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Segment Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Apr. 26, 2018
Segment Reporting [Abstract]        
Segment Information SEGMENT INFORMATION
The Company has three reportable segments - Builder operations Central, Builder operations Southeast, and Land Development. Builder operations Central represents operations by our builders in Texas, whereas Builder operations Southeast represents operations by our builders in Georgia and Florida. The Land Development segment acquires land for the development of residential lots that are transferred to our controlled builders or sold to third party homebuilders. The operations of the Company’s builders and land development were aggregated in three reportable segments based on similar economic characteristics, including geography, housing products, class of homebuyer, regulatory environments, and methods used to construct and sell homes.

Corporate operations are reported as a non-operating segment and include activities that support the Company’s builder operations, land development, title and mortgage operations through the centralization of certain administrative functions, such as finance, treasury, information technology and human resources, as well as development of strategic initiatives. Unallocated corporate expenses are reported in the corporate, other and unallocated segment as these activities do not share a majority of aggregation criteria with either the builder operations or land development segments.

While the operations of Challenger meet the criteria for an operating segment, they do not meet the quantitative thresholds of ASC 280, Segment Reporting (“ASC 280”) to be separately reported and disclosed. As such, Challenger’s results are included within the corporate, other and unallocated segment.

The operations of Green Brick Title, LLC (“Green Brick Title”), GRBK Mortgage, BHome Mortgage, and Green Brick Insurance are not economically similar to either builder operations or land development and do not meet the quantitative thresholds of ASC 280 to be separately reported and disclosed. As such, these entities’ results are included within the corporate, other and unallocated segment.

Operations of EJB River Holdings, GBTM Sendera, Magnolia Ridge, and Rainwater Crossing do not meet the criteria for an operating segment, and they do not meet the quantitative thresholds of ASC 280 to be separately reported and disclosed. As such, these results are included within the corporate, other and unallocated segment.

Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.
Financial information relating to the Company’s reportable segments is as follows (in thousands):
Years Ended December 31,
202420232022
Revenues: (1)
Builder operations
Central$1,489,582 $1,270,599 $1,181,393 
Southeast580,664 499,131 529,921 
Total builder operations2,070,246 1,769,730 1,711,314 
Land development28,697 7,980 46,479 
Total revenues$2,098,943 $1,777,710 $1,757,793 
Gross profit:
Builder operations
Central$524,379 $424,494 $393,697 
Southeast215,002 166,291 156,840 
Total builder operations739,381 590,785 550,537 
Land development4,428 3,268 13,393 
Corporate, other and unallocated (2)
(40,288)(45,871)(40,905)
Total gross profit$703,521 $548,182 $523,025 
Segment expenses:
Commissions
Builder operations
Central$73,732 $65,689 $51,154 
Southeast21,089 18,356 17,041 
Total builder operations94,821 84,045 68,195 
Land development— — — 
Corporate, other and unallocated — — — 
Total commissions$94,821 $84,045 $68,195 
Salaries
Builder operations
Central$43,911 $39,330 $38,079 
Southeast26,826 22,810 22,457 
Total builder operations70,737 62,140 60,536 
Land development— 194 290 
Corporate, other and unallocated (3)
(5,246)(8,766)(9,488)
Total salaries$65,491 $53,568 $51,338 
Other selling, general and administrative expenses
Builder operations
Central$37,324 $30,828 $25,647 
Southeast15,319 15,814 12,439 
Total builder operations52,643 46,642 38,086 
Land development283 210 331 
Corporate, other and unallocated13,328 8,512 5,993 
Total other expenses$66,254 $55,364 $44,410 
Years Ended December 31,
202420232022
Total segment expenses
Builder operations
Central$154,967 $135,847 $114,880 
Southeast63,234 56,980 51,937 
Total builder operations218,201 192,827 166,817 
Land development283 404 621 
Corporate, other and unallocated8,082 (254)(3,495)
Total segment expenses$226,566 $192,977 $163,943 
Interest expense: (4)
Builder operations
Central$— $— $— 
Southeast39,060 34,216 32,323 
Total builder operations39,060 34,216 32,323 
Corporate, other and unallocated(39,060)(34,216)(32,323)
Total interest expense$— $— $— 
Income before income taxes:
Builder operations
Central$372,599 $291,307 $281,793 
Southeast154,760 112,582 107,669 
Total builder operations527,359 403,889 389,462 
Land development5,882 5,129 13,062 
Corporate, other and unallocated (5)
(21,361)(17,705)(6,059)
Income before income taxes$511,880 $391,313 $396,465 
December 31, 2024December 31, 2023
Inventory:
Builder operations
Central$743,490 $645,987 
Southeast318,592 314,087 
Total builder operations1,062,082 960,074 
Land development826,687 529,711 
Corporate, other and unallocated (6)
48,963 43,438 
Total inventory$1,937,732 $1,533,223 
Goodwill:
Builder operations - Southeast$680 $680 
(1)The sum of Builder operations Central and Southeast segments’ revenues does not equal residential units revenue included in the consolidated statements of income in periods when our builders have revenues from land or lot closings, which for the years ended December 31, 2024, 2023 and 2022 were $0.1 million, $0.5 million and $7.4 million, respectively.
(2)Corporate, other and unallocated gross loss is comprised of capitalized overhead and capitalized interest adjustments that are not allocated to builder operations and land development segments.
(3)Corporate, other and unallocated salaries include corporate, Green Brick Mortgage, Green Brick Title, and field salaries that are capitalized and not allocated to operating segments.
(4)Interest expense of Builder operations Southeast segments represents an interest expense charged by the Corporate, other and unallocated segment in relation to financing purchases of land and construction of the Company’s Atlanta builder. Intercompany interest revenue of the Corporate, other and unallocated segment is eliminated in consolidation.
(5)Corporate, other and unallocated loss before income taxes includes results from Green Brick Title, Ventana Insurance, GRBK Mortgage, Green Brick Insurance, and investments in unconsolidated subsidiaries.
(6)Corporate, other and unallocated inventory consists of capitalized overhead and interest related to homes under construction and land under development.
     
Schedule of Segment Reporting Information
Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.
Financial information relating to the Company’s reportable segments is as follows (in thousands):
Years Ended December 31,
202420232022
Revenues: (1)
Builder operations
Central$1,489,582 $1,270,599 $1,181,393 
Southeast580,664 499,131 529,921 
Total builder operations2,070,246 1,769,730 1,711,314 
Land development28,697 7,980 46,479 
Total revenues$2,098,943 $1,777,710 $1,757,793 
Gross profit:
Builder operations
Central$524,379 $424,494 $393,697 
Southeast215,002 166,291 156,840 
Total builder operations739,381 590,785 550,537 
Land development4,428 3,268 13,393 
Corporate, other and unallocated (2)
(40,288)(45,871)(40,905)
Total gross profit$703,521 $548,182 $523,025 
Segment expenses:
Commissions
Builder operations
Central$73,732 $65,689 $51,154 
Southeast21,089 18,356 17,041 
Total builder operations94,821 84,045 68,195 
Land development— — — 
Corporate, other and unallocated — — — 
Total commissions$94,821 $84,045 $68,195 
Salaries
Builder operations
Central$43,911 $39,330 $38,079 
Southeast26,826 22,810 22,457 
Total builder operations70,737 62,140 60,536 
Land development— 194 290 
Corporate, other and unallocated (3)
(5,246)(8,766)(9,488)
Total salaries$65,491 $53,568 $51,338 
Other selling, general and administrative expenses
Builder operations
Central$37,324 $30,828 $25,647 
Southeast15,319 15,814 12,439 
Total builder operations52,643 46,642 38,086 
Land development283 210 331 
Corporate, other and unallocated13,328 8,512 5,993 
Total other expenses$66,254 $55,364 $44,410 
Years Ended December 31,
202420232022
Total segment expenses
Builder operations
Central$154,967 $135,847 $114,880 
Southeast63,234 56,980 51,937 
Total builder operations218,201 192,827 166,817 
Land development283 404 621 
Corporate, other and unallocated8,082 (254)(3,495)
Total segment expenses$226,566 $192,977 $163,943 
Interest expense: (4)
Builder operations
Central$— $— $— 
Southeast39,060 34,216 32,323 
Total builder operations39,060 34,216 32,323 
Corporate, other and unallocated(39,060)(34,216)(32,323)
Total interest expense$— $— $— 
Income before income taxes:
Builder operations
Central$372,599 $291,307 $281,793 
Southeast154,760 112,582 107,669 
Total builder operations527,359 403,889 389,462 
Land development5,882 5,129 13,062 
Corporate, other and unallocated (5)
(21,361)(17,705)(6,059)
Income before income taxes$511,880 $391,313 $396,465 
December 31, 2024December 31, 2023
Inventory:
Builder operations
Central$743,490 $645,987 
Southeast318,592 314,087 
Total builder operations1,062,082 960,074 
Land development826,687 529,711 
Corporate, other and unallocated (6)
48,963 43,438 
Total inventory$1,937,732 $1,533,223 
Goodwill:
Builder operations - Southeast$680 $680 
     
Segment Reporting Information [Line Items]        
Inventory $ 1,937,732 $ 1,533,223    
Oil and Gas, Result of Operation, before Income Tax Expense (Benefit) 511,880 391,313 $ 396,465  
Revenues 2,098,943 1,777,710 1,757,793  
Gross profit 703,521 548,182 523,025  
Interest Expense, Operating and Nonoperating 0 0 0  
Inventory, Real Estate 1,937,732 1,533,223    
Goodwill 680 680   $ 700
Corporate Segment and Other Operating Segment        
Segment Reporting Information [Line Items]        
Inventory 48,963 43,438    
Oil and Gas, Result of Operation, before Income Tax Expense (Benefit) (21,361) (17,705) (6,059)  
Gross profit (40,288) (45,871) (40,905)  
Interest Expense, Operating and Nonoperating (39,060) (34,216) 32,323  
us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Inventory 1,062,082 960,074    
Revenues 2,070,246 1,769,730 1,711,314  
Gross profit 739,381 590,785 550,537  
Interest Expense, Operating and Nonoperating 39,060 34,216 32,323  
sic_Z6552 Land Subdividers and Developers (No Cemeteries)        
Segment Reporting Information [Line Items]        
Inventory 826,687 529,711    
Oil and Gas, Result of Operation, before Income Tax Expense (Benefit) 5,882 5,129 13,062  
Revenues 28,697 7,980 46,479  
Gross profit 4,428 3,268 13,393  
Homebuilders [Member]        
Segment Reporting Information [Line Items]        
Oil and Gas, Result of Operation, before Income Tax Expense (Benefit) 527,359 403,889 389,462  
Central | us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Inventory 743,490 645,987    
Revenues 1,489,582 1,270,599 1,181,393  
Gross profit 524,379 424,494 393,697  
Interest Expense, Operating and Nonoperating 0 0 0  
Central | Homebuilders [Member]        
Segment Reporting Information [Line Items]        
Oil and Gas, Result of Operation, before Income Tax Expense (Benefit) 372,599 291,307 281,793  
Southeast | us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Inventory 318,592 314,087    
Revenues 580,664 499,131 529,921  
Gross profit 215,002 166,291 156,840  
Interest Expense, Operating and Nonoperating 39,060 34,216 32,323  
Southeast | Homebuilders [Member]        
Segment Reporting Information [Line Items]        
Oil and Gas, Result of Operation, before Income Tax Expense (Benefit) 154,760 112,582 107,669  
Real Estate, Other [Member]        
Segment Reporting Information [Line Items]        
Revenues 28,807 8,455 53,842  
Real Estate, Other [Member] | us-gaap_HomeBuildingMember        
Segment Reporting Information [Line Items]        
Revenues 100 500 7,400  
Real Estate, Other [Member] | Central        
Segment Reporting Information [Line Items]        
Revenues 28,807 7,980 46,479  
Real Estate, Other [Member] | Southeast        
Segment Reporting Information [Line Items]        
Revenues $ 0 $ 475 $ 7,363