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Green Brick Partners (GRBK) Financials

Green Brick Partners logo
$71.06 +4.02 (+5.99%)
Closing price 08/22/2025 03:59 PM Eastern
Extended Trading
$71.05 -0.02 (-0.02%)
As of 08/22/2025 05:45 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Green Brick Partners

Annual Income Statements for Green Brick Partners

This table shows Green Brick Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 15 24 15 52 59 114 190 292 285 382
Consolidated Net Income / (Loss)		 26 35 25 65 64 118 204 314 307 417
Net Income / (Loss) Continuing Operations		 26 35 25 65 64 118 204 314 307 417
Total Pre-Tax Income 		35 51 64 82 84 143 257 396 391 512
Total Revenue		 291 391 458 624 792 976 1,403 1,783 1,794 2,104
Net Interest Income / (Expense)		 -0.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 291 391 458 624 792 976 1,403 1,783 1,794 2,104
Net Realized & Unrealized Capital Gains on Investments		 - - - - - - - 26 17 5.08
Other Non-Interest Income		 291 391 458 624 792 976 1,403 1,758 1,778 2,099
Total Non-Interest Expense		 259 342 398 551 725 854 1,175 1,399 1,423 1,622
Other Operating Expenses		 243 342 398 549 720 854 1,175 1,399 1,423 1,622
Nonoperating Income / (Expense), net		 2.72 1.42 4.22 9.20 18 21 29 12 19 30
Income Tax Expense		 9.17 15 39 17 20 25 53 82 85 95
Net Income / (Loss) Attributable to Noncontrolling Interest		 10 11 10 13 5.65 4.10 14 22 22 36
Basic Earnings per Share		 $0.38 $0.49 $0.30 $1.02 $1.16 $2.25 $3.75 $6.07 $6.20 $8.51
Weighted Average Basic Shares Outstanding		 40.07M 48.88M 49.60M 50.65M 50.53M 50.57M 50.70M 47.65M 45.45M 44.51M
Diluted Earnings per Share		 $0.38 $0.49 $0.30 $1.02 $1.16 $2.24 $3.72 $6.02 $6.14 $8.45
Weighted Average Diluted Shares Outstanding		 40.10M 48.89M 49.68M 50.75M 50.64M 50.80M 51.06M 47.99M 45.92M 44.84M
Weighted Average Basic & Diluted Shares Outstanding		 40.30M 48.50M 49.90M 50.60M 50.49M 50.66M 50.76M 46.03M 44.97M 44.50M

Quarterly Income Statements for Green Brick Partners

This table shows Green Brick Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 74 56 64 75 72 73 83 105 89 104 75
Consolidated Net Income / (Loss)		 81 61 68 81 77 80 91 115 96 115 84
Net Income / (Loss) Continuing Operations		 81 61 68 81 77 80 91 115 96 115 84
Total Pre-Tax Income 		98 78 87 104 98 102 116 139 119 138 106
Total Revenue		 414 437 456 462 420 456 450 562 525 568 498
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 414 437 456 462 420 456 450 562 525 568 498
Net Realized & Unrealized Capital Gains on Investments		 5.70 5.72 4.22 5.70 1.35 5.48 2.59 1.19 0.99 0.31 0.47
Other Non-Interest Income		 408 431 452 456 419 450 447 561 524 567 498
Total Non-Interest Expense		 318 363 373 363 327 360 350 429 410 434 397
Other Operating Expenses		 318 363 373 363 327 360 350 429 410 434 397
Nonoperating Income / (Expense), net		 1.83 4.41 4.29 4.81 4.61 5.66 15 5.93 4.16 4.40 4.79
Income Tax Expense		 17 17 19 23 21 21 25 24 23 23 22
Net Income / (Loss) Attributable to Noncontrolling Interest		 7.11 5.62 3.96 5.79 4.96 7.34 7.49 9.92 6.79 11 8.87
Basic Earnings per Share		 $1.58 $1.20 $1.38 $1.64 $1.58 $1.60 $1.84 $2.34 $1.99 $2.34 $1.67
Weighted Average Basic Shares Outstanding		 46.03M 47.65M 45.51M 45.37M 45.32M 45.45M 44.93M 44.76M 44.46M 44.51M 43.93M
Diluted Earnings per Share		 $1.57 $1.17 $1.37 $1.63 $1.56 $1.58 $1.82 $2.32 $1.98 $2.33 $1.67
Weighted Average Diluted Shares Outstanding		 46.39M 47.99M 45.51M 45.76M 45.79M 45.92M 44.93M 45.15M 44.53M 44.84M 43.93M
Weighted Average Basic & Diluted Shares Outstanding		 46.04M 46.03M 45.51M 45.38M 45.38M 44.97M 44.93M 44.50M 44.50M 44.50M 43.93M

Annual Cash Flow Statements for Green Brick Partners

This table details how cash moves in and out of Green Brick Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 0.80 16 0.69 1.47 -4.07 -4.05 60 -0.28 106 -40
Net Cash From Operating Activities		 -45 -4.85 -18 -39 -22 35 -92 91 213 26
Net Cash From Continuing Operating Activities		 -45 -4.85 -18 -39 -22 35 -92 91 213 26
Net Income / (Loss) Continuing Operations		 26 35 25 65 64 118 204 314 307 417
Consolidated Net Income / (Loss)		 26 35 25 65 64 118 204 314 307 417
Depreciation Expense		 0.87 0.29 0.33 2.94 3.08 3.67 2.74 2.37 3.55 4.88
Non-Cash Adjustments to Reconcile Net Income		 8.83 14 37 16 2.29 -7.09 -6.67 -12 3.28 1.95
Changes in Operating Assets and Liabilities, net		 -81 -55 -81 -122 -92 -79 -293 -214 -100 -398
Net Cash From Investing Activities		 2.46 -0.46 -0.44 -31 -7.88 -13 -2.03 -6.48 -13 28
Net Cash From Continuing Investing Activities		 2.46 -0.46 -0.44 -31 -7.88 -13 -2.03 -6.48 -13 28
Purchase of Property, Leasehold Improvements and Equipment		 -0.31 -0.46 -0.15 -3.21 -2.58 -2.90 -2.03 -2.01 -7.80 -4.37
Purchase of Investment Securities		 0.00 0.00 -0.29 -28 -5.30 -10 -0.01 -4.47 -5.55 -32
Sale and/or Maturity of Investments		 2.77 - - - - - - 0.00 0.00 64
Net Cash From Financing Activities		 44 21 19 72 26 -26 154 -84 -94 -94
Net Cash From Continuing Financing Activities		 44 21 19 72 26 -26 154 -84 -94 -94
Issuance of Debt		 89 66 89 165 299 403 975 434 22 121
Repayment of Debt		 -208 -38 -58 -81 -262 -422 -861 -403 -44 -132
Repurchase of Common Equity		 - 0.00 0.00 -0.98 -2.19 0.00 0.00 -101 -46 -48
Payment of Dividends		 - - - - - 0.00 0.00 -2.81 -2.88 -2.88
Other Financing Activities, Net		 162 -6.83 -11 -11 -8.98 -6.95 -7.55 -12 -23 -31
Cash Income Taxes Paid		 1.34 1.50 2.94 4.61 14 21 47 85 91 84

Quarterly Cash Flow Statements for Green Brick Partners

This table details how cash moves in and out of Green Brick Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -23 26 102 36 15 -47 11 -52 -54 55 -25
Net Cash From Operating Activities		 -18 59 155 55 23 -19 1.02 2.16 -6.20 29 69
Net Cash From Continuing Operating Activities		 -18 59 155 55 23 -19 1.02 2.16 -6.20 29 68
Net Income / (Loss) Continuing Operations		 81 61 68 81 77 80 91 115 96 115 84
Consolidated Net Income / (Loss)		 81 61 68 81 77 80 91 115 96 115 84
Depreciation Expense		 0.59 0.65 0.75 0.83 0.86 1.10 1.13 1.25 1.25 1.26 1.41
Non-Cash Adjustments to Reconcile Net Income		 4.91 -5.50 4.04 -0.77 2.27 -2.26 -5.88 0.73 0.11 6.98 9.10
Changes in Operating Assets and Liabilities, net		 -104 3.02 82 -26 -58 -99 -85 -115 -103 -94 -26
Net Cash From Investing Activities		 -2.75 -1.53 -3.10 -4.73 -2.17 -3.35 61 -3.18 -24 -6.80 -12
Net Cash From Continuing Investing Activities		 -2.75 -1.53 -3.10 -4.73 -2.17 -3.35 61 -3.18 -24 -6.80 -12
Purchase of Property, Leasehold Improvements and Equipment		 -0.28 -0.66 -1.58 -1.27 -1.94 -3.01 -0.94 -1.38 -1.16 -0.88 -0.71
Purchase of Investment Securities		 -2.47 -0.87 -1.52 -3.46 -0.23 -0.34 -1.70 -1.79 -22 -5.92 -11
Sale and/or Maturity of Investments		 - - 0.00 - - - 64 - - - 0.00
Net Cash From Financing Activities		 -1.89 -31 -49 -15 -5.41 -24 -51 -51 -24 33 -82
Net Cash From Continuing Financing Activities		 -1.89 -31 -49 -15 -5.41 -24 -51 -51 -24 33 -82
Issuance of Debt		 133 65 22 0.06 - - 0.00 - 26 95 81
Repayment of Debt		 -125 -91 -42 -0.08 -1.59 -0.58 -38 -0.02 -39 -56 -131
Repurchase of Common Equity		 -9.15 - -15 -13 - -18 -3.76 -39 -5.45 -0.39 -17
Payment of Dividends		 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72 -0.72
Other Financing Activities, Net		 - -5.00 -13 -1.84 -3.00 -5.00 -8.95 -12 -5.06 -5.00 -15

Annual Balance Sheets for Green Brick Partners

This table presents Green Brick Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 474 40 40 42 876 989 1,422 1,656 1,903 2,250
Cash and Due from Banks		 21 35 37 38 33 19 77 77 180 142
Restricted Cash		 2.57 - 3.61 - 4.42 14 16 17 20 18
Interest Bearing Deposits at Other Banks		 18 - - - 15 22 26 24 17 14
Trading Account Securities		 - - - - 30 46 56 74 85 61
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 0.80 - - - 4.31 3.60 2.81 2.92 7.05 6.55
Goodwill		 - - - - 0.68 0.68 0.68 0.68 0.68 0.68
Intangible Assets		 - - - - 0.71 0.62 0.54 0.45 0.37 0.28
Other Assets		 431 4.45 - 3.44 787 882 1,243 1,460 1,594 2,009
Total Liabilities & Shareholders' Equity		 474 401 433 486 876 989 1,422 1,656 1,903 2,250
Total Liabilities		 102 0.00 0.00 0.00 326 326 511 544 549 552
Short-Term Debt		 48 - - - 165 131 0.74 17 2.33 0.00
Long-Term Debt		 10 - - - 73 113 336 350 349 337
Other Long-Term Liabilities		 37 - - - 33 41 69 176 202 215
Redeemable Noncontrolling Interest		 - - - - 14 14 22 29 36 45
Total Equity & Noncontrolling Interests		 372 401 433 486 536 649 889 1,083 1,318 1,653
Total Preferred & Common Equity		 360 385 416 468 523 640 875 1,062 1,301 1,625
Total Common Equity		 360 385 416 468 523 640 827 1,060 1,298 1,622
Common Stock		 272 274 290 292 291 294 290 305 301 289
Retained Earnings		 87 111 126 178 235 350 540 754 997 1,333
Noncontrolling Interest		 12 17 17 17 13 9.17 14 21 17 28

Quarterly Balance Sheets for Green Brick Partners

This table presents Green Brick Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 1,658 1,706 1,777 1,867 1,977 2,064 2,172 2,273
Cash and Due from Banks		 48 177 210 223 186 133 80 103
Restricted Cash		 19 18 22 23 25 25 25 32
Interest Bearing Deposits at Other Banks		 25 20 16 18 16 15 14 17
Trading Account Securities		 69 77 82 80 35 37 59 72
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 2.89 3.91 4.38 5.40 6.83 6.98 6.90 5.89
Goodwill		 0.68 0.68 0.68 0.68 0.68 0.68 0.68 0.68
Intangible Assets		 0.47 0.43 0.41 0.39 0.35 0.32 0.30 0.26
Other Assets		 1,492 1,409 1,442 1,516 1,707 1,847 1,986 2,042
Total Liabilities & Shareholders' Equity		 1,658 1,706 1,777 1,867 1,977 2,064 2,172 2,273
Total Liabilities		 601 550 553 570 539 562 584 515
Other Short-Term Payables		 160 161 159 - 168 - - 181
Long-Term Debt		 350 351 351 347 311 311 299 289
Other Long-Term Liabilities		 48 40 46 175 62 203 242 47
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 26 30 33 35 38 39 43 45
Total Equity & Noncontrolling Interests		 1,031 1,127 1,190 1,262 1,400 1,464 1,545 1,713
Total Preferred & Common Equity		 1,009 1,114 1,174 1,245 1,383 1,439 1,521 1,691
Total Common Equity		 1,009 1,066 1,174 1,245 1,383 1,392 1,473 1,691
Common Stock		 262 264 257 257 260 247 244 253
Retained Earnings		 700 818 869 940 1,080 1,162 1,229 1,407
Treasury Stock		 0.00 -15 0.00 - -3.76 -17 0.00 -17
Other Equity Adjustments		 48 - 48 48 48 - - 48
Noncontrolling Interest		 22 12 16 16 16 25 24 23

Annual Metrics And Ratios for Green Brick Partners

This table displays calculated financial ratios and metrics derived from Green Brick Partners' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 18.86% 34.42% 17.20% 36.09% 26.94% 23.29% 43.73% 27.13% 0.62% 17.25%
EBITDA Growth		 -4.99% 50.39% 22.10% 24.97% -7.87% 81.01% 83.30% 67.90% -2.99% 29.67%
EBIT Growth		 -6.70% 53.56% 22.15% 20.75% -8.37% 83.89% 86.56% 68.89% -3.32% 29.60%
NOPAT Growth		 -59.29% 45.20% -31.11% 143.16% -11.58% 98.91% 79.88% 68.18% -4.33% 34.76%
Net Income Growth		 -58.17% 37.69% -28.34% 156.03% -0.36% 83.19% 73.50% 53.63% -2.33% 36.03%
EPS Growth		 -88.82% 28.95% -38.78% 240.00% 13.73% 93.10% 66.07% 61.83% 1.99% 37.62%
Operating Cash Flow Growth		 -2,667.21% 89.32% -271.04% -119.27% 44.14% 259.32% -362.93% 198.15% 135.28% -87.85%
Free Cash Flow Firm Growth		 16.03% 980.57% -94.61% 144.05% -1,346.75% 97.33% -753.13% 145.28% -8.38% -3.04%
Invested Capital Growth		 20.04% -90.78% 1.73% 3.64% 1,787.33% 15.14% 37.43% 18.68% 15.26% 19.29%
Revenue Q/Q Growth		 6.72% 12.98% 2.19% 7.75% 6.03% 1.40% 16.10% -0.08% 2.55% 6.51%
EBITDA Q/Q Growth		 2.26% 31.78% -1.62% 2.46% -2.84% 1.99% 20.27% 3.72% 14.91% 12.58%
EBIT Q/Q Growth		 1.94% 31.69% -1.63% 1.06% -2.25% 1.56% 20.91% 3.75% 14.91% 12.68%
NOPAT Q/Q Growth		 -51.93% 30.24% -43.61% 51.41% -3.47% 1.63% 21.83% 3.02% 15.10% 14.24%
Net Income Q/Q Growth		 -51.62% 20.70% -40.95% 49.29% 0.97% 12.13% 21.95% -1.85% 6.68% 9.11%
EPS Q/Q Growth		 -56.32% 16.67% -53.13% 78.95% 3.57% 14.29% 21.17% -1.15% 7.16% 9.74%
Operating Cash Flow Q/Q Growth		 -81.89% 82.12% 25.89% -19.03% 1.51% -44.51% 35.62% 69.63% -26.95% 215.79%
Free Cash Flow Firm Q/Q Growth		 85.57% 760.51% 204.99% -89.59% -3.93% -169.35% 7.57% 1,250.85% 11.45% -37.96%
Invested Capital Q/Q Growth		 10.28% -91.75% -92.59% -7.24% 2.76% 8.12% 7.56% 2.08% 3.75% 7.94%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 11.30% 12.64% 13.17% 12.09% 8.78% 12.89% 16.43% 21.70% 20.93% 23.14%
EBIT Margin		 11.00% 12.57% 13.10% 11.62% 8.39% 12.51% 16.24% 21.57% 20.73% 22.91%
Profit (Net Income) Margin		 8.78% 9.00% 5.50% 10.35% 8.12% 12.07% 14.57% 17.61% 17.09% 19.83%
Tax Burden Percent		 73.58% 69.58% 39.24% 79.02% 76.25% 82.48% 79.53% 79.20% 78.37% 81.49%
Interest Burden Percent		 108.50% 102.89% 107.03% 112.70% 127.00% 116.96% 112.82% 103.06% 105.21% 106.19%
Effective Tax Rate		 26.42% 30.42% 60.76% 20.98% 23.75% 17.52% 20.47% 20.80% 21.63% 18.51%
Return on Invested Capital (ROIC)		 5.98% 14.57% 58.96% 139.59% 12.20% 11.88% 16.82% 22.35% 18.30% 21.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.69% 13.92% 58.52% 137.86% -1.08% 18.96% 24.81% 24.99% 22.52% 28.07%
Return on Net Nonoperating Assets (RNNOA)		 3.25% -5.48% -52.92% -125.55% 0.21% 7.54% 9.16% 8.70% 6.57% 6.33%
Return on Equity (ROE)		 9.23% 9.10% 6.04% 14.05% 12.42% 19.42% 25.98% 31.05% 24.87% 27.33%
Cash Return on Invested Capital (CROIC)		 -12.23% 180.81% 57.24% 136.02% -167.67% -2.19% -14.71% 5.26% 4.13% 3.41%
Operating Return on Assets (OROA)		 7.32% 19.14% 150.25% 176.66% 14.48% 13.10% 18.90% 25.00% 20.90% 23.21%
Return on Assets (ROA)		 5.84% 13.70% 63.10% 157.32% 14.02% 12.64% 16.96% 20.41% 17.24% 20.09%
Return on Common Equity (ROCE)		 8.86% 8.75% 5.80% 13.53% 11.89% 18.63% 24.22% 28.96% 23.77% 26.14%
Return on Equity Simple (ROE_SIMPLE)		 7.11% 9.15% 6.05% 13.78% 12.29% 18.40% 23.37% 29.57% 23.58% 25.66%
Net Operating Profit after Tax (NOPAT)		 24 34 24 57 51 101 181 305 291 393
NOPAT Margin		 8.09% 8.74% 5.14% 9.18% 6.40% 10.32% 12.91% 17.08% 16.24% 18.67%
Net Nonoperating Expense Percent (NNEP)		 -1.71% 0.65% 0.44% 1.74% 13.28% -7.08% -8.00% -2.64% -4.22% -7.07%
SG&A Expenses to Revenue		 5.59% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 89.00% 87.43% 86.90% 88.38% 91.61% 87.49% 83.76% 78.43% 79.27% 77.09%
Earnings before Interest and Taxes (EBIT)		 32 49 60 72 66 122 228 385 372 482
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 33 49 60 75 69 126 231 387 375 487
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.98 1.28 1.37 0.78 1.11 1.82 1.86 1.05 1.82 1.55
Price to Tangible Book Value (P/TBV)		 0.98 1.28 1.37 0.78 1.11 1.82 1.86 1.05 1.82 1.55
Price to Revenue (P/Rev)		 1.21 1.26 1.25 0.59 0.73 1.19 1.10 0.63 1.31 1.19
Price to Earnings (P/E)		 22.93 20.70 38.18 7.11 9.88 10.23 8.09 3.82 8.28 6.59
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.36% 4.83% 2.62% 14.06% 10.12% 9.77% 12.35% 26.17% 12.08% 15.18%
Enterprise Value to Invested Capital (EV/IC)		 0.88 11.96 13.60 8.29 1.01 1.51 1.44 0.96 1.49 1.35
Enterprise Value to Revenue (EV/Rev)		 1.31 1.21 1.20 0.56 1.00 1.41 1.28 0.79 1.42 1.31
Enterprise Value to EBITDA (EV/EBITDA)		 11.56 9.58 9.08 4.59 11.40 10.93 7.78 3.66 6.78 5.65
Enterprise Value to EBIT (EV/EBIT)		 11.87 9.64 9.13 4.78 11.93 11.26 7.87 3.68 6.84 5.70
Enterprise Value to NOPAT (EV/NOPAT)		 16.13 13.85 23.27 6.05 15.64 13.65 9.89 4.65 8.73 7.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 39.12 0.00 15.62 11.93 106.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 1.12 23.97 6.20 0.00 0.00 0.00 19.74 38.73 43.15
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.16 0.00 0.00 0.00 0.43 0.37 0.37 0.33 0.26 0.20
Long-Term Debt to Equity		 0.03 0.00 0.00 0.00 0.13 0.17 0.37 0.32 0.26 0.20
Financial Leverage		 0.42 -0.39 -0.90 -0.91 -0.20 0.40 0.37 0.35 0.29 0.23
Leverage Ratio		 1.58 0.66 0.10 0.09 0.89 1.54 1.53 1.52 1.44 1.36
Compound Leverage Factor		 1.71 0.68 0.10 0.10 1.12 1.80 1.73 1.57 1.52 1.44
Debt to Total Capital		 13.42% 0.00% 0.00% 0.00% 30.21% 26.93% 26.98% 24.86% 20.61% 16.54%
Short-Term Debt to Total Capital		 11.06% 0.00% 0.00% 0.00% 20.89% 14.46% 0.06% 1.18% 0.14% 0.00%
Long-Term Debt to Total Capital		 2.37% 0.00% 0.00% 0.00% 9.31% 12.47% 26.92% 23.68% 20.47% 16.54%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.87% 4.21% 3.85% 3.56% 3.41% 2.50% 2.89% 3.39% 3.13% 3.58%
Common Equity to Total Capital		 83.71% 95.79% 96.15% 96.44% 66.39% 70.56% 66.31% 71.61% 76.08% 79.71%
Debt to EBITDA		 1.75 0.00 0.00 0.00 3.43 1.94 1.46 0.95 0.94 0.69
Net Debt to EBITDA		 0.49 0.00 0.00 0.00 2.67 1.50 0.94 0.65 0.36 0.34
Long-Term Debt to EBITDA		 0.31 0.00 0.00 0.00 1.06 0.90 1.46 0.91 0.93 0.69
Debt to NOPAT		 2.45 0.00 0.00 0.00 4.70 2.43 1.86 1.21 1.21 0.86
Net Debt to NOPAT		 0.68 0.00 0.00 0.00 3.67 1.87 1.20 0.82 0.46 0.42
Long-Term Debt to NOPAT		 0.43 0.00 0.00 0.00 1.45 1.12 1.85 1.15 1.20 0.86
Noncontrolling Interest Sharing Ratio		 3.99% 3.78% 4.03% 3.70% 4.26% 4.08% 6.76% 6.72% 4.41% 4.35%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -48 424 23 56 -696 -19 -158 72 66 64
Operating Cash Flow to CapEx		 -14,792.83% -1,059.39% -12,082.55% -1,229.40% -855.10% 1,210.30% -4,562.07% 4,506.81% 2,734.45% 593.63%
Free Cash Flow to Firm to Interest Expense		 -171.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -161.62 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -162.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.67 1.52 11.47 15.20 1.73 1.05 1.16 1.16 1.01 1.01
Fixed Asset Turnover		 365.18 0.00 0.00 0.00 0.00 246.97 437.92 622.38 359.86 309.30
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 430 40 40 42 788 907 1,247 1,480 1,706 2,035
Invested Capital Turnover		 0.74 1.67 11.47 15.20 1.91 1.15 1.30 1.31 1.13 1.13
Increase / (Decrease) in Invested Capital		 72 -390 0.69 1.47 746 119 340 233 226 329
Enterprise Value (EV)		 380 474 548 346 792 1,374 1,792 1,416 2,546 2,750
Market Capitalization		 351 492 572 367 580 1,163 1,540 1,115 2,357 2,514
Book Value per Share		 $7.37 $7.86 $8.23 $9.23 $10.36 $12.64 $16.29 $23.02 $28.60 $36.45
Tangible Book Value per Share		 $7.37 $7.86 $8.23 $9.23 $10.33 $12.61 $16.27 $23.00 $28.57 $36.43
Total Capital		 430 401 433 486 788 907 1,247 1,480 1,706 2,035
Total Debt		 58 0.00 0.00 0.00 238 244 336 368 352 337
Total Long-Term Debt		 10 0.00 0.00 0.00 73 113 336 350 349 337
Net Debt		 16 -35 -40 -38 186 189 217 251 135 163
Capital Expenditures (CapEx)		 0.31 0.46 0.15 3.21 2.58 2.90 2.03 2.01 7.80 4.37
Net Nonoperating Expense (NNE)		 -2.00 -0.99 -1.66 -7.27 -14 -17 -23 -9.31 -15 -24
Net Nonoperating Obligations (NNO)		 58 -362 -393 -444 238 244 336 368 352 337
Total Depreciation and Amortization (D&A)		 0.87 0.29 0.33 2.94 3.08 3.67 2.74 2.37 3.55 4.88
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.38 $0.49 $0.30 $1.02 $1.16 $2.25 $3.75 $6.07 $6.20 $8.51
Adjusted Weighted Average Basic Shares Outstanding		 40.07M 48.88M 49.60M 50.65M 50.53M 50.57M 50.70M 47.65M 45.45M 44.51M
Adjusted Diluted Earnings per Share		 $0.38 $0.49 $0.30 $1.02 $1.16 $2.24 $3.72 $6.02 $6.14 $8.45
Adjusted Weighted Average Diluted Shares Outstanding		 40.10M 48.89M 49.68M 50.75M 50.64M 50.80M 51.06M 47.99M 45.92M 44.84M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.16 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 48.83M 49.01M 50.60M 50.58M 50.49M 50.66M 50.76M 46.03M 44.97M 44.50M
Normalized Net Operating Profit after Tax (NOPAT)		 24 34 42 59 54 101 181 305 291 393
Normalized NOPAT Margin		 8.09% 8.74% 9.17% 9.40% 6.87% 10.35% 12.91% 17.08% 16.24% 18.67%
Pre Tax Income Margin		 11.94% 12.93% 14.02% 13.10% 10.65% 14.63% 18.32% 22.23% 21.81% 24.33%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 113.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 83.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 112.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 82.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.90% 0.94% 0.69%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 1.52% 3.40% 0.00% 0.00% 33.21% 15.86% 12.30%

Quarterly Metrics And Ratios for Green Brick Partners

This table displays calculated financial ratios and metrics derived from Green Brick Partners' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 18.90% -0.32% 14.27% -13.43% 1.62% 4.36% -1.39% 21.61% 24.82% 24.52% 10.70%
EBITDA Growth		 50.88% 23.04% 4.02% -26.36% -2.10% 31.13% 21.25% 34.18% 23.04% 38.71% 1.34%
EBIT Growth		 51.57% 23.33% 3.89% -26.70% -2.39% 30.79% 20.99% 34.05% 22.83% 39.00% 1.08%
NOPAT Growth		 59.18% 19.14% 4.53% -27.00% -7.12% 31.53% 21.53% 42.74% 25.94% 46.93% 1.79%
Net Income Growth		 57.30% -8.82% 6.15% -24.94% -4.37% 31.38% 33.24% 42.21% 24.36% 43.34% -7.56%
EPS Growth		 65.26% -5.65% 14.17% -21.63% -0.64% 35.04% 32.85% 42.33% 26.92% 47.47% -8.24%
Operating Cash Flow Growth		 -530.07% 168.29% 1,205.52% -12.54% 224.62% -132.62% -99.34% -96.10% -127.52% 249.48% 6,659.78%
Free Cash Flow Firm Growth		 21.86% 39.82% 59.12% 13.82% 42.84% 14.47% -22.74% 1.93% -23.02% -45.18% -35.44%
Invested Capital Growth		 25.05% 18.68% 14.89% 15.00% 13.40% 15.26% 15.86% 14.98% 14.67% 19.29% 17.02%
Revenue Q/Q Growth		 -22.49% 5.60% 10.97% 1.25% -9.02% 8.45% 2.46% 24.87% -6.62% 8.19% -12.25%
EBITDA Q/Q Growth		 -29.21% -23.00% 72.20% 19.85% -5.89% 3.13% 25.90% 32.64% -13.71% 16.27% -23.85%
EBIT Q/Q Growth		 -29.39% -23.20% 72.97% 19.94% -5.97% 2.90% 26.23% 32.88% -13.83% 16.44% -24.18%
NOPAT Q/Q Growth		 -25.31% -27.07% 72.32% 19.35% -4.97% 3.28% 25.60% 40.18% -16.15% 20.50% -28.13%
Net Income Q/Q Growth		 -25.34% -24.15% 11.41% 18.97% -4.88% 4.21% 12.98% 26.97% -16.81% 20.11% -27.14%
EPS Q/Q Growth		 -24.52% -25.48% 17.09% 18.98% -4.29% 1.28% 15.19% 27.47% -14.66% 17.68% -28.33%
Operating Cash Flow Q/Q Growth		 -128.51% 428.19% 160.73% -64.15% -59.38% -185.91% 105.25% 112.59% -386.82% 566.60% 137.60%
Free Cash Flow Firm Q/Q Growth		 -41.96% 17.07% 32.98% 2.02% 5.83% -24.07% -1.43% 21.71% -18.13% -46.42% -0.02%
Invested Capital Q/Q Growth		 5.79% 2.08% 2.03% 4.38% 4.31% 3.75% 2.84% 3.60% 4.03% 7.94% 0.60%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 23.29% 16.99% 18.33% 21.70% 22.44% 21.34% 22.54% 23.94% 22.12% 23.77% 20.63%
EBIT Margin		 23.15% 16.84% 18.16% 21.52% 22.24% 21.10% 22.29% 23.72% 21.88% 23.55% 20.35%
Profit (Net Income) Margin		 19.49% 14.00% 14.93% 17.55% 18.35% 17.63% 20.18% 20.52% 18.28% 20.29% 16.85%
Tax Burden Percent		 82.62% 78.46% 78.17% 77.79% 78.62% 78.90% 78.52% 82.83% 80.60% 83.41% 79.06%
Interest Burden Percent		 101.91% 106.00% 105.18% 104.84% 104.93% 105.88% 115.31% 104.45% 103.62% 103.29% 104.72%
Effective Tax Rate		 17.38% 21.54% 21.83% 22.21% 21.38% 21.10% 21.48% 17.17% 19.40% 16.59% 20.94%
Return on Invested Capital (ROIC)		 26.17% 17.28% 18.25% 19.80% 19.78% 18.76% 19.02% 21.70% 19.75% 22.10% 18.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 26.57% 18.26% 19.18% 20.82% 20.76% 20.00% 22.65% 23.18% 20.79% 23.17% 19.50%
Return on Net Nonoperating Assets (RNNOA)		 10.76% 6.36% 6.59% 6.95% 6.53% 5.83% 5.80% 5.63% 4.64% 5.22% 3.66%
Return on Equity (ROE)		 36.93% 23.64% 24.84% 26.76% 26.31% 24.59% 24.82% 27.33% 24.39% 27.33% 21.91%
Cash Return on Invested Capital (CROIC)		 0.41% 5.26% 6.48% 3.59% 3.81% 4.13% 3.25% 5.24% 5.82% 3.41% 5.10%
Operating Return on Assets (OROA)		 27.50% 19.51% 20.38% 22.29% 22.08% 21.28% 21.44% 23.11% 21.41% 23.87% 20.61%
Return on Assets (ROA)		 23.16% 16.23% 16.75% 18.18% 18.22% 17.78% 19.41% 19.99% 17.88% 20.56% 17.07%
Return on Common Equity (ROCE)		 35.32% 22.05% 22.83% 25.70% 25.20% 23.51% 23.43% 25.73% 22.98% 26.14% 21.07%
Return on Equity Simple (ROE_SIMPLE)		 31.70% 0.00% 28.54% 24.79% 23.09% 0.00% 23.81% 25.26% 25.14% 0.00% 24.26%
Net Operating Profit after Tax (NOPAT)		 79 58 65 77 73 76 79 110 93 112 80
NOPAT Margin		 19.13% 13.21% 14.20% 16.74% 17.48% 16.65% 17.50% 19.65% 17.64% 19.65% 16.09%
Net Nonoperating Expense Percent (NNEP)		 -0.40% -0.98% -0.93% -1.01% -0.98% -1.24% -3.63% -1.48% -1.04% -1.07% -1.26%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 76.85% 83.16% 81.84% 78.48% 77.76% 78.90% 77.71% 76.28% 78.12% 76.45% 79.65%
Earnings before Interest and Taxes (EBIT)		 96 74 83 99 93 96 100 133 115 134 101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 96 74 84 100 94 97 101 134 116 135 103
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.98 1.05 1.51 2.20 1.51 1.82 1.96 1.85 2.52 1.55 1.53
Price to Tangible Book Value (P/TBV)		 0.98 1.05 1.51 2.20 1.51 1.82 1.96 1.85 2.52 1.55 1.54
Price to Revenue (P/Rev)		 0.55 0.63 0.89 1.48 1.08 1.31 1.53 1.37 1.88 1.19 1.21
Price to Earnings (P/E)		 3.28 3.82 5.48 9.63 7.05 8.28 8.92 7.70 10.59 6.59 6.95
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 30.46% 26.17% 18.25% 10.39% 14.18% 12.08% 11.21% 12.98% 9.44% 15.18% 14.39%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.96 1.22 1.74 1.23 1.49 1.63 1.56 2.13 1.35 1.37
Enterprise Value to Revenue (EV/Rev)		 0.75 0.79 1.02 1.57 1.15 1.42 1.61 1.51 2.03 1.31 1.30
Enterprise Value to EBITDA (EV/EBITDA)		 3.57 3.66 5.05 8.33 6.18 6.78 7.56 6.86 9.27 5.65 5.73
Enterprise Value to EBIT (EV/EBIT)		 3.59 3.68 5.09 8.40 6.23 6.84 7.64 6.94 9.37 5.70 5.79
Enterprise Value to NOPAT (EV/NOPAT)		 4.51 4.65 6.41 10.60 7.97 8.73 9.74 8.68 11.66 7.00 7.09
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.93 15.62 7.10 10.90 6.91 11.93 47.74 443.84 0.00 106.12 29.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 250.92 19.74 20.14 51.77 34.22 38.73 53.83 31.76 39.04 43.15 28.92
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.37 0.33 0.31 0.29 0.27 0.26 0.22 0.21 0.19 0.20 0.16
Long-Term Debt to Equity		 0.33 0.32 0.30 0.29 0.27 0.26 0.22 0.21 0.19 0.20 0.16
Financial Leverage		 0.40 0.35 0.34 0.33 0.31 0.29 0.26 0.24 0.22 0.23 0.19
Leverage Ratio		 1.62 1.52 1.54 1.52 1.50 1.44 1.42 1.41 1.40 1.36 1.33
Compound Leverage Factor		 1.65 1.61 1.62 1.60 1.57 1.53 1.64 1.47 1.45 1.41 1.39
Debt to Total Capital		 27.13% 24.86% 23.38% 22.39% 21.11% 20.61% 17.80% 17.08% 15.77% 16.54% 14.12%
Short-Term Debt to Total Capital		 2.96% 1.18% 0.16% 0.14% 0.00% 0.14% 0.00% -0.11% -0.09% 0.00% 0.00%
Long-Term Debt to Total Capital		 24.17% 23.68% 23.22% 22.25% 21.11% 20.47% 17.80% 17.19% 15.86% 16.54% 14.12%
Preferred Equity to Total Capital		 0.00% 0.00% 3.16% 0.00% 0.00% 0.00% 0.00% 2.63% 2.53% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 3.26% 3.39% 2.83% 3.12% 3.14% 3.13% 3.12% 3.50% 3.56% 3.58% 3.28%
Common Equity to Total Capital		 69.62% 71.61% 70.63% 74.50% 75.74% 76.08% 79.08% 76.79% 78.14% 79.71% 82.60%
Debt to EBITDA		 1.05 0.95 0.97 1.07 1.06 0.94 0.83 0.75 0.69 0.69 0.59
Net Debt to EBITDA		 0.81 0.65 0.38 0.32 0.25 0.36 0.22 0.33 0.41 0.34 0.28
Long-Term Debt to EBITDA		 0.94 0.91 0.96 1.07 1.06 0.93 0.83 0.76 0.69 0.69 0.59
Debt to NOPAT		 1.33 1.21 1.23 1.36 1.37 1.21 1.07 0.95 0.86 0.86 0.73
Net Debt to NOPAT		 1.02 0.82 0.48 0.41 0.33 0.46 0.29 0.42 0.52 0.42 0.35
Long-Term Debt to NOPAT		 1.18 1.15 1.22 1.36 1.37 1.20 1.07 0.96 0.87 0.86 0.73
Noncontrolling Interest Sharing Ratio		 4.36% 6.72% 8.11% 3.95% 4.20% 4.41% 5.59% 5.88% 5.77% 4.35% 3.81%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -211 -175 -131 -128 -121 -150 -161 -126 -149 -218 -218
Operating Cash Flow to CapEx		 -6,527.08% 8,949.77% 9,785.39% 4,363.57% 1,163.19% -642.45% 107.96% 156.44% -535.49% 3,276.78% 9,641.94%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.19 1.16 1.12 1.04 0.99 1.01 0.96 0.97 0.98 1.01 1.01
Fixed Asset Turnover		 588.47 622.38 555.83 488.54 421.84 359.86 329.89 329.72 321.14 309.30 338.55
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,450 1,480 1,510 1,576 1,644 1,706 1,749 1,812 1,885 2,035 2,047
Invested Capital Turnover		 1.37 1.31 1.29 1.18 1.13 1.13 1.09 1.10 1.12 1.13 1.13
Increase / (Decrease) in Invested Capital		 290 233 196 206 194 226 239 236 241 329 298
Enterprise Value (EV)		 1,333 1,416 1,842 2,740 2,018 2,546 2,848 2,820 4,010 2,750 2,799
Market Capitalization		 984 1,115 1,614 2,585 1,884 2,357 2,709 2,572 3,716 2,514 2,595
Book Value per Share		 $21.92 $23.02 $23.17 $25.80 $27.44 $28.60 $30.76 $30.97 $33.11 $36.45 $38.00
Tangible Book Value per Share		 $21.90 $23.00 $23.14 $25.78 $27.42 $28.57 $30.74 $30.95 $33.08 $36.43 $37.98
Total Capital		 1,450 1,480 1,510 1,576 1,644 1,706 1,749 1,812 1,885 2,035 2,047
Total Debt		 393 368 353 353 347 352 311 310 297 337 289
Total Long-Term Debt		 350 350 351 351 347 349 311 311 299 337 289
Net Debt		 301 251 138 105 83 135 84 137 179 163 137
Capital Expenditures (CapEx)		 0.28 0.66 1.58 1.27 1.94 3.01 0.94 1.38 1.16 0.88 0.71
Net Nonoperating Expense (NNE)		 -1.51 -3.46 -3.35 -3.74 -3.63 -4.46 -12 -4.91 -3.35 -3.67 -3.78
Net Nonoperating Obligations (NNO)		 393 368 353 353 347 352 311 310 297 337 289
Total Depreciation and Amortization (D&A)		 0.59 0.65 0.75 0.83 0.86 1.10 1.13 1.25 1.25 1.26 1.41
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.58 $1.20 $1.38 $1.64 $1.58 $1.60 $1.84 $2.34 $1.99 $2.34 $1.67
Adjusted Weighted Average Basic Shares Outstanding		 46.03M 47.65M 45.51M 45.37M 45.32M 45.45M 44.93M 44.76M 44.46M 44.51M 43.93M
Adjusted Diluted Earnings per Share		 $1.57 $1.17 $1.37 $1.63 $1.56 $1.58 $1.82 $2.32 $1.98 $2.33 $1.67
Adjusted Weighted Average Diluted Shares Outstanding		 46.39M 47.99M 45.51M 45.76M 45.79M 45.92M 44.93M 45.15M 44.53M 44.84M 43.93M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 46.04M 46.03M 45.51M 45.38M 45.38M 44.97M 44.93M 44.50M 44.50M 44.50M 43.93M
Normalized Net Operating Profit after Tax (NOPAT)		 79 58 65 77 73 76 79 110 93 112 80
Normalized NOPAT Margin		 19.13% 13.21% 14.20% 16.74% 17.48% 16.65% 17.50% 19.65% 17.64% 19.65% 16.09%
Pre Tax Income Margin		 23.59% 17.85% 19.10% 22.56% 23.34% 22.34% 25.70% 24.77% 22.68% 24.33% 21.31%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.65% 0.90% 0.90% 0.99% 1.00% 0.94% 0.87% 0.79% 0.75% 0.69% 0.70%
Augmented Payout Ratio		 32.37% 33.21% 29.53% 13.75% 10.74% 15.86% 11.25% 17.40% 17.97% 12.30% 15.71%

Key Financial Trends

Green Brick Partners, Inc. (NASDAQ: GRBK) has shown consistent revenue and net income growth over the past four years through Q1 2025. The company’s financial results reflect stable operations and robust profitability supported by strong non-interest income and careful expense management.

Key Positive Trends:

  • Steady increase in total revenue from approximately $413.6 million in Q3 2022 to nearly $498.1 million in Q1 2025, highlighting growth in the company's business operations.
  • Consistent net income attributable to common shareholders increasing from $72.2 million in Q3 2023 to $75.1 million in Q1 2025, demonstrating improving profitability.
  • Strong non-interest income including significant other non-interest income (e.g., $497.6 million in Q1 2025), indicating diversified revenue sources beyond core operations.
  • Positive net operating cash flow in Q1 2025 of $68.5 million, showing solid cash generation from business operations.
  • Declining total non-interest expenses from $433.9 million in Q4 2024 down to $396.7 million in Q1 2025, reflecting improved expense discipline.
  • Growing total common equity from about $1.0 billion in early 2023 to $1.69 billion in Q1 2025, indicating strengthening shareholder equity base.
  • Diluted earnings per share increased from $1.56 in Q3 2023 to $1.67 in Q1 2025, illustrating enhanced shareholder value on a per-share basis.
  • Substantial cash and cash equivalents position of $103.0 million at the end of Q1 2025, providing liquidity for operations and investments.
  • Net Cash from financing activities negative $81.6 million in Q1 2025, primarily from debt repayments and stock repurchases, which may help reduce leverage and enhance EPS.

Neutral Factors:

  • No interest income or interest expense reported, consistent with the company's business model primarily focused on noninterest income-generating activities.
  • Nonoperating income remains positive but small relative to total revenue (e.g., $4.8 million in Q1 2025), exerting limited impact on overall profitability.
  • Weighted average diluted shares outstanding steady at approximately 43.9 million shares in Q1 2025, showing no significant dilution or buyback changes in the latest quarter.
  • Changes in operating assets and liabilities caused cash flow fluctuations, with Q1 2025 reflecting a negative adjustment of about $25.9 million impacting operating cash.

Areas of Concern / Negative Trends:

  • Net cash from continuing operating activities fluctuated significantly in past quarters, including a negative $6.2 million in Q3 2024, indicating some volatility in cash flow conversion.
  • Repurchase of common equity remains a recurring cash outflow (e.g., $16.9 million in Q1 2025), which, while supporting EPS growth, reduces cash reserves.
  • Total liabilities slightly increased from $1.65 billion in Q3 2022 to around $1.71 billion in Q1 2025; although the debt balance remains manageable, continued monitoring is advisable.
  • Free cash flow is impacted by significant investing outlays, including $11.2 million investment securities purchase in Q1 2025, which could constrain liquidity if not matched by cash inflows.
  • Operating expenses remain high, around $396.7 million in Q1 2025, which requires ongoing cost management to sustain profitability with increasing revenue pressures.

Overall, Green Brick Partners displays a stable growth trajectory with strengthening profitability and solid equity position. Investors should watch for consistent cash flow improvements and management of expenses alongside careful capital allocation to support continued shareholder returns.

08/23/25 01:44 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Green Brick Partners' Financials

When does Green Brick Partners' fiscal year end?

According to the most recent income statement we have on file, Green Brick Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Green Brick Partners' net income changed over the last 9 years?

Green Brick Partners' net income appears to be on an upward trend, with a most recent value of $417.16 million in 2024, rising from $25.55 million in 2015. The previous period was $306.68 million in 2023. See Green Brick Partners' forecast for analyst expectations on what’s next for the company.

How has Green Brick Partners' revenue changed over the last 9 years?

Over the last 9 years, Green Brick Partners' total revenue changed from $290.86 million in 2015 to $2.10 billion in 2024, a change of 623.4%.

How much debt does Green Brick Partners have?

Green Brick Partners' total liabilities were at $551.83 million at the end of 2024, a 0.6% increase from 2023, and a 440.9% increase since 2015.

How much cash does Green Brick Partners have?

In the past 9 years, Green Brick Partners' cash and equivalents has ranged from $19.48 million in 2020 to $179.76 million in 2023, and is currently $141.54 million as of their latest financial filing in 2024.

How has Green Brick Partners' book value per share changed over the last 9 years?

Over the last 9 years, Green Brick Partners' book value per share changed from 7.37 in 2015 to 36.45 in 2024, a change of 394.9%.


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This page (NASDAQ:GRBK) was last updated on 8/23/2025 by MarketBeat.com Staff
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