Green Brick Partners Inc (GRBK)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	548,182	519,008	513,314	539,275	523,025	521,329	479,346	411,426	362,059	315,155	291,705	244,624	234,604	219,460	196,299	182,685	169,082	157,360	149,303	150,093
Revenue (ttm)	US$ in thousands	1,777,710	1,758,417	1,747,383	1,816,238	1,757,793	1,778,955	1,713,351	1,562,013	1,402,876	1,204,725	1,138,206	997,233	976,021	952,043	885,626	836,299	791,660	746,658	689,306	663,112
Gross profit margin		30.84%	29.52%	29.38%	29.69%	29.75%	29.31%	27.98%	26.34%	25.81%	26.16%	25.63%	24.53%	24.04%	23.05%	22.16%	21.84%	21.36%	21.08%	21.66%	22.63%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $548,182K ÷ $1,777,710K
= 30.84%

Green Brick Partners Inc has shown relatively consistent gross profit margins over the past eight quarters, ranging from 26.34% to 30.84%. The company's gross profit margin has generally increased over time, with the highest margin of 30.84% in Q4 2023 and the lowest margin of 26.34% in Q1 2022. This indicates that Green Brick Partners Inc has been able to effectively manage its costs of goods sold and generate higher profits on its revenue. Overall, the trend of increasing gross profit margins suggests improved efficiency and profitability in the company's operations.