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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 (NASDAQ:GRBK) has demonstrated consistent profitability and steady growth over the past four years through Q1 2025, as reflected in its financial statements. Here is an analysis of key financial trends and data points extracted from their quarterly Income Statements, Cash Flow Statements, and Balance Sheets:
- Consistent Net Income Growth: Net income attributable to common shareholders has increased from approximately $64.2 million in Q1 2023 to $75.1 million in Q1 2025, showing solid earnings improvement over this period.
- Revenue Expansion: Total revenue has grown steadily from about $456 million in Q1 2023 to nearly $498 million in Q1 2025, indicating strengthening business operations and market demand.
- Strong Operating Cash Flows: Operating cash flows remained positive in most quarters, with $68.5 million generated in Q1 2025, supporting operational sustainability and strategic investments.
- Improved Earnings Per Share (EPS): Basic and diluted EPS rose from $1.38 in Q1 2023 to $1.67 in Q1 2025, reflecting efficient share management and profitability growth.
- Increasing Total Equity Base: Total equity including noncontrolling interests increased from around $1.03 billion in Q1 2023 to over $1.71 billion in Q1 2025, signifying strengthening shareholder value and capital position.
- Stable Interest Income and Expense: Green Brick Partners reported zero interest income and expense consistently, indicating minimal reliance on interest-sensitive activities.
- Significant Other Non-Interest Income: Other non-interest income, largely constituting non-operating revenue streams, contributed approximately $498 million in Q1 2025, remaining a vital revenue pillar.
- Capital Gains Variability: Net realized and unrealized capital gains fluctuated across quarters, highlighting moderate investment portfolio volatility, e.g., $473,000 gain in Q1 2025 vs $547,7000 in Q4 2022.
- Share Count Fluctuations: Weighted average shares outstanding varied slightly, impacting EPS comparability but aligning with share repurchase activities observed in financing cash flows.
- Growing Operating Expenses: Other operating expenses increased from $373 million in Q1 2023 to nearly $397 million in Q1 2025, which may pressure margins if revenue growth slows.
- Negative Net Cash Flows From Financing Activities Recent Trend: The company showed significant net outflows in financing activities recently, e.g., -$81.6 million in Q1 2025, mainly due to debt repayment and equity repurchases, which could affect liquidity if continued aggressively.
- Increasing Long-Term Debt and Liabilities: Long-term debt remained elevated at approximately $289 million in Q1 2025, with other long-term liabilities also rising, contributing to total liabilities of $515 million, up from $549 million in Q1 2023, possibly indicating leveraging risk.
- Declining Cash and Cash Equivalents in Q1 2025: Cash on hand fell to about $103 million in Q1 2025 from $185 million in Q1 2024, along with negative net change in cash in Q1 2025, potentially signaling tighter liquidity.
Summary: Green Brick Partners has achieved consistent revenue and net income growth over the last several years, supported by robust operating cash flow and equity growth. However, rising operating expenses and net cash outflows for financing, including debt repayments and share repurchases, could present liquidity challenges if not balanced by increased operational earnings or financing. Investors should monitor the company’s expense management, debt levels, and cash reserves in upcoming quarters.
10/04/25 02:09 PM ETAI Generated. May Contain Errors.