Filing Flows › ST JOE (JOE) › Q1 2025
ST JOE (JOE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
ST JOE (JOE) reported revenue of $94.2M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -10% from the quarter before. Operating margin was 17.9%, net earnings $17.5M (18.5% of revenue).
ST JOE, Q1 2025: revenue $94.2M (+7% year over year), operating margin 17.9%, net earnings $17.5M, operating cash flow $29.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $94.2M | -10% | +7% |
| Gross profit | $35.6M | -19% | +4% |
| Operating profit | $16.9M | -34% | +6% |
| Net earnings | $17.5M | -8% | +25% |
| Operating cash flow | $29.0M | -3% | +5% |
| Free cash flow | $27.8M | +0.9% | +10% |
What changed
Revenue was $94.2M in Q1 2025, up 7% year over year and down 10% from the previous quarter.
Gross margin was 37.8%, down 1.2 points from a year earlier. Operating profit was $16.9M, a 17.9% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 18% margin then. Operating expenses grew 2% against revenue growth of 7%. Net earnings were $17.5M, up 25% year over year ($16.7M including minority interests, which bore $793K of losses). The effective tax rate was 25.8%. Non-operating items added $5.6M, 25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $29.0M (up 5% year over year), 174% of net income including minority interests. Non-cash charges added back $12.1M of depreciation and amortization and $310K of share-based compensation. Capital expenditures of $1.2M left free cash flow of $27.8M.
Questions
What was ST JOE's revenue in the first quarter 2025?
ST JOE (JOE) reported revenue of $94.2M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -10% from the quarter before.
Was ST JOE profitable in the first quarter 2025?
Operating profit was $16.9M (17.9% of revenue) and net earnings $17.5M.
Source: ST JOE 10-Q on SEC EDGAR.