KB Home

KBH Consumer Cyclical Residential Construction

KB Home’s revenue for fiscal 2025 (year ended November 2025) was $6.2 billion, down 10.0% from fiscal 2024.

Revenue
−20.0%
EPS
−35.3%
Free cash flow
−178.0%

Quarter to August 2026, against a year earlier

51.99 1.13 −2.13%
Market cap
$3.2B
P/E
14.4×
Fwd P/E
14.9×
Dividend yield
1.92%
F-score
5/9
Altman Z
3.83
Beneish M
−2.41
Dividend safety
75/100

KB Home (KBH) Gross margin

Alert me on Gross margin

KB Home's gross margin over the twelve months to 31 August 2026 was 16.5%, down 2.4 percentage points from fiscal 2025 (18.9%). Over the past ten years it has ranged from 15.4% (fiscal 2016) to 24.5% (fiscal 2022); the current reading is higher than 55% of that period. That is below the Residential Construction industry median of 19.2% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 18.9% (2.46)
FY2024 21.3% (0.19)
FY2023 21.5% (2.96)
FY2022 24.5% 2.56
FY2021 21.9% 2.74
FY2020 19.2% 0.66
FY2019 18.5% 0.87
FY2018 17.7% 1.13
FY2017 16.5% 1.13
FY2016 15.4% (0.85)

Quarterly newest first

Period Gross margin Change (points)
Aug 2026 16.9% 1.21
May 2026 15.6% (0.05)
Feb 2026 15.7% (1.68)
Nov 2025 17.4% (1.10)
43 more quarters

Against its own ten years

Low 15.4% High 24.5%
Ten-year median 18.9%
Current reading's percentile 19

Gross margin against peers

Company Gross margin
IBP Installed Building Products, Inc. compare 33.1%
GRBK Green Brick Partners, Inc. compare 29.0%
SKY Champion Homes, Inc. compare 25.5%
CVCO Cavco Industries, Inc. compare 22.7%
MHO M/I Homes, Inc. compare 21.8%
LGIH LGI Homes, Inc. compare 19.2%
MTH Meritage Homes Corporation compare 17.7%
KBH KB Home 16.5%
DFH Dream Finders Homes, Inc. compare 15.2%
Residential Construction industry median 19.2%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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