KB Home (KBH)
Gross profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,295,000 | 6,766,600 | 5,612,910 | 798,640 | 839,486 |
| Revenue | US$ in thousands | 6,410,630 | 6,900,180 | 5,719,860 | 4,183,170 | 4,552,750 |
| Gross profit margin | 98.20% | 98.06% | 98.13% | 19.09% | 18.44% |
November 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,295,000K ÷ $6,410,630K
= 98.20%
The gross profit margin of KB Home has fluctuated over the past five years. In 2019, it stood at 18.53%, and then increased to 19.19% in 2020. The margin experienced further growth in 2021, reaching 21.93%, but decreased slightly to 24.49% in 2022. However, by November 30, 2023, the gross profit margin had declined to 21.53%. This trend indicates some variability in the company's ability to generate profits from its sales after accounting for the cost of goods sold. Analyzing the reasons behind these fluctuations and their impact on the overall financial performance of KB Home would be beneficial to gain a better understanding of the company's operations and profitability.
Peer comparison
Nov 30, 2023