Cavco Industries, Inc. vs Champion Homes, Inc., two Forest Products stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Cavco and Skyline Champion both build manufactured homes, and the two look almost like mirror images. Cavco earns more on its equity, 17.27% against 13.15%, at a wider 8.49% net margin versus 7.77%, and both run with almost no debt. The market pays a little more for Cavco, 25.73 times earnings against 24.32, and 4.41 times book versus 3.18, rewarding the higher returns. Skyline generates slightly more free cash, 5.39% of its price against Cavco's 4.77%. The two are nearly matched in size, Cavco at $4.9B and Skyline at $5.0B, and the choice comes down to paying up for Cavco's returns or Skyline's cheaper book.
Comparison updated 2026-07-11.
| Metric | CVCO | SKY |
|---|---|---|
| Price | $567.16 | $81.27 |
| Market cap | $4.5B | $4.6B |
| Sector | Forest Products | Forest Products |
| Stage | Mature | Mature |
| Implied growth (priced in) | +9.2% | — |
| P/E | 23.6 | 22.2 |
| P/B | 4.06 | 2.91 |
| P/S | 1.99 | 1.72 |
| EV/EBITDA | 16.9 | 13.3 |
| Revenue growth | +11.4% | +7.3% |
| Gross margin | 23.1% | 24.9% |
| Operating margin | 9.4% | 5.8% |
| Net margin | 8.5% | 7.8% |
| Return on equity | 17.3% | 13.2% |
| Return on assets | 12.8% | 9.7% |
| Return on invested capital | 16.0% | 12.5% |
| FCF yield | 5.2% | 5.9% |
| Debt / equity | 0.01 | 0.02 |
| Current ratio | 2.46 | 2.48 |
| Altman Z (solvency) | 9.32 | 8.33 |
| Piotroski F (quality) | 6 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.