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Side-by-side financial comparison of KB HOME (KBH) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
KB HOME is the larger business by last-quarter revenue ($1.7B vs $1.4B, roughly 1.2× SELECT MEDICAL HOLDINGS CORP). KB HOME runs the higher net margin — 6.0% vs 1.4%, a 4.5% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (6.4% vs -15.3%). KB HOME produced more free cash flow last quarter ($290.1M vs $5.2M). Over the past eight quarters, KB HOME's revenue compounded faster (7.4% CAGR vs 2.8%).
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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
KBH vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.4B |
| Net Profit | $101.5M | $20.2M |
| Gross Margin | — | — |
| Operating Margin | — | 4.6% |
| Net Margin | 6.0% | 1.4% |
| Revenue YoY | -15.3% | 6.4% |
| Net Profit YoY | -46.7% | 225.7% |
| EPS (diluted) | $1.55 | $0.17 |
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 | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | $101.5M | $20.2M | ||
| Q3 25 | $109.8M | $28.8M | ||
| Q2 25 | $107.9M | $40.6M | ||
| Q1 25 | $109.6M | $56.7M | ||
| Q4 24 | $190.6M | $-16.1M | ||
| Q3 24 | $157.3M | $55.6M | ||
| Q2 24 | $168.4M | $77.6M | ||
| Q1 24 | $138.7M | $96.9M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 9.0% |
| Q4 25 | 6.0% | 1.4% | ||
| Q3 25 | 6.8% | 2.1% | ||
| Q2 25 | 7.1% | 3.0% | ||
| Q1 25 | 7.9% | 4.2% | ||
| Q4 24 | 9.5% | -1.2% | ||
| Q3 24 | 9.0% | 4.4% | ||
| Q2 24 | 9.9% | 6.1% | ||
| Q1 24 | 9.4% | 7.3% |
| Q4 25 | $1.55 | $0.17 | ||
| Q3 25 | $1.61 | $0.23 | ||
| Q2 25 | $1.50 | $0.32 | ||
| Q1 25 | $1.49 | $0.44 | ||
| Q4 24 | $2.50 | $-0.12 | ||
| Q3 24 | $2.04 | $0.43 | ||
| Q2 24 | $2.15 | $0.60 | ||
| Q1 24 | $1.76 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $26.5M |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $3.9B | $1.7B |
| Total Assets | $6.7B | $5.9B |
| Debt / EquityLower = less leverage | — | 1.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $26.5M | ||
| Q3 25 | — | $60.1M | ||
| Q2 25 | — | $52.3M | ||
| Q1 25 | — | $53.2M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | — | $191.5M | ||
| Q2 24 | — | $111.2M | ||
| Q1 24 | — | $92.6M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.6B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $3.9B | $1.7B | ||
| Q3 25 | $3.9B | $1.7B | ||
| Q2 25 | $4.0B | $1.7B | ||
| Q1 25 | $4.1B | $1.7B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $4.0B | $1.4B | ||
| Q1 24 | $3.9B | $1.4B |
| Q4 25 | $6.7B | $5.9B | ||
| Q3 25 | $7.0B | $5.7B | ||
| Q2 25 | $7.0B | $5.7B | ||
| Q1 25 | $7.0B | $5.7B | ||
| Q4 24 | $6.9B | $5.6B | ||
| Q3 24 | $6.8B | $8.0B | ||
| Q2 24 | $6.8B | $7.9B | ||
| Q1 24 | $6.7B | $7.9B |
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | — | 2.75× |
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 | $64.3M |
| Free Cash FlowOCF − Capex | $290.1M | $5.2M |
| FCF MarginFCF / Revenue | 17.1% | 0.4% |
| Capex IntensityCapex / Revenue | 0.8% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.99× | 3.19× |
| TTM Free Cash FlowTrailing 4 quarters | $287.3M | $117.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $303.8M | $64.3M | ||
| Q3 25 | $197.7M | $175.3M | ||
| Q2 25 | $168.4M | $110.3M | ||
| Q1 25 | $-334.3M | $-3.5M | ||
| Q4 24 | $362.6M | $125.4M | ||
| Q3 24 | $-89.9M | $181.0M | ||
| Q2 24 | $61.5M | $278.2M | ||
| Q1 24 | $28.5M | $-66.7M |
| Q4 25 | $290.1M | $5.2M | ||
| Q3 25 | $185.8M | $122.2M | ||
| Q2 25 | $156.9M | $45.6M | ||
| Q1 25 | $-345.5M | $-55.8M | ||
| Q4 24 | $352.6M | $62.0M | ||
| Q3 24 | $-99.4M | $130.3M | ||
| Q2 24 | $51.2M | $222.6M | ||
| Q1 24 | $19.1M | $-119.2M |
| Q4 25 | 17.1% | 0.4% | ||
| Q3 25 | 11.5% | 9.0% | ||
| Q2 25 | 10.3% | 3.4% | ||
| Q1 25 | -24.8% | -4.1% | ||
| Q4 24 | 17.6% | 4.7% | ||
| Q3 24 | -5.7% | 10.2% | ||
| Q2 24 | 3.0% | 17.4% | ||
| Q1 24 | 1.3% | -9.0% |
| Q4 25 | 0.8% | 4.2% | ||
| Q3 25 | 0.7% | 3.9% | ||
| Q2 25 | 0.8% | 4.8% | ||
| Q1 25 | 0.8% | 3.9% | ||
| Q4 24 | 0.5% | 4.8% | ||
| Q3 24 | 0.5% | 4.0% | ||
| Q2 24 | 0.6% | 4.3% | ||
| Q1 24 | 0.6% | 4.0% |
| Q4 25 | 2.99× | 3.19× | ||
| Q3 25 | 1.80× | 6.09× | ||
| Q2 25 | 1.56× | 2.72× | ||
| Q1 25 | -3.05× | -0.06× | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | -0.57× | 3.25× | ||
| Q2 24 | 0.37× | 3.59× | ||
| Q1 24 | 0.21× | -0.69× |
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% |
SEM
| Critical Illness Recovery Hospitals | $629.7M | 45% |
| Health Care Patient Service Non Medicare | $428.6M | 31% |
| Rehabilitation Hospitals | $339.2M | 24% |
