/
Green Brick Partners, Inc. and its subsidiaries ( Green Brick , the Company , we or us ) is a diversified homebuilding and land development company. We acquire and develop land and build homes through our seven brands of builders in three major markets.
Margins and capital returns are both well above average: 20.07% operating margin, ROIC at 15.12%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 1.0% YoY. Margins deteriorated 3.1pp alongside, both lines moving the wrong way.
ROIC dropped from 21.04% to 15.12%, capital efficiency is deteriorating. Operating margin contracted 3.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2.02B
▼ -1.0% YoY
Net Income (TTM)
$299M
▼ -17.9% YoY
Op. Margin
19.11%
▼ -3.1pp YoY
ROIC
13.96%
▼ -5.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$195M
▲ +867.4% YoY
Op. Cash Flow (TTM)
$201M
▲ +723.0% YoY
Net Debt
$100M
Cash & Equiv.
$145M
5Y CAGR: +15.9%
5Y CAGR: +45.3%
Continue Research