A Business at a Glance
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Green Brick Partners, Inc.
GRBK
$3.2B
Mkt Cap
$72.48
+2.14%
Green Brick Partners, Inc. (GRBK) has a current P/E ratio of 10.3, compared to its historical median P/E of 8.8. The stock is currently considered Fair based on its historical valuation range.
Green Brick Partners, Inc. (GRBK) has a 5-year average return on invested capital (ROIC) of 20.4%. This indicates strong capital allocation and a potential competitive advantage.
Green Brick Partners, Inc. (GRBK) has a market capitalization of $3.2B. It is classified as a mid-cap stock.
Yes, Green Brick Partners, Inc. (GRBK) pays a dividend with a trailing twelve-month yield of 0.09%. The company also returns capital through share buybacks, with a buyback yield of 2.63%.
Based on historical P/E analysis, Green Brick Partners, Inc. (GRBK) appears fair. The current P/E of 10.3 is 17% above its historical median of 8.8. The estimated fair value CAGR (P/E method) is 37.4%.
Green Brick Partners, Inc. (GRBK) operates in the Operative Builders industry, within the Industrials sector.
TABLE OF CONTENTS PART I Green Brick Partners, Inc. and its subsidiaries (“Green Brick”, “the Company”, “we” or “us”) is a diversified homebuilding and land development company. We acquire and develop land and build homes through our seven brands of builders in three major markets. Our core markets are in the high growth U.S. metropolitan areas of Dallas-Fort Worth (“DFW”), Austin, and Houston, Texas, and Atlanta, Georgia, as well as the Treasure Coast, Florida area. We handle every stage of homebuilding, from acquiring and developing land, securing entitlements, designing homes, constructing properties, to providing title, mortgage, and insurance agency services. We also manage marketing and sales, and the creation of master planned communities. We believe we offer higher quality homes with more distinctive designs and floor plans than those built by our competitors at comparable prices.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.1B | 2.1B | 2.1B | 1.8B | 1.8B | 1.4B |
| Net Income | 310M | 310M | 379M | 282M | 289M | 190M |
| EPS | $7.07 | $7.07 | $8.45 | $6.14 | $6.02 | $3.72 |
| Free Cash Flow | 208M | 208M | 22M | 206M | 89M | -94M |
| ROIC | 15.3% | 16.4% | 23.2% | 20.1% | 23.6% | 18.8% |
| Gross Margin | 30.5% | 30.5% | 33.5% | 30.8% | 29.8% | 25.8% |
| Debt/Equity | 0.19 | 0.19 | 0.23 | 0.30 | 0.38 | 0.39 |
| Dividends/Share | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.00 |
| Operating Income | 405M | 405M | 473M | 366M | 371M | 243M |
| Operating Margin | 19.3% | 19.3% | 22.6% | 20.6% | 21.1% | 17.3% |
| ROE | 16.7% | 17.8% | 25.9% | 23.9% | 29.9% | 25.1% |
| Shares Outstanding | 44M | 44M | 45M | 46M | 48M | 51M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 246M | 291M | 391M | 458M | 624M | 792M | 976M | 1.4B | 1.8B | 1.8B | 2.1B | 2.1B | 2.1B |
| Gross Margin | 23.7% | 21.4% | 22.4% | 25.9% | 24.7% | 21.4% | 24.0% | 25.8% | 29.8% | 30.8% | 33.5% | 30.5% | 30.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 9.8M | 14M | 39M | 58M | 80M | 98M | 112M | 134M | 164M | 193M | 227M | 231M | 231M |
| EBIT | 36M | 32M | 49M | 60M | 72M | 79M | 139M | 243M | 371M | 366M | 473M | 405M | 405M |
| Op. Margin | 14.5% | 11.1% | 12.6% | 13.1% | 11.5% | 9.9% | 14.2% | 17.3% | 21.1% | 20.6% | 22.6% | 19.3% | 19.3% |
| Net Income | 50M | 15M | 24M | 15M | 52M | 59M | 114M | 190M | 289M | 282M | 379M | 310M | 310M |
| Net Margin | 20.3% | 5.3% | 6.1% | 3.3% | 8.3% | 7.4% | 11.6% | 13.6% | 16.4% | 15.8% | 18.0% | 14.8% | 14.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 100K | 90K | -36K | -150K | 6.4M | 5.8M | 3.6M | -7K | -7K |
| Returns on Capital | |||||||||||||
| ROIC | 13.6% | 6.6% | 7.5% | 6.5% | 9.3% | 7.9% | 12.5% | 18.8% | 23.6% | 20.1% | 23.2% | 16.4% | 15.3% |
| ROE | 27.7% | 5.8% | 6.4% | 3.7% | 11.7% | 11.8% | 19.5% | 25.1% | 29.9% | 23.9% | 25.9% | 17.8% | 16.7% |
| ROA | 15.0% | 3.5% | 4.7% | 2.6% | 7.4% | 7.1% | 12.2% | 15.8% | 18.8% | 15.8% | 18.2% | 13.0% | 12.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.8M | -45M | -4.9M | -18M | -39M | -22M | 35M | -92M | 91M | 213M | 26M | 213M | 213M |
| Free Cash Flow | 1.2M | -46M | -5.3M | -18M | -43M | -25M | 32M | -94M | 89M | 206M | 22M | 208M | 208M |
| Owner Earnings | 1.4M | -47M | -6.4M | -21M | -44M | -27M | 29M | -98M | 85M | 203M | 13M | 196M | 196M |
| CapEx | 520K | 307K | 458K | 149K | 3.2M | 2.6M | 2.9M | 2.0M | 2.0M | 7.8M | 4.4M | 4.8M | 4.8M |
| Maint. CapEx | 291K | 865K | 286K | 325K | 2.9M | 3.1M | 3.7M | 2.7M | 2.4M | 3.5M | 4.9M | 5.1M | 5.1M |
| Growth CapEx | 229K | 0 | 172K | 0 | 268K | 0 | 0 | 0 | 0 | 4.3M | 0 | 0 | 0 |
| D&A | 291K | 865K | 286K | 325K | 2.9M | 3.1M | 3.7M | 2.7M | 2.4M | 3.5M | 4.9M | 5.1M | 5.1M |
| CapEx/OCF | 29.4% | N/A | N/A | N/A | N/A | N/A | 8.3% | N/A | 2.2% | 3.7% | 16.8% | 2.3% | 2.3% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8M | 2.9M | 2.9M | 2.9M | 2.9M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | 0.1% | 0.1% | 0.1% | 0.1% |
| Share Buybacks | 0 | 0 | 0 | 0 | 981K | 2.2M | 0 | 0 | 101M | 46M | 48M | 84M | 84M |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.3% | 0.4% | N/A | N/A | 9.1% | 1.9% | 1.9% | 3.0% | 2.6% |
| Stock-Based Comp | 40K | 474K | 1.3M | 2.6M | 1.8M | 2.2M | 2.1M | 3.1M | 3.5M | 6.8M | 8.4M | 12M | 12M |
| Debt Repayment | 0 | 0 | 326K | 809K | 870K | 2.0M | 527K | 2.9M | 829K | 638K | 841K | 941K | 941K |
| Balance Sheet | |||||||||||||
| Net Debt | 154M | 36M | 126M | 182M | 159M | 368M | 294M | 247M | 314M | 186M | 215M | 167M | 167M |
| Cash & Equiv. | 23M | 21M | 35M | 40M | 42M | 38M | 34M | 94M | 93M | 199M | 160M | 191M | 191M |
| Long-Term Debt | 176M | 58M | 86M | 117M | 0 | 241M | 221M | 340M | 372M | 350M | 340M | 323M | 323M |
| Debt/Equity | 1.03 | 0.16 | 0.42 | 0.53 | 0.43 | 0.78 | 0.51 | 0.39 | 0.38 | 0.30 | 0.23 | 0.19 | 0.19 |
| Interest Coverage | 25.6 | 114.9 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 172M | 360M | 385M | 416M | 468M | 523M | 640M | 875M | 1.1B | 1.3B | 1.6B | 1.9B | 1.9B |
| Total Assets | 400M | 474M | 541M | 611M | 784M | 876M | 989M | 1.4B | 1.7B | 1.9B | 2.2B | 2.5B | 2.5B |
| Total Liabilities | 219M | 102M | 139M | 178M | 290M | 326M | 326M | 511M | 544M | 549M | 552M | 602M | 602M |
| Intangibles | N/A | N/A | N/A | 0 | 856K | 707K | 622K | 537K | 452K | 367K | 282K | 197K | 197K |
| Retained Earnings | 70M | 87M | 111M | 126M | 178M | 235M | 350M | 540M | 754M | 997M | 1.3B | 1.6B | 1.6B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | 11M | 5.7M | 14M | 18M | 29M | 25M | 40M | 61M | 91M | 96M | 110M | 153M | 153M |
| Per Share Data | |||||||||||||
| EPS | 0.27 | 0.38 | 0.49 | 0.30 | 1.02 | 1.16 | 2.24 | 3.72 | 6.02 | 6.14 | 8.45 | 7.07 | 7.07 |
| Owner EPS | 0.01 | -1.16 | -0.13 | -0.42 | -0.87 | -0.54 | 0.58 | -1.92 | 1.77 | 4.42 | 0.28 | 4.46 | 4.46 |
| Book Value | 0.91 | 8.91 | 7.93 | 8.34 | 9.25 | 10.35 | 12.61 | 17.11 | 22.12 | 28.35 | 36.27 | 42.35 | 42.35 |
| Cash Flow/Share | 0.01 | -1.13 | -0.10 | -0.36 | -0.78 | -0.44 | 0.69 | -1.81 | 1.89 | 4.65 | 0.58 | 4.86 | 7.19 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 |
| Shares Out. | 188.1M | 40.3M | 48.5M | 49.9M | 50.6M | 50.6M | 50.8M | 51.1M | 48.0M | 45.9M | 44.8M | 43.9M | 43.9M |
| Valuation | |||||||||||||
| P/E Ratio | 6.8 | 19.2 | 20.4 | 37.2 | 7.0 | 9.8 | 10.6 | 8.1 | 3.8 | 8.5 | 6.7 | 9.0 | 10.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | 37.3 | N/A | 12.5 | 11.7 | 117.4 | 13.4 | 15.3 |
| EV/EBIT | 15.6 | 11.1 | 12.1 | 11.8 | 6.7 | 11.6 | 10.0 | 7.1 | 3.5 | 6.5 | 5.4 | 6.8 | 8.3 |
| Price/Book | 2.4 | 0.8 | 1.3 | 1.3 | 0.8 | 1.1 | 1.9 | 1.8 | 1.1 | 1.9 | 1.6 | 1.5 | 1.7 |
| Price/Sales | 1.0 | 1.3 | 1.0 | 1.1 | 0.8 | 0.6 | 0.7 | 0.9 | 0.6 | 1.1 | 1.4 | 1.3 | 1.5 |
| FCF Yield | 0.3% | -15.5% | -1.1% | -3.3% | -11.9% | -4.3% | 2.7% | -6.1% | 7.9% | 8.5% | 0.8% | 7.4% | 6.6% |
| Market Cap | 414M | 295M | 485M | 556M | 360M | 576M | 1.2B | 1.5B | 1.1B | 2.4B | 2.5B | 2.8B | 3.2B |
| Avg. Price | 4.79 | 9.52 | 7.47 | 10.34 | 10.20 | 9.52 | 13.86 | 23.71 | 23.09 | 42.99 | 63.32 | 63.20 | 72.48 |
| Year-End Price | 8.48 | 7.31 | 10.00 | 11.15 | 7.11 | 11.40 | 23.69 | 30.11 | 23.09 | 52.40 | 56.44 | 63.81 | 72.48 |
Green Brick Partners, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Green Brick Partners, Inc. trades at 10.3x trailing earnings, compared to its 15-year median P/E of 8.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 15.4x vs a median of 13.0x. The company's 5-year average ROIC is 20.4% with a gross margin of 30.1%. Total shareholder yield (buybacks) is 2.7%. At current prices, the estimated annualized return to fair value is +59.6%.
Green Brick Partners, Inc. (GRBK) reported annual revenue of $2.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Green Brick Partners, Inc. (GRBK) has a net profit margin of 14.8%. This is a healthy margin.
Green Brick Partners, Inc. (GRBK) generated $208 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Green Brick Partners, Inc. (GRBK) has a debt-to-equity ratio of 0.19. This indicates a conservatively financed balance sheet.
Green Brick Partners, Inc. (GRBK) reported earnings per share (EPS) of $7.07 in its most recent fiscal year.
Green Brick Partners, Inc. (GRBK) has a return on equity (ROE) of 17.8%. This indicates the company generates strong returns for shareholders.
Green Brick Partners, Inc. (GRBK) has a 5-year average gross margin of 30.1%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for Green Brick Partners, Inc. (GRBK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Green Brick Partners, Inc. (GRBK) has a book value per share of $42.35, based on its most recent annual SEC filing.