Balance Sheet Green Brick Partners, Inc.

Equities

GRBK

US3927091013

Homebuilding

Market Closed - Nyse Other stock markets 21:00:02 12/02/2026 GMT			5-day change	1st Jan Change
77.56 ^USD	+0.35%		+3.50%	+23.78%

12-16	Green Brick Partners Inc - enters 13th amendment to credit agreement - SEC filing	RE
30/10/25	Green Brick Partners, Inc., Q3 2025 Earnings Call, Oct 30, 2025

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Published financial data: GREEN BRICK PARTNERS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	976M	1.4B	1.76B	1.78B	2.1B
Total Revenues	976M	1.4B	1.76B	1.78B	2.1B
Cost of Goods Sold, Total	741M	1.04B	1.23B	1.23B	1.4B
Gross Profit	235M	362M	523M	548M	704M
Selling General & Admin Expenses, Total	109M	132M	162M	189M	227M
Depreciation & Amortization - (IS)	3.6M	2.7M	2.3M	3.5M	-
Other Operating Expenses, Total	112M	134M	164M	193M	227M
Operating Income	122M	228M	359M	355M	477M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-	-	-	-	-
Income (Loss) On Equity Invest.	16.65M	19.71M	25.63M	16.74M	5.08M
Other Non Operating Income (Expenses)	5.57M	9.71M	12.72M	19.37M	19.12M
EBT, Excl. Unusual Items	145M	257M	397M	391M	501M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	10.72M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-1.88M	-223K	-966K	-	-
EBT, Incl. Unusual Items	143M	257M	396M	391M	512M
Income Tax Expense	25.02M	52.6M	82.47M	84.64M	94.72M
Earnings From Continuing Operations	118M	204M	314M	307M	417M
Net Income to Company	118M	204M	314M	307M	417M
Minority Interest	-4.1M	-14.17M	-22.1M	-22.05M	-35.57M
Net Income - (IS)	114M	190M	292M	285M	382M
Preferred Dividend and Other Adjustments	-	71K	2.88M	2.88M	2.88M
Net Income to Common Incl Extra Items	114M	190M	289M	282M	379M
Net Income to Common Excl. Extra Items	114M	190M	289M	282M	379M
Per Share Items
Net EPS - Basic	2.25	3.75	6.07	6.2	8.51
Basic EPS - Continuing Operations	2.25	3.75	6.07	6.2	8.51
Basic Weighted Average Shares Outstanding	50.57M	50.7M	47.65M	45.45M	44.51M
Net EPS - Diluted	2.24	3.72	6.02	6.14	8.45
Diluted EPS - Continuing Operations	2.24	3.72	6.02	6.14	8.45
Diluted Weighted Average Shares Outstanding	50.8M	51.06M	47.99M	45.92M	44.84M
Normalized Basic EPS	1.71	2.89	4.75	4.9	6.24
Normalized Diluted EPS	1.7	2.87	4.72	4.85	6.19
Payout Ratio	-	-	0.96	1.01	0.75
Supplemental Items
EBITDA	126M	231M	361M	359M	482M
EBITA	123M	228M	359M	355M	477M
EBIT	122M	228M	359M	355M	477M
EBITDAR	128M	233M	364M	361M	484M
Total Revenues (As Reported)	976M	1.4B	1.76B	1.78B	2.1B
Effective Tax Rate - (Ratio)	17.52	20.47	20.8	21.63	18.51
Current Domestic Taxes	25.13M	52.97M	83.18M	83.5M	93.4M
Total Current Taxes	25.13M	52.97M	83.18M	83.5M	93.4M
Deferred Domestic Taxes	-114K	-365K	-707K	1.14M	1.32M
Total Deferred Taxes	-114K	-365K	-707K	1.14M	1.32M
Normalized Net Income	86.33M	147M	226M	223M	278M
Interest Capitalized	9.82M	13.34M	16.45M	14.63M	13.91M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	2.2M	1.3M	1.2M	2.4M	3.1M
Selling and Marketing Expenses	2.2M	1.3M	1.2M	2.4M	3.1M
Net Rental Expense, Total	1.7M	2.1M	2.9M	2.7M	2.4M
Imputed Operating Lease Interest Expense	576K	797K	1.07M	870K	763K
Imputed Operating Lease Depreciation	1.12M	1.3M	1.83M	1.83M	1.64M
Stock-Based Comp., SG&A Exp. (Total)	2.1M	3.08M	3.48M	6.75M	8.4M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	2.1M	3.08M	3.48M	6.75M	8.4M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	19.48M	78.7M	76.59M	180M	142M
Total Cash And Short Term Investments	19.48M	78.7M	76.59M	180M	142M
Accounts Receivable, Total	5.22M	6.87M	5.29M	10.63M	13.86M
Total Receivables	5.22M	6.87M	5.29M	10.63M	13.86M
Inventory	845M	1.2B	1.42B	1.53B	1.94B
Restricted Cash	14.16M	14.86M	16.68M	19.7M	18.15M
Other Current Assets, Total	22.24M	26.01M	23.91M	16.62M	13.63M
Total Current Assets	906M	1.33B	1.55B	1.76B	2.12B
Gross Property Plant And Equipment	13.67M	15.57M	15.09M	22.04M	23.26M
Accumulated Depreciation	-7.53M	-8.16M	-8.71M	-7.73M	-9.47M
Net Property Plant And Equipment	6.13M	7.41M	6.38M	14.31M	13.79M
Long-term Investments	46.44M	55.62M	74.22M	84.65M	60.58M
Goodwill	680K	680K	680K	680K	680K
Other Intangibles, Total	622K	537K	452K	367K	282K
Deferred Tax Assets Long-Term	15.38M	15.74M	16.45M	15.31M	13.98M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	13.86M	11.71M	12.35M	27.58M	35.76M
Total Assets	989M	1.42B	1.66B	1.9B	2.25B
Liabilities
Accounts Payable, Total	24.52M	45.68M	51.8M	54.32M	59.75M
Accrued Expenses, Total	34.01M	51.97M	73.34M	72.98M	92.7M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	12.98M	-
Current Portion of Leases	1.09M	1.54M	3.58M	1.22M	1.62M
Other Current Liabilities	44.54M	73.99M	47.06M	66.62M	54.44M
Total Current Liabilities	104M	173M	176M	208M	208M
Long-Term Debt	220M	335M	368M	334M	337M
Long-Term Leases	1.5M	3.21M	-	6.67M	6.73M
Other Non Current Liabilities	368K	-	-	-	-
Total Liabilities	326M	511M	544M	549M	552M
Preferred Stock Convertible	-	47.7M	47.7M	47.6M	47.6M
Total Preferred Equity	-	47.7M	47.7M	47.6M	47.6M
Common Stock, Total	511K	512K	460K	450K	445K
Additional Paid In Capital	293M	290M	259M	256M	245M
Retained Earnings	350M	540M	754M	997M	1.33B
Treasury Stock	-3.17M	-3.17M	-	-	-
Total Common Equity	640M	827M	1.01B	1.25B	1.58B
Minority Interest	22.71M	36.01M	50.15M	53.44M	72.75M
Total Equity	663M	911M	1.11B	1.35B	1.7B
Total Liabilities And Equity	989M	1.42B	1.66B	1.9B	2.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50.66M	50.76M	46.03M	44.97M	44.5M
ECS Total Common Shares Outstanding	50.66M	50.76M	46.03M	45.01M	44.5M
Book Value / Share	12.64	16.29	22.03	27.84	35.46
Tangible Book Value	639M	826M	1.01B	1.25B	1.58B
Tangible Book Value Per Share	12.61	16.27	22.01	27.82	35.44
Total Debt	222M	340M	371M	355M	345M
Net Debt	203M	261M	295M	175M	203M
Debt Equivalent Oper. Leases	13.6M	16.8M	23.2M	21.6M	19.2M
Minority Interest, Total (Incl. Fin. Div)	22.71M	36.01M	50.15M	53.44M	72.75M
Equity Method Investments, Total	46.44M	55.62M	74.22M	84.65M	60.58M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	845M	1.2B	1.42B	1.53B	1.94B
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	9.13M	8.92M	9.65M	12.42M	13.66M
Full Time Employees	440	540	550	600	650
Order Backlog	687M	870M	369M	555M	496M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	114M	190M	292M	285M	382M
Depreciation & Amortization - CF	3.57M	2.64M	2.27M	3.44M	4.78M
Amortization of Goodwill and Intangible Assets - (CF)	100K	100K	100K	100K	100K
Depreciation & Amortization, Total	3.67M	2.74M	2.37M	3.54M	4.88M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-	150K	-377K	207K	74K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-10.72M
(Income) Loss On Equity Investments - (CF)	-5.72M	-9.16M	-14.14M	-4.88M	2.59M
Stock-Based Compensation (CF)	2.1M	3.08M	3.48M	6.75M	8.4M
Other Operating Activities, Total	5.87M	14.03M	22.36M	23.26M	37.18M
Change In Accounts Receivable	-504K	-1.65M	1.58M	-5.34M	-3.23M
Change In Inventories	-90.34M	-358M	-218M	-109M	-403M
Change In Accounts Payable	-5.52M	21.16M	6.12M	2.52M	5.43M
Change in Other Net Operating Assets	11.86M	45.33M	-5.01M	11.91M	3.04M
Cash from Operations	35.1M	-92.38M	90.68M	213M	25.91M
Capital Expenditure	-2.87M	-2.02M	-2.01M	-7.8M	-4.36M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-10.43M	-8K	-4.46M	-5.55M	32.2M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Cash from Investing	-13.3M	-2.03M	-6.48M	-13.35M	27.84M
Long-Term Debt Issued, Total	403M	975M	434M	22.06M	121M
Total Debt Issued	403M	975M	434M	22.06M	121M
Long-Term Debt Repaid, Total	-421M	-858M	-402M	-43.7M	-131M
Total Debt Repaid	-421M	-858M	-402M	-43.7M	-131M
Issuance of Common Stock	-	-	-	-	70.35M
Repurchase of Common Stock	-592K	-834K	-103M	-47.75M	-130M
Issuance of Preferred Stock	-	47.7M	-	-	-
Common Dividends Paid	-	-	-2.81M	-	-
Preferred Dividends Paid	-	-	-	-2.88M	-2.88M
Common & Preferred Stock Dividends Paid	-	-	-2.81M	-2.88M	-2.88M
Other Financing Activities, Total	-6.88M	-9.61M	-11.55M	-21.53M	-20.26M
Cash from Financing	-25.85M	154M	-84.48M	-93.8M	-93.51M
Net Change in Cash	-4.05M	59.92M	-284K	106M	-39.76M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	20.54M	47.29M	85.44M	90.54M	83.61M
Levered Free Cash Flow	-5.01M	-150M	13.26M	135M	-83.23M
Unlevered Free Cash Flow	-5.01M	-150M	13.26M	135M	-83.23M
Change In Net Working Capital	84.45M	297M	215M	89.89M	390M
Net Debt Issued / Repaid	-18.38M	117M	32.41M	-21.64M	-10.61M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.21	11.81	14.58	12.48	14.36
Return on Total Capital	9.13	13.33	16.42	13.91	15.89
Return On Equity %	19.42	25.98	31.05	24.87	27.33
Return on Common Equity	19.54	25.92	31.4	24.85	26.76
Margin Analysis
Gross Profit Margin %	24.04	25.81	29.75	30.84	33.52
SG&A Margin	11.12	9.38	9.2	10.66	10.79
EBITDA Margin %	12.92	16.43	20.56	20.18	22.96
EBITA Margin %	12.56	16.24	20.43	19.99	22.73
EBIT Margin %	12.55	16.24	20.43	19.98	22.72
Income From Continuing Operations Margin %	12.07	14.57	17.86	17.25	19.87
Net Income Margin %	11.65	13.56	16.61	16.01	18.18
Net Avail. For Common Margin %	11.65	13.55	16.44	15.85	18.04
Normalized Net Income Margin	8.84	10.45	12.87	12.52	13.23
Levered Free Cash Flow Margin	-0.51	-10.73	0.75	7.57	-3.97
Unlevered Free Cash Flow Margin	-0.51	-10.73	0.75	7.57	-3.97
Asset Turnover
Asset Turnover	1.05	1.16	1.14	1	1.01
Fixed Assets Turnover	140.39	207.2	255.03	171.88	149.38
Receivables Turnover (Average Receivables)	196.3	231.98	289.13	223.33	171.41
Inventory Turnover (Average Inventory)	0.93	1.02	0.94	0.83	0.8
Short Term Liquidity
Current Ratio	8.7	7.68	8.79	8.46	10.19
Quick Ratio	0.24	0.49	0.47	0.91	0.75
Operating Cash Flow to Current Liabilities	0.34	-0.53	0.52	1.03	0.12
Days Sales Outstanding (Average Receivables)	1.86	1.57	1.26	1.63	2.13
Days Outstanding Inventory (Average Inventory)	394.48	359.17	388.19	438.75	455.19
Average Days Payable Outstanding	11.99	9.15	12.24	14.45	11.6
Cash Conversion Cycle (Average Days)	384.35	351.59	377.21	425.93	445.73
Long Term Solvency
Total Debt/Equity	33.56	37.3	33.4	26.2	20.31
Total Debt / Total Capital	25.12	27.17	25.04	20.76	16.88
LT Debt/Equity	33.39	37.13	33.08	25.15	20.22
Long-Term Debt / Total Capital	25	27.05	24.8	19.93	16.8
Total Liabilities / Total Assets	32.96	35.96	32.83	28.84	24.53
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	1.74	1.46	1.02	0.98	0.71
Net Debt / EBITDA	1.59	1.12	0.81	0.48	0.42
Total Debt / (EBITDA - Capex)	1.78	1.47	1.03	1	0.72
Net Debt / (EBITDA - Capex)	1.62	1.13	0.81	0.49	0.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	23.29	43.73	25.3	1.13	18.07
Gross Profit, 1 Yr. Growth %	38.67	54.26	44.46	4.81	28.34
EBITDA, 1 Yr. Growth %	69.34	82.62	56.79	-0.75	34.31
EBITA, 1 Yr. Growth %	71.41	85.77	57.61	-1.08	34.27
EBIT, 1 Yr. Growth %	71.51	85.84	57.64	-1.08	34.28
Earnings From Cont. Operations, 1 Yr. Growth %	83.19	73.5	53.63	-2.33	36.03
Net Income, 1 Yr. Growth %	93.83	67.3	53.46	-2.49	34.06
Normalized Net Income, 1 Yr. Growth %	72.01	69.67	54.38	-1.41	24.78
Diluted EPS Before Extra, 1 Yr. Growth %	93.1	66.07	61.83	1.99	37.62
Accounts Receivable, 1 Yr. Growth %	10.68	31.53	-23.04	101.06	30.34
Inventory, 1 Yr. Growth %	12.08	42.52	18.19	7.77	26.38
Net Property, Plant and Equip., 1 Yr. Growth %	-21.08	20.79	-13.92	124.38	-3.61
Total Assets, 1 Yr. Growth %	12.94	43.79	16.44	14.93	18.24
Tangible Book Value, 1 Yr. Growth %	22.45	29.22	22.7	23.59	25.94
Common Equity, 1 Yr. Growth %	22.38	29.15	22.66	23.55	25.91
Cash From Operations, 1 Yr. Growth %	-259.09	-362.93	-198.15	135.28	-87.85
Capital Expenditures, 1 Yr. Growth %	11.6	-30.24	-0.64	287.77	-44.05
Levered Free Cash Flow, 1 Yr. Growth %	-88.77	2.92K	-108.72	914.99	-161.83
Unlevered Free Cash Flow, 1 Yr. Growth %	-88.77	2.92K	-108.72	914.99	-161.83
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	25.1	33.12	34.2	12.57	9.27
Gross Profit, 2 Yr. CAGR %	23.31	46.29	49.31	23.05	15.98
EBITDA, 2 Yr. CAGR %	27.82	75.93	69.28	24.75	15.46
EBITA, 2 Yr. CAGR %	28.3	78.52	71.18	24.86	15.25
EBIT, 2 Yr. CAGR %	28.42	78.61	71.23	24.87	15.25
Earnings From Cont. Operations, 2 Yr. CAGR %	35.1	78.28	63.27	22.5	15.26
Net Income, 2 Yr. CAGR %	48.4	80.08	60.23	22.33	14.33
Normalized Net Income, 2 Yr. CAGR %	48.3	70.9	61.9	23.27	10.92
Diluted EPS Before Extra, 2 Yr. CAGR %	48.25	79.08	63.94	28.47	18.48
Accounts Receivable, 2 Yr. CAGR %	3.87	20.65	0.61	24.39	61.88
Inventory, 2 Yr. CAGR %	12.37	26.39	29.78	12.86	16.71
Net Property, Plant and Equip., 2 Yr. CAGR %	14.35	-2.36	1.97	38.98	47.07
Total Assets, 2 Yr. CAGR %	12.3	27.44	29.4	15.68	16.57
Tangible Book Value, 2 Yr. CAGR %	16.99	25.79	25.92	23.15	24.76
Common Equity, 2 Yr. CAGR %	16.92	25.72	25.86	23.11	24.73
Cash From Operations, 2 Yr. CAGR %	-5.71	104.67	60.65	51.97	-46.54
Capital Expenditures, 2 Yr. CAGR %	-5.51	-11.39	-16.75	96.29	47.29
Levered Free Cash Flow, 2 Yr. CAGR %	-77.77	83.59	62.05	-5.9	150.51
Unlevered Free Cash Flow, 2 Yr. CAGR %	-77.77	83.59	62.05	-5.9	150.51
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	28.66	31.03	30.46	22.12	14.37
Gross Profit, 3 Yr. CAGR %	25.54	32.88	45.68	32.7	24.79
EBITDA, 3 Yr. CAGR %	27.79	44	69.3	41.68	27.86
EBITA, 3 Yr. CAGR %	26.8	45.19	71.26	42.58	27.92
EBIT, 3 Yr. CAGR %	26.77	45.3	71.32	42.61	27.93
Earnings From Cont. Operations, 3 Yr. CAGR %	67.19	46.85	69.66	37.57	26.85
Net Income, 3 Yr. CAGR %	96.56	54.45	70.73	35.78	26.12
Normalized Net Income, 3 Yr. CAGR %	42.28	55.15	65.21	37.11	23.77
Diluted EPS Before Extra, 3 Yr. CAGR %	95.45	53.97	73.13	39.95	31.45
Accounts Receivable, 3 Yr. CAGR %	48.2	12.37	3.86	26.73	26.35
Inventory, 3 Yr. CAGR %	19.41	21.63	23.59	21.99	17.2
Net Property, Plant and Equip., 3 Yr. CAGR %	96.85	16.46	-6.38	32.63	23.02
Total Assets, 3 Yr. CAGR %	17.41	21.95	23.66	24.38	16.53
Tangible Book Value, 3 Yr. CAGR %	15.35	20.93	24.75	25.14	24.07
Common Equity, 3 Yr. CAGR %	15.42	20.86	24.69	25.09	24.03
Cash From Operations, 3 Yr. CAGR %	24.93	32.77	60.2	82.44	-34.54
Capital Expenditures, 3 Yr. CAGR %	167.97	-14.24	-7.94	39.03	29.18
Levered Free Cash Flow, 3 Yr. CAGR %	-41.64	14.04	-33.28	198.71	-18.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-41.64	14.04	-33.28	198.71	-18.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	27.37	29.11	30.85	23.31	21.53
Gross Profit, 5 Yr. CAGR %	30.39	32.77	34.56	28.86	32.98
EBITDA, 5 Yr. CAGR %	30.65	36.07	43	35.97	45.27
EBITA, 5 Yr. CAGR %	30.59	35.92	42.98	36.69	46.17
EBIT, 5 Yr. CAGR %	30.57	35.9	42.97	36.75	46.2
Earnings From Cont. Operations, 5 Yr. CAGR %	35.76	42.18	65.61	36.58	45.35
Net Income, 5 Yr. CAGR %	49.3	51.6	81.14	40.7	45.43
Normalized Net Income, 5 Yr. CAGR %	49.71	48.67	49.83	41.48	40.79
Diluted EPS Before Extra, 5 Yr. CAGR %	42.59	50.24	82.18	43.21	48.76
Accounts Receivable, 5 Yr. CAGR %	9.53	22.93	26.93	17.04	24.04
Inventory, 5 Yr. CAGR %	19.67	24.02	23.46	18.04	20.79
Net Property, Plant and Equip., 5 Yr. CAGR %	50.21	52.71	51.31	24.99	12.16
Total Assets, 5 Yr. CAGR %	15.85	21.32	22.06	19.4	20.78
Tangible Book Value, 5 Yr. CAGR %	12.19	16.51	19.46	21.81	24.76
Common Equity, 5 Yr. CAGR %	12.23	16.54	19.49	21.75	24.7
Cash From Operations, 5 Yr. CAGR %	-5.02	80.27	38.18	40.14	3.28
Capital Expenditures, 5 Yr. CAGR %	56.34	34.62	68.3	19.43	11.1
Levered Free Cash Flow, 5 Yr. CAGR %	-38.81	52.32	-12.07	5.82	13.26
Unlevered Free Cash Flow, 5 Yr. CAGR %	-38.77	52.32	-12.07	5.82	13.26