Green Brick Partners Inc (GRBK)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	476,955	434,283	412,589	374,231	354,451	330,917	328,856	362,248	358,432	370,240	337,799	277,692	233,102	187,557	168,639	132,659	125,258	112,975	93,913	80,886
Revenue (ttm)	US$ in thousands	2,098,943	1,982,011	1,877,329	1,772,987	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
Operating profit margin		22.72%	21.91%	21.98%	21.11%	19.94%	18.82%	18.82%	19.94%	20.39%	20.81%	19.72%	17.78%	16.62%	15.57%	14.82%	13.30%	12.83%	11.87%	10.60%	9.67%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $476,955K ÷ $2,098,943K
= 22.72%

Green Brick Partners Inc has shown a consistent improvement in its operating profit margin over the past few years. The operating profit margin, which represents the percentage of revenue that translates into operating profit, has steadily increased from 9.67% as of March 31, 2020, to 22.72% as of December 31, 2024.

This upward trend indicates that the company has been effectively managing its operating expenses relative to its revenue, resulting in a higher proportion of revenue being converted into operating profit. The company's ability to continuously improve its operating profit margin reflects strong operational efficiency and potentially effective cost management strategies.

However, it is worth noting that there was a slight dip in the operating profit margin from March 31, 2024, to June 30, 2024, followed by a subsequent increase by the end of December 31, 2024. This fluctuation could be attributed to various factors such as changes in operating expenses, revenue fluctuations, or one-time events impacting profitability.

Overall, the consistent improvement in Green Brick Partners Inc's operating profit margin signals positive financial health and operational performance, highlighting the company's ability to generate more profits from its core business activities.