KB HOME vs M/I HOMES, INC., two Homebuilders stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
KB Home and M/I Homes are similarly sized homebuilders around $4B, but M/I earns the better returns this cycle: an 11.26% return on equity against KB's 9.15%, and an 8.24% margin against 5.96%. Both run debt-free and trade near book, M/I at 1.36 times and KB at 1.03, KB the cheaper on assets. KB converts a huge 12.47% free cash against M/I's 4.61% and pays a bigger dividend, 1.61%. The pair prices two regional builders: M/I the higher-return, higher-margin operator, KB the cheaper name on book with far stronger current cash conversion, and the decision weighs M/I's steadier returns against KB's cash and discount.
Comparison updated 2026-07-11.
| Metric | KBH | MHO |
|---|---|---|
| Price | $56.29 | $147.40 |
| Market cap | $3.5B | $3.9B |
| Sector | Homebuilders | Homebuilders |
| Stage | Mature | Mature |
| Implied growth (priced in) | +7.6% | -4.1% |
| P/E | 13.7 | 11.1 |
| P/B | 0.93 | 1.23 |
| P/S | 0.64 | 0.90 |
| EV/EBITDA | 349.0 | 8.6 |
| Revenue growth | -18.2% | -1.7% |
| Operating margin | — | 9.3% |
| Net margin | 4.9% | 8.2% |
| Return on equity | 7.2% | 11.3% |
| Return on assets | 4.0% | 7.5% |
| Return on invested capital | — | 11.2% |
| FCF yield | 10.2% | 5.1% |
| Dividend yield | 1.8% | — |
| Debt / equity | 0.00 | 0.00 |
| Altman Z (solvency) | 7.44 | 3.42 |
| Piotroski F (quality) | 9 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.