SKY vs TREX
Champion Homes, Inc. and Trex Co. Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | SKY | TREX |
|---|---|---|
| Revenue | $2.7B | $1.2B |
| Net income | $206.9M | $190.4M |
| Gross margin | 26.4% | 39.2% |
| Net margin | 8.0% | 16.2% |
| Return on equity | 13.3% | 19.8% |
| Diluted EPS | $3.66 | $1.78 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $269.7M | $134.5M |
| Equity | $1.6B | $1.0B |
| Net debt / equity | −0.39× | · |
| Current ratio | 2.48× | 1.24× |
| Revenue CAGR 5y | 13.4% | 5.9% |
| Profit CAGR 5y | 19.5% | 1.6% |
SKY bills 2.3× the revenue of TREX, and TREX keeps more of each dollar of revenue as profit (16.2% against 8.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | SKY | TREX |
|---|---|---|
| FY2025 | $2.7B | $1.2B |
| FY2024 | $2.5B | $1.2B |
| FY2023 | $2.0B | $1.1B |
| FY2022 | $2.6B | $1.1B |
| FY2021 | $2.2B | $1.2B |
| FY2020 | $1.4B | $880.8M |
| FY2019 | $1.4B | $745.3M |
| FY2018 | $1.4B | $684.2M |
| FY2017 | $1.1B | $565.2M |
| FY2016 | $861.3M | $479.6M |
Bottom line
| Fiscal year | SKY | TREX |
|---|---|---|
| FY2025 | $206.9M | $190.4M |
| FY2024 | $198.4M | $238.4M |
| FY2023 | $146.7M | $204.1M |
| FY2022 | $401.8M | $184.6M |
| FY2021 | $248.0M | $208.7M |
| FY2020 | $84.9M | $175.6M |
| FY2019 | $58.2M | $144.7M |
| FY2018 | $-58.2M | $134.6M |
| FY2017 | $15.8M | $95.1M |
| FY2016 | $51.9M | $67.8M |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,489,372,000 | SKY |
| FY2024 | +$1,331,999,000 | SKY |
| FY2023 | +$929,986,000 | SKY |
| FY2022 | +$1,500,517,000 | SKY |
| FY2021 | +$1,010,277,000 | SKY |
| FY2020 | +$540,050,000 | SKY |
| FY2019 | +$624,383,000 | SKY |
| FY2018 | +$675,793,000 | SKY |
| FY2017 | +$499,569,000 | SKY |
| FY2016 | +$381,703,000 | SKY |
| FY2015 | −$229,030,000 | TREX |
| FY2014 | −$204,675,000 | TREX |
| FY2013 | −$189,431,000 | TREX |
| FY2012 | −$129,780,000 | TREX |
| FY2011 | −$83,943,000 | TREX |
| FY2010 | −$155,363,000 | TREX |
The higher-revenue side has changed between SKY and TREX over this period. The gap has widened since the earliest year compared.
16 of 17 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −8.2 pp | TREX |
| FY2024 | −12.6 pp | TREX |
| FY2023 | −11.4 pp | TREX |
| FY2022 | −1.3 pp | TREX |
| FY2021 | −6.2 pp | TREX |
| FY2020 | −14.0 pp | TREX |
| FY2019 | −15.2 pp | TREX |
| FY2018 | −23.9 pp | TREX |
| FY2017 | −15.3 pp | TREX |
| FY2015 | −10.1 pp | TREX |
| FY2014 | −16.2 pp | TREX |
| FY2013 | −17.9 pp | TREX |
| FY2012 | −6.8 pp | TREX |
| FY2011 | −6.2 pp | TREX |
| FY2010 | −13.2 pp | TREX |
TREX has kept the higher net margin in every one of these 15 fiscal years.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SKY's net margin has been more volatile than TREX's over the 15 comparable fiscal years — 8.6 percentage points of standard deviation against 8.2.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
TREX led in net margin in every one of the 15 comparable fiscal years — a structural lead, not a recent swing.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
SKY's return on equity has been more volatile than TREX's over the 16 comparable fiscal years — 28.4 percentage points of standard deviation against 19.0.
16 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between SKY and TREX over these 16 fiscal years — SKY led in 3 and TREX in 13.
16 of 17 comparable fiscal years — a year missing data on either side is not counted.