KB Home reported revenues of $1.69 billion for the fourth quarter, with diluted earnings per share of $1.55.
Adjusted diluted earnings per share stood at $1.92, excluding certain charges.
The company completed a significant $1.20 billion five-year credit facility and extended a $360.0 million term loan to 2029.
Financial Performance
Revenues totaled $1.69 billion, homes delivered decreased by 9%, and average selling price declined by 7% on a year-over-year basis.
Operational Margin
Homebuilding operating income margin was 6.9%, reflecting lower housing gross profit margin and higher expenses.
Net Income
Net income for the quarter was $101.5 million, with diluted earnings per share at $1.55. Adjusted net income was $125.7 million, with adjusted diluted earnings per share at $1.92.
- Despite challenges in the housing market, KB Home maintained strong customer satisfaction and assisted nearly 13,000 individuals and families in achieving homeownership in 2025.
- The company's focus on optimizing assets and aligning costs with revenue expectations shows a commitment to long-term value creation for stakeholders.
KB Home's 2025 fiscal year ended on a positive note, with a focus on rewarding stockholders and maintaining financial strength. The company's balanced approach to capital allocation and operational efficiency position it well for future growth.