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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.10B | $2.10B | $1.78B | $1.76B | $1.40B | $976.02M |
| Cost of Revenue | $1.46B | $1.40B | $1.23B | $1.23B | $1.04B | $741.42M |
| Gross Profit | $640.81M | $703.52M | $548.18M | $523.02M | $362.06M | $234.60M |
| R&D | - | - | - | - | - | - |
| SG&A | $231.36M | $226.57M | $192.98M | $163.94M | $134.27M | $112.13M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $5.11M | $4.88M | $3.54M | $2.37M | $2.74M | $3.67M |
| Operating Income | $438.18M | $511.88M | $391.31M | $396.46M | $256.99M | $142.81M |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Tax | $94.67M | $94.72M | $84.64M | $82.47M | $52.60M | $25.02M |
| Net Income | $313.23M | $381.58M | $284.63M | $291.90M | $190.21M | $113.69M |
| EPS - Basic | $7.09 | $8.51 | $6.20 | $6.07 | $3.75 | $2.25 |
| EPS - Diluted | $7.07 | $8.45 | $6.14 | $6.02 | $3.72 | $2.24 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $190.99M | $159.70M | $199.46M | $93.27M | $93.55M | $33.63M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $2.53B | $2.25B | $1.90B | $1.66B | $1.42B | $988.85M |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $323.27M | $339.87M | $350.48M | $371.93M | $339.50M | $220.50M |
| Total Liabilities | $601.78M | $551.83M | $548.68M | $543.62M | $511.31M | $325.89M |
| Stockholders' Equity | $1.86B | $1.63B | $1.30B | $1.06B | $874.55M | $640.24M |
| Retained Earnings | $1.57B | $1.33B | $997.04M | $754.34M | $539.87M | $349.66M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $213.24M | $25.91M | $213.34M | $90.68M | ($92.38M) | $35.10M |
| Investing Cash Flow | ($43.55M) | $27.84M | ($13.35M) | ($6.48M) | ($2.03M) | ($13.30M) |
| Financing Cash Flow | $138.40M | ($93.51M) | ($93.80M) | ($84.48M) | $154.33M | ($25.85M) |
| CapEx | $4.80M | $4.37M | $7.80M | $2.01M | $2.02M | $2.87M |
| Free Cash Flow | $208.45M | $21.55M | $205.54M | $88.66M | ($94.41M) | $32.23M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 30.5% | 33.5% | 30.8% | 29.8% | 25.8% | 24.0% |
| Operating margin | 20.9% | 24.4% | 22.0% | 22.6% | 18.3% | 14.6% |
| EBITDA margin | 21.1% | 24.6% | 22.2% | 22.7% | 18.5% | 15.0% |
| Net margin | 14.9% | 18.2% | 16.0% | 16.6% | 13.6% | 11.6% |
| Free cash flow margin | 9.9% | 1.0% | 11.6% | 5.0% | -6.7% | 3.3% |
| FCF / Net income | 0.67 | 0.06 | 0.72 | 0.30 | -0.50 | 0.28 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.0% | 10.8% | 10.9% | 9.3% | 9.6% | 11.5% |
| Effective tax rate | 23.2% | 19.9% | 22.9% | 22.0% | 21.7% | 18.0% |
| Return on assets | 12.4% | 17.0% | 15.0% | 17.6% | 13.4% | 11.5% |
| Return on equity | 16.8% | 23.5% | 21.9% | 27.5% | 21.7% | 17.8% |
| Return on invested capital | 15.4% | 20.9% | 18.3% | 21.6% | 16.6% | 13.6% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.17 | 0.21 | 0.27 | 0.35 | 0.39 | 0.34 |
| Debt / Assets | 0.13 | 0.15 | 0.18 | 0.22 | 0.24 | 0.22 |
| Debt / EBITDA | 0.73 | 0.66 | 0.89 | 0.93 | 1.31 | 1.51 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.36 | 1.38 | 1.46 | 1.56 | 1.63 | 1.54 |
| Liabilities / Assets | 0.24 | 0.25 | 0.29 | 0.33 | 0.36 | 0.33 |
| Efficiency | ||||||
| Asset turnover | 0.83 | 0.93 | 0.93 | 1.06 | 0.99 | 0.99 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 8.9x | 6.7x | 8.5x | 4.0x | 8.2x | 10.2x |
| P / B | 1.5x | 1.6x | 1.8x | 1.1x | 1.8x | 1.8x |
| P / S | 1.3x | 1.2x | 1.3x | 0.7x | 1.1x | 1.2x |
| EV / EBITDA | 6.5x | 5.3x | 6.4x | 3.6x | 6.9x | 9.2x |
| Growth | ||||||
| Revenue growth (YoY) | -0.0% | 18.1% | 1.1% | 25.3% | 43.7% | 23.3% |
| Revenue CAGR (3y) | 6.1% | 14.4% | 22.1% | 30.5% | 31.0% | 29.0% |
| Revenue CAGR (5y) | 16.5% | 21.5% | 23.3% | 31.1% | 29.8% | 27.4% |
| Gross profit growth (YoY) | -8.9% | 28.3% | 4.8% | 44.5% | 54.3% | 38.8% |
| Operating income growth (YoY) | -14.4% | 30.8% | -1.3% | 54.3% | 79.9% | 69.4% |
| Net income growth (YoY) | -17.9% | 34.1% | -2.5% | 53.5% | 67.3% | 93.8% |
| EPS growth (YoY) | -16.3% | 37.6% | 2.0% | 61.8% | 66.1% | 93.1% |
| EPS CAGR (3y) | 5.5% | 31.5% | 40.0% | 73.1% | 53.9% | 95.5% |
| EPS CAGR (5y) | 25.8% | 48.8% | 43.2% | 82.2% | 50.0% | 42.6% |
| FCF growth (YoY) | 867.4% | -89.5% | 131.8% | - | - | - |
| FCF CAGR (5y) | 45.3% | - | - | - | - | - |
| Book value growth (YoY) | 14.4% | 25.0% | 22.5% | 21.4% | 36.6% | 22.4% |
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%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Operative Builders
Comparing Green Brick Partners against the 5 most active filers in the same SIC group.