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KB Home operates as a homebuilding company in the United States. It builds and sells homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers. The company also provides financial services, such as mortgage banking services, such as residential consumer mortgage loan originations to homebuyers; property and casualty insurance services, as well as earthquake, flood, and personal property insurance products to homebuyers; and title services. It conducts operations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is based in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $6.2B | $563M | $429M | $287M | 11.0% | -10.0% | -34.5% |
| 2024 | $6.9B | $823M | $655M | $323M | 16.1% | 8.1% | 11.0% |
| 2023 | $6.4B | $779M | $590M | $1.0B | 15.5% | -7.1% | -27.7% |
| 2022 | $6.9B | $1.1B | $817M | $138M | 22.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 6,903.78 | 6,410.63 | 6,930.09 | 6,236.21 |
| Cost Of Revenue | 5,219.10 | 5,036 | 5,457.62 | 5,064.78 |
| Gross Profit | 1,684.67 | 1,374.63 | 1,472.47 | 1,171.43 |
| Operating Expense | 629.64 | 632.09 | 686.85 | 646.18 |
| Operating Income | 1,055.03 | 742.53 | 785.62 | 525.25 |
| EBITDA | 1,087.35 | 778.95 | 822.89 | 562.55 |
| EBIT | 1,055.03 | 742.53 | 785.62 | 525.25 |
| Pretax Income | 1,072.07 | 771.28 | 850.92 | 554.19 |
| Tax Provision | 255.40 | 181.10 | 195.90 | 125.40 |
| Net Income | 816.67 | 590.18 | 655.02 | 428.79 |
| Net Income Common Stockholders | 812.49 | 585.90 | 650.19 | 426.12 |
| Total Expenses | 5,848.75 | 5,668.10 | 6,144.46 | 5,710.96 |
| Interest Income | 0.70 | 13.76 | 32.10 | 7.39 |
| Selling General And Administration | 629.64 | 632.09 | 686.85 | 646.18 |
| Normalized EBITDA | 1,090.94 | 778.95 | 822.89 | 563.51 |
| Normalized Income | 819.41 | 590.18 | 655.02 | 429.53 |
| Basic EPS | 9.35 | 7.25 | 8.70 | 6.28 |
| Diluted EPS | 9.09 | 7.03 | 8.45 | 6.15 |
| Tax Effect Of Unusual Items | -0.86 | 0 | 0 | -0.22 |
| Tax Rate For Calcs | 0.24 | 0.23 | 0.23 | 0.23 |
| Total Unusual Items | -3.60 | 0 | 0 | -0.95 |
| Total Unusual Items Excluding Goodwill | -3.60 | 0 | 0 | -0.95 |
| Net Income From Continuing Operation Net Minority Interest | 816.67 | 590.18 | 655.02 | 428.79 |
| Reconciled Depreciation | 32.32 | 36.41 | 37.27 | 37.30 |
| Reconciled Cost Of Revenue | 5,219.10 | 5,036 | 5,457.62 | 5,064.78 |
| Net Interest Income | 0.70 | 13.76 | 32.10 | 7.39 |
| Net Income From Continuing And Discontinued Operation | 816.67 | 590.18 | 655.02 | 428.79 |
| Total Operating Income As Reported | 1,037.37 | 718.74 | 763.91 | 507.06 |
| Diluted Average Shares | 89.35 | 83.38 | 76.95 | 69.25 |
| Basic Average Shares | 86.86 | 80.84 | 74.75 | 67.91 |
| Diluted NI Availto Com Stockholders | 812.60 | 586.02 | 650.31 | 426.16 |
| Average Dilution Earnings | 0.11 | 0.12 | 0.12 | 0.04 |
| Otherunder Preferred Stock Dividend | 4.17 | 4.27 | 4.83 | 2.67 |
| Net Income Including Noncontrolling Interests | 816.67 | 590.18 | 655.02 | 428.79 |
| Net Income Continuous Operations | 816.67 | 590.18 | 655.02 | 428.79 |
| Other Income Expense | 16.34 | 14.98 | 33.20 | 21.55 |
| Special Income Charges | -3.60 | 0 | 0 | -0.95 |
| Other Special Charges | 3.60 | 0 | 0 | 0.95 |
| Earnings From Equity Interest | 19.93 | 14.98 | 33.20 | 22.50 |
| Net Non Operating Interest Income Expense | 0.70 | 13.76 | 32.10 | 7.39 |
| Interest Income Non Operating | 0.70 | 13.76 | 32.10 | 7.39 |
| Other Operating Expenses | 5.76 | 0 | 0 | 0 |
| Selling And Marketing Expense | 0 | 366.32 | 396.44 | 375.11 |
| General And Administrative Expense | 635.41 | 265.77 | 290.41 | 271.07 |
| Other Gand A | 635.41 | 265.77 | 290.41 | 271.07 |
| Operating Revenue | 6,903.78 | 6,410.63 | 6,930.09 | 6,236.21 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| KB Homethis co. | KBH | $3.3B | 10.10↓ discount | 0.85 | 11.0% | 9.82 |
| Polaris Inc. | PII | $3.8B | - | 4.58 | -55.9% | 16.72 |
| Greif, Inc. | GEF | $3.7B | 27.04 | 1.25 | 12.0% | 8.25 |
| Hilton Grand Vacations Inc. | HGV | $3.5B | 48.76 | 2.80 | 5.6% | 12.92 |
| Ermenegildo Zegna N.V. | ZGN | $3.1B | 26.16 | 2.59 |
| 9.0% |
| 15.69 |
| Madison Square Garden Entertainment Corp. | MSGE | $3.1B | 59.39 | 84.95 | -281.4% | 18.64 |
| Global Business Travel Group, Inc. | GBTG | $3.0B | 26.18 | 1.87 | 6.6% | 12.80 |
| Visteon Corporation | VC | $2.9B | 18.07 | 1.85 | 12.2% | 6.60 |
| FIGS, Inc. | FIGS | $2.5B | 79.11 | 5.70 | 7.8% | 47.90 |
| Peer Median | - | 27.04 | 2.69 | 7.2% | 14.31 | |