The St. Joe Company
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $513.2M | $402.7M | $389.3M | $252.3M | $267.0M | $160.6M | $127.1M | $110.3M |
| Cost of Revenue | — | — | — | — | — | — | $64.1M | $51.3M |
| Gross Profit | $221.0M | $167.2M | $153.3M | $106.4M | — | — | $63.0M | $59.0M |
| Gross Margin | 43.1% | 41.5% | 39.4% | 42.2% | — | — | 49.6% | 53.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $146.2M | $95.6M | $90.7M | $61.5M | $94.5M | $47.1M | $31.3M | $29.4M |
| Operating Margin | 28.5% | 23.7% | 23.3% | 24.4% | 35.4% | 29.3% | 24.6% | 26.7% |
| Interest Expense | — | — | $30.6M | $18.4M | $15.9M | $13.6M | $12.3M | $11.8M |
| Pretax Income | $155.1M | $98.3M | $100.1M | $94.6M | $98.7M | $59.2M | $36.2M | $30.9M |
| Income Tax Expense | $39.2M | $26.0M | $26.0M | $24.4M | $25.0M | $13.7M | $9.4M | $-736.0K |
| Net Income | $115.6M | $74.2M | $77.7M | $70.9M | $74.6M | $45.2M | $26.8M | $32.4M |
| Net Margin | 22.5% | 18.4% | 20.0% | 28.1% | 27.9% | 28.2% | 21.1% | 29.4% |
| EPS (Basic) | $2.00 | $1.27 | $1.33 | $1.21 | $1.27 | $0.77 | $0.45 | $0.52 |
| EPS (Diluted) | $1.99 | $1.27 | $1.33 | $1.21 | $1.27 | $0.77 | $0.45 | $0.52 |
| Shares Outstanding (Basic) | 57.9M | 58.3M | 58.3M | 58.7M | 58.9M | 59.0M | 60.0M | 60.7M |
| Shares Outstanding (Diluted) | 58.0M | 58.3M | 58.3M | 58.7M | 58.9M | 59.0M | 60.0M | 60.7M |
| Dividends Per Share | $0.58 | $0.52 | $0.44 | $0.40 | $0.32 | $0.07 | $0.00 | $0.00 |