Aug 2026 (Q3 FY26) — Sep 22, 2026
KB Home Q3 FY26 — Built-to-Order Model Resilience Amidst Challenging Market
Read the full callKB Home (KBH) earnings
- Aug 2026
- Aug 2026 (Q3 FY26)
- Nov 2025
KB Home earnings: last reported Tue, 22 Sep 2026, for the quarter ended Aug 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,297 | −20.0% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Aug 2026 | Not in the filed figures for the quarter to aug 2026. No older figure is substituted. | ||
| Net profit | 65.3 | −40.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Price
$42.59 −1.64% · −$0.71
Performance −31.2% 1Y
1Y: $61.91 on 17 Oct 2025 → $42.59. High $66.36 (13 Feb 2026), low $41.63 (12 Oct 2026).
- Previous close
- $43.3
- 52-week range
- $41.63 – $66.36
- One year
- −31.18%
Overview
- Symbol
- KBH
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
May 2026 (Q2 FY26) — Jun 23, 2026
KB Home Q2 FY26 — Strategic BTO Shift Drives Backlog Growth and Margin Improvement
Read the full callEvery analysed call
KB Home earnings calls (KBH)
Financials
What the filings say
Net profit, year on year: −41% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,000 | 1,392 | 1,530 | 1,620 | 1,694 | 1,077 | 1,112 | 1,297 |
| Net profit | 191 | 110 | 108 | 110 | 102 | 33 | 27 | 65 |
| EPS ($ per share) | — | 1.52 | 1.53 | 1.64 | — | 0.53 | 0.44 | 1.07 |
| Line item | Nov 2018 | Nov 2019 | Nov 2020 | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 119 | 122 | 100 | 101 | 101 | 101 | 74 | 74 |
| Reserves | 1,897 | 2,157 | 1,869 | 2,379 | 3,144 | 3,677 | 3,269 | 3,630 |
| Total liabilities | 2,986 | 2,632 | 2,691 | 2,816 | 2,991 | 2,838 | 2,876 | 2,779 |
| Fixed assets | 24 | 65 | 66 | 76 | 89 | 88 | 90 | 101 |
| Total assets | 5,074 | 5,015 | 5,356 | 5,836 | 6,652 | 6,648 | 6,936 | 6,680 |
| Line item | Nov 2018 | Nov 2019 | Nov 2020 | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 222 | 251 | 311 | -37 | 183 | 1,083 | 363 | 336 |
| Cash from investing | -20 | -41 | -27 | -38 | -72 | -58 | -50 | -62 |
| Cash from financing | -347 | -330 | -56 | -315 | -74 | -627 | -441 | -643 |
| Net cash flow | -146 | -120 | 228 | -390 | 38 | 397 | -128 | -369 |
| Capital expenditure | -7 | -40 | -29 | -39 | -45 | -35 | -39 | -48 |
| Free cash flow | 214 | 211 | 282 | -77 | 138 | 1,047 | 323 | 287 |
KBH operating KPIs by quarter
| KPI | May 2026 Q2 FY26 | Aug 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Sold homes not yet started | 1,500+We currently have over 1,500 sold homes that have not yet started construction.Source: earnings call transcript | ~1,100We also have roughly 1,100 homes sold but not yet started.Source: earnings call transcript | — |
| Build time Built-to-order homes | 100 daysOur teams continue to get better and better in efficiently constructing our homes and further reduced our build times in the second quarter by 8 days sequentially to 100 days from home start to completion on BTO homes.Source: earnings call transcript | 99 daysOur BTO homes averaged 99 days from start to completion in the third quarter, a slight improvement sequentially and 23 days or 19% faster than a year ago.Source: earnings call transcript | -1% |
| Average buyer FICO score KBHS Home Loans | 741On average, the household income of customers who use KBHS was about $136,000, and they had a FICO score of 741.Source: earnings call transcript | 742On average, KBHS customers had household income of about $134,000 and a FICO score of 742.Source: earnings call transcript | +0.1% |
| Lots owned or controlled | 59K+We have a favorable lot position owning or controlling over 59,000 lots at the end of our second quarter, 38% of which were controlled and with only one community with approximately 100 lots that was land banked.Source: earnings call transcript | 61K+We have the business model, a favorable lot position of over 61,000 owned or controlled lots, providing a solid pipeline to support future growth targets.Source: earnings call transcript | — |
| Homes delivered | 2,395The 2,395 homes we delivered in the quarter represented a backlog conversion rate of 66% compared to 70% a year ago.Source: earnings call transcript | 2,732We delivered 2,732 homes during the quarter, representing a backlog conversion rate of 60% compared to 71% a year ago.Source: earnings call transcript | +14.1% |
| Backlog conversion rate | 66%The 2,395 homes we delivered in the quarter represented a backlog conversion rate of 66% compared to 70% a year ago.Source: earnings call transcript | 60%We delivered 2,732 homes during the quarter, representing a backlog conversion rate of 60% compared to 71% a year ago.Source: earnings call transcript | -6 pt |
| Average selling price of homes delivered | $461.9KOur overall average selling price of homes delivered for the quarter was $461,900, up 2% sequentially due to product and geographic mix.Source: earnings call transcript | $473KFor the third quarter, the overall average selling price of homes delivered was $473,000 compared to approximately $476,000 for the prior quarter and modestly higher than the second quarter.Source: earnings call transcript | +2.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
41 filings between Nov 4, 2025 and Aug 6, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$19.09M
10 sales by 4 insiders
Compensation
not trading decisions- 14
- Award — granted as compensation
- 4
- Option exercise — converted options into shares
- 13
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| MEZGER JEFFREY T | — | $15.21M | Jul 15, 2026 |
| PRAW ALBERT Z | — | $2.51M | Aug 5, 2026 |
| McGibney Robert V. | — | $1.14M | Jul 13, 2026 |
| Collins Arthur Reginald | — | $227.8K | Aug 6, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 6, 2026 | Collins Arthur Reginald Director | Sale | 4,000 | $227.8K |
| Aug 5, 2026 | PRAW ALBERT Z EVP, Real Estate & Bus. Dev. | Sale | 22,015 | $1.29M |
| Jul 15, 2026 | MEZGER JEFFREY T Executive Chairman | Sale | 30,008 | $1.70M |
| Jul 15, 2026 | MEZGER JEFFREY T Executive Chairman | Sale | 21,010 | $1.18M |
| Jul 15, 2026 | MEZGER JEFFREY T Executive Chairman | Option exercise | 51,018 | $827.0K |
| Jul 14, 2026 | MEZGER JEFFREY T Executive Chairman | Sale | 89,858 | $4.93M |
| Jul 14, 2026 | MEZGER JEFFREY T Executive Chairman | Option exercise | 129,062 | $2.09M |
| Jul 14, 2026 | MEZGER JEFFREY T Executive Chairman | Sale | 39,204 | $2.17M |
| Jul 13, 2026 | MEZGER JEFFREY T Executive Chairman | Sale | 12,825 | $715.8K |
| Jul 13, 2026 | MEZGER JEFFREY T Executive Chairman | Sale | 82,047 | $4.51M |
| Jul 13, 2026 | MEZGER JEFFREY T Executive Chairman | Option exercise | 94,872 | $1.54M |
| Jul 13, 2026 | McGibney Robert V. President and CEO | Option exercise | 20,621 | $334.3K |
| Jul 13, 2026 | McGibney Robert V. President and CEO | Sale | 20,621 | $1.14M |
| Apr 23, 2026 | Gilligan Thomas W. Director | Award | 2,895 | $0 |
| Apr 23, 2026 | Gabriel Stuart A Director | Award | 2,895 | $0 |
| Apr 23, 2026 | Kozlak Jodee A Director | Award | 3,269 | $0 |
| Apr 23, 2026 | Dominguez Dorene Director | Award | 2,895 | $0 |
| Apr 23, 2026 | HENRY CHERYL JANET Director | Award | 2,895 | $0 |
| Apr 23, 2026 | Collins Arthur Reginald Director | Award | 2,895 | $0 |
| Apr 23, 2026 | Eltife Kevin Paul Director | Award | 2,895 | $0 |
| Apr 23, 2026 | McGibney Robert V. President and CEO | Award | 53,438 | $0 |
| Apr 23, 2026 | Barra Jose Miguel Director | Award | 5,077 | $0 |
| Apr 17, 2026 | Dillard Robert R EVP & Chief Financial Officer | Tax withheld | 2,297 | $124.7K |
| Feb 20, 2026 | HOLLINGER WILLIAM R SVP & Chief Accounting Officer | Award | 26,145 | $0 |
| Feb 20, 2026 | HOLLINGER WILLIAM R SVP & Chief Accounting Officer | Tax withheld | 13,303 | $868.7K |
| Feb 20, 2026 | PRAW ALBERT Z EVP, Real Estate & Bus. Dev. | Award | 44,820 | $0 |
| Feb 20, 2026 | PRAW ALBERT Z EVP, Real Estate & Bus. Dev. | Tax withheld | 22,805 | $1.49M |
| Feb 20, 2026 | MEZGER JEFFREY T Chief Executive Officer | Award | 249,005 | $0 |
| Feb 20, 2026 | MEZGER JEFFREY T Chief Executive Officer | Tax withheld | 106,699 | $6.97M |
| Feb 20, 2026 | Woram Brian J EVP and General Counsel | Award | 42,330 | $0 |
| Feb 20, 2026 | Woram Brian J EVP and General Counsel | Tax withheld | 21,538 | $1.41M |
| Feb 20, 2026 | McGibney Robert V. President and COO | Award | 99,602 | $0 |
| Feb 20, 2026 | McGibney Robert V. President and COO | Tax withheld | 42,680 | $2.79M |
| Jan 25, 2026 | MEZGER JEFFREY T Chief Executive Officer | Tax withheld | 3,164 | $186.8K |
| Jan 25, 2026 | Woram Brian J EVP and General Counsel | Tax withheld | 172 | $10.2K |
| Jan 19, 2026 | Woram Brian J EVP and General Counsel | Tax withheld | 1,052 | $64.5K |
| Jan 19, 2026 | HOLLINGER WILLIAM R SVP & Chief Accounting Officer | Tax withheld | 318 | $19.5K |
| Jan 19, 2026 | MEZGER JEFFREY T Chief Executive Officer | Tax withheld | 8,644 | $530.1K |
| Jan 18, 2026 | Woram Brian J EVP and General Counsel | Tax withheld | 97 | $5.9K |
| Jan 18, 2026 | MEZGER JEFFREY T Chief Executive Officer | Tax withheld | 4,038 | $247.6K |
| Nov 4, 2025 | PRAW ALBERT Z EVP, Real Estate & Bus. Dev. | Sale | 20,284 | $1.22M |
| Jul 15, 2025 | McGibney Robert V. President and COO | Option exercise | 14,000 | $208.9K |
| Jul 15, 2025 | McGibney Robert V. President and COO | Sale | 14,000 | $749.3K |
| Apr 17, 2025 | Eltife Kevin Paul Director | Award | 3,144 | $0 |
| Apr 17, 2025 | Gabriel Stuart A Director | Award | 3,144 | $0 |
| Apr 17, 2025 | Gilligan Thomas W. Director | Award | 3,144 | $0 |
| Apr 17, 2025 | HENRY CHERYL JANET Director | Award | 3,144 | $0 |
| Apr 17, 2025 | Barra Jose Miguel Director | Award | 5,079 | $0 |
| Apr 17, 2025 | Collins Arthur Reginald Director | Award | 3,144 | $0 |
| Apr 17, 2025 | Dominguez Dorene Director | Award | 3,144 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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