/GRBKFinancial History
Annual Financials
| Fiscal Year | Revenue | Gross Profit | Gross Margin | Net Income | EPS (Diluted) | Total Assets | Total Equity |
|---|---|---|---|---|---|---|---|
| FY2025 | $2.1B | $641M | 30.5% | $344M | $7.07 | $2.5B | $1.9B |
| FY2024 | $2.1B | $704M | 33.5% | $417M | $8.45 | $2.2B | $1.6B |
| FY2023 | $1.8B | $548M | 30.8% | $307M | $6.14 | $1.9B | $1.3B |
| FY2022 | $1.8B | $523M | 29.8% | $314M | $6.02 | $1.7B | $1.1B |
| FY2021 | $1.4B | $362M | 25.8% | $204M | $3.72 | $1.4B | $875M |
| FY2020 | $976M | $235M | 24.0% | $118M | $2.24 | $989M | $640M |
| FY2019 | $792M | $169M | 21.4% | $64M | $1.16 | $876M | $523M |
| FY2018 | $624M | $130M | 20.9% | $52M | $1.02 | $784M | $468M |
| FY2017 | $454M | $98M | 21.7% | $15M | $0.30 | $612M | $416M |
| FY2016 | $380M | $86M | 22.7% | $24M | $0.49 | $541M | $385M |
| FY2015 | $291M | $67M | 23.2% | $15M | $0.38 | $474M | $360M |
| FY2014 | $246M | $63M | 25.5% | $50M | $3.40 | $400M | $172M |
Builder Operating KPIsExtracted from earnings releases
| Period | Orders | Closings | Cancel % | Backlog | Backlog $ | ASP | Communities | Lots Owned | Lots Ctrl | Inventory | Specs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q4 FY2025 | 883 | 1,038 | 7.6% | 520 | $354M | $530K | 101 | 37,023 | 32,716 | — | — |
| Q3 FY2025 | 898 | 953 | 6.7% | 675 | $466M | $524K | 103 | — | 5,115 | — | — |
| Q2 FY2025 | 908 | 1,042 | 9.9% | 730 | $516M | $525K | 102 | — | 5,115 | — | — |
| Q1 FY2025 | 1,106 | 910 | 6.1% | 864 | $594M | $544K | 104 | — | 5,115 | — | — |
| Q4 FY2024 | 878 | 1,019 | 7.8% | 668 | $496M | $547K | 106 | 37,831 | 23,801 | — | — |
| Q3 FY2024 | 877 | 956 | 8.5% | 809 | $582M | $547K | 105 | — | 23,801 | — | — |
| Q2 FY2024 | 855 | 987 | 9.2% | 889 | $650M | $554K | 101 | — | 23,801 | — | — |
| Q1 FY2024 | 1,071 | 821 | 4.1% | 1,020 | $725M | $540K | 94 | — | 23,801 | — | — |
| Q4 FY2023 | 679 | 825 | 7.2% | 770 | $555M | $544K | 89 | 23,801 | 4,880 | — | — |
| Q3 FY2023 | 788 | 754 | 6.1% | 916 | $623M | $552K | 86 | — | 21,481 | — | — |
| Q2 FY2023 | 822 | 783 | 7.4% | 882 | $586M | $580K | 83 | — | 21,481 | — | — |
| Q1 FY2023 | 1,067 | 761 | 6.2% | 843 | $551M | $591K | 80 | — | 21,481 | — | — |
| Q4 FY2022 | 423 | 727 | 20.3% | 537 | $369M | $590K | 77 | 21,481 | 4,046 | — | — |
| Q3 FY2022 | 404 | 650 | 17.6% | 841 | $564M | $607K | 76 | — | 8,382 | — | — |
| Q2 FY2022 | 545 | 881 | 11.4% | 1,087 | $710M | $580K | 77 | — | 8,382 | — | — |
| Q1 FY2022 | 601 | 658 | 8.0% | 1,423 | $867M | $552K | 75 | — | 8,382 | — | — |
| Q4 FY2021 | 476 | 823 | 12.3% | 1,480 | $870M | $461K | 77 | 20,239 | 8,382 | — | — |
| Q3 FY2021 | 689 | 738 | 6.9% | 1,827 | $1.0B | $458K | 84 | — | 5,548 | — | — |
| Q2 FY2021 | 604 | 757 | 7.6% | 1,876 | $974M | $439K | 89 | — | 5,548 | — | — |
| Q1 FY2021 | 1,082 | 516 | 6.0% | 2,029 | $996M | $419K | 96 | — | 5,548 | — | — |
Source: SEC 8-K earnings releases, extracted via regex with provenance tracking. Showing most recent 20 quarters.
Management Sentiment Analysis
Scored from earnings release language using ML analysis. Range: -1.0 (negative) to +1.0 (positive).
Current Posture
Q4 FY2025
Score: +0.35
Record net new home orders and highest year on record for deliveries indicate strong demand despite affordability challenges and slight price declines.
Gross margins declined by 330-490 bps due to increased incentives (~10%) and cost pressures, though margins remain industry-leading.
No explicit labor issues mentioned; stable operations and delivery growth imply manageable labor conditions.
Strong land position with growing lot supply and self-development strategy supports margins and growth, despite some lots held for future development.
Management expresses confidence with record results, strong liquidity, share repurchases, and a disciplined capital strategy despite market headwinds.
Affordability challenges, softening consumer confidence, and market headwinds present moderate risks acknowledged by management.
Recent Trend
Sentiment for Green Brick Partners, Inc. has trended positively from cautious optimism in Q2 FY2025 to a more optimistic stance in Q3, before settling back to cautious optimism in Q4. Demand remained robust throughout, with record net new home orders and steady sales velocity, while margins faced consistent pressure from increased incentives and pricing adjustments but stayed industry-leading. Management’s confidence strengthened over the period, supported by a strong land position and financial resilience, even as affordability challenges and market headwinds continued to pose moderate risks.
Builder vs. Industry Sentiment
Orange = GRBK · Gray = Industry average (Q1 FY2026)