Green Brick Partners Inc (GRBK)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	284,626	291,900	190,210	113,693	58,656
Revenue	US$ in thousands	1,777,710	1,757,790	1,402,880	976,021	791,660
Net profit margin		16.01%	16.61%	13.56%	11.65%	7.41%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $284,626K ÷ $1,777,710K
= 16.01%

The net profit margin of Green Brick Partners Inc has exhibited a positive trend over the past five years, increasing from 7.41% in 2019 to 15.85% in 2023. This suggests that the company has been able to effectively control its expenses and generate higher profits from its revenue over time.

The consistent improvement in net profit margin indicates the company's ability to efficiently convert its revenue into profits. This could be attributed to factors such as better cost management, increased operational efficiency, or strategic pricing decisions. Overall, the rising net profit margin reflects positively on the company's financial performance and profitability.