The St. Joe Company (JOE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 22	—	$0.48	—	—	$61.6M	—
Q3 22	—	$0.21	—	—	$57.6M	—
Q2 22	—	$0.29	—	—	$68.3M	—
Q1 22	—	$0.23	—	—	$64.9M	—
Q4 21	—	$0.54	—	—	$99.5M	—
Q3 21	—	$0.26	—	—	$54M	—
Q2 21	—	$0.41	—	—	$72.2M	—
Q1 21	—	$0.05	—	—	$41.3M	—
Q4 20	—	$0.34	—	—	$63.9M	—
Q3 20	—	$0.13	—	—	$42M	—
Q2 20	—	$0.33	—	—	$36.1M	—
Q1 20	—	-$0.03	—	—	$18.6M	—
Q4 19	—	$0.15	—	—	$42.7M	—
Q3 19	—	$0.1	—	—	$32.9M	—
Q2 19	—	$0.17	—	—	$35.5M	—
Q1 19	—	$0.03	—	—	$16M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2	—	—	$513.2M	—
FY24	—	$1.27	—	—	$402.7M	—
FY23	—	$1.33	—	—	$389.3M	—
FY22	—	$1.21	—	—	$252.3M	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$96.9M	$100M	$110.3M	$127.1M	$160.6M	$267M	$252.3M	$389.3M	$402.7M	$513.2M
YoY change	-6.75%	+3.28%	+10.2%	+15.2%	+26.3%	+66.3%	-5.5%	+54.3%	+3.46%	+27.4%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	96.9M	100M	110.3M	127.1M	160.6M	267M	252.3M	389.3M	402.7M	513.2M
Cost of revenue	62.2M	67.2M	51.3M	64.1M	77.8M	131.3M	145.9M	236M	235.5M	292.3M
Gross profit	34.7M	32.8M	59M	63M	82.8M	135.7M	106.4M	153.3M	167.2M	221M
Gross margin	35.8%	32.8%	53.5%	49.6%	51.6%	50.8%	42.2%	39.4%	41.5%	43.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	0	20.4M	20.6M	—	—	—	—	—	—	—
Operating expenses	23M	40.8M	41.1M	21.4M	22.9M	23M	22.1M	23.8M	25.3M	27.3M
Operating income	3.1M	3.6M	29.4M	31.3M	47.1M	94.5M	61.5M	90.7M	95.6M	146.2M
Operating margin	3.18%	3.58%	26.7%	24.6%	29.3%	35.4%	24.4%	23.3%	23.7%	28.5%
Non-operating income, net	16.7M	25M	-4.5M	1.2M	16.6M	11M	41.6M	26.7M	22.8M	26.2M
Pretax income	22.6M	41.4M	30.9M	36.2M	59.8M	98.7M	94.6M	100.1M	98.3M	155.1M
Income tax	7.1M	-17.9M	-736K	9.4M	13.7M	25M	24.4M	26M	26M	39.2M
Net income	15.5M	59.2M	31.6M	26.7M	45.5M	73.7M	70.2M	74.1M	72.4M	115.9M
Net margin	16%	59.2%	28.7%	21%	28.3%	27.6%	27.8%	19%	18%	22.6%
EBITDA	29.1M	43M	58.2M	60.1M	89.9M	128.3M	124.5M	166.9M	178.3M	230.6M
EPS	0.21	0.84	0.52	0.45	0.77	1.27	1.21	1.33	1.27	2
Diluted EPS	0.21	0.84	0.52	0.45	0.77	1.27	1.21	1.33	1.27	2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	101.4M	86.7M	87.8M	111.6M	99M	104.3M	94.2M	129.1M	161.1M	128.9M	99M	158.8M
Cost of revenue	66M	47.2M	53.6M	63M	61.4M	56.1M	58.6M	73.7M	91.3M	65.5M	61.1M	85.4M
Gross profit	35.4M	39.6M	34.2M	48.6M	37.6M	48.3M	35.6M	55.4M	69.8M	63.4M	37.9M	73.4M
Gross margin	34.9%	45.6%	39%	43.5%	38%	46.3%	37.8%	42.9%	43.3%	49.2%	38.3%	46.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4M	—	—	4.2M	4.2M	—	—	—	4.7M	—	—	—
Operating expenses	4.4M	22.6M	7.1M	4.7M	4.6M	23.9M	6.6M	6.4M	5.2M	25.9M	8.4M	7.3M
Operating income	20.3M	17.3M	16M	32.6M	21.3M	25.7M	16.9M	37M	52.9M	39.4M	18.2M	54.8M
Operating margin	20%	19.9%	18.2%	29.2%	21.5%	24.6%	17.9%	28.6%	32.9%	30.6%	18.4%	34.5%
Non-operating income, net	8.8M	4.3M	6.9M	5.3M	6.7M	3.9M	9.9M	7.3M	5.7M	3.3M	6.7M	3.9M
Pretax income	25.5M	16.3M	17.8M	32.8M	23.1M	24.7M	22.5M	39.7M	53.9M	39M	17.8M	55.1M
Income tax	6.8M	4.3M	4.6M	8.3M	6.4M	6.6M	5.8M	9.9M	13.7M	9.7M	4.5M	14.1M
Net income	18.7M	12M	13.1M	24.5M	16.6M	18.1M	16.7M	29.8M	40.2M	29.2M	13.3M	41M
Net margin	18.4%	13.9%	14.9%	22%	16.8%	17.4%	17.7%	23.1%	25%	22.7%	13.4%	25.8%
EBITDA	44.6M	36.4M	37.5M	52.6M	43.2M	45M	42.4M	59.5M	70.8M	57.9M	33M	73.4M
EPS	0.33	0.23	0.24	0.42	0.29	0.32	0.3	0.51	0.67	0.52	0.24	0.71
Diluted EPS	0.33	0.23	0.24	0.42	0.29	0.32	0.3	0.51	0.67	0.52	0.24	0.71

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	1.3B	—	1.2B	2.5B	3.1B	2.3B	3.5B	2.6B	3.4B	3.8B
Enterprise value	—	1.2B	—	1.3B	2.7B	3.3B	2.8B	4.1B	3.2B	3.9B	4.2B
Shares outstanding	74.5M	70.5M	62.7M	60M	59M	58.9M	58.7M	58.3M	58.3M	57.9M	57.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	21.5	—	44.6	55.1	41.6	32.3	47.4	36.2	29.7	30.9
P/S	—	12.7	—	9.36	15.6	11.5	8.99	9.01	6.51	6.7	6.83
P/B	—	2.15	—	2.25	4.41	4.9	3.49	5.02	3.56	4.44	4.9
EV/EBITDA	—	28.8	—	21.2	29.9	25.8	22.1	24.3	17.7	16.8	19.7
EV/Sales	—	12.4	—	10	16.7	12.4	10.9	10.4	7.84	7.57	7.59
Earnings yield	—	4.65%	—	2.24%	1.82%	2.41%	3.09%	2.11%	2.76%	3.37%	3.24%
FCF yield	—	1.75%	—	-3.68%	-3.37%	-1.36%	-9.29%	-1.03%	2.22%	4.85%	3.16%
PEG	—	—	—	—	—	—	—	—	—	—	0.79

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.8%	32.8%	53.5%	49.6%	51.6%	50.8%	42.2%	39.4%	41.5%	43.1%	46.2%
Operating margin	3.18%	3.58%	26.7%	24.6%	29.3%	35.4%	24.4%	23.3%	23.7%	28.5%	34.5%
Net margin	16%	59.2%	28.7%	21%	28.3%	27.6%	27.8%	19%	18%	22.6%	22.5%
ROE	2.25%	10%	5.93%	5.03%	8%	11.8%	10.8%	10.6%	9.83%	14.9%	16.2%
ROA	1.5%	6.43%	3.63%	2.93%	4.38%	6.1%	4.91%	4.86%	4.71%	7.63%	6.76%
ROIC	0.42%	0.64%	5.11%	3.77%	4.84%	8.12%	4.01%	5.39%	5.53%	8.96%	10.2%
Return on tangible assets	1.5%	6.43%	3.63%	2.93%	4.38%	6.1%	4.91%	4.86%	4.71%	7.63%	8.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	35.4	19	15.6	9.73	5.57	2.12	1	1.49	1.62	2.17	3.84
Quick ratio	9.62	-2.36	15.6	9.67	5.51	2.09	0.97	1.45	1.58	2.13	1.82
Debt / equity	0.34	0.39	0.46	0.51	0.59	0.64	0.87	0.91	0.85	0.74	0.71
Debt / assets	0.23	0.25	0.28	0.3	0.33	0.33	0.39	0.42	0.41	0.38	0.37
Net debt / EBITDA	-6.36	-0.84	0.72	1.41	2.03	1.89	3.91	3.28	3	1.92	1.85
Interest coverage	2.84	4.41	3.61	3.94	5.41	7.23	6.15	4.27	3.93	6.09	6.73
Effective tax rate	31.6%	0%	0%	26.1%	22.9%	25.3%	25.8%	26%	26.4%	25.3%	25.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.3	1.42	1.76	2.12	2.72	4.53	4.3	6.68	6.9	8.86	9.52
EPS (basic)	0.21	0.84	0.52	0.45	0.77	1.27	1.21	1.33	1.27	2	2
EPS (diluted)	0.21	0.84	0.52	0.45	0.77	1.27	1.21	1.33	1.27	2	2.13
Book value per share	9.22	8.4	8.5	8.83	9.63	10.6	11.1	12	12.6	13.4	13.4
FCF per share	0.08	0.32	0.26	-0.73	-1.43	-0.71	-3.59	-0.62	1	2.88	3.34
Cash per share	5.6	3.8	3.25	3.1	2.62	2.7	1.33	1.48	1.52	2.24	2.06
Capex per share	0.04	0.04	0.04	0.16	0.1	—	—	—	—	0.41	0.45

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.99%	3%	2.37%	7.36%	3.54%	—	—	—	—	4.64%	4.67%
Capex / operating cash flow	95.8%	5.67%	14.9%	202%	30.9%	—	—	—	—	12.5%	11.8%
Payout ratio	—	0%	0%	0%	9.06%	25.6%	33.5%	34.7%	41.9%	29%	29.1%
Dividend yield	—	0%	—	0%	0.16%	0.61%	1.04%	0.73%	1.16%	0.98%	0.97%

Yield

0.97%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.16

ex-dividend Aug 21, 2026

Payout ratio

29%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$0.16
Jun 9, 2026	$0.16
Mar 9, 2026	$0.16
Nov 13, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$101.4M	$86.7M	$87.8M	$111.6M	$99M	$104.3M	$94.2M	$129.1M	$161.1M	$128.9M	$99M	$158.8M
YoY change	+76.1%	+40.8%	+20.3%	-12.9%	-2.35%	+20.3%	+7.3%	+15.7%	+62.7%	+23.5%	+5.15%	+23%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	416.8M	268.3M	204.1M	185.8M	154.8M	159.1M	78.3M	86.1M	88.8M	129.6M
Receivables	4.6M	8.5M	17M	12.2M	16.5M	21.5M	19.1M	50.2M	40.4M	39.1M
Inventory	314.6M	332.6M	—	1.4M	2M	2.8M	4M	4.3M	4M	3.3M
Total current assets	432M	295.9M	243.1M	217.3M	195.5M	205.9M	123.1M	160.6M	148.7M	186.8M
Property, plant & equipment	9M	11.8M	12M	19.7M	21.7M	31.9M	40.3M	66.9M	63.5M	43.6M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	1B	921M	871M	909.2M	1B	1.2B	1.4B	1.5B	1.5B	1.5B
Accounts payable	4.4M	7.5M	10.1M	16.2M	25.4M	48.6M	69.9M	24.3M	22.8M	17.2M
Short-term debt	—	—	—	—	—	4.7M	4.7M	4.7M	3.4M	—
Total current liabilities	12.2M	15.6M	15.6M	22.3M	35.1M	97.1M	123.4M	108M	91.8M	86.1M
Long-term debt	231.3M	232.2M	246.1M	270.4M	337.3M	397M	560M	628.2M	621M	572.7M
Total liabilities	341.1M	328.4M	337.9M	379.6M	469.2M	582.1M	779.7M	825M	801.8M	742.8M
Shareholders' equity	686.8M	592.6M	533.1M	529.7M	568.2M	626.1M	651.1M	698.5M	736.7M	775.6M
Total debt	231.3M	232.2M	246.1M	270.4M	337.3M	401.7M	564.7M	632.9M	624.4M	572.7M
Net debt	-9.8M	40.1M	51M	84.7M	230.5M	331.6M	526.9M	546.8M	535.6M	443.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	126.1M	129.6M	136.3M	117.3M
Receivables	—	—	—	—	—	—	—	—	37M	39.1M	39.6M	55.2M
Inventory	—	—	—	—	—	—	—	—	3.9M	3.3M	3.8M	3.6M
Total current assets	—	—	—	—	—	—	—	—	180.9M	186.8M	190.6M	192.2M
Property, plant & equipment	—	—	—	—	—	—	—	—	47.6M	43.6M	41.3M	37.2M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	—	1.5B	1.5B	1.5B	1.5B
Accounts payable	—	—	—	—	—	—	—	—	16.8M	17.2M	18.6M	23.1M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	94.8M	86.1M	94.8M	103.6M
Long-term debt	—	—	—	—	—	—	—	—	581.1M	572.7M	562M	551.5M
Total liabilities	—	—	—	—	—	—	—	—	763M	742.8M	743.4M	735.4M
Shareholders' equity	—	—	—	—	—	—	—	—	770.9M	775.6M	774.4M	773M
Total debt	—	—	—	—	—	—	—	—	581.1M	572.7M	562M	551.5M
Net debt	—	—	—	—	—	—	—	—	455M	443.1M	425.7M	434.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	15.5M	59.2M	31.6M	26.7M	45.5M	73.7M	70.2M	74.1M	72.4M	115.9M
Depreciation & amortization	8.6M	8.9M	9M	10.3M	12.8M	18.2M	22.9M	38.8M	46.4M	47.5M
Stock-based compensation	131K	76K	263K	77K	45K	0	364K	820K	1.2M	1.2M
Change in working capital	-39.6M	13.8M	3.2M	5.9M	-5.9M	1.1M	17.3M	12.1M	234K	4.8M
Operating cash flow	3M	53M	17.5M	4.6M	18.4M	56M	6.7M	34.7M	39M	190.7M
Capital expenditure	-2.9M	-3M	-2.6M	-9.4M	-5.7M	—	—	—	—	-23.8M
Investing cash flow	21M	73.6M	66.8M	34.4M	-59.2M	-43.6M	57.4M	40.1M	-670K	-26.2M
Dividends paid	—	0	0	0	-4.1M	-18.8M	-23.5M	-25.7M	-30.3M	-33.6M
Share repurchases	-14.8M	-147.4M	-93.4M	-20.8M	-8.8M	0	-20M	0	-3.4M	-40.3M
Financing cash flow	-5.6M	-149.2M	-79.9M	-9.4M	59.4M	48.6M	112.5M	40.8M	-52.1M	-124.3M
Net change in cash	18.5M	-22.7M	4.5M	29.7M	18.6M	61M	176.5M	115.6M	-13.7M	40.2M
Free cash flow	6.1M	22.3M	16M	-43.8M	-84.4M	-41.7M	-210.9M	-36.1M	58.1M	166.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	18.7M	12M	13.1M	24.5M	16.6M	18.1M	16.7M	29.8M	40.2M	29.2M	13.3M	41M
Depreciation & amortization	10.7M	11.3M	11.2M	11.3M	11.8M	12.1M	12.1M	12M	11.7M	11.7M	11.4M	11.4M
Stock-based compensation	226K	227K	231K	324K	327K	327K	310K	305K	309K	308K	327K	343K
Change in working capital	34.2M	-15.7M	7.8M	-10.5M	9.3M	-6.4M	13.1M	-3.4M	7.2M	-12M	14.5M	-17.3M
Operating cash flow	26.9M	-3.8M	15.5M	7.3M	14.5M	1.8M	14.4M	31.1M	86.2M	44.4M	42.2M	43.9M
Capital expenditure	—	—	—	—	—	—	—	-8.7M	-5.6M	-4M	-7.6M	-8.5M
Investing cash flow	18.2M	10M	-490K	10K	-190K	0	-1M	-9.3M	-1.4M	-8.9M	-8.9M	-9.9M
Dividends paid	-7M	-7M	-7M	-7M	-8.2M	-8.2M	-8.2M	-8.1M	-8.1M	-9.2M	-9.2M	-9.1M
Share repurchases	0	0	—	—	—	—	-5.7M	-10.6M	-8.8M	-15.2M	-5.2M	-32.7M
Financing cash flow	-480K	-6.1M	-9.5M	-11.9M	-13M	-14.3M	-17.1M	-26.6M	-48.1M	-32.5M	-25.9M	-53.3M
Net change in cash	44.6M	11K	5.5M	-4.6M	1.3M	-12.6M	-3.7M	-4.8M	36.7M	3M	7.4M	-19.3M
Free cash flow	9.8M	-16.6M	13.3M	8.9M	14M	21.8M	23.4M	22.4M	80.7M	40.4M	34.7M	35.5M

Date	Ratio
Jan 13, 1998	3:1
Mar 23, 1990	50:1

The St. Joe Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history