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Side-by-side financial comparison of KB HOME (KBH) and Packaging Corporation of America (PKG). Click either name above to swap in a different company.

Packaging Corporation of America is the larger business by last-quarter revenue ($2.4B vs $1.7B, roughly 1.4× KB HOME). Packaging Corporation of America runs the higher net margin — 7.2% vs 6.0%, a 1.2% gap on every dollar of revenue. On growth, Packaging Corporation of America posted the faster year-over-year revenue change (10.6% vs -15.3%). Over the past eight quarters, KB HOME's revenue compounded faster (7.4% CAGR vs 6.8%).

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.

Packaging Corporation of America is an American manufacturing company based in Lake Forest, Illinois. The company has about 15,500 employees, with operations primarily in the United States. The CEO is Mark W. Kowlzan.

KBH vs PKG — Head-to-Head

Bigger by revenue
PKG
PKG
1.4× larger
PKG
$2.4B
$1.7B
KBH
Growing faster (revenue YoY)
PKG
PKG
+25.9% gap
PKG
10.6%
-15.3%
KBH
Higher net margin
PKG
PKG
1.2% more per $
PKG
7.2%
6.0%
KBH
Faster 2-yr revenue CAGR
KBH
KBH
Annualised
KBH
7.4%
6.8%
PKG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KBH
KBH
PKG
PKG
Revenue
$1.7B
$2.4B
Net Profit
$101.5M
$170.9M
Gross Margin
19.1%
Operating Margin
10.6%
Net Margin
6.0%
7.2%
Revenue YoY
-15.3%
10.6%
Net Profit YoY
-46.7%
-16.1%
EPS (diluted)
$1.55
$1.91

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.

Revenue
KBH
KBH
PKG
PKG
Q1 26
$2.4B
Q4 25
$1.7B
$2.4B
Q3 25
$1.6B
$2.3B
Q2 25
$1.5B
$2.2B
Q1 25
$1.4B
$2.1B
Q4 24
$2.0B
$2.1B
Q3 24
$1.8B
$2.2B
Q2 24
$1.7B
$2.1B
Net Profit
KBH
KBH
PKG
PKG
Q1 26
$170.9M
Q4 25
$101.5M
$101.9M
Q3 25
$109.8M
$226.9M
Q2 25
$107.9M
$241.5M
Q1 25
$109.6M
$203.8M
Q4 24
$190.6M
$221.2M
Q3 24
$157.3M
$238.1M
Q2 24
$168.4M
$198.9M
Gross Margin
KBH
KBH
PKG
PKG
Q1 26
19.1%
Q4 25
18.9%
Q3 25
21.8%
Q2 25
22.2%
Q1 25
21.2%
Q4 24
21.9%
Q3 24
23.1%
Q2 24
21.1%
Operating Margin
KBH
KBH
PKG
PKG
Q1 26
10.6%
Q4 25
7.1%
Q3 25
14.0%
Q2 25
15.4%
Q1 25
13.1%
Q4 24
14.1%
Q3 24
15.0%
Q2 24
13.3%
Net Margin
KBH
KBH
PKG
PKG
Q1 26
7.2%
Q4 25
6.0%
4.3%
Q3 25
6.8%
9.8%
Q2 25
7.1%
11.1%
Q1 25
7.9%
9.5%
Q4 24
9.5%
10.3%
Q3 24
9.0%
10.9%
Q2 24
9.9%
9.6%
EPS (diluted)
KBH
KBH
PKG
PKG
Q1 26
$1.91
Q4 25
$1.55
$1.14
Q3 25
$1.61
$2.51
Q2 25
$1.50
$2.67
Q1 25
$1.49
$2.26
Q4 24
$2.50
$2.45
Q3 24
$2.04
$2.64
Q2 24
$2.15
$2.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KBH
KBH
PKG
PKG
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.9B
Total Assets
$6.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KBH
KBH
PKG
PKG
Q1 26
Q4 25
$529.0M
Q3 25
$634.0M
Q2 25
$787.9M
Q1 25
$751.7M
Q4 24
$685.0M
Q3 24
$676.6M
Q2 24
$613.6M
Total Debt
KBH
KBH
PKG
PKG
Q1 26
Q4 25
$4.0B
Q3 25
$4.0B
Q2 25
Q1 25
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
Stockholders' Equity
KBH
KBH
PKG
PKG
Q1 26
Q4 25
$3.9B
$4.6B
Q3 25
$3.9B
$4.8B
Q2 25
$4.0B
$4.6B
Q1 25
$4.1B
$4.5B
Q4 24
$4.1B
$4.4B
Q3 24
$4.0B
$4.3B
Q2 24
$4.0B
$4.1B
Total Assets
KBH
KBH
PKG
PKG
Q1 26
Q4 25
$6.7B
$10.7B
Q3 25
$7.0B
$11.0B
Q2 25
$7.0B
$9.0B
Q1 25
$7.0B
$9.0B
Q4 24
$6.9B
$8.8B
Q3 24
$6.8B
$8.8B
Q2 24
$6.8B
$9.0B
Debt / Equity
KBH
KBH
PKG
PKG
Q1 26
Q4 25
0.87×
Q3 25
0.84×
Q2 25
Q1 25
Q4 24
0.57×
Q3 24
0.58×
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KBH
KBH
PKG
PKG
Operating Cash FlowLast quarter
$303.8M
Free Cash FlowOCF − Capex
$290.1M
FCF MarginFCF / Revenue
17.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
2.99×
TTM Free Cash FlowTrailing 4 quarters
$287.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KBH
KBH
PKG
PKG
Q1 26
Q4 25
$303.8M
$446.6M
Q3 25
$197.7M
$472.2M
Q2 25
$168.4M
$299.6M
Q1 25
$-334.3M
$339.1M
Q4 24
$362.6M
$325.4M
Q3 24
$-89.9M
$327.1M
Q2 24
$61.5M
$278.3M
Free Cash Flow
KBH
KBH
PKG
PKG
Q1 26
Q4 25
$290.1M
$127.6M
Q3 25
$185.8M
$280.1M
Q2 25
$156.9M
$129.9M
Q1 25
$-345.5M
$191.0M
Q4 24
$352.6M
$124.1M
Q3 24
$-99.4M
$180.4M
Q2 24
$51.2M
$33.3M
FCF Margin
KBH
KBH
PKG
PKG
Q1 26
Q4 25
17.1%
5.4%
Q3 25
11.5%
12.1%
Q2 25
10.3%
6.0%
Q1 25
-24.8%
8.9%
Q4 24
17.6%
5.8%
Q3 24
-5.7%
8.3%
Q2 24
3.0%
1.6%
Capex Intensity
KBH
KBH
PKG
PKG
Q1 26
Q4 25
0.8%
13.5%
Q3 25
0.7%
8.3%
Q2 25
0.8%
7.8%
Q1 25
0.8%
6.9%
Q4 24
0.5%
9.4%
Q3 24
0.5%
6.7%
Q2 24
0.6%
11.8%
Cash Conversion
KBH
KBH
PKG
PKG
Q1 26
Q4 25
2.99×
4.38×
Q3 25
1.80×
2.08×
Q2 25
1.56×
1.24×
Q1 25
-3.05×
1.66×
Q4 24
1.90×
1.47×
Q3 24
-0.57×
1.37×
Q2 24
0.37×
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

KBH
KBH

Home Building$1.7B99%
Financial Service$8.7M1%

PKG
PKG

Segment breakdown not available.

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