Green Brick Partners Inc Financials
This page shows Green Brick Partners Inc (GRBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Cash generation depends more on balance-sheet timing than on capex, while retained earnings steadily reduce leverage.
The latest year shows cash conversion recovered: revenue stayed near$2.10B while operating cash flow rebounded to$213.2M despite lower earnings. With capex still under$5M and free cash flow at$208.4M , the swing points to working-capital timing rather than heavy reinvestment, so cash output depends more on balance-sheet release than on fixed-asset spending.
The stronger cash year did not come from better unit economics: gross margin fell to
The balance sheet has been internally strengthened: retained earnings expanded from
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Green Brick Partners Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Green Brick Partners Inc's revenue declined 1% year-over-year, from $2.1B to $2.0B. This contraction results in a growth score of 47/100.
Green Brick Partners Inc carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
Green Brick Partners Inc has a free cash flow margin of 10.2%, earning a moderate score of 44/100. The company generates positive cash flow after capital investments, but with room for improvement.
Green Brick Partners Inc's ROE of 16.9% shows moderate profitability relative to equity, earning a score of 55/100. This is down from 23.5% the prior year.
Green Brick Partners Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Green Brick Partners Inc generates $0.68 in operating cash flow ($213.2M OCF vs $313.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Green Brick Partners Inc generated $2.0B in revenue in fiscal year 2025. This represents a decrease of 1.0% from the prior year.
Green Brick Partners Inc reported $313.2M in net income in fiscal year 2025. This represents a decrease of 17.9% from the prior year.
Green Brick Partners Inc earned $7.07 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 16.3% from the prior year.
Cash & Balance Sheet
Green Brick Partners Inc generated $208.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 867.4% from the prior year.
Green Brick Partners Inc held $191.0M in cash against $323.3M in long-term debt as of fiscal year 2025.
Green Brick Partners Inc had 43M shares outstanding in fiscal year 2025. This represents a decrease of 2.9% from the prior year.
Margins & Returns
Green Brick Partners Inc's gross margin was 31.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
Green Brick Partners Inc's net profit margin was 15.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.2 percentage points from the prior year.
Green Brick Partners Inc's ROE was 16.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.6 percentage points from the prior year.
Capital Allocation
Green Brick Partners Inc spent $83.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 73.0% from the prior year.
Green Brick Partners Inc invested $4.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 9.9% from the prior year.
GRBK Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $448.5M-16.4% | $536.8M+10.9% | $484.2M-9.4% | $534.6M+10.3% | $484.5M-12.8% | $555.5M+8.0% | $514.3M-6.9% | $552.5M |
| Cost of Revenue | $318.6M-4.1% | $332.1M-3.4% | $343.6M-10.0% | $381.6M+11.6% | $341.8M+1.8% | $335.8M-4.6% | $352.1M-5.1% | $371.0M |
| Gross Profit | $105.0M-35.2% | $162.0M+4.2% | $155.5M-7.2% | $167.5M+7.5% | $155.8M-19.7% | $194.0M+13.1% | $171.6M-9.5% | $189.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $52.6M-10.2% | $58.6M+0.7% | $58.1M-2.7% | $59.8M+8.9% | $54.9M-9.5% | $60.7M+5.0% | $57.7M+0.2% | $57.6M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | $0 | $0 | N/A | N/A | $0 | $0 |
| Income Tax | $18.4M-29.8% | $26.3M+13.1% | $23.2M+1.2% | $23.0M+3.3% | $22.2M-3.0% | $22.9M-0.7% | $23.1M-3.4% | $23.9M |
| Net Income | $60.9M-22.2% | $78.4M+0.7% | $77.9M-5.0% | $81.9M+9.2% | $75.1M-27.7% | $103.8M+16.5% | $89.1M-15.4% | $105.4M |
| EPS (Diluted) | $1.39 | N/A | $1.77-4.3% | $1.85+10.8% | $1.67 | N/A | $1.98-14.7% | $2.32 |
GRBK Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B-0.3% | $2.5B+2.2% | $2.5B+7.2% | $2.3B+1.8% | $2.3B+1.0% | $2.2B+3.6% | $2.2B+5.2% | $2.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $144.9M-24.1% | $191.0M+34.1% | $142.4M+26.6% | $112.5M+9.2% | $103.0M-27.2% | $141.5M+76.8% | $80.1M-39.9% | $133.3M |
| Inventory | $137.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $30.8M-22.9% | $40.0M-0.7% | $40.3M-4.1% | $42.0M+233.4% | $12.6M-9.1% | $13.9M+22.3% | $11.3M-22.9% | $14.7M |
| Goodwill | $680K0.0% | $680K0.0% | $680K0.0% | $680K0.0% | $680K0.0% | $680K0.0% | $680K0.0% | $680K |
| Total Liabilities | $542.5M-9.9% | $601.8M-0.1% | $602.4M+15.8% | $520.4M+1.0% | $515.3M-6.6% | $551.8M-5.5% | $584.2M+4.0% | $561.8M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | $323.3M | N/A | N/A | N/A | $339.9M | N/A | N/A |
| Total Equity | $1.9B+3.1% | $1.9B+3.0% | $1.8B+4.6% | $1.7B+2.0% | $1.7B+4.0% | $1.6B+6.9% | $1.5B+5.7% | $1.4B |
| Retained Earnings | $1.6B+3.4% | $1.6B+3.8% | $1.5B+5.4% | $1.4B+1.9% | $1.4B+5.6% | $1.3B+8.4% | $1.2B+5.9% | $1.2B |
GRBK Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $56.3M-29.6% | $80.0M+884.6% | -$10.2M-113.6% | $74.7M+8.7% | $68.7M+137.6% | $28.9M+566.6% | -$6.2M-386.8% | $2.2M |
| Capital Expenditures | $1.2M-22.0% | $1.6M-13.7% | $1.8M+165.5% | $687K-3.6% | $713K-19.3% | $883K-23.7% | $1.2M-16.2% | $1.4M |
| Free Cash Flow | $55.0M-29.8% | $78.4M+752.4% | -$12.0M-116.2% | $74.0M+8.8% | $68.0M+142.5% | $28.1M+481.2% | -$7.4M-1043.5% | $780K |
| Investing Cash Flow | -$4.7M+56.0% | -$10.7M-45.9% | -$7.3M+46.5% | -$13.6M-14.0% | -$12.0M-75.8% | -$6.8M+71.1% | -$23.5M-640.4% | -$3.2M |
| Financing Cash Flow | -$65.5M-21.8% | -$53.8M-214.1% | $47.1M+194.0% | -$50.1M+38.6% | -$81.6M-348.0% | $32.9M+238.2% | -$23.8M+53.6% | -$51.3M |
| Dividends Paid | $719K0.0% | $719K0.0% | $719K0.0% | $719K0.0% | $719K0.0% | $719K0.0% | $719K0.0% | $719K |
| Share Buybacks | $7.3M-68.4% | $23.0M | $0-100.0% | $43.8M+159.0% | $16.9M+4205.1% | $393K-92.8% | $5.4M-86.0% | $38.8M |
GRBK Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.4%-6.8pp | 30.2%-1.9pp | 32.1%+0.8pp | 31.3%-0.8pp | 32.2%-2.8pp | 34.9%+1.6pp | 33.4%-1.0pp | 34.3% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 13.6%-1.0pp | 14.6%-1.5pp | 16.1%+0.8pp | 15.3%-0.2pp | 15.5%-3.2pp | 18.7%+1.4pp | 17.3%-1.7pp | 19.1% |
| Return on Equity | 3.2%-1.0pp | 4.2%-0.1pp | 4.3%-0.4pp | 4.8%+0.3pp | 4.4%-1.9pp | 6.4%+0.5pp | 5.9%-1.5pp | 7.3% |
| Return on Assets | 2.4%-0.7pp | 3.1%-0.0pp | 3.1%-0.4pp | 3.5%+0.2pp | 3.3%-1.3pp | 4.6%+0.5pp | 4.1%-1.0pp | 5.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.28+0.1 | 0.17-0.2 | 0.33+0.0 | 0.300.0 | 0.30+0.1 | 0.21-0.2 | 0.380.0 | 0.39 |
| FCF Margin | 12.3%-2.3pp | 14.6%+17.1pp | -2.5%-16.3pp | 13.9%-0.2pp | 14.0%+9.0pp | 5.1%+6.5pp | -1.4%-1.6pp | 0.1% |
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Frequently Asked Questions
What is Green Brick Partners Inc's annual revenue?
Green Brick Partners Inc (GRBK) reported $2.0B in total revenue for fiscal year 2025. This represents a -1.0% 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 declined by 1% year-over-year, from $2.1B to $2.0B in fiscal year 2025.
Is Green Brick Partners Inc profitable?
Yes, Green Brick Partners Inc (GRBK) reported a net income of $313.2M in fiscal year 2025, with a net profit margin of 15.3%.
How much debt does Green Brick Partners Inc have?
As of fiscal year 2025, Green Brick Partners Inc (GRBK) had $191.0M in cash and equivalents against $323.3M in long-term debt.
What is Green Brick Partners Inc's gross margin?
Green Brick Partners Inc (GRBK) had a gross margin of 31.4% in fiscal year 2025, 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 15.3% in fiscal year 2025, 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 16.9% for fiscal year 2025, 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 $208.4M in free cash flow during fiscal year 2025. This represents a 867.4% 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 $213.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Green Brick Partners Inc's total assets?
Green Brick Partners Inc (GRBK) had $2.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Green Brick Partners Inc's capital expenditures?
Green Brick Partners Inc (GRBK) invested $4.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Green Brick Partners Inc's debt-to-equity ratio?
Green Brick Partners Inc (GRBK) had a debt-to-equity ratio of 0.17 as of fiscal year 2025, 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 12.4% for fiscal year 2025, 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 4 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 to 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 0.68x, considered mixed quality. 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 52 out of 100 on our Financial Profile, indicating moderate 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.