Champion Homes: Margin Noise Masks The Value Of A Modular Housing Leader

  • Champion Homes is a leading modular home producer with strong market positioning and a vertically integrated, cycle-resistant business model. Recent earnings miss and margin compression were driven by one-time SG&A spikes, mainly from the Regional Homes acquisition and incentive compensation. Despite margin noise, Champion Homes maintains robust financial health, net cash, and a growing backlog, supporting long-term value and stability.