Green Brick Partners, Inc. (GRBK) Stock

Green Brick Partners, Inc. (GRBK) is a Industrials stock trading at $71.05 (as of 2026-09-02), with a market capitalization of $3.06B and a trailing P/E of 10.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Green Brick Partners, Inc. operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities. As of December 31,2021, the company owns or controls approximately 28,600 home sites in Dallas-Forth Worth, Atlanta metropolitan areas, and the Treasure Coast, Florida market. The company sells its homes through sales representatives and independent realtors. Green Brick Partners, Inc. was incorporated in 2006 and is headquartered in Plano, Texas.

Understand Green Brick Partners, Inc.: how it makes money

Green Brick Partners acquires land, builds, and sells single-family and townhome communities in Sunbelt metros such as Dallas, Austin, Houston, and Atlanta. Most revenue comes from home sales on owned sites, with mortgage services and land development providing secondary income.

The owned-land pipeline (roughly 28,600 sites) lets Green Brick time production and capture entitlement value at its own pace, avoiding the recurring lot-payment drag that hits build-to-order competitors.

Business quality (Mixed): Profitable and conservatively financed, but cyclicality and rate sensitivity cap the upside unless Trophy demand keeps accelerating.

Valuation: At 11× earnings, GRBK trades 55% below the Construction average (23×). Note: the low multiple may reflect one-time earnings items.

Bull case

  • Trophy demand builds runway: Management said trophy demand is accelerating across DFW, Houston, and Austin, supporting a multi-year growth pipeline that reduces dependence on any single rate scenario.
  • Half the industry multiple: GRBK screens at 10.6x earnings versus the 24x Construction industry average (55% below), implying the market prices in persistent margin pain that the low-leverage, owned-land model may not deserve.
  • Owned land caps financing risk: With roughly 28,600 home sites under ownership or control and what management calls exceptional leverage discipline, the company can time production without third-party lot payments, a structural edge when rates stay elevated.

Bear case

  • Earnings are contracting now: Net income fell 9.5% and EPS dropped 8% year over year, while quarterly revenue of $500M is down 10% YoY, showing the housing cycle is working against the company in the near term.
  • Rate sensitivity eats spread: Management warned that higher buyer incentives are already pressuring margins and could rise further if mortgage rates climb, making the 29% gross margin vulnerable to a macro shift.
  • Mix shift drags price: As lower-priced Trophy communities scale within the portfolio, management expects average selling prices to decline, chip away at gross margin, and offset some of the volume gains Trophy brings.
Valuation — source: SEC EDGAR (first-party)
Price$71.05
Market Cap$3.06B
P/E Ratio10.5
EV / EBITDA7.1
Price / Book1.53
Price / Sales1.56
FCF Yield6.8%
DCF Value (model)$172.58
DCF Upside vs Price142.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.04B
Net Margin15.4%
Revenue Growth (YoY)-10.1%
EPS Growth (YoY)-8.1%
FCF Growth (YoY)-68.2%
Valuation vs Sector & Industry
Stock P/E10.5
Sector P/E (Industrials)25.7
Industry P/E (Construction)22.8
vs Sector-59.2%
vs Industry-54.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderDME Capital Management, LP ($610.17M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryConstruction
CEOJames R. Brickman
Employees650
CountryUS
IPO Date2007-06-20

Green Brick Partners, Inc. earnings call transcripts

  • GRBK Q2 FY26 earnings call transcript (reported 2026-07-29) · analysis
  • GRBK Q1 FY26 earnings call transcript (reported 2026-04-29) · analysis
  • GRBK Q4 FY25 earnings call transcript (reported 2026-02-25) · analysis

All GRBK earnings calls

Related Companies (Construction; 8 comparable construction companies)

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  • Hovnanian Enterprises, Inc. (HOV)
  • M/I Homes, Inc. (MHO)
  • Century Communities, Inc. (CCS)
  • Smith Douglas Homes Corp. (SDHC)
  • Dream Finders Homes, Inc. (DFH)
GRBK earnings history · GRBK institutional & insider holders · GRBK KPIs & operating metrics · GRBK financials · GRBK investor presentations & press releases · GRBK SEC filings · GRBK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.