Green Brick Partners, Inc.
- Open
- 79.25
- Day high
- 80.40
- Day low
- 78.65
- Prev close
- 80.04
- Volume
- 160K
- Mkt cap
- $3.4B
- P/E (TTM)
- 11.6
- EPS (TTM)
- $6.82
- P/B
- 1.8
- P/S
- 1.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$353K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
Green Brick Partners, Inc. (GRBK) is a Consumer Cyclical company listed on NYSE. The stock is up 23% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Green Brick Partners, Inc. (GRBK) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GRBK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $1.24 | $1.39 | +12.1% | $456M | +7.6% |
| Feb 26, 2026 | $1.62 | $1.78 | +9.9% | $553M | +15.7% |
| Oct 29, 2025 | $1.43 | $1.77 | +23.8% | $499M | +4.5% |
| Jul 30, 2025 | $1.64 | $1.85 | +12.8% | $549M | +29.6% |
| Apr 30, 2025 | $1.76 | $1.67 | -5.1% | $498M | +1.2% |
| Feb 26, 2025 | $2.06 | $2.31 | +12.1% | $567M | +1.8% |
| Jul 31, 2024 | $1.77 | $2.32 | +31.1% | $561M | +11.5% |
| May 1, 2024 | $1.51 | $1.82 | +20.5% | $447M | +1.7% |
| Feb 29, 2024 | $1.77 | $1.58 | -10.7% | $450M | +6.3% |
| Oct 31, 2023 | $1.45 | $1.56 | +7.6% | $419M | -5.8% |
| Aug 2, 2023 | $1.15 | $1.63 | +41.7% | $456M | +3.0% |
| May 3, 2023 | $0.66 | $1.37 | +107.6% | $452M | +84.0% |
GRBK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | PARK ERIC JOHNofficer: Chief Accounting Officer | Grant | 1,375 | — |
| Jun 11, 2026 | Press Richard Sdirector | Sell | 2,000 | $70.58 |
| Jun 11, 2026 | Press Richard Sdirector | Sell | 3,000 | $70.59 |
| Mar 27, 2026 | Dolson Jedofficer: President and COO | Grant | 12,816 | — |
| Mar 27, 2026 | Brickman James R.director, officer: Chief Executive Officer | Grant | 16,917 | — |
| Mar 27, 2026 | SAMUEL BOBBY L IIIofficer: EVP of Land | Grant | 2,563 | — |
| Mar 27, 2026 | Suit Neal Jofficer: General Counsel & EVP | Grant | 4,357 | — |
| Mar 27, 2026 | COX JEFFERY DEANofficer: CFO | Grant | 3,332 | — |
| Mar 9, 2026 | SAMUEL BOBBY L IIIofficer: EVP of Land | Option | 4,378 | — |
| Mar 9, 2026 | COX JEFFERY DEANofficer: CFO | Option | 235 | — |
| Mar 9, 2026 | SAMUEL BOBBY L IIIofficer: EVP of Land | Tax | 3,058 | $70.26 |
| Mar 9, 2026 | SAMUEL BOBBY L IIIofficer: EVP of Land | Option | 4,524 | — |
| Mar 9, 2026 | COX JEFFERY DEANofficer: CFO | Tax | 93 | $70.26 |
| Mar 5, 2026 | COX JEFFERY DEANofficer: Interim CFO | Option | 977 | — |
| Mar 5, 2026 | COX JEFFERY DEANofficer: Interim CFO | Tax | 385 | $72.40 |
Source: GRBK SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full GRBK insider & 13F page →Green Brick Partners, Inc. company profile
Overview
Green Brick Partners, Inc. (NASDAQ:GRBK) is a homebuilding and land development company founded in 2006 and headquartered in Plano, Texas. The company went public in 2007 and has grown from a small regional builder to a significant player in the residential construction industry. Over its public history, Green Brick has expanded from 200 to 650 employees and grown its land inventory from 4,700 to over 37,800 lots. The company operates primarily in high-growth markets including Dallas-Fort Worth, Atlanta, Austin, Houston, and select Florida markets, focusing on infill and infill-adjacent locations where land is scarce and demand remains strong.
Business
Green Brick Partners operates in the residential construction industry, which involves building single-family homes for sale to individual homeowners. The company's business spans the entire homebuilding value chain, from raw land acquisition through home sales and closing services. The company operates through three main business segments. Builder Operations Central represents the majority of revenue, encompassing homebuilding activities in Texas markets including Dallas-Fort Worth, Austin, and Houston. Builder Operations Southeast covers operations in Atlanta, Georgia and select Florida markets along the Treasure Coast. The Land Development segment focuses on acquiring raw land, obtaining entitlements (government approvals for development), and developing infrastructure to create finished lots ready for home construction. Green Brick's product portfolio includes townhomes, patio homes, single-family homes, and luxury homes across various price points. The company operates under multiple brand names, with its Trophy Signature Homes brand representing approximately 46-54% of total home closings by volume. Trophy focuses on higher-end homes and has been a key growth driver, expanding from just 33 closings in 2019 to over 1,300 closings by 2023. A key differentiator is Green Brick's self-development strategy - the company owns approximately 86% of its land on its balance sheet and self-develops over 95% of its lots. This vertical integration allows greater control over costs, timing, and quality compared to builders who purchase finished lots from third-party developers. The company's land portfolio includes over 37,800 lots owned and controlled, with 92% located in Texas, 5% in Georgia, and 3% in Florida.
Revenue model
Green Brick generates revenue primarily through direct home sales to individual homebuyers. The company builds homes on speculation (spec homes) and also takes custom orders, then sells these completed homes through sales representatives and independent realtors. In 2024, the company closed 3,783 homes generating $2.07 billion in revenue, with an average selling price of approximately $547,000. The company's customers are primarily first-time and move-up homebuyers, particularly targeting Millennials and Generation Z buyers seeking homeownership in desirable suburban locations. Green Brick focuses on providing "attainable homeownership" through various product types and price points, though their average selling prices position them in the middle-to-upper-middle market segment. Green Brick's profitability is driven by several factors. Gross margin expansion has been a key focus, with homebuilding gross margins reaching record levels of 33.8% in 2024, significantly higher than industry averages. This superior margin profile stems from their strategic focus on infill locations where land is scarce and demand exceeds supply, allowing for premium pricing. Several factors influence the company's margins and profitability. Interest rate movements significantly impact demand, as higher mortgage rates reduce affordability and buying power. Material and labor costs directly affect construction expenses, though Green Brick has demonstrated ability to pass through cost increases to buyers in strong markets. Land acquisition costs represent a major input, though the company's self-development strategy and focus on wholesale land purchases in master-planned communities help control these expenses. Regulatory and permitting processes can impact development timelines and costs, particularly in infill locations where zoning and approval processes may be more complex. Economic conditions and employment levels in their core markets directly influence housing demand, with Green Brick benefiting from strong job growth in Texas and Georgia metropolitan areas.
Competitive moat
Green Brick Partners possesses a moderate but meaningful competitive moat based primarily on its strategic land position and operational expertise in infill development. The company's strongest defensive characteristic is its land inventory in supply-constrained infill locations. With over 37,800 lots owned and controlled, predominantly in high-growth metropolitan areas where new land for development is increasingly scarce, Green Brick has secured a multi-year pipeline of desirable home sites that competitors cannot easily replicate. The company's self-development capabilities create operational advantages and cost control that many competitors lack. By managing the entire process from raw land acquisition through lot development, Green Brick can optimize timing, control quality, and capture development margins that would otherwise go to third-party land developers. This vertical integration requires significant expertise in entitlements, municipal relationships, and development execution that takes years to build. Relationships with municipalities and local officials in their core markets provide another competitive advantage, particularly important for navigating complex zoning and permitting processes in infill locations. These relationships, built over years of successful projects, can accelerate approval timelines and facilitate access to desirable development opportunities. However, Green Brick's moat faces several challenges. The homebuilding industry remains highly fragmented and competitive, with numerous local, regional, and national builders competing for market share. Barriers to entry are relatively low for well-capitalized competitors, and the company faces competition from both public homebuilders and private builders in their markets. Cyclical market conditions can quickly erode competitive advantages, as demonstrated by interest rate sensitivity affecting demand regardless of land position. Additionally, the company's geographic concentration in Texas (92% of lots) creates vulnerability to regional economic downturns or policy changes that could affect multiple markets simultaneously.
Risks & safety
Green Brick Partners demonstrates a strong margin of safety with excellent financial positioning and conservative capital structure. • Liquidity and Solvency: Current ratio of 9.78x provides substantial liquidity cushion. Cash and short-term investments of $103 million plus strong operating cash flow generation support operations. Debt-to-equity ratio of just 0.88% indicates minimal leverage risk. • Debt Management: Total debt represents only 17.2% of total capital with 93% fixed-rate debt at attractive 3.3% weighted average interest rate, providing protection against rising rates. • Valuation Metrics: Trading at 8.6x trailing P/E ratio and 6.1x EV/EBITDA, suggesting reasonable valuation relative to earnings power. Graham number of $38.03 compared to current price provides traditional value perspective. • Profitability: Strong return on equity of 23.5% in 2024 and consistently profitable operations with 34% compound annual growth in pre-tax income over 2015-2024 period demonstrate earnings quality. • Asset Quality: Current assets of $2.13 billion primarily consisting of land inventory and homes under construction represent tangible, saleable assets providing downside protection.
Recent development
Green Brick Partners has executed several key strategic initiatives over the past few years to drive growth and market expansion. The company has significantly expanded its Trophy Signature Homes brand, which has grown from 33 closings in 2019 to representing 46-54% of total home closings by 2024. Trophy focuses on higher-end homes and has been successfully expanded into new markets including Austin and Houston, with plans for continued geographic expansion. The company has pursued an aggressive land acquisition strategy, increasing land spending from $425 million in 2023 to a targeted $700 million in 2024. This expansion has grown their controlled lot inventory from approximately 4,700 lots to over 37,800 lots, providing a multi-year pipeline for future growth. The strategy emphasizes acquiring land in infill and infill-adjacent locations where supply constraints support premium pricing. Geographic expansion has been another key focus, with Green Brick entering the Austin market and expanding into Houston. The company has also maintained its presence in Atlanta and select Florida markets, though Texas represents 92% of their lot inventory. This expansion strategy targets high-growth metropolitan areas with strong demographic trends and job growth. Green Brick has enhanced its vertical integration by establishing a wholly-owned mortgage company, Green Brick Mortgage, providing additional service capabilities and potential revenue streams. The company has also invested heavily in land development capabilities, with 95% of lots now self-developed compared to purchasing finished lots from third parties. The company has implemented capital allocation strategies including share buyback programs, with $100 million authorized and $38.3 million repurchased in Q1 2025. Management has maintained focus on maintaining strong margins through operational efficiency improvements and strategic market positioning.
GRBK company profile · for informational purposes only — not investment advice.
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