Green Brick Partners Inc (GRBK)

Pretax margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	369,264	347,097	344,449	377,565	374,368	381,014	352,936	289,359	242,814	200,800	183,183	150,221	138,709	122,694	99,410	84,207	78,683	74,878	70,305	70,617
Revenue (ttm)	US$ in thousands	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	791,660	746,658	689,306	663,112
Pretax margin		20.77%	19.74%	19.71%	20.79%	21.30%	21.42%	20.60%	18.52%	17.31%	16.67%	16.09%	15.06%	14.21%	12.89%	11.22%	10.07%	9.94%	10.03%	10.20%	10.65%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $369,264K ÷ $1,777,710K
= 20.77%

The pretax margin of Green Brick Partners Inc has shown some fluctuations over the past eight quarters. In Q4 2023, the pretax margin was 22.01%, slightly higher compared to the previous quarter at 20.90%. This suggests an improvement in the company's ability to generate profit before accounting for taxes in the most recent quarter.

Looking back over the quarters, the pretax margin has generally been within a range of 19.48% to 22.55%. The company experienced its highest pretax margin in Q4 2022 at 22.55% and its lowest in Q1 2022 at 19.48%.

Overall, the trend indicates that Green Brick Partners Inc has been able to maintain a relatively stable pretax margin performance, with some minor fluctuations. It is essential for the company to continue monitoring and managing its expenses and revenue effectively to sustain or improve its pretax margin in the future.