KB Home (KBH) Income Statement

NYSE: KBHRevenue, profits, margins and EPS over 10 years.

KBH FY2025 at a glance

Fiscal year ended November 30, 2025 · U.S. dollars
Revenue−10.0%
$6.24B
FY2025 · hover or tap a bar for each year
FY2016: $3.59B (+18.6%)FY2017: $4.37B (+21.5%)FY2018: $4.55B (+4.1%)FY2019: $4.55B (+0.1%)FY2020: $4.18B (−8.1%)FY2021: $5.72B (+36.9%)FY2022: $6.90B (+20.6%)FY2023: $6.41B (−7.1%)FY2024: $6.93B (+8.1%)FY2025: $6.24B (−10.0%)
FY2016FY2025
Gross profit−20.4%
$1.17B
FY2025 · hover or tap a bar for each year
FY2016: $549.7M (+12.4%)FY2017: $718.6M (+30.7%)FY2018: $799.2M (+11.2%)FY2019: $839.5M (+5.0%)FY2020: $802.7M (−4.4%)FY2021: $1.25B (+55.8%)FY2022: $1.68B (+34.7%)FY2023: $6.37B (+278.2%)FY2024: $1.47B (−76.9%)FY2025: $1.17B (−20.4%)
FY2016FY2025
Operating income−33.1%
$525.3M
FY2025 · hover or tap a bar for each year
FY2016: $152.4M (+9.9%)FY2017: $283.4M (+86.0%)FY2018: $345.7M (+22.0%)FY2019: $331.4M (−4.1%)FY2020: $316.5M (−4.5%)FY2021: $661.3M (+109.0%)FY2022: $1.06B (+59.5%)FY2023: $718.7M (−31.9%)FY2024: $785.6M (+9.3%)FY2025: $525.3M (−33.1%)
FY2016FY2025
Net income−34.5%
$428.8M
FY2025 · hover or tap a bar for each year
FY2016: $105.6M (+24.8%)FY2017: $180.6M (+71.0%)FY2018: $170.4M (−5.7%)FY2019: $268.8M (+57.8%)FY2020: $296.2M (+10.2%)FY2021: $564.7M (+90.6%)FY2022: $816.7M (+44.6%)FY2023: $590.2M (−27.7%)FY2024: $655.0M (+11.0%)FY2025: $428.8M (−34.5%)
FY2016FY2025
EPS (diluted)−27.4%
$6.15
FY2025 · hover or tap a bar for each year
FY2016: $1.13 (+34.5%)FY2017: $1.83 (+61.9%)FY2018: $2.80 (+53.0%)FY2019: $2.86 (+2.1%)FY2020: $3.13 (+9.4%)FY2021: $6.03 (+92.7%)FY2022: $9.17 (+52.1%)FY2023: $7.09 (−22.7%)FY2024: $8.47 (+19.5%)FY2025: $6.15 (−27.4%)
FY2016FY2025
Net profit margin−2.6 pts
6.9%
FY2025 · hover or tap a point for each year
FY2016: 2.9% (+0.1 pts)FY2017: 4.1% (+1.2 pts)FY2018: 3.7% (−0.4 pts)FY2019: 5.9% (+2.2 pts)FY2020: 7.1% (+1.2 pts)FY2021: 9.9% (+2.8 pts)FY2022: 11.8% (+2.0 pts)FY2023: 9.2% (−2.6 pts)FY2024: 9.5% (+0.2 pts)FY2025: 6.9% (−2.6 pts)
FY2016FY2025

KBH revenue and net income

RevenueNet incomeNet margin (right axis)

Where KBH's revenue goes

FY2025
Revenue
$6.24B100.0%
Cost of revenue
−$5.06B−81.2%
Gross profit
$1.17B18.8%
Sales, general & admin
−$646.2M−10.4%
Operating income
$525.3M8.4%
Interest & other income
$28.9M0.5%
Income taxes
−$125.4M−2.0%
Net income
$428.8M6.9%

Each bar shows an amount and its share of revenue. KBH kept 6.9% of revenue as net income.

KBH profit margins

GrossOperatingNet

KBH growth rates

to FY2025
1 year3 years5 years10 years
Revenue−10.0%−3.3%+8.3%+7.5%
Gross profit−20.4%−11.4%+7.9%+9.1%
Operating income−33.1%−20.7%+10.7%+14.2%
Net income−34.5%−19.3%+7.7%+17.6%
EPS (diluted)−27.4%−12.5%+14.5%+22.0%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

KBH quarterly EPS vs estimates

Reported EPSAnalyst estimate

KB Home beat the analyst EPS estimate in 5 of the last 8 quarters.

KBH income statement

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue$6.24B$6.93B$6.41B$6.90B$5.72B$4.18B$4.55B$4.55B$4.37B$3.59B
Cost of revenue$5.06B$5.46B$39.5M$5.22B$4.47B$3.38B$3.71B$3.75B$3.65B$3.04B
Gross profit$1.17B$1.47B$6.37B$1.68B$1.25B$802.7M$839.5M$799.2M$718.6M$549.7M
Research & development———————$0$0$0
Sales, general & admin$646.2M$686.8M$775.7M$641.2M$584.5M$470.8M$497.4M$444.2M$426.4M$389.4M
Total operating expenses$646.2M$686.8M$5.65B$629.6M$589.2M$486.3M$508.1M$453.5M$435.2M$397.3M
Operating income$525.3M$785.6M$718.7M$1.06B$661.3M$316.5M$331.4M$345.7M$283.4M$152.4M
Interest income$7.4M$32.1M$13.8M$704,000$1.0M$2.6M$2.2M$3.5M$1.2M$529,000
Interest expense——$107.1M$704,000$120.5M$124.1M$143.4M$0$621,999$5.9M
Income before taxes$554.2M$850.9M$409.1M$1.07B$695.3M$364.0M$348.2M$368.0M$290.0M$149.3M
Income taxes$125.4M$195.9M−$181.1M$255.4M$130.6M$67.8M$79.4M$197.6M$109.4M$43.7M
Net income$428.8M$655.0M$590.2M$816.7M$564.7M$296.2M$268.8M$170.4M$180.6M$105.6M
EBITDA$591.5M$888.2M$718.7M$1.10B$704.8M$356.3M$369.3M$357.6M$293.4M$158.9M
EPS (diluted)$6.15$8.47$7.09$9.17$6.03$3.13$2.86$2.80$1.83$1.13
Gross margin18.8%21.2%99.4%24.4%21.8%19.2%18.4%17.6%16.5%15.3%
Operating margin8.4%11.3%11.2%15.3%11.6%7.6%7.3%7.6%6.5%4.2%
Net margin6.9%9.5%9.2%11.8%9.9%7.1%5.9%3.7%4.1%2.9%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KBH's financial statements (latest annual report filed January 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

KBH financial results

In fiscal year 2025 (ended November 30, 2025), KB Home reported revenue of $6.2 billion, down 10.0% from the year before. It had net income of $428.8 million (down 34.5%), a net profit margin of 6.9%. Diluted earnings per share came to $6.15. Over five years revenue grew at an average rate of 8.3% a year.

See the KBH stock overview for the latest quote and news, or the KBH chart for price history and technical indicators.

KBH income statement FAQ

What is KB Home's annual revenue?

KB Home reported total revenue of $6.2 billion for fiscal year 2025, which ended on November 30, 2025. That was down 10.0% from $6.9 billion the previous year.

Is KB Home profitable?

Yes. KB Home reported net income of $428.8 million in fiscal 2025, a net profit margin of 6.9%; its operating margin was 8.4%.

What is KB Home's gross margin?

KB Home's gross margin was 18.8% in fiscal 2025: for every $100 of revenue, KB Home kept $19 after the direct cost of its products and services.

How fast is KB Home growing?

Revenue grew 8.3% a year on average over the last five fiscal years, from $4.2 billion to $6.2 billion.

What are KB Home's earnings per share?

KB Home earned $6.15 per diluted share in fiscal 2025, compared with $8.47 a year earlier.

When does KB Home's fiscal year end?

KB Home's fiscal year ends in November. The latest annual report covers the year ended November 30, 2025 and was filed on January 23, 2026.

Residential Construction income statements