Installed Building Products vs Champion Homes
Installed Building Products reported revenue of $3.0 billion in fiscal 2025, about the same as Champion Homes' $2.7 billion in fiscal 2026. Installed Building Products' revenue grew 1.0% in its latest year, and Champion Homes' grew 7.3%. Installed Building Products had an operating margin of 13.0%, against 9.4% at Champion Homes. Free cash flow was $301 million at Installed Building Products and $270 million at Champion Homes. Their fiscal years end in different months (December 31 and March 28), so the periods don't line up exactly.
Side by side
| Installed Building Products | Champion Homes | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 28, 2026 |
| Revenue | $3.0B | $2.7B |
| Revenue growth | 1.0% | 7.3% |
| Revenue growth a year, last 5 years | 12.4% | 13.4% |
| Gross margin | 34.0% | 26.4% |
| Operating margin | 13.0% | 9.4% |
| Net margin | 8.9% | 7.8% |
| Free cash flow | $301M | $270M |
| Free cash flow margin | 10.1% | 10.1% |
| Return on capital | 22.6% | 20.8% |
| Net debt to EBITDA | 1.3x | −2.0x |
| Dividends and buybacks | $260M | $200M |
| Change in diluted share count | −3.1% | −2.7% |
| Last close | $202.03 | $79.25 |
| P/E at the last close | 21.8× | 23.1× |
| Insider trades, last 12 months | bought $1.0 million, sold $128.7 million | sold $2.8 million |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Installed Building ProductsChampion Homes
Operating margin
Percent of revenue
Installed Building ProductsChampion Homes
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Installed Building ProductsChampion Homes
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Installed Building Products and Champion Homes pages.