St. Joe (JOE) Financials

$64.16 +0.62 (+0.98%)

Closing price 03:59 PM Eastern

Extended Trading

$64.19 +0.03 (+0.05%)

As of 04:10 PM Eastern

Annual Income Statements for St. Joe

This table shows St. Joe's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-1.73	16	60	32	27	45	75	71	78	74	116
Consolidated Net Income / (Loss)	-1.97	15	59	32	27	45	74	70	74	72	116
Net Income / (Loss) Continuing Operations	-1.97	15	59	32	27	45	74	70	74	72	116
Total Pre-Tax Income	-1.16	23	41	31	36	59	99	95	100	98	155
Total Operating Income	-6.14	3.08	3.58	29	31	47	94	61	91	96	146
Total Gross Profit	104	35	33	59	127	161	267	106	389	403	221
Total Revenue	104	97	100	110	127	161	267	252	389	403	513
Operating Revenue	104	97	100	110	127	161	267	252	389	403	513
Total Cost of Revenue	0.00	62	67	51	0.00	0.00	0.00	146	0.00	0.00	292
Operating Cost of Revenue	-	62	67	51	-	-	-	146	-	-	292
Total Operating Expenses	110	32	29	30	96	113	173	45	299	307	75
Selling, General & Admin Expense	33	23	20	21	21	23	23	22	24	25	27
Depreciation Expense	9.49	8.57	8.89	9.00	10	13	18	23	39	46	47
Total Other Income / (Expense), net	4.97	20	38	1.46	4.86	12	4.27	33	9.33	2.76	8.88
Interest Expense	11	12	12	12	12	14	16	18	31	34	30
Interest & Investment Income	23	18	35	12	11	4.32	6.39	36	36	37	39
Other Income / (Expense), net	-6.29	14	15	1.15	6.45	21	14	16	3.96	-0.74	0.58
Income Tax Expense	0.81	7.15	-18	-0.74	9.45	14	25	24	26	26	39
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.24	-0.43	-0.34	-0.77	-0.11	0.28	-0.80	-0.70	-3.66	-1.79	0.26
Basic Earnings per Share	($0.02)	$0.21	$0.84	$0.52	$0.45	$0.77	$1.27	$1.21	$1.33	$1.27	$2.00
Weighted Average Basic Shares Outstanding	87.83M	74.46M	70.55M	62.73M	59.99M	59.01M	58.88M	58.72M	58.31M	58.33M	57.94M
Diluted Earnings per Share	($0.02)	$0.21	$0.84	$0.52	$0.45	$0.77	$1.27	$1.21	$1.33	$1.27	$1.99
Weighted Average Diluted Shares Outstanding	87.83M	74.46M	70.55M	62.73M	59.99M	59.01M	58.88M	58.72M	58.32M	58.35M	57.96M
Weighted Average Basic & Diluted Shares Outstanding	87.83M	74.46M	70.55M	62.73M	59.99M	59.01M	58.34M	-	58.37M	58.33M	57.54M
Cash Dividends to Common per Share	-	-	-	$0.00	$0.00	$0.07	$0.32	$0.40	$0.44	$0.52	$0.58

This table shows St. Joe's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	13	14	25	17	19	17	30	39	30	14
Consolidated Net Income / (Loss)	19	12	13	25	17	18	17	30	40	29	13
Net Income / (Loss) Continuing Operations	19	12	13	25	17	18	17	30	40	29	13
Total Pre-Tax Income	25	16	18	33	23	25	22	40	54	39	18
Total Operating Income	20	17	16	33	21	26	17	37	53	39	18
Total Gross Profit	101	87	88	112	99	104	36	129	161	-163	99
Total Revenue	101	87	88	112	99	104	94	129	161	129	99
Operating Revenue	101	87	88	112	99	104	94	129	161	129	99
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	59	0.00	0.00	292	0.00
Total Operating Expenses	81	69	72	79	78	79	19	92	108	-203	81
Selling, General & Admin Expense	6.17	6.37	7.10	5.85	6.00	6.31	6.58	6.44	6.90	7.35	8.37
Depreciation Expense	11	11	11	11	12	12	12	12	12	12	11
Other Operating Expenses / (Income)	64	52	54	62	60	60	-	74	90	-	61
Total Other Income / (Expense), net	5.17	-0.97	1.80	0.20	1.79	-1.02	5.58	2.76	1.01	-0.47	-0.38
Interest Expense	8.41	8.79	8.55	8.52	8.38	8.13	7.78	7.76	7.79	7.16	7.09
Interest & Investment Income	12	7.82	11	8.82	10	7.24	14	11	6.60	7.85	6.80
Other Income / (Expense), net	1.23	-	-0.45	-0.10	-0.05	-0.14	-0.23	-0.23	2.20	-1.16	-0.08
Income Tax Expense	6.76	4.30	4.65	8.30	6.41	6.59	5.81	9.95	14	9.74	4.51
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.71	-1.15	-0.81	0.01	-0.19	-0.80	-0.79	0.25	1.50	-0.70	-0.65
Basic Earnings per Share	$0.33	$0.22	$0.24	$0.42	$0.29	$0.32	$0.30	$0.51	$0.67	$0.52	$0.24
Weighted Average Basic Shares Outstanding	58.31M	58.31M	58.32M	58.33M	58.33M	58.33M	58.24M	58.06M	57.84M	57.94M	57.49M
Diluted Earnings per Share	$0.33	$0.22	$0.24	$0.42	$0.29	$0.32	$0.30	$0.51	$0.67	$0.51	$0.24
Weighted Average Diluted Shares Outstanding	58.33M	58.32M	58.34M	58.35M	58.35M	58.35M	58.26M	58.06M	57.86M	57.96M	57.51M
Weighted Average Basic & Diluted Shares Outstanding	58.37M	58.37M	58.40M	58.40M	58.40M	58.33M	58.22M	57.91M	57.74M	57.54M	57.41M
Cash Dividends to Common per Share	$0.12	-	$0.12	$0.12	$0.14	-	$0.14	$0.14	$0.14	-	$0.16

This table details how cash moves in and out of St. Joe's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	178	26	-51	5.62	-9.40	-79	-36	-29	45	5.55	40
Net Cash From Operating Activities	22	11	54	41	30	37	112	48	104	108	191
Net Cash From Continuing Operating Activities	22	11	54	41	30	37	112	48	104	108	191
Net Income / (Loss) Continuing Operations	-1.97	15	59	32	27	45	74	70	74	72	116
Consolidated Net Income / (Loss)	-1.97	15	59	32	27	45	74	70	74	72	116
Depreciation Expense	9.49	8.57	8.89	9.00	10	13	18	23	39	46	47
Amortization Expense	-	-	-	-	-	-	-	1.01	1.00	0.98	0.88
Non-Cash Adjustments To Reconcile Net Income	21	-13	-14	2.42	-21	-23	2.82	-68	-11	-11	28
Changes in Operating Assets and Liabilities, net	-6.22	-0.63	0.08	-1.60	14	2.17	17	22	1.38	-0.57	-1.37
Net Cash From Investing Activities	445	21	44	44	-30	-175	-196	-190	-99	-50	-26
Net Cash From Continuing Investing Activities	445	21	44	44	-30	-175	-196	-190	-99	-50	-26
Purchase of Property, Plant & Equipment	-2.47	-1.30	-3.01	-2.62	-74	-122	-154	-259	-140	-50	-24
Acquisitions	-	-	-	-	-1.12	-11	-9.88	-2.51	-2.31	-1.73	-7.82
Purchase of Investments	-342	-358	-116	-22	-5.87	-59	-158	-97	-37	0.00	0.00
Sale of Property, Plant & Equipment	0.00	0.00	2.52	5.00	0.07	0.01	0.03	0.05	0.07	0.09	4.63
Sale and/or Maturity of Investments	796	383	189	87	38	15	120	158	80	0.23	0.00
Other Investing Activities, net	-6.62	-3.23	-28	-23	13	1.48	5.64	11	0.79	0.98	0.79
Net Cash From Financing Activities	-290	-5.56	-149	-80	-9.38	59	49	112	41	-52	-124
Net Cash From Continuing Financing Activities	-290	-5.56	-149	-80	-9.38	59	49	112	41	-52	-124
Repayment of Debt	-33	-0.50	-1.31	-2.52	-2.76	-3.73	-3.73	-22	-54	-18	-115
Repurchase of Common Equity	-305	-15	-147	-93	-21	-8.80	0.00	-20	0.00	-3.36	-40
Payment of Dividends	-0.07	-0.60	-2.33	-1.51	-0.60	-4.74	-20	-26	-28	-31	-37
Issuance of Debt	-	0.00	1.62	17	24	69	69	184	122	1.10	68
Issuance of Common Equity	0.00	10	0.19	0.89	2.55	7.75	3.19	3.82	1.43	0.00	0.00
Other Financing Activities, net	48	0.00	0.00	0.00	-12	-0.06	-0.10	-7.82	-0.15	-0.16	-0.18

This table details how cash moves in and out of St. Joe's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	28	-12	3.46	-2.93	0.89	4.14	5.34	-4.83	37	2.96	7.45
Net Cash From Operating Activities	39	12	28	23	28	30	29	31	86	44	42
Net Cash From Continuing Operating Activities	39	12	28	23	28	30	29	31	86	44	42
Net Income / (Loss) Continuing Operations	19	12	13	25	17	18	17	30	40	29	13
Consolidated Net Income / (Loss)	19	12	13	25	17	18	17	30	40	29	13
Depreciation Expense	11	11	11	11	12	12	12	12	12	12	11
Amortization Expense	-	-	0.25	-	-	-	0.23	0.22	0.22	0.20	0.24
Non-Cash Adjustments To Reconcile Net Income	-4.65	1.47	-5.45	-2.84	-7.78	4.63	-13	-7.00	29	18	4.08
Changes in Operating Assets and Liabilities, net	15	-14	8.53	-10	7.08	-6.01	13	-3.92	4.69	-15	13
Net Cash From Investing Activities	-11	-18	-15	-14	-14	-8.01	-6.57	-9.33	-1.39	-8.93	-8.93
Net Cash From Continuing Investing Activities	-11	-18	-15	-14	-14	-8.01	-6.57	-9.33	-1.39	-8.93	-8.93
Purchase of Property, Plant & Equipment	-30	-28	-14	-14	-14	-8.01	-5.57	-8.70	-5.55	-3.99	-7.56
Acquisitions	-0.41	-	-1.16	-	-0.58	-	-1.48	-0.63	-0.77	-4.94	-1.79
Sale of Property, Plant & Equipment	0.06	-	0.07	0.01	0.00	-	0.06	0.01	4.57	-0.01	0.01
Other Investing Activities, net	0.79	-	0.59	-0.41	0.80	-	0.42	-0.00	0.37	0.00	0.42
Net Cash From Financing Activities	-0.48	-6.15	-9.46	-12	-13	-18	-17	-27	-48	-33	-26
Net Cash From Continuing Financing Activities	-0.48	-6.15	-9.46	-12	-13	-18	-17	-27	-48	-33	-26
Repayment of Debt	-2.22	-3.38	-2.27	-4.70	-5.30	-6.04	-31	-7.66	-69	-7.99	-11
Repurchase of Common Equity	-	-	0.00	-	-	-	-5.69	-11	-8.81	-15	-5.20
Payment of Dividends	-7.15	-7.00	-7.24	-7.16	-8.69	-8.23	-8.46	-8.30	-11	-9.27	-9.39
Issuance of Debt	8.93	3.58	0.09	0.00	1.00	-	28	-	40	-0.00	0.00
Issuance of Common Equity	0.00	0.69	-	-	-	-	0.00	-	-	-	0.05
Other Financing Activities, net	-0.04	-0.04	-0.04	-0.04	-0.02	-0.06	-0.03	-0.03	-0.05	-0.06	-0.42

This table presents St. Joe's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2022	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	983	1,028	921	871	909	1,037	1,431	1,431	1,524	1,539	1,518
Total Current Assets	213	241	192	195	186	107	38	38	86	89	130
Cash & Equivalents	213	241	192	195	186	107	38	38	86	89	130
Plant, Property, & Equipment, net	10	8.99	12	0.00	19	21	40	40	66	59	41
Total Noncurrent Assets	762	778	717	0.00	704	910	1,353	1,353	1,371	1,391	1,347
Long-Term Investments	-	-	116	-	15	86	91	91	66	66	66
Other Noncurrent Operating Assets	758	751	593	-	690	824	1,263	1,263	1,305	1,324	1,281
Total Liabilities & Shareholders' Equity	983	1,028	921	871	909	1,037	1,431	1,431	1,524	1,539	1,518
Total Liabilities	309	341	328	338	380	469	780	780	825	802	743
Total Current Liabilities	42	0.00	0.00	0.00	0.00	0.00	0.00	94	59	54	48
Accounts Payable	-	-	-	-	-	-	-	94	59	54	48
Total Noncurrent Liabilities	267	341	328	246	380	469	780	685	766	748	695
Long-Term Debt	54	55	-	246	270	336	-	386	454	438	391
Noncurrent Deferred Revenue	-	-	-	-	-	-	39	39	63	59	59
Noncurrent Deferred & Payable Income Tax Liabilities	37	69	49	-	53	61	83	83	72	72	66
Other Noncurrent Operating Liabilities	176	217	279	-	57	72	658	178	178	178	179
Commitments & Contingencies	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	673	687	593	533	530	568	651	651	698	737	776
Total Preferred & Common Equity	665	669	578	518	520	551	631	631	683	724	766
Total Common Equity	665	669	578	518	520	551	631	631	683	724	766
Common Stock	892	572	425	331	306	297	270	270	271	269	230
Retained Earnings	79	95	154	187	214	255	358	358	410	454	536
Treasury Stock	-305	-	-	-	-	-	-	-	-	-	0.00
Accumulated Other Comprehensive Income / (Loss)	-0.69	2.51	-1.46	-0.67	-0.34	-1.47	2.43	2.43	1.84	1.42	0.59
Noncontrolling Interest	8.18	18	15	15	10	18	20	20	15	12	9.34

This table presents St. Joe's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,340	1,466	1,522	1,542	1,538	1,550	1,546	1,547	1,548	1,534	1,518
Total Current Assets	19	57	61	92	90	87	83	95	88	126	136
Cash & Equivalents	19	57	61	92	90	87	83	95	88	126	136
Plant, Property, & Equipment, net	37	42	69	69	65	62	62	56	53	45	40
Total Noncurrent Assets	1,284	1,367	1,393	1,381	1,383	1,401	1,401	1,397	1,408	1,363	1,342
Long-Term Investments	133	78	88	78	71	71	73	72	74	67	68
Other Noncurrent Operating Assets	1,151	1,288	1,304	1,303	1,312	1,330	1,327	1,325	1,334	1,296	1,274
Total Liabilities & Shareholders' Equity	1,340	1,466	1,522	1,542	1,538	1,550	1,546	1,547	1,548	1,534	1,518
Total Liabilities	703	814	840	848	833	828	816	808	798	763	743
Total Current Liabilities	0.00	0.00	0.00	91	65	65	62	62	61	56	58
Accounts Payable	-	-	-	91	65	65	62	62	61	56	58
Total Noncurrent Liabilities	703	814	840	757	767	763	754	746	738	707	686
Long-Term Debt	321	-	625	631	452	447	443	435	427	399	380
Noncurrent Deferred Revenue	39	41	47	55	65	64	62	61	60	60	62
Noncurrent Deferred & Payable Income Tax Liabilities	82	78	90	71	73	73	70	72	71	69	65
Other Noncurrent Operating Liabilities	261	695	78	-	178	178	178	179	179	179	179
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	636	652	682	694	705	722	730	739	750	771	774
Total Preferred & Common Equity	615	635	665	677	690	708	716	728	739	761	766
Total Common Equity	615	635	665	677	690	708	716	728	739	761	766
Common Stock	297	270	270	271	271	271	272	269	269	270	230
Retained Earnings	336	363	392	404	417	435	443	463	485	515	541
Treasury Stock	-20	-	-	-	-	-	-	-5.73	-16	-25	-5.42
Accumulated Other Comprehensive Income / (Loss)	2.05	2.07	2.48	2.58	2.04	1.93	1.23	1.11	0.93	0.76	0.55
Noncontrolling Interest	21	17	17	16	14	14	13	11	11	10	8.52

This table displays calculated financial ratios and metrics derived from St. Joe's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-85.20%	-6.75%	3.28%	10.23%	15.24%	26.34%	66.30%	-5.50%	54.28%	3.46%	27.44%
EBITDA Growth	-100.56%	975.37%	109.91%	-26.68%	21.50%	68.92%	55.69%	-20.06%	33.08%	5.76%	37.22%
EBIT Growth	-102.40%	237.90%	111.21%	-15.54%	23.62%	81.07%	58.19%	-28.69%	22.74%	0.16%	54.78%
NOPAT Growth	-101.07%	149.02%	143.39%	487.58%	-23.12%	56.42%	94.89%	-35.34%	47.18%	4.79%	55.26%
Net Income Growth	-100.49%	884.58%	283.06%	-46.65%	-15.64%	70.59%	62.16%	-4.77%	5.45%	-2.24%	60.07%
EPS Growth	-100.45%	1,150.00%	300.00%	-38.10%	-13.46%	71.11%	64.94%	-4.72%	9.92%	-4.51%	56.69%
Operating Cash Flow Growth	-93.23%	-52.44%	403.71%	-22.88%	-26.62%	22.83%	199.48%	-56.87%	115.36%	3.99%	76.58%
Free Cash Flow Firm Growth	2,172.15%	-96.08%	-433.73%	570.84%	-195.97%	86.67%	438.00%	-231.18%	92.96%	312.19%	209.92%
Invested Capital Growth	-48.69%	-3.28%	-43.13%	-100.00%	0.00%	18.87%	-26.53%	73.81%	10.02%	1.96%	-4.73%
Revenue Q/Q Growth	5.51%	36.67%	2.67%	-10.76%	5.18%	0.00%	0.00%	-13.04%	6.90%	4.57%	5.03%
EBITDA Q/Q Growth	76.08%	18.33%	193.05%	-19.73%	-23.96%	27.16%	11.94%	-18.50%	3.91%	7.67%	6.69%
EBIT Q/Q Growth	42.93%	31.47%	80.32%	-23.31%	69.57%	33.27%	11.63%	-24.44%	-0.63%	9.58%	9.46%
NOPAT Q/Q Growth	66.33%	387.09%	47.27%	-34.85%	88.11%	43.65%	28.03%	-34.67%	8.39%	9.54%	10.83%
Net Income Q/Q Growth	81.03%	53.29%	151.24%	-55.07%	51.48%	32.62%	19.78%	-5.85%	-17.39%	9.18%	10.61%
EPS Q/Q Growth	83.33%	40.00%	162.50%	-50.94%	45.16%	0.00%	0.00%	-5.47%	-16.35%	8.55%	10.56%
Operating Cash Flow Q/Q Growth	-48.73%	509.92%	8.44%	-18.05%	207.65%	-2.30%	39.89%	-37.31%	-5.81%	20.37%	8.27%
Free Cash Flow Firm Q/Q Growth	27.59%	-27.06%	81.59%	-11.32%	-991.67%	-346.73%	2,058,308.37%	-6.87%	91.65%	-74.83%	13.10%
Invested Capital Q/Q Growth	-12.10%	-10.92%	-37.51%	-100.00%	86.99%	96.29%	25.18%	12.76%	-13.40%	0.23%	-0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	35.79%	32.83%	53.46%	100.00%	100.00%	100.00%	42.18%	100.00%	100.00%	43.05%
EBITDA Margin	-2.83%	26.53%	26.96%	35.87%	37.82%	50.57%	47.34%	40.05%	34.54%	35.31%	38.02%
Operating Margin	-5.91%	3.18%	3.58%	26.66%	24.65%	29.33%	35.38%	24.36%	23.31%	23.73%	28.49%
EBIT Margin	-11.96%	17.69%	18.08%	27.71%	29.72%	42.60%	40.52%	30.58%	24.33%	23.55%	28.60%
Profit (Net Income) Margin	-1.90%	15.97%	59.21%	28.66%	20.98%	28.33%	27.62%	27.83%	19.02%	17.98%	22.58%
Tax Burden Percent	169.48%	68.39%	143.24%	102.38%	73.68%	76.89%	74.70%	74.22%	74.01%	73.61%	74.71%
Interest Burden Percent	9.36%	132.00%	228.61%	101.01%	95.80%	86.48%	91.25%	122.64%	105.67%	103.69%	105.65%
Effective Tax Rate	0.00%	31.61%	-43.24%	-2.38%	26.11%	23.11%	25.30%	25.78%	25.99%	26.39%	25.29%
Return on Invested Capital (ROIC)	-0.56%	0.41%	1.30%	10.57%	7.73%	5.53%	11.43%	6.37%	7.04%	6.97%	10.98%
ROIC Less NNEP Spread (ROIC-NNEP)	-4.24%	-7.40%	-20.61%	10.09%	17.93%	14.26%	53.87%	44.47%	9.51%	7.67%	13.75%
Return on Net Nonoperating Assets (RNNOA)	0.32%	1.86%	7.96%	-10.48%	2.33%	2.76%	0.66%	4.50%	3.94%	3.12%	4.35%
Return on Equity (ROE)	-0.24%	2.27%	9.26%	0.09%	10.07%	8.29%	12.10%	10.87%	10.97%	10.09%	15.32%
Cash Return on Invested Capital (CROIC)	63.80%	3.75%	-16.21%	210.57%	-192.27%	-11.71%	42.02%	-47.54%	-2.51%	5.03%	15.82%
Operating Return on Assets (OROA)	-1.09%	1.70%	1.86%	6.64%	8.31%	7.03%	8.77%	5.85%	6.41%	6.20%	9.60%
Return on Assets (ROA)	-0.17%	1.54%	6.08%	6.86%	5.86%	4.67%	5.98%	5.32%	5.01%	4.73%	7.58%
Return on Common Equity (ROCE)	-0.24%	2.23%	9.02%	0.17%	19.72%	8.08%	11.72%	10.54%	10.68%	9.89%	15.10%
Return on Equity Simple (ROE_SIMPLE)	-0.30%	2.31%	10.26%	6.10%	5.13%	8.26%	11.69%	11.13%	10.84%	10.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.29	2.11	5.12	30	23	36	71	46	67	70	109
NOPAT Margin	-4.13%	2.17%	5.12%	27.30%	18.21%	22.55%	26.43%	18.08%	17.25%	17.47%	21.29%
Net Nonoperating Expense Percent (NNEP)	3.67%	7.82%	21.91%	0.49%	-10.20%	-8.74%	-42.44%	-38.10%	-2.47%	-0.70%	-2.78%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.40%	5.83%	5.99%	9.36%
Cost of Revenue to Revenue	0.00%	64.21%	67.17%	46.54%	0.00%	0.00%	0.00%	57.82%	0.00%	0.00%	56.95%
SG&A Expenses to Revenue	32.18%	23.76%	20.37%	18.64%	16.83%	14.27%	8.62%	8.75%	6.11%	6.27%	5.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	105.91%	32.61%	29.26%	26.80%	75.35%	70.67%	64.62%	17.82%	76.69%	76.27%	14.56%
Earnings before Interest and Taxes (EBIT)	-12	17	36	31	38	68	108	77	95	95	147
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-2.94	26	54	40	48	81	126	101	134	142	195
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.03	2.04	2.00	1.49	2.19	4.40	4.74	3.51	5.09	3.62	4.47
Price to Tangible Book Value (P/TBV)	2.03	2.04	2.00	1.49	2.19	4.40	4.74	3.51	5.09	3.62	4.47
Price to Revenue (P/Rev)	12.98	14.10	11.57	7.00	8.96	15.08	11.20	8.77	8.94	6.51	6.68
Price to Earnings (P/E)	0.00	85.91	19.42	23.86	42.54	53.58	40.10	31.21	44.78	35.37	29.65
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.63%	1.05%	0.74%	1.16%	0.98%
Earnings Yield	0.00%	1.16%	5.15%	4.19%	2.35%	1.87%	2.49%	3.20%	2.23%	2.83%	3.37%
Enterprise Value to Invested Capital (EV/IC)	2.31	2.39	3.04	0.00	2.03	3.63	5.51	2.74	3.80	2.86	3.74
Enterprise Value to Revenue (EV/Rev)	11.53	12.36	8.64	7.00	9.58	16.09	10.79	9.87	9.75	7.25	7.08
Enterprise Value to EBITDA (EV/EBITDA)	0.00	46.57	32.05	19.53	25.34	31.81	22.80	24.65	28.23	20.52	18.62
Enterprise Value to EBIT (EV/EBIT)	0.00	69.87	47.79	25.28	32.25	37.76	26.63	32.29	40.09	30.77	24.75
Enterprise Value to NOPAT (EV/NOPAT)	0.00	568.58	168.72	25.66	52.63	71.34	40.84	54.61	56.54	41.48	33.26
Enterprise Value to Operating Cash Flow (EV/OCF)	53.43	112.26	16.10	18.65	40.08	69.19	25.78	51.66	36.56	27.03	19.05
Enterprise Value to Free Cash Flow (EV/FCFF)	2.46	62.73	0.00	1.29	0.00	0.00	11.11	0.00	0.00	57.47	23.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.08	0.00	0.00	0.51	0.59	0.00	0.59	0.65	0.59	0.50
Long-Term Debt to Equity	0.08	0.08	0.00	0.00	0.51	0.59	0.00	0.59	0.65	0.59	0.50
Financial Leverage	-0.08	-0.25	-0.39	-1.04	0.13	0.19	0.01	0.10	0.41	0.41	0.32
Leverage Ratio	1.38	1.48	1.52	1.55	1.72	1.77	2.02	2.07	2.19	2.13	2.02
Compound Leverage Factor	0.13	1.95	3.48	1.57	1.64	1.53	1.85	2.53	2.31	2.21	2.14
Debt to Total Capital	7.48%	7.42%	0.00%	0.00%	33.73%	37.18%	0.00%	37.21%	39.37%	37.27%	33.52%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	7.48%	7.42%	0.00%	0.00%	33.73%	37.18%	0.00%	37.21%	39.37%	37.27%	33.52%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.12%	2.36%	2.54%	0.00%	1.27%	1.94%	3.12%	1.96%	1.34%	1.06%	0.80%
Common Equity to Total Capital	91.39%	90.22%	97.46%	0.00%	65.00%	60.88%	96.88%	60.83%	59.29%	61.67%	65.68%
Debt to EBITDA	-18.55	2.14	0.00	0.00	5.61	4.14	0.00	3.82	3.37	3.08	2.00
Net Debt to EBITDA	53.92	-7.24	0.00	0.00	1.43	1.77	0.00	2.55	2.24	1.99	1.00
Long-Term Debt to EBITDA	-18.55	2.14	0.00	0.00	5.61	4.14	0.00	3.82	3.37	3.08	2.00
Debt to NOPAT	-12.68	26.15	0.00	0.00	11.65	9.29	0.00	8.46	6.76	6.22	3.58
Net Debt to NOPAT	36.86	-88.39	0.00	0.00	2.98	3.96	0.00	5.64	4.49	4.02	1.79
Long-Term Debt to NOPAT	-12.68	26.15	0.00	0.00	11.65	9.29	0.00	8.46	6.76	6.22	3.58
Altman Z-Score	3.00	2.96	2.77	0.00	2.65	3.94	3.12	2.36	3.39	2.87	3.98
Noncontrolling Interest Sharing Ratio	1.01%	1.89%	2.54%	-84.91%	-95.91%	2.52%	3.11%	3.05%	2.65%	1.94%	1.44%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.08	0.00	0.00	0.00	0.00	0.00	0.00	0.40	1.47	1.64	2.68
Quick Ratio	5.08	0.00	0.00	0.00	0.00	0.00	0.00	0.40	1.47	1.64	2.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	487	19	-127	600	-575	-77	259	-340	-24	51	157
Operating Cash Flow to CapEx	908.35%	823.96%	11,027.93%	0.00%	41.00%	30.66%	72.85%	18.61%	74.23%	216.65%	993.93%
Free Cash Flow to Firm to Interest Expense	42.61	1.55	-5.24	50.64	-46.78	-5.66	16.36	-18.51	-0.78	1.51	5.16
Operating Cash Flow to Interest Expense	1.96	0.87	4.42	3.50	2.47	2.75	7.05	2.62	3.39	3.22	6.26
Operating Cash Flow Less CapEx to Interest Expense	1.75	0.76	4.38	3.70	-3.56	-6.22	-2.63	-11.47	-1.18	1.73	5.63
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.10	0.10	0.24	0.28	0.17	0.22	0.19	0.26	0.26	0.34
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.21	10.12	9.63	0.00	0.00	8.06	8.83	7.13	7.37	6.44	10.22
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.72
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	63.86
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-63.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	518	501	570	0.00	599	712	523	909	1,000	1,019	971
Invested Capital Turnover	0.14	0.19	0.25	0.39	0.42	0.25	0.43	0.35	0.41	0.40	0.52
Increase / (Decrease) in Invested Capital	-491	-17	138	-570	599	113	-189	386	91	20	-48
Enterprise Value (EV)	1,198	1,197	864	772	1,218	2,583	2,882	2,491	3,797	2,919	3,633
Market Capitalization	1,348	1,365	1,157	772	1,139	2,422	2,990	2,213	3,480	2,624	3,428
Book Value per Share	$8.83	$9.00	$17.42	$8.54	$8.74	$9.35	$10.71	$10.81	$11.70	$12.40	$13.27
Tangible Book Value per Share	$8.83	$9.00	$17.42	$8.54	$8.74	$9.35	$10.71	$10.81	$11.70	$12.40	$13.27
Total Capital	728	742	1,185	0.00	799	904	651	1,037	1,152	1,174	1,167
Total Debt	54	55	0.00	0.00	270	336	0.00	386	454	438	391
Total Long-Term Debt	54	55	0.00	0.00	270	336	0.00	386	454	438	391
Net Debt	-158	-186	-616	0.00	69	143	-128	258	301	283	195
Capital Expenditures (CapEx)	2.47	1.29	0.97	-2.39	74	122	153	259	140	50	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-42	0.00	0.00	195	0.00	0.00	0.00	-94	-59	-54	-48
Debt-free Net Working Capital (DFNWC)	171	241	384	195	186	107	38	-57	27	35	81
Net Working Capital (NWC)	171	241	384	195	186	107	38	-57	27	35	81
Net Nonoperating Expense (NNE)	-2.32	-13	-108	-1.50	-3.52	-9.28	-3.19	-25	-6.90	-2.03	-6.64
Net Nonoperating Obligations (NNO)	-156	-186	-616	0.00	69	143	-128	258	301	283	195
Total Depreciation and Amortization (D&A)	9.49	8.57	18	9.00	10	13	18	24	40	47	48
Debt-free, Cash-free Net Working Capital to Revenue	-40.32%	0.00%	0.00%	176.97%	0.00%	0.00%	0.00%	-37.40%	-15.05%	-13.40%	-9.41%
Debt-free Net Working Capital to Revenue	164.52%	248.92%	192.01%	176.97%	146.14%	66.52%	14.14%	-22.44%	7.06%	8.64%	15.84%
Net Working Capital to Revenue	164.52%	248.92%	192.01%	176.97%	146.14%	66.52%	14.14%	-22.44%	7.06%	8.64%	15.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	$0.21	$0.00	$0.52	$0.45	$0.77	$0.00	$0.00	$1.33	$1.27	$2.00
Adjusted Weighted Average Basic Shares Outstanding	74.35M	74.34M	0.00	60.20M	59.41M	58.88M	0.00	0.00	58.31M	58.33M	57.94M
Adjusted Diluted Earnings per Share	($0.02)	$0.21	$0.00	$0.52	$0.45	$0.77	$0.00	$0.00	$1.33	$1.27	$1.99
Adjusted Weighted Average Diluted Shares Outstanding	74.35M	74.34M	0.00	60.20M	59.41M	58.88M	0.00	0.00	58.32M	58.35M	57.96M
Adjusted Basic & Diluted Earnings per Share	($0.02)	$0.21	$0.00	$0.52	$0.45	$0.77	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	87.83M	74.46M	0.00	62.73M	59.99M	59.01M	0.00	0.00	58.37M	58.33M	57.54M
Normalized Net Operating Profit after Tax (NOPAT)	-4.29	2.11	2.50	21	23	36	71	46	67	70	109
Normalized NOPAT Margin	-4.13%	2.17%	2.50%	18.66%	18.21%	22.55%	26.43%	18.08%	17.25%	17.47%	21.29%
Pre Tax Income Margin	-1.12%	23.34%	41.34%	27.99%	28.47%	36.84%	36.98%	37.50%	25.70%	24.42%	30.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1.09	1.39	1.49	2.58	3.07	5.04	6.82	4.20	3.09	2.82	4.82
NOPAT to Interest Expense	-0.38	0.17	0.42	2.54	1.88	2.67	4.45	2.48	2.19	2.10	3.58
EBIT Less CapEx to Interest Expense	-1.30	1.29	1.45	2.78	-2.96	-3.93	-2.86	-9.90	-1.48	1.34	4.19
NOPAT Less CapEx to Interest Expense	-0.59	0.07	0.38	2.74	-4.14	-6.31	-5.23	-11.61	-2.38	0.61	2.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-3.45%	3.88%	3.93%	4.76%	2.25%	10.43%	27.24%	36.92%	37.68%	43.26%	31.55%
Augmented Payout Ratio	-15,478.03%	99.72%	252.81%	300.22%	80.44%	29.78%	27.24%	65.36%	37.68%	47.91%	66.30%

This table displays calculated financial ratios and metrics derived from St. Joe's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	57,544,391.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	57,544,391.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.24
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	76.10%	40.75%	20.27%	-12.92%	-2.35%	20.29%	7.30%	15.66%	62.69%	23.54%	5.15%
EBITDA Growth	49.87%	16.53%	34.30%	-16.99%	2.40%	32.00%	7.76%	11.05%	101.50%	32.22%	2.39%
EBIT Growth	36.76%	-3.33%	23.56%	-24.92%	-1.38%	47.92%	7.49%	12.93%	159.76%	49.57%	8.59%
NOPAT Growth	64.63%	68.07%	41.96%	-21.91%	3.06%	48.00%	6.41%	13.64%	156.87%	56.82%	8.31%
Net Income Growth	55.05%	-56.44%	38.19%	-27.52%	-10.97%	50.58%	27.22%	21.41%	141.47%	61.34%	-20.28%
EPS Growth	57.14%	-54.17%	33.33%	-30.00%	-12.12%	45.45%	25.00%	21.43%	131.03%	59.38%	-20.00%
Operating Cash Flow Growth	3,041.02%	-35.63%	44.00%	-32.41%	-29.54%	158.07%	5.10%	36.15%	210.91%	48.80%	45.58%
Free Cash Flow Firm Growth	11.97%	79.29%	-403.87%	142.06%	145.80%	99.10%	100.19%	-85.79%	-47.63%	11,130.84%	7,803.17%
Invested Capital Growth	43.27%	10.02%	92.64%	-12.59%	-11.91%	1.96%	1.17%	0.35%	-3.99%	-4.73%	-5.66%
Revenue Q/Q Growth	-20.89%	-14.45%	1.21%	27.13%	-11.29%	5.38%	-9.72%	37.03%	24.79%	-19.98%	-23.16%
EBITDA Q/Q Growth	-38.95%	-11.33%	-6.63%	64.22%	-24.68%	14.29%	-23.05%	68.61%	36.91%	-25.10%	-40.78%
EBIT Q/Q Growth	-50.33%	-19.58%	-10.41%	109.81%	-34.76%	20.62%	-34.90%	120.44%	50.07%	-30.55%	-52.73%
NOPAT Q/Q Growth	-52.26%	-14.45%	-7.64%	107.04%	-36.99%	22.84%	-33.60%	121.12%	42.41%	-25.00%	-54.14%
Net Income Q/Q Growth	-44.73%	-35.65%	8.87%	87.18%	-32.11%	8.84%	-8.02%	78.63%	35.03%	-27.28%	-54.55%
EPS Q/Q Growth	-45.00%	-33.33%	9.09%	75.00%	-30.95%	10.34%	-6.25%	70.00%	31.37%	-23.88%	-52.94%
Operating Cash Flow Q/Q Growth	16.59%	-70.62%	138.76%	-17.36%	21.54%	7.62%	-2.76%	7.05%	177.54%	-48.50%	-4.87%
Free Cash Flow Firm Q/Q Growth	17.48%	76.53%	-496.31%	136.42%	-10.15%	-100.46%	226.76%	2,605.62%	231.22%	-2.89%	-9.18%
Invested Capital Q/Q Growth	-0.26%	-13.40%	-0.38%	1.59%	0.52%	0.23%	-1.16%	0.76%	-3.83%	-0.53%	-2.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-126.76%	100.00%
EBITDA Margin	31.79%	32.95%	30.40%	39.26%	33.33%	36.16%	30.81%	37.91%	41.60%	38.94%	30.01%
Operating Margin	20.01%	19.95%	18.17%	29.24%	21.48%	24.66%	17.93%	28.63%	32.86%	30.60%	18.35%
EBIT Margin	21.22%	19.95%	17.66%	29.14%	21.43%	24.53%	17.69%	28.46%	34.22%	29.70%	18.27%
Profit (Net Income) Margin	18.44%	13.87%	14.92%	21.97%	16.82%	17.37%	17.69%	23.07%	24.96%	22.68%	13.42%
Tax Burden Percent	73.44%	73.67%	73.81%	74.71%	72.20%	73.32%	74.16%	74.95%	74.54%	75.01%	74.66%
Interest Burden Percent	118.34%	94.39%	114.50%	100.92%	108.65%	96.55%	134.88%	108.14%	97.84%	101.80%	98.35%
Effective Tax Rate	26.56%	26.33%	26.19%	25.29%	27.80%	26.68%	25.84%	25.05%	25.46%	24.99%	25.34%
Return on Invested Capital (ROIC)	5.46%	6.00%	7.16%	7.80%	5.50%	7.21%	5.43%	9.03%	12.01%	11.84%	7.25%
ROIC Less NNEP Spread (ROIC-NNEP)	6.67%	5.74%	8.87%	7.84%	5.85%	6.96%	6.91%	9.78%	12.31%	11.69%	7.12%
Return on Net Nonoperating Assets (RNNOA)	3.16%	2.38%	1.02%	4.27%	3.07%	2.83%	2.68%	3.68%	4.04%	3.70%	2.09%
Return on Equity (ROE)	8.62%	8.37%	8.18%	12.08%	8.58%	10.05%	8.11%	12.72%	16.05%	15.53%	9.34%
Cash Return on Invested Capital (CROIC)	-29.25%	-2.51%	-53.97%	19.32%	18.58%	5.03%	5.94%	7.00%	13.97%	15.82%	17.10%
Operating Return on Assets (OROA)	5.36%	5.26%	4.75%	7.35%	5.35%	6.45%	4.69%	7.84%	10.86%	9.97%	6.18%
Return on Assets (ROA)	4.66%	3.66%	4.02%	5.54%	4.19%	4.57%	4.69%	6.35%	7.92%	7.62%	4.54%
Return on Common Equity (ROCE)	8.38%	8.15%	7.99%	11.81%	8.40%	9.85%	7.97%	12.50%	15.80%	15.31%	9.22%
Return on Equity Simple (ROE_SIMPLE)	13.23%	0.00%	11.25%	9.65%	9.26%	0.00%	10.44%	10.99%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	15	13	12	24	15	19	13	28	39	30	14
NOPAT Margin	14.70%	14.70%	13.41%	21.84%	15.51%	18.08%	13.30%	21.46%	24.49%	22.96%	13.70%
Net Nonoperating Expense Percent (NNEP)	-1.21%	0.26%	-1.71%	-0.04%	-0.34%	0.26%	-1.48%	-0.75%	-0.30%	0.15%	0.13%
Return On Investment Capital (ROIC_SIMPLE)	-	1.11%	-	-	-	1.61%	1.07%	2.35%	3.37%	2.54%	1.18%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	226.76%	0.00%
SG&A Expenses to Revenue	6.09%	7.35%	8.09%	5.24%	6.06%	6.04%	6.99%	4.99%	4.28%	5.70%	8.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	79.99%	80.05%	81.83%	70.76%	78.52%	75.34%	82.07%	71.37%	67.14%	-157.37%	81.65%
Earnings before Interest and Taxes (EBIT)	22	17	16	33	21	26	17	37	55	38	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	29	27	44	33	38	29	49	67	50	30
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.64	5.09	4.88	4.50	4.75	3.62	3.76	3.76	3.77	4.47	4.72
Price to Tangible Book Value (P/TBV)	4.64	5.09	4.88	4.50	4.75	3.62	3.76	3.76	3.77	4.47	4.72
Price to Revenue (P/Rev)	8.63	8.94	8.34	8.22	8.84	6.51	6.69	6.51	5.86	6.68	6.98
Price to Earnings (P/E)	33.91	44.78	41.47	44.86	49.74	35.37	35.23	33.57	27.39	29.65	32.24
Dividend Yield	0.78%	0.74%	0.80%	0.88%	0.86%	1.16%	1.15%	1.17%	1.13%	0.98%	0.96%
Earnings Yield	2.95%	2.23%	2.41%	2.23%	2.01%	2.83%	2.84%	2.98%	3.65%	3.37%	3.10%
Enterprise Value to Invested Capital (EV/IC)	3.14	3.80	3.69	3.45	3.64	2.86	3.00	3.01	3.16	3.74	4.00
Enterprise Value to Revenue (EV/Rev)	9.94	9.75	9.09	9.01	9.62	7.25	7.38	7.16	6.30	7.08	7.33
Enterprise Value to EBITDA (EV/EBITDA)	27.97	28.23	26.19	26.58	28.05	20.52	20.91	20.47	16.84	18.62	19.39
Enterprise Value to EBIT (EV/EBIT)	37.98	40.09	37.62	40.18	42.81	30.77	31.43	30.47	22.97	24.75	25.62
Enterprise Value to NOPAT (EV/NOPAT)	58.42	56.54	52.02	54.73	57.69	41.48	42.43	41.00	31.26	33.26	34.43
Enterprise Value to Operating Cash Flow (EV/OCF)	32.83	36.56	32.72	34.44	41.31	27.03	27.59	25.96	17.49	19.05	18.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	16.66	18.37	57.47	50.72	43.04	22.14	23.08	22.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.91	0.65	0.64	0.62	0.61	0.59	0.59	0.57	0.52	0.50	0.49
Long-Term Debt to Equity	0.91	0.65	0.64	0.62	0.61	0.59	0.59	0.57	0.52	0.50	0.49
Financial Leverage	0.47	0.41	0.11	0.54	0.53	0.41	0.39	0.38	0.33	0.32	0.29
Leverage Ratio	2.17	2.19	2.21	2.19	2.17	2.13	2.14	2.10	2.05	2.02	2.03
Compound Leverage Factor	2.56	2.07	2.53	2.21	2.36	2.06	2.88	2.28	2.01	2.06	1.99
Debt to Total Capital	47.64%	39.37%	39.07%	38.25%	37.80%	37.27%	37.04%	36.29%	34.11%	33.52%	32.94%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	47.64%	39.37%	39.07%	38.25%	37.80%	37.27%	37.04%	36.29%	34.11%	33.52%	32.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.23%	1.34%	1.25%	1.22%	1.13%	1.06%	0.95%	0.95%	0.87%	0.80%	0.74%
Common Equity to Total Capital	51.13%	59.29%	59.68%	60.53%	61.08%	61.67%	62.00%	62.76%	65.03%	65.68%	66.32%
Debt to EBITDA	4.88	3.37	3.22	3.41	3.36	3.08	3.01	2.86	2.18	2.00	1.94
Net Debt to EBITDA	3.56	2.24	2.07	2.20	2.18	1.99	1.86	1.78	1.12	1.00	0.90
Long-Term Debt to EBITDA	4.88	3.37	3.22	3.41	3.36	3.08	3.01	2.86	2.18	2.00	1.94
Debt to NOPAT	10.19	6.76	6.40	7.02	6.90	6.22	6.11	5.74	4.05	3.58	3.45
Net Debt to NOPAT	7.44	4.49	4.12	4.54	4.47	4.02	3.77	3.56	2.08	1.79	1.60
Long-Term Debt to NOPAT	10.19	6.76	6.40	7.02	6.90	6.22	6.11	5.74	4.05	3.58	3.45
Altman Z-Score	2.87	3.22	3.12	3.04	3.22	2.72	2.78	2.90	3.22	3.75	3.86
Noncontrolling Interest Sharing Ratio	2.82%	2.65%	2.34%	2.23%	2.07%	1.94%	1.78%	1.73%	1.56%	1.44%	1.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	1.47	1.37	1.33	1.34	1.64	1.52	1.45	2.25	2.68	2.36
Quick Ratio	1.01	1.47	1.37	1.33	1.34	1.64	1.52	1.45	2.25	2.68	2.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-334	-78	-467	170	153	-0.70	0.89	24	80	78	71
Operating Cash Flow to CapEx	133.40%	41.12%	194.42%	163.94%	202.12%	372.55%	526.51%	357.25%	8,734.85%	1,112.05%	559.19%
Free Cash Flow to Firm to Interest Expense	-39.68	-8.91	-54.62	19.97	18.23	-0.09	0.11	3.12	10.28	10.86	9.95
Operating Cash Flow to Interest Expense	4.68	1.32	3.23	2.68	3.31	3.67	3.73	4.00	11.07	6.20	5.95
Operating Cash Flow Less CapEx to Interest Expense	1.17	-1.88	1.57	1.04	1.67	2.69	3.02	2.88	10.95	5.64	4.89
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.26	0.27	0.25	0.25	0.26	0.27	0.28	0.32	0.34	0.34
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.86	7.37	7.52	5.90	5.86	6.44	6.75	7.42	9.14	10.22	10.81
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.72	3.90
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	63.86	93.48
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-63.86	-93.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,154	1,000	996	1,012	1,017	1,019	1,007	1,015	976	971	950
Invested Capital Turnover	0.37	0.41	0.53	0.36	0.35	0.40	0.41	0.42	0.49	0.52	0.53
Increase / (Decrease) in Invested Capital	349	91	479	-146	-138	20	12	3.53	-41	-48	-57
Enterprise Value (EV)	3,619	3,797	3,674	3,490	3,706	2,919	3,018	3,054	3,081	3,633	3,798
Market Capitalization	3,142	3,480	3,369	3,187	3,405	2,624	2,738	2,777	2,865	3,428	3,614
Book Value per Share	$11.60	$11.70	$11.84	$12.13	$12.27	$12.40	$12.48	$12.69	$13.14	$13.27	$13.31
Tangible Book Value per Share	$11.60	$11.70	$11.84	$12.13	$12.27	$12.40	$12.48	$12.69	$13.14	$13.27	$13.31
Total Capital	1,325	1,152	1,157	1,170	1,173	1,174	1,174	1,177	1,170	1,167	1,155
Total Debt	631	454	452	447	443	438	435	427	399	391	380
Total Long-Term Debt	631	454	452	447	443	438	435	427	399	391	380
Net Debt	461	301	291	289	287	283	268	265	205	195	176
Capital Expenditures (CapEx)	30	28	14	14	14	8.01	5.51	8.70	0.99	3.99	7.55
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-91	-59	-65	-65	-62	-54	-62	-61	-56	-48	-58
Debt-free Net Working Capital (DFNWC)	0.80	27	24	21	21	35	32	27	70	81	79
Net Working Capital (NWC)	0.80	27	24	21	21	35	32	27	70	81	79
Net Nonoperating Expense (NNE)	-3.80	0.71	-1.33	-0.15	-1.29	0.75	-4.14	-2.07	-0.75	0.35	0.28
Net Nonoperating Obligations (NNO)	461	301	291	289	287	283	268	265	205	195	176
Total Depreciation and Amortization (D&A)	11	11	11	11	12	12	12	12	12	12	12
Debt-free, Cash-free Net Working Capital to Revenue	-25.04%	-15.05%	-16.19%	-16.86%	-16.02%	-13.40%	-15.17%	-14.24%	-11.49%	-9.41%	-11.13%
Debt-free Net Working Capital to Revenue	0.22%	7.06%	6.02%	5.52%	5.47%	8.64%	7.94%	6.43%	14.31%	15.84%	15.18%
Net Working Capital to Revenue	0.22%	7.06%	6.02%	5.52%	5.47%	8.64%	7.94%	6.43%	14.31%	15.84%	15.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.33	$0.22	$0.24	$0.42	$0.29	$0.32	$0.30	$0.51	$0.67	$0.52	$0.24
Adjusted Weighted Average Basic Shares Outstanding	58.31M	58.31M	58.32M	58.33M	58.33M	58.33M	58.24M	58.06M	57.84M	57.94M	57.49M
Adjusted Diluted Earnings per Share	$0.33	$0.22	$0.24	$0.42	$0.29	$0.32	$0.30	$0.51	$0.67	$0.51	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	58.33M	58.32M	58.34M	58.35M	58.35M	58.35M	58.26M	58.06M	57.86M	57.96M	57.51M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	58.37M	58.37M	58.40M	58.40M	58.40M	58.33M	58.22M	57.91M	57.74M	57.54M	57.41M
Normalized Net Operating Profit after Tax (NOPAT)	15	13	12	24	15	19	13	28	39	30	14
Normalized NOPAT Margin	14.70%	14.70%	13.41%	21.84%	15.51%	18.08%	13.30%	21.46%	24.49%	22.96%	13.70%
Pre Tax Income Margin	25.12%	18.83%	20.22%	29.41%	23.29%	23.69%	23.86%	30.77%	33.49%	30.24%	17.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.56	1.97	1.81	3.82	2.53	3.15	2.14	4.73	7.08	5.35	2.55
NOPAT to Interest Expense	1.77	1.45	1.38	2.86	1.83	2.32	1.61	3.57	5.07	4.13	1.91
EBIT Less CapEx to Interest Expense	-0.95	-1.23	0.15	2.18	0.89	2.16	1.43	3.61	6.95	4.79	1.49
NOPAT Less CapEx to Interest Expense	-1.74	-1.75	-0.28	1.23	0.20	1.34	0.90	2.45	4.94	3.57	0.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.03%	37.68%	35.04%	41.76%	45.38%	43.26%	42.83%	41.46%	33.91%	31.55%	33.33%
Augmented Payout Ratio	30.03%	37.68%	35.04%	41.76%	45.38%	47.91%	54.74%	65.62%	61.05%	66.30%	68.70%

Financials Breakdown Chart

Key Financial Trends

Here is MarketBeat's quarterly trend snapshot for ST JOE Co (NYSE: JOE) based on the last four years of reported quarters. The bullets below highlight notable year-over-year and quarter-over-quarter trends in revenue, profitability, cash flow, and the balance sheet. Positive items are shown first, neutral items in the middle, and negative items last.

Revenue trend: ST JOE's quarterly revenue has grown meaningfully across 2022–2025, rising from about $61.6M in 2022 Q4 to about $128.9M in 2025 Q4, signaling expanding topline.
Operating margin stability: In 2025, quarterly operating margins have remained robust (example: 2025 Q3: operating income $52.9M on $161.1M revenue ≈ 32.9%; 2025 Q4: $39.4M on $128.9M ≈ 30.6%).
Net income growth: Net income attributable to common shareholders rose through 2025, with 2025 Q3 around $38.7M and 2025 Q4 around $29.9M, higher than many 2024 levels.
Operating cash flow strength: The company has generated positive cash from operating activities in the recent years; 2025 Q3 net cash from continuing operating activities was about $86.2M, with other quarters also solid (e.g., 2025 Q4 ≈ $44.4M).
Debt management: Long-term debt declined in 2025, from about $434.8M in Q1 2025 to $399.0M in Q3 2025, helping improve leverage dynamics.
Dividend discipline: Cash dividends per share have remained consistent at $0.14, supporting shareholder returns while the business grows.
Liquidity fluctuations: Cash and equivalents fluctuated seasonally (roughly $88–126M across 2025), indicating liquidity is adequate but can be sensitive to capex and financing activity.
Balance-sheet stability: Total equity remained in the $700–770M range in 2025, with total assets around $1.5B, suggesting a stable capitalization base.
Gross margin deterioration in Q4 2025: Cost of revenue exceeded revenue by a wide margin, producing a gross loss of about $163.4M on $128.9M revenue.
Quarterly expense surge: Total operating expenses jumped to roughly $202.8M in 2025 Q4, contributing to earnings compression in that quarter.

05/14/26 11:07 PM ETAI Generated. May Contain Errors.

St. Joe Financials - Frequently Asked Questions

According to the most recent income statement we have on file, St. Joe's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

St. Joe's net income appears to be on an upward trend, with a most recent value of $115.88 million in 2025, falling from -$1.97 million in 2015. The previous period was $72.40 million in 2024. Find out what analysts predict for St. Joe in the coming months.

St. Joe's total operating income in 2025 was $146.23 million, based on the following breakdown:

Total Gross Profit: $220.97 million
Total Operating Expenses: $74.74 million

Over the last 10 years, St. Joe's total revenue changed from $103.87 million in 2015 to $513.25 million in 2025, a change of 394.1%.

St. Joe's total liabilities were at $742.80 million at the end of 2025, a 7.4% decrease from 2024, and a 140.2% increase since 2015.

In the past 10 years, St. Joe's cash and equivalents has ranged from $37.75 million in 2021 to $241.11 million in 2016, and is currently $129.61 million as of their latest financial filing in 2025.

Over the last 10 years, St. Joe's book value per share changed from 8.83 in 2015 to 13.27 in 2025, a change of 50.3%.

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Financial statements for NYSE:JOE last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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St. Joe (JOE) Financials

Financials Breakdown Chart

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St. Joe Financials - Frequently Asked Questions

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St. Joe (JOE) Financials

Annual Income Statements for St. Joe

Quarterly Income Statements for St. Joe

Annual Cash Flow Statements for St. Joe

Quarterly Cash Flow Statements for St. Joe

Annual Balance Sheets for St. Joe

Quarterly Balance Sheets for St. Joe

Annual Metrics And Ratios for St. Joe

Quarterly Metrics And Ratios for St. Joe

Financials Breakdown Chart

Key Financial Trends

St. Joe Financials - Frequently Asked Questions

When does St. Joe's financial year end?

How has St. Joe's net income changed over the last 10 years?

What is St. Joe's operating income?

How has St. Joe's revenue changed over the last 10 years?

How much debt does St. Joe have?

How much cash does St. Joe have?

How has St. Joe's book value per share changed over the last 10 years?

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