The strong financial performance, particularly in real estate with improved margins and high backlog ($143.5M in contracted homesites), suggests continued momentum. The capital allocation strategy balancing growth investments (47% to capex), shareholder returns (33%), and debt reduction (20%) appears effective. Traders should monitor the impact of new NYC flights on 2026 results.
Price Chart
Executive Summary
ST JOE Co (JOE) reported strong fourth quarter and full year 2025 results with significant revenue and earnings growth across all segments, particularly in real estate. The company also declared a quarterly dividend of $0.16 per share. Financial performance was robust, with revenue up 27% and net income up 56% for the full year, driven by higher sales volume and improved margins.
Key Financial Metrics
Key Facts
- Full year 2025 revenue increased 27% to $513.2 million
- Full year 2025 net income increased 56% to $115.6 million ($2.00 per share)
- Real estate revenue grew 64% to $234.2 million with improved gross margins (51%)
- Hospitality revenue reached a company record of $215.4 million
- Company repurchased $40.0 million of stock and repaid $46.6 million of debt in 2025
- Cash balance increased by $40.8 million to $129.6 million
- Declared quarterly dividend of $0.16 per share
Financial Impact
Revenue increased by $110.5 million and net income by $41.4 million year-over-year
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| real estate | $234.2M | +64.0% |
| hospitality | $215.4M | +8.0% |
| leasing | $63.6M | +5.0% |
Risk Factors
- Forward-looking statements about growth prospects and market opportunities are subject to risks including economic conditions, interest rates, and competition
- Leasing revenue declined in Q4 due to property sale, though full year was up 5%
- Residential homesite volume was down slightly year-over-year (911 vs 912) despite higher revenue, indicating reliance on mix and pricing
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-019660 |
| Document: joe-20260225x8k.htm | 0001104659-26-019660 |
| Document: 0001104659-26-019660-index-headers.html | 0001104659-26-019660 |
| Document: 0001104659-26-019660-index.html | 0001104659-26-019660 |
| Document: 0001104659-26-019660.txt | 0001104659-26-019660 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 4, 2026 25w ago | 8-K | $65.00 $63.07 | ▼ −2.97% | ▼ −5.71% | $68.05 (+4.69%) |
Feb 25, 2026 34w ago | 8-K | $69.73 $63.81 | ▼ −8.49% | ▼ −16.66% | $68.05 (−2.41%) |
US Market Status
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