Loading...
•
Mar 31
Green Brick Q1 2025 Earnings Report
Reported record results for its first quarter ended March 31, 2025, with home closing revenue of $495 million, a record for any first quarter, homebuilding gross margin of 31.2%, diluted EPS of $1.67, and record net new home orders of 1,106.
Key Takeaways
Green Brick Partners achieved record first-quarter results in Q1 2025, with homebuilding revenue increasing 11.8% year-over-year to $495 million. The company maintained strong homebuilding gross margins at 31.2% and saw record net new home orders of 1,106, a 3.3% increase year-over-year. Diluted EPS was $1.67, an 8.2% decrease year-over-year, primarily due to the sale of an interest in Challenger Homes in Q1 2024. Excluding this impact, underlying earnings grew 3.7%.
Record first-quarter homebuilding revenue of $495 million, up 11.8% year-over-year.
Maintained strong homebuilding gross margin at 31.2%.
Achieved record net new home orders of 1,106, a 3.3% increase from the prior year.
Ended the quarter with $103 million in cash and $330 million available on their revolving credit facility.
Green Brick
Green Brick
Green Brick Revenue by Segment
Revenue by Segment
Residential Units Revenue
CapyFin.comLand and Lots Revenue
CapyFin.com Forward Guidance
The report does not provide explicit forward guidance for specific financial metrics but indicates a focus on strategic investments, returning value to shareholders through buybacks, and maintaining liquidity to navigate market conditions.
Positive Outlook
- Continued investment in future growth by increasing total lots owned and controlled.
- Intention to self-develop a high percentage of lots for better control and margins.
- Commitment to returning value to shareholders through stock buybacks.
- Maintaining an investment grade balance sheet and low financial leverage.
- Having significant available capacity on their revolving credit facility for flexibility.
Challenges Ahead
- Unclear duration and extent of impact from tariffs.
- Economic uncertainty and volatility in the current period.
- Affordability challenges created by the elevated interest rate environment.
- Potential for mitigating the impact of tariffs requires diligent monitoring and work with the supply chain.
- No specific financial targets or outlook provided for future periods.
Revenue & Expenses
Visualization of income flow from segment revenue to net income