Tearsheet
Investment Highlights Market Valuation Price Chart Return vs. Risk About KBH Interactive Breakdown Better Bets vs. KBH Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

KB Home (KBH)

Market Price (11/5/2025): $61.03 | Market Cap: $4.1 Bil
Sector: Consumer Discretionary | Industry: Homebuilding

KB Home (KBH)

Market Price (11/5/2025): $61.03
Market Cap: $4.1 Bil
Sector: Consumer Discretionary
Industry: Homebuilding

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.1%, FCF Yield is 8.7%		 Weak multi-year price returns
2Y Excs Rtn is -19%		 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%, Rev Chg QQuarterly Revenue Change % is -7.5%
1 Low stock price volatility
Vol 12M is 36%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.1%, FCF Yield is 8.7%
1 Low stock price volatility
Vol 12M is 36%
2 Weak multi-year price returns
2Y Excs Rtn is -19%
3 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5%, Rev Chg QQuarterly Revenue Change % is -7.5%

Market Valuation & Key Metrics

KBHS&P 500
REVENUE GROWTHVERY POOR
Rev LTM ($ Bil)6.5
Rev Chg Q-7.5%6.7%
Rev Chg LTM-0.9%5.6%
Rev Chg 3Y Avg-0.5%5.3%
PROFITABILITYPOOR
Op Inc LTM ($ Bil)0.6
CFO LTM ($ Bil)0.4
Net Inc LTM ($ Bil)0.5
Op Mgn LTM9.7%18.8%
CFO/Rev LTM6.0%20.4%
Net Inc Mgn7.9%12.9%
VALUATIONVERY LOW
P/S0.63.1
P/CFO10.315.2
P/FCF11.620.3
P/E7.823.7
STABILITYFAIR
Debt/Equity0.480.21
Cash/Assets0.050.07

AI Generated Analysis | Feedback

Metric

KBH Stock

   
   
   
   
   
   
   
Factor Drivers of Stock Movement
The 16.1% change in KBH stock from 5/6/2025 to 11/4/2025 was primarily driven by a 30.1% change in the company's P/E Multiple.

506202511042025Change
Stock Price ($)52.4760.9016.07%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)6854.106541.73-4.56%
Net Income Margin (%)9.13%7.92%-13.31%
P/E Multiple6.007.8030.15%
Shares Outstanding (Mil)71.5466.377.23%
Cumulative Contribution15.46%

LTM = Last Twelve Months as of date shown
The -22.4% change in KBH stock from 11/4/2024 to 11/4/2025 was primarily driven by a -17.9% change in the company's P/E Multiple.

1104202411042025Change
Stock Price ($)78.4560.90-22.37%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)6604.186541.73-0.95%
Net Income Margin (%)9.31%7.92%-14.95%
P/E Multiple9.507.80-17.88%
Shares Outstanding (Mil)74.4866.3710.89%
Cumulative Contribution-23.29%

LTM = Last Twelve Months as of date shown
The 126.0% change in KBH stock from 11/5/2022 to 11/4/2025 was primarily driven by a 159.4% change in the company's P/E Multiple.

1105202211042025Change
Stock Price ($)26.9460.90126.02%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)6638.946541.73-1.46%
Net Income Margin (%)11.67%7.92%-32.14%
P/E Multiple3.017.80159.39%
Shares Outstanding (Mil)86.4966.3723.26%
Cumulative Contribution113.79%

LTM = Last Twelve Months as of date shown
Why The Stock Moved

AI Generated Analysis | Feedback

1. KB Home exceeded analyst expectations in its fiscal third-quarter 2025 earnings report. The company announced diluted earnings per share of $1.61, surpassing the Zacks Consensus Estimate of $1.50. Revenues also topped forecasts, reaching $1.62 billion compared to an anticipated $1.59 billion.



2. The company authorized a new $1 billion share repurchase program. On October 27, 2025, KB Home's Board of Directors approved the repurchase of up to $1 billion of its outstanding common stock, replacing a previous authorization. This move signals management's confidence in the company's value and commitment to returning capital to shareholders.



Show more

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
KBH Return-1%35%-27%99%7%-6%99%
Peers Return30%34%-23%66%-6%-24%57%
S&P 500 Return16%27%-19%24%23%15%112%

Monthly Win Rates [3]
KBH Win Rate58%58%50%58%50%50% 
Peers Win Rate52%58%32%48%48%42% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
KBH Max Drawdown-68%-3%-42%0%-7%-23% 
Peers Max Drawdown-46%-4%-38%-2%-12%-38% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: IBP, TMHC, MTH, LGIH, SPHL. See KBH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/4/2025 (YTD)

How Low Can It Go

Unique KeyEventKBHS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-49.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven99.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven368 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-72.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven262.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven188 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-54.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven119.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven434 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-85.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven593.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven5494 days1480 days

Compare to IBP, TMHC, MTH, LGIH, SPHL


In The Past

KB Home's stock fell -49.9% during the 2022 Inflation Shock from a high on 5/10/2021. A -49.9% loss requires a 99.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About KB Home (KBH)

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for KB Home:

  • Ford or General Motors for new homes
  • Dell for new homes

AI Generated Analysis | Feedback

  • New Home Construction: Builds and sells personalized new single-family homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers.
  • Financial Services: Provides mortgage financing, title, and insurance services to its homebuyers through unconsolidated joint ventures.

AI Generated Analysis | Feedback

KB Home (NYSE: KBH) is a residential homebuilder that primarily sells new homes directly to individual homebuyers rather than to other companies.

The company typically serves the following categories of individual customers:

  • First-time Homebuyers: Individuals or families purchasing their first home, often seeking affordable entry-level homes and communities.
  • Move-up Homebuyers: Existing homeowners looking to purchase a larger home, a home in a different location, or a home with more features and amenities, often after selling their current residence.
  • Active Adult/Empty Nesters: Older individuals or couples whose children have left home, often seeking smaller, more manageable homes, single-story designs, or communities with specific amenities tailored to their lifestyle.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Jeffrey T. Mezger, Chairman, President & Chief Executive Officer

Mr. Mezger joined KB Home in 1993 and has been President and Chief Executive Officer since 2006, and Chairman of the Board since 2016. He is a homebuilding industry veteran with over 40 years of experience. Prior to joining KB Home, he spent 15 years with U.S. Home, serving as President of its Central California division from 1983 to 1993. He also previously held the position of Executive Vice President and Chief Operating Officer of KB Home from 1999 to 2006, where he led the development of the company’s KBnxt operational business model and expanded its U.S. homebuilding operations. Mr. Mezger was the Founding Chairman of the Leading Builders of America.

Robert R. Dillard, Executive Vice President and Chief Financial Officer

Mr. Dillard was appointed Executive Vice President and Chief Financial Officer of KB Home, effective March 31, 2025. Most recently, he served as the Chief Financial Officer at Sonoco Products Company. His prior experience includes leadership roles as President of Domtar Personal Care Europe, a division of Domtar Corporation, and President of Stanley Hydraulics, a division of Stanley Black & Decker. He brings a comprehensive executive background with operational and financial expertise from various industrial and consumer companies.

Robert McGibney, President and Chief Operating Officer

Mr. McGibney was promoted to President in addition to his role as Chief Operating Officer, effective February 1, 2024. He joined KB Home in 2000 as a Financial Analyst in the Las Vegas division. He held various positions of increasing responsibility, including Division President in Las Vegas in 2012, Regional General Manager for the company's Arizona and Nevada businesses in 2016, and Regional President with added responsibility for California divisions in 2018. Since 2021, he has served as Chief Operating Officer and Executive Vice President.

Albert Z. Praw, Executive Vice President, Real Estate and Business Development

Mr. Praw serves as an Executive Vice President of Real Estate and Business Development at KB Home.

Brian Woram, Executive Vice President and General Counsel

Mr. Woram has served as Executive Vice President and General Counsel of KB Home since July 15, 2010.

AI Generated Analysis | Feedback

The emerging threat for KB Home is the rapid development and scaling of 3D printing technology for homes. If this technology becomes cost-effective and widely adopted, it could significantly reduce construction time, labor costs, and material waste compared to traditional stick-built construction, potentially allowing competitors to offer homes at lower prices or with faster delivery.

AI Generated Analysis | Feedback

The primary business of KB Home (symbol: KBH) is the construction and sale of new homes, including attached and detached single-family homes, townhomes, and condominiums. The company also generates revenue from land sales and financial services.

The addressable market for KB Home's main products is the U.S. residential construction market.

The U.S. residential construction market size stands at approximately USD 1.35 trillion in 2025. This market is projected to grow to USD 1.69 trillion by 2030, reflecting a compound annual growth rate (CAGR) of 4.59% during the forecast period.

AI Generated Analysis | Feedback

KB Home (KBH) expects to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics: * Increased Land Investment and Community Count Growth: KB Home has been actively investing in land acquisition and development, with plans to increase this investment in 2025. This strategy is aimed at expanding its pipeline of lots and driving new community openings, which directly translates to more selling locations and potential for increased home sales. For instance, in 2024, the company invested over $2.8 billion in land acquisition and development and opened 106 new communities. The company expects to end fiscal year 2025 with approximately 260 active selling communities. * Emphasis on the Built-to-Order Model: KB Home plans to increase its mix of built-to-order homes, aiming for this model to constitute approximately 70% of its deliveries. This approach allows for greater customer personalization and is expected to support higher gross margins, as built-to-order homes typically generate a gross margin 250 to 500 basis points higher than inventory homes. While primarily impacting margins, this focus on customization can also enhance demand and average selling prices. * Reduced Build Times and Operational Efficiency: The company has made significant progress in reducing its construction cycle times, with build times decreasing by an average of 28% year-over-year in 2024 and reaching 130 days by Q3 2025. This operational efficiency enables KB Home to deliver more homes within a shorter period, thereby increasing the volume of homes delivered and recognized revenue. * Demographic Tailwinds: KB Home anticipates that strong housing demand will continue to be driven by favorable demographics, particularly the millennial and Gen Z generations. These large generational cohorts are demonstrating a strong desire for homeownership, contributing to growth in household formations and overall housing demand. * Strategic Pricing and Reduced Incentives: As market conditions improve and demand for homes strengthens, KB Home aims to reduce its reliance on sales incentives. This strategic shift is expected to lead to higher average selling prices, contributing to an increase in revenue per home.

AI Generated Analysis | Feedback

Share Repurchases

  • KB Home's Board of Directors authorized a new $1.00 billion share repurchase program on April 18, 2024, replacing a prior authorization that had $113.6 million remaining.
  • In the fiscal year ended November 30, 2024, KB Home repurchased 4,725,181 shares of common stock at a total cost of $350.0 million.
  • Since initiating its repurchase program in 2021, the company has repurchased over $1.5 billion of shares, representing more than 34% of its outstanding shares.

Share Issuance

  • KB Home’s capital allocation strategy includes returning capital to shareholders through dividends and share repurchases, with no significant share issuances highlighted in the provided timeframe, instead focusing on reducing outstanding shares through buybacks.
  • The number of common shares outstanding was 72,156,821 on December 31, 2024.
  • Performance-based restricted stock units (PSUs) are granted to executive officers, which can lead to share issuance upon vesting, with a three-year performance period starting December 1, 2025, and ending November 30, 2028.

Outbound Investments

  • KB Home provides mortgage banking services to its homebuyers indirectly through KBHS Home Loans, LLC, an unconsolidated joint venture with a third party.

Capital Expenditures

  • KB Home's investments in land and land development for the twelve months ended November 30, 2024, increased 58% to $2.84 billion, compared to $1.80 billion in the year-earlier period.
  • The company plans to increase its investment in land acquisition and development again in 2025, indicating a continued focus on future community count growth.
  • In the first quarter of fiscal year 2025, KB Home invested $920 million in land acquisition and development, a 57% year-over-year increase, though the company expects to moderate land investment for the remainder of 2025.

Better Bets than KB Home (KBH)

 KBHBetter Performance than KBH
MetricValueIndustry (Homebuilding)
Rev Chg LTM-0.9%PHM (1.8%), NVR (6.4%), TOL (3.3%), BLD (-0.8%), IBP (3.4%)
Rev Chg 3Y Avg-0.5%DHI (2.9%), LEN (3.0%), PHM (5.4%), NVR (3.1%), TOL (4.4%)
Op Mgn LTM9.7%DHI (14.2%), LEN (10.0%), PHM (19.3%), NVR (17.6%), TOL (16.3%)
CFO/Rev LTM6.0%DHI (8.4%), PHM (9.5%), NVR (11.7%), TOL (9.1%), BLD (16.4%)
FCF/Rev LTM5.3%DHI (8.1%), PHM (8.8%), NVR (11.4%), TOL (8.4%), BLD (15.2%)
Total Yield13.2%TMHC (14.6%), MTH (14.3%), MHO (14.0%), DFH (16.3%), LGIH (15.1%)
 KBHBetter Performance than KBH
MetricValueAll Other Sectors
Rev Chg LTM-0.9%NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), GOOGL (13.4%), AVGO (28.0%)
Rev Chg 3Y Avg-0.5%NVDA (92.0%), AAPL (1.8%), MSFT (13.2%), GOOGL (11.0%), AVGO (24.0%)
Op Mgn LTM9.7%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM6.0%NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AVGO (42.4%)
FCF/Rev LTM5.3%NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AVGO (41.6%)
Total Yield13.2%VZ (18.8%), TD (15.1%), CMCSA (27.2%), ENB (14.6%), MO (16.2%)
 Best Bets In Consumer Discretionary Sector
 KBHABNB BKNG MCD ETSY LOPE ALSN CROX GRMN YUM WH
What You Pay           
P/E7.828.732.025.531.821.99.518.625.229.116.6
P/EBIT6.428.919.217.714.017.17.016.222.217.09.7
What You Get           
Rev Chg Q-7.5%12.7%12.7%5.4%2.4%8.8%-15.9%3.4%11.7%9.6%-3.5%
Rev Chg LTM-0.9%10.2%13.0%1.2%2.0%6.5%-4.2%2.0%16.6%11.3%3.4%
Rev Chg 3Y Avg-0.5%16.3%17.8%3.4%4.9%5.8%4.6%14.5%12.2%5.9%-2.5%
FCF/Rev 3Y Avg8.9%40.5%35.6%27.2%23.8%22.6%21.0%19.8%20.5%19.0%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1KB Home Stock Fell 5.7% in a Month, What Now?Return 
2null  
3Better Bet Than KBH Stock: Pay Less Than KB Home To Get More From UAL, IBKR   
4Better Bet Than KBH Stock: Pay Less Than KB Home To Get More From DFH   
5Better Bet Than KBH Stock: Pay Less Than KB Home To Get More From DFH   
6KBH Dip Buy Analysis  
7KB Home Total Shareholder Return (TSR): 61.0% in 2024 and 30.1% 3-yr compounded annual returns (above peer average)  
8KB Home (KBH) Operating Cash Flow ComparisonFinancials 
9KB Home (KBH) Net Income ComparisonFinancials 
10KB Home (KBH) Operating Income ComparisonFinancials 
11ARTICLES  
12With Mortgage Rates At Decade Highs, What’s The Outlook Like For Housing Stocks? May 10th, 2022
13KB Home Stock Fell 6% In The Last Week, What To Expect? June 29th, 2021
14Are The Cracks Begining To Show In The U.S. Housing Market? June 28th, 2021
15KB Home, Floor & Decor: Are Housing Stocks Still Worth A Look? June 1st, 2021
16KB Home, Lennar: Are Housing Stocks Getting Too Hot? April 26th, 2021
Title
0DASHBOARDS
1With Mortgage Rates At Decade Highs, What’s The Outlook Like For Housing Stocks?
2KB Home Stock Fell 6% In The Last Week, What To Expect?
3Are The Cracks Begining To Show In The U.S. Housing Market?
4KB Home, Floor & Decor: Are Housing Stocks Still Worth A Look?
5KB Home, Lennar: Are Housing Stocks Getting Too Hot?
6ARTICLES
7KB Home Stock Fell 5.7% in a Month, What Now?
8null
9Better Bet Than KBH Stock: Pay Less Than KB Home To Get More From UAL, IBKR 
10Better Bet Than KBH Stock: Pay Less Than KB Home To Get More From DFH 
11Better Bet Than KBH Stock: Pay Less Than KB Home To Get More From DFH 
12KBH Dip Buy Analysis
13KB Home Total Shareholder Return (TSR): 61.0% in 2024 and 30.1% 3-yr compounded annual returns (above peer average)
14KB Home (KBH) Operating Cash Flow Comparison
15KB Home (KBH) Net Income Comparison
16KB Home (KBH) Operating Income Comparison

Trade Ideas

Select past ideas related to KBH. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.3%5.3%0.0%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-0.5%-0.5%-0.5%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-2.5%-2.5%-2.5%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-1.5%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.3%-3.3%-6.2%
KBH_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03312020KBHKB HomeDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap		109.5%160.9%-10.9%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		5.3%5.3%0.0%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		-0.5%-0.5%-0.5%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-2.5%-2.5%-2.5%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-1.5%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.3%-3.3%-6.2%
KBH_3312020_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03312020KBHKB HomeDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap		109.5%160.9%-10.9%

Recent Active Movers

1 Week Top Gainers

Ticker

1 Week Top Losers

Ticker

1 Month Top Gainers

Ticker

1 Month Top Losers

Ticker

Recent Active Movers

1 Week Top Gainers

Ticker

1 Week Top Losers

Ticker

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for KB Home

Financials

KBHIBPTMHCMTHLGIHSPHLMedian
NameKB Home Installe.Taylor M.Meritage.LGI HomesSpringvi. 
Mkt Price60.90238.0259.1465.3144.450.4660.02
Mkt Cap4.06.55.84.61.0-4.6
Rev LTM6,5422,9568,3786,0482,044-6,048
Op Inc LTM6353711,227661166-635
FCF LTM350277570-253-176-277
FCF 3Y Avg588278571161-175-278
CFO LTM394359609-225-174-359
CFO 3Y Avg628347612193-174-347

Growth & Margins

KBHIBPTMHCMTHLGIHSPHLMedian
NameKB Home Installe.Taylor M.Meritage.LGI HomesSpringvi. 
Rev Chg LTM-0.9%3.4%7.0%-6.0%-7.9%--0.9%
Rev Chg 3Y Avg-0.5%8.9%0.7%1.6%-9.6%-0.7%
Rev Chg Q-7.5%3.1%-1.2%-10.7%-19.8%--7.5%
QoQ Delta Rev Chg LTM-2.0%0.8%-0.3%-2.8%-5.5%--2.0%
Op Mgn LTM9.7%12.5%14.6%10.9%8.1%-10.9%
Op Mgn 3Y Avg11.2%12.9%14.9%13.9%9.6%-12.9%
QoQ Delta Op Mgn LTM-0.7%-0.1%-0.4%-1.6%-0.8%--0.7%
CFO/Rev LTM6.0%12.1%7.3%-3.7%-8.5%-6.0%
CFO/Rev 3Y Avg9.5%12.1%7.6%2.9%-8.1%-7.6%
FCF/Rev LTM5.3%9.4%6.8%-4.2%-8.6%-5.3%
FCF/Rev 3Y Avg8.9%9.7%7.1%2.4%-8.1%-7.1%

Valuation

KBHIBPTMHCMTHLGIHSPHLMedian
NameKB Home Installe.Taylor M.Meritage.LGI HomesSpringvi. 
Mkt Cap4.06.55.84.61.0-4.6
P/S0.62.20.70.80.5-0.7
P/EBIT6.417.54.76.66.2-6.4
P/E7.826.06.88.56.6-7.8
P/CFO10.218.19.6-20.5-5.9-9.6
Total Yield13.2%5.2%14.6%14.3%15.1%-14.3%
Dividend Yield0.4%1.3%0.0%2.6%0.0%-0.4%
FCF Yield 3Y Avg14.4%5.8%11.1%4.6%-10.4%-5.8%
D/E0.50.20.40.41.7-0.4
Net D/E0.40.10.30.31.7-0.3

Returns

KBHIBPTMHCMTHLGIHSPHLMedian
NameKB Home Installe.Taylor M.Meritage.LGI HomesSpringvi. 
1M Rtn-7.4%-1.8%-12.9%-12.6%-16.4%-18.9%-12.8%
3M Rtn2.8%10.6%-8.7%-10.4%-25.1%-11.0%-9.5%
6M Rtn16.1%44.3%2.5%-0.6%-16.4%-11.1%1.0%
12M Rtn-22.4%9.6%-15.6%-28.0%-57.1%-89.5%-25.2%
3Y Rtn126.0%211.7%129.2%84.8%-46.6%-126.0%
1M Excs Rtn-6.0%-1.1%-11.5%-10.0%-11.8%-16.1%-10.7%
3M Excs Rtn-2.9%5.8%-15.1%-15.4%-30.1%-17.7%-15.3%
6M Excs Rtn-4.7%23.5%-18.3%-21.4%-37.2%-31.9%-19.8%
12M Excs Rtn-39.9%-7.0%-32.3%-44.9%-74.9%-108.9%-42.4%
3Y Excs Rtn43.3%114.1%47.3%4.3%-125.6%-43.3%

Financials

$ Mil | FY: 11/302025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q4
Period End8/31/20255/31/20252/28/202511/30/20248/31/20245/31/20242/29/202411/30/20238/31/20235/31/20232/28/202311/30/2022
Filing Date10/9/20257/10/20254/9/20251/24/202510/10/20247/5/20244/5/20241/19/202410/6/20237/7/20234/7/20231/20/2023
Key Financials Quarterly            
Total Revenue1,6201,5301,3922,0001,7531,7101,4681,6741,5871,7651,3841,940
Ebitda145144139243203205172198194217170293
Operating Income136135131234194195162189185208161284
Net Income110108110191157168139150150164126216
EPS1.641.531.522.592.102.211.811.911.862.001.492.54
Key Financials TTM            
Total Revenue TTM6,5426,6746,8546,9306,6046,4396,4946,4116,6776,9356,8896,904
Ebitda TTM6727307918237777687817798741,0171,0761,087
Operating Income TTM6356947547867407317447438389831,0431,055
Net Income TTM518565626655615607603590656762808817
Growth Rates Quarterly            
Total Revenue Growth-7.5%-10.5%-5.2%19.5%10.4%-3.1%6.0%-13.7%-14.0%2.6%-1.0%15.8%
EBITDA Growth-28.7%-29.6%-18.8%23.0%4.7%-5.8%1.1%-32.4%-42.5%-21.4%-6.0%29.2%
Operating Income Growth-30.1%-30.9%-19.5%24.4%4.8%-6.3%0.8%-33.7%-43.9%-22.4%-6.9%29.7%
Net Income Growth-30.2%-35.9%-21.0%26.8%4.9%2.4%10.5%-30.5%-41.3%-21.9%-6.5%24.2%
Margins Quarterly            
EBITDA Margin8.9%9.4%10.0%12.2%11.6%12.0%11.7%11.8%12.2%12.3%12.3%15.1%
Operating Income Margin8.4%8.8%9.4%11.7%11.1%11.4%11.1%11.3%11.7%11.8%11.6%14.7%
Net Income Margin6.8%7.1%7.9%9.5%9.0%9.9%9.4%9.0%9.4%9.3%9.1%11.2%
Cash & Debt            
Total Cash332311269599376644668727612557261330
Total Debt1,9641,9161,8151,7131,7131,7201,7191,7161,7151,7131,8171,866
Net Debt / (Cash)1,6321,6051,5451,1131,3371,0751,0509891,1031,1561,5561,536
Cash Flows Quarterly            
FCF from Operations198168-334363-90612931016451594407
Cash Flows TTM            
FCF from Operations TTM394107-03633105641,0171,0831,1801,107528183
Returns to Shareholders Quarterly            
Dividends161719181819161516131213
Share Repurchases18820050104150505016282927550
Return on Invested Capital (ROIC) Quarterly            
ROIC25.5%23.0%19.5%40.9%44.0%55.2%49.0%57.4%51.7%55.1%31.3%50.5%
Return on Invested Capital (ROIC) TTM            
ROIC TTM30.0%30.0%27.5%34.3%42.4%52.2%54.5%57.4%58.3%65.5%50.1%47.0%

Segment Financials

Operating Income by Segment

$ Mil20242023202220212020
Financial Services    11
Total    11


Assets by Segment
$ Mil20242023202220212020
Homebuilding6,5916,5925,7925,3204,977
Financial Services5760443638
Total6,6486,6525,8365,3565,015


Price Behavior

KBH Betas & Captures as of 10/31/2025

 1M2M3M6M1Y3Y
Beta0.320.500.691.170.590.96
Up Beta0.461.542.531.560.551.00
Down Beta0.390.36-0.410.600.320.55
Up Capture8%15%81%106%51%166%
Bmk +ve Days14273774145425
Stock +ve Days14223467122397
Down Capture45%48%40%123%100%103%
Bmk -ve Days9172853106327
Stock -ve Days9223160128353

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity6,766,131
Short Interest: % Change Since 930202512.3%
Average Daily Volume1,362,242
Days-to-Cover Short Interest4.97
Basic Shares Quantity66,368,000
Short % of Basic Shares10.2%

Returns Analyses

SEC Filings

Expand for More

Report DateFiling DateFiling
83120251009202510-Q 8/31/2025
5312025710202510-Q 5/31/2025
2282025409202510-Q 2/28/2025
11302024124202510-K 11/30/2024
83120241010202410-Q 8/31/2024
5312024705202410-Q 5/31/2024
2292024405202410-Q 2/29/2024
11302023119202410-K 11/30/2023
83120231006202310-Q 8/31/2023
5312023707202310-Q 5/31/2023
2282023407202310-Q 2/28/2023
11302022120202310-K 11/30/2022
83120221007202210-Q 8/31/2022
5312022708202210-Q 5/31/2022
2282022408202210-Q 2/28/2022
11302021121202210-K 11/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Collins Arthur Reginald 5162025Sell54.385,000271,900558,048Form
1PRAW ALBERT ZEVP, Real Estate & Bus. Dev.11152024Sell79.1818,3241,450,8949,278,946Form

External Quote Links


Prefer one of these to Trefis? Tell us why.