The St. Joe Company

JOE

Real Estate - Development · Real Estate

Price

$68.89

+0.08 (+0.12%)

Market Cap

$3.92B

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Exceptional

Cash Flow

Exceptional

Stability

Strong

Valuation

Weak

Dividends

Good

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Share count falling — buybacks

−2.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 58.9M (2021) → 57.6M (2025)

Winston Score History

The full picture

The St. Joe Company is a real estate developer based in Northwest Florida, primarily around the Panama City and Panama City Beach area. It owns a large amount of land — roughly 170,000 acres — and uses that land to build homes, sell residential lots, develop commercial properties, and operate hospitality businesses like hotels and clubs. Its main customers are homebuyers, businesses looking for commercial space, and tourists visiting the Florida Panhandle.

St. Joe makes money by selling land and homes, collecting rent from commercial tenants, and earning fees from its hospitality and membership businesses. Its massive land holdings in a single fast-growing region give it a unique competitive position, since that land cannot be replicated. The company operates almost entirely in Florida, which keeps it focused but also concentrated. The key growth driver is continued population migration into Northwest Florida, while the main risk is that a slowdown in housing demand or a major hurricane could significantly hurt the business.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+23.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+39.2% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

3.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$1.2B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

The St. Joe Company is a rare growth stock that's already generating positive cash flow while growing at 23%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

46.2%

Healthy — 46.2% gross margin

Profit after running costs

Operating Margin

34.5%

Excellent — 34.5% operating margin

Return on the money invested

ROCE

12.6%

Good — 12.6% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+28.4%

Fast-growing sales (+28.4% YoY)

Profit growth

EPS YoY

+50.7%

Earnings growing fast (+50.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

176%

Turns 176% of profit into real cash

Spare cash per sale

FCF Margin

36.5%

Converts sales into free cash efficiently (36.5%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns

Debt / Equity

0.72

Moderate — manageable debt (0.72)

Covers its interest

Interest Cover

10.90x

Comfortably covers interest (10.9x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit

P/E Ratio (TTM)

32.2x

Pricey — P/E 32.2

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

-238.7

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend

Dividend Yield

0.92%

Small dividend — 0.92% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+14.3%

Dividend growing fast (14.3% YoY)

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