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ST JOE (JOE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · ST JOE (JOE) Q3 2026 earnings results →
Q3 2026 Revenue down 3% year over year to $156M · 24¢ of every $1 of revenue kept as net profit · operating margin 39.4%
ST JOE made $156M in Q3 2026 (-3% Y/Y). Operating margin 39.4%, net earnings $36.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $156.2M in Q3 2026, down 3% year over year and down 2% from the previous quarter.
Gross margin was 51.6%, up 7.3 points from Q3 2025. Operating profit was $61.5M, a 39.4% margin (up 6.5 points year over year). Operating expenses grew 3% against a revenue fall of 3%. Net earnings were $36.9M, down 5% year over year. The effective tax rate was 25.8%.
Operating cash flow was $57.7M (down 33% year over year), 156% of net earnings. Non-cash charges added back $11.1M of depreciation and amortization and $358K of share-based compensation. Working capital and other items added $9.1M. Capital expenditures of $837K left free cash flow of $56.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $156M | -3% | 39.4% | $36.9M | $57.7M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $159M | +23% | 34.5% | $40.5M | $43.9M |
| Q1 2026 | 10-Q | Apr 29, 2026 | $99.0M | +5% | 18.4% | $13.9M | $42.2M |
| Q4 2025 | 10-K | Feb 25, 2026 | $129M | +24% | 30.6% | $29.9M | $44.4M |
| Q3 2025 | 10-Q | Oct 29, 2025 | $161M | +63% | 32.9% | $38.7M | $86.2M |
| Q2 2025 | 10-Q | Jul 23, 2025 | $129M | +16% | 28.6% | $29.5M | $31.1M |
| Q1 2025 | 10-Q | Apr 23, 2025 | $94.2M | +7% | 17.9% | $17.5M | $29.0M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About ST JOE
As used throughout this Annual Report on Form 10-K (“Form 10-K”), the terms “St. Joe,” the “Company,” “we,” “our,” or “us” include The St. Joe Company, its consolidated subsidiaries and consolidated joint ventures unless the context indicates otherwise. St. Joe was incorporated in the State of Florida in 1936. We are a diversified real estate development, asset management and operating company. As of December 31, 2025, we owned 165,000 acres of land in Northwest Florida, compared to 167,000 acres and 168,000 acres as of December 31, 2024 and 2023, respectively. A portion of our land is within the Bay-Walton Sector Plan (“Sector Plan”) that entitles or gives legal rights for us to originally develop over 170,000 residential dwelling units, over 22 million square feet of retail, commercial and industrial space and over 3,000 hotel rooms on lands within Florida’s Bay and Walton counties.
In its own words, from its 10-K, filed Feb 25, 2026.
ST JOE against its Land Subdividers & Developers (No Cemeteries) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -3% against the peers' median -3%. Operating margin: 39.4% against the peers' median -2.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| JOE ST JOE | Q3 2026 | $156M | -3% | 39.4% |
| PRSI Portsmouth Square | Q4 FY26 | $14.2M | +15% | 14.4% |
| AXR Amrep | Q1 FY27 | $6.1M | -66% | -2.7% |
| KANP Kaanapali Land LLC | Q2 2026 | $620K | +65% | -229.7% |
| ILAL International Land Alliance | Q2 2026 | $142K | -82% | n/m |
Source: ST JOE 10-Q on SEC EDGAR · CIK 745308 · Land Subdividers & Developers (No Cemeteries)
13F: who owns JOE and who is buying
More on JOE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results