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JOE

The St. Joe Company

JOE

The St. Joe Company • NYSE
$60.33 ▼ -0.69% (-0.42)
Market Cap $3.48 B
52w High $61.82
52w Low $40.19
Dividend Yield 0.64%
P/E 33.52
Volume 84.86K
Outstanding Shares 57.74M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $161.076M ▲ $65.636M ▼ $38.707M ▲ 24.03% ▲ $0.67 ▲ $73.381M ▲
Q2-2025 $129.082M ▲ $68.318M ▲ $29.524M ▲ 22.872% ▲ $0.51 ▲ $48.946M ▲
Q1-2025 $94.197M ▼ $18.71M ▼ $17.461M ▼ 18.537% ▲ $0.3 ▼ $29.024M ▼
Q4-2024 $104.334M ▲ $22.531M ▲ $18.92M ▲ 18.134% ▲ $0.32 ▲ $44.966M ▲
Q3-2024 $99.011M $16.378M $16.835M 17.003% $0.29 $33.054M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $126.053M ▲ $1.534B ▼ $763.044M ▼ $760.713M ▲
Q2-2025 $88.158M ▼ $1.548B ▲ $798.452M ▼ $738.764M ▲
Q1-2025 $94.535M ▲ $1.547B ▲ $808.334M ▲ $727.852M ▲
Q4-2024 $88.8M ▲ $1.539B ▼ $801.839M ▼ $724.28M ▲
Q3-2024 $82.745M $1.546B $815.965M $716.406M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.195M ▼ $86.213M ▲ $-1.388M ▲ $-48.098M ▼ $37.895M ▲ $85.212M ▲
Q2-2025 $29.524M ▲ $31.063M ▲ $-9.33M ▼ $-26.564M ▼ $-6.377M ▼ $29.709M ▲
Q1-2025 $17.461M ▲ $29.016M ▼ $-6.574M ▲ $-17.104M ▲ $5.338M ▲ $23.446M ▲
Q4-2024 $17.313M ▲ $29.841M ▲ $-8.01M ▲ $-17.695M ▼ $4.136M ▲ $21.831M ▲
Q3-2024 $16.65M $27.729M $-13.838M $-13.005M $886K $14.006M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Hospitality
Hospitality
 $0 ▲$40.00M ▲$70.00M ▲$60.00M ▼
Real Estate
Real Estate
 $80.00M ▲$40.00M ▼$40.00M ▲$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have grown meaningfully over the past five years, helped by steady project build‑out and expanding hospitality and commercial activities. Margins look reasonably healthy for a real estate developer, suggesting the company is turning land into higher‑value projects rather efficiently. That said, net income has been fairly flat the last few years despite higher sales, which hints at rising costs, mix shifts, or heavier ongoing investment. Overall, the income statement shows a business that has scaled up but is still working to translate that growth into consistently higher bottom‑line earnings.

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown its asset base steadily, likely reflecting development spending and a larger portfolio of income‑producing properties. Equity has also increased, which is a positive sign for long‑term capital strength. Debt has climbed over time, meaning the business has leaned more on borrowing to fund its expansion. This leverage is typical for real estate, but it does raise sensitivity to interest rates, refinancing conditions, and any slowdown in demand. Cash on hand is relatively modest, so access to financing and ongoing cash generation are important watchpoints.

Cash Flow

Cash Flow Cash flow from operations has become stronger over time, indicating that the underlying business is generating more cash as projects mature and recurring revenues build. Historically, free cash flow was negative for several years because of heavy investment in new developments and assets. More recently, free cash flow has turned positive as spending eased and operating cash improved, which is a constructive shift. The pattern suggests a transition from a largely build‑and‑invest phase toward a more cash‑generating phase, though future expansion waves could again pull free cash flow down if the company accelerates investment.

Competitive Edge

Competitive Edge St. Joe’s core advantage is its large, well‑located land bank in Northwest Florida, much of it in areas with lifestyle and retirement appeal. Control of so much contiguous land gives it unusual flexibility in how and when it develops, which is hard for rivals to match. Its master‑planned communities, strong local brand, and mix of residential, hospitality, and commercial projects create an ecosystem effect, where each piece supports the others. Strategic partnerships with experienced builders and healthcare providers deepen this moat. The main competitive risks are concentration in a single region, exposure to real estate cycles, and vulnerability to coastal and weather‑related factors.

Innovation and R&D

Innovation and R&D Innovation here is more about strategy and planning than about technology. St. Joe focuses on long‑horizon, master‑planned communities that sell a lifestyle, not just a home or a storefront. Its use of themed communities, joint ventures with specialty builders, and integrated amenities like hotels, clubs, and town centers shows a thoughtful approach to value creation. The company also emphasizes conservation and “smart growth,” which can support long‑term appeal and community resilience. While it is not a leader in cutting‑edge building tech, there is room for further innovation in sustainability, energy efficiency, and smart‑home integration as future differentiators.

Summary

St. Joe looks like a maturing land‑rich developer that has moved from simply owning land to actively building out large, lifestyle‑oriented communities with growing recurring income streams. Financially, it shows clear top‑line and asset growth, improving operating cash flow, and rising equity, offset by higher leverage and a recent pause in net income growth. Strategically, its moat is anchored in irreplaceable land, a strong regional brand, and a diversified mix of residential, hospitality, and commercial assets. Key things to monitor include how effectively new projects convert into sustained earnings, how the company manages its debt load, and how regional economic, demographic, and environmental trends in Northwest Florida evolve over time.

NEWS

November 12, 2025 · 4:05 PM UTC

The St. Joe Company Earns Great Place to Work Certification™ for the Second Year in a Row Recognizing Outstanding Workplace Culture

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November 6, 2025 · 4:15 PM UTC

Watersound® Town Center Announces New Tenants as Growth Accelerates and Construction Continues on Leasable Space

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October 29, 2025 · 4:10 PM UTC

The St. Joe Company Reports Third Quarter and First Nine Months of 2025 Results and Increases Quarterly Dividend by 14% to $0.16 Per Share

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