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KB Home (KBH) Financials

KB Home logo
$45.08 -1.81 (-3.86%)
Closing price 05/15/2026 03:59 PM Eastern
Extended Trading
$45.04 -0.05 (-0.10%)
As of 05/15/2026 07:55 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for KB Home

Annual Income Statements for KB Home

This table shows KB Home's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2015 11/30/2016 11/30/2017 11/30/2018 11/30/2019 11/30/2020 11/30/2021 11/30/2022 11/30/2023 11/30/2024 11/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 85 106 181 167 269 296 565 817 590 655 429
Consolidated Net Income / (Loss)		 85 106 181 170 269 296 565 817 590 655 429
Net Income / (Loss) Continuing Operations		 85 106 181 167 269 296 565 817 590 655 429
Total Pre-Tax Income 		127 149 290 368 348 364 695 1,072 771 851 554
Total Operating Income		 146 160 292 355 342 328 676 1,055 743 786 525
Total Gross Profit		 489 550 719 799 844 803 1,256 1,690 1,380 1,479 1,178
Total Revenue		 3,032 3,595 4,369 4,547 4,553 4,183 5,725 6,904 6,411 6,930 6,236
Operating Revenue		 3,032 3,595 4,369 4,547 4,553 4,183 5,725 6,904 6,411 6,930 6,236
Total Cost of Revenue		 2,543 3,045 3,650 3,748 3,709 3,380 4,469 5,213 5,030 5,451 5,059
Operating Cost of Revenue		 2,543 3,045 3,650 3,748 3,709 3,380 4,469 5,213 5,030 5,451 5,059
Total Operating Expenses		 343 389 430 448 502 475 579 635 638 693 652
Selling, General & Admin Expense		 343 389 430 448 502 475 579 635 638 693 652
Total Other Income / (Expense), net		 -19 -11 3.44 13 6.04 36 19 17 29 65 29
Interest Expense		 22 5.90 0.62 0.00 6.80 0.00 5.08 3.60 0.00 0.00 0.95
Interest & Investment Income		 2.95 -5.07 4.07 13 13 36 24 21 29 65 30
Income Tax Expense		 42 44 109 198 79 68 131 255 181 196 125
Basic Earnings per Share		 $0.92 $1.23 $2.09 $1.93 $3.04 $3.26 $6.22 $9.35 $7.25 $8.70 $6.28
Weighted Average Basic Shares Outstanding		 92.05M 85.71M 85.84M 87.77M 88.00M 90.46M 90.40M 86.86M 80.84M 74.75M 67.91M
Diluted Earnings per Share		 $0.85 $1.12 $1.85 $1.71 $2.85 $3.13 $6.01 $9.09 $7.03 $8.45 $6.15
Weighted Average Diluted Shares Outstanding		 102.86M 96.28M 98.32M 101.06M 93.84M 94.09M 93.59M 89.35M 83.38M 76.96M 69.25M
Weighted Average Basic & Diluted Shares Outstanding		 92M 85.90M 85.84M 86.93M 89.61M 91.64M 88.22M 83.99M 75.87M 72.16M 63.17M
Cash Dividends to Common per Share		 $0.10 $0.10 $0.10 $0.10 $0.23 $0.42 $0.60 $0.60 $0.70 $0.95 $1.00

Quarterly Income Statements for KB Home

This table shows KB Home's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 8/31/2023 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 150 150 139 168 157 191 110 108 110 102 33
Consolidated Net Income / (Loss)		 150 150 139 168 157 191 110 108 110 102 33
Net Income / (Loss) Continuing Operations		 150 150 139 168 157 191 110 108 110 102 33
Total Pre-Tax Income 		195 200 175 221 207 248 139 142 143 129 40
Total Operating Income		 185 189 162 195 194 234 131 135 136 124 36
Total Gross Profit		 347 353 321 368 367 423 284 300 299 294 169
Total Revenue		 1,587 1,674 1,468 1,710 1,753 2,000 1,392 1,530 1,620 1,694 1,077
Operating Revenue		 1,587 1,674 1,468 1,710 1,753 2,000 1,392 1,530 1,620 1,694 1,077
Total Cost of Revenue		 1,240 1,321 1,147 1,342 1,386 1,577 1,107 1,230 1,321 1,400 908
Operating Cost of Revenue		 1,240 1,321 1,147 1,342 1,386 1,577 1,107 1,230 1,321 1,400 908
Total Operating Expenses		 162 165 159 173 173 188 154 165 164 170 133
Selling, General & Admin Expense		 162 165 159 173 173 188 154 165 164 170 133
Total Other Income / (Expense), net		 9.53 11 12 26 13 13 8.82 7.62 7.63 4.86 3.94
Interest & Investment Income		 9.53 11 12 26 13 13 8.82 7.62 7.63 5.82 3.94
Income Tax Expense		 45 49 36 53 50 57 30 35 33 28 6.90
Basic Earnings per Share		 $1.86 $1.90 $1.81 $2.21 $2.10 $2.58 $1.52 $1.53 $1.64 $1.59 $0.53
Weighted Average Basic Shares Outstanding		 80.18M 80.84M 75.89M 75.65M 74.48M 74.75M 71.54M 69.98M 66.37M 67.91M 62.66M
Diluted Earnings per Share		 $1.80 $1.84 $1.76 $2.15 $2.04 $2.50 $1.49 $1.50 $1.61 $1.55 $0.52
Weighted Average Diluted Shares Outstanding		 82.73M 83.38M 78.26M 77.81M 76.63M 76.96M 73.01M 71.23M 67.74M 69.25M 63.73M
Weighted Average Basic & Diluted Shares Outstanding		 79.32M 75.87M 75.92M 75.20M 73.33M 72.16M 71.73M 68.05M 64.76M 63.17M 62.65M
Cash Dividends to Common per Share		 $0.20 - $0.20 $0.25 $0.25 - $0.25 $0.25 $0.25 - $0.25

Annual Cash Flow Statements for KB Home

This table details how cash moves in and out of KB Home's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2015 11/30/2016 11/30/2017 11/30/2018 11/30/2019 11/30/2020 11/30/2021 11/30/2022 11/30/2023 11/30/2024 11/30/2025
Net Change in Cash & Equivalents		 202 33 128 -146 -120 228 -390 38 397 -128 -369
Net Cash From Operating Activities		 181 189 513 222 251 311 -37 183 1,083 363 336
Net Cash From Continuing Operating Activities		 181 189 513 222 251 311 -37 183 1,083 363 336
Net Income / (Loss) Continuing Operations		 85 106 181 170 269 296 565 817 590 655 429
Consolidated Net Income / (Loss)		 85 106 181 170 269 296 565 817 590 655 429
Depreciation Expense		 3.41 3.64 2.79 2.53 27 28 29 32 36 37 37
Amortization Expense		 7.74 7.58 6.57 6.23 4.43 2.50 2.85 2.32 3.38 3.48 3.64
Non-Cash Adjustments To Reconcile Net Income		 24 75 42 45 38 52 41 61 54 20 90
Changes in Operating Assets and Liabilities, net		 61 -3.25 281 -2.15 -87 -69 -675 -729 399 -353 -224
Net Cash From Investing Activities		 -11 -6.08 -16 -20 -41 -27 -38 -72 -58 -50 -62
Net Cash From Continuing Investing Activities		 -11 -6.08 -16 -20 -41 -27 -38 -72 -58 -50 -62
Purchase of Property, Plant & Equipment		 -4.68 -4.78 -8.09 -7.37 -40 -29 -39 -45 -35 -39 -48
Acquisitions		 -21 -5.60 -19 -23 -11 -10 -12 -28 -28 -15 -16
Sale and/or Maturity of Investments		 14 4.31 11 9.93 5.00 13 13 1.90 5.10 3.70 2.97
Net Cash From Financing Activities		 32 -150 -370 -347 -330 -56 -315 -74 -627 -441 -643
Net Cash From Continuing Financing Activities		 32 -150 -370 -347 -330 -56 -315 -74 -627 -441 -643
Repayment of Debt		 -209 -59 -378 -385 -1,648 -25 -802 -2,250 -324 -0.92 -750
Repurchase of Common Equity		 -0.57 -86 0.00 -35 0.00 0.00 -188 -150 -411 -354 -541
Payment of Dividends		 -9.19 -8.59 -8.64 -8.89 -20 -38 -54 -52 -57 -72 -69
Issuance of Debt		 250 0.00 0.00 70 1,315 0.00 730 2,395 170 0.00 740
Issuance of Common Equity		 0.74 5.34 23 20 31 16 12 0.00 8.86 10 1.07
Other Financing Activities, net		 0.16 -2.24 -5.72 -8.48 -7.29 -9.50 -12 -16 -14 -25 -24

Quarterly Cash Flow Statements for KB Home

This table details how cash moves in and out of KB Home's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 8/31/2023 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026
Net Change in Cash & Equivalents		 55 115 -59 -24 -269 224 -330 41 21 -102 -29
Net Cash From Operating Activities		 164 310 29 61 -90 363 -334 168 198 304 -125
Net Cash From Continuing Operating Activities		 164 310 29 61 -90 363 -334 168 198 304 -125
Net Income / (Loss) Continuing Operations		 150 150 139 168 157 191 110 108 110 102 33
Consolidated Net Income / (Loss)		 150 150 139 168 157 191 110 108 110 102 33
Depreciation Expense		 9.23 9.43 9.34 9.51 9.42 9.01 8.82 9.22 9.41 9.86 10
Amortization Expense		 0.85 0.86 0.86 0.87 0.87 0.88 0.89 0.90 0.90 0.95 1.05
Non-Cash Adjustments To Reconcile Net Income		 5.84 18 9.11 -7.57 14 5.09 16 16 21 37 9.50
Changes in Operating Assets and Liabilities, net		 -2.06 132 -129 -110 -271 157 -469 35 56 154 -179
Net Cash From Investing Activities		 -14 -13 -13 -16 -9.16 -12 -11 -9.75 -22 -20 -18
Net Cash From Continuing Investing Activities		 -14 -13 -13 -16 -9.16 -12 -11 -9.75 -22 -20 -18
Purchase of Property, Plant & Equipment		 -8.09 -9.06 -9.45 -10 -9.47 -10 -11 -12 -12 -14 -13
Acquisitions		 -5.75 -4.23 -3.14 -7.80 -1.67 -1.90 0.00 - -11 -5.77 -4.75
Sale and/or Maturity of Investments		 - - 0.00 1.71 1.99 - 0.56 1.76 0.65 - 0.00
Net Cash From Financing Activities		 -95 -182 -75 -69 -169 -127 15 -117 -155 -386 115
Net Cash From Continuing Financing Activities		 -95 -182 -75 -69 -169 -127 15 -117 -155 -386 115
Repayment of Debt		 -0.19 -0.66 -0.92 -0.82 -1.08 1.91 -80 -100 -125 -445 -150
Repurchase of Common Equity		 -83 -162 -50 -50 -150 -104 -50 -200 -188 -103 -50
Payment of Dividends		 -16 -15 -16 -19 -18 -18 -19 -17 -16 -16 -17
Issuance of Debt		 - - 0.00 - - - 180 200 175 185 350
Issuance of Common Equity		 3.60 0.25 8.80 0.47 - 1.16 0.45 - 0.21 0.42 0.48
Other Financing Activities, net		 - -4.49 -17 - - -8.51 -16 - - -7.98 -18

Annual Balance Sheets for KB Home

This table presents KB Home's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2015 11/30/2016 11/30/2017 11/30/2018 11/30/2019 11/30/2020 11/30/2021 11/30/2022 11/30/2023 11/30/2024 11/30/2025
Total Assets		 5,087 5,132 5,042 5,074 5,015 5,356 5,836 6,652 6,648 6,936 6,680
Total Current Assets		 4,131 4,228 4,228 4,451 4,409 4,855 5,401 6,200 6,231 6,510 6,257
Cash & Equivalents		 560 593 721 575 455 683 292 330 727 599 230
Accounts Receivable		 248 232 244 293 249 275 306 326 370 383 356
Inventories, net		 3,314 3,403 3,263 3,583 3,705 3,897 4,803 5,543 5,134 5,528 5,671
Plant, Property, & Equipment, net		 0.00 0.00 0.00 24 65 66 76 89 88 90 101
Total Noncurrent Assets		 943 894 801 595 519 436 358 363 329 336 321
Long-Term Investments		 72 64 65 71 71 58 52 73 78 89 86
Noncurrent Deferred & Refundable Income Taxes		 782 739 634 442 364 231 177 161 119 102 89
Other Noncurrent Operating Assets		 89 91 102 83 83 147 129 129 131 144 147
Total Liabilities & Shareholders' Equity		 5,087 5,132 5,042 5,074 5,015 5,356 5,836 6,652 6,648 6,936 6,680
Total Liabilities		 3,394 3,406 3,114 2,985 2,630 2,688 2,814 2,988 2,837 2,873 2,776
Total Current Liabilities		 793 766 789 924 882 941 1,129 1,149 1,147 1,181 1,083
Accounts Payable		 184 215 213 258 263 273 372 413 388 385 351
Accrued Expenses		 609 551 576 666 619 668 757 737 758 796 732
Total Noncurrent Liabilities		 2,604 2,642 2,326 2,062 1,751 1,750 1,688 1,842 1,692 1,694 1,696
Long-Term Debt		 2,602 2,640 2,325 2,060 1,749 1,747 1,685 1,839 1,690 1,692 1,693
Other Noncurrent Operating Liabilities		 1.82 2.00 0.97 1.50 2.06 2.63 2.69 3.13 1.65 2.72 3.21
Total Equity & Noncontrolling Interests		 1,691 1,723 1,926 2,088 2,383 2,666 3,019 3,661 3,810 4,061 3,901
Total Preferred & Common Equity		 1,691 1,723 1,926 2,088 2,383 2,666 3,019 3,661 3,810 4,061 3,901
Total Common Equity		 1,691 1,723 1,926 2,088 2,383 2,666 3,026 3,661 3,810 4,061 3,901
Common Stock		 798 813 845 873 916 924 949 937 947 936 938
Retained Earnings		 1,467 1,564 1,736 1,897 2,157 1,869 2,379 3,144 3,677 3,269 3,630
Treasury Stock		 -447 -535 -541 -584 -591 -28 -217 -341 -737 -142 -663
Accumulated Other Comprehensive Income / (Loss)		 -17 -16 -17 -9.57 -16 -22 -19 -5.58 -3.67 -3.70 -3.54

Quarterly Balance Sheets for KB Home

This table presents KB Home's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 8/31/2022 2/28/2023 5/31/2023 8/31/2023 2/29/2024 5/31/2024 8/31/2024 2/28/2025 5/31/2025 8/31/2025 2/28/2026
Total Assets		 6,731 6,514 6,483 6,577 6,683 6,806 6,840 6,979 7,018 6,986 6,703
Total Current Assets		 6,281 6,058 6,031 6,126 6,269 6,354 6,402 6,563 6,599 6,562 6,266
Cash & Equivalents		 197 261 557 612 668 644 376 269 311 332 202
Accounts Receivable		 347 352 345 328 357 375 377 351 375 391 360
Inventories, net		 5,737 5,445 5,129 5,186 5,244 5,335 5,649 5,943 5,913 5,839 5,704
Plant, Property, & Equipment, net		 86 89 90 89 88 89 89 93 95 98 105
Total Noncurrent Assets		 364 367 362 362 326 362 349 323 324 326 333
Long-Term Investments		 72 79 75 82 80 91 83 80 75 82 90
Noncurrent Deferred & Refundable Income Taxes		 156 156 150 146 117 114 114 102 102 102 89
Other Noncurrent Operating Assets		 135 132 137 134 129 157 152 141 146 141 154
Total Liabilities & Shareholders' Equity		 6,731 6,514 6,483 6,577 6,683 6,806 6,840 6,979 7,018 6,986 6,703
Total Liabilities		 3,237 5,636 2,715 2,745 2,800 2,812 2,851 2,884 3,024 3,080 2,846
Total Current Liabilities		 1,206 1,028 1,029 1,055 1,107 1,117 1,160 1,092 1,131 1,137 953
Accounts Payable		 450 350 361 390 379 397 402 364 359 366 286
Accrued Expenses		 755 679 668 665 728 721 758 728 772 770 667
Total Noncurrent Liabilities		 2,034 4,607 1,688 1,691 1,694 1,697 1,693 1,795 1,896 1,947 1,895
Long-Term Debt		 2,031 1,789 1,687 1,690 1,693 1,695 1,691 1,792 1,893 1,944 1,893
Other Noncurrent Operating Liabilities		 3.09 2,819 1.20 1.48 0.86 1.57 2.03 2.29 2.95 2.98 1.93
Total Equity & Noncontrolling Interests		 3,491 3,695 3,766 3,830 3,883 3,992 3,987 4,093 3,991 3,902 3,855
Total Preferred & Common Equity		 3,491 3,695 3,766 3,830 3,883 3,992 3,987 4,093 3,991 3,902 3,855
Total Common Equity		 3,491 3,695 3,766 3,830 3,883 3,992 3,987 4,093 3,991 3,902 3,855
Common Stock		 943 921 932 945 942 951 958 909 915 923 911
Retained Earnings		 2,940 3,257 3,408 3,542 3,799 3,949 4,088 3,360 3,450 3,544 3,646
Treasury Stock		 -300 -404 -495 -578 -782 -831 -983 -172 -371 -561 -699
Accumulated Other Comprehensive Income / (Loss)		 -19 -5.58 -5.58 -5.58 -3.67 -3.67 -3.67 -3.70 -3.70 -3.70 -3.54

Annual Metrics And Ratios for KB Home

This table displays calculated financial ratios and metrics derived from KB Home's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 11/30/2015 11/30/2016 11/30/2017 11/30/2018 11/30/2019 11/30/2020 11/30/2021 11/30/2022 11/30/2023 11/30/2024 11/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 26.28% 18.56% 21.53% 4.09% 0.13% -8.12% 36.86% 20.59% -7.14% 8.10% -10.01%
EBITDA Growth		 17.79% 9.16% 75.86% 20.64% 2.71% -4.00% 97.26% 53.98% -28.20% 5.63% -31.48%
EBIT Growth		 17.87% 9.82% 82.32% 21.51% -3.65% -4.17% 106.24% 56.03% -29.62% 5.80% -33.14%
NOPAT Growth		 -91.88% 16.59% 60.52% -9.67% 60.65% 1.02% 105.84% 46.34% -29.30% 6.44% -32.80%
Net Income Growth		 -90.78% 24.78% 70.99% -5.66% 57.76% 10.22% 90.64% 44.61% -27.73% 10.99% -34.54%
EPS Growth		 -90.81% 31.76% 65.18% -7.57% 66.67% 9.82% 92.01% 51.25% -22.66% 20.20% -27.22%
Operating Cash Flow Growth		 128.73% 4.12% 172.04% -56.84% 13.33% 23.76% -112.00% 591.79% 490.29% -66.50% -7.45%
Free Cash Flow Firm Growth		 129.90% -64.90% 669.11% -72.09% 52.10% -2.10% -178.14% 149.23% 1,325.87% -75.78% -17.93%
Invested Capital Growth		 -1.63% 1.60% -6.58% 1.32% 2.39% 2.51% 18.71% 16.87% -7.88% 7.88% 4.22%
Revenue Q/Q Growth		 6.68% 6.08% 5.08% -1.19% 4.84% 20.50% -9.41% 3.99% -3.98% 4.93% -4.67%
EBITDA Q/Q Growth		 35.10% -8.04% 33.84% -2.54% 14.42% 4.17% 5.67% 6.45% -10.76% 5.83% -16.16%
EBIT Q/Q Growth		 38.68% -8.58% 35.67% -2.60% 13.63% 4.86% 5.86% 6.57% -11.42% 6.21% -17.33%
NOPAT Q/Q Growth		 -91.13% -5.29% 31.16% 7.51% 12.94% 15.96% 1.46% 5.99% -11.53% 6.77% -16.91%
Net Income Q/Q Growth		 -90.53% -5.79% 35.00% 7.91% 10.86% 18.69% 0.79% 5.45% -10.07% 6.56% -17.20%
EPS Q/Q Growth		 -90.55% -4.27% 34.06% 15.54% 7.95% -5.44% 14.69% 6.44% -7.86% 8.47% -13.38%
Operating Cash Flow Q/Q Growth		 183.60% 87.42% 30.08% -38.54% 111.18% -57.58% 81.24% 326.25% -8.24% 16.91% -14.91%
Free Cash Flow Firm Q/Q Growth		 -22.25% 399.47% 35.88% -56.71% 414.34% -69.11% 39.82% 131.55% -9.28% 36.45% -30.58%
Invested Capital Q/Q Growth		 -4.45% -6.33% -8.45% -4.15% -6.93% 4.71% 1.91% -2.98% -2.72% -2.98% -2.83%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 16.13% 15.29% 16.45% 17.58% 18.53% 19.19% 21.93% 24.49% 21.53% 21.34% 18.88%
EBITDA Margin		 5.18% 4.77% 6.90% 8.00% 8.21% 8.58% 12.36% 15.78% 12.20% 11.92% 9.08%
Operating Margin		 4.81% 4.46% 6.69% 7.81% 7.51% 7.84% 11.81% 15.28% 11.58% 11.34% 8.42%
EBIT Margin		 4.81% 4.46% 6.69% 7.81% 7.51% 7.84% 11.81% 15.28% 11.58% 11.34% 8.42%
Profit (Net Income) Margin		 2.79% 2.94% 4.13% 3.75% 5.90% 7.08% 9.86% 11.83% 9.21% 9.45% 6.88%
Tax Burden Percent		 66.63% 70.73% 62.28% 46.30% 77.20% 81.38% 81.22% 76.18% 76.52% 76.98% 77.37%
Interest Burden Percent		 87.04% 93.15% 99.23% 103.63% 101.77% 111.04% 102.83% 101.62% 103.87% 108.31% 105.51%
Effective Tax Rate		 33.37% 29.27% 37.72% 53.70% 22.80% 18.62% 18.78% 23.82% 23.48% 23.02% 22.63%
Return on Invested Capital (ROIC)		 2.65% 3.09% 5.09% 4.73% 7.46% 7.35% 13.67% 17.00% 11.61% 12.39% 7.86%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.03% 2.70% 5.01% 5.14% 7.82% 10.02% 15.00% 17.93% 13.50% 17.72% 9.74%
Return on Net Nonoperating Assets (RNNOA)		 2.50% 3.10% 4.81% 3.76% 4.57% 4.38% 6.19% 7.45% 4.19% 4.25% 2.91%
Return on Equity (ROE)		 5.15% 6.19% 9.90% 8.49% 12.02% 11.74% 19.87% 24.45% 15.80% 16.64% 10.77%
Cash Return on Invested Capital (CROIC)		 4.29% 1.51% 11.90% 3.42% 5.10% 4.87% -3.44% 1.44% 19.81% 4.81% 3.73%
Operating Return on Assets (OROA)		 2.97% 3.14% 5.75% 7.02% 6.78% 6.32% 12.08% 16.90% 11.17% 11.57% 7.72%
Return on Assets (ROA)		 1.72% 2.07% 3.55% 3.37% 5.33% 5.71% 10.09% 13.08% 8.87% 9.64% 6.30%
Return on Common Equity (ROCE)		 5.15% 6.19% 9.90% 8.49% 12.02% 11.74% 19.89% 24.47% 15.80% 16.64% 10.77%
Return on Equity Simple (ROE_SIMPLE)		 5.01% 6.13% 9.38% 8.16% 11.28% 11.11% 18.70% 22.31% 15.49% 16.13% 0.00%
Net Operating Profit after Tax (NOPAT)		 97 113 182 164 264 267 549 804 568 605 406
NOPAT Margin		 3.21% 3.15% 4.17% 3.62% 5.80% 6.38% 9.59% 11.64% 8.86% 8.73% 6.52%
Net Nonoperating Expense Percent (NNEP)		 0.62% 0.40% 0.08% -0.41% -0.36% -2.67% -1.33% -0.94% -1.90% -5.33% -1.88%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 14.61% 10.33% 10.51% 7.27%
Cost of Revenue to Revenue		 83.87% 84.71% 83.55% 82.42% 81.47% 80.81% 78.07% 75.51% 78.47% 78.66% 81.12%
SG&A Expenses to Revenue		 11.31% 10.83% 9.84% 9.85% 11.02% 11.35% 10.12% 9.20% 9.95% 10.00% 10.46%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 11.31% 10.83% 9.84% 9.85% 11.02% 11.35% 10.12% 9.20% 9.95% 10.00% 10.46%
Earnings before Interest and Taxes (EBIT)		 146 160 292 355 342 328 676 1,055 743 786 525
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 157 172 302 364 374 359 708 1,090 782 826 566
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.69 0.71 1.28 0.82 1.30 1.22 1.19 0.77 1.07 1.49 1.07
Price to Tangible Book Value (P/TBV)		 0.69 0.71 1.28 0.82 1.30 1.22 1.19 0.77 1.07 1.49 1.07
Price to Revenue (P/Rev)		 0.39 0.34 0.57 0.38 0.68 0.78 0.63 0.41 0.64 0.88 0.67
Price to Earnings (P/E)		 13.80 11.53 13.69 10.25 11.54 10.98 6.39 3.45 6.91 9.26 9.72
Dividend Yield		 0.79% 0.70% 0.35% 0.52% 1.41% 1.26% 1.57% 1.97% 1.36% 1.15% 1.55%
Earnings Yield		 7.25% 8.67% 7.31% 9.76% 8.67% 9.11% 15.66% 29.00% 14.47% 10.80% 10.29%
Enterprise Value to Invested Capital (EV/IC)		 0.86 0.87 1.16 0.89 1.21 1.16 1.13 0.83 1.06 1.40 1.05
Enterprise Value to Revenue (EV/Rev)		 1.03 0.89 0.92 0.69 0.95 1.02 0.86 0.62 0.77 1.02 0.89
Enterprise Value to EBITDA (EV/EBITDA)		 19.91 18.66 13.30 8.58 11.57 11.88 6.99 3.90 6.34 8.56 9.79
Enterprise Value to EBIT (EV/EBIT)		 21.43 19.97 13.73 8.79 12.64 12.99 7.32 4.03 6.68 9.00 10.55
Enterprise Value to NOPAT (EV/NOPAT)		 32.17 28.23 22.04 18.99 16.37 15.97 9.01 5.29 8.73 11.69 13.64
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.27 16.97 7.82 14.09 17.22 13.71 0.00 23.18 4.58 19.49 16.51
Enterprise Value to Free Cash Flow (EV/FCFF)		 19.86 57.89 9.43 26.30 23.95 24.10 0.00 62.51 5.12 30.11 28.76
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.54 1.53 1.21 0.99 0.73 0.66 0.56 0.50 0.44 0.42 0.43
Long-Term Debt to Equity		 1.54 1.53 1.21 0.99 0.73 0.66 0.56 0.50 0.44 0.42 0.43
Financial Leverage		 1.23 1.15 0.96 0.73 0.58 0.44 0.41 0.42 0.31 0.24 0.30
Leverage Ratio		 3.00 2.99 2.79 2.52 2.26 2.05 1.97 1.87 1.78 1.73 1.71
Compound Leverage Factor		 2.61 2.79 2.77 2.61 2.30 2.28 2.02 1.90 1.85 1.87 1.80
Debt to Total Capital		 60.61% 60.51% 54.69% 49.67% 42.32% 39.59% 35.82% 33.43% 30.73% 29.41% 30.27%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 60.61% 60.51% 54.69% 49.67% 42.32% 39.59% 35.82% 33.43% 30.73% 29.41% 30.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 39.39% 39.49% 45.31% 50.33% 57.68% 60.41% 64.33% 66.57% 69.27% 70.59% 69.73%
Debt to EBITDA		 16.56 15.39 7.71 5.66 4.68 4.87 2.38 1.69 2.16 2.05 2.99
Net Debt to EBITDA		 12.48 11.56 5.10 3.89 3.27 2.81 1.89 1.32 1.13 1.21 2.43
Long-Term Debt to EBITDA		 16.56 15.39 7.71 5.66 4.68 4.87 2.38 1.69 2.16 2.05 2.99
Debt to NOPAT		 26.76 23.29 12.77 12.53 6.62 6.55 3.07 2.29 2.97 2.80 4.17
Net Debt to NOPAT		 20.16 17.49 8.46 8.60 4.63 3.77 2.44 1.79 1.56 1.66 3.39
Long-Term Debt to NOPAT		 26.76 23.29 12.77 12.53 6.62 6.55 3.07 2.29 2.97 2.80 4.17
Altman Z-Score		 2.09 2.25 2.83 2.83 3.29 3.07 3.58 3.70 3.89 4.22 3.78
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.12% -0.10% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.21 5.52 5.36 4.82 5.00 5.16 4.79 5.39 5.43 5.51 5.78
Quick Ratio		 1.02 1.08 1.22 0.94 0.80 1.02 0.53 0.57 0.96 0.83 0.54
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 158 55 425 119 181 177 -138 68 970 235 193
Operating Cash Flow to CapEx		 3,873.96% 3,943.46% 6,347.79% 3,005.59% 724.40% 1,077.21% -94.66% 405.49% 3,052.61% 922.70% 693.56%
Free Cash Flow to Firm to Interest Expense		 7.21 9.37 683.78 0.00 26.55 0.00 -27.22 18.90 0.00 0.00 202.05
Operating Cash Flow to Interest Expense		 8.29 31.98 825.11 0.00 36.92 0.00 -7.35 50.98 0.00 0.00 351.87
Operating Cash Flow Less CapEx to Interest Expense		 8.08 31.16 812.11 0.00 31.82 0.00 -15.11 38.41 0.00 0.00 301.13
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.62 0.70 0.86 0.90 0.90 0.81 1.02 1.11 0.96 1.02 0.92
Accounts Receivable Turnover		 16.24 14.99 18.36 16.93 16.80 15.98 19.71 21.83 18.42 18.42 16.87
Inventory Turnover		 0.78 0.91 1.10 1.09 1.02 0.89 1.03 1.01 0.94 1.02 0.90
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 101.94 64.07 80.71 83.41 72.21 77.58 65.02
Accounts Payable Turnover		 14.27 15.26 17.02 15.90 14.24 12.61 13.85 13.29 12.56 14.10 13.74
Days Sales Outstanding (DSO)		 22.48 24.35 19.88 21.55 21.72 22.85 18.52 16.72 19.81 19.82 21.63
Days Inventory Outstanding (DIO)		 468.77 402.59 333.34 333.38 358.58 410.41 355.27 362.18 387.36 356.92 404.02
Days Payable Outstanding (DPO)		 25.58 23.92 21.44 22.96 25.63 28.94 26.35 27.46 29.06 25.89 26.56
Cash Conversion Cycle (CCC)		 465.67 403.02 331.78 331.98 354.68 404.32 347.44 351.44 378.11 350.85 399.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3,639 3,697 3,453 3,499 3,583 3,673 4,360 5,096 4,694 5,064 5,278
Invested Capital Turnover		 0.83 0.98 1.22 1.31 1.29 1.15 1.43 1.46 1.31 1.42 1.21
Increase / (Decrease) in Invested Capital		 -60 58 -243 46 84 90 687 736 -401 370 214
Enterprise Value (EV)		 3,128 3,201 4,011 3,122 4,324 4,260 4,947 4,251 4,962 7,071 5,543
Market Capitalization		 1,168 1,218 2,472 1,707 3,102 3,253 3,607 2,816 4,078 6,068 4,166
Book Value per Share		 $18.36 $20.33 $22.27 $23.62 $24.76 $27.24 $32.13 $39.67 $48.04 $55.37 $60.23
Tangible Book Value per Share		 $18.36 $20.33 $22.27 $23.62 $24.76 $27.24 $32.13 $39.67 $48.04 $55.37 $60.23
Total Capital		 4,293 4,363 4,251 4,148 4,132 4,413 4,705 5,499 5,500 5,752 5,594
Total Debt		 2,602 2,640 2,325 2,060 1,749 1,747 1,685 1,839 1,690 1,692 1,693
Total Long-Term Debt		 2,602 2,640 2,325 2,060 1,749 1,747 1,685 1,839 1,690 1,692 1,693
Net Debt		 1,961 1,983 1,539 1,415 1,222 1,007 1,340 1,435 884 1,003 1,377
Capital Expenditures (CapEx)		 4.68 4.78 8.09 7.37 35 29 39 45 35 39 48
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2,769 2,869 2,718 2,951 3,072 3,231 3,980 4,720 4,357 4,730 4,944
Debt-free Net Working Capital (DFNWC)		 3,339 3,462 3,439 3,526 3,527 3,914 4,273 5,050 5,084 5,329 5,174
Net Working Capital (NWC)		 3,339 3,462 3,439 3,526 3,527 3,914 4,273 5,050 5,084 5,329 5,174
Net Nonoperating Expense (NNE)		 13 7.76 1.40 -5.96 -4.66 -29 -16 -13 -22 -50 -22
Net Nonoperating Obligations (NNO)		 1,948 1,974 1,527 1,412 1,199 1,007 1,340 1,435 884 1,003 1,377
Total Depreciation and Amortization (D&A)		 11 11 9.36 8.76 32 31 31 35 40 41 41
Debt-free, Cash-free Net Working Capital to Revenue		 91.33% 79.80% 62.22% 64.91% 67.48% 77.24% 69.53% 68.37% 67.96% 68.25% 79.28%
Debt-free Net Working Capital to Revenue		 110.12% 96.30% 78.72% 77.56% 77.47% 93.56% 74.63% 73.15% 79.31% 76.90% 82.97%
Net Working Capital to Revenue		 110.12% 96.30% 78.72% 77.56% 77.47% 93.56% 74.63% 73.15% 79.31% 76.90% 82.97%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.92 $1.23 $2.09 $1.93 $3.04 $3.26 $6.22 $9.35 $7.25 $8.70 $6.28
Adjusted Weighted Average Basic Shares Outstanding		 92.05M 85.71M 85.84M 87.77M 88.00M 90.46M 90.40M 86.86M 80.84M 74.75M 67.91M
Adjusted Diluted Earnings per Share		 $0.85 $1.12 $1.85 $1.71 $2.85 $3.13 $6.01 $9.09 $7.03 $8.45 $6.15
Adjusted Weighted Average Diluted Shares Outstanding		 102.86M 96.28M 98.32M 101.06M 93.84M 94.09M 93.59M 89.35M 83.38M 76.96M 69.25M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 92.28M 85.07M 87.05M 86.93M 89.61M 91.64M 88.22M 83.99M 75.87M 72.16M 63.17M
Normalized Net Operating Profit after Tax (NOPAT)		 97 113 182 249 264 267 549 804 568 605 406
Normalized NOPAT Margin		 3.21% 3.15% 4.17% 5.47% 5.80% 6.38% 9.59% 11.64% 8.86% 8.73% 6.52%
Pre Tax Income Margin		 4.19% 4.15% 6.64% 8.09% 7.65% 8.70% 12.15% 15.53% 12.03% 12.28% 8.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.68 27.17 469.83 0.00 50.31 0.00 133.24 293.23 0.00 0.00 550.58
NOPAT to Interest Expense		 4.45 19.22 292.59 0.00 38.84 0.00 108.21 223.37 0.00 0.00 426.00
EBIT Less CapEx to Interest Expense		 6.46 26.36 456.84 0.00 45.22 0.00 125.48 280.65 0.00 0.00 499.84
NOPAT Less CapEx to Interest Expense		 4.24 18.41 279.59 0.00 33.74 0.00 100.45 210.80 0.00 0.00 375.26
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 10.85% 8.13% 4.79% 5.22% 7.58% 12.85% 9.57% 6.42% 9.63% 10.92% 15.99%
Augmented Payout Ratio		 11.52% 89.50% 4.79% 25.79% 7.58% 12.85% 42.89% 24.79% 79.34% 64.92% 142.23%

Quarterly Metrics And Ratios for KB Home

This table displays calculated financial ratios and metrics derived from KB Home's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 8/31/2023 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026
DEI Shares Outstanding		 - - - - - - - - - - 62,648,246.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 62,648,246.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.53
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -13.98% -13.71% 6.03% -3.14% 10.43% 19.47% -5.18% -10.54% -7.54% -15.28% -22.62%
EBITDA Growth		 -42.40% -32.18% 1.14% -5.78% 4.70% 22.90% -18.65% -29.46% -28.57% -44.68% -66.09%
EBIT Growth		 -43.87% -33.67% 0.80% -6.29% 4.85% 24.36% -19.52% -30.90% -30.10% -46.96% -72.12%
NOPAT Growth		 -44.73% -34.25% 3.43% -6.70% 3.18% 27.08% -20.30% -31.26% -29.33% -45.84% -70.61%
Net Income Growth		 -41.28% -30.55% 10.49% 2.42% 4.93% 26.81% -20.99% -35.94% -30.19% -46.74% -69.49%
EPS Growth		 -37.06% -24.59% 21.38% 10.82% 13.33% 35.87% -15.34% -30.23% -21.08% -38.00% -65.10%
Operating Cash Flow Growth		 80.36% -23.87% -69.63% -88.06% -154.89% 16.91% -1,272.32% 173.99% 319.90% -16.21% 62.50%
Free Cash Flow Firm Growth		 179.50% 204.54% -192.17% -95.68% -143.42% -134.87% 74.46% -2,689.83% 56.51% 38.81% 118.13%
Invested Capital Growth		 -8.12% -7.88% 107.48% 2.73% 8.17% 7.88% 14.67% 11.01% 4.05% 4.22% -1.44%
Revenue Q/Q Growth		 -10.10% 5.48% -12.32% 16.49% 2.50% 14.11% -30.41% 9.90% 5.94% 4.56% -36.44%
EBITDA Q/Q Growth		 -10.51% 1.91% -13.29% 19.14% -0.55% 19.62% -42.60% 3.31% 0.71% -7.35% -64.82%
EBIT Q/Q Growth		 -11.10% 1.90% -13.96% 20.23% -0.53% 20.86% -44.32% 3.24% 0.62% -8.29% -70.74%
NOPAT Q/Q Growth		 -10.44% -0.44% -9.29% 15.35% -0.95% 22.62% -43.11% -0.50% 1.83% -6.03% -69.13%
Net Income Q/Q Growth		 -8.82% 0.25% -7.74% 21.46% -6.58% 21.15% -42.52% -1.53% 1.80% -7.56% -67.08%
EPS Q/Q Growth		 -7.22% 2.22% -4.35% 22.16% -5.12% 22.55% -40.40% 0.67% 7.33% -3.73% -66.45%
Operating Cash Flow Q/Q Growth		 -68.18% 89.37% -90.81% 115.57% -246.26% 503.32% -192.19% 150.38% 17.39% 53.67% -141.26%
Free Cash Flow Firm Q/Q Growth		 43.65% -4.53% -536.51% 100.72% -1,544.14% 23.33% -219.73% 26.84% 75.75% -7.87% 194.73%
Invested Capital Q/Q Growth		 0.10% -2.72% 2.84% 2.58% 5.41% -2.98% 9.32% -0.70% -1.20% -2.83% 3.38%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 21.84% 21.12% 21.89% 21.51% 20.94% 21.13% 20.43% 19.58% 18.47% 17.37% 15.69%
EBITDA Margin		 12.29% 11.88% 11.75% 12.01% 11.65% 12.22% 10.08% 9.47% 9.00% 7.98% 4.42%
Operating Margin		 11.66% 11.26% 11.05% 11.41% 11.07% 11.72% 9.38% 8.81% 8.37% 7.34% 3.38%
EBIT Margin		 11.66% 11.26% 11.05% 11.41% 11.07% 11.72% 9.38% 8.81% 8.37% 7.34% 3.38%
Profit (Net Income) Margin		 9.45% 8.98% 9.45% 9.85% 8.98% 9.53% 7.87% 7.05% 6.78% 5.99% 3.10%
Tax Burden Percent		 77.07% 75.30% 79.39% 76.17% 75.85% 76.95% 78.62% 75.77% 76.68% 78.56% 82.89%
Interest Burden Percent		 105.15% 105.88% 107.69% 113.39% 106.94% 105.66% 106.76% 105.66% 105.63% 103.91% 110.82%
Effective Tax Rate		 22.93% 24.70% 20.61% 23.83% 24.15% 23.05% 21.38% 24.23% 23.32% 21.44% 17.11%
Return on Invested Capital (ROIC)		 11.91% 11.11% 15.93% 11.45% 11.04% 12.81% 9.75% 8.53% 7.88% 6.95% 3.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.44% 11.83% 11.26% 13.42% 11.95% 13.89% 10.33% 9.00% 8.31% 7.28% 3.23%
Return on Net Nonoperating Assets (RNNOA)		 4.68% 3.67% -0.63% 3.48% 3.41% 3.33% 3.09% 2.78% 2.91% 2.18% 1.24%
Return on Equity (ROE)		 16.59% 14.78% 15.30% 14.93% 14.44% 16.14% 12.85% 11.31% 10.79% 9.13% 4.26%
Cash Return on Invested Capital (CROIC)		 21.21% 19.81% -53.90% 8.81% 3.43% 4.81% -2.51% -0.25% 5.21% 3.73% 7.53%
Operating Return on Assets (OROA)		 11.70% 10.86% 10.88% 11.05% 10.90% 11.96% 9.41% 8.51% 7.92% 6.72% 2.92%
Return on Assets (ROA)		 9.48% 8.66% 9.30% 9.55% 8.84% 9.72% 7.90% 6.81% 6.41% 5.49% 2.69%
Return on Common Equity (ROCE)		 16.59% 14.78% 15.30% 14.93% 14.44% 16.14% 12.85% 11.31% 10.79% 9.13% 4.26%
Return on Equity Simple (ROE_SIMPLE)		 17.13% 0.00% 15.54% 15.21% 15.42% 0.00% 15.29% 14.17% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 143 142 129 149 147 180 103 102 104 98 30
NOPAT Margin		 8.98% 8.48% 8.77% 8.69% 8.39% 9.02% 7.37% 6.68% 6.42% 5.77% 2.80%
Net Nonoperating Expense Percent (NNEP)		 -0.53% -0.72% 4.67% -1.97% -0.92% -1.08% -0.58% -0.47% -0.42% -0.32% -0.21%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.58% - - - 3.14% 1.74% 1.74% 1.78% 1.75% 0.52%
Cost of Revenue to Revenue		 78.16% 78.88% 78.11% 78.49% 79.06% 78.87% 79.57% 80.42% 81.53% 82.63% 84.31%
SG&A Expenses to Revenue		 10.18% 9.85% 10.84% 10.10% 9.88% 9.41% 11.05% 10.77% 10.10% 10.03% 12.31%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 10.18% 9.85% 10.84% 10.10% 9.88% 9.41% 11.05% 10.77% 10.10% 10.03% 12.31%
Earnings before Interest and Taxes (EBIT)		 185 189 162 195 194 234 131 135 136 124 36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 195 199 172 205 204 244 140 145 146 135 48
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.05 1.07 1.35 1.34 1.58 1.49 1.08 0.93 1.11 1.07 1.04
Price to Tangible Book Value (P/TBV)		 1.05 1.07 1.35 1.34 1.58 1.49 1.08 0.93 1.11 1.07 1.04
Price to Revenue (P/Rev)		 0.60 0.64 0.81 0.83 0.95 0.88 0.64 0.55 0.66 0.67 0.68
Price to Earnings (P/E)		 6.15 6.91 8.67 8.80 10.24 9.26 7.03 6.54 8.35 9.72 11.39
Dividend Yield		 1.30% 1.36% 1.14% 1.21% 1.08% 1.15% 1.64% 1.94% 1.57% 1.55% 1.57%
Earnings Yield		 16.25% 14.47% 11.53% 11.37% 9.76% 10.80% 14.22% 15.28% 11.98% 10.29% 8.78%
Enterprise Value to Invested Capital (EV/IC)		 1.04 1.06 1.28 1.27 1.44 1.40 1.06 0.95 1.08 1.05 1.03
Enterprise Value to Revenue (EV/Rev)		 0.75 0.77 0.95 0.98 1.14 1.02 0.85 0.78 0.89 0.89 0.95
Enterprise Value to EBITDA (EV/EBITDA)		 5.74 6.34 7.88 8.17 9.64 8.56 7.36 7.10 8.67 9.79 11.86
Enterprise Value to EBIT (EV/EBIT)		 6.00 6.68 8.31 8.63 10.18 9.00 7.75 7.51 9.21 10.55 13.03
Enterprise Value to NOPAT (EV/NOPAT)		 7.84 8.73 10.79 11.22 13.29 11.69 10.10 9.78 11.97 13.64 16.82
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.27 4.58 6.07 11.18 24.26 19.49 0.00 48.73 14.84 16.51 10.31
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.71 5.12 0.00 14.64 43.73 30.11 0.00 0.00 21.08 28.76 13.58
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.44 0.44 0.44 0.42 0.42 0.42 0.44 0.47 0.50 0.43 0.49
Long-Term Debt to Equity		 0.44 0.44 0.44 0.42 0.42 0.42 0.44 0.47 0.50 0.43 0.49
Financial Leverage		 0.38 0.31 -0.06 0.26 0.29 0.24 0.30 0.31 0.35 0.30 0.38
Leverage Ratio		 1.82 1.78 1.74 1.71 1.72 1.73 1.71 1.73 1.75 1.71 1.72
Compound Leverage Factor		 1.91 1.88 1.88 1.94 1.84 1.82 1.83 1.83 1.85 1.78 1.91
Debt to Total Capital		 30.61% 30.73% 30.36% 29.81% 29.78% 29.41% 30.46% 32.17% 33.25% 30.27% 32.94%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 30.61% 30.73% 30.36% 29.81% 29.78% 29.41% 30.46% 32.17% 33.25% 30.27% 32.94%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 69.39% 69.27% 69.64% 70.19% 70.22% 70.59% 69.54% 67.83% 66.75% 69.73% 67.06%
Debt to EBITDA		 1.93 2.16 2.16 2.20 2.17 2.05 2.26 2.58 2.88 2.99 4.00
Net Debt to EBITDA		 1.14 1.13 1.20 1.24 1.58 1.21 1.82 2.05 2.26 2.43 3.38
Long-Term Debt to EBITDA		 1.93 2.16 2.16 2.20 2.17 2.05 2.26 2.58 2.88 2.99 4.00
Debt to NOPAT		 2.63 2.97 2.96 3.02 2.99 2.80 3.10 3.56 3.97 4.17 5.67
Net Debt to NOPAT		 1.55 1.56 1.65 1.71 2.18 1.66 2.49 2.83 3.13 3.39 4.79
Long-Term Debt to NOPAT		 2.63 2.97 2.96 3.02 2.99 2.80 3.10 3.56 3.97 4.17 5.67
Altman Z-Score		 3.67 3.61 3.90 3.92 4.14 3.96 3.57 3.37 3.49 3.59 3.46
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 5.80 5.43 5.66 5.69 5.52 5.51 6.01 5.83 5.77 5.78 6.58
Quick Ratio		 0.89 0.96 0.93 0.91 0.65 0.83 0.57 0.61 0.64 0.54 0.59
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 569 543 -2,372 17 -247 -189 -606 -443 -107 -116 110
Operating Cash Flow to CapEx		 2,025.14% 3,425.09% 301.65% 596.85% -949.05% 3,596.56% -2,979.69% 1,463.28% 1,664.62% 2,203.19% -948.03%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.00 0.96 0.98 0.97 0.98 1.02 1.00 0.97 0.95 0.92 0.87
Accounts Receivable Turnover		 19.79 18.42 18.32 17.90 18.73 18.42 19.34 17.81 17.04 16.87 16.65
Inventory Turnover		 0.95 0.94 0.95 0.97 0.96 1.02 0.97 0.94 0.91 0.90 0.83
Fixed Asset Turnover		 76.35 72.21 73.05 71.93 74.22 77.58 75.65 72.43 70.03 65.02 60.02
Accounts Payable Turnover		 12.40 12.56 13.98 13.34 13.12 14.10 14.57 14.02 13.64 13.74 14.95
Days Sales Outstanding (DSO)		 18.44 19.81 19.92 20.39 19.48 19.82 18.87 20.49 21.42 21.63 21.92
Days Inventory Outstanding (DIO)		 382.70 387.36 382.94 378.19 380.65 356.92 377.19 387.31 400.41 404.02 437.41
Days Payable Outstanding (DPO)		 29.44 29.06 26.11 27.37 27.81 25.89 25.05 26.03 26.77 26.56 24.41
Cash Conversion Cycle (CCC)		 371.70 378.11 376.75 371.21 372.32 350.85 371.00 381.77 395.07 399.09 434.92
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,825 4,694 4,828 4,952 5,220 5,064 5,536 5,497 5,431 5,278 5,456
Invested Capital Turnover		 1.33 1.31 1.82 1.32 1.31 1.42 1.32 1.28 1.23 1.21 1.08
Increase / (Decrease) in Invested Capital		 -427 -401 2,501 131 394 370 708 545 211 214 -80
Enterprise Value (EV)		 5,033 4,962 6,178 6,303 7,528 7,071 5,845 5,207 5,853 5,543 5,618
Market Capitalization		 4,038 4,078 5,233 5,342 6,295 6,068 4,402 3,700 4,325 4,166 4,017
Book Value per Share		 $47.51 $48.04 $51.16 $52.58 $53.02 $55.37 $56.72 $55.63 $57.35 $60.23 $61.02
Tangible Book Value per Share		 $47.51 $48.04 $51.16 $52.58 $53.02 $55.37 $56.72 $55.63 $57.35 $60.23 $61.02
Total Capital		 5,520 5,500 5,575 5,687 5,678 5,752 5,885 5,883 5,846 5,594 5,748
Total Debt		 1,690 1,690 1,693 1,695 1,691 1,692 1,792 1,893 1,944 1,693 1,893
Total Long-Term Debt		 1,690 1,690 1,693 1,695 1,691 1,692 1,792 1,893 1,944 1,693 1,893
Net Debt		 995 884 945 960 1,233 1,003 1,443 1,507 1,529 1,377 1,601
Capital Expenditures (CapEx)		 8.09 9.06 9.45 10 9.47 10 11 12 12 14 13
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4,458 4,357 4,494 4,593 4,866 4,730 5,202 5,157 5,093 4,944 5,111
Debt-free Net Working Capital (DFNWC)		 5,071 5,084 5,162 5,237 5,242 5,329 5,471 5,468 5,425 5,174 5,313
Net Working Capital (NWC)		 5,071 5,084 5,162 5,237 5,242 5,329 5,471 5,468 5,425 5,174 5,313
Net Nonoperating Expense (NNE)		 -7.34 -8.34 -9.90 -20 -10 -10 -6.93 -5.77 -5.85 -3.82 -3.26
Net Nonoperating Obligations (NNO)		 995 884 945 960 1,233 1,003 1,443 1,507 1,529 1,377 1,601
Total Depreciation and Amortization (D&A)		 10 10 10 10 10 9.89 9.70 10 10 11 11
Debt-free, Cash-free Net Working Capital to Revenue		 66.77% 67.96% 69.20% 71.33% 73.69% 68.25% 75.90% 77.27% 77.85% 79.28% 86.32%
Debt-free Net Working Capital to Revenue		 75.95% 79.31% 79.49% 81.34% 79.38% 76.90% 79.83% 81.93% 82.93% 82.97% 89.73%
Net Working Capital to Revenue		 75.95% 79.31% 79.49% 81.34% 79.38% 76.90% 79.83% 81.93% 82.93% 82.97% 89.73%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.86 $1.90 $1.81 $2.21 $2.10 $2.58 $1.52 $1.53 $1.64 $1.59 $0.53
Adjusted Weighted Average Basic Shares Outstanding		 80.18M 80.84M 75.89M 75.65M 74.48M 74.75M 71.54M 69.98M 66.37M 67.91M 62.66M
Adjusted Diluted Earnings per Share		 $1.80 $1.84 $1.76 $2.15 $2.04 $2.50 $1.49 $1.50 $1.61 $1.55 $0.52
Adjusted Weighted Average Diluted Shares Outstanding		 82.73M 83.38M 78.26M 77.81M 76.63M 76.96M 73.01M 71.23M 67.74M 69.25M 63.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 79.32M 75.87M 75.92M 75.20M 73.33M 72.16M 71.73M 68.05M 64.76M 63.17M 62.65M
Normalized Net Operating Profit after Tax (NOPAT)		 143 142 129 149 147 180 103 102 104 98 30
Normalized NOPAT Margin		 8.98% 8.48% 8.77% 8.69% 8.39% 9.02% 7.37% 6.68% 6.42% 5.77% 2.80%
Pre Tax Income Margin		 12.26% 11.92% 11.90% 12.93% 11.84% 12.39% 10.01% 9.31% 8.84% 7.63% 3.74%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 8.25% 9.63% 10.06% 10.91% 11.18% 10.92% 11.90% 12.90% 13.68% 15.99% 18.86%
Augmented Payout Ratio		 53.90% 79.34% 74.11% 67.61% 78.18% 64.92% 68.41% 101.99% 118.37% 142.23% 172.36%

Financials Breakdown Chart

Key Financial Trends

KB Home (NYSE: KBH) has shown a pattern of revenue fluctuation over the last four years, with solid cash flow and dividend discipline, but margin pressure and some year-over-year top-line softness in 2025. Below are the key trends drawn from the quarterly statements provided.

  • Strong operating cash flow in the latest quarters, with net cash from continuing operating activities of about $303.8 million in Q4 2025 (and $362.6 million in Q4 2024), signaling robust cash generation relative to earnings.
  • Earnings power remains evident: net income attributable to common shareholders runs around $100–110 million per quarter in 2025 (Q4 2025: $101.5 million; Q3 2025: $109.8 million; Q2 2025: $107.9 million; Q1 2025: $109.6 million).
  • Shareholder returns via dividends are stable, with a consistent quarterly cash dividend of $0.25 per share.
  • Healthy liquidity profile in the latest period: in Q3 2025, current assets were about $6.56 billion against current liabilities of roughly $1.14 billion, a current ratio well above 5x.
  • Revenue and gross profit show some deceleration in 2025: Q4 2025 operating revenue was about $1.694 billion, down from roughly $1.95 billion in Q4 2024.
  • Gross margin compression in 2025: Q4 2025 gross margin around 17.4% versus about 21.7% in Q4 2024, indicating higher costs or mix effects.
  • Earnings per share declined in 2025 versus 2024: Q4 2025 basic EPS $1.59 and diluted $1.55, versus Q4 2024 EPS of $2.58 (basic) and $2.50 (diluted).
  • Revenue softness year-over-year in 2025 relative to 2024, signaling a challenging housing market cycle and potential volume headwinds.
  • Cash flow from financing activities has been negative in several quarters due to debt repayments and share repurchases, reducing cash on hand (for example, Q4 2025 net cash from financing activities around -$386.1 million).
  • Elevated inventories in multiple periods, reflecting the typical seasonality and cycle of homebuilding and tying up working capital.
05/17/26 09:05 PM ETAI Generated. May Contain Errors.

KB Home Financials - Frequently Asked Questions

According to the most recent income statement we have on file, KB Home's fiscal year ends in November. Their fiscal year 2025 ended on November 30, 2025.

KB Home's net income appears to be on an upward trend, with a most recent value of $428.79 million in 2025, rising from $84.64 million in 2015. The previous period was $655.02 million in 2024. Check out KB Home's forecast to explore projected trends and price targets.

KB Home's total operating income in 2025 was $525.25 million, based on the following breakdown:
  • Total Gross Profit: $1.18 billion
  • Total Operating Expenses: $652.30 million

Over the last 10 years, KB Home's total revenue changed from $3.03 billion in 2015 to $6.24 billion in 2025, a change of 105.7%.

KB Home's total liabilities were at $2.78 billion at the end of 2025, a 3.4% decrease from 2024, and a 18.2% decrease since 2015.

In the past 10 years, KB Home's cash and equivalents has ranged from $230.44 million in 2025 to $727.34 million in 2023, and is currently $230.44 million as of their latest financial filing in 2025.

Over the last 10 years, KB Home's book value per share changed from 18.36 in 2015 to 60.23 in 2025, a change of 228.0%.


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Financial statements for NYSE:KBH last updated on 4/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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