KB Home Financials
This page shows KB Home (KBH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
KB Home's revenue declined 10% year-over-year, from $6.9B to $6.2B. This contraction results in a growth score of 0/100.
KB Home carries a low D/E ratio of 0.71, meaning only $0.71 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 85/100, indicating a strong balance sheet with room for future borrowing.
KB Home's free cash flow margin of 4.6% results in a low score of 23/100. Capital expenditures of $48.4M absorb a large share of operating cash flow.
KB Home's ROE of 11.0% shows moderate profitability relative to equity, earning a score of 44/100. This is down from 16.1% the prior year.
KB Home passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, KB Home generates $0.78 in operating cash flow ($335.7M OCF vs $428.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
KB Home generated $6.2B in revenue in fiscal year 2025. This represents a decrease of 10.0% from the prior year.
KB Home generated $287.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 11.2% from the prior year.
KB Home reported $428.8M in net income in fiscal year 2025. This represents a decrease of 34.5% from the prior year.
KB Home earned $6.15 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 27.2% from the prior year.
KB Home held $230.4M in cash against $0 in long-term debt as of fiscal year 2025.
KB Home paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 5.3% from the prior year.
KB Home had 63M shares outstanding in fiscal year 2025. This represents a decrease of 12.4% from the prior year.
KB Home's net profit margin was 6.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
KB Home's ROE was 11.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.1 percentage points from the prior year.
KB Home spent $541.3M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 53.0% from the prior year.
KB Home invested $48.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 23.1% from the prior year.
KBH Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B+4.6% | $1.6B+5.9% | $1.5B+9.9% | $1.4B-30.4% | $2.0B+14.1% | $1.8B+2.5% | $1.7B+16.5% | $1.5B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $27.7M-17.1% | $33.4M-3.2% | $34.5M+15.8% | $29.8M-47.8% | $57.1M+14.0% | $50.1M-4.9% | $52.7M+46.4% | $36.0M |
| Net Income | $101.5M-7.6% | $109.8M+1.8% | $107.9M-1.5% | $109.6M-42.5% | $190.6M+21.2% | $157.3M-6.6% | $168.4M+21.5% | $138.7M |
| EPS (Diluted) | $1.55-3.7% | $1.61+7.3% | $1.50+0.7% | $1.49-40.4% | $2.50+22.5% | $2.04-5.1% | $2.15+22.2% | $1.76 |
KBH Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.7B-4.4% | $7.0B-0.5% | $7.0B+0.5% | $7.0B+0.6% | $6.9B+1.4% | $6.8B+0.5% | $6.8B+1.8% | $6.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $230.4M-30.7% | $332.3M+6.9% | $310.9M+15.4% | $269.5M-55.0% | $599.2M+59.5% | $375.7M-41.7% | $644.3M-3.6% | $668.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.8B-9.9% | $3.1B+1.9% | $3.0B+4.9% | $2.9B+0.4% | $2.9B+0.8% | $2.9B+1.4% | $2.8B+0.5% | $2.8B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.9B0.0% | $3.9B-2.2% | $4.0B-2.5% | $4.1B+0.8% | $4.1B+1.8% | $4.0B-0.1% | $4.0B+2.8% | $3.9B |
| Retained Earnings | $3.6B+2.4% | $3.5B+2.7% | $3.5B+2.7% | $3.4B+2.8% | $3.3B-20.0% | $4.1B+3.5% | $3.9B+3.9% | $3.8B |
KBH Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $303.8M+53.7% | $197.7M+17.4% | $168.4M+150.4% | -$334.3M-192.2% | $362.6M+503.3% | -$89.9M-246.3% | $61.5M+115.6% | $28.5M |
| Capital Expenditures | $13.8M+16.1% | $11.9M+3.2% | $11.5M+2.6% | $11.2M+11.3% | $10.1M+6.4% | $9.5M-8.0% | $10.3M+8.9% | $9.5M |
| Free Cash Flow | $290.1M+56.1% | $185.8M+18.4% | $156.9M+145.4% | -$345.5M-198.0% | $352.6M+454.7% | -$99.4M-294.2% | $51.2M+168.4% | $19.1M |
| Investing Cash Flow | -$19.6M+10.4% | -$21.8M-123.8% | -$9.8M+8.6% | -$10.7M+11.0% | -$12.0M-30.9% | -$9.2M+44.1% | -$16.4M-30.2% | -$12.6M |
| Financing Cash Flow | -$386.1M-149.9% | -$154.5M-31.9% | -$117.2M-868.5% | $15.3M+112.0% | -$127.2M+25.0% | -$169.5M-145.2% | -$69.1M+7.8% | -$75.0M |
| Dividends Paid | $15.8M-3.2% | $16.3M-5.3% | $17.2M-10.9% | $19.3M+7.2% | $18.0M-2.1% | $18.4M-2.0% | $18.8M+14.8% | $16.4M |
| Share Buybacks | $102.8M-45.4% | $188.5M-5.8% | $200.0M+300.0% | $50.0M-51.8% | $103.7M-30.9% | $150.0M+200.0% | $50.0M0.0% | $50.0M |
KBH Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 6.0%-0.8pp | 6.8%-0.3pp | 7.0%-0.8pp | 7.9%-1.7pp | 9.5%+0.5pp | 9.0%-0.9pp | 9.8%+0.4pp | 9.4% |
| Return on Equity | 2.6%-0.2pp | 2.8%+0.1pp | 2.7%+0.0pp | 2.7%-2.0pp | 4.7%+0.7pp | 4.0%-0.3pp | 4.2%+0.6pp | 3.6% |
| Return on Assets | 1.5%-0.0pp | 1.6%+0.0pp | 1.5%-0.0pp | 1.6%-1.2pp | 2.8%+0.5pp | 2.3%-0.2pp | 2.5%+0.4pp | 2.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.71-0.1 | 0.79+0.0 | 0.76+0.1 | 0.710.0 | 0.710.0 | 0.72+0.0 | 0.70-0.0 | 0.72 |
| FCF Margin | 17.1%+5.6pp | 11.5%+1.2pp | 10.3%+35.1pp | -24.8%-42.5pp | 17.6%+23.3pp | -5.7%-8.7pp | 3.0%+1.7pp | 1.3% |
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Frequently Asked Questions
What is KB Home's annual revenue?
KB Home (KBH) reported $6.2B in total revenue for fiscal year 2025. This represents a -10.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is KB Home's revenue growing?
KB Home (KBH) revenue declined by 10% year-over-year, from $6.9B to $6.2B in fiscal year 2025.
Is KB Home profitable?
Yes, KB Home (KBH) reported a net income of $428.8M in fiscal year 2025, with a net profit margin of 6.9%.
What is KB Home's earnings per share (EPS)?
KB Home (KBH) reported diluted earnings per share of $6.15 for fiscal year 2025. This represents a -27.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is KB Home's net profit margin?
KB Home (KBH) had a net profit margin of 6.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does KB Home pay dividends?
Yes, KB Home (KBH) paid $1.00 per share in dividends during fiscal year 2025.
What is KB Home's return on equity (ROE)?
KB Home (KBH) has a return on equity of 11.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is KB Home's free cash flow?
KB Home (KBH) generated $287.3M in free cash flow during fiscal year 2025. This represents a -11.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is KB Home's operating cash flow?
KB Home (KBH) generated $335.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are KB Home's total assets?
KB Home (KBH) had $6.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are KB Home's capital expenditures?
KB Home (KBH) invested $48.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does KB Home buy back shares?
Yes, KB Home (KBH) spent $541.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does KB Home have outstanding?
KB Home (KBH) had 63M shares outstanding as of fiscal year 2025.
What is KB Home's debt-to-equity ratio?
KB Home (KBH) had a debt-to-equity ratio of 0.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is KB Home's return on assets (ROA)?
KB Home (KBH) had a return on assets of 6.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is KB Home's Piotroski F-Score?
KB Home (KBH) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are KB Home's earnings high quality?
KB Home (KBH) has an earnings quality ratio of 0.78x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is KB Home?
KB Home (KBH) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.