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KBH

KB Home

KBH

KB Home • NYSE
$64.33 ▼ -0.69% (-0.45)
Market Cap $4.52 B
52w High $83.58
52w Low $48.90
Dividend Yield 1.00%
P/E 9.05
Volume 312.54K
Outstanding Shares 70.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.62B ▲ $163.732M ▼ $109.828M ▲ 6.778% ▼ $1.65 ▲ $153.536M ▲
Q2-2025 $1.53B ▲ $176.917M ▲ $107.883M ▼ 7.053% ▼ $1.53 ▲ $152.497M ▲
Q1-2025 $1.392B ▼ $155.485M ▼ $109.557M ▼ 7.872% ▼ $1.52 ▼ $139.351M ▼
Q4-2024 $2B ▲ $192.004M ▲ $190.605M ▲ 9.531% ▲ $2.59 ▲ $243.455M ▲
Q3-2024 $1.753B $171.466M $157.329M 8.977% $2.1 $203.387M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $330.586M ▲ $6.986B ▼ $2.31B ▼ $4.676B ▲
Q2-2025 $308.861M ▲ $7.018B ▲ $3.027B ▲ $3.991B ▼
Q1-2025 $269.458M ▼ $6.979B ▲ $2.887B ▲ $4.093B ▲
Q4-2024 $597.973M ▲ $6.936B ▲ $2.876B ▲ $4.061B ▲
Q3-2024 $375.693M $6.84B $2.853B $3.987B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $109.828M ▲ $197.723M ▲ $-21.821M ▼ $-154.546M ▼ $21.356M ▼ $185.845M ▲
Q2-2025 $107.883M ▼ $168.438M ▲ $-9.752M ▲ $-117.202M ▼ $41.484M ▲ $156.927M ▲
Q1-2025 $109.557M ▼ $-334.321M ▼ $-10.664M ▲ $15.25M ▲ $-329.735M ▼ $-345.541M ▼
Q4-2024 $190.605M ▲ $362.641M ▲ $-11.981M ▼ $-127.16M ▲ $223.5M ▲ $352.558M ▲
Q3-2024 $157.329M $-89.913M $-9.156M $-169.49M $-268.559M $-99.387M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Financial Service
Financial Service
 $10.00M ▲$0 ▼$0 ▲$10.00M ▲
Home Building
Home Building
 $1.99Bn ▲$1.39Bn ▼$1.52Bn ▲$1.61Bn ▲

Five-Year Company Overview

Income Statement

Income Statement KB Home has produced solid revenue and profit over the past five years, with sales trending upward overall despite some ups and downs typical of the housing cycle. Profitability has been healthy, supported by decent gross and operating margins, although margins peaked a couple of years ago and have since eased to more normal levels. Earnings remain strong relative to the company’s size, showing that KBH has been able to convert demand for new homes into meaningful bottom-line results. Overall, the income statement reflects a well-run homebuilder benefiting from a robust U.S. housing market but still exposed to shifts in mortgage rates and consumer confidence.

Balance Sheet

Balance Sheet The balance sheet looks relatively sturdy for a cyclical business. Assets and shareholders’ equity have grown steadily, indicating that the company is building its net worth over time rather than relying purely on financial engineering. Debt levels have stayed fairly stable, not ballooning even as the business has grown, which suggests a balanced approach to leverage. Cash balances move around from year to year, but the overall picture is of a company with a solid capital base and manageable financial risk for its industry.

Cash Flow

Cash Flow Cash flow is more volatile than earnings, which is common for homebuilders because of swings in land purchases and construction activity. Operating cash flow has been very strong in some years and quite modest in others, reflecting changes in inventory investment and order timing. Capital spending needs are relatively light, so when operating cash is strong it tends to translate into good free cash flow. The pattern shows that KBH can generate substantial cash in favorable conditions, but investors should expect lumpiness from year to year rather than a smooth trend.

Competitive Edge

Competitive Edge KB Home competes in a crowded, price-sensitive industry, but it has carved out a clear niche. Its “Built-to-Order” model emphasizes personalization, allowing buyers to choose layouts, finishes, and technology packages, which can deepen customer loyalty and support margins. The company’s long-standing focus on energy efficiency and sustainability, combined with smart home features, helps differentiate its product from more standardized offerings. At the same time, KBH still faces the usual housing-market pressures: interest rate swings, land and labor costs, and intense competition from large national and regional builders with significant scale advantages.

Innovation and R&D

Innovation and R&D For a homebuilder, KB Home is relatively advanced in its use of innovation. It integrates energy-efficient designs, indoor air quality features, smart home systems, and even microgrid and solar-plus-battery communities into its offerings. Partnerships with technology and wellness firms, along with concept projects that explore net‑zero energy and flexible living spaces, show a willingness to experiment beyond traditional homebuilding. These initiatives can enhance the brand and attract buyers seeking modern, sustainable living, but they also require careful execution to keep costs under control and ensure that features resonate with mainstream customers, not just early adopters.

Summary

Overall, KB Home looks like a financially solid, strongly profitable homebuilder with a growing asset base and a differentiated product strategy. Its focus on personalization, sustainability, and smart-home capabilities provides a clear angle versus more commoditized builders, and has likely supported healthy margins. The main risks are those of the broader housing cycle: sensitivity to interest rates, affordability constraints, and potential swings in demand that can disrupt cash flow. If the company can continue balancing innovation with cost discipline and manage land and inventory prudently through the cycle, it appears well positioned within its niche of the residential construction market.

NEWS

November 28, 2025 · 8:00 AM UTC

KB Home Announces the Grand Opening of Its Newest Community in Orlando, Florida

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November 21, 2025 · 8:00 AM UTC

KB Home Announces the Grand Opening of Two New Communities Within the Highly Desirable Placer One Master Plan in Roseville, California

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November 20, 2025 · 8:00 AM UTC

KB Home Announces the Grand Opening of Its Newest Community in Beasley, Texas

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November 17, 2025 · 8:00 AM UTC

KB Home Announces the Grand Opening of Chapel Manor, Its Newest Community in Zephyrhills, Florida

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November 14, 2025 · 8:00 AM UTC

KB Home Announces a Rare Opportunity to Own a New Single-Family Home Within the Sought-After Communications Hill Master Plan

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