Green Brick Partners Inc (GRBK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 355,105 | 352,982 | 227,690 | 122,370 | 70,223 |
| Revenue | US$ in thousands | 1,777,710 | 1,757,790 | 1,402,880 | 976,021 | 791,660 |
| Operating profit margin | 19.98% | 20.08% | 16.23% | 12.54% | 8.87% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $355,105K ÷ $1,777,710K
= 19.98%
The operating profit margin of Green Brick Partners Inc has shown a positive trend over the past five years, indicating improving profitability in its operations. The margin increased from 8.90% in 2019 to 19.98% in 2023, reflecting a substantial improvement. This signifies that the company has been effectively managing its operating expenses relative to its revenue, resulting in a higher proportion of profits generated from its core business activities. The consistent growth in operating profit margin over the years suggests that Green Brick Partners Inc has been able to enhance operational efficiency and potentially increase pricing power or cost control measures. Overall, a rising operating profit margin is a positive indicator of the company's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2023