Green Brick Partners Inc (GRBK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 548,182 | 523,025 | 362,059 | 234,604 | 169,082 |
| Revenue | US$ in thousands | 1,777,710 | 1,757,790 | 1,402,880 | 976,021 | 791,660 |
| Gross profit margin | 30.84% | 29.75% | 25.81% | 24.04% | 21.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $548,182K ÷ $1,777,710K
= 30.84%
The gross profit margin of Green Brick Partners Inc has shown a consistent upward trend over the past five years, indicating the company's improving efficiency in generating gross profit from its revenue. The margin has increased from 21.36% in 2019 to 30.84% in 2023. This upward trajectory suggests that the company has been able to effectively control its cost of goods sold and/or increase its pricing strategy. It demonstrates the company's ability to effectively manage its production costs and maintain a healthy level of profitability on its core operations. This trend is a positive indicator of the company's operational performance and financial health over the years, showcasing its ability to generate higher gross profits relative to its revenue.
Peer comparison
Dec 31, 2023