Cash flow Green Brick Partners, Inc.

Equities

GRBK

US3927091013

Homebuilding

Market Closed - Nyse Other stock markets 20:00:02 13/03/2026 GMT			5-day change	1st Jan Change
65.02 ^USD	+1.50%		-4.82%	+3.77%

02-26	Green Brick Partners, Inc., Q4 2025 Earnings Call, Feb 26, 2026
02-25	Tranche Update on Green Brick Partners, Inc.'s Equity Buyback Plan announced on February 26, 2025.	CI

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Published financial data: GREEN BRICK PARTNERS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	1.4B	1.76B	1.78B	2.1B	2.1B
Total Revenues	1.4B	1.76B	1.78B	2.1B	2.1B
Cost of Goods Sold, Total	1.04B	1.23B	1.23B	1.4B	1.46B
Gross Profit	362M	523M	548M	704M	641M
Selling General & Admin Expenses, Total	132M	162M	189M	227M	231M
Depreciation & Amortization - (IS)	2.7M	2.3M	3.5M	-	-
Other Operating Expenses, Total	134M	164M	193M	227M	231M
Operating Income	228M	359M	355M	477M	409M
Income (Loss) On Equity Invest.	19.71M	25.63M	16.74M	5.08M	1M
Other Non Operating Income (Expenses)	9.71M	12.72M	19.37M	19.12M	27.73M
EBT, Excl. Unusual Items	257M	397M	391M	501M	438M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	10.72M	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-223K	-966K	-	-	-
EBT, Incl. Unusual Items	257M	396M	391M	512M	438M
Income Tax Expense	52.6M	82.47M	84.64M	94.72M	94.67M
Earnings From Continuing Operations	204M	314M	307M	417M	344M
Net Income to Company	204M	314M	307M	417M	344M
Minority Interest	-14.17M	-22.1M	-22.05M	-35.57M	-30.29M
Net Income - (IS)	190M	292M	285M	382M	313M
Preferred Dividend and Other Adjustments	71K	2.88M	2.88M	2.88M	2.88M
Net Income to Common Incl Extra Items	190M	289M	282M	379M	310M
Net Income to Common Excl. Extra Items	190M	289M	282M	379M	310M
Per Share Items
Net EPS - Basic	3.75	6.07	6.2	8.51	7.09
Basic EPS - Continuing Operations	3.75	6.07	6.2	8.51	7.09
Basic Weighted Average Shares Outstanding	50.7M	47.65M	45.45M	44.51M	43.79M
Net EPS - Diluted	3.72	6.02	6.14	8.45	7.07
Diluted EPS - Continuing Operations	3.72	6.02	6.14	8.45	7.07
Diluted Weighted Average Shares Outstanding	51.06M	47.99M	45.92M	44.84M	43.92M
Normalized Basic EPS	2.89	4.75	4.9	6.24	5.56
Normalized Diluted EPS	2.87	4.72	4.85	6.19	5.55
Payout Ratio	-	0.96	1.01	0.75	0.92
Supplemental Items
EBITDA	231M	361M	359M	482M	415M
EBITA	228M	359M	355M	477M	410M
EBIT	228M	359M	355M	477M	409M
EBITDAR	233M	364M	361M	484M	417M
Total Revenues (As Reported)	1.4B	1.76B	1.78B	2.1B	2.1B
Effective Tax Rate - (Ratio)	20.47	20.8	21.63	18.51	21.6
Current Domestic Taxes	52.97M	83.18M	83.5M	93.4M	90.35M
Total Current Taxes	52.97M	83.18M	83.5M	93.4M	90.35M
Deferred Domestic Taxes	-365K	-707K	1.14M	1.32M	4.32M
Total Deferred Taxes	-365K	-707K	1.14M	1.32M	4.32M
Normalized Net Income	147M	226M	223M	278M	244M
Interest Capitalized	13.34M	16.45M	14.63M	13.91M	12.68M
Interest on Long-Term Debt	-	-	-	-	12.68M
Supplemental Operating Expense Items
Advertising Expense	1.3M	1.2M	2.4M	3.1M	3.8M
Selling and Marketing Expenses	1.3M	1.2M	2.4M	3.1M	3.8M
Net Rental Expense, Total	2.1M	2.9M	2.7M	2.4M	2.8M
Imputed Operating Lease Interest Expense	797K	1.07M	870K	763K	843K
Imputed Operating Lease Depreciation	1.3M	1.83M	1.83M	1.64M	1.96M
Stock-Based Comp., SG&A Exp. (Total)	3.08M	3.48M	6.75M	8.4M	12.32M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	3.08M	3.48M	6.75M	8.4M	12.32M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	78.7M	76.59M	180M	142M	155M
Total Cash And Short Term Investments	78.7M	76.59M	180M	142M	155M
Accounts Receivable, Total	6.87M	5.29M	10.63M	13.86M	39.98M
Total Receivables	6.87M	5.29M	10.63M	13.86M	39.98M
Inventory	1.2B	1.42B	1.53B	1.94B	2.1B
Loans Held For Sale	-	-	-	-	49.1M
Restricted Cash	14.86M	16.68M	19.7M	18.15M	36.4M
Other Current Assets, Total	26.01M	23.91M	16.62M	13.63M	13.15M
Total Current Assets	1.33B	1.55B	1.76B	2.12B	2.39B
Gross Property Plant And Equipment	15.57M	15.09M	22.04M	23.26M	26.66M
Accumulated Depreciation	-8.16M	-8.71M	-7.73M	-9.47M	-12.87M
Net Property Plant And Equipment	7.41M	6.38M	14.31M	13.79M	13.79M
Long-term Investments	55.62M	74.22M	84.65M	60.58M	93.05M
Goodwill	680K	680K	680K	680K	680K
Other Intangibles, Total	537K	452K	367K	282K	197K
Deferred Tax Assets Long-Term	15.74M	16.45M	15.31M	13.98M	11.24M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	11.71M	12.35M	27.58M	35.76M	23.38M
Total Assets	1.42B	1.66B	1.9B	2.25B	2.53B
Liabilities
Accounts Payable, Total	45.68M	51.8M	54.32M	59.75M	94.52M
Accrued Expenses, Total	51.97M	73.34M	72.98M	92.7M	92.52M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	12.98M	-	-
Current Portion of Leases	1.54M	3.58M	1.22M	1.62M	2.14M
Current Income Taxes Payable	-	-	-	-	47.2M
Unearned Revenue Current, Total	-	-	-	-	25.72M
Other Current Liabilities	73.99M	47.06M	66.62M	54.44M	12.92M
Total Current Liabilities	173M	176M	208M	208M	275M
Long-Term Debt	335M	368M	334M	337M	320M
Long-Term Leases	3.21M	-	6.67M	6.73M	6.5M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	511M	544M	549M	552M	602M
Preferred Stock Convertible	47.7M	47.7M	47.6M	47.6M	47.6M
Total Preferred Equity	47.7M	47.7M	47.6M	47.6M	47.6M
Common Stock, Total	512K	460K	450K	445K	432K
Additional Paid In Capital	290M	259M	256M	245M	244M
Retained Earnings	540M	754M	997M	1.33B	1.57B
Treasury Stock	-3.17M	-	-	-	-
Total Common Equity	827M	1.01B	1.25B	1.58B	1.81B
Minority Interest	36.01M	50.15M	53.44M	72.75M	74.02M
Total Equity	911M	1.11B	1.35B	1.7B	1.93B
Total Liabilities And Equity	1.42B	1.66B	1.9B	2.25B	2.53B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	50.76M	46.03M	44.97M	44.5M	43.16M
ECS Total Common Shares Outstanding	50.76M	46.03M	45.01M	44.5M	43.21M
Book Value / Share	16.29	22.03	27.84	35.46	41.92
Tangible Book Value	826M	1.01B	1.25B	1.58B	1.81B
Tangible Book Value Per Share	16.27	22.01	27.82	35.44	41.9
Total Debt	340M	371M	355M	345M	329M
Net Debt	261M	295M	175M	203M	174M
Debt Equivalent Oper. Leases	16.8M	23.2M	21.6M	19.2M	22.4M
Minority Interest, Total (Incl. Fin. Div)	36.01M	50.15M	53.44M	72.75M	74.02M
Equity Method Investments, Total	55.62M	74.22M	84.65M	60.58M	93.05M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	1.2B	1.42B	1.53B	1.94B	2.1B
Land - (BS)	-	-	-	-	-
Buildings, Total	-	-	-	-	-
Machinery, Total	8.92M	9.65M	12.42M	13.66M	16.16M
Full Time Employees	540	550	600	650	620
Order Backlog	870M	369M	555M	496M	354M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	190M	292M	285M	382M	313M
Depreciation & Amortization - CF	2.64M	2.27M	3.44M	4.78M	5.01M
Amortization of Goodwill and Intangible Assets - (CF)	100K	100K	100K	100K	100K
Depreciation & Amortization, Total	2.74M	2.37M	3.54M	4.88M	5.11M
(Gain) Loss From Sale Of Asset	150K	-377K	207K	74K	7K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-10.72M	-
(Income) Loss On Equity Investments - (CF)	-9.16M	-14.14M	-4.88M	2.59M	6.29M
Stock-Based Compensation (CF)	3.08M	3.48M	6.75M	8.4M	12.32M
Other Operating Activities, Total	14.03M	22.36M	23.26M	37.18M	35.65M
Change In Accounts Receivable	-1.65M	1.58M	-5.34M	-3.23M	-26.12M
Change In Inventories	-358M	-218M	-109M	-403M	-160M
Change In Accounts Payable	21.16M	6.12M	2.52M	5.43M	34.77M
Change in Other Net Operating Assets	45.33M	-5.01M	11.91M	3.04M	-7.74M
Cash from Operations	-92.38M	90.68M	213M	25.91M	213M
Capital Expenditure	-2.02M	-2.01M	-7.8M	-4.36M	-4.8M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-8K	-4.46M	-5.55M	32.2M	-38.76M
Cash from Investing	-2.03M	-6.48M	-13.35M	27.84M	-43.55M
Long-Term Debt Issued, Total	975M	434M	22.06M	121M	284M
Total Debt Issued	975M	434M	22.06M	121M	284M
Long-Term Debt Repaid, Total	-858M	-402M	-43.7M	-131M	-301M
Total Debt Repaid	-858M	-402M	-43.7M	-131M	-301M
Issuance of Common Stock	-	-	-	70.35M	-
Repurchase of Common Stock	-834K	-103M	-47.75M	-130M	-86.83M
Issuance of Preferred Stock	47.7M	-	-	-	-
Common Dividends Paid	-	-2.81M	-	-	-
Preferred Dividends Paid	-	-	-2.88M	-2.88M	-2.88M
Common & Preferred Stock Dividends Paid	-	-2.81M	-2.88M	-2.88M	-2.88M
Other Financing Activities, Total	-9.61M	-11.55M	-21.53M	-20.26M	-32.09M
Cash from Financing	154M	-84.48M	-93.8M	-93.51M	-138M
Net Change in Cash	59.92M	-284K	106M	-39.76M	31.29M
Supplemental Items
Cash Income Tax Paid (Refund)	47.29M	85.44M	90.54M	83.61M	50.11M
Levered Free Cash Flow	-150M	13.26M	135M	-83.23M	80.06M
Unlevered Free Cash Flow	-150M	13.26M	135M	-83.23M	80.06M
Change In Net Working Capital	297M	215M	89.89M	390M	188M
Net Debt Issued / Repaid	117M	32.41M	-21.64M	-10.61M	-16.6M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	11.81	14.58	12.48	14.36	10.7
Return on Total Capital	13.33	16.42	13.91	15.89	11.89
Return On Equity %	25.98	31.05	24.87	27.33	18.92
Return on Common Equity	25.92	31.4	24.85	26.76	18.31
Margin Analysis
Gross Profit Margin %	25.81	29.75	30.84	33.52	30.54
SG&A Margin	9.38	9.2	10.66	10.79	11.03
EBITDA Margin %	16.43	20.56	20.18	22.96	19.76
EBITA Margin %	16.24	20.43	19.99	22.73	19.52
EBIT Margin %	16.24	20.43	19.98	22.72	19.51
Income From Continuing Operations Margin %	14.57	17.86	17.25	19.87	16.37
Net Income Margin %	13.56	16.61	16.01	18.18	14.93
Net Avail. For Common Margin %	13.55	16.44	15.85	18.04	14.79
Normalized Net Income Margin	10.45	12.87	12.52	13.23	11.61
Levered Free Cash Flow Margin	-10.73	0.75	7.57	-3.97	3.82
Unlevered Free Cash Flow Margin	-10.73	0.75	7.57	-3.97	3.82
Asset Turnover
Asset Turnover	1.16	1.14	1	1.01	0.88
Fixed Assets Turnover	207.2	255.03	171.88	149.38	152.15
Receivables Turnover (Average Receivables)	231.98	289.13	223.33	171.41	77.95
Inventory Turnover (Average Inventory)	1.02	0.94	0.83	0.8	0.72
Short Term Liquidity
Current Ratio	7.68	8.79	8.46	10.19	8.7
Quick Ratio	0.49	0.47	0.91	0.75	0.71
Operating Cash Flow to Current Liabilities	-0.53	0.52	1.03	0.12	0.78
Days Sales Outstanding (Average Receivables)	1.57	1.26	1.63	2.13	4.68
Days Outstanding Inventory (Average Inventory)	359.17	388.19	438.75	455.19	505.43
Average Days Payable Outstanding	9.15	12.24	14.45	11.6	17.39
Cash Conversion Cycle (Average Days)	351.59	377.21	425.93	445.73	492.72
Long Term Solvency
Total Debt/Equity	37.3	33.4	26.2	20.31	17.02
Total Debt / Total Capital	27.17	25.04	20.76	16.88	14.54
LT Debt/Equity	37.13	33.08	25.15	20.22	16.91
Long-Term Debt / Total Capital	27.05	24.8	19.93	16.8	14.45
Total Liabilities / Total Assets	35.96	32.83	28.84	24.53	23.74
Total Debt / EBITDA	1.46	1.02	0.98	0.71	0.79
Net Debt / EBITDA	1.12	0.81	0.48	0.42	0.42
Total Debt / (EBITDA - Capex)	1.47	1.03	1	0.72	0.8
Net Debt / (EBITDA - Capex)	1.13	0.81	0.49	0.42	0.42
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	43.73	25.3	1.13	18.07	-0.02
Gross Profit, 1 Yr. Growth %	54.26	44.46	4.81	28.34	-8.91
EBITDA, 1 Yr. Growth %	82.62	56.79	-0.75	34.31	-13.96
EBITA, 1 Yr. Growth %	85.77	57.61	-1.08	34.27	-14.15
EBIT, 1 Yr. Growth %	85.84	57.64	-1.08	34.28	-14.15
Earnings From Cont. Operations, 1 Yr. Growth %	73.5	53.63	-2.33	36.03	-17.65
Net Income, 1 Yr. Growth %	67.3	53.46	-2.49	34.06	-17.91
Normalized Net Income, 1 Yr. Growth %	69.67	54.38	-1.41	24.78	-12.27
Diluted EPS Before Extra, 1 Yr. Growth %	66.07	61.83	1.99	37.62	-16.33
Accounts Receivable, 1 Yr. Growth %	31.53	-23.04	101.06	30.34	188.51
Inventory, 1 Yr. Growth %	42.52	18.19	7.77	26.38	8.33
Net Property, Plant and Equip., 1 Yr. Growth %	20.79	-13.92	124.38	-3.61	-0.01
Total Assets, 1 Yr. Growth %	43.79	16.44	14.93	18.24	12.66
Tangible Book Value, 1 Yr. Growth %	29.22	22.7	23.59	25.94	14.82
Common Equity, 1 Yr. Growth %	29.15	22.66	23.55	25.91	14.8
Cash From Operations, 1 Yr. Growth %	-362.93	-198.15	135.28	-87.85	722.95
Capital Expenditures, 1 Yr. Growth %	-30.24	-0.64	287.77	-44.05	9.92
Levered Free Cash Flow, 1 Yr. Growth %	2.92K	-108.72	914.99	-161.83	-196.19
Unlevered Free Cash Flow, 1 Yr. Growth %	2.92K	-108.72	914.99	-161.83	-196.19
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	33.12	34.2	12.57	9.27	8.65
Gross Profit, 2 Yr. CAGR %	46.29	49.31	23.05	15.98	8.12
EBITDA, 2 Yr. CAGR %	75.93	69.28	24.75	15.46	7.5
EBITA, 2 Yr. CAGR %	78.52	71.18	24.86	15.25	7.36
EBIT, 2 Yr. CAGR %	78.61	71.23	24.87	15.25	7.36
Earnings From Cont. Operations, 2 Yr. CAGR %	78.28	63.27	22.5	15.26	5.84
Net Income, 2 Yr. CAGR %	80.08	60.23	22.33	14.33	4.9
Normalized Net Income, 2 Yr. CAGR %	70.9	61.9	23.27	10.92	4.62
Diluted EPS Before Extra, 2 Yr. CAGR %	79.08	63.94	28.47	18.48	7.31
Accounts Receivable, 2 Yr. CAGR %	20.65	0.61	24.39	61.88	93.92
Inventory, 2 Yr. CAGR %	26.39	29.78	12.86	16.71	17.01
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.36	1.97	38.98	47.07	-1.83
Total Assets, 2 Yr. CAGR %	27.44	29.4	15.68	16.57	15.42
Tangible Book Value, 2 Yr. CAGR %	25.79	25.92	23.15	24.76	20.25
Common Equity, 2 Yr. CAGR %	25.72	25.86	23.11	24.73	20.23
Cash From Operations, 2 Yr. CAGR %	104.67	60.65	51.97	-46.54	-0.02
Capital Expenditures, 2 Yr. CAGR %	-11.39	-16.75	96.29	47.29	-21.58
Levered Free Cash Flow, 2 Yr. CAGR %	83.59	62.05	-5.9	150.51	-22.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	83.59	62.05	-5.9	150.51	-22.88
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	31.03	30.46	22.12	14.37	6.08
Gross Profit, 3 Yr. CAGR %	32.88	45.68	32.7	24.79	7
EBITDA, 3 Yr. CAGR %	44	69.3	41.68	27.86	4.68
EBITA, 3 Yr. CAGR %	45.19	71.26	42.58	27.92	4.47
EBIT, 3 Yr. CAGR %	45.3	71.32	42.61	27.93	4.47
Earnings From Cont. Operations, 3 Yr. CAGR %	46.85	69.66	37.57	26.85	3.04
Net Income, 3 Yr. CAGR %	54.45	70.73	35.78	26.12	2.38
Normalized Net Income, 3 Yr. CAGR %	55.15	65.21	37.11	23.77	2.57
Diluted EPS Before Extra, 3 Yr. CAGR %	53.97	73.13	39.95	31.45	5.51
Accounts Receivable, 3 Yr. CAGR %	12.37	3.86	26.73	26.35	96.27
Inventory, 3 Yr. CAGR %	21.63	23.59	21.99	17.2	13.85
Net Property, Plant and Equip., 3 Yr. CAGR %	16.46	-6.38	32.63	23.02	29.32
Total Assets, 3 Yr. CAGR %	21.95	23.66	24.38	16.53	15.25
Tangible Book Value, 3 Yr. CAGR %	20.93	24.75	25.14	24.07	21.35
Common Equity, 3 Yr. CAGR %	20.86	24.69	25.09	24.03	21.33
Cash From Operations, 3 Yr. CAGR %	32.77	60.2	82.44	-34.54	32.98
Capital Expenditures, 3 Yr. CAGR %	-14.24	-7.94	39.03	29.18	33.6
Levered Free Cash Flow, 3 Yr. CAGR %	14.04	-33.28	198.71	-18.19	82.08
Unlevered Free Cash Flow, 3 Yr. CAGR %	14.04	-33.28	198.71	-18.19	82.08
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	29.11	30.85	23.31	21.53	16.54
Gross Profit, 5 Yr. CAGR %	32.77	34.56	28.86	32.98	22.26
EBITDA, 5 Yr. CAGR %	36.07	43	35.97	45.27	26.87
EBITA, 5 Yr. CAGR %	35.92	42.98	36.69	46.17	27.29
EBIT, 5 Yr. CAGR %	35.9	42.97	36.75	46.2	27.3
Earnings From Cont. Operations, 5 Yr. CAGR %	42.18	65.61	36.58	45.35	23.87
Net Income, 5 Yr. CAGR %	51.6	81.14	40.7	45.43	22.47
Normalized Net Income, 5 Yr. CAGR %	48.67	49.83	41.48	40.79	23.05
Diluted EPS Before Extra, 5 Yr. CAGR %	50.24	82.18	43.21	48.76	25.84
Accounts Receivable, 5 Yr. CAGR %	22.93	26.93	17.04	24.04	50.24
Inventory, 5 Yr. CAGR %	24.02	23.46	18.04	20.79	19.97
Net Property, Plant and Equip., 5 Yr. CAGR %	52.71	51.31	24.99	12.16	17.59
Total Assets, 5 Yr. CAGR %	21.32	22.06	19.4	20.78	20.72
Tangible Book Value, 5 Yr. CAGR %	16.51	19.46	21.81	24.76	23.16
Common Equity, 5 Yr. CAGR %	16.54	19.49	21.75	24.7	23.12
Cash From Operations, 5 Yr. CAGR %	80.27	38.18	40.14	3.28	43.43
Capital Expenditures, 5 Yr. CAGR %	34.62	68.3	19.43	11.1	10.57
Levered Free Cash Flow, 5 Yr. CAGR %	52.32	-12.07	5.82	13.26	73.79
Unlevered Free Cash Flow, 5 Yr. CAGR %	52.32	-12.07	5.82	13.26	73.79