Green Brick Partners (GRBK) Company Report

Green Brick Partners reported Q4 2025 net income of $78 million and diluted earnings per share of $1.78, contributing to full-year 2025 net income of $313 million and diluted earnings per share of $7.07.
The company achieved record Q4 home deliveries of 1,038 and record Q4 net orders of 883, though home building gross margin declined to 29.4% due to increased incentives, which reached 9.2% of residential unit revenue.
For the full year 2025, home closings revenue increased 1% to $2.1 billion on 3,943 home deliveries, a 4.2% increase year-over-year.
Green Brick Partners maintains a strong financial position with a net debt to total capital ratio of 8.2% and total liquidity of $520 million at year-end 2025. The company repurchased 1.4 million shares for approximately $83 million in 2025 and authorized a new $150 million share repurchase program.
The company's total lots owned and under contract increased 10% year-over-year to approximately 48,800, and its Green Brick Mortgage platform is expanding to new markets, aiming for a 75-85% capture rate by year-end.

2 days ago

Transcript

Green Brick Partners Reports Q4 and Full-Year 2025 Results

GRBK

Earnings

Share Buyback

New Projects/Investments

Green Brick Partners reported Q4 2025 net income of $78 million and diluted EPS of $1.78, achieving record Q4 deliveries of 1,038 homes and 883 net orders.
For the full year 2025, the company recorded record deliveries of 3,943 homes and home closings revenue of $2.1 billion, though home building gross margin decreased 330 basis points to 30.5%.
The company maintained a strong financial position with a net debt to total capital ratio of 8.2% and $520 million in total liquidity at the end of 2025.
Green Brick Partners repurchased 1.4 million shares for $83 million in 2025 and authorized a new $150 million share repurchase program in December.
Strategic growth initiatives include the expansion of the Trophy brand and the rollout of Green Brick Mortgage to new markets, contributing to a 10% year-over-year increase in total lots owned and under contract to 48,800.

2 days ago

Transcript

Green Brick Partners Announces Q4 2025 Financial Results

GRBK

Earnings

Share Buyback

New Projects/Investments

Green Brick Partners reported Q4 2025 diluted EPS of $1.78 on net income of $78.4 million , with home closings revenue of $550 million and homebuilding gross margins of 29.4%.
The company achieved a record for any fourth quarter with 883 net new home orders , and its quarter-end backlog revenue stood at $354 million on 520 units.
Green Brick Partners repurchased approximately 359 thousand shares for $23 million in Q4 2025 , maintained a debt-to-total-capital ratio of 14.7% , and reported $520 million in total liquidity.
Total lots owned and under contract increased 10% year over year to 48,828 , with operations in Dallas-Fort Worth and Atlanta generating approximately 87% of Q4 2025 revenues.

2 days ago

Presentation

Green Brick Partners Reports Q4 and Full-Year 2025 Results

GRBK

Earnings

Share Buyback

Demand Weakening

Green Brick Partners reported net income attributable to Green Brick of $78 million or $1.78 per diluted share for the fourth quarter ended December 31, 2025, with home closings revenue of $550 million.
The company delivered a record 1,038 homes and achieved a record 883 net orders in Q4 2025. For the full year 2025, deliveries increased 4.2% to 3,943 homes, generating $2.1 billion in home closings revenue.
Home building gross margin for Q4 2025 declined to 29.4% due to increased incentives, which rose to 10.2% for net new orders, but remained the highest among public home builders.
Green Brick Partners maintained a strong financial position with a net debt to total capital ratio of 8.2% and total liquidity of $520 million at year-end 2025. The company repurchased 359,000 shares for approximately $23 million in Q4 2025 and authorized a new $150 million share repurchase program.
Total lots owned and under contract increased by 10% year-over-year to approximately 48,800, with Trophy comprising about 70% of these lots, positioning the company for future growth.

2 days ago

Transcript

Green Brick Partners Reports Q4 2025 Earnings Beat and New Share Buyback

GRBK

Earnings

Share Buyback

Demand Weakening

Green Brick Partners reported full-year 2025 diluted EPS of $7.07 and a record 3,943 homes delivered, with fourth-quarter 2025 net income attributable of $78 million or $1.78 per diluted share.
The company exceeded analyst expectations for Q4 2025, with adjusted EPS of $1.78 and revenue of $552.61 million both topping estimates, resulting in a 3.5% after-hours stock lift.
Homebuilding gross margin in Q4 2025 declined to 29.4% due to increased incentives and product mix, though management noted margins remain high within the industry.
Green Brick Partners strengthened its balance sheet with $154.6 million in cash and $520 million in total liquidity, and authorized a new $150 million share repurchase program.

3 days ago

Morningstar

Green Brick Partners, Inc. Reports Record Q4 and Full Year 2025 Results

GRBK

Earnings

Share Buyback

Revenue Acceleration/Inflection

Green Brick Partners, Inc. reported diluted earnings per share of $1.78 and net income of $78 million for Q4 2025, with home closing revenue of $550 million and homebuilding gross margins of 29.4%.
For the full year 2025, the company achieved record new home deliveries of 3,943 and record home closings revenue of $2.091 billion, alongside diluted earnings per share of $7.07 and net income of $313 million.
The company repurchased 359 thousand shares for approximately $23 million in Q4 2025 and adopted a new $150 million share repurchase plan.
As of December 31, 2025, Green Brick Partners reported $154.6 million in cash and a net homebuilding debt-to-total capital ratio of 6.3%, reflecting strong liquidity.

3 days ago

8-K

Green Brick Partners Reports Record Fourth Quarter and Full Year 2025 Results

GRBK

Earnings

Share Buyback

Revenue Acceleration/Inflection

Green Brick Partners, Inc. reported record full-year 2025 results, including net income of $313 million and diluted earnings per share of $7.07. The company also achieved record home closings revenue of $2,091 million, 3,943 new home deliveries, and 3,795 net new home orders.
For the fourth quarter of 2025, net income was $78 million with $1.78 diluted earnings per share, and home closings revenue reached $550 million.
The company maintained strong profitability with full-year 2025 homebuilding gross margins of 30.5% and Q4 2025 margins of 29.4%.
As of December 31, 2025, Green Brick Partners reported $154.6 million in cash and $520 million in total liquidity, alongside the adoption of a new $150 million share repurchase plan.

3 days ago

Press Release

Green Brick Partners Discusses Q3 2025 Performance and Strategic Outlook

GRBK

New Projects/Investments

Guidance Update

Green Brick Partners (GRBK) reported Q3 2025 results including 953 home closings and a 4% year-over-year decline in average selling price to $524,000, alongside a record 898 new orders for the quarter.
The company maintained industry-leading gross margins in the 30s for the 11th consecutive quarter and a low cancellation rate of 7%, significantly outperforming the peer average of 14%.
GRBK's strategy involves a contrarian builder-developer model focused on acquiring and developing land in A and B locations, with 41,000 lots owned and controlled, and a commitment to a conservative balance sheet targeting net debt to capital below 20%.
Strategic growth initiatives include scaling the Trophy Signature Homes brand in DFW, Austin, and Houston, and expanding its wholly-owned mortgage company, which launched in December 2024 and will become a separate reporting segment in the next year.

Nov 19, 2025, 10:00 PM

Transcript

Green Brick Partners Discusses Q3 2025 Results and Strategic Growth Initiatives

GRBK

Earnings

Guidance Update

New Projects/Investments

Green Brick Partners reported 953 home closings and a record 898 new orders in Q3 2025, with the average selling price declining 4% to $524,000.
The company continues to achieve industry-leading gross margins of 31.1% in Q3 2025, significantly outperforming the peer average of 20.2%.
Key strategic advantages include a focus on infill and infill-adjacent locations in high-growth "Sandbelt states," a traditional builder-developer land strategy with 41,000 owned and controlled lots, and a low cancellation rate of 7%.
Future growth is driven by scaling the Trophy Signature Homes brand in DFW, Austin, and Houston, and expanding its wholly-owned mortgage company.
GRBK maintains a conservative balance sheet with a target net debt to capital ratio not exceeding 20%.

Nov 19, 2025, 10:00 PM

Transcript

Green Brick Partners Announces Q3 2025 Results

GRBK

Earnings

Share Buyback

Guidance Update

Green Brick Partners reported diluted EPS of $1.77 on net income of $77.9 million for Q3 2025.
Home closings revenue for Q3 2025 was $499 million, a 4.6% decrease year over year.
Homebuilding gross margins decreased by 160 basis points year over year to 31.1% in Q3 2025, marking the tenth consecutive quarter above 30%.
Net new home orders increased 2.4% year over year to a record 898 for any third quarter.
The company ended the quarter with a debt-to-total-capital ratio of 15.8% and repurchased approximately 1 million shares for $60 million year-to-date through September.