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ST JOE Co (JOE) stock

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NYSE: JOE NYSE Real Estate Development Next results ~January 27, 2027

B+ Fundamentals grade

ST JOE Co is a US-listed company in the real estate development industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($99.79) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Price vs value

Under review: our cash-flow value ($99.79) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating. We'll show the comparison once resolved.

ST JOE Co valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 2 selling0 purchases and 27 sales by directors and officers, last 12 monthsInsider trades
  • Funds156 adding, 131 cuttingOf 46 active managers that changed their stake, 22 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter ST JOE files

Where ST JOE Co stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $543m, up 11.1% on a year earlier, slower than the 28.4% growth a quarter earlier. Free-cash-flow margin held at 33.9%. Operating margin widened to 32.0% from 27.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 2 of our 5 financial-health checks.

Our model value for ST JOE is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

ST JOE Co's trailing-twelve-month revenue grew 11.1% year on year, with a free-cash-flow margin of 33.9%. Where it stands out: stock pay as % of revenue of 0.2% ranks 1 of 9 real estate development companies we cover.

Our discounted-cash-flow model values the business at ~$100 per share in the base case (~$74–$130 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 100% in the quarter to 2018-12-31.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 32.0% of revenue is left as operating profit, against a median of -0.9% for real estate development companies we cover.
  • Margins widening. Operating margin is up 4.9 points on a year ago.
  • Strong cash generation. 33.9% of revenue turned into free cash flow, against a median of -4.5% for real estate development companies we cover.
  • Shrinking share count. Diluted shares fell 1.5% in a year, so each share owns more of the business.

Things to watch

  • Growth slowing. The growth rate is 17.3 points lower than a quarter earlier.
  • Insiders selling. 2 insiders sold $82M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
-$0.02 against an average estimate of -$0.01: missed by 100.0%
Revenue
$156m, down 3.0% on a year earlier
Share reaction
+5.5% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Next report
October 28, 2026

ST JOE's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.1%
  • 1 week+0.1%
  • 1 month+4.2%
  • This year+16.9%
  • 1 year+17.2%
  • 5 years+50.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$543M
Operating margin
32.0%
Net margin
22.3%
EPS (TTM, diluted)
$2.12

Growth

Revenue growth
+11.1%
Change in growth rate
−17.3 pts
Share count change
−1.5%

Cash

Free cash flow (TTM)
$184M
FCF margin
33.9%
Stock pay % of revenue
0.2%

Earnings

Last results
October 28, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

ST JOE Co valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($99.79) was left out of our combined valuation (it is more than 3x away from the median of our other models), so it can't be the basis of a rating.

Our value per share comes from a discounted-cash-flow model of ST JOE Co's free cash flow after stock-based pay ( $194M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value ST JOE Co as an operating company, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$100 ~$74–$130 Left out: far from the other models (more than 3x away from their median)
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$24 ~$17–$34 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$26 ~$22–$32 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare ST JOE Co with Real Estate Development in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$17.52$17.98$17.08$12.46$18.77$40.26$49.70$37.24$58.51$44.10$58.95$68.90
Market value$1.5bn$1.3bn$1.2bn$782m$1.1bn$2.4bn$2.9bn$2.2bn$3.4bn$2.6bn$3.4bn$3.9bn
+ Net debt (− = net cash)−$158m−$185m−$136m−$124m−$91m$55m$157m$354m$373m$354m$266m$248m
Enterprise value$1.4bn$1.2bn$1.1bn$658m$1.0bn$2.4bn$3.1bn$2.5bn$3.8bn$2.9bn$3.7bn$4.2bn
Multiples
Price / sales 14.8x13.8x12.0x7.1x8.9x14.8x11.0x8.7x8.8x6.4x6.7x7.3x
Price / earnings —84.2x20.2x24.2x42.0x52.6x39.3x30.8x43.9x34.7x29.5x32.5x
Price / free cash flow 77.1x143.0x23.8x20.1x53.5x75.1x27.2x53.5x34.9x25.7x18.3x21.5x
EV / EBITDA n/m99.0x85.8x17.1x24.9x40.6x27.4x30.1x29.2x20.6x19.0x19.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

65 /100

Moderate moat

How hard ST JOE's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.5% of total assets over 10 years.

  • Durability 11 / 20

    Operating margin has been a median 25.5%; its worst year was 5.3%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 30.3% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 2.7% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (70 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for ST JOE Co: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Dec 2018 −$0.01 −$0.02 −100.0%
Sept 2018 $0.05 $0.09 +80.0%
Jun 2018 $0.05 $0.12 +141.7%
Mar 2018 $0.02 $0.01 −50.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
4.1%
of tradable shares
Days to cover
3.63
at average volume
Short interest, 1 month
−19%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
0.4%
of shares
Employees
906
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +22.5%

$56.23 on October 31, 2025 to $68.90

ThenNowEffect
Revenue (last 12 months) $427m $548m +28.4%
Net margin 19.4% 22.5% +15.8%
P/E multiple 39.6x 32.2x −18.6%
Share count 58m 58m +1.2%

Biggest factor: revenue.

Last 3 years +43.2%

$48.11 on November 3, 2023 to $68.90

ThenNowEffect
Revenue (last 12 months) $320m $548m +71.0%
Net margin 26.7% 22.5% −15.9%
P/E multiple 32.8x 32.2x −1.9%
Share count 58m 58m +1.5%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
JOE+23%−25%+57%−25%+34%+17%
Industry peers (median)+8%−27%+50%+0%−20%−8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
JOE75%50%50%17%58%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
JOE−26%−48%−28%−31%−17%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 48% from April 1, 2022 to September 26, 2022. Getting back needed a 94% gain, reached on July 27, 2023, 304 days after the low.

Price behaviour

52-week range
$55.31 – $72.27
From 52-week high
−4.7%
vs 50-day average
+3.6%
vs 200-day average
+4.7%
Volatility (1 year)
28%
Beta vs S&P 500
0.55

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±3.7%
After a week
6 up, 5 down
typical move ±4.4%
After a month
5 up, 6 down
typical move ±7.9%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 +5.5% 0.0% — —
July 29, 2026 +1.3% +0.1% +4.3% +9.3%
April 29, 2026 −9.0% +1.0% −7.4% −10.3%
February 25, 2026 −0.3% +0.3% +2.8% −13.6%
October 29, 2025 +8.2% −1.1% +17.3% +19.3%
July 23, 2025 +2.7% +0.9% +1.7% −2.8%
April 23, 2025 +0.9% +3.7% +1.4% +3.7%
February 26, 2025 +3.3% −1.5% +1.7% +1.8%
October 23, 2024 −7.0% −0.7% −9.2% −12.7%
July 24, 2024 +1.8% −2.8% −1.3% −5.8%
April 24, 2024 +1.4% −0.4% −0.1% −2.4%
February 21, 2024 +3.3% +2.2% −1.7% +5.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

ST JOE Co in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) ST JOE Co
$350M $400M $450M $500M $550M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $389.3M Revenue (TTM), FY24 Q1: $404.1M Revenue (TTM), FY24 Q2: $387.5M Revenue (TTM), FY24 Q3: $385.1M Revenue (TTM), FY24 Q4: $402.7M Revenue (TTM), FY25 Q1: $409.1M Revenue (TTM), FY25 Q2: $426.6M Revenue (TTM), FY25 Q3: $488.7M Revenue (TTM), FY25 Q4: $513.2M Revenue (TTM), FY26 Q1: $518.1M Revenue (TTM), FY26 Q2: $547.8M Revenue (TTM), FY26 Q3: $542.9M $542.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $389.3M
FY24 Q1 $404.1M
FY24 Q2 $387.5M
FY24 Q3 $385.1M
FY24 Q4 $402.7M
FY25 Q1 $409.1M
FY25 Q2 $426.6M
FY25 Q3 $488.7M
FY25 Q4 $513.2M
FY26 Q1 $518.1M
FY26 Q2 $547.8M
FY26 Q3 $542.9M
Revenue growth, TTM YoY ST JOE Co
0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 54.3% Revenue growth, TTM YoY, FY24 Q1: 55.2% Revenue growth, TTM YoY, FY24 Q2: 21.0% Revenue growth, TTM YoY, FY24 Q3: 5.8% Revenue growth, TTM YoY, FY24 Q4: 3.5% Revenue growth, TTM YoY, FY25 Q1: 1.3% Revenue growth, TTM YoY, FY25 Q2: 10.1% Revenue growth, TTM YoY, FY25 Q3: 26.9% Revenue growth, TTM YoY, FY25 Q4: 27.4% Revenue growth, TTM YoY, FY26 Q1: 26.6% Revenue growth, TTM YoY, FY26 Q2: 28.4% Revenue growth, TTM YoY, FY26 Q3: 11.1% 11.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 54.3%
FY24 Q1 55.2%
FY24 Q2 21.0%
FY24 Q3 5.8%
FY24 Q4 3.5%
FY25 Q1 1.3%
FY25 Q2 10.1%
FY25 Q3 26.9%
FY25 Q4 27.4%
FY26 Q1 26.6%
FY26 Q2 28.4%
FY26 Q3 11.1%
Operating margin (TTM) ST JOE Co
20% 25% 30% 35% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 23.3% Operating margin (TTM), FY24 Q1: 23.6% Operating margin (TTM), FY24 Q2: 22.2% Operating margin (TTM), FY24 Q3: 22.6% Operating margin (TTM), FY24 Q4: 23.7% Operating margin (TTM), FY25 Q1: 23.6% Operating margin (TTM), FY25 Q2: 23.6% Operating margin (TTM), FY25 Q3: 27.1% Operating margin (TTM), FY25 Q4: 28.5% Operating margin (TTM), FY26 Q1: 28.5% Operating margin (TTM), FY26 Q2: 30.2% Operating margin (TTM), FY26 Q3: 32.0% 32.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 23.3%
FY24 Q1 23.6%
FY24 Q2 22.2%
FY24 Q3 22.6%
FY24 Q4 23.7%
FY25 Q1 23.6%
FY25 Q2 23.6%
FY25 Q3 27.1%
FY25 Q4 28.5%
FY26 Q1 28.5%
FY26 Q2 30.2%
FY26 Q3 32.0%
FCF margin (TTM) ST JOE Co
20% 25% 30% 35% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 25.1% FCF margin (TTM), FY24 Q1: 26.1% FCF margin (TTM), FY24 Q2: 24.3% FCF margin (TTM), FY24 Q3: 21.4% FCF margin (TTM), FY24 Q4: 24.9% FCF margin (TTM), FY25 Q1: 25.1% FCF margin (TTM), FY25 Q2: 26.0% FCF margin (TTM), FY25 Q3: 34.9% FCF margin (TTM), FY25 Q4: 36.4% FCF margin (TTM), FY26 Q1: 38.4% FCF margin (TTM), FY26 Q2: 38.7% FCF margin (TTM), FY26 Q3: 33.9% 33.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 25.1%
FY24 Q1 26.1%
FY24 Q2 24.3%
FY24 Q3 21.4%
FY24 Q4 24.9%
FY25 Q1 25.1%
FY25 Q2 26.0%
FY25 Q3 34.9%
FY25 Q4 36.4%
FY26 Q1 38.4%
FY26 Q2 38.7%
FY26 Q3 33.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar ST JOE took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $513M
  2. Other income $8.6M · 1.7%
  3. Cost of revenue $292M · 56.9%
  4. Gross profit $221M · 43.1%
  5. Other operating costs $74.7M · 14.6%
  6. Operating income $146M · 28.5%
  7. Income tax $39.2M · 7.6%
  8. Net income $116M · 22.5%

Shares of revenue. Source: ST JOE's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 138 100 145 139 131 702 104 97 100 110 127 161 267 252 389 403 513 543
Gross profit — — — — — — 37 35 33 59 63 — — 106 153 167 221 251
EBITDA −193 −38 −371 12 10 522 3 12 12 38 42 60 113 84 130 142 194 220
Operating income −209 −52 −387 2 1 513 −6 3 4 29 31 47 94 61 91 96 146 174
Net income −130 −36 −330 6 5 406 −2 16 60 32 27 45 75 71 78 74 116 121
Diluted EPS −$1.42 −$0.39 −$3.58 $0.07 $0.05 $4.40 −$0.02 $0.21 $0.84 $0.52 $0.45 $0.77 $1.27 $1.21 $1.33 $1.27 $1.99 $2.12
Growth (year on year)
Revenue −46.4% −28.0% +46.0% −4.1% −5.8% +434.7% −85.2% −6.7% +3.3% +10.2% +15.2% +26.3% +66.3% −5.5% +54.3% +3.5% +27.4% +11.1%
EBITDA — — — — −19.1% +>999% −99.4% +247.6% +7.0% +208.2% +8.4% +43.9% +88.2% −25.1% +53.5% +9.6% +36.4% +21.7%
Operating income — — — — — — −101.2% — +16.2% +722.0% +6.5% +50.3% +100.6% −34.9% +47.6% +5.3% +53.0% +31.3%
Net income — — — — −17.0% +>999% −100.4% — +274.8% −45.7% −17.3% +68.8% +64.9% −4.9% +9.6% −4.5% +55.9% +15.9%
Diluted EPS — — — — −28.6% +>999% −100.5% — +300.0% −38.1% −13.5% +71.1% +64.9% −4.7% +9.9% −4.5% +56.7% +17.7%
Margins
Gross margin — — — — — — 35.4% 35.8% 32.8% 53.5% 49.6% — — 42.2% 39.4% 41.5% 43.1% 46.1%
EBITDA margin −139.8% −38.1% −255.3% 8.8% 7.5% 74.3% 3.2% 12.0% 12.5% 34.8% 32.7% 37.3% 42.2% 33.4% 33.3% 35.3% 37.7% 40.4%
Operating margin −151.4% −51.8% −266.2% 1.5% 0.6% 73.1% −5.9% 3.2% 3.6% 26.7% 24.6% 29.3% 35.4% 24.4% 23.3% 23.7% 28.5% 32.0%
Net margin −94.0% −36.0% −227.3% 4.3% 3.8% 57.9% −1.7% 16.4% 59.6% 29.4% 21.1% 28.2% 27.9% 28.1% 20.0% 18.4% 22.5% 22.3%
Free-cash-flow margin 34.9% 15.1% −8.4% 16.2% 9.7% 46.8% 19.2% 9.7% 50.7% 35.2% 16.6% 19.7% 40.3% 16.2% 25.1% 24.9% 36.4% 33.9%
Cash flow
Cash from operations 51 16 −10 23 16 331 22 11 54 41 30 37 112 48 104 108 191 188
Capital spending 3 1 2 0 4 2 2 1 3 3 9 6 4 7 6 8 4 4
Free cash flow 48 15 −12 23 13 329 20 9 51 39 21 32 107 41 98 100 187 184
Stock-based pay 9 5 8 1 0 0 0 0 0 0 0 0 — 0 1 1 1 1
Free cash flow after stock pay 39 10 −21 22 12 328 20 9 51 39 21 32 — 41 97 99 185 183
Balance sheet
Cash 164 184 162 166 22 35 213 241 192 195 186 107 70 38 86 89 130 118
Total debt 57 55 53 36 44 64 55 56 56 71 95 161 227 391 459 443 396 366
Net debt (negative = net cash) −107 −129 −109 −130 22 29 −158 −185 −136 −124 −91 55 157 354 373 354 266 248
Diluted shares 91m 92m 92m 92m 92m 92m 88m 74m 71m 63m 60m 59m 59m 59m 58m 58m 58m 57m
Returned to shareholders
Dividends — — — — — — — — — — 0 4 19 23 26 30 34 37
Buybacks — — — — 0 0 305 15 147 93 21 9 — 20 — 3 40 81
Total returned — — — — 0 0 305 15 147 93 21 13 19 43 26 34 74 117

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · September 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $118m of cash against $362m of debt.
  • Debt below 40% of shareholders' equity Debt is 47% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 42% to 47% over five years.
  • A year's operating cash flow covers at least 20% of debt $188m of operating cash flow against $362m of debt.
  • Operating profit covers interest at least five times over Operating income of $174m against $28m of interest.

From ST JOE Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$80.6M
Dividends (TTM)
$36.6M
Returned to shareholders
64%
of free cash flow
Buybacks, last 3 fiscal years
$63.6M
Diluted share count
−1.5%
year over year
Total shareholder yield
3.0%
dividends 0.9% + buybacks 2.1% of market value
Dividend payout ratio
30%
of net income paid out

Competitors: side by side with peers

Closest by revenue in real estate development
Last 12 months unless stated JOE FOR SEG FPH MRNO TRC Median
Revenue, last 12 months $543m $1.7bn $122m $118m $60m $57m $53m
Revenue growth, last 12 months 11.1% 11.8% 3.1% −39.1% 48.4% 25.4% 11.4%
Revenue growth, 3-year average 14.2% 10.8% — 2.4% — 8.1% 10.8%
Revenue growth, latest quarter −3.0% 4.2% −13.8% 8.4% — 71.7% 0.6%
Gross margin 46.1% 21.4% — — — 32.9% 32.9%
Operating margin 32.0% 19.6% −101.2% — — −0.9% −0.9%
Operating margin, 3-year average 27.3% 35.7% −292.3% — — −8.1% −26.1%
Net margin 22.3% 9.9% −102.5% 24.9% −24.8% 10.6% 6.3%
Cash from operations / revenue 34.7% 16.5% −33.1% 5.4% 8.1% 21.9% 2.2%
Free-cash-flow margin 33.9% 16.4% −69.6% 5.1% −17.1% 69.8% −4.5%
Free-cash-flow margin, 3-year average 30.1% −3.0% −78.6% 41.1% — −25.3% −17.7%
Stock pay / revenue 0.2% 0.4% — 6.9% — 2.5% 4.1%
Change in share count −1.5% 0.3% — — 3.1% 0.7% 0.7%

Median of all 12 companies we cover in real estate development. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 real estate development companies
Measure Company Peer median Rank
Revenue growth Growth 11.1% 11.8% 7 of 12
Change in growth rate Growth -17.3pp -8.6pp 8 of 12
Operating margin Profitability 32.0% -0.9% 2 of 8
Net margin Profitability 22.3% 9.9% 2 of 12
Free-cash-flow margin Cash generation 33.9% -4.5% 2 of 11
Stock pay as % of revenue Cash generation 0.2% 4.1% 1 of 9
Long-term debt as % of assets Balance sheet 24.1% 24.1% 6 of 10
Change in share count Balance sheet -1.5% 0.7% 1 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Hospitality $221M 43.7% ▲ 8.9%
Residential Real Estate $165M 32.7% ▲ 41.1%
Commercial $119M 23.6% ▲ 51.4%
Products and services
Line of business Revenue YoY
Real Estate $234M ▲ 63.6%
Hospitality $215M ▲ 8.1%
Homebuilder Homesite Sales Lot Residuals $10.9M ▲ 202.8%
Homebuilder Homesite Sales Certain Products and Services $2.8M ▲ 12.0%

These categories overlap or exclude eliminations, so shares aren't shown.

From ST JOE Co's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
318
Shares held vs prior quarter
▼ 0.2%
Positions opened / closed
34 / 33

Top buyers and sellers, Q2 2026: 156 institutions bought and 131 sold ; the biggest buyer was First Trust Advisors LP (+406K shares) and the biggest seller Fairholme Capital Management LLC (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Fairholme Capital Management LLC $1.1B 18.2M 36.3% ▼ 5.4%
Blackrock, Inc. $385M 6.1M 12.3% ▲ 2.8%
Vanguard Portfolio Management LLC $246M 3.9M 7.8% ▲ 2.2%
Vanguard Capital Management LLC $113M 1.8M 3.6% 0.0%
State Street Corp $97.3M 1.6M 3.1% ▲ 4.6%
Dimensional Fund Advisors LP $84.8M 1.4M 2.7% ▲ 2.6%
Select Equity Group, L.P. $84M 1.3M 2.7% ▲ 5.2%
Geode Capital Management, LLC $75.1M 1.2M 2.4% ▲ 17.8%
Praetorian Pr LLC $42.3M 675K 1.3% 0.0%
FMR LLC $40.8M 651K 1.3% ▼ 0.1%
Horizon Kinetics Asset Management LLC $37.1M 593K 1.2% ▲ 9.2%
First Trust Advisors LP $33.4M 533K 1.1% ▲ 318.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not ST JOE Co's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $82.3M 27 trades by 2 insiders · 0% under pre-set plans
Net ▼ $82.3M net selling
Insider Date Trade Shares Price Value
Berkowitz Bruce R 10% owner June 18, 2026 Sell 140,400 $65.71 $9.2M
Berkowitz Bruce R 10% owner June 16, 2026 Sell 26,700 $65.03 $1.7M
Berkowitz Bruce R 10% owner June 15, 2026 Sell 94,200 $65.59 $6.2M
Berkowitz Bruce R 10% owner June 12, 2026 Sell 63,800 $65.25 $4.2M
Berkowitz Bruce R 10% owner June 10, 2026 Sell 29,200 $65.13 $1.9M
Berkowitz Bruce R 10% owner June 9, 2026 Sell 30,500 $65.10 $2M
Fairholme Funds Inc 10% owner June 8, 2026 Sell 29,000 $65.12 $1.9M
Fairholme Funds Inc 10% owner June 5, 2026 Sell 33,600 $65.18 $2.2M
Fairholme Funds Inc 10% owner June 4, 2026 Sell 59,100 $65.09 $3.8M
Fairholme Funds Inc 10% owner May 11, 2026 Sell 29,200 $65.49 $1.9M
Fairholme Funds Inc 10% owner May 8, 2026 Sell 86,500 $66.09 $5.7M
Berkowitz Bruce R 10% owner May 7, 2026 Sell 25,000 $65.33 $1.6M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in ST JOE Co disclosed in the last 12 months; 2 earlier trades on record.

  • Susie Lee(D-NV 3):Sale (full), $1,001 - $15,000, traded October 27, 2022, filed November 14, 2022
  • Susie Lee(D-NV 3):Sale (partial), $1,001 - $15,000, traded April 27, 2021, filed May 10, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 29, 2026
  • April 29, 2026
  • February 25, 2026
  • October 29, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on ST JOE Co was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

ST JOE Co in brief

What does ST JOE Co do?
ST JOE Co is a US-listed company in the real estate development industry. Its financial year ends in December.
What is ST JOE Co's stock ticker?
ST JOE Co trades under the ticker JOE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is ST JOE Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, ST JOE Co reported revenue of $543M, 11.1% higher than a year earlier, according to its SEC filings.
What is ST JOE Co's free cash flow?
ST JOE Co's free-cash-flow margin is 33.9% of revenue over the trailing twelve months, ranking 2 of the 11 real estate development companies we cover.
Who are ST JOE Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Fairholme Capital Management LLC, Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is ST JOE Co buying back stock, and does it pay a dividend?
ST JOE Co spent $80.6M on share repurchases over the trailing twelve months, and its diluted share count fell 1.5% over the year.
What is ST JOE Co's market cap?
On November 2, 2026, ST JOE Co's market capitalisation was about $3.9B, with a price-to-earnings ratio of 32.5 and net debt of $248M. Market figures come from third-party market data and may be delayed.
Does ST JOE Co pay a dividend?
Yes: ST JOE Co paid $36.6M in dividends over the trailing twelve months, a dividend yield of 0.94% and a payout ratio of 30.2%.
How much debt does ST JOE Co have?
ST JOE Co's debt-to-equity ratio is 47.3%, from its latest balance sheet (41.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are ST JOE Co's competitors?
In our Real Estate Development peer group, the companies closest to ST JOE Co are Forestar Group Inc., Seaport Entertainment Group Inc., Five Point Holdings, LLC, Murano Global Investments plc and Tejon Ranch Co. The side-by-side comparison below sets their revenue, margins and growth against ST JOE Co's.
Are insiders buying or selling ST JOE Co stock?
Over the last 12 months, ST JOE Co's directors and officers reported 0 open-market purchases and 27 sales on Form 4. The insider trading page charts every trade.
When is ST JOE Co's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — ST JOE Co announces its own schedule.