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Side-by-side financial comparison of MAGIC SOFTWARE ENTERPRISES LTD (MGIC) 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 $419.6M, roughly 1.6× MAGIC SOFTWARE ENTERPRISES LTD). MAGIC SOFTWARE ENTERPRISES LTD runs the higher net margin — 8.4% vs 8.3%, a 0.1% gap on every dollar of revenue. Champion Homes, Inc. produced more free cash flow last quarter ($92.9M vs $37.0M).

Magic Software Enterprises provides low-code integration and data management platforms that simplify the connection between legacy on-premise systems and modern cloud applications. Its flagship products — Magic xpi Integration Platform and FactoryEye Smart Factory Solution, enable enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services.

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.

MGIC vs SKY — Head-to-Head

Bigger by revenue
SKY
SKY
1.6× larger
SKY
$656.6M
$419.6M
MGIC
Higher net margin
MGIC
MGIC
0.1% more per $
MGIC
8.4%
8.3%
SKY
More free cash flow
SKY
SKY
$55.9M more FCF
SKY
$92.9M
$37.0M
MGIC

Income Statement — Q3 FY2023 vs Q3 FY2026

Metric
MGIC
MGIC
SKY
SKY
Revenue
$419.6M
$656.6M
Net Profit
$35.3M
$54.3M
Gross Margin
27.1%
26.2%
Operating Margin
11.3%
9.5%
Net Margin
8.4%
8.3%
Revenue YoY
1.8%
Net Profit YoY
-11.7%
EPS (diluted)
$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.

Revenue
MGIC
MGIC
SKY
SKY
Q4 25
$656.6M
Q3 25
$684.4M
Q2 25
$701.3M
Q1 25
$593.9M
Q4 24
$644.9M
Q3 24
$616.9M
Q2 24
$627.8M
Q1 24
$536.4M
Net Profit
MGIC
MGIC
SKY
SKY
Q4 25
$54.3M
Q3 25
$58.2M
Q2 25
$64.7M
Q1 25
$36.3M
Q4 24
$61.5M
Q3 24
$54.7M
Q2 24
$45.8M
Q1 24
$2.8M
Gross Margin
MGIC
MGIC
SKY
SKY
Q4 25
26.2%
Q3 25
27.5%
Q2 25
27.1%
Q1 25
25.7%
Q4 24
28.1%
Q3 24
27.0%
Q2 24
26.2%
Q1 24
18.3%
Operating Margin
MGIC
MGIC
SKY
SKY
Q4 25
9.5%
Q3 25
10.9%
Q2 25
11.2%
Q1 25
7.1%
Q4 24
11.3%
Q3 24
10.8%
Q2 24
8.8%
Q1 24
1.4%
Net Margin
MGIC
MGIC
SKY
SKY
Q4 25
8.3%
Q3 25
8.5%
Q2 25
9.2%
Q1 25
6.1%
Q4 24
9.5%
Q3 24
8.9%
Q2 24
7.3%
Q1 24
0.5%
EPS (diluted)
MGIC
MGIC
SKY
SKY
Q4 25
$0.97
Q3 25
$1.03
Q2 25
$1.13
Q1 25
$0.63
Q4 24
$1.06
Q3 24
$0.94
Q2 24
$0.79
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MGIC
MGIC
SKY
SKY
Cash + ST InvestmentsLiquidity on hand
$83.1M
$659.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$276.3M
$1.6B
Total Assets
$505.1M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGIC
MGIC
SKY
SKY
Q4 25
$659.8M
Q3 25
$618.7M
Q2 25
$605.3M
Q1 25
$610.3M
Q4 24
$581.8M
Q3 24
$570.2M
Q2 24
$548.9M
Q1 24
$495.1M
Stockholders' Equity
MGIC
MGIC
SKY
SKY
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.4B
Total Assets
MGIC
MGIC
SKY
SKY
Q4 25
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.0B
Q3 24
$2.0B
Q2 24
$2.0B
Q1 24
$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
MGIC
MGIC
SKY
SKY
Operating Cash FlowLast quarter
$40.3M
$100.0M
Free Cash FlowOCF − Capex
$37.0M
$92.9M
FCF MarginFCF / Revenue
8.8%
14.1%
Capex IntensityCapex / Revenue
0.8%
1.1%
Cash ConversionOCF / Net Profit
1.14×
1.84×
TTM Free Cash FlowTrailing 4 quarters
$98.8M
$259.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGIC
MGIC
SKY
SKY
Q4 25
$100.0M
Q3 25
$75.9M
Q2 25
$75.3M
Q1 25
$46.0M
Q4 24
$50.4M
Q3 24
$59.8M
Q2 24
$84.6M
Q1 24
Free Cash Flow
MGIC
MGIC
SKY
SKY
Q4 25
$92.9M
Q3 25
$67.0M
Q2 25
$66.4M
Q1 25
$33.4M
Q4 24
$37.3M
Q3 24
$45.7M
Q2 24
$73.9M
Q1 24
FCF Margin
MGIC
MGIC
SKY
SKY
Q4 25
14.1%
Q3 25
9.8%
Q2 25
9.5%
Q1 25
5.6%
Q4 24
5.8%
Q3 24
7.4%
Q2 24
11.8%
Q1 24
Capex Intensity
MGIC
MGIC
SKY
SKY
Q4 25
1.1%
Q3 25
1.3%
Q2 25
1.3%
Q1 25
2.1%
Q4 24
2.0%
Q3 24
2.3%
Q2 24
1.7%
Q1 24
Cash Conversion
MGIC
MGIC
SKY
SKY
Q4 25
1.84×
Q3 25
1.30×
Q2 25
1.16×
Q1 25
1.27×
Q4 24
0.82×
Q3 24
1.09×
Q2 24
1.85×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MGIC
MGIC

Segment breakdown not available.

SKY
SKY

Manufacturing$369.7M56%
Retail$252.7M38%
Canadian Factory Built Housing$25.8M4%
Transportation And Other$8.5M1%

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