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 solid financial performance and stability over the past several quarters up through Q1 2025, with trends indicating overall revenue growth, controlled expenses, and strong net income generation.
Income Statement Highlights:
- Total revenue increased from approximately $455.9 million in Q4 2023 to $498.1 million in Q1 2025, showing a steady upward trajectory.
- Net income attributable to common shareholders rose significantly to $75.1 million in Q1 2025, compared to $73.0 million in Q4 2023, indicating improved profitability.
- Basic and diluted earnings per share increased to $1.67 in Q1 2025 from $1.60 and $1.58 respectively in Q4 2023, reflecting earnings growth per share.
- Net interest income remains zero across all periods, consistent with the company's business model focused on homebuilding and real estate rather than lending.
- Non-interest income, primarily driven by other non-interest income, steadily increased quarterly, aiding revenue growth (e.g., from $450.4M in Q4 2023 to $497.6M in Q1 2025).
- Operating expenses also rose from $359.7 million in Q4 2023 to $396.7 million in Q1 2025, which could pressure margins if not carefully managed.
- Nonoperating income has generally increased, enhancing pre-tax income and contributing positively to bottom-line results.
Cash Flow Highlights:
- Net cash from operating activities improved markedly to $68.5 million in Q1 2025 from a negative $19.4 million in Q4 2023, indicating stronger operational cash generation.
- Significant net cash outflows from investing activities, notably $11.9 million in Q1 2025 and prior quarters, reflect ongoing investments in property, equipment, and securities.
- Negative net cash flows from financing activities ($81.6 million in Q1 2025) driven by debt repayments and equity repurchases, likely indicating capital restructuring or shareholder return strategies.
- Net change in cash & equivalents was negative $24.8 million in Q1 2025 after a positive $55 million inflow in Q4 2024, suggesting fluctuating liquidity needs.
Balance Sheet Highlights:
- Total assets increased steadily from about $1.66 billion in Q3 2022 to $2.27 billion by Q1 2025, reflecting asset growth and business expansion.
- Total common equity grew from $1.24 billion in Q3 2022 to $1.69 billion in Q1 2025, indicating strengthening shareholder equity.
- Long-term debt levels remained relatively stable around $289 million to $350 million range, with some fluctuations but no major spikes.
- Cash and cash equivalents showed variability but remained strong, supporting liquidity and operational flexibility.
- The company maintains redeemable noncontrolling interest and other liabilities at manageable levels with no material changes over recent quarters.
Overall Analysis: Green Brick Partners has shown consistent revenue and earnings growth through Q1 2025, boosting shareholder value via higher net income and EPS. The company’s ability to generate positive operating cash flows recently marks an improvement in its core operations. While investing activities and financing repayments have led to cash outflows, these appear part of strategic capital management. The balance sheet shows asset and equity growth supporting ongoing business expansion. Operating expenses are increasing, so monitoring margin impact will be important moving forward.
Retail investors can view Green Brick Partners as a stable growth company in the homebuilding sector with improving operational cash flow and solid equity growth, balanced against ongoing capital expenditures and debt management efforts.
08/03/25 06:21 AMAI Generated. May Contain Errors.