KB Home (KBH)
Pretax margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 850,918 | 771,277 | 1,072,070 | 695,346 | 364,043 |
| Revenue | US$ in thousands | 6,942,600 | 6,410,630 | 6,900,180 | 5,719,860 | 4,183,170 |
| Pretax margin | 12.26% | 12.03% | 15.54% | 12.16% | 8.70% |
November 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $850,918K ÷ $6,942,600K
= 12.26%
The pretax margin of KB Home has displayed positive trends over the past five years. Starting at 8.70% on November 30, 2020, the pretax margin increased to 12.16% by November 30, 2021, showing significant improvement. This positive momentum continued as the pretax margin further rose to 15.54% by November 30, 2022, indicating a substantial growth in profitability.
However, there was a slight dip in the pretax margin to 12.03% by November 30, 2023, which could be attributed to various factors impacting the company's financial performance during that period. Despite this temporary decrease, KB Home managed to rebound with a marginal increase to 12.26% by November 30, 2024, showcasing resilience in maintaining profitability.
Overall, the upward trajectory of KB Home's pretax margin demonstrates the company's ability to effectively manage its operating expenses, generate higher revenues, and enhance overall profitability over the five-year period.
Peer comparison
Nov 30, 2024