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Side-by-side financial comparison of Legacy Housing Corp (LEGH) and Champion Homes, Inc. (SKY). Click either name above to swap in a different company.
Champion Homes, Inc. is the larger business by last-quarter revenue ($656.6M vs $25.5M, roughly 25.8× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs 8.3%, a 23.9% gap on every dollar of revenue. On growth, Champion Homes, Inc. posted the faster year-over-year revenue change (1.8% vs -30.6%). Champion Homes, Inc. produced more free cash flow last quarter ($92.9M vs $15.7M). Over the past eight quarters, Champion Homes, Inc.'s revenue compounded faster (10.6% CAGR vs -9.1%).
Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.
Champion Homes, Inc., is a mobile and modular home manufacturing company. It is one of the largest modular homebuilders in North America. The company also provides factory-built housing to the United States and western Canada.
LEGH vs SKY — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $656.6M |
| Net Profit | $8.2M | $54.3M |
| Gross Margin | 26.4% | 26.2% |
| Operating Margin | 40.4% | 9.5% |
| Net Margin | 32.2% | 8.3% |
| Revenue YoY | -30.6% | 1.8% |
| Net Profit YoY | -43.5% | -11.7% |
| EPS (diluted) | $0.38 | $0.97 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $25.5M | $656.6M | ||
| Q3 25 | $28.8M | $684.4M | ||
| Q2 25 | $38.4M | $701.3M | ||
| Q1 25 | $24.3M | $593.9M | ||
| Q4 24 | $36.7M | $644.9M | ||
| Q3 24 | $30.2M | $616.9M | ||
| Q2 24 | $31.7M | $627.8M | ||
| Q1 24 | $30.8M | $536.4M |
| Q4 25 | $8.2M | $54.3M | ||
| Q3 25 | $8.6M | $58.2M | ||
| Q2 25 | $14.7M | $64.7M | ||
| Q1 25 | $10.3M | $36.3M | ||
| Q4 24 | $14.5M | $61.5M | ||
| Q3 24 | $15.8M | $54.7M | ||
| Q2 24 | $16.2M | $45.8M | ||
| Q1 24 | $15.1M | $2.8M |
| Q4 25 | 26.4% | 26.2% | ||
| Q3 25 | 20.2% | 27.5% | ||
| Q2 25 | 32.4% | 27.1% | ||
| Q1 25 | 29.2% | 25.7% | ||
| Q4 24 | 27.3% | 28.1% | ||
| Q3 24 | 29.2% | 27.0% | ||
| Q2 24 | 31.9% | 26.2% | ||
| Q1 24 | 33.6% | 18.3% |
| Q4 25 | 40.4% | 9.5% | ||
| Q3 25 | 33.7% | 10.9% | ||
| Q2 25 | 43.8% | 11.2% | ||
| Q1 25 | 47.7% | 7.1% | ||
| Q4 24 | 42.3% | 11.3% | ||
| Q3 24 | 50.8% | 10.8% | ||
| Q2 24 | 50.6% | 8.8% | ||
| Q1 24 | 54.3% | 1.4% |
| Q4 25 | 32.2% | 8.3% | ||
| Q3 25 | 30.0% | 8.5% | ||
| Q2 25 | 38.3% | 9.2% | ||
| Q1 25 | 42.3% | 6.1% | ||
| Q4 24 | 39.5% | 9.5% | ||
| Q3 24 | 52.4% | 8.9% | ||
| Q2 24 | 51.1% | 7.3% | ||
| Q1 24 | 49.1% | 0.5% |
| Q4 25 | $0.38 | $0.97 | ||
| Q3 25 | $0.35 | $1.03 | ||
| Q2 25 | $0.60 | $1.13 | ||
| Q1 25 | $0.41 | $0.63 | ||
| Q4 24 | $0.59 | $1.06 | ||
| Q3 24 | $0.64 | $0.94 | ||
| Q2 24 | $0.65 | $0.79 | ||
| Q1 24 | $0.60 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.5M | $659.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.6M | $1.6B |
| Total Assets | $580.3M | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $659.8M | ||
| Q3 25 | $13.6M | $618.7M | ||
| Q2 25 | $2.6M | $605.3M | ||
| Q1 25 | $3.4M | $610.3M | ||
| Q4 24 | $1.1M | $581.8M | ||
| Q3 24 | $570.0K | $570.2M | ||
| Q2 24 | $60.0K | $548.9M | ||
| Q1 24 | $621.0K | $495.1M |
| Q4 25 | $528.6M | $1.6B | ||
| Q3 25 | $521.6M | $1.6B | ||
| Q2 25 | $512.8M | $1.6B | ||
| Q1 25 | $503.7M | $1.5B | ||
| Q4 24 | $494.0M | $1.5B | ||
| Q3 24 | $479.3M | $1.5B | ||
| Q2 24 | $463.2M | $1.5B | ||
| Q1 24 | $450.4M | $1.4B |
| Q4 25 | $580.3M | $2.1B | ||
| Q3 25 | $557.9M | $2.1B | ||
| Q2 25 | $552.0M | $2.1B | ||
| Q1 25 | $544.6M | $2.1B | ||
| Q4 24 | $534.2M | $2.0B | ||
| Q3 24 | $521.4M | $2.0B | ||
| Q2 24 | $514.9M | $2.0B | ||
| Q1 24 | $510.0M | $1.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.0M | $100.0M |
| Free Cash FlowOCF − Capex | $15.7M | $92.9M |
| FCF MarginFCF / Revenue | 61.6% | 14.1% |
| Capex IntensityCapex / Revenue | 13.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.32× | 1.84× |
| TTM Free Cash FlowTrailing 4 quarters | $28.2M | $259.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.0M | $100.0M | ||
| Q3 25 | $7.2M | $75.9M | ||
| Q2 25 | $6.1M | $75.3M | ||
| Q1 25 | $4.9M | $46.0M | ||
| Q4 24 | $7.9M | $50.4M | ||
| Q3 24 | $13.8M | $59.8M | ||
| Q2 24 | $3.5M | $84.6M | ||
| Q1 24 | $10.8M | — |
| Q4 25 | $15.7M | $92.9M | ||
| Q3 25 | $5.1M | $67.0M | ||
| Q2 25 | $3.7M | $66.4M | ||
| Q1 25 | $3.6M | $33.4M | ||
| Q4 24 | $6.0M | $37.3M | ||
| Q3 24 | $9.1M | $45.7M | ||
| Q2 24 | $1.7M | $73.9M | ||
| Q1 24 | $9.9M | — |
| Q4 25 | 61.6% | 14.1% | ||
| Q3 25 | 17.8% | 9.8% | ||
| Q2 25 | 9.6% | 9.5% | ||
| Q1 25 | 15.0% | 5.6% | ||
| Q4 24 | 16.4% | 5.8% | ||
| Q3 24 | 30.2% | 7.4% | ||
| Q2 24 | 5.4% | 11.8% | ||
| Q1 24 | 32.2% | — |
| Q4 25 | 13.1% | 1.1% | ||
| Q3 25 | 7.1% | 1.3% | ||
| Q2 25 | 6.2% | 1.3% | ||
| Q1 25 | 5.2% | 2.1% | ||
| Q4 24 | 5.1% | 2.0% | ||
| Q3 24 | 15.6% | 2.3% | ||
| Q2 24 | 5.5% | 1.7% | ||
| Q1 24 | 2.8% | — |
| Q4 25 | 2.32× | 1.84× | ||
| Q3 25 | 0.83× | 1.30× | ||
| Q2 25 | 0.41× | 1.16× | ||
| Q1 25 | 0.48× | 1.27× | ||
| Q4 24 | 0.54× | 0.82× | ||
| Q3 24 | 0.88× | 1.09× | ||
| Q2 24 | 0.21× | 1.85× | ||
| Q1 24 | 0.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
