Green Brick Partners, Inc. (GRBK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.39	$1.7	+22.3%	—	$493.8M	—
Q1 26	$1.19	$1.39	+16.8%	—	$465.5M	—
Q4 25	$1.67	$1.78	+6.6%	—	$552.6M	—
Q3 25	$1.48	$1.77	+19.6%	—	$499.1M	—
Q2 25	$1.94	$1.85	-4.6%	—	$549.1M	—
Q1 25	$1.76	$1.67	-5.1%	—	$497.6M	—
Q4 24	$2.02	$2.31	+14.4%	—	$567.3M	—
Q3 24	$2.07	$1.98	-4.3%	—	$523.7M	—
Q2 24	$1.77	$2.32	+31.1%	—	$560.6M	—
Q1 24	$1.51	$1.82	+20.5%	—	$447.3M	—
Q4 23	$1.77	$1.58	-10.7%	—	$450.4M	—
Q3 23	$1.45	$1.56	+7.6%	—	$419M	—
Q2 23	$1.15	$1.63	+41.7%	—	$456.3M	—
Q1 23	$0.66	$1.37	+107.6%	—	$452.1M	—
Q4 22	$1.14	$1.18	+3.5%	—	$431.1M	—
Q3 22	$1.38	$1.57	+13.8%	—	$407.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$7.09	—	—	$2B	—
FY24	—	$8.51	—	—	$2.1B	—
FY23	—	$6.2	—	—	$1.8B	—
FY22	—	$6.07	—	—	$1.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$391M	$458.3M	$623.6M	$791.7M	$976M	$1.4B	$1.8B	$1.8B	$2.1B	$2B
YoY change	+34.3%	+17.2%	+36.1%	+26.9%	+23.3%	+43.7%	+25.3%	+1.13%	+18.1%	-2.81%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	391M	458.3M	623.6M	791.7M	976M	1.4B	1.8B	1.8B	2.1B	2B
Cost of revenue	303.2M	339.8M	469.4M	622.6M	741.4M	1B	1.2B	1.2B	1.4B	1.4B
Gross profit	87.8M	118.5M	154.2M	169.1M	234.6M	362.1M	523M	548.2M	703.5M	640.8M
Gross margin	22.4%	25.9%	24.7%	21.4%	24%	25.8%	29.8%	30.8%	33.5%	31.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	38.6M	58.4M	80M	97.8M	112.1M	134.3M	163.9M	193M	226.6M	231.4M
Operating expenses	37.2M	56.4M	77.4M	88.8M	112.1M	134.3M	163.9M	193M	226.6M	231.4M
Operating income	50.6M	60M	74.2M	71.3M	122.5M	227.8M	359.1M	355.2M	477M	409.4M
Operating margin	12.9%	13.1%	11.9%	9.01%	12.5%	16.2%	20.4%	20%	22.7%	20.1%
Non-operating income, net	2.8M	4.2M	7.5M	13M	20.3M	29.2M	37.4M	36.1M	34.9M	28.7M
Pretax income	50.6M	64.2M	81.7M	84.3M	142.8M	257M	396.5M	391.3M	511.9M	438.2M
Income tax	15.4M	39M	17.1M	20M	25M	52.6M	82.5M	84.6M	94.7M	94.7M
Net income	35.2M	25.2M	64.5M	64.3M	117.8M	204.4M	314M	306.7M	417.2M	343.5M
Net margin	9%	5.5%	10.3%	8.12%	12.1%	14.6%	17.9%	17.3%	19.9%	16.8%
EBITDA	50.8M	60.3M	78.8M	79.3M	126.5M	230.5M	361.4M	358.8M	481.8M	414.6M
EPS	0.49	0.3	1.02	1.16	2.25	3.75	6.07	6.2	8.51	7.09
Diluted EPS	0.49	0.3	1.02	1.16	2.24	3.72	6.02	6.14	8.45	7.07

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	419M	450.4M	447.3M	560.6M	523.7M	567.3M	497.6M	549.1M	499.1M	552.6M	465.5M	493.8M
Cost of revenue	280M	308.8M	299.1M	371M	352.1M	373.3M	341.8M	381.6M	343.6M	390.6M	329.5M	342.9M
Gross profit	139M	141.6M	148.3M	189.7M	171.6M	194M	155.8M	167.5M	155.5M	162M	136M	150.9M
Gross margin	33.2%	31.4%	33.1%	33.8%	32.8%	34.2%	31.3%	30.5%	31.1%	29.3%	29.2%	30.6%
Research & development	106K	—	65K	78K	81K	—	147K	238K	421K	—	-254K	-37K
Selling, general & administrative	46.8M	51.2M	50.5M	57.5M	57.7M	60.9M	54.7M	59.5M	57.7M	59.4M	52.8M	54.4M
Operating expenses	46.9M	51.2M	50.6M	57.6M	57.7M	60.9M	54.9M	59.8M	58.1M	59.4M	52.6M	54.4M
Operating income	92.1M	90.7M	97.7M	132.1M	113.8M	133.4M	100.9M	107.7M	97.3M	103.5M	83.4M	96.5M
Operating margin	22%	20.1%	21.8%	23.6%	21.7%	23.5%	20.3%	19.6%	19.5%	18.7%	17.9%	19.5%
Non-operating income, net	6M	11.1M	17.9M	7.1M	5.2M	4.7M	5.3M	4.5M	9.3M	9.6M	821K	3M
Pretax income	98.1M	101.8M	115.6M	139.2M	119M	138.1M	106.1M	112.3M	106.6M	113.1M	84.3M	99.5M
Income tax	21M	21.5M	24.8M	23.9M	23.1M	22.9M	22.2M	23M	23.2M	26.3M	18.4M	20.7M
Net income	77.1M	80.4M	90.8M	115.3M	95.9M	115.2M	83.9M	89.3M	83.4M	86.8M	65.8M	78.8M
Net margin	18.4%	17.8%	20.3%	20.6%	18.3%	20.3%	16.9%	16.3%	16.7%	15.7%	14.1%	16%
EBITDA	93M	91.8M	98.8M	133.3M	115.1M	134.6M	102.3M	108.8M	98.8M	104.6M	84.5M	97.6M
EPS	1.58	—	1.84	2.34	1.99	2.32	1.67	1.86	1.77	1.79	1.4	1.71
Diluted EPS	1.56	—	1.82	2.32	1.98	2.31	1.67	1.85	1.77	1.78	1.39	1.7

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	560.4M	366.7M	580.1M	1.2B	1.5B	1.2B	2.4B	2.5B	2.7B	2.9B
Enterprise value	—	639.5M	729.2M	788.4M	1.4B	1.8B	1.4B	2.5B	2.7B	2.9B	3.2B
Shares outstanding	48.9M	49.6M	50.7M	50.5M	50.6M	50.7M	47.6M	45.4M	44.5M	43.8M	43.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	22.2	5.68	9.02	9.86	7.52	3.68	7.7	6.03	7.99	10.4
P/S	—	1.22	0.59	0.73	1.19	1.1	0.66	1.33	1.2	1.35	1.5
P/B	—	1.29	0.76	1.08	1.75	1.69	1.04	1.74	1.48	1.42	1.54
EV/EBITDA	—	10.6	9.25	9.94	10.8	7.81	4.01	7.07	5.64	7.04	8.59
EV/Sales	—	1.4	1.17	1	1.4	1.28	0.82	1.43	1.29	1.43	1.65
Earnings yield	—	4.5%	17.6%	11.1%	10.1%	13.3%	27.2%	13%	16.6%	12.5%	9.64%
FCF yield	—	-3.24%	-11.6%	-4.25%	2.78%	-6.14%	7.68%	8.71%	0.86%	7.6%	0.24%
PEG	—	—	—	—	—	—	—	—	—	—	-1.29

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	22.4%	25.9%	24.7%	21.4%	24%	25.8%	29.8%	30.8%	33.5%	31.4%	30.6%
Operating margin	12.9%	13.1%	11.9%	9.01%	12.5%	16.2%	20.4%	20%	22.7%	20.1%	19.5%
Net margin	9%	5.5%	10.3%	8.12%	12.1%	14.6%	17.9%	17.3%	19.9%	16.8%	14.8%
ROE	8.76%	5.82%	13.3%	12%	17.8%	22.4%	28.2%	22.6%	24.6%	17.8%	16.4%
ROA	6.5%	4.13%	8.23%	7.34%	11.9%	14.4%	19%	16.1%	18.5%	13.6%	9.45%
ROIC	7.78%	4.6%	6.91%	7.3%	11.7%	15.4%	20.2%	18.2%	20.4%	15.2%	13.5%
Return on tangible assets	6.5%	4.13%	8.26%	7.37%	11.9%	14.4%	19%	16.1%	18.6%	13.6%	12.1%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	7.29	7.71	12.9	14.6	4.21	7.63	8.02	9.1	9.2	7.96	7.05
Quick ratio	0.93	0.84	0.84	0.78	0.19	0.59	0.52	1.1	0.76	0.98	0.78
Debt / equity	0.21	0.27	0.83	0.45	0.34	0.37	0.33	0.26	0.2	0.17	0.14
Debt / assets	0.16	0.19	0.51	0.28	0.22	0.24	0.22	0.19	0.15	0.13	0.11
Net debt / EBITDA	1	1.31	4.6	2.63	1.6	1.14	0.82	0.49	0.42	0.42	0.42
Effective tax rate	30.4%	60.8%	21%	23.7%	17.5%	20.5%	20.8%	21.6%	18.5%	21.6%	22%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8	9.24	12.3	15.7	19.3	27.7	36.9	39.1	47.2	46.6	45.5
EPS (basic)	0.49	0.3	1.02	1.16	2.25	3.75	6.07	6.2	8.51	7.09	7.09
EPS (diluted)	0.49	0.3	1.02	1.16	2.24	3.72	6.02	6.14	8.45	7.07	6.64
Book value per share	8.21	8.73	9.59	10.6	13.1	18	23.3	29.8	38.2	44.1	44.8
FCF per share	-0.11	-0.37	-0.84	-0.49	0.64	-1.86	1.86	4.52	0.48	4.76	2.58
Cash per share	0.72	0.74	0.76	0.66	0.39	1.52	1.61	3.96	3.18	3.53	3.06
Capex per share	0.01	0	0.06	0.05	0.06	0.04	0.04	0.17	0.1	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.12%	0.03%	0.51%	0.33%	0.3%	0.14%	0.11%	0.44%	0.21%	—	—
Capex / operating cash flow	-3.9%	-0.86%	-6.54%	-16.2%	8.9%	-2.01%	2.79%	3.8%	26.4%	—	—
Payout ratio	27.7%	43.2%	16.7%	—	0%	0%	0.9%	0.94%	0.69%	0.84%	0%
Dividend yield	—	1.94%	2.93%	—	0%	0%	0.24%	0.12%	0.11%	0.1%	0.1%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$419M	$450.4M	$447.3M	$560.6M	$523.7M	$567.3M	$497.6M	$549.1M	$499.1M	$552.6M	$465.5M	$493.8M
YoY change	+2.7%	+4.48%	-1.04%	+22.9%	+25%	+26%	+11.2%	-2.05%	-4.69%	-2.59%	-6.46%	-10.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	35.2M	36.7M	38.3M	33.3M	19.5M	77.2M	76.6M	179.8M	141.5M	154.6M
Receivables	2.4M	1.6M	4.8M	4.7M	5.2M	6.9M	5.3M	10.6M	13.9M	40M
Inventory	410.3M	496.1M	669M	753.6M	844.6M	1.2B	1.4B	1.5B	1.9B	2.1B
Total current assets	470.5M	556.3M	715.6M	796M	883.5M	1.3B	1.5B	1.7B	2.1B	2.4B
Property, plant & equipment	892K	1.3M	4.6M	1.5M	-1.2M	268K	-1.1M	4.7M	3.2M	1.2M
Goodwill & intangibles	—	0	3.1M	2.8M	2.6M	2.4M	2.3M	2.1M	1.9M	1.8M
Total assets	541M	611M	784M	875.5M	988.8M	1.4B	1.7B	1.9B	2.2B	2.5B
Accounts payable	15.1M	22.4M	26.1M	30M	24.5M	45.7M	51.8M	54.3M	59.7M	94.5M
Short-term debt	10.9M	9.9M	200.4M	—	106.7M	-738K	17.4M	-2.3M	22.6M	96.1M
Total current liabilities	64.5M	72.2M	55.3M	54.7M	209.8M	170.9M	189.6M	191.6M	229.5M	300.4M
Long-term debt	75M	105.8M	200.4M	241.6M	115.8M	340.4M	354M	357.1M	322.3M	232.8M
Total liabilities	139.5M	178M	298.4M	339.1M	325.9M	511.3M	543.6M	548.7M	551.8M	601.8M
Shareholders' equity	401.5M	433M	485.6M	536.4M	663M	910.6M	1.1B	1.4B	1.7B	1.9B
Total debt	85.9M	115.7M	400.8M	241.6M	222.5M	339.7M	371.4M	354.8M	344.9M	328.9M
Net debt	50.8M	79M	362.5M	208.3M	203M	262.5M	294.8M	175M	203.4M	174.3M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	303.7M	179.8M	220.6M	169.9M	80.1M	141.5M	103M	112.5M	142.4M	154.6M	144.9M	131.6M
Receivables	10M	10.6M	8.6M	14.7M	11.3M	13.9M	12.6M	42M	40.3M	40M	30.8M	28.3M
Inventory	1.5B	1.5B	1.7B	1.8B	1.9B	1.9B	2B	2B	2.1B	2.1B	2.2B	2.3B
Total current assets	1.8B	1.7B	1.9B	2B	2B	2.1B	2.1B	2.2B	2.3B	2.4B	2.4B	2.4B
Property, plant & equipment	13.3M	4.7M	13.8M	14.8M	14.4M	3.2M	12.8M	12.3M	13.7M	1.2M	13.6M	13.1M
Goodwill & intangibles	2.1M	2.1M	2M	2M	2M	1.9M	1.9M	1.8M	1.8M	1.8M	1.7M	1.7M
Total assets	1.9B	1.9B	2B	2.1B	2.2B	2.2B	2.3B	2.3B	2.5B	2.5B	2.5B	2.6B
Accounts payable	56.6M	54.3M	53.3M	68M	67.3M	59.7M	77.7M	78.8M	91.3M	94.5M	92.7M	110.9M
Short-term debt	-2M	-2.3M	-2.3M	-1.9M	-1.7M	22.6M	-1.6M	2.2M	62.8M	96.1M	22.7M	32.5M
Total current liabilities	212.7M	191.6M	219.4M	241.5M	276.6M	229.5M	218.2M	164M	258.8M	300.4M	232.8M	247.8M
Long-term debt	357M	357.1M	319.3M	320.2M	307.6M	322.3M	297.1M	297.1M	285.7M	232.8M	259.7M	259.4M
Total liabilities	605M	548.7M	576.9M	600.6M	584.2M	551.8M	515.3M	520.4M	602.4M	601.8M	542.5M	561.8M
Shareholders' equity	1.3B	1.4B	1.4B	1.5B	1.6B	1.7B	1.8B	1.8B	1.9B	1.9B	2B	2B
Total debt	355.1M	354.8M	317M	318.3M	305.9M	344.9M	295.5M	299.3M	348.5M	328.9M	282.4M	291.9M
Net debt	131.6M	175M	131.1M	185M	225.8M	203.4M	192.5M	186.8M	206M	174.3M	137.4M	160.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	35.2M	25.2M	64.5M	64.3M	117.8M	204.4M	314M	306.7M	417.2M	343.5M
Depreciation & amortization	286K	325K	2.9M	3.1M	3.7M	2.7M	2.4M	3.5M	4.9M	5.1M
Stock-based compensation	1.3M	2.6M	1.8M	2.2M	2.1M	3.1M	3.5M	6.8M	8.4M	12.3M
Change in working capital	-62.9M	-81.7M	-134.7M	-90.3M	-85.9M	-310.2M	-246.9M	-112.9M	-415.2M	-202.3M
Operating cash flow	-11.8M	-17.3M	-49.1M	-15.9M	32.6M	-100.8M	72.2M	205.2M	16.6M	213.2M
Capital expenditure	-458K	-149K	-3.2M	-2.6M	-2.9M	-2M	-2M	-7.8M	-4.4M	—
Investing cash flow	-458K	-435K	-30.8M	-7.9M	-13.3M	-2M	-6.5M	-13.3M	27.8M	-38.8M
Dividends paid	-9.8M	-10.9M	-10.7M	—	0	0	-2.8M	-2.9M	-2.9M	-2.9M
Share repurchases	0	0	-981K	-2.2M	0	0	-101.5M	-45.8M	-48.4M	-83.8M
Financing cash flow	-14.4M	-48.3M	-9M	-234.1M	-438.4M	-701.5M	-486.5M	-135.8M	-174.5M	-334.4M
Net change in cash	-26.6M	-66M	-88.9M	-258M	-419.1M	-804.3M	-420.8M	56.1M	-130.1M	-159.9M
Free cash flow	-5.3M	-18.2M	-42.7M	-24.6M	32.2M	-94.4M	88.7M	205.5M	21.5M	208.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	77.1M	80.4M	90.8M	115.3M	95.9M	115.2M	83.9M	89.3M	83.4M	86.8M	65.8M	78.8M
Depreciation & amortization	858K	1.1M	1.1M	1.2M	1.2M	1.3M	1.4M	1.1M	1.5M	1.2M	1.1M	1.1M
Stock-based compensation	367K	420K	6.4M	779K	571K	687K	8.1M	1.4M	1.3M	1.5M	4.1M	2.1M
Change in working capital	-65.1M	-85.7M	-102.9M	-129M	-144.1M	-39.2M	-14.5M	-23.6M	-124.5M	-39.7M	-30M	-84.8M
Operating cash flow	13.3M	-3.8M	-4.7M	-11.6M	-46.3M	77.9M	79M	74.7M	-10.2M	80M	56.3M	-8.8M
Capital expenditure	-1.9M	-3M	-942K	-1.4M	-1.2M	-883K	-713K	—	—	—	—	—
Investing cash flow	-2.2M	-3.4M	61.3M	-3.2M	-23.5M	-6.8M	-12M	-13M	-5.5M	-9.1M	-3.5M	-6.5M
Dividends paid	-718K	-719K	-719K	-719K	-718K	-719K	-719K	-719K	-718K	-719K	-719K	-719K
Share repurchases	-93K	-17.7M	-3.8M	-38.8M	-5.4M	-393K	-16.9M	-43.8M	0	-23M	-7.3M	-9.4M
Financing cash flow	-5.4M	-24M	-51.3M	-51.3M	-49.8M	-92.4M	-187.2M	-66.1M	24.5M	-220.6M	-115.5M	43.7M
Net change in cash	5.7M	-31.2M	5.4M	-66.1M	-119.7M	-21.3M	-120.2M	-4.4M	8.9M	-149.7M	-62.7M	28.3M
Free cash flow	20.6M	-22.4M	75K	780K	-7.4M	28.1M	68M	74M	-12M	78.4M	55M	-9.8M

Green Brick Partners, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement