Green Brick Partners, Inc. GRBK
Green Brick Partners, Inc. and its subsidiaries ("Green Brick", "the Company", "we" or "us") is a diversified homebuilding and land development company. We acquire and develop land and build homes through our seven brands of builders in three major markets. Our core markets are in the high growth U.S. metropolitan areas of Dallas-Fort Worth ("DFW"), Austin, and Houston, Texas, and Atlanta, Georgia, as well as the Treasure Coast, Florida area. We handle every stage of homebuilding, from acquiring and developing land, securing entitlements, designing homes, constructing properties, to providing title, mortgage, and insurance agency services. We also manage marketing and sales, and the creation of master planned communities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.04B | $2.06B | $1.75B | $1.76B | $1.40B | $976.0M | $791.7M | $623.6M | $458.2M | $391.0M |
| Cost of revenue | $1.40B | $1.36B | $1.20B | $1.23B | $1.04B | $741.4M | $622.6M | $469.4M | $339.8M | $303.2M |
| Gross profit | $640.8M | $703.5M | $548.2M | $523.0M | $362.1M | $234.6M | $169.1M | $154.2M | $118.5M | $87.8M |
| SG&A | $231.4M | $226.6M | $193.0M | $163.9M | $134.3M | $112.1M | $97.8M | $80.0M | $58.4M | $38.6M |
| Operating income | — | — | — | — | — | — | — | $71.8M | $60.0M | $49.1M |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Pre-tax income | $438.2M | $511.9M | $391.3M | $396.5M | $257.0M | $142.8M | $84.3M | $81.7M | $64.2M | $50.6M |
| Income tax | $94.7M | $94.7M | $84.6M | $82.5M | $52.6M | $25.0M | $20.0M | $17.1M | $39.0M | $15.4M |
| Net income | $343.5M | $417.2M | $306.7M | $314.0M | $204.4M | $113.7M | $58.7M | $51.6M | $15.0M | $23.8M |
| EPS, basic | 7.09 | 8.51 | 6.20 | 6.07 | 3.75 | 2.25 | 1.16 | 1.02 | 0.30 | 0.49 |
| EPS, diluted | 7.07 | 8.45 | 6.14 | 6.02 | 3.72 | 2.24 | 1.16 | 1.02 | 0.30 | 0.49 |
| Shares, diluted (wtd. avg.) | 43.9M | 44.8M | 45.9M | 48.0M | 51.1M | 50.8M | 50.6M | 50.8M | 49.7M | 48.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $191.0M | $159.7M | $199.5M | $93.3M | $93.6M | $33.6M | $37.7M | $41.8M | $40.3M | $39.6M |
| Property, plant and equipment | $6.3M | $6.6M | $7.1M | $2.9M | $2.8M | $3.6M | $4.3M | $4.7M | $804.0K | $892.0K |
| Goodwill | $680.0K | $680.0K | $680.0K | $680.0K | $680.0K | $680.0K | $680.0K | $680.0K | $700.0K | — |
| Other intangibles | $197.0K | $282.0K | $367.0K | $452.0K | $537.0K | $622.0K | $707.0K | $856.0K | $0 | — |
| Total assets | $2.53B | $2.25B | $1.90B | $1.66B | $1.42B | $988.8M | $875.5M | $784.0M | $611.0M | $541.0M |
| Long-term debt | $323.3M | $339.9M | $350.5M | $371.9M | $339.5M | $220.5M | $241.0M | — | $116.9M | $85.9M |
| Total liabilities | $601.8M | $551.8M | $548.7M | $543.6M | $511.3M | $325.9M | $325.5M | $289.9M | $178.0M | $139.5M |
| Retained earnings | $1.57B | $1.33B | $997.0M | $754.3M | $539.9M | $349.7M | $235.0M | $177.5M | $125.9M | $110.9M |
| Total equity | $1.86B | $1.63B | $1.30B | $1.06B | $888.7M | $649.4M | $536.4M | $468.4M | $416.3M | $384.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $213.2M | $25.9M | $213.3M | $90.7M | -$92.4M | $35.1M | -$22.1M | -$39.5M | -$18.0M | -$4.9M |
| Depreciation and amortisation | $5.1M | $4.9M | $3.5M | $2.4M | $2.7M | $3.7M | $3.1M | $2.9M | $325.0K | $286.0K |
| Stock-based compensation | $12.3M | $8.4M | $6.8M | $3.5M | $3.1M | $2.1M | $2.2M | $1.8M | $2.6M | $1.3M |
| Capital expenditure | $4.8M | $4.4M | $7.8M | $2.0M | $2.0M | $2.9M | $2.6M | $3.2M | $149.0K | $458.0K |
| Investing cash flow | -$43.6M | $27.8M | -$13.3M | -$6.5M | -$2.0M | -$13.3M | -$7.9M | -$30.8M | -$435.0K | -$458.0K |
| Financing cash flow | -$138.4M | -$93.5M | -$93.8M | -$84.5M | $154.3M | -$25.9M | $25.9M | $71.8M | $19.1M | $21.1M |
| Dividends paid | $2.9M | $2.9M | $2.9M | $2.8M | $0 | $0 | — | — | — | — |
| Buybacks | $83.8M | $48.4M | $45.8M | $101.5M | $0 | $0 | $2.2M | $981.0K | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-037542.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $391.0M | $458.2M | $623.6M | $791.7M | $976.0M | $1.40B | $1.76B | $1.75B | $2.06B | $2.04B |
| Gross profit | $87.8M | $118.5M | $154.2M | $169.1M | $234.6M | $362.1M | $523.0M | $548.2M | $703.5M | $640.8M |
| Net income | $23.8M | $15.0M | $51.6M | $58.7M | $113.7M | $204.4M | $314.0M | $306.7M | $417.2M | $343.5M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 1531
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| DHI | HORTON D R INC /DE/ | $41.25B | 12.7x | -6.9% |
| PHM | PULTEGROUP INC/MI/ | $22.72B | 10.9x | -3.5% |
| NVR | NVR INC | $15.95B | 13.7x | -1.9% |
| TOL | Toll Brothers, Inc. | $12.89B | 10.4x | 1.1% |
| ECG | Everus Construction Group, Inc. | $4.85B | 24.0x | 31.5% |
| MTH | Meritage Homes CORP | $4.18B | 10.1x | — |
| MHO | M/I HOMES, INC. | $3.13B | 8.4x | -1.9% |
| KBH | KB HOME | $2.88B | 7.7x | -10.0% |