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GRBK

Green Brick Partners, Inc.

GRBK

Green Brick Partners, Inc. • NYSE
$67.88 ▼ -0.54% (-0.37)
Market Cap $2.96 B
52w High $77.93
52w Low $50.57
Dividend Yield 0%
P/E 8.91
Volume 97.06K
Outstanding Shares 43.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $499.091M ▼ $58.14M ▼ $77.853M ▼ 15.599% ▲ $1.77 ▼ $98.794M ▼
Q2-2025 $549.147M ▲ $59.772M ▲ $81.948M ▲ 14.923% ▼ $1.86 ▲ $108.824M ▲
Q1-2025 $497.621M ▼ $54.895M ▼ $75.059M ▼ 15.084% ▼ $1.67 ▼ $102.295M ▼
Q4-2024 $567.314M ▲ $60.654M ▲ $103.813M ▲ 18.299% ▲ $2.32 ▲ $134.636M ▲
Q3-2024 $523.66M $57.74M $89.111M 17.017% $1.99 $115.072M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $142.426M ▲ $2.481B ▲ $602.439M ▲ $1.804B ▲
Q2-2025 $112.459M ▲ $2.315B ▲ $520.367M ▲ $1.725B ▲
Q1-2025 $103.003M ▼ $2.273B ▲ $515.259M ▼ $1.691B ▲
Q4-2024 $141.543M ▲ $2.25B ▲ $551.831M ▼ $1.625B ▲
Q3-2024 $80.069M $2.172B $584.187M $1.521B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $83.409M ▼ $-10.193M ▼ $-7.301M ▲ $47.145M ▲ $29.651M ▲ $-12.017M ▼
Q2-2025 $89.331M ▲ $74.713M ▲ $-13.639M ▼ $-50.137M ▲ $10.937M ▲ $74.026M ▲
Q1-2025 $83.925M ▼ $68.747M ▲ $-11.961M ▼ $-81.626M ▼ $-24.84M ▼ $68.034M ▲
Q4-2024 $115.185M ▲ $28.934M ▲ $-6.802M ▲ $32.916M ▲ $55.048M ▲ $28.051M ▲
Q3-2024 $95.898M $-6.201M $-23.508M $-23.819M $-53.528M $-7.359M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Residential Real Estate
Residential Real Estate
 $560.00M ▲$500.00M ▼$550.00M ▲$500.00M ▼
Real Estate Other
Real Estate Other
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Green Brick has grown meaningfully over the last five years, roughly doubling its sales while also improving profitability. Margins have widened, which suggests good cost control and pricing power in its markets. Earnings have risen faster than revenue, indicating operating leverage as the company scales. Profitability has also held up even as the housing market moved through different demand and interest‑rate conditions, which points to a relatively disciplined business model rather than a one‑off windfall year.

Balance Sheet

Balance Sheet The balance sheet looks solid and conservative for a land‑owning homebuilder. Assets have grown steadily as the company has invested in land and communities, but shareholders’ equity has expanded faster than debt, which reduces financial risk. Debt levels have stayed fairly stable relative to the size of the business, and cash on hand is noticeably higher than several years ago, though still modest compared with total assets. Overall, the company appears to be funding growth largely through retained earnings rather than heavy borrowing.

Cash Flow

Cash Flow Cash generation has been more uneven than earnings, which is typical for a builder that must invest heavily in land and inventory. Some years show strong positive cash flow, while others reflect cash being tied up in new projects. Recently, cash flow from operations has been positive but much thinner than reported profits, implying ongoing reinvestment in future communities. Capital spending on equipment and fixed assets is light, so free cash flow mostly tracks working‑capital swings rather than big construction of plants or machinery.

Competitive Edge

Competitive Edge Green Brick’s position rests on three main pillars: owning and developing much of its own land, running a vertically integrated model, and focusing on land‑constrained, high‑demand submarkets. Controlling land and lot development helps support strong margins and gives more flexibility on timing versus builders that rely on third‑party developers. Its “house of brands” approach covers entry‑level, move‑up, and luxury buyers across Texas, Georgia, and Florida, which spreads demand across segments and price points. Offering in‑house mortgage, title, and insurance also deepens customer relationships and adds additional profit streams, though it does increase operational complexity. The main structural risks are exposure to a few fast‑growing but concentrated regions and reliance on a land‑heavy strategy in a cyclical industry.

Innovation and R&D

Innovation and R&D Innovation here is more about design, process, and customer experience than about formal research spending. Green Brick stands out by standardizing energy‑efficient features and smart‑home technology across many of its homes, rather than treating them as niche upgrades. Its brands incorporate efficient building envelopes, modern HVAC systems, and connected‑home controls as regular offerings, which can appeal to both cost‑conscious and tech‑oriented buyers. The company is also pushing forward on integrated financial services and digital design tools, which can increase convenience and loyalty. However, it is not a technology leader in the sense of owning unique patents or groundbreaking building methods; its edge is consistent execution of widely available technologies and sustainable practices at scale.

Summary

Overall, Green Brick shows a profile of a growing homebuilder with above‑average profitability, a comparatively conservative balance sheet, and a clear strategic focus on select high‑growth housing markets. Earnings quality appears strong, but cash flow is inherently lumpy because of the need to invest in land and lots. Its vertically integrated, land‑owning model and emphasis on energy‑efficient, smart homes support a meaningful competitive edge, while a diverse brand portfolio helps reach multiple buyer segments. Key ongoing uncertainties include the usual housing‑cycle risks, interest‑rate sensitivity, land cost and availability, and regional concentration, all of which can influence how durable its recent performance proves to be.

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