Green Brick Partners (Green Brick Partners) Gross Margin % : 31.45% (As of Dec. 2023)

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What is Green Brick Partners Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Green Brick Partners's Gross Profit for the three months ended in Dec. 2023 was $142 Mil. Green Brick Partners's Revenue for the three months ended in Dec. 2023 was $450 Mil. Therefore, Green Brick Partners's Gross Margin % for the quarter that ended in Dec. 2023 was 31.45%.

The historical rank and industry rank for Green Brick Partners's Gross Margin % or its related term are showing as below:

GRBK' s Gross Margin % Range Over the Past 10 Years
Min: 21.36 Med: 24.39 Max: 30.84
Current: 30.84

During the past 13 years, the highest Gross Margin % of Green Brick Partners was 30.84%. The lowest was 21.36%. And the median was 24.39%.

GRBK's Gross Margin % is ranked better than
82.52% of 103 companies
in the Homebuilding & Construction industry
Industry Median: 21.72 vs GRBK: 30.84

Green Brick Partners had a gross margin of 31.45% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Green Brick Partners was 6.40% per year.

Green Brick Partners Gross Margin % Historical Data

The historical data trend for Green Brick Partners's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Green Brick Partners Gross Margin % Chart

Green Brick Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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21.36

24.04

25.81

29.75

30.84

Green Brick Partners Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															26.09	27.56	31.33	33.18	31.45

Competitive Comparison of Green Brick Partners's Gross Margin %

For the Residential Construction subindustry, Green Brick Partners's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Green Brick Partners's Gross Margin % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Green Brick Partners's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Green Brick Partners's Gross Margin % falls into.

Green Brick Partners Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Green Brick Partners's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	548.2	/	1777.71
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1777.71 - 1229.528)	/	1777.71
	=	30.84 %

Green Brick Partners's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	141.6	/	450.382
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(450.382 - 308.754)	/	450.382
	=	31.45 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Green Brick Partners (NYSE:GRBK) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Green Brick Partners had a gross margin of 31.45% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Green Brick Partners Gross Margin % Related Terms

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Green Brick Partners (Green Brick Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Green Brick Partners Inc (NYSE:GRBK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

2G1:Germany 2G1:Germany

Address

2805 Dallas Parkway, Suite 400, Plano, TX, USA, 75093

Website

https://www.greenbrickpartners.com

Green Brick Partners Inc is a homebuilding and land development company. It acquires and develops land, as well as provides land and construction financing to its controlled builders. The company has three reportable segments: builder operations central, builder operations southeast, and land development. The majority of company's revenue is generated from the builder operations central segment that is entirely the operations of builders in Texas. The company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing, sales, and brand image creation. In addition to homebuilding, the company provides home financing services, such as mortgage and title, through its subsidiaries.

Executives

David Einhorn	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Jed Dolson	officer: See Remarks	3131 HARVARD AVENUE, SUTE 103, DALLAS TX 75205
Dme Capital Management, Lp	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors Gp, L.l.c.	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Dme Advisors, Lp	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Greenlight Capital Inc	director, 10 percent owner	140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Elizabeth Blake	director	BIOFUEL ENERGY CORP., 1600 BROADWAY SUITE 2200, DENVER CO 80202
Harry Brandler	director	2 GRAND CENTRAL TOWER, 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017
Kathleen Olsen	director	4 BROOKSIDE DRIVE, PORT WASHINGTON NY 11050
Richard S Press	director	101 BOGLE STREET, WESTON MA 02493
Richard Arthur Costello	officer: Chief Financial Officer	2805 DALLAS PARKWAY, SUITE 400, PLANO TX 75093
Neal J Suit	officer: General Counsel & EVP	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Lila A Murphy	director	2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222
John R Farris	director	P.O. BOX 309, FRANKFORT KY 40602-0309
Summer Loveland	officer: Chief Accounting Officer	2805 DALLAS PARKWAY, SUITE 400, PLANO TX 75093