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Green Brick Partners, Inc., the third-largest homebuilder in Dallas-Fort Worth and one of Fortune Magazine's fastest-growing companies. It is a diversified homebuilding and land development company operating through its seven subsidiary homebuilders in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also holds interests in related financial services platforms, including Green Brick Title, Green Brick Mortgage, and Green Brick Insurance. The company and its affiliated builders are involved in all aspects of the homebuilding process, including land acquisition, development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. Green Brick Partners Inc. was incorporated in Delaware.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.0B | $415M | $313M | $208M | 17.3% | -1.0% | -17.9% |
| 2024 | $2.1B | $482M | $382M | $22M | 24.2% | 17.8% | 34.1% |
| 2023 | $1.7B | $359M | $285M | $206M | 22.7% | -0.5% | -2.5% |
| 2022 | $1.8B | $361M | $292M | $89M | 28.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,757.79 | 1,749.31 | 2,061.48 | 2,039.99 |
| Operating Revenue | - | 1,757.79 | 1,749.31 | 2,061.48 | 2,039.99 |
| Cost Of Revenue | - | 1,234.77 | 1,201.12 | 1,357.95 | 1,399.19 |
| Gross Profit | - | 523.02 | 548.18 | 703.52 | 640.81 |
| Operating Expense | - | 163.94 | 192.98 | 226.57 | 231.36 |
| Selling General And Administration | - | 163.94 | 192.98 | 226.57 | 231.36 |
| Total Expenses | - | 1,398.71 | 1,394.10 | 1,584.52 | 1,630.55 |
| Operating Income | - | 359.08 | 355.20 | 476.96 | 409.44 |
| EBITDA | - | 361.45 | 358.75 | 481.83 | 414.55 |
| Normalized EBITDA | - | 361.45 | 358.75 | 481.83 | 414.55 |
| EBIT | - | 359.08 | 355.20 | 476.96 | 409.44 |
| Other Non Operating Income Expenses | - | 11.76 | 19.37 | 29.84 | 27.73 |
| Other Income Expense | - | 37.38 | 36.11 | 34.92 | 28.74 |
| Pretax Income | - | 396.46 | 391.31 | 511.88 | 438.18 |
| Tax Provision | - | 82.47 | 84.64 | 94.72 | 94.67 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 314 | 306.68 | 417.16 | 343.51 |
| Net Income From Continuing And Discontinued Operation | - | 291.90 | 284.63 | 381.58 | 313.23 |
| Net Income From Continuing Operation Net Minority Interest | - | 291.90 | 284.63 | 381.58 | 313.23 |
| Net Income | - | 291.90 | 284.63 | 381.58 | 313.23 |
| Net Income Common Stockholders | - | 289.02 | 281.75 | 378.71 | 310.35 |
| Net Income Including Noncontrolling Interests | - | 314 | 306.68 | 417.16 | 343.51 |
| Normalized Income | - | 291.90 | 284.63 | 381.58 | 313.23 |
| Diluted NI Availto Com Stockholders | - | 289.02 | 281.75 | 378.71 | 310.35 |
| Basic Average Shares | - | 47.65 | 45.45 | 44.51 | 43.79 |
| Diluted Average Shares | - | 47.99 | 45.92 | 44.84 | 43.92 |
| Reconciled Depreciation | - | 2.37 | 3.54 | 4.88 | 5.11 |
| Reconciled Cost Of Revenue | - | 1,234.77 | 1,201.12 | 1,357.95 | 1,399.19 |
| Total Unusual Items | 0 | 0 | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | 0 | - | - | - |
| Preferred Stock Dividends | - | 2.88 | 2.88 | 2.88 | 2.88 |
| Minority Interests | - | -22.10 | -22.05 | -35.57 | -30.29 |
| Special Income Charges | 0 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | 0 | 0 | - | - | - |
| Earnings From Equity Interest | - | 25.63 | 16.74 | 5.08 | 1 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Green Brick Partners, Inc.this co. | GRBK | $3.0B | 9.55↓ discount | 1.65 | 17.3% | 7.63 |
| Academy Sports and Outdoors, Inc. | ASO | $3.3B | 8.75 | 1.52 | 17.4% | 7.53 |
| Steven Madden, Ltd. | SHOO | $3.2B | 72.72 | 3.75 | 5.2% | 29.33 |
| The Cheesecake Factory Incorporated | CAKE | $3.2B | 21.37 | 7.27 | 34.0% | 18.01 |
| PHINIA Inc. | PHIN |
| - |
| - |
| - |
| - |
| - |
| - |
| $3.0B |
| 23.42 |
| 1.92 |
| 8.2% |
| 8.50 |
| Marriott Vacations Worldwide Corporation | VAC | $3.0B | - | 1.50 | -15.5% | 434.60 |
| Patrick Industries, Inc. | PATK | $2.8B | 20.96 | 2.39 | 11.4% | 10.19 |
| American Eagle Outfitters, Inc. | AEO | $2.8B | 14.54 | 1.65 | 11.3% | 7.73 |
| Callaway Golf Company | CALY | $2.7B | -6.59 | 1.30 | -19.8% | 17.81 |
| Peer Median | - | 20.96 | 1.78 | 9.8% | 14.00 | |