NYSE : KBH
KB Home — Financial statements
Consumer Discretionary · Residential Construction · United States
Last price 47.66 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.90B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
KB Home (KBH) reported revenue of 5.18B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 5.16B | 6.21B | 6.90B | 6.38B | 6.88B | 5.71B |
| Other Revenue | 23.72M | 24.31M | 27.85M | 29.52M | 23.41M | 19.90M |
| Revenue | 5.18B | 6.24B | 6.93B | 6.41B | 6.90B | 5.72B |
| Cost of Revenue | 4.30B | 5.03B | 5.45B | 5.02B | 5.18B | 4.46B |
| Gross Profit | 886.74M | 1.22B | 1.50B | 1.40B | 1.74B | 1.29B |
| Selling, General & Admin | 586.76M | 646.18M | 686.85M | 632.09M | 629.64M | 574.38M |
| Operating Expenses | 586.76M | 646.18M | 686.85M | 632.09M | 629.64M | 574.38M |
| Operating Income | 299.98M | 574.09M | 817.39M | 769.65M | 1.11B | 711.73M |
| Interest & Investment Income | 5.22M | 7.39M | 19.59M | 13.76M | 704.00K | 1.05M |
| Earnings From Equity Investments | 4.65M | 5.71M | 6.02M | -713.00K | -865.00K | -405.00K |
| EBT Excluding Unusual Items | 309.85M | 587.19M | 843.00M | 782.70M | 1.11B | 712.37M |
| Gain (Loss) on Sale of Investments | 3.50M | 12.52M | ||||
| Asset Writedown | -24.42M | -32.05M | -4.60M | -11.42M | -34.76M | -11.95M |
| Other Unusual Items | -954.00K | -954.00K | -3.60M | -5.08M | ||
| Pretax Income | 287.97M | 554.19M | 850.92M | 771.28M | 1.07B | 695.35M |
| Income Tax Expense | 60.40M | 125.40M | 195.90M | 181.10M | 255.40M | 130.60M |
| Net Income | 227.57M | 428.79M | 655.02M | 590.18M | 816.67M | 564.75M |
| Preferred Dividends & Other Adjustments | 1.14M | 2.67M | 4.83M | 4.27M | 4.17M | 2.62M |
| Net Income to Common | 226.43M | 426.12M | 650.19M | 585.90M | 812.49M | 562.13M |
| Shares Outstanding (Basic) | 62.26M | 67.91M | 74.75M | 80.84M | 86.86M | 90.40M |
| Shares Outstanding (Diluted) | 63.32M | 69.25M | 76.95M | 83.38M | 89.35M | 93.59M |
| EPS (Basic) | 3.64 | 6.28 | 8.70 | 7.25 | 9.35 | 6.22 |
| EPS (Diluted) | 3.58 | 6.15 | 8.45 | 7.03 | 9.09 | 6.01 |
| Free Cash Flow | 28.66M | 287.28M | 323.41M | 1.05B | 138.18M | -76.69M |
| Free Cash Flow Per Share | 0.45 | 4.15 | 4.20 | 12.56 | 1.55 | -0.82 |
| Dividend Per Share | 1.00 | 1.00 | 0.95 | 0.70 | 0.60 | 0.60 |
| Gross Margin | 17.11% | 19.57% | 21.71% | 21.87% | 25.21% | 22.46% |
| Operating Margin | 5.79% | 9.21% | 11.79% | 12.01% | 16.09% | 12.43% |
| Profit Margin | 4.37% | 6.83% | 9.38% | 9.14% | 11.77% | 9.82% |
| Free Cash Flow Margin | 0.55% | 4.61% | 4.67% | 16.34% | 2.00% | -1.34% |
| EBITDA | 340.93M | 611.40M | 854.67M | 806.07M | 1.14B | 740.37M |
| EBITDA Margin | 6.58% | 9.80% | 12.33% | 12.57% | 16.55% | 12.93% |
| D&A For EBITDA | 40.96M | 37.30M | 37.27M | 36.41M | 32.32M | 28.64M |
| EBIT | 299.98M | 574.09M | 817.39M | 769.65M | 1.11B | 711.73M |
| EBIT Margin | 5.79% | 9.21% | 11.79% | 12.01% | 16.09% | 12.43% |
| Effective Tax Rate | 20.97% | 22.63% | 23.02% | 23.48% | 23.82% | 18.78% |
| Revenue as Reported | 5.18B | 6.24B | 6.93B | 6.41B | 6.90B | 5.72B |
| Advertising Expenses | 42.00M | 39.90M | 34.20M | 37.10M | 28.00M |
Balance sheet
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 159.02M | 228.61M | 597.97M | 727.08M | 328.52M | 290.76M |
| Cash & Short-Term Investments | 159.02M | 228.61M | 597.97M | 727.08M | 328.52M | 290.76M |
| Other Receivables | 385.07M | 341.17M | 366.87M | 353.57M | 305.16M | 290.51M |
| Receivables | 385.07M | 341.17M | 366.87M | 353.57M | 305.16M | 290.51M |
| Inventory | 5.98B | 5.67B | 5.53B | 5.13B | 5.54B | 4.80B |
| Finance Div. Loans and Leases | 42.58M | 44.67M | 43.61M | 37.18M | 31.07M | 26.27M |
| Finance Div. Other Current Assets | 1.04M | 1.83M | 1.22M | 266.00K | 1.68M | 1.37M |
| Prepaid Expenses | 21.86M | 14.98M | 17.80M | 15.88M | 15.64M | 6.34M |
| Other Current Assets | 12.72M | 9.47M | 10.67M | 13.29M | 17.61M | 13.68M |
| Total Current Assets | 6.60B | 6.31B | 6.57B | 6.28B | 6.24B | 5.43B |
| Property, Plant & Equipment | 130.92M | 118.95M | 109.06M | 113.03M | 114.70M | 103.82M |
| Long-Term Investments | 74.76M | 72.44M | 67.02M | 59.13M | 46.78M | 36.09M |
| Long-Term Deferred Tax Assets | 88.67M | 88.67M | 102.42M | 119.47M | 160.87M | 177.38M |
| Long-Term Deferred Charges | 4.35M | 1.55M | ||||
| Other Long-Term Assets | 56.53M | 75.36M | 69.42M | 56.38M | 55.59M | 68.75M |
| Total Assets | 6.97B | 6.68B | 6.94B | 6.65B | 6.65B | 5.84B |
| Accounts Payable | 319.52M | 351.26M | 384.89M | 388.45M | 412.52M | 371.83M |
| Accrued Expenses | 481.44M | 490.11M | 544.17M | 485.70M | 464.12M | 473.80M |
| Short-Term Debt | 150.00M | |||||
| Current Portion of Long-Term Debt | 299.52M | 349.47M | ||||
| Current Portion of Leases | 7.93M | |||||
| Finance Div. Other Current Liabilities | 2.01M | 3.18M | 2.69M | 1.59M | 3.04M | 2.48M |
| Current Income Taxes Payable | 1.85M | 3.67M | 8.29M | |||
| Other Current Liabilities | 101.81M | 101.25M | 96.03M | 98.00M | 101.89M | 96.15M |
| Total Current Liabilities | 1.20B | 953.73M | 1.03B | 975.60M | 1.14B | 1.30B |
| Long-Term Debt | 1.81B | 1.69B | 1.69B | 1.69B | 1.69B | 1.34B |
| Long-Term Leases | 30.97M | 11.87M | 20.89M | 26.58M | 27.58M | 29.48M |
| Long-Term Unearned Revenue | 29.69M | 28.03M | 44.03M | 58.91M | 76.74M | 71.03M |
| Other Long-Term Liabilities | 93.06M | 92.78M | 91.17M | 87.23M | 63.06M | 78.36M |
| Total Liabilities | 3.17B | 2.78B | 2.88B | 2.84B | 2.99B | 2.82B |
| Common Stock | 63.97M | 74.48M | 74.41M | 101.28M | 100.71M | 100.71M |
| Additional Paid-In Capital | 843.57M | 863.72M | 862.05M | 845.69M | 836.26M | 848.62M |
| Retained Earnings | 3.08B | 3.63B | 3.27B | 3.68B | 3.14B | 2.38B |
| Treasury Stock | -185.32M | -663.44M | -141.56M | -737.36M | -341.46M | -217.38M |
| Comprehensive Income & Other | -3.54M | -3.54M | -3.70M | -76.39M | -78.29M | -91.84M |
| Shareholders' Equity | 3.80B | 3.90B | 4.06B | 3.81B | 3.66B | 3.02B |
| Total Liabilities & Equity | 6.97B | 6.68B | 6.94B | 6.65B | 6.65B | 5.84B |
| Total Debt | 2.14B | 1.71B | 1.71B | 1.72B | 1.87B | 1.71B |
| Net Cash (Debt) | -1.98B | -1.48B | -1.11B | -989.40M | -1.54B | -1.42B |
| Net Cash Per Share | -31.29 | -21.43 | -14.48 | -11.87 | -17.21 | -15.21 |
| Filing Date Shares Outstanding | 60.76M | 63.17M | 72.16M | 75.87M | 83.99M | 88.22M |
| Total Common Shares Outstanding | 60.76M | 63.17M | 72.16M | 75.87M | 83.99M | 88.22M |
| Working Capital | 5.40B | 5.36B | 5.54B | 5.31B | 5.11B | 4.13B |
| Book Value Per Share | 62.56 | 61.75 | 56.27 | 50.22 | 43.59 | 34.23 |
| Tangible Book Value | 3.80B | 3.90B | 4.06B | 3.81B | 3.66B | 3.02B |
| Tangible Book Value Per Share | 62.56 | 61.75 | 56.27 | 50.22 | 43.59 | 34.23 |
| Machinery | 120.36M | 102.91M | 99.86M | 100.28M | 87.70M | |
| Leasehold Improvements | 23.02M | 22.28M | 19.82M | 18.91M | 17.92M | |
| Order Backlog | 1.40B | 2.24B |
Cash flow statement
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 227.57M | 428.79M | 655.02M | 590.18M | 816.67M | 564.75M |
| Depreciation & Amortization | 40.96M | 37.30M | 37.27M | 36.41M | 32.32M | 28.64M |
| Other Amortization | 4.12M | 3.64M | 3.48M | 3.38M | 2.32M | 2.85M |
| Asset Writedown & Restructuring Costs | 15.53M | 15.53M | 24.08M | 9.90M | ||
| Loss (Gain) From Sale of Investments | -3.53M | -12.52M | ||||
| Loss (Gain) on Equity Investments | 1.44M | 10.73M | -6.42M | 8.19M | -8.90M | -4.67M |
| Stock-Based Compensation | 32.41M | 46.24M | 34.47M | 34.61M | 29.46M | 28.90M |
| Other Operating Activities | 23.60M | 31.23M | 21.65M | 52.82M | 33.33M | 60.89M |
| Change in Accounts Receivable | -34.91M | 5.00M | 16.59M | -12.92M | -19.89M | -32.01M |
| Change in Inventory | -175.92M | -179.46M | -385.80M | 426.81M | -785.56M | -897.75M |
| Change in Accounts Payable | -60.52M | -75.17M | -7.24M | -62.20M | 53.10M | 181.62M |
| Change in Other Net Operating Assets | 4.21M | 11.85M | 6.21M | 5.42M | 6.48M | 19.58M |
| Operating Cash Flow | 74.96M | 335.68M | 362.72M | 1.08B | 183.42M | -37.30M |
| Capital Expenditures | -46.30M | -48.40M | -39.31M | -35.47M | -45.23M | -39.40M |
| Investment in Securities | 11.39M | -13.40M | -10.81M | -22.59M | -26.54M | 1.31M |
| Investing Cash Flow | -34.91M | -61.80M | -50.12M | -58.06M | -71.77M | -38.08M |
| Long-Term Debt Issued | 740.00M | 170.00M | 2.40B | 730.00M | ||
| Total Debt Issued | 1.08B | 740.00M | 170.00M | 2.40B | 730.00M | |
| Long-Term Debt Repaid | -740.07M | -917.00K | -323.84M | -2.24B | -797.33M | |
| Total Debt Repaid | -920.71M | -740.07M | -917.00K | -323.84M | -2.24B | -797.33M |
| Net Debt Issued (Repaid) | 164.29M | -73.00K | -917.00K | -153.84M | 155.84M | -67.33M |
| Issuance of Common Stock | 6.11M | 1.07M | 10.43M | 8.86M | 11.69M | |
| Repurchase of Common Stock | -309.28M | -565.17M | -378.71M | -425.68M | -165.90M | -200.51M |
| Common Dividends Paid | -63.51M | -68.57M | -71.55M | -56.83M | -52.45M | -54.05M |
| Other Financing Activities | -9.89M | -9.89M | -11.06M | -4.81M | ||
| Financing Cash Flow | -212.29M | -642.63M | -440.75M | -627.49M | -73.58M | -315.01M |
| Net Cash Flow | -172.24M | -368.75M | -128.15M | 397.14M | 38.06M | -390.39M |
| Free Cash Flow | 28.66M | 287.28M | 323.41M | 1.05B | 138.18M | -76.69M |
| Free Cash Flow Margin | 0.55% | 4.61% | 4.67% | 16.34% | 2.00% | -1.34% |
| Free Cash Flow Per Share | 0.45 | 4.15 | 4.20 | 12.56 | 1.55 | -0.82 |
| Levered Free Cash Flow | -27.36M | 200.86M | 184.63M | 870.84M | -27.66M | -324.87M |
| Unlevered Free Cash Flow | -31.49M | 197.22M | 181.14M | 867.46M | -29.98M | -327.73M |
| Cash Interest Paid | 8.60M | 585.00K | 598.00K | 7.09M | ||
| Cash Income Tax Paid | 47.68M | 113.27M | 191.23M | 142.23M | 248.52M | 28.82M |
| Change in Working Capital | -267.14M | -237.78M | -370.24M | 357.11M | -745.87M | -728.56M |
Ratios
Fiscal year December - November; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.91B | 4.17B | 6.07B | 4.13B | 2.69B | 3.50B |
| Enterprise Value | 4.89B | 5.80B | 7.41B | 5.24B | 4.55B | 5.04B |
| Last Close Price | 47.94 | 63.47 | 80.28 | 49.88 | 29.61 | 37.04 |
| PE Ratio | 13.41 | 9.78 | 9.33 | 7.05 | 3.31 | 6.22 |
| Forward PE | 14.00 | 11.04 | 9.41 | 7.72 | 4.16 | 5.44 |
| PS Ratio | 0.56 | 0.67 | 0.88 | 0.65 | 0.39 | 0.61 |
| PB Ratio | 0.77 | 1.07 | 1.49 | 1.08 | 0.73 | 1.16 |
| P/TBV Ratio | 0.77 | 1.07 | 1.49 | 1.08 | 0.73 | 1.16 |
| P/FCF Ratio | 101.64 | 14.50 | 18.76 | 3.95 | 19.44 | |
| P/OCF Ratio | 38.86 | 12.41 | 16.73 | 3.82 | 14.65 | |
| PEG Ratio | 4.05 | 0.68 | 0.65 | 0.58 | 0.14 | |
| EV/Sales Ratio | 0.94 | 0.93 | 1.07 | 0.82 | 0.66 | 0.88 |
| EV/EBITDA Ratio | 14.35 | 9.49 | 8.66 | 6.50 | 3.98 | 6.81 |
| EV/EBIT Ratio | 16.31 | 10.10 | 9.06 | 6.80 | 4.10 | 7.09 |
| EV/FCF Ratio | 170.76 | 20.19 | 22.90 | 5.00 | 32.92 | |
| Debt / Equity Ratio | 0.56 | 0.44 | 0.42 | 0.45 | 0.51 | 0.57 |
| Debt / EBITDA Ratio | 5.91 | 2.71 | 1.96 | 2.07 | 1.60 | 2.26 |
| Debt / FCF Ratio | 74.67 | 5.96 | 5.29 | 1.64 | 13.50 | |
| Net Debt / Equity Ratio | 0.52 | 0.38 | 0.27 | 0.26 | 0.42 | 0.47 |
| Net Debt / EBITDA Ratio | 5.81 | 2.43 | 1.30 | 1.23 | 1.34 | 1.92 |
| Net Debt / FCF Ratio | 69.12 | 5.17 | 3.45 | 0.94 | 11.13 | -18.56 |
| Asset Turnover | 0.74 | 0.92 | 1.02 | 0.96 | 1.11 | 1.02 |
| Inventory Turnover | 0.73 | 0.90 | 1.02 | 0.94 | 1.00 | 1.02 |
| Quick Ratio | 0.49 | 0.65 | 0.98 | 1.15 | 0.59 | 0.47 |
| Current Ratio | 5.48 | 6.62 | 6.39 | 6.44 | 5.50 | 4.17 |
| Return on Equity (ROE) | 5.91% | 10.77% | 16.64% | 15.80% | 24.45% | 19.87% |
| Return on Assets (ROA) | 2.69% | 5.27% | 7.52% | 7.23% | 11.12% | 7.95% |
| Return on Invested Capital (ROIC) | 4.17% | 8.41% | 12.62% | 11.78% | 17.55% | 14.08% |
| Return on Capital Employed (ROCE) | 5.20% | 10.00% | 13.80% | 13.60% | 20.10% | 15.70% |
| Earnings Yield | 7.46% | 10.29% | 10.79% | 14.28% | 30.40% | 16.14% |
| FCF Yield | 0.98% | 6.89% | 5.33% | 25.34% | 5.14% | -2.19% |
| Dividend Yield | 2.09% | 1.52% | 1.13% | 1.29% | 1.88% | 1.51% |
| Payout Ratio | 27.96% | 15.99% | 10.92% | 9.63% | 6.42% | 9.57% |
| Buyback Yield / Dilution | 11.77% | 10.01% | 7.71% | 6.68% | 4.53% | 0.53% |
| Total Shareholder Return | 13.85% | 11.52% | 8.84% | 7.96% | 6.40% | 2.04% |