KB Home — Earnings Quality Grade F
KBH · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 0 days, change +0 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -10.0%, CFFO -7.5%. Cash follows revenue
Expense Quality
Inventory 2.6% vs COGS -7.2%. Normal
CapEx growth 23.1% is >2x revenue growth -10.0%
SG&A/Gross Profit = 55.2%. Normal
Gross margin 18.8%, change -2.5pp. Stable
Cash Flow Quality
CFFO/NI = 0.78. Below 1.0
FCF $0.3B, FCF/NI = 0.67
Accruals ratio = 1.4%. Low accruals
Cash $0.2B covers only 13% of debt $1.7B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 3.0x. Healthy
Other assets 7.4% vs revenue -10.0%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.30 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25