KBH · Kb Home
$45.44
-1.03 (-2.22%)
At close · Oct 1
Return incl. dividend (before tax)
Market Cap
$2.94B
Shares
61.31M
Volume · Sep 30
1.09M
Avg daily vol (3M)
1.21M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$46.47
Open$47.87
Day$46.43–47.87
52W close$45.04–66.36
Avg vol 30d1.5M
Short int8.5M · 13.8% float · 7.1d
Short vol57%
Last earningsSep 22, 2026
DataJan 2020–Sep 2026
Filing10-Q · Jul 9
Up next
Next earnings call
Dec 22, 2026
Est · unconfirmed
· in 12 wks
filed Jul 9, 2026
call held Sep 22, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$5.50B
Trailing 12 months
Net income (TTM)
$272.12M
Trailing 12 months
Revenue growth YoY
-27.3%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
11.5
Trailing earnings · reciprocal yield 8.7%
FCF yield
12.2%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$200.76M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-11.9%
Year over year · fewer shares
Price change (1Y)
-26.1%
Trailing year
Short interest
13.8%
Latest settlement · 7.1 days to cover
AI Brief
Q3 FY26 earnings call · Sep 22, 2026
Q3 FY26
TL;DR. KB Home (KBH) reported Q3 results that met or exceeded guidance with sequential margin improvement and BTO homes reaching 74% of deliveries, while moderating its Q4 outlook for ASP and gross margin due to weaker Southern California mix and pricing pressure; full-year deliveries and housing revenue ranges were maintained, and full-year gross margin guidance was narrowed slightly to 16.0%-16.2%.
Bullish
- + Returned to a predominantly Built-to-Order business with BTO at 74% of Q3 deliveries, up from 60% in Q2
- + Q3 adjusted housing gross profit margin of 16.8% improved sequentially from 15.7% and came in slightly above the high end of guidance
- + Ending backlog grew year-over-year for the first time in four years, with homes up 2% to 4,398 and value up 3% to $2.05B
Bearish
- − Q4 housing gross margin guidance lowered by ~1 percentage point to 16.0%-16.6% due to pricing pressure and higher costs
- − Q4 ASP outlook moderated to ~$480,000, roughly $20,000 below prior guidance, driven by softer Southern California mix
- − Full-year housing gross margin guidance narrowed and slightly lowered to 16.0%-16.2%
- − Q3 net orders declined 12% year-over-year to 2,604, with monthly absorption pace at 3.1 vs 3.8 a year ago
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Bearish
Fundamentals
Strong
Quant / Vol
Moderate
Market backdrop
VIX 16.3 · calm
Equity put/call 0.53
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−16%
below
Price vs 50-day avg
−13%
below
RSI (14)
33
neutral
MACD trend
Positive
52-week position
7%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−11%
trailing
6-month return
−11%
trailing
YTD return
−18%
this year
Relative strength
−23%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $53 › 200d $55 — 200d above 50d
Institutional flow
Distributing
-2% holders QoQ · +65 funds added
Insider flow
Distributing
Net -$17.9M over 90 days · 100% sells
Short interest
Rising
13.80% of float · ▲ +12.2% MoM · 7.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
386 holders — mid 3-yr range
Squeeze score
72
high risk · 0–100
Fundamentals
Revenue growth
+4%
Y/Y
EPS growth
−27%
Y/Y
Free cash flow
$287.3M
Valuation
P/E 11.7
below peers
Buyback
$725.0M
remaining
Quant / Vol
risk profile
Volatility
39%
annualized · 1-yr
Max drawdown
−32%
past year
ATR
3.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Sep 22, 2026
fourth quarter
SG&A ratio
10.3% – 10.9%
Effective tax rate
26%
Share repurchases
up to $50M
full year
SG&A ratio
11.5% – 11.7%
Effective tax rate
23%
Prior guidance
period ended
· from the 8-K filed Jun 23, 2026
Housing revenues
· 2026 Third Quarter
$1.2B – $1.35B
Housing gross profit margin
· 2026 Third Quarter
16% – 16.6%
Selling, general and administrative expenses as a percentage of
· 2026 Third Quarter
11.3% – 11.9%
Effective tax rate
· 2026 Third Quarter
19% – 21%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−16%
Bearish
Price vs 50-day avg
−13%
Bearish
RSI (14)
33
Neutral
MACD trend
Positive
Bullish
52-week position
7%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross)
No cross
50d $53 › 200d $55 — 200d above 50d
Institutional flow
Distributing
-2% holders QoQ · +65 funds added
Insider flow
Distributing
Net -$17.9M over 90 days · 100% sells
Short interest
Rising
13.80% of float · ▲ +12.2% MoM · 7.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
386 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $45
Now $46 · 7%
Range high $66
vs 200-day avg -16%
vs 50-day avg -13%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted housing gross profit margin non-GAAP | 16.1% | Nine Months Ended August 31, 2026 | — |
| Available capacity under Credit Facility | $783.4M | As of August 31, 2026 | — |
| Average community count | 279 | Three Months Ended August 31, 2026 | — |
|
|
|||
| Backlog value | 2.05B | As of August 31, 2026 | — |
| Cancellation rate as a percentage of gross orders | 18% | Three Months Ended August 31, 2026 | — |
|
|
|||
| Common stock repurchases (cost) | $50M | Three Months Ended August 31, 2026 | — |
| Common stock repurchases (cost) YTD | $175M | Nine Months Ended August 31, 2026 | — |
| Common stock repurchases (shares) YTD | 3.1M | Nine Months Ended August 31, 2026 | — |
| Debt to capital ratio | 35.7% | As of August 31, 2026 | — |
| Ending backlog (number of homes) | 4,398 | As of August 31, 2026 | — |
| Ending community count | 277 | As of August 31, 2026 | — |
| Homebuilding operating income margin | 5.2% | Three Months Ended August 31, 2026 | — |
| Homebuilding operating income margin (excluding inventory-related charges) non-GAAP | 5.4% | Three Months Ended August 31, 2026 | — |
| Homes delivered | 7,497 | Nine Months Ended August 31, 2026 | — |
| Housing gross profit margin | 16.5% | Three Months Ended August 31, 2026 | — |
|
|
|||
| Housing gross profit margin (excluding inventory-related charges) non-GAAP | 16.8% | Three Months Ended August 31, 2026 | — |
| Investments in land and land development | $722.3M | Three Months Ended August 31, 2026 | — |
| Lots owned or under contract | 61,581 | As of August 31, 2026 | — |
| Monthly net orders per community | 3.1 | Three Months Ended August 31, 2026 | — |
| Net order value | $4.12B | Nine Months Ended August 31, 2026 | — |
|
|
|||
| Net orders | 8,767 | Nine Months Ended August 31, 2026 | — |
|
|
|||
| Remaining repurchase authorization | $725M | As of August 31, 2026 | — |
| Selling, general and administrative expenses as a percentage of housing revenues | 11.3% | Three Months Ended August 31, 2026 | — |
|
|
|||
| Total land-related investments | $1.79B | Nine Months Ended August 31, 2026 | — |
| Total liquidity | $942.4M | As of August 31, 2026 | — |
| Adjusted housing gross profit margin as a percentage of housing revenues non-GAAP | 15.7% | Three Months Ended May 31, 2026 filing | — |
| Average FICO score | 741 | Three Months Ended May 31, 2026 filing | — |
| Loans sold to GR Alliance | 1,230 | Three Months Ended May 31, 2026 filing | — |
| Loans sold to third parties | 333 | Three Months Ended May 31, 2026 filing | — |
| Percentage of homebuyers using KBHS | 83% | Three Months Ended May 31, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Residential Construction — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
KBH
this stock
Kb Home
|
$2.94B | -17.6% | +4.1% | 11.7 | 13.8% |
|
DHI
Horton D R Inc /De/
|
$40.31B | -5.1% | -6.9% | 13.7 | 3.5% |
|
PHM
Pultegroup Inc/Mi/
|
$22.47B | -1.0% | +11.8% | 12.2 | 4.7% |
|
LEN
Lennar Corp /New/
|
$19.79B | -20.6% | -3.5% | 12.4 | 7.5% |
|
NVR
Nvr Inc
|
$16.78B | -15.6% | -1.9% | 16.4 | 4.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| KBH | -1.4% | -11.0% | -11.0% | -12.8% | -17.6% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -0.8% | -11.1% | -23.2% | -12.2% | -29.5% |
Capital returns
Buyback program
· as of Aug 31, 2026
Authorized
—
Spent (derived)
—
Remaining
$725.00M
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.