St Joe (JOE) financial statements
St Joe reported revenue of $513M in fiscal 2025, up 20.4% a year over 9 years.
Net income was $116M and the operating margin 28.5%, against 3.2% in 2016.
Free cash flow was $187M, and the company returned $34M in dividends and $40M in net buybacks.
The diluted share count fell 22% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from St Joe's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $97M | $100M | $110M | $127M | $161M | $267M | $252M | $389M | $403M | $513M |
| Cost of revenue | $62M | $67M | $51M | $64M | $78M | $131M | $146M | $236M | $236M | $292M |
| Gross profit | — | — | $59M | $63M | $83M | $136M | $106M | $153M | $167M | $221M |
| Operating income | $3M | $4M | $29M | $31M | $47M | $94M | $61M | $91M | $96M | $146M |
| Interest expense | $12M | $12M | $12M | $12M | $14M | $16M | $18M | $31M | $34M | $30M |
| Pre-tax income | $23M | $41M | $31M | $36M | $59M | $99M | $95M | $100M | $98M | $155M |
| Income tax | $7M | -$18M | -$736,000 | $9M | $14M | $25M | $24M | $26M | $26M | $39M |
| Net income | $16M | $60M | $32M | $27M | $45M | $75M | $71M | $78M | $74M | $116M |
| EPS (diluted) | $0.21 | $0.84 | $0.52 | $0.45 | $0.77 | $1.27 | $1.21 | $1.33 | $1.27 | $1.99 |
| Diluted shares | 74M | 71M | 63M | 60M | 59M | 59M | 59M | 58M | 58M | 58M |
| Gross margin | — | — | 53.5% | 49.6% | 51.6% | 50.8% | 42.2% | 39.4% | 41.5% | 43.1% |
| Operating margin | 3.2% | 3.6% | 26.7% | 24.6% | 29.3% | 35.4% | 24.4% | 23.3% | 23.7% | 28.5% |
| Net margin | 16.4% | 59.6% | 29.4% | 21.1% | 28.2% | 27.9% | 28.1% | 20.0% | 18.4% | 22.5% |
Balance sheet
Fiscal years, from St Joe's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $241M | $192M | $195M | $186M | $107M | $70M | $38M | $86M | $89M | $130M |
| Inventory | — | — | — | $1M | $2M | $3M | $4M | $4M | $4M | $3M |
| Property, plant and equipment | $9M | $12M | $12M | $19M | $21M | $31M | $40M | $66M | $59M | $41M |
| Total assets | $1.0B | $921M | $871M | $909M | $1.0B | $1.2B | $1.4B | $1.5B | $1.5B | $1.5B |
| Total liabilities | $341M | $328M | $338M | $380M | $469M | $582M | $780M | $825M | $802M | $743M |
| Shareholders' equity | $669M | $578M | $518M | $520M | $551M | $607M | $631M | $683M | $724M | $766M |
| Net debt | -$241M | -$192M | -$195M | -$186M | -$107M | -$70M | -$38M | -$86M | -$89M | -$130M |
Cash flow
Fiscal years, from St Joe's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11M | $54M | $41M | $30M | $37M | $112M | $48M | $104M | $108M | $191M |
| Capital spending | $1M | $3M | $3M | $9M | $6M | $4M | $7M | $6M | $8M | $4M |
| Free cash flow | $9M | $51M | $39M | $21M | $32M | $107M | $41M | $98M | $100M | $187M |
| Stock-based compensation | $131,000 | $76,000 | $263,000 | $77,000 | $45,000 | — | $364,000 | $820,000 | $1M | $1M |
| Dividends paid | — | — | — | $0 | $4M | $19M | $23M | $26M | $30M | $34M |
| Share buybacks (net) | -$15M | -$147M | -$93M | -$21M | -$9M | — | -$20M | — | -$3M | -$40M |
| Net borrowing | -$497,000 | $334,000 | $15M | $22M | $67M | $67M | $164M | $68M | -$17M | -$47M |
| Free cash flow margin | 9.7% | 50.7% | 35.2% | 16.6% | 19.7% | 40.3% | 16.2% | 25.1% | 24.9% | 36.4% |
| Dividends per share | — | — | — | — | $0.07 | $0.32 | $0.40 | $0.44 | $0.52 | $0.58 |
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Open JOE in InvestinglyQuestions
What was St Joe's revenue in 2025?
$513M in fiscal 2025, from its 10-K filing.
How much free cash flow does St Joe generate?
$187M in fiscal 2025 (operating cash flow minus capital spending).
From St Joe's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.