KB Home vs M/i Homes
KB Home is the larger business, with $6.24bn of revenue in fiscal 2025 against $4.42bn for M/i Homes (1.4 times as much). M/i Homes grew faster (-1.9% against -10.0%). M/i Homes kept more of each dollar of sales as profit: a net margin of 9.1% against 6.9%. KB Home carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | KB HomeKBH, 2025 | M/i HomesMHO, 2025 |
|---|---|---|
| Revenue | $6.24bn | $4.42bn |
| Revenue growth | -10.0% | -1.9% |
| Net income | $429m | $403m |
| Operating margin | — | 11.5% |
| Net margin | 6.9% | 9.1% |
| Return on equity | 10.8% | 13.2% |
| Free cash flow | $287m | $128m |
| Cash | $230m | $689m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | $1.00 | — |
| Dividend yield | 2.0% | — |
| Share buybacks | $541m | $202m |
| Employees | 2,384 | 1,801 |
| Market value | $3.02bn | $3.36bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 47 (Moderate) | 61 (Moderate) |
| Insider trades, 12 months | 0 buys, 10 sales | 0 buys, 41 sales |