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ST JOE vs Portsmouth Square: revenue, profit, margins and growth compared

ST JOE brought in $513.2M of revenue in fiscal 2025, Portsmouth Square $46.4M in fiscal 2025. Revenue changed by +27.4% at ST JOE and +10.7% at Portsmouth Square on the year before, so ST JOE grew faster. ST JOE kept 22.5% of its revenue as net profit, Portsmouth Square -19.6%. Free cash flow was $186.6M at ST JOE and -$4.4M at Portsmouth Square.

Side by side, latest fiscal year

JOEPRSI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (June 30, 2025)
Revenue$513.2M$46.4M
Revenue growth+27.4%+10.7%
Net income$115.6M-$9.1M
Net margin22.5%-19.6%
Free cash flow$186.6M-$4.4M
Free cash flow margin36.4%-9.5%
Earnings per share (diluted)$1.99-$12.41
Cash$129.6M$4.5M
Debt$391.2Mn/a
Price to earnings33.2n/a
Market value$3.8B$5M
Dividend yield0.88%n/a
Rank by revenue in sector#98 of 230 · Real estate#177 of 230 · Real estate

Over the years

Revenue
JOE FY2018: $110.3MJOE FY2019: $127.1MJOE FY2020: $160.6MJOE FY2021: $267MJOE FY2021: $252.3MJOE FY2023: $389.3MJOE FY2024: $402.7MJOE FY2025: $513.2MPRSI FY2018: $57.1MPRSI FY2019: $59.9MPRSI FY2020: $42.8MPRSI FY2021: $14.7MPRSI FY2022: $31.5MPRSI FY2023: $42MPRSI FY2024: $41.9MPRSI FY2025: $46.4MFY18FY19FY20FY21FY22FY23FY24FY25
JOE $513.2MPRSI $46.4M
Net income
JOE FY2018: $32.4MJOE FY2019: $26.8MJOE FY2020: $45.2MJOE FY2021: $74.6MJOE FY2021: $70.9MJOE FY2023: $77.7MJOE FY2024: $74.2MJOE FY2025: $115.6MPRSI FY2018: $3.6MPRSI FY2019: $2.6MPRSI FY2020: -$2.9MPRSI FY2021: -$5.2MPRSI FY2022: -$6.6MPRSI FY2023: -$13.2MPRSI FY2024: -$11.4MPRSI FY2025: -$9.1MFY18FY19FY20FY21FY22FY23FY24FY25
JOE $115.6MPRSI -$9.1M
Net margin
JOE FY2018: 29.4%JOE FY2019: 21.1%JOE FY2020: 28.2%JOE FY2021: 27.9%JOE FY2021: 28.1%JOE FY2023: 20.0%JOE FY2024: 18.4%JOE FY2025: 22.5%PRSI FY2018: 6.4%PRSI FY2019: 4.3%PRSI FY2020: -6.8%PRSI FY2021: -35.6%PRSI FY2022: -20.8%PRSI FY2023: -31.4%PRSI FY2024: -27.2%PRSI FY2025: -19.6%FY18FY19FY20FY21FY22FY23FY24FY25
JOE 22.5%PRSI -19.6%
Revenue growth
JOE FY2019: +15.2%JOE FY2020: +26.3%JOE FY2021: +66.3%JOE FY2021: -5.5%JOE FY2023: +54.3%JOE FY2024: +3.5%JOE FY2025: +27.4%PRSI FY2019: +4.9%PRSI FY2020: -28.5%PRSI FY2021: -65.8%PRSI FY2022: +115.0%PRSI FY2023: +33.3%PRSI FY2024: -0.3%PRSI FY2025: +10.7%FY19FY20FY21FY22FY23FY24FY25
JOE +27.4%PRSI +10.7%
Free cash flow
JOE FY2018: $38.8MJOE FY2019: $21MJOE FY2020: $31.6MJOE FY2021: $107.5MJOE FY2021: $40.9MJOE FY2023: $97.7MJOE FY2024: $100.2MJOE FY2025: $186.6MPRSI FY2018: $10.1MPRSI FY2019: $8MPRSI FY2020: -$6.7MPRSI FY2021: -$11.8MPRSI FY2022: -$4.7MPRSI FY2023: -$3.1MPRSI FY2024: -$4MPRSI FY2025: -$4.4MFY18FY19FY20FY21FY22FY23FY24FY25
JOE $186.6MPRSI -$4.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about ST JOE and Portsmouth Square

Which is bigger by revenue, ST JOE or Portsmouth Square?

ST JOE is bigger by revenue: $513.2M in fiscal 2025, against $46.4M for Portsmouth Square in fiscal 2025.

Which keeps more of its revenue as profit, ST JOE or Portsmouth Square?

ST JOE had a net margin of 22.5% in fiscal 2025; Portsmouth Square had -19.6% in fiscal 2025.

Which grew revenue faster, ST JOE or Portsmouth Square?

In their latest fiscal years revenue changed by +27.4% at ST JOE and +10.7% at Portsmouth Square.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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