Green Brick Partners Inc (GRBK)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 511,880 | 391,313 | 396,465 | 256,986 | 142,813 |
| Revenue | US$ in thousands | 2,098,940 | 1,777,710 | 1,757,790 | 1,402,880 | 976,021 |
| Pretax margin | 24.39% | 22.01% | 22.55% | 18.32% | 14.63% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $511,880K ÷ $2,098,940K
= 24.39%
The pretax margin of Green Brick Partners Inc has shown a steady increase over the past five years, indicating improving profitability before taxes. As of December 31, 2020, the pretax margin was at 14.63%, which then rose steadily to 18.32% by December 31, 2021, further increasing to 22.55% by December 31, 2022. Although there was a slight dip to 22.01% by December 31, 2023, the trend quickly rebounded to reach 24.39% by December 31, 2024, showcasing a solid overall growth trajectory in the company's ability to generate profits before taxes. This upward trend suggests efficient cost management and operational improvements within the organization, contributing positively to its financial performance.
Peer comparison
Dec 31, 2024