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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% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,903.78 | 6,410.63 | 6,930.09 | 6,236.21 |
| Operating 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 |
| Selling General And Administration | - | 629.64 | 632.09 | 686.85 | 646.18 |
| Total Expenses | - | 5,848.75 | 5,668.10 | 6,144.46 | 5,710.96 |
| Operating Income | - | 1,055.03 | 742.53 | 785.62 | 525.25 |
| Total Operating Income As Reported | - | 1,037.37 | 718.74 | 763.91 | 507.06 |
| EBITDA | - | 1,087.34 | 778.95 | 822.89 | 562.55 |
| Normalized EBITDA | - | 1,090.94 | 778.95 | 822.89 | 563.51 |
| EBIT | - | 1,055.03 | 742.53 | 785.62 | 525.25 |
| Interest Income | - | 0.70 | 13.76 | 32.10 | 7.39 |
| Net Interest Income | - | 0.70 | 13.76 | 32.10 | 7.39 |
| Other Income Expense | - | 16.34 | 14.98 | 33.20 | 21.55 |
| Interest Income Non Operating | - | 0.70 | 13.76 | 32.10 | 7.39 |
| Net Non Operating Interest Income Expense | - | 0.70 | 13.76 | 32.10 | 7.39 |
| Pretax Income | - | 1,072.07 | 771.28 | 850.92 | 554.19 |
| Tax Provision | - | 255.40 | 181.10 | 195.90 | 125.40 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.86 | 0 | 0 | -0.22 |
| Net Income Continuous Operations | - | 816.67 | 590.18 | 655.02 | 428.79 |
| Net Income From Continuing And Discontinued Operation | - | 816.67 | 590.18 | 655.02 | 428.79 |
| Net Income From Continuing Operation Net Minority Interest | - | 816.67 | 590.18 | 655.02 | 428.79 |
| Net Income | - | 816.67 | 590.18 | 655.02 | 428.79 |
| Net Income Common Stockholders | - | 812.49 | 585.90 | 650.19 | 426.12 |
| Net Income Including Noncontrolling Interests | - | 816.67 | 590.18 | 655.02 | 428.79 |
| Normalized Income | - | 819.41 | 590.18 | 655.02 | 429.53 |
| Diluted NI Availto Com Stockholders | - | 812.60 | 586.02 | 650.31 | 426.16 |
| Basic Average Shares | - | 86.86 | 80.84 | 74.75 | 67.90 |
| Diluted Average Shares | - | 89.35 | 83.38 | 76.96 | 69.25 |
| 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 |
| Total Unusual Items | - | -3.60 | 0 | 0 | -0.95 |
| Total Unusual Items Excluding Goodwill | - | -3.60 | 0 | 0 | -0.95 |
| Special Income Charges | - | -3.60 | 0 | 0 | -0.95 |
| Other Special Charges | 5.08 | 3.60 | - | - | 0.95 |
| General And Administrative Expense | - | 635.41 | 265.77 | 290.41 | 271.07 |
| Other Gand A | - | 635.41 | 265.77 | 290.41 | 271.07 |
| Other Operating Expenses | 5.06 | 5.76 | - | - | - |
| Selling And Marketing Expense | - | - | 366.32 | 396.44 | 375.11 |
| Otherunder Preferred Stock Dividend | - | 4.17 | 4.27 | 4.83 | 2.67 |
| Earnings From Equity Interest | - | 19.93 | 14.98 | 33.20 | 22.50 |
| Average Dilution Earnings | - | 0.11 | 0.12 | 0.12 | 0.04 |
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 | 7.60↓ discount | 0.84 | 11.0% | 8.43 |
| Ermenegildo Zegna N.V. | ZGN | $4.0B | 40.60 | 3.88 | 9.6% | 10.82 |
| Polaris Inc. | PII | $3.9B | -8.41 | 4.73 | -56.2% | -47.42 |
| Hilton Grand Vacations Inc. | HGV | $3.8B | 47.51 | 2.99 | 6.3% | 14.44 |
| Greif, Inc. | GEF | $3.6B | 13.40 | 1.73 |
| - |
| - |
| - |
| 12.9% |
| 10.88 |
| Abercrombie & Fitch Co. | ANF | $3.5B | 6.88 | 2.49 | 36.1% | 4.44 |
| Madison Square Garden Entertainment Corp. | MSGE | $3.4B | 90.07 | -253.49 | -281.4% | 26.05 |
| Visteon Corporation | VC | $3.3B | 16.18 | 2.07 | 12.8% | 6.33 |
| Peloton Interactive, Inc. | PTON | $2.7B | -22.47 | -6.46 | 28.7% | 33.23 |
| Peer Median | - | 14.79 | 2.28 | 11.2% | 10.85 | |