KB Home (KBH) financial statements
KB Home reported revenue of $6.2B in fiscal 2025, up 6.3% a year over 9 years.
Net income was $429M.
Free cash flow was $287M, and the company returned $69M in dividends and $541M in net buybacks.
The diluted share count fell 28% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from KB Home's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B | $4.4B | $4.5B | $4.6B | $4.2B | $5.7B | $6.9B | $6.4B | $6.9B | $6.2B |
| Selling, general and admin | $389M | $426M | $444M | — | — | — | — | — | — | — |
| Operating income | $152M | $283M | $346M | — | — | — | — | — | — | — |
| Interest expense | $6M | $622,000 | $0 | $0 | — | — | — | — | — | — |
| Pre-tax income | $149M | $290M | $368M | $348M | $364M | $695M | $1.1B | $771M | $851M | $554M |
| Income tax | $44M | $109M | $198M | $79M | $68M | $131M | $255M | $181M | $196M | $125M |
| Net income | $106M | $181M | $170M | $269M | $296M | $565M | $817M | $590M | $655M | $429M |
| EPS (diluted) | $1.12 | $1.85 | $1.71 | $2.85 | $3.13 | $6.01 | $9.09 | $7.03 | $8.45 | $6.15 |
| Diluted shares | 96M | 98M | 101M | 94M | 94M | 94M | 89M | 83M | 77M | 69M |
| Operating margin | 4.2% | 6.5% | 7.6% | — | — | — | — | — | — | — |
| Net margin | 2.9% | 4.1% | 3.7% | 5.9% | 7.1% | 9.9% | 11.8% | 9.2% | 9.5% | 6.9% |
Balance sheet
Fiscal years, from KB Home's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $593M | $721M | $575M | $455M | $683M | $292M | $330M | $727M | $599M | $230M |
| Property, plant and equipment | $14M | $20M | $24M | $65M | $66M | $76M | $89M | $88M | $90M | $101M |
| Total assets | $5.1B | $5.0B | $5.1B | $5.0B | $5.4B | $5.8B | $6.7B | $6.6B | $6.9B | $6.7B |
| Total liabilities | $3.4B | $3.1B | $3.0B | $2.6B | $2.7B | $2.8B | $3.0B | $2.8B | $2.9B | $2.8B |
| Shareholders' equity | $1.7B | $1.9B | $2.1B | $2.4B | $2.7B | $3.0B | $3.7B | $3.8B | $4.1B | $3.9B |
| Net debt | -$593M | -$721M | -$575M | -$455M | -$683M | -$292M | -$330M | -$727M | -$599M | -$230M |
Cash flow
Fiscal years, from KB Home's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $189M | $513M | $222M | $251M | $311M | -$37M | $183M | $1.1B | $363M | $336M |
| Capital spending | — | — | $7M | $40M | $29M | $39M | $45M | $35M | $39M | $48M |
| Free cash flow | — | — | $214M | $211M | $282M | -$77M | $138M | $1.0B | $323M | $287M |
| Stock-based compensation | $17M | $15M | $16M | $18M | $22M | $29M | $29M | $35M | $34M | $46M |
| Dividends paid | $9M | $9M | $9M | $20M | $38M | $54M | $52M | $57M | $72M | $69M |
| Share buybacks (net) | -$86M | $0 | -$35M | $0 | $0 | -$188M | -$150M | -$411M | -$354M | -$541M |
| Net borrowing | $0 | -$270M | -$300M | -$986M | $0 | -$455M | -$704M | — | — | — |
| Free cash flow margin | — | — | 4.7% | 4.6% | 6.7% | -1.3% | 2.0% | 16.3% | 4.7% | 4.6% |
| Dividends per share | $0.09 | $0.09 | $0.09 | $0.22 | $0.40 | $0.58 | $0.59 | $0.68 | $0.93 | $0.99 |
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Open KBH in InvestinglyQuestions
What was KB Home's revenue in 2025?
$6.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does KB Home generate?
$287M in fiscal 2025 (operating cash flow minus capital spending).
From KB Home's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.