ST JOE Co JOE

Real estate SIC 6552 - Land Subdividers & Developers (No Cemeteries) NAICS Construction › Heavy and Civil Engineering Construction › Land Subdivision derived NYSE

As used throughout this Annual Report on Form 10-K ("Form 10-K"), the terms "St. Joe," the "Company," "we," "our," or "us" include The St. Joe Company, its consolidated subsidiaries and consolidated joint ventures unless the context indicates otherwise.

St. Joe was incorporated in the State of Florida in 1936. We are a diversified real estate development, asset management and operating company. As of December 31, 2025, we owned 165,000 acres of land in Northwest Florida, compared to 167,000 acres and 168,000 acres as of December 31, 2024 and 2023, respectively. A portion of our land is within the Bay-Walton Sector Plan ("Sector Plan") that entitles or gives legal rights for us to originally develop over 170,000 residential dwelling units, over 22 million square feet of retail, commercial and industrial space and over 3,000 hotel rooms on lands within Florida's Bay and Walton counties. We also have additional entitlements, or legal rights, to develop acreage outside of the Sector Plan. Approximately 87% of our real estate is located in Florida's Bay, Gulf, and Walton counties. Approximately 90% of our real estate land holdings are located within fifteen miles of the Gulf of America, formerly known as the Gulf of Mexico (the "Gulf"). For additional information regarding our properties, see Item 2. Properties included in this Form 10-K.

Last close 67.57 2026-10-23
Market cap $3.85B 2026-06-30 share count
52-week range 48.81 - 73.54

Valuation FY2025 figures against the last close

P/S7.5x
P/E34.0x
P/FCF20.6x
EV/EBITDA21.2x
Dividend yield0.9%
Diluted EPS1.99

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $513.2M$402.7M$389.3M$252.3M$267.0M$160.6M$127.1M$110.3M$100.0M$96.9M
Cost of revenue ——————$64.1M$51.3M$67.2M$62.2M
Gross profit $221.0M$167.2M$153.3M$106.4M——$63.0M$59.0M$32.8M$34.7M
Total operating expenses $367.0M$307.2M$298.6M$190.9M$172.5M$113.5M$95.8M$80.9M$96.5M$93.8M
Operating income $146.2M$95.6M$90.7M$61.5M$94.5M$47.1M$31.3M$29.4M$3.6M$3.1M
Interest expense $30.5M$33.6M$30.6M$18.4M$15.9M$13.6M$12.3M$11.8M$12.1M$12.3M
Pre-tax income $155.1M$98.3M$100.1M$94.6M$98.7M$59.1M$36.2M$30.9M$41.4M$22.6M
Income tax $39.2M$26.0M$26.0M$24.4M$25.0M$13.7M$9.4M$736.0K$17.9M$7.1M
Net income $115.6M$74.2M$77.7M$70.9M$74.6M$45.2M$26.8M$32.4M$59.6M$15.9M
EPS, basic 2.001.271.331.211.270.770.45———
EPS, diluted 1.991.271.331.211.270.770.450.520.840.21
Shares, diluted (wtd. avg.) 58.0M58.3M58.3M58.7M58.9M59.0M60.0M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $129.6M$88.8M$86.1M$45.3M$74.4M$110.1M$188.7M$198.1M$192.5M$243.6M
Inventory $3.3M$4.0M$4.2M$4.0M$2.8M$2.0M$1.4M———
Property, plant and equipment $41.3M$59.1M$66.0M$39.6M$31.1M$20.8M$19.0M$12.0M$11.8M$9.0M
Total assets $1.52B$1.54B$1.52B$1.43B$1.21B$1.04B$909.2M$871.0M$921.0M$1.03B
Long-term debt $391.2M$437.8M$453.6M$385.9M$223.0M$158.9M$92.5M$69.4M$55.6M$55.0M
Total liabilities $742.8M$801.8M$825.0M$779.7M$582.1M$469.2M$379.6M$337.9M$328.4M$341.1M
Retained earnings $536.2M$454.2M$410.4M$358.3M$310.9M$255.2M$214.2M$187.4M$154.3M$94.7M
Total equity $766.3M$724.3M$698.5M$651.1M$626.1M$568.2M$529.7M$533.1M$592.6M$686.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $190.7M$108.0M$103.8M$48.2M$111.8M$37.3M$30.4M$41.4M$53.7M$10.7M
Depreciation and amortisation $47.5M$46.4M$38.8M$22.9M$18.2M$12.8M$10.3M$9.0M$8.9M$8.6M
Stock-based compensation $1.2M$1.2M$820.0K$364.0K—$45.0K$77.0K$263.0K$76.0K$131.0K
Capital expenditure $4.1M$7.7M$6.2M$7.3M$4.3M$5.7M$9.4M$2.6M$3.0M$1.3M
Investing cash flow -$26.2M-$50.4M-$99.1M-$189.8M-$196.1M-$175.3M-$30.4M$44.1M$44.4M$21.0M
Financing cash flow -$124.3M-$52.1M$40.8M$112.5M$48.6M$59.4M-$9.4M-$79.9M-$149.2M-$5.6M
Dividends paid $33.6M$30.3M$25.7M$23.5M$18.8M$4.1M$0———
Buybacks $40.3M$3.4M—$20.0M—$8.8M$20.8M$93.4M$147.4M$14.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-019676.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2016: 96.9M Gross profit, FY2016: 34.7M Net income, FY2016: 15.9M Revenue, FY2017: 100M Gross profit, FY2017: 32.8M Net income, FY2017: 59.6M Revenue, FY2018: 110.3M Gross profit, FY2018: 59M Net income, FY2018: 32.4M Revenue, FY2019: 127.1M Gross profit, FY2019: 63M Net income, FY2019: 26.8M Revenue, FY2020: 160.6M Net income, FY2020: 45.2M Revenue, FY2021: 267M Net income, FY2021: 74.6M Revenue, FY2022: 252.3M Gross profit, FY2022: 106.4M Net income, FY2022: 70.9M Revenue, FY2023: 389.3M Gross profit, FY2023: 153.3M Net income, FY2023: 77.7M Revenue, FY2024: 402.7M Gross profit, FY2024: 167.2M Net income, FY2024: 74.2M Revenue, FY2025: 513.2M Gross profit, FY2025: 221M Net income, FY2025: 115.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $96.9M $100.0M $110.3M $127.1M $160.6M $267.0M $252.3M $389.3M $402.7M $513.2M
Gross profit $34.7M $32.8M $59.0M $63.0M — — $106.4M $153.3M $167.2M $221.0M
Net income $15.9M $59.6M $32.4M $26.8M $45.2M $74.6M $70.9M $77.7M $74.2M $115.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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