Filing Flows › ST JOE (JOE) › Q4 2025
ST JOE (JOE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
ST JOE (JOE) reported revenue of $129M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and -20% from the quarter before. Operating margin was 30.6%, net earnings $29.9M (23.2% of revenue).
ST JOE, Q4 2025: revenue $129M (+24% year over year), operating margin 30.6%, net earnings $29.9M, operating cash flow $44.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $129M | -20% | +24% |
| Gross profit | $58.5M | -18% | +32% |
| Operating profit | $39.4M | -25% | +53% |
| Net earnings | $29.9M | -23% | +58% |
| Operating cash flow | $44.4M | -48% | +49% |
| Free cash flow | $43.9M | -49% | +59% |
What changed
Revenue was $128.9M in Q4 2025, up 24% year over year and down 20% from the previous quarter.
Gross margin was 45.4%, up 3.1 points from a year earlier. Operating profit was $39.4M, a 30.6% margin (up 5.9 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 25% margin then. Operating expenses grew 3% against revenue growth of 24%. Net earnings were $29.9M, up 58% year over year ($29.2M including minority interests, which bore $698K of losses). The effective tax rate was 25.0%.
Operating cash flow was $44.4M (up 49% year over year), 152% of net income including minority interests. Non-cash charges added back $11.7M of depreciation and amortization and $308K of share-based compensation. Working capital and other items added $3.2M. Capital expenditures of $535K left free cash flow of $43.9M.
Questions
What was ST JOE's revenue in the fourth quarter 2025?
ST JOE (JOE) reported revenue of $129M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and -20% from the quarter before.
Was ST JOE profitable in the fourth quarter 2025?
Operating profit was $39.4M (30.6% of revenue) and net earnings $29.9M.
Source: ST JOE 10-K on SEC EDGAR.