JOENYSELand Subdividers & Developers (No Cemeteries)Fiscal year ends December 31
ST JOE Co
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$67.52−0.89 (-1.30%)
Close on Oct 19, 2026
- Market cap
- $3.86B
- P/E (TTM)
- 31.6
- Dividend yield
- 0.86%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
43.1%−8.5 pts over 5 years
Operating margin
28.5%−0.8 pts over 5 years
Net margin
22.5%−5.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +27.4% | +26.7% | +26.2% | +17.3% | |
| Gross profit | +32.1% | +27.6% | +21.7% | +19.6% | |
| Operating income | +53.0% | +33.5% | +25.4% | – | |
| Net income | +55.9% | +17.7% | +20.7% | – | |
| EPS, diluted | +56.7% | +18.0% | +20.9% | – | |
| Free cash flow | +86.2% | +65.9% | +42.6% | +25.1% | |
| Dividend per share | +11.5% | +13.2% | +52.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 2.4% | 8.4% | 15.5% | |
| Return on assets | 1.6% | 4.6% | 7.6% | |
| Interest coverage | 0.3× | 3.5× | 4.8× | |
| Inventory turnover | – | 45.6× | 79.6× | |
| Capex to revenue | 1.3% | 3.5% | 0.8% | |
| Diluted shares | 74M | 59M | 58M |
Where the cash went
Fiscal 2021 to 2025, five years combined
St Joe generated $562.56M from operations and spent $225.21M on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$562.56M
Used
$225.21M
Capital expenditure$29.64M13%Dividends$131.97M59%Share buybacks$63.61M28%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin22.5%
×Asset turnover0.34×
×Equity multiplier2.05×
=Return on equity, FY202515.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 22.5% | 0.34× | 2.05× | 15.5% |
| FY2024 | 18.4% | 0.26× | 2.18× | 10.5% |
| FY2023 | 20.0% | 0.26× | 2.25× | 11.8% |
| FY2022 | 28.1% | 0.19× | 2.13× | 11.5% |
| FY2021 | 27.9% | 0.24× | 1.94× | 12.9% |
| FY2020 | 28.2% | 0.16× | 1.82× | 8.4% |
| FY2019 | 21.1% | 0.14× | 1.72× | 5.2% |
| FY2018 | 29.4% | 0.12× | 1.64× | 5.9% |
| FY2017 | 59.6% | 0.10× | 1.56× | 9.6% |
| FY2016 | 16.4% | 0.10× | 1.51× | 2.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$115.63M
- Cash generatingOperating cash flow above zero$190.70M
- Return on assets improvedROA up on the prior year4.9% → 7.5%
- Earnings backed by cashOperating cash flow above net income$190.70M vs $115.63M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise58M → 58M
- Gross margin improvedGross margin up on the prior year41.52% → 43.05%
- More efficientAsset turnover rose0.26 → 0.33