KB Home (KBH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.46	$0.43	-6.5%	—	—	—
Q3 26	$0.54	$0.52	-3.7%	—	—	—
Q2 26	$1.79	$1.92	+7.3%	—	—	—
Q1 26	$1.49	$1.61	+8.1%	—	—	—
Q4 25	$1.46	$1.5	+2.7%	—	—	—
Q3 25	$1.59	$1.49	-6.3%	—	—	—
Q2 25	$2.44	$2.52	+3.3%	—	—	—
Q1 25	$2.07	$2.04	-1.4%	—	—	—
Q4 24	$1.8	$2.15	+19.4%	—	—	—
Q3 24	$1.57	$1.76	+12.1%	—	—	—
Q2 24	$1.7	$1.85	+8.8%	—	—	—
Q1 24	$1.43	$1.8	+25.9%	—	—	—
Q4 23	$1.33	$1.94	+45.9%	—	—	—
Q3 23	$1.15	$1.45	+26.1%	—	—	—
Q2 23	$2.86	$2.47	-13.6%	—	—	—
Q1 23	$2.67	$2.89	+8.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.28	—	—	$6.2B	—
FY24	—	$8.7	—	—	$6.9B	—
FY23	—	$7.25	—	—	$6.4B	—
FY22	—	$9.35	—	—	$6.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.6B	$4.4B	$4.5B	$4.6B	$4.2B	$5.7B	$6.9B	$6.4B	$6.9B	$6.2B
YoY change	+18.6%	+21.5%	+4.09%	+0.13%	-8.12%	+36.9%	+20.6%	-7.14%	+8.1%	-10%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.6B	4.4B	4.5B	4.6B	4.2B	5.7B	6.9B	6.4B	6.9B	6.2B
Cost of revenue	3B	3.6B	3.7B	3.7B	3.4B	4.5B	5.2B	5B	5.5B	5.1B
Gross profit	549.7M	718.6M	799.2M	839.5M	802.7M	1.3B	1.7B	1.4B	1.5B	1.2B
Gross margin	15.3%	16.5%	17.6%	18.4%	19.2%	21.8%	24.4%	21.4%	21.2%	18.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	389.4M	426.4M	444.2M	497.4M	470.8M	574.4M	629.6M	632.1M	686.8M	646.2M
Operating expenses	389.4M	426.4M	444.2M	497.4M	474.9M	579.4M	635.4M	632.1M	686.8M	646.2M
Operating income	160.3M	292.2M	355.1M	342.1M	327.9M	676.2M	1.1B	742.5M	785.6M	525.3M
Operating margin	4.46%	6.69%	7.81%	7.51%	7.84%	11.8%	15.3%	11.6%	11.3%	8.42%
Non-operating income, net	-5.6M	-2.9M	9.4M	3.9M	33.6M	18.1M	16.3M	15M	33.2M	21.6M
Pretax income	149.3M	290M	368M	348.2M	364M	695.3M	1.1B	771.3M	850.9M	554.2M
Income tax	43.7M	109.4M	197.6M	79.4M	67.8M	130.6M	255.4M	181.1M	195.9M	125.4M
Net income	105.6M	180.6M	170.4M	268.8M	296.2M	564.7M	816.7M	590.2M	655M	428.8M
Net margin	2.94%	4.13%	3.75%	5.9%	7.08%	9.86%	11.8%	9.21%	9.45%	6.88%
EBITDA	158.9M	299.1M	357.6M	376.1M	356.3M	709.9M	1.1B	778.9M	822.9M	563.5M
EPS	1.23	2.09	1.93	3.04	3.26	6.22	9.35	7.25	8.7	6.28
Diluted EPS	1.12	1.85	1.71	2.85	3.13	6.01	9.09	7.03	8.45	6.15

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.6B	1.7B	1.5B	1.7B	1.8B	2B	1.4B	1.5B	1.6B	1.7B	1.1B	1.1B
Cost of revenue	1.2B	1.3B	1.1B	1.3B	1.4B	1.6B	1.1B	1.2B	1.3B	1.4B	909.6M	939.9M
Gross profit	345.1M	352.1M	319.7M	366.2M	365.4M	421.1M	282.8M	298M	297.7M	292.9M	167.4M	172.5M
Gross margin	21.7%	21%	21.8%	21.4%	20.9%	21.1%	20.3%	19.5%	18.4%	17.3%	15.5%	15.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	160.1M	163.6M	157.5M	171.2M	171.5M	186.7M	152.3M	163.2M	162.2M	168.5M	131M	140.5M
Operating expenses	160.1M	163.6M	157.5M	171.2M	171.5M	186.7M	152.3M	163.2M	162.2M	168.5M	131M	140.5M
Operating income	185M	188.5M	162.2M	195M	194M	234.4M	130.5M	134.8M	135.6M	124.4M	36.4M	32M
Operating margin	11.7%	11.3%	11.1%	11.4%	11.1%	11.7%	9.38%	8.81%	8.37%	7.34%	3.38%	2.88%
Non-operating income, net	4M	5M	6.6M	6.7M	9.4M	10.5M	6.7M	5.9M	5.8M	3.1M	2.7M	4.1M
Pretax income	194.5M	199.6M	174.7M	221.1M	207.4M	247.7M	139.4M	142.4M	143.2M	129.2M	40.3M	37.2M
Income tax	44.6M	49.3M	36M	52.7M	50.1M	57.1M	29.8M	34.5M	33.4M	27.7M	6.9M	9.9M
Net income	149.9M	150.3M	138.7M	168.4M	157.3M	190.6M	109.6M	107.9M	109.8M	101.5M	33.4M	27.3M
Net margin	9.45%	8.98%	9.45%	9.85%	8.98%	9.53%	7.87%	7.05%	6.78%	5.99%	3.1%	2.46%
EBITDA	194.2M	197.9M	171.5M	204.5M	203.4M	243.5M	139.4M	144M	145M	134.2M	46.5M	42.4M
EPS	1.86	1.91	1.81	2.21	2.1	2.59	1.52	1.53	1.64	1.58	0.53	0.44
Diluted EPS	1.8	1.85	1.76	2.15	2.04	2.52	1.49	1.5	1.61	1.55	0.52	0.43

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.4B	2.7B	1.9B	3B	3.2B	3.6B	2.7B	4.2B	6.2B	4.4B	2.9B
Enterprise value	3.4B	4.3B	3.3B	4.3B	4.3B	5B	4.8B	5.2B	7.3B	5.9B	4.9B
Shares outstanding	85.7M	85.8M	87.8M	88M	90.5M	90.4M	86.9M	80.8M	74.8M	67.9M	67.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	12.9	14.9	10.9	11.3	10.7	6.4	3.34	7.14	9.44	10.2	13.5
P/S	0.38	0.62	0.41	0.67	0.76	0.63	0.39	0.66	0.89	0.7	0.56
P/B	0.79	1.4	0.89	1.28	1.19	1.2	0.74	1.11	1.52	1.12	0.78
EV/EBITDA	21.4	14.4	9.33	11.5	12	7.1	4.37	6.68	8.87	10.4	14.3
EV/Sales	0.95	0.98	0.73	0.95	1.02	0.88	0.69	0.81	1.05	0.94	0.94
Earnings yield	7.78%	6.71%	9.19%	8.83%	9.3%	15.6%	30%	14%	10.6%	9.82%	7.39%
FCF yield	13.5%	18.8%	11.6%	6.92%	8.85%	-2.12%	5.07%	24.9%	5.23%	6.58%	14.6%
PEG	—	—	—	—	—	—	—	—	—	—	-0.19

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	15.3%	16.5%	17.6%	18.4%	19.2%	21.8%	24.4%	21.4%	21.2%	18.8%	15.5%
Operating margin	4.46%	6.69%	7.81%	7.51%	7.84%	11.8%	15.3%	11.6%	11.3%	8.42%	5.97%
Net margin	2.94%	4.13%	3.75%	5.9%	7.08%	9.86%	11.8%	9.21%	9.45%	6.88%	4.39%
ROE	6.13%	9.38%	8.16%	11.3%	11.1%	18.7%	22.3%	15.5%	16.1%	11%	5.91%
ROA	2.06%	3.58%	3.36%	5.36%	5.53%	9.68%	12.3%	8.88%	9.44%	6.42%	2.69%
ROIC	3.01%	5.16%	4.6%	7.18%	7.08%	12.4%	14.1%	11.8%	11.7%	7.55%	4.56%
Return on tangible assets	2.06%	3.58%	3.36%	5.36%	5.53%	9.68%	12.3%	8.88%	9.44%	6.42%	4.02%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	8.49	7.75	6.82	7.3	7.88	6.96	6.73	6.87	6.97	7.28	6.18
Quick ratio	1.67	1.78	1.34	1.18	1.57	0.78	0.73	1.22	1.07	0.7	0.56
Debt / equity	1.53	1.21	0.99	0.73	0.67	0.57	0.65	0.45	0.42	0.44	0.55
Debt / assets	0.51	0.46	0.41	0.35	0.33	0.29	0.36	0.26	0.25	0.26	0.29
Net debt / EBITDA	12.9	5.36	4.15	3.44	3.09	2	1.87	1.27	1.35	2.63	4.88
Interest coverage	26.3	467.2	—	—	—	—	—	—	—	—	—
Effective tax rate	29.3%	37.7%	53.7%	22.8%	18.6%	18.8%	23.8%	23.5%	23%	22.6%	22.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	41.9	50.9	51.8	51.7	46.2	63.3	79.5	79.3	92.7	91.8	83.2
EPS (basic)	1.23	2.09	1.93	3.04	3.26	6.22	9.35	7.25	8.7	6.28	6.28
EPS (diluted)	1.12	1.85	1.71	2.85	3.13	6.01	9.09	7.03	8.45	6.15	3.55
Book value per share	20.1	22.4	23.8	27.1	29.5	33.4	42.1	47.1	54.3	57.4	61.9
FCF per share	2.15	5.88	2.44	2.39	3.12	-0.85	1.59	13	4.33	4.23	5.73
Cash per share	6.92	8.4	6.55	5.17	7.54	3.23	3.8	9	8.02	3.39	2.62
Capex per share	0.06	0.09	0.08	0.39	0.32	0.44	0.52	0.44	0.53	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.13%	0.19%	0.16%	0.76%	0.69%	0.69%	0.66%	0.55%	0.57%	—	—
Capex / operating cash flow	3.67%	1.66%	3.82%	15%	10.3%	-79.4%	29.9%	3.34%	10.4%	—	—
Payout ratio	8.13%	4.79%	5.22%	7.58%	12.8%	9.57%	6.42%	9.63%	10.9%	16%	28.2%
Dividend yield	0.63%	0.32%	0.48%	0.67%	1.2%	1.5%	1.92%	1.35%	1.16%	1.57%	2.09%

Yield

2.09%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Aug 6, 2026

Payout ratio

28%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 6, 2026	$0.25
May 7, 2026	$0.25
Feb 5, 2026	$0.25

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.6B	$1.7B	$1.5B	$1.7B	$1.8B	$2B	$1.4B	$1.5B	$1.6B	$1.7B	$1.1B	$1.1B
YoY change	-14%	-13.7%	+6.03%	-3.14%	+10.4%	+19.5%	-5.18%	-10.5%	-7.54%	-15.3%	-22.6%	-27.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	593M	720.9M	575.1M	454.9M	682.5M	292.1M	330.2M	727.3M	599.2M	230.4M
Receivables	1.8M	1.7M	2.9M	2.2M	2M	2.2M	3.5M	2.8M	5.4M	5.6M
Inventory	3.4B	3.3B	3.6B	3.7B	3.9B	4.8B	5.5B	5.1B	5.5B	5.7B
Total current assets	4.2B	4.2B	4.5B	4.4B	4.9B	5.4B	6.2B	6.2B	6.5B	6.3B
Property, plant & equipment	14.2M	19.5M	48.6M	65M	101.5M	103.8M	114.7M	113M	109.1M	119M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	5.1B	5B	5.1B	5B	5.4B	5.8B	6.7B	6.6B	6.9B	6.7B
Accounts payable	217.3M	214.4M	259.5M	264.8M	276M	374.5M	415.7M	390.1M	387.6M	354.5M
Short-term debt	—	—	—	—	—	—	507.5M	—	—	—
Total current liabilities	498.6M	546.5M	653.9M	604.9M	617.7M	777.3M	923.6M	908.9M	936.1M	861.2M
Long-term debt	2.6B	2.3B	2.1B	1.7B	1.8B	1.7B	1.9B	1.7B	1.7B	1.7B
Total liabilities	3.4B	3.1B	3B	2.6B	2.7B	2.8B	3B	2.8B	2.9B	2.8B
Shareholders' equity	1.7B	1.9B	2.1B	2.4B	2.7B	3B	3.7B	3.8B	4.1B	3.9B
Total debt	2.6B	2.3B	2.1B	1.7B	1.8B	1.7B	2.4B	1.7B	1.7B	1.7B
Net debt	2B	1.6B	1.5B	1.3B	1.1B	1.4B	2B	989.1M	1.1B	1.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	612.4M	727.3M	668.3M	644.3M	375.7M	599.2M	269.5M	310.9M	332.3M	230.4M	201.8M	200.8M
Receivables	327.8M	2.8M	2.5M	2.9M	3.7M	5.4M	3.6M	3.4M	4.3M	5.6M	3M	2.3M
Inventory	5.2B	5.1B	5.2B	5.3B	5.6B	5.5B	5.9B	5.9B	5.8B	5.7B	5.7B	5.7B
Total current assets	6.1B	6.2B	6.3B	6.4B	6.4B	6.5B	6.6B	6.6B	6.6B	6.3B	6.3B	6.3B
Property, plant & equipment	111.8M	113M	112.5M	111.6M	109M	109.1M	112.7M	115.7M	115.8M	119M	130.4M	130.9M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	6.6B	6.6B	6.7B	6.8B	6.8B	6.9B	7B	7B	7B	6.7B	6.7B	6.8B
Accounts payable	391.4M	390.1M	379.8M	398.2M	403.8M	387.6M	366.3M	362.3M	369.2M	354.5M	287.9M	305.5M
Short-term debt	—	—	—	—	—	—	—	—	250M	—	200M	275M
Total current liabilities	855.7M	908.9M	916.1M	924.2M	935.9M	936.1M	922.8M	932.3M	1.2B	861.2M	984M	1.1B
Long-term debt	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.8B	1.9B	1.7B	1.7B	1.7B	1.7B
Total liabilities	2.7B	2.8B	2.8B	2.8B	2.9B	2.9B	2.9B	3B	3.1B	2.8B	2.8B	3B
Shareholders' equity	3.8B	3.8B	3.9B	4B	4B	4.1B	4.1B	4B	3.9B	3.9B	3.9B	3.8B
Total debt	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.8B	1.9B	2B	1.7B	1.9B	2B
Net debt	1.1B	989.1M	1.1B	1.1B	1.3B	1.1B	1.5B	1.6B	1.6B	1.5B	1.7B	1.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	105.6M	180.6M	170.4M	268.8M	296.2M	564.7M	816.7M	590.2M	655M	428.8M
Depreciation & amortization	3.6M	2.8M	2.5M	27.2M	28.4M	28.6M	32.3M	36.4M	37.3M	37.3M
Stock-based compensation	16.9M	14.6M	15.9M	18.3M	21.5M	28.9M	29.5M	34.6M	34.5M	46.2M
Change in working capital	-46.5M	176.1M	-194M	-160.8M	-119M	-728.6M	-745.9M	357.1M	-370.2M	-237.8M
Operating cash flow	130.4M	486.1M	192.8M	231.2M	280M	-49.7M	151.4M	1.1B	377.1M	335.7M
Capital expenditure	-4.8M	-8.1M	-7.4M	-34.7M	-28.8M	-39.4M	-45.2M	-35.5M	-39.3M	—
Investing cash flow	-6.1M	-15.7M	-20.1M	-40.9M	-26.6M	-38.1M	-71.8M	-58.1M	-50.1M	-13.4M
Dividends paid	-8.6M	-8.6M	-8.9M	-20.4M	-38.1M	-54.1M	-52.5M	-56.8M	-71.6M	-68.6M
Share repurchases	-85.9M	0	-35M	0	0	-188.2M	-150M	-411.4M	-353.7M	-541.3M
Financing cash flow	-155.3M	-369.6M	-417.1M	-940.4M	-72.5M	-666.7M	-1.6B	-956.4M	-451.2M	-1.4B
Net change in cash	-30.9M	100.7M	-244.4M	-750.1M	180.9M	-754.4M	-1.5B	48.7M	-124.2M	-1.1B
Free cash flow	183.9M	505.1M	214.1M	210.6M	281.8M	-76.7M	138.2M	1B	323.4M	287.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	149.9M	150.3M	138.7M	168.4M	157.3M	190.6M	109.6M	107.9M	109.8M	101.5M	33.4M	27.3M
Depreciation & amortization	9.2M	9.4M	9.3M	9.5M	9.4M	9M	8.8M	9.2M	9.4M	9.9M	10.1M	10.4M
Stock-based compensation	9.2M	10.7M	7.9M	9.4M	8M	9.2M	7.6M	9.2M	8.4M	21.1M	6M	5.5M
Change in working capital	-6.4M	105.2M	-131.8M	-112.5M	-271.7M	145.7M	-469.3M	34.9M	56.1M	140.5M	-179.5M	-18.4M
Operating cash flow	167.2M	303M	27.3M	78.4M	-95.4M	366.8M	-342.5M	162M	197.7M	303.8M	-125.4M	31.9M
Capital expenditure	-8.1M	-9.1M	-9.5M	-10.3M	-9.5M	-10.1M	-11.2M	-11.5M	—	—	—	—
Investing cash flow	-13.8M	-13.3M	-12.6M	-18.1M	-9.2M	-12M	-10.7M	-9.8M	-9.9M	-5.8M	-4.7M	-2.6M
Dividends paid	-15.9M	-15.2M	-16.4M	-18.8M	-18.4M	-18M	-19.3M	-17.2M	-16.3M	-15.8M	-17.3M	-15.3M
Share repurchases	-82.5M	-161.8M	-50M	-50M	-150M	-103.7M	-50M	-200M	-188.5M	-102.8M	-50M	-80.1M
Financing cash flow	-268.6M	-182.2M	-83.8M	-69.6M	-169.5M	-128.3M	-65.2M	-317.2M	-329.8M	-821.6M	-35.8M	-195.7M
Net change in cash	-115.3M	107.5M	-69M	-9.3M	-274.1M	226.5M	-418.3M	-164.9M	-142M	-523.5M	-165.9M	-166.5M
Free cash flow	155.7M	301.1M	19.1M	51.2M	-99.4M	352.6M	-345.5M	156.9M	185.8M	290.1M	-138.6M	22.2M

KB Home Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history