KBH vs LEN
KB Home and Lennar Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | KBH | LEN |
|---|---|---|
| Revenue | $6.2B | $34.2B |
| Net income | $428.8M | $2.1B |
| Gross margin | · | · |
| Net margin | 6.9% | 6.2% |
| Return on equity | 10.8% | 8.3% |
| Diluted EPS | $6.15 | · |
| Dividend / share | $1.00 | · |
| Payout ratio | 16.0% | 25.1% |
| Free cash flow | $287.3M | $28.2M |
| Equity | $3.9B | $22.0B |
| Net debt / equity | · | 0.10× |
| Current ratio | · | · |
| Revenue CAGR 5y | 8.3% | 8.7% |
| Profit CAGR 5y | 7.7% | −3.4% |
LEN bills 5.5× the revenue of KBH, and KBH keeps more of each dollar of revenue as profit (6.9% against 6.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | KBH | LEN |
|---|---|---|
| FY2025 | $6.2B | $34.2B |
| FY2024 | $6.9B | $35.4B |
| FY2023 | $6.4B | $34.2B |
| FY2022 | $6.9B | $33.7B |
| FY2021 | $5.7B | $27.1B |
| FY2020 | $4.2B | $22.5B |
| FY2019 | $4.6B | $22.3B |
| FY2018 | $4.5B | $20.6B |
| FY2017 | $4.4B | $12.6B |
| FY2016 | $3.6B | $10.9B |
Bottom line
| Fiscal year | KBH | LEN |
|---|---|---|
| FY2025 | $428.8M | $2.1B |
| FY2024 | $655.0M | $3.9B |
| FY2023 | $590.2M | $3.9B |
| FY2022 | $816.7M | $4.6B |
| FY2021 | $564.7M | $4.4B |
| FY2020 | $296.2M | $2.5B |
| FY2019 | $268.8M | $1.8B |
| FY2018 | $170.4M | $1.7B |
| FY2017 | $180.6M | $810.5M |
| FY2016 | $105.6M | $911.8M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$27,950,720,000 | LEN |
| FY2024 | −$28,511,366,000 | LEN |
| FY2023 | −$27,822,737,000 | LEN |
| FY2022 | −$26,767,234,000 | LEN |
| FY2021 | −$21,405,746,000 | LEN |
| FY2020 | −$18,305,680,000 | LEN |
| FY2019 | −$17,706,814,000 | LEN |
| FY2018 | −$16,024,629,000 | LEN |
| FY2017 | −$8,277,836,000 | LEN |
| FY2016 | −$7,355,353,000 | LEN |
| FY2015 | −$6,441,978,000 | LEN |
| FY2014 | −$5,378,863,000 | LEN |
| FY2013 | −$3,837,965,000 | LEN |
| FY2012 | −$2,545,017,000 | LEN |
| FY2011 | −$1,779,519,000 | LEN |
| FY2010 | −$1,484,026,000 | LEN |
| FY2009 | −$1,294,537,000 | LEN |
| FY2008 | −$1,541,481,000 | LEN |
LEN has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.7 pp | KBH |
| FY2024 | −1.7 pp | LEN |
| FY2023 | −2.4 pp | LEN |
| FY2022 | −2.0 pp | LEN |
| FY2021 | −6.6 pp | LEN |
| FY2020 | −3.9 pp | LEN |
| FY2019 | −2.4 pp | LEN |
| FY2018 | −4.6 pp | LEN |
| FY2017 | −2.0 pp | LEN |
| FY2016 | −5.4 pp | LEN |
| FY2015 | −5.9 pp | LEN |
| FY2014 | +30.2 pp | KBH |
| FY2013 | −6.6 pp | LEN |
| FY2012 | −19.8 pp | LEN |
| FY2011 | −17.2 pp | LEN |
| FY2010 | −8.3 pp | LEN |
| FY2009 | +8.7 pp | KBH |
| FY2008 | −7.8 pp | LEN |
The higher net margin has changed hands between KBH and LEN over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KBH's net margin has been more volatile than LEN's over the 18 comparable fiscal years — 13.3 percentage points of standard deviation against 9.8.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between KBH and LEN over these 18 fiscal years — KBH led in 3 and LEN in 15.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
KBH's return on equity has been more volatile than LEN's over the 18 comparable fiscal years — 37.2 percentage points of standard deviation against 14.6.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between KBH and LEN over these 18 fiscal years — KBH led in 6 and LEN in 12.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.