KBHNYSEOperative BuildersFiscal year ends November 30
KB HOME
Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 8, 2026
$42.59−0.71 (-1.64%)
Close on Oct 19, 2026
- Market cap
- $2.63B
- P/E (TTM)
- 12.0
- Dividend yield
- 2.35%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
–
Net margin
6.9%−0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.0% | -3.3% | +8.3% | +7.5% | |
| Net income | -34.5% | -19.3% | +7.7% | +17.6% | |
| EPS, diluted | -27.2% | -12.2% | +14.5% | +21.9% | |
| Free cash flow | -11.2% | +27.6% | +0.4% | – | |
| Dividend per share | +5.3% | +18.6% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 6.2% | 11.7% | 10.8% | |
| Return on assets | 2.1% | 5.7% | 6.3% | |
| Interest coverage | 25.8× | – | – | |
| Capex to revenue | – | 0.7% | 0.8% | |
| Diluted shares | 96M | 94M | 69M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Kb Home generated $2.00B from operations and spent $2.16B on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$2.00B
Used
$2.16B
Capital expenditure$207.81M10%Dividends$303.46M14%Share buybacks$1.64B76%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.9%
×Asset turnover0.92×
×Equity multiplier1.71×
=Return on equity, FY202510.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.9% | 0.92× | 1.71× | 10.8% |
| FY2024 | 9.5% | 1.02× | 1.73× | 16.6% |
| FY2023 | 9.2% | 0.96× | 1.78× | 15.8% |
| FY2022 | 11.8% | 1.11× | 1.87× | 24.5% |
| FY2021 | 9.9% | 1.02× | 1.97× | 19.9% |
| FY2020 | 7.1% | 0.81× | 2.05× | 11.7% |
| FY2019 | 5.9% | 0.90× | 2.26× | 12.0% |
| FY2018 | 3.7% | 0.90× | 2.52× | 8.5% |
| FY2017 | 4.1% | 0.86× | 2.79× | 9.9% |
| FY2016 | 2.9% | 0.70× | 2.99× | 6.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$428.79M
- Cash generatingOperating cash flow above zero$335.68M
- Return on assets improvedROA up on the prior year9.9% → 6.2%
- Earnings backed by cashOperating cash flow above net income$335.68M vs $428.79M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise77M → 69M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.04 → 0.90