Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
KB HomeKBH · other
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $6.7B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsthin datanot computable: short runway, distress, fortress balance sheet
Inputs computable5 of 14
Graded fromfilings received through Jan 23, 2026259 days before the rescan; every figure keyed to the SEC receipt date
Last close$44.352026-10-08; market equity $2.7B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$50$60NovDecJanFebMarAprMayJunJulAugSepOct$44.37
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/aQ5
Feb 21, 2012nonen/aQ4
Feb 21, 2014nonen/aQ5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Jan 23, 2026; the document on sec.gov.

in this report, we historically have experienced fluctuations in our quarterly operating results with measurably more homes delivered and revenues generated in our third and fourth fiscal quarters. However, as was the case in recent years, this pattern may not continue in the future at all or to •Inflation. Since 2021, product and labor costs and general inflation in the economy have increased and remained elevated compared to the prior decade. In turn, we experienced rising land and construction costs, particularly for building materials and construction service providers’ rates, warranty repair costs, and compensation and benefit expenses to attract and retain talent.

Warnings [top]

Thin data. 5 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 85.7
Gross profitabilitynot computable27.1%
one or more required annual facts are missing
Return on invested capitalnot computable10.0%
one or more required annual facts are missing
Accruals ratio1.4%[1,3-5](5.9%)85.75062025-11-30
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 0
Solvency
Twelve-month failure probabilitynot computable0.04%
liabilities and a nearby cover-page share count are required at 2026-08-31
Altman Z double-primenot computable2.05
one or more required annual facts are missing
Net debt to EBITDAnot computable2.52x
one or more required annual facts are missing
Interest coveragenot computable2.18x
interest expense must exceed $100,000
Current rationot computable1.32x
one or more required annual facts are missing
Growth and financing, sleeve percentile 42.7
Revenue growth, three-year compound(3.3%)[2,6-8]5.1%77.44032025-11-30
Free cash flow growth, three-year compound27.6%[4,9-15]8.7%25.62202025-11-30
Reinvestment ratenot computable11.9%
one or more required annual facts are missing
Asset growth, three years0.1%[1,5,16-17]4.1%66.14382025-11-30
Net share issuance, one year(12.4%)[18-19](0.4%)1.73562025-12-31

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(14.8%)2.0%35hotter than 35 of 100 peers
Distance from 52-week high(33.1%)(26.8%)38closer to its high than 38 of 100 peers
EBIT to enterprise valuenot computable4.4%required accounting or market input is missing
Free cash flow yield10.7%4.1%84pricier than 16 of 100 peers
Book value to price1.410.3493pricier than 7 of 100 peers
Sales to price2.310.7083pricier than 17 of 100 peers
Composite equity issuance, five years(50.1%)(8.8%)4more equity-funded than 4 of 100 peers
Relative strength against the sector, log excess return(0.31)(0.13)35ahead of 35 of 100 peers

Inputs: market equity $2.7B; EBIT $345.7M; free cash flow $287.3M; book equity $3.8B; sales $6.2B; cash $330.2M[20].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-11-30
Return on assets above zero6.2%✓ pass[3,5]
Operating cash flow above zero$335.7M✓ pass[4]
Return on assets improved(3.7 pts)✗ fail[3,5,16,21]
Operating cash flow exceeds net income-$93.1M✗ fail[3-4]
Long-term leverage felln/a[1,5,16]
Current ratio improvedn/a
No new shares issued(12.4%)✓ pass[18-19]
Gross margin improvedn/a
Asset turnover improved(14.3 pts)✗ fail[2,5-6,16]
Cash, filings, liquidity
Cash and equivalentsn/a
Operating cash flow, four quartersn/a[4,22-25]
Months of runwaynot finite
cash is missing at the end of the latest cash-flow quarter
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing1
10-Q received Oct 8, 2026
Median daily dollar volume$57.7M
63 sessions
Days since newest grade input259

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$6.7B2025-11-302026-01-2310-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.2B2025-11-302026-01-2310-Kfiling · viewer · series
3net incomeus-gaap:NetIncomeLoss$428.8M2025-11-302026-01-2310-Kfiling · viewer · series
4operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$335.7M2025-11-302026-01-2310-Kfiling · viewer · series
5assetsus-gaap:Assets$6.9B2024-11-302026-01-2310-Kfiling · viewer · series
6revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.9B2024-11-302026-01-2310-Kfiling · viewer · series
7revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.4B2023-11-302026-01-2310-Kfiling · viewer · series
8revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$6.9B2022-11-302025-01-2410-Kfiling · viewer · series
9capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$48.4M2025-11-302026-01-2310-Kfiling · viewer · series
10operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$362.7M2024-11-302026-01-2310-Kfiling · viewer · series
11capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$39.3M2024-11-302026-01-2310-Kfiling · viewer · series
12operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.1B2023-11-302026-01-2310-Kfiling · viewer · series
13capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$35.5M2023-11-302026-01-2310-Kfiling · viewer · series
14operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$183.4M2022-11-302025-01-2410-Kfiling · viewer · series
15capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$45.2M2022-11-302025-01-2410-Kfiling · viewer · series
16assetsus-gaap:Assets$6.6B2023-11-302025-01-2410-Kfiling · viewer · series
17assetsus-gaap:Assets$6.7B2022-11-302024-01-1910-Kfiling · viewer · series
18shares outstandingdei:EntityCommonStockSharesOutstanding63,173,6112025-12-312026-01-2310-Kfiling · viewer · series
19shares outstandingdei:EntityCommonStockSharesOutstanding72,156,8212024-12-312025-01-2410-Kfiling · viewer · series
20shares outstandingdei:EntityCommonStockSharesOutstanding60,762,7362026-08-312026-10-0810-Qfiling · viewer · series
21net incomeus-gaap:NetIncomeLoss$655.0M2024-11-302026-01-2310-Kfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$228.9M2026-08-312026-10-0810-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$93.5M2026-05-312026-07-0910-Qfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$125.4M2026-02-282026-04-0910-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$31.8M2025-08-312026-10-0810-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026