KB HOME KBH
KB Home is one of the largest and most trusted homebuilders in the U.S. We have been building homes for nearly 70
years, with over 700,000 homes built since our founding in 1957. We build 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. We offer homes in development communities, at urban in-fill
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.24B | $6.93B | $6.41B | $6.90B | $5.72B | $4.18B | $4.55B | $4.55B | $4.37B | $3.59B |
| SG&A | — | — | — | — | — | — | — | $444.2M | $426.4M | $389.4M |
| Operating income | — | — | — | — | — | — | — | $345.7M | $283.4M | $152.4M |
| Interest expense | — | — | — | — | — | — | $0 | $0 | $622.0K | $5.9M |
| Pre-tax income | $554.2M | $850.9M | $771.3M | $1.07B | $695.3M | $364.0M | $348.2M | $368.0M | $290.0M | $149.3M |
| Income tax | $125.4M | $195.9M | $181.1M | $255.4M | $130.6M | $67.8M | $79.4M | $197.6M | $109.4M | $43.7M |
| Net income | $428.8M | $655.0M | $590.2M | $816.7M | $564.7M | $296.2M | $268.8M | $170.4M | $180.6M | $105.6M |
| EPS, basic | 6.28 | 8.70 | 7.25 | 9.35 | 6.22 | 3.26 | 3.04 | 1.93 | 2.09 | 1.23 |
| EPS, diluted | 6.15 | 8.45 | 7.03 | 9.09 | 6.01 | 3.13 | 2.85 | 1.71 | 1.85 | 1.12 |
| Shares, diluted (wtd. avg.) | $69.3M | $77.0M | $83.4M | $89.3M | $93.6M | $94.1M | $93.8M | $101.1M | $98.3M | $96.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $230.4M | $599.2M | $727.3M | $330.2M | $292.1M | $682.5M | $454.9M | $575.1M | $720.9M | $593.0M |
| Property, plant and equipment | $101.5M | $90.4M | $88.3M | $89.2M | $76.3M | $65.5M | $65.0M | $24.3M | $19.5M | $14.2M |
| Total assets | $6.68B | $6.94B | $6.65B | $6.65B | $5.84B | $5.36B | $5.02B | $5.07B | $5.04B | $5.13B |
| Retained earnings | $3.63B | $3.27B | $3.68B | $3.14B | $2.38B | $1.87B | $2.16B | $1.90B | $1.74B | $1.56B |
| Total equity | $3.90B | $4.06B | $3.81B | $3.66B | $3.02B | $2.67B | $2.38B | $2.09B | $1.93B | $1.72B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $335.7M | $362.7M | $1.08B | $183.4M | -$37.3M | $310.7M | $251.0M | $221.5M | $513.2M | $188.7M |
| Stock-based compensation | $46.2M | $34.5M | $34.6M | $29.5M | $28.9M | $21.5M | $18.3M | $15.9M | $14.6M | $16.9M |
| Capital expenditure | $48.4M | $39.3M | $35.5M | $45.2M | $39.4M | $28.8M | $40.5M | $7.4M | — | — |
| Investing cash flow | -$61.8M | -$50.1M | -$58.1M | -$71.8M | -$38.1M | -$26.6M | -$40.9M | -$20.1M | -$15.7M | -$6.1M |
| Financing cash flow | -$642.6M | -$440.8M | -$627.5M | -$73.6M | -$315.0M | -$56.4M | -$330.4M | -$347.1M | -$369.6M | -$149.9M |
| Dividends paid | $68.6M | $71.6M | $56.8M | $52.5M | $54.1M | $38.1M | $20.4M | $8.9M | $8.6M | $8.6M |
| Buybacks | $541.3M | $353.7M | $411.4M | $150.0M | $188.2M | $0 | $0 | $35.0M | $0 | $85.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000795266-26-000017.
Others in SIC 1531
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| DHI | HORTON D R INC /DE/ | $39.93B | 12.3x | -6.9% |
| PHM | PULTEGROUP INC/MI/ | $23.33B | 11.2x | -3.5% |
| NVR | NVR INC | $16.79B | 14.4x | -1.9% |
| TOL | Toll Brothers, Inc. | $13.06B | 10.5x | 1.1% |
| ECG | Everus Construction Group, Inc. | $5.99B | 29.7x | 31.5% |
| MTH | Meritage Homes CORP | $4.39B | 10.6x | — |
| MHO | M/I HOMES, INC. | $3.75B | 10.1x | -1.9% |
| GRBK | Green Brick Partners, Inc. | $3.06B | 10.1x | -1.0% |