GRBK
Green Brick Partners, Inc.
Next earnings Jul 28, 2026 · consensus $1.45 EPS, $483M rev
Last earnings -4.9% on 2026-02-25
$80.24
▲ +0.39%$80.24▲ +32.13%
over 1Y
L $60.73EODHDH $80.59
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.4%
1W+9.0%
1M+17.8%
3M+29.6%
YTD+26.9%
1Y+32.1%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 9 analysts
Sell
Cheap, debt-light Texas/Florida builder trading at 11.3x earnings with 16.8% ROE and pristine 0.32x leverage despite cyclical headwinds.
The read
The fundamentals carry the rating, but the price is rich (~25% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Green Brick is a high-quality homebuilder being priced like a mediocre one. The fundamentals are exceptional for the sector: FY2025 net margin of 14.9%, ROE of 16.8%, and a fortress balance sheet with $1.86B equity against just $602M total liabilities (0.32x leverage). Operating cash flow surged to $213M (+723% YoY), and management is returning capital aggressively — $83.8M in buybacks (up 73%) reduced share count 3.0%. At $80.22, the stock trades at just 11.3x FY diluted EPS of $7.07 and 1.6x sales, which is undemanding for a business compounding book value at a mid-teens clip (retained earnings up 17.6% to $1.57B).
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.40B | $1.76B | $1.78B | $2.10B | $2.10B |
| Gross profit | $362M | $523M | $548M | $704M | $641M |
| Operating income | — | — | — | — | — |
| Net income | $190M | $292M | $285M | $382M | $313M |
| Diluted EPS | $3.72 | $6.02 | $6.14 | $8.45 | $7.07 |
| Net margin | 13.6% | 16.6% | 16.0% | 18.2% | 14.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$3.77B
EV / EBITDA49.0
EV / Sales1.8
EV / FCF18.1
P / FCF16.6
PEG (trailing)—
Earnings yield9.0%
FCF yield6.0%
Quality & risk
ROIC (est.)2.4%
Free cash flow$208M
Total debt$494M
Net cash-$303M
Altman Z-Score5.24 safe
Piotroski F-Score4/9
Capital returns
Buyback yield2.4%
Dividend yield (est.)0.1%
Shareholder yield2.5%
Shares Δ YoY-3.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Officer / director change2026-06-11
Executive/director change announced (Item 5.02); succession but no financial impact.
- DEF 14A Proxy statement2026-05-22
2026 proxy: director slate, say-on-pay, auditor ratification — routine governance.
- 10-Q Quarterly report2026-05-11
Second 10-K/A amending FY25 financials — confirms restatement scope from Item 4.02.
- 10-K/A Restated periodic report2026-05-11
Second 10-K/A amending FY25 financials — confirms restatement scope from Item 4.02.
- 10-K/A Restated periodic report2026-04-30
First 10-K/A amending FY25 annual report; tied to non-reliance disclosure.
- 8-K Acquisition / disposition2026-04-29
Non-reliance on prior financials (Item 4.02): restatement flagged, audit credibility hit.
- 8-K Reg FD disclosure2026-04-29
Non-reliance on prior financials (Item 4.02): restatement flagged, audit credibility hit.
- 8-K Restatement (non-reliance)2026-04-29
Non-reliance on prior financials (Item 4.02): restatement flagged, audit credibility hit.
- 8-K Earnings results2026-02-25
FY25 10-K: deliveries +4.2% but ASP -3.1%, gross margin 30.5% vs 33.8%, backlog -28.5%.
Recent filings
all on EDGAR ↗4Period ending 2026-06-152026-06-15open ↗3Period ending 2026-06-082026-06-15open ↗4Period ending 2026-06-092026-06-11open ↗8-KPeriod ending 2026-06-082026-06-11open ↗144Filing2026-06-09open ↗ARS/APeriod ending 2025-12-312026-05-22open ↗DEFA14AFiling2026-05-22open ↗DEF 14APeriod ending 2025-12-312026-05-22open ↗10-QPeriod ending 2026-03-312026-05-11open ↗10-K/APeriod ending 2025-12-312026-05-11open ↗10-K/APeriod ending 2025-12-312026-04-30open ↗8-KPeriod ending 2026-04-292026-04-29open ↗
Frequently asked
- Is Green Brick Partners, Inc. (GRBK) a buy?
- GRBK currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Cheap, debt-light Texas/Florida builder trading at 11.3x earnings with 16.8% ROE and pristine 0.32x leverage despite cyclical headwinds.
- What is GRBK's fair value?
- A Modified-Graham model based on GRBK's SEC fundamentals estimates a fair value of about $60.10. It is an estimate from reported earnings, not a price target.
- Is GRBK overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, GRBK currently appears overvalued relative to its SEC-grounded earnings power.
- What is Green Brick Partners, Inc.'s quality score?
- GRBK scores 65.37254901960783/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001373670, latest 10-Q filed 2026-05-11) · EODHD · analysis by claude-code · as of 6/25/2026, 1:34:21 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.