Green Brick Partners Inc Financials

GRBK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 70/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Green Brick Partners Inc's revenue surged 18.1% year-over-year to $2.1B, reflecting rapid business expansion. This strong growth earns a score of 80/100.

Leverage

100

Green Brick Partners Inc carries a low D/E ratio of 0.21, meaning only $0.21 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Green Brick Partners Inc's free cash flow margin of 1.0% results in a low score of 5/100. Capital expenditures of $4.4M absorb a large share of operating cash flow.

Returns

Green Brick Partners Inc earns a strong 23.5% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 94/100. This is up from 21.9% the prior year.

Piotroski F-Score Neutral

6/9

Green Brick Partners Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.07x

For every $1 of reported earnings, Green Brick Partners Inc generates $0.07 in operating cash flow ($25.9M OCF vs $381.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Green Brick Partners Inc (GRBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$2.1B

YoY+18.1%

5Y CAGR+21.5%

10Y CAGR+23.9%

Green Brick Partners Inc generated $2.1B in revenue in fiscal year 2024. This represents an increase of 18.1% from the prior year.

EBITDA

N/A

Free Cash Flow

$21.5M

YoY-89.5%

10Y CAGR+32.9%

Green Brick Partners Inc generated $21.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 89.5% from the prior year.

Net Income

$381.6M

YoY+34.1%

5Y CAGR+45.4%

10Y CAGR+22.5%

Green Brick Partners Inc reported $381.6M in net income in fiscal year 2024. This represents an increase of 34.1% from the prior year.

EPS (Diluted)

$8.45

YoY+37.6%

5Y CAGR+48.8%

10Y CAGR+9.5%

Green Brick Partners Inc earned $8.45 per diluted share (EPS) in fiscal year 2024. This represents an increase of 37.6% from the prior year.

Cash & Debt

$141.5M

YoY-21.3%

5Y CAGR+33.6%

10Y CAGR+20.1%

Green Brick Partners Inc held $141.5M in cash against $339.9M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

44M

YoY-1.1%

5Y CAGR-2.5%

10Y CAGR+3.6%

Green Brick Partners Inc had 44M shares outstanding in fiscal year 2024. This represents a decrease of 1.1% from the prior year.

Gross Margin

33.5%

YoY+2.7pp

5Y CAGR+12.2pp

10Y CAGR+9.9pp

Green Brick Partners Inc's gross margin was 33.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.

Operating Margin

N/A

Net Margin

18.2%

YoY+2.2pp

5Y CAGR+10.8pp

10Y CAGR-2.2pp

Green Brick Partners Inc's net profit margin was 18.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.2 percentage points from the prior year.

Return on Equity

23.5%

YoY+1.6pp

5Y CAGR+12.3pp

10Y CAGR-5.6pp

Green Brick Partners Inc's ROE was 23.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$48.4M

YoY+5.8%

5Y CAGR+85.8%

Green Brick Partners Inc spent $48.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 5.8% from the prior year.

Capital Expenditures

$4.4M

YoY-44.1%

5Y CAGR+11.1%

10Y CAGR+23.7%

Green Brick Partners Inc invested $4.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 44.1% from the prior year.

GRBK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.1B+18.1%	$1.8B+1.1%	$1.8B+25.3%	$1.4B+43.7%	$976.0M+23.3%	$791.7M
Cost of Revenue	$1.4B+13.5%	$1.2B-0.4%	$1.2B+18.6%	$1.0B+40.4%	$741.4M+19.1%	$622.6M
Gross Profit	$703.5M+28.3%	$548.2M+4.8%	$523.0M+44.5%	$362.1M+54.3%	$234.6M+38.8%	$169.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$226.6M+17.4%	$193.0M+17.7%	$163.9M+22.1%	$134.3M+19.7%	$112.1M+14.7%	$97.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$0	$0	$0	$0	$0	$0
Income Tax	$94.7M+11.9%	$84.6M+2.6%	$82.5M+56.8%	$52.6M+110.3%	$25.0M+24.9%	$20.0M
Net Income	$381.6M+34.1%	$284.6M-2.5%	$291.9M+53.5%	$190.2M+67.3%	$113.7M+93.8%	$58.7M
EPS (Diluted)	$8.45+37.6%	$6.14+2.0%	$6.02+61.8%	$3.72+66.1%	$2.24+93.1%	$1.16

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$499.1M-9.1%	$549.1M+10.4%	$497.6M-12.3%	$567.3M+1.2%	$560.6M+25.3%	$447.3M-0.7%	$450.4M+7.5%	$419.0M
Cost of Revenue	$343.6M-10.0%	$381.6M+11.6%	$341.8M-8.4%	$373.3M+0.6%	$371.0M+24.0%	$299.1M-3.1%	$308.8M+10.3%	$280.0M
Gross Profit	$155.5M-7.2%	$167.5M+7.5%	$155.8M-19.7%	$194.0M+2.3%	$189.7M+27.9%	$148.3M+4.7%	$141.6M+1.9%	$139.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$58.1M-2.7%	$59.8M+8.9%	$54.9M-9.5%	$60.7M+5.3%	$57.6M+13.9%	$50.6M-0.7%	$50.9M+8.6%	$46.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$0	$0	N/A	$0	$0	N/A	N/A	N/A
Income Tax	$23.2M+1.2%	$23.0M+3.3%	$22.2M-3.0%	$22.9M-4.1%	$23.9M-3.8%	$24.8M+15.6%	$21.5M+2.4%	$21.0M
Net Income	$77.9M-5.0%	$81.9M+9.2%	$75.1M-27.7%	$103.8M-1.5%	$105.4M+26.5%	$83.3M+14.1%	$73.0M+1.2%	$72.2M
EPS (Diluted)	$1.77-4.3%	$1.85+10.8%	$1.67-28.3%	$2.33+0.4%	$2.32+27.5%	$1.82+15.2%	$1.58+1.3%	$1.56

GRBK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.2B+18.2%	$1.9B+14.9%	$1.7B+16.4%	$1.4B+43.8%	$988.8M+12.9%	$875.5M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$141.5M-21.3%	$179.8M+134.7%	$76.6M-0.7%	$77.2M+296.1%	$19.5M-41.4%	$33.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$13.9M+30.3%	$10.6M+101.1%	$5.3M-23.0%	$6.9M+31.5%	$5.2M+10.7%	$4.7M
Goodwill	$680K0.0%	$680K0.0%	$680K0.0%	$680K0.0%	$680K0.0%	$680K
Total Liabilities	$551.8M+0.6%	$548.7M+0.9%	$543.6M+6.3%	$511.3M+56.9%	$325.9M+0.1%	$325.5M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$339.9M-3.0%	$350.5M-5.8%	$371.9M+9.6%	$339.5M+54.0%	$220.5M-8.5%	$241.0M
Total Equity	$1.6B+25.0%	$1.3B+22.5%	$1.1B+21.4%	$874.5M+36.6%	$640.2M+22.4%	$523.2M
Retained Earnings	$1.3B+33.7%	$997.0M+32.2%	$754.3M+39.7%	$539.9M+54.4%	$349.7M+48.8%	$235.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.5B+7.2%	$2.3B+1.8%	$2.3B+1.0%	$2.2B+9.0%	$2.1B+4.4%	$2.0B+3.9%	$1.9B+1.9%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$142.4M+26.6%	$112.5M+9.2%	$103.0M-27.2%	$141.5M+6.2%	$133.3M-28.3%	$185.9M+3.4%	$179.8M-19.6%	$223.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$40.3M-4.1%	$42.0M+233.4%	$12.6M-9.1%	$13.9M-5.7%	$14.7M+70.4%	$8.6M-18.8%	$10.6M+6.8%	$10.0M
Goodwill	$680K0.0%	$680K0.0%	$680K0.0%	$680K0.0%	$680K0.0%	$680K0.0%	$680K0.0%	$680K
Total Liabilities	$602.4M+15.8%	$520.4M+1.0%	$515.3M-6.6%	$551.8M-1.8%	$561.8M+4.3%	$538.7M-1.8%	$548.7M-3.7%	$569.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$339.9M	N/A	N/A	$350.5M	N/A
Total Equity	$1.8B+4.6%	$1.7B+2.0%	$1.7B+4.0%	$1.6B+12.9%	$1.4B+4.0%	$1.4B+6.4%	$1.3B+4.5%	$1.2B
Retained Earnings	$1.5B+5.4%	$1.4B+1.9%	$1.4B+5.6%	$1.3B+14.7%	$1.2B+7.6%	$1.1B+8.3%	$997.0M+6.0%	$940.4M

GRBK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$25.9M-87.9%	$213.3M+135.3%	$90.7M+198.2%	-$92.4M-362.9%	$35.1M+259.3%	-$22.1M
Capital Expenditures	$4.4M-44.1%	$7.8M+287.8%	$2.0M-0.6%	$2.0M-30.2%	$2.9M+12.6%	$2.6M
Free Cash Flow	$21.5M-89.5%	$205.5M+131.8%	$88.7M+193.9%	-$94.4M-392.9%	$32.2M+230.9%	-$24.6M
Investing Cash Flow	$27.8M+308.5%	-$13.3M-106.1%	-$6.5M-218.6%	-$2.0M+84.8%	-$13.3M-69.2%	-$7.9M
Financing Cash Flow	-$93.5M+0.3%	-$93.8M-11.0%	-$84.5M-154.7%	$154.3M+697.0%	-$25.9M-200.0%	$25.9M
Dividends Paid	$2.9M0.0%	$2.9M+2.2%	$2.8M	$0	$0	N/A
Share Buybacks	$48.4M+5.8%	$45.8M-54.9%	$101.5M	$0	$0-100.0%	$2.2M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$10.2M-113.6%	$74.7M+8.7%	$68.7M+137.6%	$28.9M+1238.3%	$2.2M+112.6%	$1.0M+105.3%	-$19.4M-185.9%	$22.5M
Capital Expenditures	$1.8M+165.5%	$687K-3.6%	$713K-19.3%	$883K-36.1%	$1.4M+46.7%	$942K-68.7%	$3.0M+55.5%	$1.9M
Free Cash Flow	-$12.0M-116.2%	$74.0M+8.8%	$68.0M+142.5%	$28.1M+3496.3%	$780K+940.0%	$75K+100.3%	-$22.4M-208.6%	$20.6M
Investing Cash Flow	-$7.3M+46.5%	-$13.6M-14.0%	-$12.0M-75.8%	-$6.8M-114.2%	-$3.2M-105.2%	$61.3M+1930.5%	-$3.4M-54.6%	-$2.2M
Financing Cash Flow	$47.1M+194.0%	-$50.1M+38.6%	-$81.6M-348.0%	$32.9M+164.1%	-$51.3M-0.1%	-$51.3M-113.8%	-$24.0M-343.9%	-$5.4M
Dividends Paid	$719K0.0%	$719K0.0%	$719K0.0%	$719K0.0%	$719K0.0%	$719K0.0%	$719K+0.1%	$718K
Share Buybacks	$0-100.0%	$43.8M+159.0%	$16.9M+4205.1%	$393K-99.0%	$38.8M+933.3%	$3.8M-78.9%	$17.8M	$0

GRBK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	33.5%+2.7pp	30.8%+1.1pp	29.8%+3.9pp	25.8%+1.8pp	24.0%+2.7pp	21.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	18.2%+2.2pp	16.0%-0.6pp	16.6%+3.0pp	13.6%+1.9pp	11.7%+4.2pp	7.4%
Return on Equity	23.5%+1.6pp	21.9%-5.6pp	27.5%+5.7pp	21.8%+4.0pp	17.8%+6.6pp	11.2%
Return on Assets	17.0%+2.0pp	15.0%-2.7pp	17.6%+4.3pp	13.4%+1.9pp	11.5%+4.8pp	6.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.21-0.1	0.27-0.1	0.35-0.0	0.39+0.0	0.34-0.1	0.46
FCF Margin	1.0%-10.5pp	11.6%+6.5pp	5.0%+11.8pp	-6.7%-10.0pp	3.3%+6.4pp	-3.1%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	31.1%+0.7pp	30.5%-0.8pp	31.3%-2.9pp	34.2%+0.4pp	33.8%+0.7pp	33.1%+1.7pp	31.4%-1.7pp	33.2%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	15.6%+0.7pp	14.9%-0.2pp	15.1%-3.2pp	18.3%-0.5pp	18.8%+0.2pp	18.6%+2.4pp	16.2%-1.0pp	17.2%
Return on Equity	4.3%-0.4pp	4.8%+0.3pp	4.4%-1.9pp	6.4%-0.9pp	7.3%+1.3pp	6.0%+0.4pp	5.6%-0.2pp	5.8%
Return on Assets	3.1%-0.4pp	3.5%+0.2pp	3.3%-1.3pp	4.6%-0.5pp	5.1%+0.9pp	4.2%+0.4pp	3.8%-0.0pp	3.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.33+0.0	0.300.0	0.30+0.1	0.21-0.2	0.390.0	0.39+0.1	0.27-0.2	0.46
FCF Margin	-2.4%-15.9pp	13.5%-0.2pp	13.7%+8.7pp	4.9%+4.8pp	0.1%+0.1pp	0.0%+5.0pp	-5.0%-9.9pp	4.9%

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Frequently Asked Questions

What is Green Brick Partners Inc's annual revenue?

Green Brick Partners Inc (GRBK) reported $2.1B in total revenue for fiscal year 2024. This represents a 18.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Green Brick Partners Inc's revenue growing?

Green Brick Partners Inc (GRBK) revenue grew by 18.1% year-over-year, from $1.8B to $2.1B in fiscal year 2024.

Is Green Brick Partners Inc profitable?

Yes, Green Brick Partners Inc (GRBK) reported a net income of $381.6M in fiscal year 2024, with a net profit margin of 18.2%.

What is Green Brick Partners Inc's earnings per share (EPS)?

Green Brick Partners Inc (GRBK) reported diluted earnings per share of $8.45 for fiscal year 2024. This represents a 37.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Green Brick Partners Inc have?

As of fiscal year 2024, Green Brick Partners Inc (GRBK) had $141.5M in cash and equivalents against $339.9M in long-term debt.

What is Green Brick Partners Inc's gross margin?

Green Brick Partners Inc (GRBK) had a gross margin of 33.5% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Green Brick Partners Inc's net profit margin?

Green Brick Partners Inc (GRBK) had a net profit margin of 18.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Green Brick Partners Inc's return on equity (ROE)?

Green Brick Partners Inc (GRBK) has a return on equity of 23.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Green Brick Partners Inc's free cash flow?

Green Brick Partners Inc (GRBK) generated $21.5M in free cash flow during fiscal year 2024. This represents a -89.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Green Brick Partners Inc's operating cash flow?

Green Brick Partners Inc (GRBK) generated $25.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Green Brick Partners Inc's total assets?

Green Brick Partners Inc (GRBK) had $2.2B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Green Brick Partners Inc's capital expenditures?

Green Brick Partners Inc (GRBK) invested $4.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Green Brick Partners Inc buy back shares?

Yes, Green Brick Partners Inc (GRBK) spent $48.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Green Brick Partners Inc have outstanding?

Green Brick Partners Inc (GRBK) had 44M shares outstanding as of fiscal year 2024.

What is Green Brick Partners Inc's debt-to-equity ratio?

Green Brick Partners Inc (GRBK) had a debt-to-equity ratio of 0.21 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Green Brick Partners Inc's return on assets (ROA)?

Green Brick Partners Inc (GRBK) had a return on assets of 17.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Green Brick Partners Inc's Piotroski F-Score?

Green Brick Partners Inc (GRBK) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Green Brick Partners Inc's earnings high quality?

Green Brick Partners Inc (GRBK) has an earnings quality ratio of 0.07x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Green Brick Partners Inc?

Green Brick Partners Inc (GRBK) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.