One-glance verdict
Within fair range
$72.77 our estimate vs market $69.80
4% below our estimate
Fundamentals snapshot
The St. Joe Company
JOE · NYQ · Real Estate · Real Estate - Diversified
Current price
$69.80
52-week range
$55.61 - $73.54
Market cap
$3.95B
Balance sheet
Watch
4.80x Stretched
Net debt $424.61M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
2 Risks
3 rewards · 2 risks
- Reward Revenue grew 5.8% last year.
- Reward Returns 15.6% on equity, ahead of 83% of its peers.
- Risk Forward P/E (634.5x) is higher than trailing (33.1x) - earnings are expected to drop.
- Risk Insider ownership is only 0.4% (peer median: 8.2%).
What this company does
The St. Joe Company
The St. Joe Company (JOE) primarily develops and sells land for homes, manages hotels and resorts, and leases commercial properties, with most of its money coming from selling developed homesites and land. This matters because their success depends on building communities and owning leisure assets, showing how real estate development and hospitality can work together to generate income. They also grow and sell timber from their land.
How the company got here
The St. Joe Company, founded in 1936, has a long history rooted in Florida's Panhandle. Originally a timber and paper company, it underwent a significant transformation over the decades. A major turning point was its shift towards real estate development, leveraging its vast landholdings. This strategic pivot allowed the company to capitalize on the region's growth and diversify its revenue streams beyond its initial forestry operations.
What it actually does
St. Joe is a real estate company that focuses on developing and managing properties in Northwest Florida. Think of them as a master planner and builder for communities, hotels, and commercial spaces. They don't just build houses; they create entire neighborhoods and manage various properties, aiming to enhance the value of their extensive land assets.
Residential
This part of St. Joe is all about building and selling homes and the land for them. They develop communities, preparing lots (homesites) for sale to homebuilders who then construct houses. Sometimes, they also sell land directly to individuals or sell finished homes. This segment is a significant contributor to the company's overall business, focusing on creating places where people live.
Hospitality
The Hospitality segment is where St. Joe focuses on leisure and lodging. This includes owning and operating hotels, golf courses, beach clubs, and marinas. They also manage vacation rentals and offer food and beverage services within these properties. This business line aims to attract visitors and residents looking for recreational and hospitality experiences.
Commercial
This segment involves developing and leasing various commercial properties, such as retail spaces, office buildings, and multi-family apartment complexes, including senior living communities. St. Joe also manages and sells larger tracts of land for different commercial uses and even engages in growing and selling timber from its forest holdings. It's a diverse segment that supports business and community infrastructure.
What management is betting on now
St. Joe's management is focused on strategically developing its extensive land portfolio across its key segments. They are prioritizing growth in residential communities, expanding their hospitality offerings to attract more visitors, and developing commercial properties to support the growing population. The goal is to unlock the full potential of their real estate assets by creating integrated communities and destinations.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$27.60M
FY2025 Q1
$27.85M
FY2025 Q2
$29.71M
FY2025 Q3
$85.21M
FY2025 Q4
$43.87M
FY2026 Q1
$40.24M
FY2026 Q2
$42.96M
FY2026 Q3
$56.84M
Revenue
$156.19M
Net income
$36.92M
Diluted EPS
0.65
Operating cash flow
$57.68M
Free cash flow
$56.84M
Fetching…
Sources
Revenue
$158.83M
Net income
$40.47M
Diluted EPS
0.71
Operating cash flow
$43.94M
Free cash flow
$42.96M
Fetching…
Sources
Revenue
$99.04M
Net income
$13.93M
Diluted EPS
0.24
Operating cash flow
$42.24M
Free cash flow
$40.24M
Fetching…
Sources
Revenue
$128.89M
Net income
$29.93M
Diluted EPS
0.51
Operating cash flow
$44.40M
Free cash flow
$43.87M
Fetching…
Sources
Revenue
$161.08M
Net income
$38.71M
Diluted EPS
0.67
Operating cash flow
$86.21M
Free cash flow
$85.21M
Fetching…
Sources
Revenue
$129.08M
Net income
$29.52M
Diluted EPS
0.51
Operating cash flow
$31.06M
Free cash flow
$29.71M
Fetching…
Sources
Revenue
$94.20M
Net income
$17.46M
Diluted EPS
0.30
Operating cash flow
$29.02M
Free cash flow
$27.85M
Fetching…
Sources
Revenue
$104.33M
Net income
$18.92M
Diluted EPS
0.32
Operating cash flow
$29.84M
Free cash flow
$27.60M
Fetching…
Sources
Is it cheap or expensive?
Fair value $72.77 vs current price $69.80
Our most-likely fair value is $72.77 a share — about 4.3% away from today's price of $69.80, so the stock currently looks fairly priced.
Is it drowning in debt?
Watch
Net debt $424.6M. Interest coverage 4.8x.
Net debt
$424.61M
Interest coverage
4.80x
The St. Joe Company's profit covers its interest bill about 4.8 times over. which is stronger than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Watch
Worse cushion
Baseline
Better cushion
JOE
BASELINE
The St. Joe Company
Total debt $542.46M Interest coverage 4.80x This is the baseline the peer rows are being compared against.
Total debt $5.70B Interest coverage 1.78x -63% vs JOE Carries about 2.7x less debt cushion than JOE.
Total debt $794.20M Interest coverage 33.19x +592% vs JOE Carries about 6.9x more debt cushion than JOE.
Total debt $9.30M Interest coverage -8.22x -100% vs JOE This peer has almost no interest-payment cushion compared with JOE.
Total debt $717.79M Interest coverage 1.29x -73% vs JOE Carries about 3.7x less debt cushion than JOE.
What you should know
The case for and against JOE
3 Rewards
2 Risks
Rewards
-
Revenue grew 5.8% last year.
-
Returns 15.6% on equity, ahead of 83% of its peers.
-
Free cash flow was positive in 10/10 years.
Risks
-
Forward P/E (634.5x) is higher than trailing (33.1x) - earnings are expected to drop.
-
Insider ownership is only 0.4% (peer median: 8.2%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
33.08x
Forward P/E
634.55x
P/B
5.16x
P/S
7.27x
EV/EBITDA
19.94x
PEG ratio
-23.47x
Profitability
How much profit each dollar creates
Gross margin
46.1%
Operating margin
39.4%
Net margin
22.3%
ROE
15.6%
ROA
7.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.70x
Current ratio
3.64x
Quick ratio
3.21x
Total debt
$542.46M
Total cash
$117.86M
Growth
How the business has been compounding
Revenue TTM
$542.95M
Revenue 5Y CAGR
17.7%
EPS TTM
2.11
EPS 5Y CAGR
18.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$188.26M
Free CF TTM
$186.64M
FCF margin
34.4%
Dividend
Shareholder payout
Yield
1.0%
Payout ratio
30.3%
Last ex-div date
2026-11-12