KB Home

NYSE•KBH

CEO: Mr. Jeffrey T. Mezger

セクター: Consumer Cyclical

業種: Residential Construction

上場日: 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.

連絡先情報

10990 Wilshire Boulevard, 7th Floor, Los Angeles, CA, 90024, United States

310-231-4000

www.kbhome.com

時価総額

$3.32B

PER (TTM)

7.8

13.6

配当利回り

1.9%

52週高値

$68.71

52週安値

$48.90

52週レンジ

18%

順位30Top 19.5%

5.1

F-Score

改良版 Piotroski 分析

10年ファンダメンタル

堅調 • 5.1 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$1.69B-15.28%

直近4四半期の推移

EPS

$1.59-38.61%

直近4四半期の推移

フリーCF

$293.02M-16.89%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Homebuilding Revenue Decline Homebuilding revenues fell 10% to $6.21B in 2025, driven by 9% fewer homes delivered across all segments.

Net Income Plummets Net income dropped 35% to $428.8M in 2025; diluted EPS decreased 27% to $6.15 per share.

Gross Margin Compression Housing gross profit margin compressed 240 basis points to 18.6% due to strategic price cuts and higher land costs.

Strong Liquidity Maintained Total liquidity remains robust at $1.43B; company executed $538.5M in common stock repurchases during 2025.

リスク要因

Consumer Demand Softness Net orders fell 11% to 11,596 units; soft confidence and high rates limited actionable buyers throughout 2025.

Financial Services Income Drop Financial services pretax income declined 28% to $34.979M, reflecting lower equity income from KBHS joint venture.

Backlog Conversion Slowdown Ending backlog homes decreased 29% to 3,128 units, reflecting lower net orders despite build time improvements.

Inflationary Cost Headwinds Economic trends and general inflation expected to continue creating headwinds into 2026, negatively impacting margins.

見通し

2026 Delivery Projections Expect 2026 full year deliveries between 11,000 and 12,500 homes, supported by strong balance sheet.

Built to Order Focus Aim to shift home delivery mix closer to historical 60%-70% Built to Order average during 2026.

Capital Return Plans Plan to repurchase $50M to $100M of common stock in Q1 2026, maintaining strong financial flexibility.

Margin Headwinds Expected Expect 2026 Q1 housing gross margin between 15.4% and 16.0%, reflecting price reductions impact.

同業比較

売上高 (TTM)

ABG

$18.00B

+4.7%

PVH

$8.82B

+0.5%

TMHC

$8.12B

-0.6%

粗利益率 (最新四半期)

PVH

56.0%

-2.0pp

CHH

46.0%

+3.8pp

DORM

41.6%

+3.9pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
TMHC	$5.64B	7.2	12.8%	24.0%
RUSHA	$4.86B	18.5	12.1%	35.0%
CHH	$4.61B	12.4	614.4%	73.0%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

6.8%

安定成長

4四半期純利益CAGR

-2.5%

収益性の安定

キャッシュフロー安定性

75%

キャッシュフローの変動が大きい

深度リサーチ

次回決算:2026年3月23日

EPS:$0.53

売上高:$1.10B

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし