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KB Home

KB Home

NYSE•KBH
CEO: Mr. Jeffrey T. Mezger
Sector: Consumer Cyclical
Industry: Residential Construction
Listing Date: 1986-08-01
KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers. The company also provides financial services, such as insurance products and title services, as well as mortgage banking services, including residential consumer mortgage loans to homebuyers. It has operations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is based in Los Angeles, California.
Contact Information
10990 Wilshire Boulevard, 7th Floor, Los Angeles, CA, 90024, United States
310-231-4000
www.kbhome.com
Market Cap
$4.60B
P/E (TTM)
8.4
12.7
Dividend Yield
1.5%
52W High
$73.10
52W Low
$48.90
52W Range
69%
Rank34Top 20.2%
5.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.62B-7.54%
4-Quarter Trend

EPS

$1.65-21.43%
4-Quarter Trend

FCF

$185.85M-286.99%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Total Revenue Decline Total revenues $4.54B, down 8% for nine months; Net income $327.3M, down 30% compared to prior year.
Homebuilding Profit Squeeze Homebuilding operating margin 8.6%, down 230 basis points for nine months, reflecting price reductions and cost impacts.
Strong Operating Cash Flow Net cash provided by operating activities $31.8M for nine months, sharply up from $81K in the prior period.
Significant Share Repurchases Repurchased $438.5M common stock in nine months; $261.5M remains authorized for future buybacks as of August 31.

Risk Factors

Housing Demand Softness Ending backlog value declined 32% to $1.99B; Net order value dropped 17% for the nine months ended August 31.
Increased Inventory Charges Inventory impairment and abandonment charges rose to $18.4M for nine months, significantly up from $3.7M last year.
Margin Compression Continues Housing gross profit margin fell to 19.2% (9M), driven by price reductions and higher relative land costs.
Tax Credit Repeal Risk Repeal of Section 45L tax credits after June 2026 may negatively impact future effective tax rates starting in 2026.

Outlook

Q4 Revenue Guidance Expect housing revenues in Q4 2025 range of $1.60B to $1.70B, compared to $1.99B in the corresponding 2024 period.
Full Year Margin Expectations Full year homebuilding operating margin projected near 8.9%, assuming no inventory charges, down from 11.1% for 2024.
Continued Capital Return Plan to return capital via share repurchases of $50.0M to $150.0M in the 2025 fourth quarter based on liquidity.
Land Investment Scaling Back Anticipate year-over-year decrease in land-related investments for Q4 2025, aligning with current softer market conditions.

Peer Comparison

Revenue (TTM)

PVH Corp.PVH
$8.82B
+0.5%
Rush Enterprises, Inc.RUSHA
$7.67B
-2.0%
KB HomeKBH
$6.54B
-0.9%

Gross Margin (Latest Quarter)

Travel + Leisure Co.TNL
97.5%
+47.4pp
PVH Corp.PVH
56.3%
-2.0pp
Dorman Products, Inc.DORM
44.4%
+3.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MTH$5.15B9.410.4%23.2%
SKY$4.91B22.214.3%1.1%
CVCO$4.77B24.018.4%2.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.8%
Growth Under Pressure
4Q Net Income CAGR
-16.8%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Dec 18, 2025
|
EPS:$1.79
|
Revenue:$1.66B
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Aug 31, 2025|Filed: Oct 9, 2025|
    Revenue: $1.62B-7.5%
    |
    EPS: $1.65-21.4%
    Beat

  • Form 10-Q - Q2 2025

    Period End: May 31, 2025|Filed: Jul 10, 2025|
    Revenue: $1.53B-10.5%
    |
    EPS: $1.53-30.8%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Feb 28, 2025|Filed: Apr 9, 2025|
    Revenue: $1.39B-5.2%
    |
    EPS: $1.52-16.0%
    Miss

  • Form 10-K - FY 2024

    Period End: Nov 30, 2024|Filed: Jan 24, 2025|
    Revenue: $6.93B+8.1%
    |
    EPS: $8.70+20.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Aug 31, 2024|Filed: Oct 10, 2024|
    Revenue: $1.75B+10.4%
    |
    EPS: $2.10+12.9%
    Meet

  • Form 10-Q - Q2 2024

    Period End: May 31, 2024|Filed: Jul 5, 2024|
    Revenue: $1.71B-3.1%
    |
    EPS: $2.21+10.5%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Feb 29, 2024|Filed: Apr 5, 2024|
    Revenue: $1.47B+6.0%
    |
    EPS: $1.81+21.5%
    Beat

  • Form 10-K - FY 2023

    Period End: Nov 30, 2023|Filed: Jan 19, 2024|
    Revenue: $6.41B-7.1%
    |
    EPS: $7.25-22.5%
    Beat