Green Brick Partners vs Legacy Housing
Green Brick Partners is the larger business, with $2.04bn of revenue in fiscal 2025 against $165m for Legacy Housing (12.4 times as much). Green Brick Partners grew faster (-1.0% against -10.7%). Legacy Housing kept more of each dollar of sales as profit: a net margin of 25.4% against 15.4%. Legacy Housing carries less debt relative to equity (0.2% against 17.4%).
| Latest fiscal year | Green Brick PartnersGRBK, 2025 | Legacy HousingLEGH, 2025 |
|---|---|---|
| Revenue | $2.04bn | $165m |
| Revenue growth | -1.0% | -10.7% |
| Net income | $313m | $41.8m |
| Operating margin | — | 29.4% |
| Net margin | 15.4% | 25.4% |
| Return on equity | 18.0% | 8.2% |
| Free cash flow | $208m | $28.2m |
| Cash | $155m | $8.5m |
| Total debt | $323m | $1.2m |
| Debt to equity | 17.4% | 0.2% |
| Dividend per share | — | — |
| Dividend yield | 0.1% | — |
| Share buybacks | $83.8m | $7.6m |
| Employees | 620 | 592 |
| Market value | $2.64bn | $732m |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 65 (Moderate) | 69 (Moderate) |
| Insider trades, 12 months | 0 buys, 3 sales | 0 buys, 0 sales |