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Side-by-side financial comparison of KB HOME (KBH) and North American Construction Group Ltd. (NOA). Click either name above to swap in a different company.
KB HOME is the larger business by last-quarter revenue ($1.7B vs $860.2M, roughly 2.0× North American Construction Group Ltd.). KB HOME runs the higher net margin — 6.0% vs 4.7%, a 1.3% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 7.4%).
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California.
Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.
KBH vs NOA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $860.2M |
| Net Profit | $101.5M | $40.5M |
| Gross Margin | — | 19.7% |
| Operating Margin | — | 15.4% |
| Net Margin | 6.0% | 4.7% |
| Revenue YoY | -15.3% | — |
| Net Profit YoY | -46.7% | — |
| EPS (diluted) | $1.55 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.6B | $860.2M | ||
| Q2 25 | $1.5B | $573.3M | ||
| Q1 25 | $1.4B | $297.0M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.8B | $636.4M | ||
| Q2 24 | $1.7B | $439.5M | ||
| Q1 24 | $1.5B | $244.3M |
| Q4 25 | $101.5M | — | ||
| Q3 25 | $109.8M | $40.5M | ||
| Q2 25 | $107.9M | $26.0M | ||
| Q1 25 | $109.6M | $11.5M | ||
| Q4 24 | $190.6M | — | ||
| Q3 24 | $157.3M | $45.5M | ||
| Q2 24 | $168.4M | $34.1M | ||
| Q1 24 | $138.7M | $21.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 19.7% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | 14.3% | ||
| Q1 24 | — | 16.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 13.6% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 8.2% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | 6.0% | — | ||
| Q3 25 | 6.8% | 4.7% | ||
| Q2 25 | 7.1% | 4.5% | ||
| Q1 25 | 7.9% | 3.9% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.0% | 7.1% | ||
| Q2 24 | 9.9% | 7.8% | ||
| Q1 24 | 9.4% | 8.9% |
| Q4 25 | $1.55 | — | ||
| Q3 25 | $1.61 | — | ||
| Q2 25 | $1.50 | — | ||
| Q1 25 | $1.49 | — | ||
| Q4 24 | $2.50 | — | ||
| Q3 24 | $2.04 | — | ||
| Q2 24 | $2.15 | — | ||
| Q1 24 | $1.76 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.9B | — |
| Total Assets | $6.7B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $6.7B | — | ||
| Q3 25 | $7.0B | $1.7B | ||
| Q2 25 | $7.0B | $1.7B | ||
| Q1 25 | $7.0B | $1.7B | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $6.8B | $1.5B | ||
| Q2 24 | $6.8B | $1.5B | ||
| Q1 24 | $6.7B | $1.5B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $303.8M | $140.7M |
| Free Cash FlowOCF − Capex | $290.1M | — |
| FCF MarginFCF / Revenue | 17.1% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 2.99× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $287.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $303.8M | — | ||
| Q3 25 | $197.7M | $140.7M | ||
| Q2 25 | $168.4M | $85.4M | ||
| Q1 25 | $-334.3M | $19.0M | ||
| Q4 24 | $362.6M | — | ||
| Q3 24 | $-89.9M | $109.5M | ||
| Q2 24 | $61.5M | $72.0M | ||
| Q1 24 | $28.5M | $31.8M |
| Q4 25 | $290.1M | — | ||
| Q3 25 | $185.8M | — | ||
| Q2 25 | $156.9M | — | ||
| Q1 25 | $-345.5M | — | ||
| Q4 24 | $352.6M | — | ||
| Q3 24 | $-99.4M | — | ||
| Q2 24 | $51.2M | — | ||
| Q1 24 | $19.1M | — |
| Q4 25 | 17.1% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | -24.8% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | -5.7% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.6% | — |
| Q4 25 | 2.99× | — | ||
| Q3 25 | 1.80× | 3.47× | ||
| Q2 25 | 1.56× | 3.28× | ||
| Q1 25 | -3.05× | 1.65× | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | -0.57× | 2.41× | ||
| Q2 24 | 0.37× | 2.11× | ||
| Q1 24 | 0.21× | 1.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
NOA
Segment breakdown not available.
