Skyline Corporation (SKY) - Net Assets
Based on the latest financial reports, Skyline Corporation (SKY) has net assets worth $1.59 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.11 Billion) and total liabilities ($522.09 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SKY asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.59 Billion |
| % of Total Assets | 75.31% |
| Annual Growth Rate | 6.62% |
| 5-Year Change | 171.62% |
| 10-Year Change | 6045.06% |
| Growth Volatility | 85.08 |
Skyline Corporation - Net Assets Trend (1986–2025)
This chart illustrates how Skyline Corporation's net assets have evolved over time, based on quarterly financial data. Also explore SKY total assets for the complete picture of this company's asset base.
Annual Net Assets for Skyline Corporation (1986–2025)
The table below shows the annual net assets of Skyline Corporation from 1986 to 2025. For live valuation and market cap data, see Skyline Corporation (SKY) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.54 Billion | +8.58% |
| 2024-03-31 | $1.42 Billion | +15.36% |
| 2023-03-31 | $1.23 Billion | +49.43% |
| 2022-03-31 | $825.11 Million | +45.11% |
| 2021-03-31 | $568.61 Million | +19.88% |
| 2020-03-31 | $474.31 Million | +15.13% |
| 2019-03-31 | $411.97 Million | +168.74% |
| 2018-03-31 | $153.30 Million | +505.94% |
| 2017-03-31 | $25.30 Million | +0.66% |
| 2016-03-31 | $25.13 Million | +7.53% |
| 2015-03-31 | $23.37 Million | -30.82% |
| 2014-03-31 | $33.79 Million | -25.99% |
| 2013-03-31 | $45.65 Million | -18.72% |
| 2012-03-31 | $56.16 Million | -27.10% |
| 2011-03-31 | $77.04 Million | -29.78% |
| 2010-03-31 | $109.71 Million | -24.21% |
| 2009-03-31 | $144.74 Million | -12.92% |
| 2008-03-31 | $166.22 Million | -6.52% |
| 2007-03-31 | $177.81 Million | -10.08% |
| 2006-03-31 | $197.75 Million | +4.35% |
| 2005-03-31 | $189.50 Million | -4.52% |
| 2004-03-31 | $198.48 Million | +0.05% |
| 2003-03-31 | $198.38 Million | +0.08% |
| 2002-03-31 | $198.23 Million | +3.24% |
| 2001-03-31 | $192.02 Million | -0.48% |
| 2000-03-31 | $192.95 Million | +4.02% |
| 1999-03-31 | $185.50 Million | +1.09% |
| 1998-03-31 | $183.50 Million | +4.14% |
| 1997-03-31 | $176.20 Million | -4.40% |
| 1996-03-31 | $184.30 Million | +2.56% |
| 1995-03-31 | $179.70 Million | +5.46% |
| 1994-03-31 | $170.40 Million | +5.32% |
| 1993-03-31 | $161.80 Million | +2.86% |
| 1992-03-31 | $157.30 Million | +0.25% |
| 1991-03-31 | $156.90 Million | -0.06% |
| 1990-03-31 | $157.00 Million | +2.82% |
| 1989-03-31 | $152.70 Million | +8.37% |
| 1988-03-31 | $140.90 Million | +5.70% |
| 1987-03-31 | $133.30 Million | +4.96% |
| 1986-03-31 | $127.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Skyline Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 698.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $975.98 Million | 63.19% |
| Common Stock | $1.58 Million | 0.10% |
| Other Comprehensive Income | $-20.07 Million | -1.30% |
| Other Components | $586.94 Million | 38.00% |
| Total Equity | $1.54 Billion | 100.00% |
Skyline Corporation Competitors by Market Cap
The table below lists competitors of Skyline Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Offshore Oil Engineering Co Ltd
SHG:600583
|
$4.20 Billion |
|
Daeduck Electronics Co Ltd
KO:353200
|
$4.20 Billion |
|
Guangdong Fenghua Advanced Technology Holding Co Ltd
SHE:000636
|
$4.20 Billion |
|
Sandfire Resources Limited
F:S2Z
|
$4.20 Billion |
|
GMS Inc
NYSE:GMS
|
$4.20 Billion |
|
Luster LightTech Co. Ltd. Cl A
SHG:688400
|
$4.20 Billion |
|
Xiamen C&D Inc
SHG:600153
|
$4.19 Billion |
|
Ondas Holdings Inc.
NASDAQ:ONDS
|
$4.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Skyline Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,422,370,000 to 1,544,438,000, a change of 122,068,000 (8.6%).
- Net income of 198,413,000 contributed positively to equity growth.
- Share repurchases of 79,999,000 reduced equity.
- Other comprehensive income decreased equity by 6,145,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $198.41 Million | +12.85% |
| Share Repurchases | $80.00 Million | -5.18% |
| Other Comprehensive Income | $-6.14 Million | -0.4% |
| Other Changes | $9.80 Million | +0.63% |
| Total Change | $- | 8.58% |
Book Value vs Market Value Analysis
This analysis compares Skyline Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.85x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 33.43x to 2.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-03-31 | $2.27 | $75.92 | x |
| 1987-03-31 | $2.37 | $75.92 | x |
| 1988-03-31 | $2.52 | $75.92 | x |
| 1989-03-31 | $2.73 | $75.92 | x |
| 1990-03-31 | $2.82 | $75.92 | x |
| 1991-03-31 | $2.84 | $75.92 | x |
| 1992-03-31 | $2.82 | $75.92 | x |
| 1993-03-31 | $2.91 | $75.92 | x |
| 1994-03-31 | $3.04 | $75.92 | x |
| 1995-03-31 | $3.22 | $75.92 | x |
| 1996-03-31 | $3.41 | $75.92 | x |
| 1997-03-31 | $3.43 | $75.92 | x |
| 1998-03-31 | $3.84 | $75.92 | x |
| 1999-03-31 | $4.05 | $75.92 | x |
| 2000-03-31 | $4.25 | $75.92 | x |
| 2001-03-31 | $4.54 | $75.92 | x |
| 2002-03-31 | $4.72 | $75.92 | x |
| 2003-03-31 | $4.73 | $75.92 | x |
| 2004-03-31 | $4.73 | $75.92 | x |
| 2005-03-31 | $4.52 | $75.92 | x |
| 2006-03-31 | $4.71 | $75.92 | x |
| 2007-03-31 | $4.24 | $75.92 | x |
| 2008-03-31 | $3.96 | $75.92 | x |
| 2009-03-31 | $3.45 | $75.92 | x |
| 2010-03-31 | $2.61 | $75.92 | x |
| 2011-03-31 | $1.84 | $75.92 | x |
| 2012-03-31 | $1.34 | $75.92 | x |
| 2013-03-31 | $1.09 | $75.92 | x |
| 2014-03-31 | $4.03 | $75.92 | x |
| 2015-03-31 | $2.79 | $75.92 | x |
| 2016-03-31 | $3.00 | $75.92 | x |
| 2017-03-31 | $0.57 | $75.92 | x |
| 2018-03-31 | $3.45 | $75.92 | x |
| 2019-03-31 | $7.70 | $75.92 | x |
| 2020-03-31 | $8.36 | $75.92 | x |
| 2021-03-31 | $9.98 | $75.92 | x |
| 2022-03-31 | $14.40 | $75.92 | x |
| 2023-03-31 | $21.48 | $75.92 | x |
| 2024-03-31 | $24.53 | $75.92 | x |
| 2025-03-31 | $26.59 | $75.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Skyline Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.99%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 1.37x
- Recent ROE (12.85%) is above the historical average (1.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 8.19% | 3.29% | 2.15x | 1.16x | $-2.30 Million |
| 1987 | 8.78% | 3.74% | 2.00x | 1.17x | $-1.63 Million |
| 1988 | 9.30% | 4.06% | 1.98x | 1.16x | $-990.00K |
| 1989 | 11.20% | 4.46% | 2.16x | 1.16x | $1.83 Million |
| 1990 | 6.18% | 2.65% | 2.05x | 1.14x | $-6.00 Million |
| 1991 | 3.31% | 1.59% | 1.86x | 1.12x | $-10.49 Million |
| 1992 | 3.69% | 1.71% | 1.88x | 1.15x | $-9.93 Million |
| 1993 | 6.12% | 2.01% | 2.61x | 1.17x | $-6.28 Million |
| 1994 | 8.80% | 2.59% | 2.78x | 1.22x | $-2.04 Million |
| 1995 | 8.51% | 2.38% | 2.98x | 1.20x | $-2.67 Million |
| 1996 | 10.69% | 3.05% | 2.81x | 1.25x | $1.27 Million |
| 1997 | 11.80% | 3.39% | 2.81x | 1.24x | $3.18 Million |
| 1998 | 10.84% | 3.19% | 2.68x | 1.27x | $1.55 Million |
| 1999 | 13.80% | 3.85% | 2.76x | 1.30x | $7.05 Million |
| 2000 | 7.79% | 2.55% | 2.50x | 1.22x | $-4.27 Million |
| 2001 | 5.82% | 2.41% | 1.97x | 1.23x | $-8.03 Million |
| 2002 | 6.18% | 2.72% | 1.89x | 1.20x | $-7.57 Million |
| 2003 | 3.12% | 1.48% | 1.76x | 1.21x | $-13.65 Million |
| 2004 | 3.09% | 1.42% | 1.79x | 1.22x | $-13.71 Million |
| 2005 | 2.88% | 1.20% | 1.91x | 1.25x | $-13.50 Million |
| 2006 | 7.23% | 2.81% | 2.05x | 1.26x | $-5.48 Million |
| 2007 | 1.46% | 0.71% | 1.70x | 1.21x | $-15.19 Million |
| 2008 | -3.34% | -1.84% | 1.53x | 1.19x | $-22.18 Million |
| 2009 | -10.66% | -9.26% | 0.99x | 1.16x | $-29.91 Million |
| 2010 | -26.43% | -21.28% | 1.04x | 1.19x | $-39.96 Million |
| 2011 | -34.56% | -16.40% | 1.64x | 1.29x | $-34.33 Million |
| 2012 | -34.48% | -10.59% | 2.32x | 1.40x | $-24.98 Million |
| 2013 | -23.03% | -5.92% | 2.61x | 1.49x | $-15.08 Million |
| 2014 | -35.11% | -6.19% | 2.92x | 1.95x | $-15.24 Million |
| 2015 | -43.53% | -5.44% | 3.71x | 2.16x | $-12.51 Million |
| 2016 | 6.68% | 0.79% | 3.85x | 2.19x | $-835.30K |
| 2017 | 0.02% | 0.00% | 4.25x | 2.20x | $-2.52 Million |
| 2018 | 10.31% | 1.48% | 2.69x | 2.58x | $470.30K |
| 2019 | -14.13% | -4.28% | 1.94x | 1.70x | $-99.41 Million |
| 2020 | 12.23% | 4.23% | 1.75x | 1.65x | $10.56 Million |
| 2021 | 14.92% | 5.97% | 1.55x | 1.61x | $27.96 Million |
| 2022 | 30.06% | 11.24% | 1.79x | 1.50x | $165.53 Million |
| 2023 | 32.59% | 15.42% | 1.67x | 1.27x | $278.50 Million |
| 2024 | 10.31% | 7.24% | 1.05x | 1.35x | $4.46 Million |
| 2025 | 12.85% | 7.99% | 1.18x | 1.37x | $43.97 Million |
Industry Comparison
This section compares Skyline Corporation's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $989,598,700
- Average return on equity (ROE) among peers: 14.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Skyline Corporation (SKY) | $1.59 Billion | 8.19% | 0.33x | $4.20 Billion |
| Beazer Homes USA Inc (BZH) | $351.19 Million | 21.32% | 1.83x | $557.97 Million |
| Cavco Industries Inc (CVCO) | $254.88 Million | 5.98% | 0.72x | $3.88 Billion |
| Dream Finders Homes Inc (DFH) | $1.42 Billion | 23.61% | 1.34x | $499.32 Million |
| DR Horton Inc (DHI) | $4.13 Billion | 23.63% | 1.18x | $43.33 Billion |
| Green Brick Partners Inc (GRBK) | $433.04 Million | 3.46% | 0.41x | $2.91 Billion |
| Hovnanian Enterprises Inc (HOV) | $2.07 Billion | 7.21% | 1.64x | $564.31 Million |
| Installed Building Products Inc (IBP) | $319.18 Million | 30.47% | 2.72x | $8.08 Billion |
| KB Home (KBH) | $407.00 Million | 11.45% | 2.57x | $3.14 Billion |
| Legacy Housing Corp (LEGH) | $189.28 Million | 11.37% | 0.24x | $513.63 Million |
| Lennar Corporation (LEN) | $319.30 Million | 9.11% | 2.07x | $19.54 Billion |
About Skyline Corporation
Champion Homes, Inc. produces and sells factory-built housing in the United States and Canada. The company offers manufactured and modular homes, park models recreational vehicles and cabins, accessory dwelling units, commercial structures, and modular buildings for the single and multi-family markets. It builds homes under the Champion Homes, Genesis Homes, Skyline Homes, Regional Homes, Athens … Read more