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KB Home (KBH) Financials

KBH
Trailing 12 months to August 31, 2026
Revenue $5.2B -20.8% YoY
Net Income $227.6M -56.1% YoY
EPS (Diluted) $3.55 -50.1% YoY
Free Cash Flow $28.7M -91.8% YoY
Market Cap $2.7B as of Oct 8, 2026
Price / Sales 0.5x on $5.2B revenue, trailing 12 months to August 31, 2026
Price / Earnings 11.9x on $227.6M net income, trailing 12 months to August 31, 2026
Price / Book 0.7x on $3.8B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Aug 31, 2026 Reported Currency USD FYE November

Newest figures come from the 10-Q for Q3 FY2026, filed Oct 8, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KBH SEC filings page.

KB Home (KBH) reported $5.2B in revenue over the twelve months to Aug 31, 2026, down 20.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI KBH FY2025

KB Home remains profitable and cash-generative, but 2025 earnings weakened while shareholder distributions exceeded internally generated cash.

Cash conversion improved: operating cash flow converted 78.3% of net income in 2025, up from 55.4% in 2024. That arrived while net margin compressed to 6.9% from 9.5%, indicating cash generation held up better than accounting profitability.

Profitability compressed in 2025: net margin was 6.9%, while return on assets was 6.4%, so the weaker result reached both the income statement and asset productivity. Debt-to-equity was 0.7x in 2025, down from 0.9x in 2021, indicating the earnings decline was not accompanied by a broad increase in leverage.

Reported reinvestment remained modest: operating cash flow of $336M exceeded capital spending of $48M, leaving cash after basic business investment. Shareholder distributions totaled $610M against $287M of free cash flow, showing distributions exceeded the year's internally generated surplus and therefore drew on other financing sources or existing cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

KB Home does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/6

KB Home passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
0.78x

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

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Earnings & Revenue

Revenue
$1.3B
YoY-20.0%
QoQ+16.6%
5Y CAGR-2.4%
10Y CAGR+3.6%

KB Home generated $1.3B in revenue in Q3 2026. This represents a decrease of 20.0% from the same quarter a year earlier. Against the prior quarter it is up 16.6%.

Net Income
$65.3M
YoY-40.6%
QoQ+138.7%
5Y CAGR-15.3%
10Y CAGR+5.2%

KB Home reported $65.3M in net income in Q3 2026. This represents a decrease of 40.6% from the same quarter a year earlier. Against the prior quarter it is up 138.7%.

EPS (Diluted)
$1.05
YoY-34.8%
QoQ+144.2%
5Y CAGR-8.1%
10Y CAGR+9.6%

KB Home earned $1.05 per diluted share (EPS) in Q3 2026. This represents a decrease of 34.8% from the same quarter a year earlier. Against the prior quarter it is up 144.2%.

EBITDA

Not reported for Q3 2026.

Cash & Balance Sheet

Free Cash Flow
-$145.0M
YoY-178.0%
QoQ-752.4%

KB Home recorded an outflow of $145.0M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 178.0% from the same quarter a year earlier. Against the prior quarter it is down 752.4%.

Cash & Debt
$160.1M
YoY-51.8%
QoQ-20.3%
5Y CAGR-14.6%
10Y CAGR-7.2%

KB Home held $160.1M in cash as of Q3 2026; long-term debt is not reported for that period.

Dividends Per Share
$0.25
YoY0.0%
QoQ0.0%
5Y CAGR+10.8%
10Y CAGR+25.9%

KB Home paid $0.25 per share in dividends in Q3 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding
61M
YoY-6.2%
QoQ-0.9%
5Y CAGR-7.0%
10Y CAGR-3.3%

KB Home had 61M shares outstanding in Q3 2026. This represents a decrease of 6.2% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Margins & Returns

Net Margin
5.0%
YoY-1.8pp
QoQ+2.6pp
5Y change-5.2pp
10Y change+0.7pp

KB Home's net profit margin was 5.0% in Q3 2026, showing the share of revenue converted to profit. This is down 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.

Return on Equity
1.7%
YoY-1.1pp
QoQ+1.0pp
5Y change-3.6pp
10Y change-0.6pp

KB Home's ROE was 1.7% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Gross Margin

Not reported for Q3 2026.

Operating Margin

Not reported for Q3 2026.

Capital Allocation

Share Buybacks
$50.0M
YoY-73.5%
QoQ-37.6%
5Y CAGR-23.3%

KB Home spent $50.0M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 73.5% from the same quarter a year earlier. Against the prior quarter it is down 37.6%.

Capital Expenditures
$9.6M
YoY-19.0%
QoQ-0.5%
5Y CAGR-0.6%

KB Home invested $9.6M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 19.0% from the same quarter a year earlier. Against the prior quarter it is down 0.5%.

R&D Spending

Not reported for Q3 2026.

KBH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBH quarterly income statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Revenue$1.3B-20.0%$1.1B-27.3%$1.1B-22.6%$1.7B-15.3%$1.6B-7.5%$1.5B-10.5%$1.4B-5.2%$2.0B+19.5%
Income Tax$15.9M-52.4%$9.9M-71.3%$6.9M-76.8%$27.7M-51.5%$33.4M-33.3%$34.5M-34.5%$29.8M-17.2%$57.1M+15.8%
Net Income$65.3M-40.6%$27.3M-74.6%$33.4M-69.5%$101.5M-46.7%$109.8M-30.2%$107.9M-35.9%$109.6M-21.0%$190.6M+26.8%
EPS (Basic)$1.07-34.8%$0.44-71.2%$0.53-65.1%$1.59-38.4%$1.64-21.9%$1.53-30.8%$1.52-16.0%$2.58+35.1%
EPS (Diluted)$1.05-34.8%$0.43-71.3%$0.52-65.1%$1.55-38.2%$1.61-21.1%$1.50-30.2%$1.49-15.3%$2.51+35.7%
Diluted Shares (Avg)62M-8.8%63M-11.9%64M-12.7%N/A68M-11.6%71M-8.5%73M-6.7%N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense.

KBH Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBH quarterly balance sheet
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Total Assets$7.0B-0.2%$6.8B-3.5%$6.7B-4.0%$6.7B-3.7%$7.0B+2.1%$7.0B+3.1%$7.0B+4.4%$6.9B+4.3%
Cash & Equivalents$160.1M-51.8%$200.8M-35.4%$201.8M-25.1%$230.4M-61.5%$332.3M-11.6%$310.9M-51.7%$269.5M-59.7%$599.2M-17.6%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$3.2B+2.7%$3.0B-1.6%$2.8B-1.3%$2.8B-3.3%$3.1B+8.1%$3.0B+7.6%$2.9B+3.1%$2.9B+1.3%
Total Equity$3.8B-2.6%$3.8B-4.9%$3.9B-5.8%$3.9B-3.9%$3.9B-2.1%$4.0B0.0%$4.1B+5.4%$4.1B+6.6%
Retained Earnings$3.1B-13.0%$3.0B-12.1%$3.6B+8.5%$3.6B+11.0%$3.5B-13.3%$3.5B-12.6%$3.4B-11.6%$3.3B-11.1%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

KBH Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBH quarterly cash flow statement
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Operating Cash Flow-$135.4M-168.5%$31.9M-81.1%-$125.4M+62.5%$303.8M-16.2%$197.7M+319.9%$168.4M+174.0%-$334.3M-1272.3%$362.6M+16.9%
Depreciation & Amortization$10.6M+12.5%$10.4M+12.8%$10.1M+14.8%$9.9M+9.4%$9.4M-0.1%$9.2M-3.0%$8.8M-5.6%$9.0M-4.4%
Stock-Based CompensationN/AN/A$6.0M-20.7%N/AN/AN/A$7.6M-4.6%N/A
Capital Expenditures$9.6M-19.0%$9.7M-16.0%$13.2M+17.9%$13.8M+36.8%$11.9M+25.4%$11.5M+11.8%$11.2M+18.7%$10.1M+11.3%
Free Cash Flow-$145.0M-178.0%$22.2M-85.8%-$138.6M+59.9%$290.1M-17.7%$185.8M+287.0%$156.9M+206.6%-$345.5M-1912.5%$352.6M+17.1%
Investing Cash Flow$14.9M+168.4%-$12.3M-26.2%-$18.0M-68.5%-$19.6M-63.3%-$21.8M-138.3%-$9.8M+40.5%-$10.7M+15.3%-$12.0M+9.8%
Financing Cash Flow$79.8M+151.6%-$20.6M+82.4%$114.7M+652.1%-$386.1M-203.7%-$154.5M+8.8%-$117.2M-69.5%$15.3M+120.3%-$127.2M+30.1%
Dividends Paid$15.2M-6.9%$15.3M-10.9%$17.3M-10.6%$15.8M-12.5%$16.3M-11.5%$17.2M-8.4%$19.3M+18.1%$18.0M+18.6%
Share Buybacks$50.0M-73.5%$80.1M-59.9%$50.0M0.0%$102.8M-0.8%$188.5M+25.6%$200.0M+300.0%$50.0M0.0%$103.7M-35.9%

KBH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

KBH quarterly financial ratios
MetricQ3'2610-QQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K
Net Margin5.0%-1.8pp2.5%-4.6pp3.1%-4.8pp6.0%-3.5pp6.8%-2.2pp7.0%-2.8pp7.9%-1.6pp9.5%+0.5pp
Return on Equity1.7%-1.1pp0.7%-2.0pp0.9%-1.8pp2.6%-2.1pp2.8%-1.1pp2.7%-1.5pp2.7%-0.9pp4.7%+0.8pp
Return on Assets0.9%-0.6pp0.4%-1.1pp0.5%-1.1pp1.5%-1.2pp1.6%-0.7pp1.5%-0.9pp1.6%-0.5pp2.8%+0.5pp
Debt-to-Equity0.830.0x0.780.0x0.740.0x0.710.0x0.79+0.1x0.76+0.1x0.710.0x0.710.0x
Asset Turnover0.190.0x0.16-0.1x0.160.0x0.250.0x0.230.0x0.220.0x0.200.0x0.290.0x
FCF Margin-11.2%-22.6pp2.0%-8.3pp-12.9%+12.0pp17.1%-0.5pp11.5%+17.1pp10.3%+7.3pp-24.8%-26.1pp17.6%-0.4pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
KB Home KBH FY2025 $6.2B $428.8M 6.9% $2.7B —
Cavco Industries Inc. CVCO FY2026 $2.2B $191.2M 8.5% $4.2B 71/100
M/I Homes, Inc. MHO FY2025 $4.4B $402.9M 9.1% $3.3B 39/100
Champion Homes, Inc. SKY FY2026 $2.7B $206.9M 7.8% $4.4B 74/100
Taylor Morrison Home Corporation TMHC FY2025 $8.1B $782.5M 9.6% $6.7B 29/100
Meritage Homes Corporation MTH FY2025 N/A $453.0M N/A $3.9B —

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 10.0% 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%.

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.

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.

Yes, KB Home (KBH) paid $1.00 per share in dividends during fiscal year 2025.

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.

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.

KB Home (KBH) generated $335.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

KB Home (KBH) had $6.7B in total assets as of fiscal year 2025, including both current and long-term assets.

KB Home (KBH) invested $48.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, KB Home (KBH) spent $541.3M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

KB Home (KBH) had 63M shares outstanding as of fiscal year 2025.

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.

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.

KB Home (KBH) trades at 11.9x earnings, its market capitalization divided by net income of $227.6M net income, trailing 12 months to August 31, 2026. The market capitalization is $2.7B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

KB Home (KBH) trades at 0.5x sales, its market capitalization divided by revenue of $5.2B revenue, trailing 12 months to August 31, 2026. The market capitalization is $2.7B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

KB Home (KBH) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

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.

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