Green Brick Partners (GRBK) Financials

$73.66 -1.59 (-2.11%)

Closing price 03:59 PM Eastern

Extended Trading

$73.60 -0.06 (-0.08%)

As of 04:57 PM Eastern

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.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	15	24	15	52	59	114	190	292	285	382
Consolidated Net Income / (Loss)	26	35	25	65	64	118	204	314	307	417
Net Income / (Loss) Continuing Operations	26	35	25	65	64	118	204	314	307	417
Total Pre-Tax Income	35	51	64	82	84	143	257	396	391	512
Total Revenue	291	391	458	624	792	976	1,403	1,783	1,794	2,104
Net Interest Income / (Expense)	-0.28	0.00	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	0.00	0.00
Total Interest Expense	0.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	291	391	458	624	792	976	1,403	1,783	1,794	2,104
Net Realized & Unrealized Capital Gains on Investments	-	-	-	-	-	-	-	26	17	5.08
Other Non-Interest Income	291	391	458	624	792	976	1,403	1,758	1,778	2,099
Total Non-Interest Expense	259	342	398	551	725	854	1,175	1,399	1,423	1,622
Other Operating Expenses	243	342	398	549	720	854	1,175	1,399	1,423	1,622
Nonoperating Income / (Expense), net	2.72	1.42	4.22	9.20	18	21	29	12	19	30
Income Tax Expense	9.17	15	39	17	20	25	53	82	85	95
Net Income / (Loss) Attributable to Noncontrolling Interest	10	11	10	13	5.65	4.10	14	22	22	36
Basic Earnings per Share	$0.38	$0.49	$0.30	$1.02	$1.16	$2.25	$3.75	$6.07	$6.20	$8.51
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
Diluted Earnings per Share	$0.38	$0.49	$0.30	$1.02	$1.16	$2.24	$3.72	$6.02	$6.14	$8.45
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
Weighted Average Basic & Diluted Shares Outstanding	40.30M	48.50M	49.90M	50.60M	50.49M	50.66M	50.76M	46.03M	44.97M	44.50M

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
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 a generally positive financial performance trend over the past four years through Q1 2025, with some fluctuations in cash flow and equity management activities. Here is an analysis highlighting key trends and factors that may impact investors:

Consistent Net Income Growth: The company shows steady net income growth. For example, net income attributable to common shareholders rose from approximately $64.2 million in Q1 2023 to $75.1 million in Q1 2025, reflecting rising profitability.
Strong Earnings Per Share (EPS) Progression: Diluted EPS increased from $1.37 in Q1 2023 to $1.67 in Q1 2025, indicating improving returns on a per-share basis amidst a stable number of shares outstanding.
Robust Total Revenue Increase: Total revenue grew from about $456 million in Q1 2023 to nearly $498 million in Q1 2025, driven mainly by non-interest income components.
Solid Operating Cash Flow: Net cash from continuing operating activities improved significantly from a low in prior quarters to approximately $68.5 million in Q1 2025, supporting operational strength.
Manageable Long-Term Debt Levels: Long-term debt remained relatively stable, around $289 million in Q1 2025 compared to $351 million in Q1 2023, demonstrating disciplined debt management.
Capital Expenditures and Investment Activity: The company continues capital expenditures and investment purchases, averaging around $0.7 million to $3 million quarterly, which could support growth but also impact free cash flow.
Share Repurchases and Dividend Payments: Ongoing share repurchases and consistent dividend payments (around $0.7 million per quarter) reflect a strategy to return value to shareholders balanced against maintaining sufficient liquidity.
Fluctuating Cash Flow from Investing Activities: Cash used for investing activities has varied, sometimes showing moderate outflows (e.g., -$11.9 million in Q1 2025), which could pressure cash reserves if not offset by financing or operations.
Negative or Volatile Changes in Operating Assets and Liabilities: Certain quarters have shown significant negative changes in operating capital (e.g., -$25.9 million in Q1 2025), which may impact short-term liquidity and cash flow consistency.
Declines in Cash and Equivalents at Certain Periods: Despite quarterly ups and downs, the company's cash and equivalents have declined from $177 million in Q1 2023 to about $103 million in Q1 2025, possibly signaling tighter liquidity over time.

Overall, Green Brick Partners has maintained profitability and expanded revenue steadily, with growing EPS and controlled debt levels. The company’s operational cash generation is robust but somewhat offset by investment outflows and share repurchases. Monitoring cash reserves and operating capital changes will be important for investors, although the underlying earnings growth and shareholder return efforts are positive signals.

09/12/25 11:16 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Green Brick Partners' Financials

When does Green Brick Partners' fiscal year end?

According to the most recent income statement we have on file, Green Brick Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Green Brick Partners' net income changed over the last 9 years?

Green Brick Partners' net income appears to be on an upward trend, with a most recent value of $417.16 million in 2024, rising from $25.55 million in 2015. The previous period was $306.68 million in 2023. View Green Brick Partners' forecast to see where analysts expect Green Brick Partners to go next.

How has Green Brick Partners' revenue changed over the last 9 years?

Over the last 9 years, Green Brick Partners' total revenue changed from $290.86 million in 2015 to $2.10 billion in 2024, a change of 623.4%.

How much debt does Green Brick Partners have?

Green Brick Partners' total liabilities were at $551.83 million at the end of 2024, a 0.6% increase from 2023, and a 440.9% increase since 2015.

How much cash does Green Brick Partners have?

In the past 9 years, Green Brick Partners' cash and equivalents has ranged from $19.48 million in 2020 to $179.76 million in 2023, and is currently $141.54 million as of their latest financial filing in 2024.

How has Green Brick Partners' book value per share changed over the last 9 years?

Over the last 9 years, Green Brick Partners' book value per share changed from 7.37 in 2015 to 36.45 in 2024, a change of 394.9%.

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This page (NASDAQ:GRBK) was last updated on 9/12/2025 by MarketBeat.com Staff

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Green Brick Partners (GRBK) Financials

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Green Brick Partners (GRBK) Financials

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