KB Home vs NVR
NVR is the larger business, with $10.32bn of revenue in fiscal 2025 against $6.24bn for KB Home (1.7 times as much). NVR grew faster (-1.9% against -10.0%). NVR kept more of each dollar of sales as profit: a net margin of 13.0% against 6.9%. KB Home carries less debt relative to equity (0.0% against 0.0%).
| Latest fiscal year | KB HomeKBH, 2025 | NVRNVR, 2025 |
|---|---|---|
| Revenue | $6.24bn | $10.32bn |
| Revenue growth | -10.0% | -1.9% |
| Net income | $429m | $1.34bn |
| Operating margin | — | — |
| Net margin | 6.9% | 13.0% |
| Return on equity | 10.8% | 33.2% |
| Free cash flow | $287m | $1.10bn |
| Cash | $230m | $1.96bn |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | 0.0% |
| Dividend per share | $1.00 | — |
| Dividend yield | 2.0% | — |
| Share buybacks | $541m | $1.83bn |
| Employees | 2,384 | 6,300 |
| Market value | $3.02bn | $16.94bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 47 (Moderate) | 86 (Strong) |
| Insider trades, 12 months | 0 buys, 10 sales | 3 buys, 4 sales |