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) Operating margin

Alert me on Operating margin

KB Home's operating margin over the twelve months to 31 August 2026 was 5.18%, down 3.3 percentage points from fiscal 2025 (8.51%). Over the past ten years it has ranged from 4.57% (fiscal 2016) to 15.3% (fiscal 2022); the current reading is higher than 64% of that period. That is below the Residential Construction industry median of 7.50% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 8.51% (2.91)
FY2024 11.4% (0.25)
FY2023 11.7% (3.64)
FY2022 15.3% 3.50
FY2021 11.8% 3.87
FY2020 7.94% 0.48
FY2019 7.46% (0.43)
FY2018 7.89% 1.25
FY2017 6.64% 2.07
FY2016 4.57% (0.37)

Quarterly newest first

Period Operating margin Change (points)
Aug 2026 5.54% 2.53
May 2026 3.01% (0.51)
Feb 2026 3.52% (3.85)
Nov 2025 7.37% (1.10)
43 more quarters

Against its own ten years

Low 4.57% High 15.3%
Ten-year median 7.94%
Current reading's percentile 14

Operating margin against peers

Company Operating margin
GRBK Green Brick Partners, Inc. compare 17.4%
IBP Installed Building Products, Inc. compare 11.8%
CVCO Cavco Industries, Inc. compare 9.54%
SKY Champion Homes, Inc. compare 8.27%
MHO M/I Homes, Inc. compare 8.21%
MTH Meritage Homes Corporation compare 6.78%
KBH KB Home 5.18%
LGIH LGI Homes, Inc. compare 4.18%
DFH Dream Finders Homes, Inc. compare 2.96%
Residential Construction industry median 7.50%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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