GRBK · Green Brick Partners, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '24 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $447.34M | - | $499.09M | $549.15M | $497.62M | - | $523.66M | $560.63M | - | $418.98M |
| Cost of Revenue | $299.08M | - | $343.63M | $381.63M | $341.84M | - | $352.10M | $370.96M | - | $279.96M |
| Gross Profit | $148.26M | - | $155.46M | $167.51M | $155.78M | - | $171.56M | $189.67M | - | $139.01M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $50.57M | - | $58.14M | $59.77M | $54.90M | - | $57.74M | $57.60M | - | $46.88M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.13M | - | - | - | $1.41M | - | - | - | - | - |
| Operating Income | $115.63M | - | $106.64M | $112.29M | $106.15M | - | $118.98M | $139.18M | - | $98.09M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $24.84M | - | $23.23M | $22.96M | $22.22M | - | $23.08M | $23.90M | - | $20.98M |
| Net Income | $83.30M | - | $77.85M | $81.95M | $75.06M | - | $89.11M | $105.36M | - | $72.16M |
| EPS - Basic | $1.84 | - | $1.77 | $1.86 | $1.67 | - | $1.99 | $2.34 | - | $1.58 |
| EPS - Diluted | $1.82 | - | $1.77 | $1.85 | $1.67 | - | $1.98 | $2.32 | - | $1.56 |
Balance Sheet
| Line item | Q1 '24 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $154.59M | $190.99M | $142.43M | $112.46M | $103.00M | $159.70M | $80.07M | $133.29M | $199.46M | $223.45M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $2.53B | $2.53B | $2.48B | $2.32B | $2.27B | $2.25B | $2.17B | $2.06B | $1.90B | $1.87B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | $323.27M | - | - | - | $339.87M | - | - | $350.48M | - |
| Total Liabilities | $542.50M | $601.78M | $602.44M | $520.37M | $515.26M | $551.83M | $584.19M | $561.77M | $548.68M | $569.76M |
| Stockholders' Equity | $1.92B | $1.86B | $1.80B | $1.73B | $1.69B | $1.63B | $1.52B | $1.44B | $1.30B | $1.25B |
| Retained Earnings | $1.62B | $1.57B | $1.51B | $1.43B | $1.41B | $1.33B | $1.23B | $1.16B | $997.04M | $940.40M |
Cash Flow
| Line item | Q1 '24 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.02M | - | - | - | $68.75M | - | - | - | - | - |
| Investing Cash Flow | $61.32M | - | - | - | ($11.96M) | - | - | - | - | - |
| Financing Cash Flow | ($51.29M) | - | - | - | ($81.63M) | - | - | - | - | - |
| CapEx | $942.0K | - | - | - | $713.0K | - | - | - | - | - |
| Free Cash Flow | $75.0K | - | - | - | $68.03M | - | - | - | - | - |
Ratios
| Metric | Q1 '24 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 33.1% | - | 31.1% | 30.5% | 31.3% | - | 32.8% | 33.8% | - | 33.2% |
| Operating margin | 25.8% | - | 21.4% | 20.4% | 21.3% | - | 22.7% | 24.8% | - | 23.4% |
| EBITDA margin | 26.1% | - | - | - | 21.6% | - | - | - | - | - |
| Net margin | 18.6% | - | 15.6% | 14.9% | 15.1% | - | 17.0% | 18.8% | - | 17.2% |
| Free cash flow margin | 0.0% | - | - | - | 13.7% | - | - | - | - | - |
| FCF / Net income | 0.00 | - | - | - | 0.91 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 11.3% | - | 11.6% | 10.9% | 11.0% | - | 11.0% | 10.3% | - | 11.2% |
| Effective tax rate | 23.0% | - | 23.0% | 21.9% | 22.8% | - | 20.6% | 18.5% | - | 22.5% |
| Return on assets | 3.3% | - | 3.1% | 3.5% | 3.3% | - | 4.1% | 5.1% | - | 3.9% |
| Return on equity | 4.3% | - | 4.3% | 4.7% | 4.4% | - | 5.9% | 7.3% | - | 5.8% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | 0.17 | - | - | - | 0.21 | - | - | 0.27 | - |
| Debt / Assets | - | 0.13 | - | - | - | 0.15 | - | - | 0.18 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.32 | 1.36 | 1.38 | 1.34 | 1.34 | 1.38 | 1.43 | 1.43 | 1.46 | 1.50 |
| Liabilities / Assets | 0.21 | 0.24 | 0.24 | 0.22 | 0.23 | 0.25 | 0.27 | 0.27 | 0.29 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.20 | 0.24 | 0.22 | - | 0.24 | 0.27 | - | 0.22 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 35.4x | - | 41.7x | 34.0x | 34.9x | - | 42.2x | 24.7x | - | 26.6x |
| P / B | 1.5x | - | 1.8x | 1.6x | 1.5x | - | 2.4x | 1.8x | - | 1.5x |
| P / S | 6.5x | - | 6.5x | 5.0x | 5.2x | - | 7.1x | 4.6x | - | 4.5x |
| EV / EBITDA | 23.8x | - | - | - | 23.2x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -1.0% | - | -4.7% | -2.0% | 11.2% | - | 25.0% | 22.9% | - | 2.7% |
| Revenue CAGR (3y) | 24.0% | - | 7.0% | 1.5% | 8.1% | - | 15.2% | 14.5% | - | 15.0% |
| Revenue CAGR (5y) | 21.5% | - | 12.6% | 18.7% | 18.5% | - | 20.1% | 25.0% | - | 22.8% |
| Gross profit growth (YoY) | 19.0% | - | -9.4% | -11.7% | 5.1% | - | 23.4% | 32.7% | - | 4.3% |
| Operating income growth (YoY) | 32.6% | - | -10.4% | -19.3% | -8.2% | - | 21.3% | 33.6% | - | 0.5% |
| Net income growth (YoY) | 29.8% | - | -12.6% | -22.2% | -9.9% | - | 23.5% | 40.0% | - | -1.9% |
| EPS growth (YoY) | 32.8% | - | -10.6% | -20.3% | -8.2% | - | 26.9% | 42.3% | - | -0.6% |
| EPS CAGR (3y) | 52.8% | - | 4.1% | -3.8% | 11.6% | - | 27.7% | 31.5% | - | 31.9% |
| EPS CAGR (5y) | 48.7% | - | 21.1% | 22.9% | 40.0% | - | 44.9% | 51.6% | - | 45.4% |
| FCF growth (YoY) | -100.0% | - | - | - | 90612.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | 263.0% | - | - | - | - | - |
| Book value growth (YoY) | 72.0% | 14.4% | 18.6% | 19.9% | -11.8% | 25.0% | 22.1% | 22.6% | 22.5% | 23.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.10B totalUs Gaap_Home Building Member$2.09B · 99.7%
Land Subdividers And Developers No Cemeteries$6.99M · 0.3%
Product / service
$2.10B totalResidential Real Estate$2.09B · 99.7%
Real Estate Other$6.99M · 0.3%
Geographic
$2.09B totalUSCentral Region$1.58B · 75.5%
USSoutheast Region$511.93M · 24.5%
Peer comparison
Same SIC group: Operative Builders
Comparing Green Brick Partners against the 5 most active filers in the same SIC group.