GRBKGreen Brick Partners, Inc.
Operative Builders
- Revenue
- $2.0B
- 1.0% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $223M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired62% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear41% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.8B | $1.7B | $2.1B | $2.0B | 1.0% |
| Net income | $204M | $314M | $307M | $417M | $344M | 18% |
| Operating cash flow | −$92M | $91M | $213M | $26M | $213M | 723% |
| Capex | $2M | $2M | $8M | $4M | $5M | 9.9% |
| Stock-based comp | $3M | $3M | $7M | $8M | $12M | 47% |
| Buybacks | $0 | $101M | $46M | $48M | $84M | 73% |
| Dividends | $0 | $3M | $3M | $3M | $3M | 0.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $13M | $13M | 207 | 189 |
| FY2024 | $8M | $8M | 492 | 243 |
| FY2023 | $8M | $8M | 452 | 220 |
| FY2022 | $6M | $6M | 211 | 137 |
| FY2021 | $5M | $5M | 264 | 192 |