KB Home
KBH · Homebuilding
$47.05
1.9%Toll Brothers
TOL · Homebuilding
$139.90
0.8%The short version
- Toll Brothers is the larger business, with $11.0B of revenue in fiscal 2025 against $6.2B for KB Home, about 1.8 times as much.
- Toll Brothers grew revenue faster (1.1%, against −10.0%).
- Toll Brothers turned more of its sales into free cash flow (9.4% FCF margin, against 4.6% FCF margin).
- Investors pay more for each dollar of KB Home’s earnings: a P/E of 13.3x against 11.2x for Toll Brothers.
| Latest fiscal year | KBH · FY25 | TOL · FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.9B | $13.2B |
| Revenue | $6.2B | $11.0B |
| Free cash flow | $287M | $1.0B |
| Net income | $429M | $1.3B |
| Growth | ||
| Revenue growth | −10.0% | 1.1% |
| 5-year growth | 8.3% | 9.2% |
| Share count change | −10.0% | −4.7% |
| Profitability | ||
| Gross margin | — | 25.1% |
| Operating margin | — | 15.7% |
| Net margin | 6.9% | 12.3% |
| FCF margin | 4.6% | 9.4% |
| Return on capital | — | 13.6% |
| Return on equity | 10.8% | 16.9% |
| Balance sheet | ||
| Net debt | $1.5B | $1.5B |
| Net debt / EBITDA | — | 0.9x |
| Dividends and buybacks | $610M | $748M |
| Valuation & quality | ||
| P/E | 13.3x | 11.2x |
| Piotroski F-score | — | — |
FY16
KBH $3.6B
TOL —
FY17
KBH $4.4B
TOL $5.8B
FY18
KBH $4.5B
TOL $7.1B
FY19
KBH $4.6B
TOL $7.2B
FY20
KBH $4.2B
TOL $7.1B
FY21
KBH $5.7B
TOL $8.8B
FY22
KBH $6.9B
TOL $10.3B
FY23
KBH $6.4B
TOL $10.0B
FY24
KBH $6.9B
TOL $10.8B
FY25
KBH $6.2B
TOL $11.0B
KBH
TOL
FY16
KBH 4.2%
TOL —
FY17
KBH 6.5%
TOL 11.1%
FY18
KBH 7.6%
TOL 11.0%
FY19
KBH —
TOL 9.4%
FY20
KBH —
TOL 7.8%
FY21
KBH —
TOL 11.6%
FY22
KBH —
TOL 14.7%
FY23
KBH —
TOL 17.3%
FY24
KBH —
TOL 18.8%
FY25
KBH —
TOL 15.7%
KBH
TOL
FY16
KBH —
TOL $122M
FY17
KBH —
TOL $833M
FY18
KBH $214M
TOL $560M
FY19
KBH $211M
TOL $351M
FY20
KBH $282M
TOL $899M
FY21
KBH −$76.7M
TOL $1.2B
FY22
KBH $138M
TOL $915M
FY23
KBH $1.0B
TOL $1.2B
FY24
KBH $323M
TOL $937M
FY25
KBH $287M
TOL $1.0B
KBH
TOL
FY16
KBH 2.9%
TOL 4.4%
FY17
KBH 4.8%
TOL 5.9%
FY18
KBH 4.9%
TOL 8.8%
FY19
KBH 7.4%
TOL 6.8%
FY20
KBH 8.0%
TOL 5.5%
FY21
KBH 14.0%
TOL 10.5%
FY22
KBH 17.0%
TOL 14.9%
FY23
KBH —
TOL 15.7%
FY24
KBH —
TOL 17.5%
FY25
KBH —
TOL 13.6%
KBH
TOL
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.