/KBHFinancial History
Annual Financials
| Fiscal Year | Revenue | Gross Profit | Gross Margin | Net Income | EPS (Diluted) | Total Assets | Total Equity |
|---|---|---|---|---|---|---|---|
| FY2025 | $6.2B | $1.2B | 18.6% | $429M | $6.15 | $6.7B | $3.9B |
| FY2024 | $6.9B | $1.4B | 20.9% | $655M | $8.45 | $6.9B | $4.1B |
| FY2023 | $6.4B | $1.3B | 20.7% | $590M | $7.03 | $6.6B | $3.8B |
| FY2022 | $6.9B | $1.5B | 22.4% | $817M | $9.09 | $6.7B | $3.7B |
| FY2021 | $5.7B | $1.3B | 22.3% | $565M | $6.01 | $5.8B | $3.0B |
| FY2020 | $4.2B | $837M | 20.0% | $296M | $3.13 | $5.4B | $2.7B |
| FY2019 | $4.6B | $833M | 18.3% | $269M | $2.85 | $5.0B | $2.4B |
| FY2018 | $4.5B | $796M | 17.5% | $170M | $1.71 | $5.1B | $2.1B |
| FY2017 | $4.4B | $764M | 17.5% | $181M | $1.85 | $5.0B | $1.9B |
| FY2016 | $3.6B | $582M | 16.2% | $106M | $1.12 | $5.1B | $1.7B |
| FY2015 | $3.0B | $494M | 16.3% | $85M | $0.85 | $5.0B | $1.7B |
| FY2014 | $2.4B | $435M | 18.1% | $918M | $9.25 | $4.8B | $1.6B |
Builder Operating KPIsExtracted from earnings releases
| Period | Orders | Closings | Cancel % | Backlog | Backlog $ | ASP | Communities | Lots Owned | Lots Ctrl | Inventory | Specs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 FY2026 | 2,846 | 2,370 | 12.0% | 3,604 | $1.7B | $452K | 276 | 37,322 | 63,257 | — | — |
| Q4 FY2025 | 2,414 | 3,619 | 18.0% | 3,128 | $1.4B | $466K | 271 | 36,829 | 64,612 | — | — |
| Q3 FY2025 | 2,950 | 3,393 | 17.0% | 4,333 | $2.0B | $476K | 259 | 37,845 | 65,251 | — | — |
| Q2 FY2025 | 3,460 | 3,120 | 16.0% | 4,776 | $2.3B | $489K | 254 | 39,663 | 74,837 | — | — |
| Q1 FY2025 | 2,772 | 2,770 | 16.0% | 4,436 | $2.2B | $501K | 255 | 42,245 | 78,233 | — | — |
| Q4 FY2024 | 2,688 | 3,978 | 14.0% | 4,434 | $1.3B | $501K | 258 | 39,118 | 76,703 | — | — |
| Q3 FY2024 | 3,085 | 3,631 | 15.0% | 5,724 | $1.5B | $481K | 254 | 40,182 | 69,279 | — | — |
| Q2 FY2024 | 3,997 | 3,523 | 13.0% | 6,270 | $3.1B | $483K | 247 | 39,975 | 65,533 | — | — |
| Q1 FY2024 | 3,323 | 3,037 | 14.0% | 5,796 | $1.6B | $480K | 238 | 39,966 | 55,509 | — | — |
| Q4 FY2023 | 1,909 | 3,407 | 26.0% | 5,510 | $2.7B | $487K | 242 | 40,862 | 68,795 | — | — |
| Q3 FY2023 | 3,097 | 3,375 | 21.0% | 7,008 | $1.5B | $466K | 230 | 42,849 | 68,795 | — | — |
| Q2 FY2023 | 3,936 | 3,666 | 22.0% | 7,286 | $1.9B | $480K | 253 | 43,449 | 68,795 | — | — |
| Q1 FY2023 | 2,868 | 2,788 | 36.0% | 11,886 | $1.0B | $495K | 256 | 46,178 | 68,795 | — | — |
| Q4 FY2022 | 692 | 3,786 | 68.0% | 7,662 | $3.7B | $510K | 246 | 48,156 | 86,768 | — | — |
| Q3 FY2022 | 2,040 | 3,615 | 35.0% | 10,756 | $5.3B | $509K | 221 | 51,413 | 86,768 | — | — |
| Q2 FY2022 | 3,914 | 3,469 | 17.0% | 12,331 | $6.1B | $491K | 211 | 52,071 | 89,778 | — | — |
| Q1 FY2022 | — | 2,868 | 27.0% | 11,886 | $5.7B | $486K | 208 | 51,162 | 88,212 | — | — |
| Q4 FY2021 | — | — | 10.0% | 10,544 | $5.0B | $451K | 217 | 48,590 | 86,768 | — | — |
| Q3 FY2021 | 7,796 | 3,425 | 9.0% | 10,694 | $4.8B | $492K | 205 | 46,959 | 80,964 | — | — |
| Q2 FY2021 | 5,251 | 6,368 | 9.0% | 10,034 | $4.3B | $410K | 200 | 42,601 | 77,458 | — | — |
Source: SEC 8-K earnings releases, extracted via regex with provenance tracking. Showing most recent 20 quarters.
Management Sentiment Analysis
Scored from earnings release language using ML analysis. Range: -1.0 (negative) to +1.0 (positive).
Current Posture
Q1 FY2026
Score: -0.10
Net orders grew 3% year-over-year with solid traffic and a lower cancellation rate, but deliveries and backlog value declined, indicating mixed demand signals.
Gross profit margin declined significantly due to price reductions, higher land costs, and reduced operating leverage, leading to a sharp drop in operating income margin.
Management highlighted strong execution in build times and new community openings, implying stable labor and trade capacity despite no explicit wage commentary.
Lot count decreased 2% with higher relative land costs impacting margins, though community count grew, showing some progress but cost pressures remain.
Management expressed cautious optimism with expectations for stronger second-half results and maintained full-year guidance despite near-term revenue and margin declines.
Uncertainty from geopolitical conflict and multiple consumer challenges were noted, adding to macro risks and contributing to cautious tone.
Recent Trend
Sentiment for KB Home reflects a persistently cautious outlook driven by ongoing margin compression and elevated risks, despite some stabilization in demand during Q1 FY2026. While net orders showed modest growth and labor conditions appeared stable, margin pressures from price reductions and high land costs remained significant, constraining profitability. Management maintained cautious guidance throughout, balancing near-term challenges with confidence in long-term value creation amid a complex macroeconomic environment.
Builder vs. Industry Sentiment
Orange = KBH · Gray = Industry average (Q1 FY2026)