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Green Brick Partners GRBK Builder operations — Gross Profit

Other segment segments

Homebuilders
$151.01M-15.0%
Corporate and Other
-$10.43M+7.1%
Land Subdivider and Developers
$4.7M+335%
Land development
$2.59M-41.5%

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Other financials

Income statement

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Revenue$493.8M-7.6%
Gross profit$157.5M-6.0%
Net income$74.2M-9.5%
EPS (diluted)$1.70-8.1%

Balance sheet

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Cash & equivalents$154.4M+5.9%
Total debt$7.8M-1.1%
Total equity$2.0B+14.5%
Total assets$2.6B+12.8%

Cash flow

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Operating cash flow$56.3M-18.2%
CapEx$963.0K+40.2%
Free cash flow$55.0M-19.1%

Valuation

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Market cap$3.07B+7.9%
Enterprise value$2.93B+8.0%
P/E10.6×+2.4×
P/S1.6×+0.2×

Profitability

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Gross margin30.6%-2.0pp
Operating margin9.6%
Net margin14.7%-1.9pp
FCF margin10.3%+6.1pp

Returns & leverage

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Return on equity15.7%-6.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Green Brick Partners in its filing.

Tagged under the XBRL concept us-gaap:GrossProfit.

The source filing: Green Brick Partners’s 10-K/A, filed May 11, 2026.

Filed
May 11, 2026, 4:12 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-033478
Line itemYears Ended December 31, 2025 / As RestatedYears Ended December 31, 2024 / As RestatedYears Ended December 31, 2023 / As Restated
Builder operations
Central$507,719$524,379$424,494
Southeast175,885215,002166,291
Total builder operations683,604739,381590,785
Land development2,5894,4283,268
Corporate, other and unallocated (2)(45,387)(40,288)(45,871)
Total gross profit$640,806$703,521$548,182
Segment expenses:

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Green Brick Partners's builder operations — gross profit?
Green Brick Partners (GRBK) reported builder operations — gross profit of $170.9M in Q4 2025.
How has Green Brick Partners's builder operations — gross profit changed year-over-year?
Green Brick Partners's builder operations — gross profit decreased by 7.5% year-over-year, from $184.85M to $170.9M.
What is the long-term trend for Green Brick Partners's builder operations — gross profit?
Over 4 years (2021 to 2025), Green Brick Partners's builder operations — gross profit has grown at a 15.7% compound annual growth rate (CAGR), from $381.98M to $683.6M.
What does builder operations — gross profit mean?
This metric measures the profitability of the builder operations segment after deducting the direct costs of construction and land development from the associated revenues. It serves as a key indicator of the company's ability to manage construction costs and pricing power in its homebuilding activities. A higher gross profit margin in this segment suggests efficient project execution and favorable market conditions.

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