Green Brick Partners, Inc. (GRBK) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Industrials / Manufacturing / Defense · as of Aug 11, 2026
Green Brick Partners, Inc. (GRBK)
A forensic read on Green Brick Partners, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
14.3
Distress distance
Watch
Earnings quality
3
Forensic signals
10.7
P / E (ttm)
16.8%
ROE
$3.0B
Market cap
0.09%
Dividend yield
-1.0%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Green Brick Partners, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 14.3, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
0.46×
FY2023–FY2025
Cash conversion.Over FY2023–FY2025, operating cash flow was 0.46× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.
+10.2%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +10.2% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +189% against revenue -1%. This is the seventh straight fiscal year of building accruals — an even longer streak than the 3-year mark that already signals a materially stronger tell. The cash-flow cross-check is more mixed: reported earnings ran in line with operating cash by 5% of net operating assets, diverging from the balance-sheet accrual read.
-79%
FY2014→FY2022
Dividend — cut.The payout was CUT ~79% in FY2022 (from FY2014) and hasn't been restored since. It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies. Measured on total dividend dollars rather than per share: the reported share count steps sharply around FY2022, a stock-split seam between filing vintages rather than a change in the payout, and a split leaves the dollars paid untouched.
Key fundamentals
Latest Revenue$2.04B
Revenue Growth YoY-1.0%
Revenue CAGR (3yr)+5.1%
Net Margin15.4%
Free Cash Flow$208.4M
Return on Equity16.8%
Debt / Equity0.17x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Green Brick Partners, Inc.'s actual 10-K/10-Q/8-K filings?