St. Joe Company (The)

JOE Real Estate Real Estate Diversified

St. Joe Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $513.2 million, up 27.4% from fiscal 2024. In the quarter to June 2026, revenue grew 23.1%, EPS grew 39.2%, free cash flow grew 58.7% and total debt fell 9.34%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three, operating cash flow growth for three.

68.41 0.66 +0.97%
Market cap
$3.9B
P/E
32.0×
Fwd P/E
32.0×
Dividend yield
0.94%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total sells 82.31
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 1 2 2 — 2 4 — — — —
Insider Ownership 4.09%

Capital & Financial Ratios $m

Market Cap 3,860.00
Revenue 547.84
Net Income 123.71
Free Cash Flow 195.82
Net Debt 432.01
Current Ratio 1.84
Debt/Equity 0.71
P/E ratio 31.97
Fwd P/E 32.00
P/S ratio 7.14
P/B ratio 5.06
Past 5Y EPS Growth 21.03% (at or above 15%: strong)
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (5.62%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 23.45%
10-year low 10-year high
P/S against its own 10 years 13.82%
10-year low 10-year high
P/B against its own 10 years 94.29%
10-year low 10-year high
EV/Sales against its own 10 years 8.04%
10-year low 10-year high
EV/FCF against its own 10 years 6.83%
10-year low 10-year high

Dividends

Payout Ratio 0.30
Annual Dividend Rate 0.64
Annual Dividend Yield 0.94%
total individual payouts
2026 0.48
0.16
0.16
0.16
2025 0.58
0.14
0.14
0.14
0.16
2024 0.52
0.12
0.12
0.14
0.14
2023 0.44
0.10
0.10
0.12
0.12
2022 0.40
0.10
0.10
0.10
0.10
2021 0.32
0.08
0.08
0.08
0.08
2020 0.07
0.07
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 86 89 130 117
Receivables — — — —
Inventory — — — —
Other — — — —
86 89 130 117
2023 2024 2025 Q'26
Payables 59 54 48 64
ST’ Debt — — — —
Other — — — —
59 54 48 64

Compound Annual Growth %

10y 5y 3y
Sales 17.32% 26.17% 26.70%
Cash Flow 23.87% 38.57% 58.14%
Earnings 0.00% 20.66% 17.69%
Book Value 1.42% 6.42% 6.01%

Revenue $m

Mar Jun Sep Dec Year
’26 99 159 — — —
’25 94 129 161 129 513
’24 88 112 99 104 403
’23 73 128 101 87 389
’22 65 68 58 62 252
’21 41 72 54 99 267
’20 19 36 42 64 161
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 42 44 — — —
’25 29 31 86 44 191
’24 28 23 28 30 108
’23 19 34 39 12 104
’22 20 9 1 18 48
’21 10 37 18 47 112
’20 3 9 10 15 37
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 35 35 — — —
’25 24 22 85 40 172
’24 13 9 14 22 58
’23 (25) (4) 10 (17) (36)
’22 (33) (47) (49) (81) (211)
’21 (15) (7) (25) 6 (42)
’20 (31) (22) (20) (12) (84)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.24 0.71 — — —
’25 0.30 0.51 0.67 0.52 2.00
’24 0.24 0.42 0.29 0.32 1.27
’23 0.18 0.60 0.33 0.23 1.33
’22 0.23 0.29 0.21 0.48 1.21
’21 0.05 0.41 0.26 0.54 1.27
’20 (0.03) 0.33 0.13 0.34 0.77
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 14.27 16.30 12.63 12.77 15.32 39.80 31.11 38.35 43.50 40.19

Analyst estimates 2026–2028

Powerpack
High 21.90 19.90 20.00 20.68 49.98 57.55 62.21 65.99 64.69 63.13
People
People Employees 47 47 53 55 517 608 714 978 1,057 1,131
Revenue/emp, $m 2.06 2.13 2.08 2.31 0.31 0.44 0.35 0.40 0.38 0.45
Income, $m
Income, $m Revenue 97 100 110 127 161 267 252 389 403 513
Gross margin, % 35.79 32.83 53.46 49.57 51.56 50.82 42.18 39.38 41.52 43.05
EBT 23 41 31 36 59 99 95 100 98 155
EBT margin, % 23.34 41.34 27.99 28.47 36.84 36.98 37.50 25.70 24.42 30.22
Net income 15 59 32 27 45 74 70 74 72 116
Depreciation 9 9 9 10 13 18 24 40 47 48
Per share, $
Per share, $ Revenue 1.30 1.42 1.76 2.12 2.72 4.53 4.30 6.68 6.90 8.86
Earnings 0.21 0.84 0.52 0.45 0.77 1.27 1.21 1.33 1.27 2.00
Cash flow 0.14 0.76 0.66 0.51 0.63 1.90 0.82 1.78 1.85 3.29
Capex (0.06) (0.41) (0.32) (1.24) (2.06) (2.61) (4.41) (2.40) (0.85) (0.33)
Free cash flow 0.08 0.35 0.34 (0.73) (1.43) (0.71) (3.59) (0.62) 1.00 2.96
Book value 9.22 8.40 8.50 8.83 9.63 10.63 11.09 11.98 12.63 13.39
Shares, m 74 71 63 60 59 59 59 58 58 58
Valuation, ×
Valuation, × P/E 86.59 20.86 25.82 44.07 55.13 41.31 32.40 43.90 35.38 29.69
P/S 14.64 12.80 7.49 9.36 15.60 11.48 9.12 8.81 6.51 6.70
P/B 2.07 2.16 1.55 2.25 4.41 4.90 3.54 4.91 3.56 4.44
EV/Sales 14.54 13.20 7.95 10.02 17.03 12.72 11.21 10.21 7.82 7.56
EV/FCF 229.35 53.21 41.68 (29.12) (32.38) (81.48) (13.41) (110.31) 54.14 22.63
Cash, $m
Cash, $m Operating cash flow 11 54 41 30 37 112 48 104 108 191
Capex (5) (29) (20) (74) (122) (153) (259) (140) (50) (19)
Free cash flow 6 25 21 (44) (84) (42) (211) (36) 58 172
Balance, $m
Balance, $m Working capital 276 206 195 186 107 70 (57) 27 35 81
Total debt 231 232 246 270 336 401 564 632 616 570
Net debt (10) 40 51 84 229 330 526 546 527 440
Shareholders’ equity 687 593 533 530 568 626 651 698 737 776
Returns, %
Returns, % ROA 1.58 6.11 3.61 3.01 4.64 6.64 5.38 5.26 4.85 7.56
ROIC 0.28 0.35 3.15 3.19 3.69 6.17 3.26 4.56 4.73 7.52
ROE 2.34 9.31 5.75 5.04 8.23 12.49 11.11 11.52 10.34 15.29
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

St. Joe Company (The) vs peers in the Real Estate sector (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HHH Howard Hughes Holdings Inc. $4.2B 13.9× 21.6× +330.21% (above 0%: growing) n/m +363.10% (above 0%: growing) 37.28% 21.35% Compare
KRC Kilroy Realty Corporation $4.1B 24.4× 155× −6.04% (below 0%: shrinking) −70.69% (below 0%: shrinking) −83.18% (below 0%: shrinking) 65.29% 23.99% Compare
SKT Tanger Inc. $4.1B 31.9× 35.3× +11.15% (above 0%: growing) +7.41% (above 0%: growing) −86.16% (below 0%: shrinking) 70.92% 30.98% Compare
APLE Apple Hospitality REIT, Inc. $4.0B 23.0× 23.1× +4.73% (above 0%: growing) +3.70% (above 0%: growing) +26.31% (above 0%: growing) 62.61% 21.90% Compare
COLD Americold Realty Trust Inc. $4.0B — (loss-making) — (loss-making) +1.87% (above 0%: growing) n/m +63.81% (above 0%: growing) 32.08% (43.42%) Compare
JOE St. Joe Company (The) $3.9B 32.0× 32.0× +23.05% (above 0%: growing) +39.22% (above 0%: growing) +58.68% (above 0%: growing) 46.23% 34.49%
LXP LXP Industrial Trust $3.6B 61.1× 614× +0.45% (above 0%: growing) n/m −175.97% (below 0%: shrinking) 81.64% 16.08% Compare
SLG SL Green Realty Corporation $3.6B — (loss-making) — (loss-making) +9.13% (above 0%: growing) n/m +7,443.12% (above 0%: growing) 48.82% 7.84% Compare
IRT Independence Realty Trust, Inc. $3.6B 80.1× 120× +3.12% (above 0%: growing) −51.67% (below 0%: shrinking) −14.38% (below 0%: shrinking) 57.36% 15.51% Compare
Median of peers $4.0B 28.1× 77.7× +3.93% −23.99% +5.96% 59.99% 18.71%

All 245 Real Estate stocks →

St. Joe Company (The) (JOE) key facts

  • Strength: St. Joe Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $513.2 million, up 27.4% from fiscal 2024.
  • St. Joe Company (The) (JOE) is a Real Estate Diversified company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, JOE traded at $68.41, a market capitalization of $3.9 billion.
  • St. Joe Company (The) pays an annual dividend of $0.64 per share, a yield of 0.94%, with a payout ratio of 29.9%.
  • Return on equity was 15.3% and debt-to-equity 0.71.
  • Its Piotroski F-score is 9 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/JOE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com