Green Brick Partners, Inc. key statistics and ratios

In fiscal 2025, Green Brick Partners, Inc. had return on equity of 18.0%, a net margin of 15.4% and debt equal to 17.4% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Green Brick Partners, Inc.: financial ratios, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Gross margin	28.7%	23.7%	21.4%	22.4%	25.9%	24.7%	21.4%	24.0%	25.8%	29.8%	31.3%	34.1%	31.4%	29.2%
Operating margin	19.8%	14.5%	11.1%	12.6%	13.1%	11.5%	—	—	—	—	—	—	—	—
Net margin	15.8%	20.3%	5.3%	6.1%	3.3%	8.3%	7.4%	11.6%	13.6%	16.6%	16.3%	18.5%	15.4%	14.2%
Free-cash-flow margin	−24.7%	0.5%	−15.7%	−1.4%	−4.0%	−6.8%	−3.1%	3.3%	−6.7%	5.0%	11.7%	1.0%	10.2%	3.6%
Return on equity	16.9%	27.7%	5.8%	6.4%	3.7%	11.7%	11.8%	19.5%	25.1%	30.1%	24.1%	26.1%	18.0%	14.1%
Return on assets	11.9%	15.0%	3.5%	4.7%	2.6%	7.4%	7.1%	12.2%	15.8%	19.0%	16.0%	18.4%	13.1%	10.5%
Asset turnover	0.75	0.74	0.67	0.77	0.80	0.89	0.95	1.05	1.16	1.14	0.98	0.99	0.85	0.74
Current ratio	3.38	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt to equity	9.1%	110.7%	29.2%	19.5%	25.4%	42.8%	31.5%	51.1%	38.9%	36.7%	27.1%	22.3%	17.4%	—
Interest cover (operating income ÷ interest)	127.4x	25.6x	114.9x	—	—	—	—	—	—	—	—	—	—	—
Effective tax rate	0.7%	—	26.4%	30.4%	60.8%	21.0%	23.7%	17.5%	20.5%	20.8%	21.6%	18.5%	21.6%	21.9%
SG&A as % of revenue	3.3%	4.0%	4.7%	9.9%	12.8%	12.8%	12.4%	11.5%	9.6%	9.3%	11.0%	11.0%	11.3%	11.7%
Capital spending as % of revenue	0.0%	0.2%	0.1%	0.1%	0.0%	0.5%	0.3%	0.3%	0.1%	0.1%	0.4%	0.2%	0.2%	0.3%
Free cash flow ÷ net income	−156.2%	2.5%	−298.3%	−22.4%	−121.3%	−82.7%	−42.0%	28.4%	−49.6%	30.4%	72.2%	5.6%	66.5%	25.7%
Dividends ÷ net income	—	—	—	—	—	—	—	0.0%	0.0%	1.0%	1.0%	0.8%	0.9%	1.1%
Dividends and buybacks ÷ free cash flow	—	—	—	—	—	—	—	0.0%	—	117.6%	23.7%	238.1%	41.6%	86.5%

US$ thousands unless shown otherwise. Fiscal quarters.

Green Brick Partners, Inc.: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Gross margin	34.9%	32.2%	31.0%	31.6%	31.3%	28.3%	29.4%	27.3%
Net margin	18.7%	15.5%	15.2%	15.8%	15.1%	13.1%	15.0%	13.2%
Free-cash-flow margin	5.0%	14.0%	13.7%	−2.4%	15.1%	11.8%	−2.0%	−12.0%
Debt to equity	20.9%	—	—	—	17.4%	—	—	—
SG&A as % of revenue	10.9%	10.9%	10.6%	11.2%	12.8%	11.3%	11.0%	11.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

0 of 0 checks passed · September 30, 2026

Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Green Brick Partners, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

65 /100

Moderate moat

How hard Green Brick Partners's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 18 / 20

Net income has been a median 11.1% of total assets over 10 years.
Pricing power 8 / 20

Gross margin has been a median 27.7%, moving by 4.2 percentage points (standard deviation) across 10 years.
Durability 13 / 20

Operating margin has been a median 13.1%; its worst year was 9.6%.
Cash conversion 5 / 20

Free cash flow was positive in 5 of 10 years, at a median 0.7% of revenue.
Discipline 20 / 20

The diluted share count fell 15.0% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Green Brick Partners, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Green Brick Partners, Inc.