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 shown consistent profitability over the last several quarters through Q1 2025, with consolidated net income attributable to common shareholders growing from $64.2 million in Q1 2023 to $75.1 million in Q1 2025. Earnings per share (EPS) also increased from $1.37 to $1.67 over the same period, indicating solid earnings growth on a per-share basis.
Revenue and Income Trends:
- Total revenue has increased from approximately $456 million in Q1 2023 to nearly $498.1 million in Q1 2025, driven primarily by growth in non-interest income streams.
- Net realized and unrealized capital gains on investments improved modestly, contributing positively to overall income.
- Non-operating income remained positive and increased in Q1 2025, contributing $4.8 million, supporting net income growth.
- Despite revenue growth, operating expenses have also risen, with non-interest expenses increasing from $349.7 million in Q1 2023 to $396.7 million in Q1 2025, which may pressure operating margins.
Profitability:
- Net income and EPS have shown improvement year-over-year, indicating effective profitability management.
- Income tax expense fluctuates but remains a manageable portion of pre-tax income over the periods analyzed.
Balance Sheet and Liquidity:
- Total assets increased steadily from $1.71 billion in Q1 2023 to $2.27 billion in Q1 2025, indicating growth in the company’s scale and asset base.
- Cash and cash equivalents remain strong at $103 million in Q1 2025, supporting liquidity.
- Total liabilities grew from approximately $1.54 billion in Q1 2023 to $515 million in Q1 2025, but long-term debt remains around $289 million, suggesting leverage is stable but should be monitored.
- Redeemable noncontrolling interest and equity holders' interests are consistent with growth trends, reflecting a stable equity structure.
Cash Flow:
- Operating cash flow was positive at $68.5 million in Q1 2025, showing strong cash generation from core operations.
- Investing activities resulted in a net cash outflow of $11.96 million in Q1 2025, reflecting ongoing investments that could be growth-oriented but require funding.
- Financing activities were a net use of cash (-$81.6 million) in Q1 2025, largely due to debt repayments ($130.6 million) exceeding new debt issuance ($81.2 million) and common equity repurchases, which could reduce financial flexibility.
- Net change in cash and equivalents was negative $24.8 million in Q1 2025, a potential concern but balanced by overall liquidity on the balance sheet.
Summary:
Green Brick Partners has demonstrated steady revenue and earnings growth over the last several quarters, with positive trends in profitability and asset growth. The company maintains strong liquidity and generates positive operating cash flow, supporting operational stability.
However, rising operating expenses and consistent cash outflows in financing activities, including significant repayments of debt and stock repurchases, could pressure financial flexibility. Investors should monitor expense management and the company's debt strategy moving forward.
10/25/25 10:26 PM ETAI Generated. May Contain Errors.