Stocks · Industrials · Operative Builders

KB HOME

KBH Clue Score46
United States Fiscal year ends November CIK 0000795266
$43.13 -2.79% Close, 9 Oct 2026
Price $43.13 +12.41% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3,594.6Operating income152.4Net income105.6EPS, diluted1.12Fiscal year 2017Revenue4,368.5 +21.5%Operating income283.4Net income180.6 +71.0%EPS, diluted1.85 +65.2%Fiscal year 2018Revenue4,547.0 +4.1%Operating income345.7Net income170.4 −5.7%EPS, diluted1.71 −7.6%Fiscal year 2019Revenue4,552.7 +0.1%Net income268.8 +57.8%EPS, diluted2.85 +66.7%Fiscal year 2020Revenue4,183.2 −8.1%Net income296.2 +10.2%EPS, diluted3.13 +9.8%Fiscal year 2021Revenue5,724.9 +36.9%Net income564.7 +90.6%EPS, diluted6.01 +92.0%Fiscal year 2022Revenue6,903.8 +20.6%Net income816.7 +44.6%EPS, diluted9.09 +51.2%Fiscal year 2023Revenue6,410.6 −7.1%Net income590.2 −27.7%EPS, diluted7.03 −22.7%Fiscal year 2024Revenue6,930.1 +8.1%Net income655.0 +11.0%EPS, diluted8.45 +20.2%Fiscal year 2025Revenue6,236.2 −10.0%Net income428.8 −34.5%EPS, diluted6.15 −27.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,594.6 4,368.5 4,547.0 4,552.7 4,183.2 5,724.9 6,903.8 6,410.6 6,930.1 6,236.2
Growth +21.5% +4.1% +0.1% −8.1% +36.9% +20.6% −7.1% +8.1% −10.0%
Operating income 152.4 283.4 345.7 n/a n/a n/a n/a n/a n/a n/a
Net income 105.6 180.6 170.4 268.8 296.2 564.7 816.7 590.2 655.0 428.8
Growth +71.0% −5.7% +57.8% +10.2% +90.6% +44.6% −27.7% +11.0% −34.5%
EPS, diluted 1.12 1.85 1.71 2.85 3.13 6.01 9.09 7.03 8.45 6.15
Growth +65.2% −7.6% +66.7% +9.8% +92.0% +51.2% −22.7% +20.2% −27.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin4.2%Net margin2.9%Fiscal year 2017Operating margin6.5%Net margin4.1%Fiscal year 2018Operating margin7.6%Net margin3.7%Free cash flow margin4.7%Fiscal year 2019Net margin5.9%Free cash flow margin4.6%Fiscal year 2020Net margin7.1%Free cash flow margin6.7%Fiscal year 2021Net margin9.9%Free cash flow margin−1.3%Fiscal year 2022Net margin11.8%Free cash flow margin2.0%Fiscal year 2023Net margin9.2%Free cash flow margin16.3%Fiscal year 2024Net margin9.5%Free cash flow margin4.7%Fiscal year 2025Net margin6.9%Free cash flow margin4.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 4.2% 6.5% 7.6% n/a n/a n/a n/a n/a n/a n/a
Net margin 2.9% 4.1% 3.7% 5.9% 7.1% 9.9% 11.8% 9.2% 9.5% 6.9%
Free cash flow margin n/a n/a 4.7% 4.6% 6.7% −1.3% 2.0% 16.3% 4.7% 4.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow188.7Buybacks−85.9Dividends paid−8.6Fiscal year 2017Operating cash flow513.2Buybacks0.0Dividends paid−8.6Fiscal year 2018Operating cash flow221.5Capital expenditure−7.4Free cash flow214.1Buybacks−35.0Dividends paid−8.9Fiscal year 2019Operating cash flow251.0Capital expenditure−40.5Free cash flow210.6 −1.7%Buybacks0.0Dividends paid−20.4Fiscal year 2020Operating cash flow310.7Capital expenditure−28.8Free cash flow281.8 +33.8%Buybacks0.0Dividends paid−38.1Fiscal year 2021Operating cash flow−37.3Capital expenditure−39.4Free cash flow−76.7 −127.2%Buybacks−188.2Dividends paid−54.1Fiscal year 2022Operating cash flow183.4Capital expenditure−45.2Free cash flow138.2Buybacks−150.0Dividends paid−52.5Fiscal year 2023Operating cash flow1,082.7Capital expenditure−35.5Free cash flow1,047.2 +657.9%Buybacks−411.4Dividends paid−56.8Fiscal year 2024Operating cash flow362.7Capital expenditure−39.3Free cash flow323.4 −69.1%Buybacks−353.7Dividends paid−71.6Fiscal year 2025Operating cash flow335.7Capital expenditure−48.4Free cash flow287.3 −11.2%Buybacks−541.3Dividends paid−68.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 188.7 513.2 221.5 251.0 310.7 −37.3 183.4 1,082.7 362.7 335.7
Capital expenditure n/a n/a −7.4 −40.5 −28.8 −39.4 −45.2 −35.5 −39.3 −48.4
Free cash flow n/a n/a 214.1 210.6 281.8 −76.7 138.2 1,047.2 323.4 287.3
Growth −1.7% +33.8% −127.2% +657.9% −69.1% −11.2%
Buybacks −85.9 0.0 −35.0 0.0 0.0 −188.2 −150.0 −411.4 −353.7 −541.3
Dividends paid −8.6 −8.6 −8.9 −20.4 −38.1 −54.1 −52.5 −56.8 −71.6 −68.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash593.0Shareholders’ equity1,723.1Fiscal year 2017Cash720.9Shareholders’ equity1,926.3Fiscal year 2018Cash575.1Shareholders’ equity2,087.5Fiscal year 2019Cash454.9Shareholders’ equity2,383.1Fiscal year 2020Cash682.5Shareholders’ equity2,665.8Fiscal year 2021Cash292.1Shareholders’ equity3,019.5Fiscal year 2022Cash330.2Shareholders’ equity3,660.8Fiscal year 2023Cash727.3Shareholders’ equity3,810.1Fiscal year 2024Cash599.2Shareholders’ equity4,060.6Fiscal year 2025Cash230.4Shareholders’ equity3,900.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 593.0 720.9 575.1 454.9 682.5 292.1 330.2 727.3 599.2 230.4
Shareholders’ equity 1,723.1 1,926.3 2,087.5 2,383.1 2,665.8 3,019.5 3,660.8 3,810.1 4,060.6 3,900.9

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending November, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2008 30 Nov 2008 FY2009 30 Nov 2009 FY2010 30 Nov 2010 FY2011 30 Nov 2011 FY2012 30 Nov 2012 FY2013 30 Nov 2013 FY2014 30 Nov 2014 FY2015 30 Nov 2015 FY2016 30 Nov 2016 FY2017 30 Nov 2017 FY2018 30 Nov 2018 FY2019 30 Nov 2019 FY2020 30 Nov 2020 FY2021 30 Nov 2021 FY2022 30 Nov 2022 FY2023 30 Nov 2023 FY2024 30 Nov 2024 FY2025 30 Nov 2025
Margins
−28.4% −13.0% −1.0% −7.8% −1.3% 4.4% 4.8% 4.6% 4.2% 6.5% 7.6% n/a n/a n/a n/a n/a n/a n/a
−32.2% −5.6% −4.4% −13.6% −3.8% 1.9% 38.2% 2.8% 2.9% 4.1% 3.7% 5.9% 7.1% 9.9% 11.8% 9.2% 9.5% 6.9%
n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 4.7% 4.6% 6.7% −1.3% 2.0% 16.3% 4.7% 4.6%
Spending
16.5% 16.6% 18.2% 16.8% 15.2% 12.2% 12.0% 11.3% 10.8% 9.8% 9.8% n/a n/a n/a n/a n/a n/a n/a
n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.2% 0.9% 0.7% 0.7% 0.7% 0.6% 0.6% 0.8%
Returns
−117.5% −14.4% −11.0% −40.4% −15.6% 7.5% 57.5% 5.0% 6.1% 9.4% 8.2% 11.3% 11.1% 18.7% 22.3% 15.5% 16.1% 11.0%
n/a −3.0% −2.2% −7.1% −2.3% 1.3% 19.3% 1.7% 2.1% 3.6% 3.4% 5.4% 5.5% 9.7% 12.3% 8.9% 9.4% 6.4%
Balance and payout
n/a n/a n/a n/a n/a 20.9% 1.0% 10.9% 8.1% 4.8% 5.2% 7.6% 12.8% 9.6% 6.4% 9.6% 10.9% 16.0%
n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 20.5% 9.7% 13.5% n/a 146.5% 44.7% 131.5% 212.3%