Green Brick Partners (GRBK) financial statements
Green Brick Partners reported revenue of $2.0B in fiscal 2025, up 20.1% a year over 9 years.
Net income was $313M.
Free cash flow was $208M, and the company returned $3M in dividends and $84M in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Green Brick Partners's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $391M | $458M | $624M | $792M | $976M | $1.4B | $1.8B | $1.7B | $2.1B | $2.0B |
| Cost of revenue | $303M | $340M | $469M | $623M | $741M | $1.0B | $1.2B | $1.2B | $1.4B | $1.4B |
| Gross profit | $88M | $118M | $154M | $169M | $235M | $362M | $523M | $548M | $704M | $641M |
| Selling, general and admin | $39M | $58M | $80M | $98M | $112M | $134M | $164M | $193M | $227M | $231M |
| Operating income | $49M | $60M | $72M | — | — | — | — | — | — | — |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Pre-tax income | $51M | $64M | $82M | $84M | $143M | $257M | $396M | $391M | $512M | $438M |
| Income tax | $15M | $39M | $17M | $20M | $25M | $53M | $82M | $85M | $95M | $95M |
| Net income | $24M | $15M | $52M | $59M | $114M | $190M | $292M | $285M | $382M | $313M |
| EPS (diluted) | $0.49 | $0.30 | $1.02 | $1.16 | $2.24 | $3.72 | $6.02 | $6.14 | $8.45 | $7.07 |
| Diluted shares | 49M | 50M | 51M | 51M | 51M | 51M | 48M | 46M | 45M | 44M |
| Gross margin | 22.4% | 25.9% | 24.7% | 21.4% | 24.0% | 25.8% | 29.8% | 31.3% | 34.1% | 31.4% |
| Operating margin | 12.6% | 13.1% | 11.5% | — | — | — | — | — | — | — |
| Net margin | 6.1% | 3.3% | 8.3% | 7.4% | 11.6% | 13.6% | 16.6% | 16.3% | 18.5% | 15.4% |
Balance sheet
Fiscal years, from Green Brick Partners's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $35M | $37M | $38M | $33M | $19M | $77M | $77M | $180M | $142M | $155M |
| Property, plant and equipment | $892,000 | $804,000 | $5M | $4M | $4M | $3M | $3M | $7M | $7M | $6M |
| Goodwill | — | $0 | $680,000 | $680,000 | $680,000 | $680,000 | $680,000 | $680,000 | $680,000 | $680,000 |
| Total assets | $541M | $611M | $784M | $876M | $989M | $1.4B | $1.7B | $1.9B | $2.2B | $2.5B |
| Total liabilities | $139M | $178M | $290M | $326M | $326M | $511M | $544M | $549M | $552M | $602M |
| Shareholders' equity | $385M | $416M | $468M | $523M | $640M | $875M | $1.1B | $1.3B | $1.6B | $1.9B |
| Net debt | -$35M | -$37M | -$38M | -$33M | -$19M | -$77M | -$77M | -$180M | -$142M | -$155M |
Cash flow
Fiscal years, from Green Brick Partners's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5M | -$18M | -$39M | -$22M | $35M | -$92M | $91M | $213M | $26M | $213M |
| Capital spending | $458,000 | $149,000 | $3M | $3M | $3M | $2M | $2M | $8M | $4M | $5M |
| Free cash flow | -$5M | -$18M | -$43M | -$25M | $32M | -$94M | $89M | $206M | $22M | $208M |
| Stock-based compensation | $1M | $3M | $2M | $2M | $2M | $3M | $3M | $7M | $8M | $12M |
| Dividends paid | — | — | — | — | $0 | $0 | $3M | $3M | $3M | $3M |
| Share buybacks (net) | $0 | $0 | -$981,000 | -$2M | $0 | $0 | -$101M | -$46M | -$48M | -$84M |
| Free cash flow margin | -1.4% | -4.0% | -6.8% | -3.1% | 3.3% | -6.7% | 5.0% | 11.7% | 1.0% | 10.2% |
| Dividends per share | — | — | — | — | — | — | $0.06 | $0.06 | $0.06 | $0.07 |
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Open GRBK in InvestinglyQuestions
What was Green Brick Partners's revenue in 2025?
$2.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Green Brick Partners generate?
$208M in fiscal 2025 (operating cash flow minus capital spending).
From Green Brick Partners's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.