Kb Home (KBH) Operating Margin (2009 - 2026)
Kb Home (KBH) posted Operating Margin of 5.43% for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 2.94 percentage points from 8.37% a year earlier but up 8.73 percentage points from the prior quarter.
Kb Home (KBH) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 31, 2026, Operating Margin at Kb Home was 3.75%, down 5.96 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 8.42%, down 2.91 percentage points from FY2024.
- Annual Operating Margin has declined for three consecutive fiscal years, though with a five-year change of +0.58 percentage points (FY2020 to FY2025).
- In prior fiscal years, Kb Home's Operating Margin was 11.34% in FY2024 (-0.25 pp), 11.58% in FY2023 (-3.70 pp), 15.28% in FY2022 (+3.47 pp) and 11.81% in FY2021 (+3.97 pp).
- Quarterly Operating Margin has run from a low of -3.30% in fiscal Q2 2026 to a high of 17.87% in fiscal Q3 2022 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last seven quarters, with an average year-over-year change of -3.99 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q3 2022, with a gain of 6.01 percentage points; the weakest was fiscal Q2 2026, with a drop of 12.11 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was -3.30% (Q2 2026), 3.38% (Q1 2026) and 7.34% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.23 Bn | 29.53 Bn | 2.15 Bn | 12.52% |
| 2 | Pultegroup | 21.49 Bn | 14.78 Bn | 1.06 Bn | 16.95% |
| 3 | Lennar | 18.48 Bn | 8.85 Bn | 618.54 Mn | -86.60% |
| 4 | Nvr | 15.99 Bn | 9.28 Bn | 485.14 Mn | 14.38% |
| 5 | Toll Brothers | 12.69 Bn | 8.07 Bn | 625.22 Mn | 13.51% |
| 6 | Champion Homes | 4.23 Bn | 1.71 Bn | - | - |
| 7 | Cavco Industries | 4.02 Bn | 2.77 Bn | - | - |
| 8 | Meritage Homes | 3.91 Bn | 831.07 Mn | 513.60 Mn | 16.42% |
| 9 | M | 2.95 Bn | 20.36 Mn | 235.50 Mn | -68.02% |
| 10 | Kb Home | 2.62 Bn | 1.82 Bn | -857.09 Mn | 5.43% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 5.43% |
| May 31, 2026 | -3.30% |
| Feb 28, 2026 | 3.38% |
| Nov 30, 2025 | 7.34% |
| Aug 31, 2025 | 8.37% |
| May 31, 2025 | 8.81% |
| Feb 28, 2025 | 9.38% |
| Nov 30, 2024 | 11.72% |
| Aug 31, 2024 | 11.07% |
| May 31, 2024 | 11.41% |
| Feb 29, 2024 | 11.05% |
| Nov 30, 2023 | 11.26% |
| Aug 31, 2023 | 11.66% |
| May 31, 2023 | 11.79% |
| Feb 28, 2023 | 11.62% |
| Nov 30, 2022 | 14.65% |
| Aug 31, 2022 | 17.87% |
| May 31, 2022 | 15.60% |
| Feb 28, 2022 | 12.36% |
| Nov 30, 2021 | 13.08% |
Kb Home Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=KBH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "KBH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=KBH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();