Filing Flows › KB Home (KBH) › Q2 FY25
KB Home (KBH) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jul 10, 2025
KB Home (KBH) reported revenue of $1.5B for the second quarter fiscal 2025 (Q2 FY25), -11% from a year earlier and +10% from the quarter before. Operating margin was 9.3%, net earnings $108M (7.1% of revenue).
KB Home, Q2 FY25: revenue $1.5B (-10% year over year), operating margin 9.3%, net earnings $108M, operating cash flow $168M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +10% | -11% |
| Operating profit | $142M | +2% | -36% |
| Net earnings | $108M | -2% | -36% |
| Operating cash flow | $168M | — | +174% |
| Free cash flow | $157M | — | +207% |
What changed
Revenue was $1.5B in Q2 FY25, down 11% year over year and up 10% from the previous quarter. Homebuilding was the largest line at 100% of revenue. Homebuilding lost $0.18B year over year (down 10%), 98% of the total change.
Operating profit was $0.14B, a 9.3% margin (down 3.6 points year over year). Total costs fell 7% while revenue fell 11%. Net earnings were $0.11B, down 36% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.17B (up 174% year over year), 156% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.01B left free cash flow of $0.16B.
Questions
What was KB Home's revenue in the second quarter fiscal 2025?
KB Home (KBH) reported revenue of $1.5B for the second quarter fiscal 2025 (Q2 FY25), -11% from a year earlier and +10% from the quarter before.
Was KB Home profitable in the second quarter fiscal 2025?
Operating profit was $142M (9.3% of revenue) and net earnings $108M.
Source: KB Home 10-Q on SEC EDGAR.