Green Brick Partners, Inc. (GRBK) Stock Price & How to Invest
Last updated October 2026
Short answer
Green Brick Partners (GRBK) is a small-cap, land-heavy homebuilder concentrated in high-growth Texas, Georgia, and Florida markets, so investing in it means taking a focused bet on Sun Belt single-family demand and the company's industry-leading gross margins. It trades as a cyclical housing stock (about $2.65 billion in market cap and roughly 9x trailing earnings as of October 16, 2026), and its fortunes track mortgage rates, incentives, and lot supply more than any broad diversification.
GRBK stock price
As of 2026-10-20, Green Brick Partners, Inc. (GRBK) last closed at $61.99, down 9.7% over the past year. Over the past 52 weeks it has traded between $60.12 and $80.59.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Green Brick Partners, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Green Brick Partners, Inc. (GRBK) do?
Green Brick Partners is a diversified homebuilding and land-development company that operates through several subsidiary builders, including Trophy Signature Homes and its other Texas brands, The Providence Group in Atlanta, and GHO Homes in Florida. It is the third largest homebuilder in Dallas-Fort Worth and focuses on selected submarkets in Texas, Georgia, and Florida where population growth, job creation, and lot scarcity support strong home absorptions and pricing. A defining feature is its land strategy: Green Brick acquires, develops, and controls residential lots that feed its builders, which has historically produced some of the highest gross margins in the public homebuilder group. David Einhorn's Greenlight Capital is a long-standing large shareholder and Einhorn chairs the board. In July 2026 the company promoted Jed Dolson to co-CEO.
The investment picture is that of a well-run, conservatively financed cyclical. The balance sheet carries modest debt (about $292 million against roughly $132 million of cash at the end of June 2026), which gives the company optionality to keep buying land and buying back stock through downturns. The tension is that results show a business shrinking from its 2024 peak: trailing revenue is about $1.97 billion, down roughly 9% year over year in the latest quarter, and trailing net income is about $288 million. The second quarter of 2026 still beat expectations, with EPS of about $1.70 against a consensus near $1.39, and management pointed to record order growth. Investors are effectively weighing a durable margin and land advantage against the sensitivity of any homebuilder to interest rates, affordability, and regional job cycles, with mortgage rates back near 7% in September 2026 and third-quarter results due October 28, 2026.
What's driving Green Brick Partners, Inc. (GRBK)?
1. Land-development margin edge
Green Brick self-develops much of its own land, which lowers lot cost and has produced gross margins near the top of the public builder group (about 30.5% on a trailing basis as of mid-2026, even after heavier incentives). This owned-lot pipeline is the company's core structural advantage and supports pricing flexibility others lack.
2. Sun Belt geographic concentration
The company targets fast-growing, lot-scarce submarkets in Texas, Georgia, and Florida, with Dallas-Fort Worth as its anchor. It recently entered the Houston market and aims to become one of the larger builders there by the end of the decade, giving it a long runway in some of the strongest US migration corridors. Its Rainwater Crossing master-planned community near Dallas opened a new section in September 2026.
3. Conservative balance sheet and optionality
Debt sits at roughly 14% of equity, with about $132 million in cash and about $292 million of debt at the end of June 2026. That low leverage lets Green Brick keep acquiring land, expand into new markets, and repurchase shares while more indebted peers pull back. Free cash flow was thin over the trailing year (about $7 million) because cash went back into land and lots.
4. Order momentum versus a lower earnings base
The second quarter of 2026 brought revenue of about $494 million and EPS of about $1.70, well above the roughly $1.39 consensus, and the earnings call highlighted record order growth. Analysts still expect full-year 2026 EPS of about $6.14 (down about 13%) and roughly $5.99 in 2027, so the question for the next few quarters is whether stronger orders turn into a stable earnings base. Third-quarter consensus is about $1.43 of EPS on roughly $476 million of revenue.
What are the risks to Green Brick Partners, Inc. (GRBK)?
As a homebuilder, GRBK is highly cyclical and sensitive to mortgage rates, affordability, and buyer confidence, and a sustained rate spike or recession could sharply cut demand; mortgage rates touched 7% in September 2026. Revenue has fallen year over year (down about 9% in the latest quarter) and analysts expect 2026 EPS to drop about 13%, as the company uses incentives to sustain sales pace. Its geographic concentration in Texas, Georgia, and Florida means a regional job or housing shock, or overbuilding in those markets, would hit it harder than a national builder. It is small relative to D.R. Horton and Lennar, so it has less scale, less buying power, and thinner trading liquidity; only one analyst in the Yahoo consensus covers it, with a $62 target and a hold rating. Land development also carries entitlement, construction-cost, and timing risk if a downturn arrives while capital is tied up in lots, and trailing free cash flow is close to zero. The move to a co-CEO structure adds some leadership-transition risk.
Is GRBK a buy or a sell?
We give no verdict on Green Brick Partners, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Land-development margin edge. Green Brick self-develops much of its own land, which lowers lot cost and has produced gross margins near the top of the public builder group (about 30.5% on a trailing basis as of mid-2026, even after heavier incentives).
The case against. As a homebuilder, GRBK is highly cyclical and sensitive to mortgage rates, affordability, and buyer confidence, and a sustained rate spike or recession could sharply cut demand; mortgage rates touched 7% in September 2026.
Read the full bull and bear case on GRBK, including what would have to change to break either one. Walnut is not an investment adviser.
Has Green Brick Partners, Inc. (GRBK) split its stock?
No. Green Brick Partners, Inc. (GRBK) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.
How is Green Brick Partners, Inc. (GRBK) valued? (approximate, October 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Green Brick Partners, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$1.97B
- Revenue growth (latest quarter, YoY): ~-9%
- Net income (TTM): ~$288M
- Diluted EPS (TTM): ~$6.64
- Q2 2026 EPS vs estimate: ~$1.70 vs ~$1.39
- Gross / net margin: ~30.5% / ~14.8%
- P/E (trailing / forward): ~9.3x / ~10.3x
- Market cap: ~$2.65B
Green Brick earned about $288 million on roughly $1.97 billion of trailing revenue, and the second quarter of 2026 beat estimates by a wide margin even as sales fell year over year. At about $61.61 the stock trades near 9x trailing and 10x forward earnings and around 1.4x book value, a valuation that prices it as a late-cycle homebuilder with falling earnings rather than a grower. No dividend is paid, and the next read on margins and orders comes with third-quarter results on October 28, 2026.
Who competes with Green Brick Partners, Inc. (GRBK)?
National production homebuilders
D.R. Horton and Lennar are the two largest US builders, each with more than $30 billion in annual revenue, roughly fifteen times Green Brick's size. They compete for buyers and land in the same Sun Belt markets but with far greater scale, buying power, and diversification.
Mid-cap regional and Sun Belt builders
PulteGroup, Taylor Morrison, Meritage Homes, M/I Homes, and Century Communities overlap heavily with Green Brick's Texas, Georgia, and Florida footprint and are its closest comparables on margin, land strategy, and valuation.
Land developers and lot suppliers
Because Green Brick self-develops land, it effectively competes for lots and land deals with land bankers and developers such as Forestar (D.R. Horton's affiliate) and other private land firms, a market where owned-lot control is the key differentiator.
What stocks are similar to Green Brick Partners, Inc. (GRBK)?
Other names that sit close to GRBK: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in Green Brick Partners, Inc. (GRBK)
There are three common ways to get GRBK exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so GRBK sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where GRBK fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Green Brick Partners, Inc. (GRBK)
GRBK is a niche, high-margin Sun Belt homebuilder whose land-development edge is real but whose earnings ride the housing cycle. At about $61.61 a share (down roughly 2.5% in 2026 and 8% over the past year as of October 16, 2026) and around 9x trailing earnings, it fits an investor comfortable with cyclical, geographically concentrated exposure and with analysts expecting lower earnings in 2026 than in 2025.
More on Green Brick Partners, Inc. (GRBK)
Whether GRBK is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is GRBK a buy or a sell?, and where the stock could go from here in the GRBK stock forecast.
For income investors, whether GRBK pays a dividend and how the payout looks is covered in does GRBK pay a dividend? And to weigh GRBK against a peer, read the full side-by-side comparisons: GRBK vs DHI and GRBK vs LEN.
Wondering how GRBK fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Green Brick Partners, Inc. with AI
Connect the broker you already use and ask Walnut's AI how GRBK fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What does Green Brick Partners do?
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It is a diversified homebuilder and land developer that builds single-family homes and townhomes through subsidiary brands like Trophy Signature Homes, The Providence Group, and GHO Homes, primarily in Texas, Georgia, and Florida. It also acquires and develops its own residential lots to supply those builders.
Where does GRBK operate?
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Its core market is Dallas-Fort Worth, where it is the third largest homebuilder, plus other Texas metros, Atlanta, Georgia, and Port St. Lucie, Florida. It recently entered Houston and plans to expand there over the coming years.
Why are Green Brick's gross margins so high?
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The company develops much of its own land rather than buying finished lots at a premium, which lowers lot cost per home. This land-development model has historically produced some of the highest homebuilding gross margins among public builders (about 30.5% on a trailing basis as of mid-2026), though margins have come down from their peak amid higher incentives.
What is the connection to David Einhorn?
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David Einhorn's Greenlight Capital is a long-standing major shareholder, and Einhorn is chairman of Green Brick's board. His involvement dates back to the company's early days and is often cited as part of the investment thesis.
How did GRBK perform in early 2026?
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In Q1 2026, revenue was about $465 million with diluted EPS near $1.39 (against a consensus near $1.18) and net income around $61 million. The second quarter improved to about $494 million of revenue and EPS of about $1.70, again ahead of estimates, though revenue was still lower than a year earlier as the company used incentives to sustain its sales pace.
How did Green Brick do in its latest quarter?
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For the quarter ended June 30, 2026, Green Brick reported revenue of about $494 million and net income of about $74 million, or roughly $1.70 per share, beating the consensus of about $1.39. Management highlighted record order growth and announced the promotion of Jed Dolson to co-CEO. Third-quarter results are scheduled for October 28, 2026, with consensus near $1.43 of EPS.
How has GRBK stock performed in 2026?
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As of October 16, 2026, GRBK closed at about $61.61, down roughly 2.5% year to date, 12.7% over three months, and 8% over the past year. It sits near the bottom of its 52-week range of about $59 to $83, with a market cap of roughly $2.65 billion.
How does GRBK compare to D.R. Horton and Lennar?
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Green Brick is far smaller, with roughly $2 billion in trailing revenue versus more than $30 billion each for D.R. Horton and Lennar. It trades on a higher-margin, more concentrated model rather than national scale, so it offers focused Sun Belt exposure rather than diversification.
What are the main risks with GRBK?
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Key risks include sensitivity to mortgage rates and affordability, margin pressure from incentives, falling revenue and an expected 2026 earnings decline, heavy geographic concentration in a few Sun Belt markets, small scale and thin analyst coverage versus national peers, and the entitlement and timing risk that comes with owning and developing land.
Does GRBK pay a dividend?
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No. Green Brick pays no common dividend (a 0% yield as of October 2026) and has historically reinvested capital into land and used share buybacks instead, so investors have generally looked to book-value growth and repurchases rather than dividend income. Anyone focused on income should verify the current policy before investing.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Green Brick Partners, Inc.'s investor relations page or your broker before making investment decisions.