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ST JOE vs Stratus Properties: revenue, profit, margins and growth compared

ST JOE brought in $513.2M of revenue in fiscal 2025, Stratus Properties $29.9M in fiscal 2025. Revenue changed by +27.4% at ST JOE and -44.8% at Stratus Properties on the year before, so ST JOE grew faster. ST JOE kept 22.5% of its revenue as net profit, Stratus Properties 40.1%. Free cash flow was $186.6M at ST JOE and -$38M at Stratus Properties.

Side by side, latest fiscal year

JOESTRS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$513.2M$29.9M
Revenue growth+27.4%-44.8%
Net income$115.6M$12M
Net margin22.5%40.1%
Free cash flow$186.6M-$38M
Free cash flow margin36.4%-127.2%
Earnings per share (diluted)$1.99$1.47
Cash$129.6M$74.3M
Debt$391.2Mn/a
Price to earnings32.812.5
Market value$3.7B$146.5M
Dividend yield0.89%n/a
Rank by revenue in sector#93 of 195 · Real estate#168 of 195 · 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: $513.2MSTRS FY2018: $25MSTRS FY2019: $92.2MSTRS FY2020: $44.3MSTRS FY2021: $28.2MSTRS FY2022: $37.5MSTRS FY2023: $17.3MSTRS FY2024: $54.2MSTRS FY2025: $29.9MFY18FY19FY20FY21FY22FY23FY24FY25
JOE $513.2MSTRS $29.9M
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: $115.6MSTRS FY2018: -$4MSTRS FY2019: -$2.5MSTRS FY2020: -$22.8MSTRS FY2021: $57.4MSTRS FY2022: $90.4MSTRS FY2023: -$14.8MSTRS FY2024: $2MSTRS FY2025: $12MFY18FY19FY20FY21FY22FY23FY24FY25
JOE $115.6MSTRS $12M
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%STRS FY2018: -15.9%STRS FY2019: -2.7%STRS FY2020: -51.4%STRS FY2021: 203.3%STRS FY2022: 241.1%STRS FY2023: -85.7%STRS FY2024: 3.6%STRS FY2025: 40.1%FY18FY19FY20FY21FY22FY23FY24FY25
JOE 22.5%STRS 40.1%
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%STRS FY2019: +268.9%STRS FY2020: -51.9%STRS FY2021: -36.3%STRS FY2022: +32.8%STRS FY2023: -53.9%STRS FY2024: +213.7%STRS FY2025: -44.8%FY19FY20FY21FY22FY23FY24FY25
JOE +27.4%STRS -44.8%
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: $186.6MSTRS FY2018: -$93.8MSTRS FY2019: -$64.9MSTRS FY2020: -$10.2MSTRS FY2021: -$73.2MSTRS FY2022: -$110.1MSTRS FY2023: -$97.2MSTRS FY2024: -$35MSTRS FY2025: -$38MFY18FY19FY20FY21FY22FY23FY24FY25
JOE $186.6MSTRS -$38M

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

Questions about ST JOE and Stratus Properties

Which is bigger by revenue, ST JOE or Stratus Properties?

ST JOE is bigger by revenue: $513.2M in fiscal 2025, against $29.9M for Stratus Properties in fiscal 2025.

Which keeps more of its revenue as profit, ST JOE or Stratus Properties?

ST JOE had a net margin of 22.5% in fiscal 2025; Stratus Properties had 40.1% in fiscal 2025.

Which grew revenue faster, ST JOE or Stratus Properties?

In their latest fiscal years revenue changed by +27.4% at ST JOE and -44.8% at Stratus Properties.

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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