KB Home
Builds personalized U.S. homes through a Built to Order model.
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Profile
Builds personalized detached and attached homes, townhomes, and condominiums across regional U.S. markets, earning nearly all revenue from homebuilding. Its Built to Order model lets buyers choose homesites, plans, structural options, and Design Studio finishes, while financial services provide insurance and title services and indirect mortgage access.
Builds attached and detached single-family homes, townhomes, and condominiums in communities, urban infill sites, and mixed-use projects across regional U.S. markets. Homebuilding generates nearly all revenue; financial services provide insurance and title services, while a joint venture provides mortgage banking.
Centers its Built to Order model on buyer choices spanning homesites, floor plans, elevations, structural options, and KB Home Design Studio finishes. Centralized architecture, standardized plans, and energy- and water-efficient specifications support construction efficiency and personalization.
Organizes homebuilding into West Coast, Southwest, Central, and Southeast regions. Results depend on acquiring and developing land, managing material and labor availability, controlling build times and costs, and buyers' access to affordable mortgages and homeowners insurance. Projects also require local entitlements, permits, utility coordination, and building-code compliance.
Company facts
Key statistics
Year to date −3.9% · Average volume (30d) 911.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 25, 2026 | Barclays | Reiterate | Overweight | $62 | $57 | |
| Jun 24, 2026 | Truist Financial | Target | $50 | $56 | ||
| Jun 24, 2026 | UBS | Reiterate | Buy | $71 | $66 | |
| May 4, 2026 | Truist Financial | Target | $65 | $50 | ||
| Apr 7, 2026 | Seaport Global | Downgrade | Buy | Sell |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jun 23, 2026Q2 FY26 | $0.44 | $0.43 | −2.3% | $1.09B | $1.11B | +2.1% | +16.65% |
| Mar 24, 2026Q1 FY26 | $0.52 | $0.52 | 0.0% | $1.09B | $1.08B | −1.4% | −1.55% |
| Jan 12, 2026Q4 FY25 | $1.79 | $2.52 | +40.8% | $1.66B | $1.69B | +1.9% | +1.41% |
| Sep 24, 2025Q3 FY25 | $1.50 | $1.61 | +7.3% | $1.59B | $1.62B | +1.8% | −0.63% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.53B | $1.62B | $1.69B | $1.08B | $1.11B | |
| Gross profit | $282.8M | $298.0M | $297.7M | $292.9M | $167.4M | $174.0M | |
| Operating income | $130.5M | $134.8M | $135.6M | $124.4M | $36.4M | $32.0M | |
| Net income | $109.6M | $107.9M | $109.8M | $101.5M | $33.4M | $27.3M | |
| Diluted EPS | $1.49 | $1.50 | $1.61 | $1.55 | $0.52 | $0.43 | |
| Gross margin | 20.3% | 19.5% | 18.4% | 17.3% | 15.5% | 15.6% | |
| Operating margin | 9.4% | 8.8% | 8.4% | 7.3% | 3.4% | 2.9% |
Fiscal years (4-quarter sums)FY21 $5.72B · FY22 $6.90B · FY23 $6.41B · FY24 $6.93B · FY25 $6.24B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, May 31, 2026Cash & short-term investments $199.8M · Total debt $2.00B · Total assets $6.78B · Shareholders' equity $3.80B
Dividends
Raised for 13 straight years — most recently to $0.25 from $0.20 in May 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 6, 2026 | Aug 6 | Aug 20 | $0.25 | |
| May 7, 2026 | May 7 | May 21 | $0.25 | |
| Feb 5, 2026 | Feb 5 | Feb 19 | $0.25 | |
| Nov 13, 2025 | Nov 13 | Nov 26 | $0.25 | |
| Aug 7, 2025 | Aug 7 | Aug 21 | $0.25 | |
| May 8, 2025 | May 8 | May 22 | $0.25 | |
| Feb 6, 2025 | Feb 6 | Feb 20 | $0.25 | |
| Nov 14, 2024 | Nov 14 | Nov 27 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 61.31M · Float 58.43M · 95.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 9.88M | 16.12% | 13F | Aug 7, 2026 |
| FMR LLC | 5.19M | 8.47% | 13F | Aug 13, 2026 |
| State Street Corp | 3.55M | 5.78% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management | 3.27M | 5.21% | 13G | Jul 31, 2026 |
| Vanguard Capital Management | 3.20M | 5.11% | 13G | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Albert Z. Praw | officer: EVP, Real Estate & Bus. Dev. | −22,015 | $58.70 |
| Aug 6, 2026 | Arthur Reginald Collins | director | −4,000 | $56.96 |
| Jul 13, 2026 | Robert V. McGibney | director, officer: President and CEO | −20,621 | $55.31 |
| Jul 15, 2026 | Jeffrey T. Mezger | director, officer: Executive Chairman | −51,018 | $56.51 |
| Jul 14, 2026 | Jeffrey T. Mezger | director, officer: Executive Chairman | −129,062 | $55.05 |
Peers
- D.R. Horton
National scale in entry-level and move-up homes
- Lennar
National affordable and move-up builder with financing
- PulteGroup
Multi-brand builder across first-time, move-up, active-adult
- Meritage Homes
Entry-level and energy-efficient homes in overlapping states
- Toll Brothers
Luxury move-up builder with design-studio overlap
- NVR
Pre-sold Ryan Homes model with Southeast overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| KB Home | $54.96 | +0.18% | $3.36B | 13.3 | 13.6 | 0.6 | −27.3% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Lennar | $86.50 | +0.19% | $21.44B | 13.5 | 15.2 | 0.7 | −5.0% |
| PulteGroup | $128.55 | +0.02% | $24.81B | 13.2 | 12.0 | 1.5 | −9.6% |
| Meritage Homes | $71.02 | −0.14% | $4.74B | 14.9 | 12.9 | 0.9 | −14.3% |
| Toll Brothers | $146.22 | +0.02% | $13.67B | 11.7 | 10.6 | 1.3 | −9.7% |
| NVR | $6,396.27 | −0.21% | $17.27B | 16.6 | 16.6 | 1.8 | −10.6% |
| Median | 13.8 | 13.0 | 1.3 | −9.6% |