COMP <GO>

GRBK vs KBH // EV/EBITDA & P/E VALUATION

Green Brick Partners Inc. (NYSE) VS. KB Home (NYSE) • 15-METRIC TALLY: GRBK 4 — KBH 5

■ METRIC PARITY

LAST: $62.53 (-0.62%) • MKT CAP: $2.65B

valuation

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LAST: $47.66 (+3.23%) • MKT CAP: $2.90B

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (GRBK VS. KBH) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	GRBK	KBH	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	31.40%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	18.50%	11.00%	+7.50	GRBK	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	7.86%	9.92%	-2.06	KBH	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	16.80%	6.90%	+9.90	GRBK	/net-margins <GO>
Revenue Growth (YoY)	-1.00%	-10.00%	+9.00	GRBK	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.11%	2.37%	-2.26	KBH	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	4/9	3/9	+1.00	GRBK	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	38.9	58.0	-19.18	KBH	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	7.2x	6.3x	+0.90	KBH	/forward-pe <GO>
Enterprise Scale & Market Cap	$2.65B	$2.90B	-$242.6M	KBH	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	GRBK REV	KBH REV	GRBK GROSS %	KBH GROSS %	GRBK FCF	KBH FCF
FY 2025	$2.04B	$6.24B	31.4%	—	$208.4M	$287.3M
FY 2024	$2.06B	$6.93B	34.1%	—	$21.5M	$323.4M
FY 2023	$1.75B	$6.41B	—	—	$213.3M	$1.08B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

GRBK // BETA —

KBH // BETA —