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.
Peer comparison
Dec 31, 2023