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MARKETS / NYSE / Industrials / Building construction / KBH
NYSE · OPERATIVE BUILDERS · LARGE CAP

KB Home KBH

18 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$6.2B
▼ 10.0% YoY
$428.8M
▼ 34.5% YoY
$287.3M
▼ 11.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

KB Home builds a variety of new homes, including attached and detached single-family residential homes, townhomes and condominiums, designed primarily for first-time and first move-up, as well as second move-up and active adult, homebuyers. Its homebuilding operations represent the majority of its business, accounting for 99.6% of total revenues in 2025. Its financial services operations, which accounted for the remaining 0.4% of total revenues in 2025, offer various insurance products to its homebuyers in the markets where it builds homes and provide title services in certain of those markets. Its financial services operations also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through KBHS Home Loans, LLC, an unconsolidated joint venture between the company and a third party. It has homebuilding operations in nine states and 49 major markets. For reporting purposes, it organizes its homebuilding operations into four segments: West Coast, Southwest, Central and Southeast. At November 30, 2025, it had approximately 2,118 full-time employees. The company has been building homes for nearly 70 years, with over 700,000 homes built since its founding in 1957.

Written from the business description in KB HOME's annual report to the U.S. Securities and Exchange Commission, filed 23 January 2026. Every sentence was checked against that document before publication.

Growth

USD 6.2B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 6.2 · Net income 0.4
2.5B5.0B-0.4B-0.8B
2008201120142017202020232025
Compound annual growth
−3.3%
+8.3%
+7.5%
+9.5%
−19.3%
+7.7%
+17.6%
−12.2%
+14.5%
+21.9%
+18.6%
+44.4%
+74.2%
+51.2%
+25.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.3% a year over the five years to FY2025 — but profit grew slower: net income at +7.7%, earnings per share at +14.5%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating · · Net 6.9%
10%20%30%-10%-20%-30%
200820162025
ROE
FY2025 · ROE 10.8%
50%-50%-100%
200820162025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin·
Net margin6.9%
EBITDA·

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 609.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.3
0.5B1.0B
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 68.6 · Net buybacks 541.3
250.0M500.0MDividendsNet buybacks
2008201120142017202020232025
Dividends paidUSD 68.6M
Net buybacksUSD 541.3M
Share of profit142.2%
Consecutive raises3 years

USD 68.6M in dividends and USD 541.3M in buybacks — 142% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 6.7B
EquityUSD 3.9B
CashUSD 230.4M

Equity funds 58% of total assets.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
KBH, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B6.26.96.46.95.74.24.64.54.43.63.02.42.11.61.31.61.83.0
Operating income $B◌◌◌◌◌◌◌0.30.30.20.10.10.1−0.0−0.1−0.0−0.2−0.9
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B0.10.20.20.30.10.10.10.20.10.00.0−0.8−0.0−0.0−0.0−0.0−0.20.0
Net income $B0.40.70.60.80.60.30.30.20.20.10.10.90.0−0.1−0.2−0.1−0.1−1.0
Free cash flow $B0.30.31.00.1−0.10.30.20.2◌◌◌◌◌◌◌◌◌◌
EPS, diluted $6.158.457.039.096.013.132.851.711.851.120.859.250.46−0.76−2.32−0.90−1.33◌
Dividend / sh $1.000.950.700.60◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %16111061013855811121−18−11−28−19−6
ROE %10.816.615.824.519.911.712.08.59.96.25.286.18.8−14.4−33.3−10.4−13.2−117.5

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

KB HomevsHorton D R Inc.Same industry: Operative BuildersKB HomevsLennar Corp.Same industry: Operative BuildersKB HomevsPulteGroup Inc.Same industry: Operative BuildersKB HomevsToll Brothers, Inc.Same industry: Operative BuildersKB HomevsNVR Inc.Same industry: Operative BuildersKB HomevsTaylor Morrison Home Corp.Same industry: Operative BuildersKB HomevsTutor Perini Corp.Same industry: Operative Builders
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Provenance

Company facts, as filed

How we verify · 0 failures in 51 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Three checks were skipped: the share count is not tagged before 2010. Two checks were skipped: the balance sheet is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityOperative Builders
Listed onNYSE
Incorporated inDelaware
Fiscal year endsNovember 30
Data on record since2008

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