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Side-by-side financial comparison of KB HOME (KBH) and Public Storage (PSA). Click either name above to swap in a different company.
KB HOME is the larger business by last-quarter revenue ($1.7B vs $1.2B, roughly 1.4× Public Storage). Public Storage runs the higher net margin — 41.7% vs 6.0%, a 35.7% gap on every dollar of revenue. On growth, Public Storage posted the faster year-over-year revenue change (3.3% vs -15.3%). Over the past eight quarters, KB HOME's revenue compounded faster (7.4% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
KBH vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.2B |
| Net Profit | $101.5M | $507.1M |
| Gross Margin | — | — |
| Operating Margin | — | 40.7% |
| Net Margin | 6.0% | 41.7% |
| Revenue YoY | -15.3% | 3.3% |
| Net Profit YoY | -46.7% | -17.5% |
| EPS (diluted) | $1.55 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
| Q4 25 | $101.5M | $507.1M | ||
| Q3 25 | $109.8M | $511.1M | ||
| Q2 25 | $107.9M | $358.4M | ||
| Q1 25 | $109.6M | $407.8M | ||
| Q4 24 | $190.6M | $614.6M | ||
| Q3 24 | $157.3M | $430.3M | ||
| Q2 24 | $168.4M | $518.1M | ||
| Q1 24 | $138.7M | $508.9M |
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 34.8% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 44.6% | ||
| Q1 24 | — | 44.3% |
| Q4 25 | 6.0% | 41.7% | ||
| Q3 25 | 6.8% | 41.8% | ||
| Q2 25 | 7.1% | 29.8% | ||
| Q1 25 | 7.9% | 34.5% | ||
| Q4 24 | 9.5% | 52.2% | ||
| Q3 24 | 9.0% | 36.2% | ||
| Q2 24 | 9.9% | 44.2% | ||
| Q1 24 | 9.4% | 44.0% |
| Q4 25 | $1.55 | $2.59 | ||
| Q3 25 | $1.61 | $2.62 | ||
| Q2 25 | $1.50 | $1.76 | ||
| Q1 25 | $1.49 | $2.04 | ||
| Q4 24 | $2.50 | $3.22 | ||
| Q3 24 | $2.04 | $2.16 | ||
| Q2 24 | $2.15 | $2.66 | ||
| Q1 24 | $1.76 | $2.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $318.1M |
| Total DebtLower is stronger | — | $10.3B |
| Stockholders' EquityBook value | $3.9B | $9.2B |
| Total Assets | $6.7B | $20.2B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $318.1M | ||
| Q3 25 | — | $296.5M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $287.2M | ||
| Q4 24 | — | $447.4M | ||
| Q3 24 | — | $599.0M | ||
| Q2 24 | — | $542.3M | ||
| Q1 24 | — | $271.6M |
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
| Q4 25 | $3.9B | $9.2B | ||
| Q3 25 | $3.9B | $9.3B | ||
| Q2 25 | $4.0B | $9.4B | ||
| Q1 25 | $4.1B | $9.6B | ||
| Q4 24 | $4.1B | $9.7B | ||
| Q3 24 | $4.0B | $9.6B | ||
| Q2 24 | $4.0B | $9.7B | ||
| Q1 24 | $3.9B | $9.9B |
| Q4 25 | $6.7B | $20.2B | ||
| Q3 25 | $7.0B | $20.1B | ||
| Q2 25 | $7.0B | $20.5B | ||
| Q1 25 | $7.0B | $19.6B | ||
| Q4 24 | $6.9B | $19.8B | ||
| Q3 24 | $6.8B | $19.8B | ||
| Q2 24 | $6.8B | $19.8B | ||
| Q1 24 | $6.7B | $19.6B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $290.1M | — |
| FCF MarginFCF / Revenue | 17.1% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 2.99× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $287.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $303.8M | $733.6M | ||
| Q3 25 | $197.7M | $875.1M | ||
| Q2 25 | $168.4M | $872.7M | ||
| Q1 25 | $-334.3M | $705.1M | ||
| Q4 24 | $362.6M | $768.6M | ||
| Q3 24 | $-89.9M | $798.8M | ||
| Q2 24 | $61.5M | $895.3M | ||
| Q1 24 | $28.5M | $665.6M |
| 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× | 1.45× | ||
| Q3 25 | 1.80× | 1.71× | ||
| Q2 25 | 1.56× | 2.43× | ||
| Q1 25 | -3.05× | 1.73× | ||
| Q4 24 | 1.90× | 1.25× | ||
| Q3 24 | -0.57× | 1.86× | ||
| Q2 24 | 0.37× | 1.73× | ||
| Q1 24 | 0.21× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
