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Green Brick Partners (GRBK) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Consumer Cyclical•Residential Construction
B
GoodMetricSide Score: 68/100
ProfitabilityProfit30/30
GrowthGrowth6/25
Balance SheetBalance23/25
Cash QualityCash9/20
Price & Volume
Market Cap $3.10B

Green Brick Partners, Inc, the third largest homebuilder in Dallas-Fort Worth, is a diversified homebuilding and land development company that operates in Texas, Georgia, and Florida. Green Brick owns five subsidiary homebuilders in Texas (CB JENI Homes, Normandy Homes, Southgate Homes, Trophy Signature Homes, and a 90% interest in Centre Living Homes), as well as a controlling interest in a homebuilder in Atlanta, Georgia (The Providence Group) and an 80% interest in a homebuilder in Port St. Lucie, Florida (GHO Homes). Green Brick also retains interests in related financial services platforms, including Green Brick Title, Green Brick Mortgage, and Green Brick Insurance. The Company is engaged in all aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, and sales for its residential neighborhoods and master-planned communities. Green Brick Partners Inc. is incorporated in 2006 in Delaware and based in Plano, Texas.

Moat Signals

Competitive analysis based on 59 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~20.5% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 20.4% suggests a durable competitive advantage and efficient capital allocation.

Risk Signals

Data-driven red flags and warnings across 59 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 16.0% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

D/E ratio is 0.1 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Healthy

Shares decreased 3.6% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$2.07B
3.9%
Q. Revenue
$465.49M
TTM EBITDA
$395.02M
19.0%
TTM Op. Income
$387.68M
19.3%
Q. Op. Income
$79.12M
TTM Net Income
$299.11M
19.9%
Q. Net Income
$60.95M
EPS
$1.4
Shares Out.
$43.15M
2.9%
$2.07B in TTM revenue declined 3.9% YoY, reaching $465.49M last quarter. TTM EBITDA of $395.02M and TTM operating income of $387.68M shows growth is flowing through. Net income of $299.11M TTM confirms the company is converting revenue into profit. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
28.3%
9.6%
EBITDA Margin
17.2%
Op. Margin
17.0%
16.2%
Net Margin
13.1%
13.2%
Op. margin of 17.0% is down 3.3% YoY — costs are rising relative to revenue. Net margin at 13.1% and gross margin of 28.3% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
10.4x
P/S Ratio
1.5x
P/B Ratio
1.6x
At 10.4x P/E, the stock trades below market averages — potentially undervalued. P/S of 1.5x and P/B of 1.6x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$2.53B
Cash
$144.93M
Long-Term Debt
$237.07M
Book Value
$1.92B
D/E Ratio
0.1
Debt/EBITDA
3.0
With $2.53B in assets and $237.07M in long-term debt, the D/E of 0.1and book value of $1.92B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$56.27M
TTM Free Cash Flow
$195.45M
118.4%
FCF Margin
9.5%
FCF / Net Income
0.7
TTM FCF of $195.45M on $56.27M in operating cash flow. The FCF / Net Income ratio of 0.7x indicates partial cash conversion — earnings quality needs attention.

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Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Moderate Moat

Revenue has grown modestly overall (~10.1%) but trajectory is uneven, suggesting a competitive or cyclical business.