KB Home (KBH)
Gross profit margin
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,828,670 | 6,506,200 | 6,340,600 | 6,396,110 | 6,313,280 | 6,560,840 | 6,816,130 | 6,770,870 | 6,786,430 | 6,552,970 | 6,171,470 | 5,892,300 | 5,632,200 | 4,274,374 | 3,013,036 | 1,740,780 | 798,640 | 863,850 | 880,417 | 888,802 |
| Revenue (ttm) | US$ in thousands | 6,930,090 | 6,604,180 | 6,438,580 | 6,494,090 | 6,410,630 | 6,676,670 | 6,934,560 | 6,889,300 | 6,903,780 | 6,638,950 | 6,261,150 | 5,981,980 | 5,724,930 | 5,243,990 | 4,775,903 | 4,248,983 | 4,183,183 | 4,547,603 | 4,709,380 | 4,817,210 |
| Gross profit margin | 98.54% | 98.52% | 98.48% | 98.49% | 98.48% | 98.27% | 98.29% | 98.28% | 98.30% | 98.70% | 98.57% | 98.50% | 98.38% | 81.51% | 63.09% | 40.97% | 19.09% | 19.00% | 18.69% | 18.45% |
November 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,828,670K ÷ $6,930,090K
= 98.54%
KB Home has shown a fluctuating trend in its gross profit margin over the past few years. Starting at around 18.45% in February 2020, the gross profit margin slightly increased to 18.69% in May 2020, and continued to rise to 19.00% in August 2020 and 19.09% in November 2020.
However, there was a substantial jump in the gross profit margin in the following quarters, with a significant increase to 40.97% in February 2021, jumping further to 63.09% in May 2021, and experiencing a sharp rise to 81.51% in August 2021. The trend continued to soar, reaching 98.38% in November 2021.
From February 2022 onwards, the gross profit margin stabilized at a high level, consistently ranging between 98.27% and 98.70% until November 2024. This indicates strong profitability and efficiency in KB Home's operations, maintaining a high level of gross profit on its sales revenue over the period.
Overall, the increasing trend in the gross profit margin from 2020 to 2021 demonstrates improved operational efficiency and cost management practices, with the subsequent stable high levels indicating sustained profitability in the company's homebuilding business.
Peer comparison
Nov 30, 2024