FPI vs JOE Stock Comparison

Farmland Partners and St Joe Prices as of Oct 23, 2026 Peers: Industry group
FPI Farmland Partners Inc.
$10.26 -4.8% 1M -0.3% 1Y
Market cap
$443.44M
P/E
18.3x
Revenue (TTM)
$51.47M
Div. yield
0.05%
Farmland REITs Real Estate
5 wins
JOE ST JOE Co
$67.62 +2.7% 1M +34.5% 1Y
Market cap
$3.89B
P/E
31.6x
Revenue (TTM)
$547.84M
Div. yield
0.01%
Real Estate Development Real Estate
5 wins

Head to Head

10 decided of 12

St Joe leads on 5 of the 12 questions below (St Joe 5, Farmland Partners 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFPIJOELeader
Larger companyMarket capitalisation $443.44M $3.89B JOE
Cheaper on earningsLower P/E, profitable companies only 18.3x 31.6x FPI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 46.6x 87.8x FPI
Faster revenue growthRevenue growth, trailing twelve months -6.4% +28.4% JOE
More profitableNet margin, trailing twelve months 47.0% 22.5% FPI
Better return on capitalReturn on invested capital 2.6% — –
Less leveragedLower net debt / EBITDA 9.8x — –
Higher dividend yieldTrailing dividend yield 0.05% 0.01% FPI
Better 1-year returnPrice return, last 12 months -0.3% +34.5% JOE
Better 5-year returnAnnualised price return, 5 years -3.3%/yr +7.7%/yr JOE
Less volatileAnnualised volatility, 1 year 24.3% 30.0% FPI
Higher overall scoreMean of the five percentile scores vs peers 57/100 70/100 JOE

Percentile Scorecard

FPIJOE

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFPIJOE
Valuation 43 #123 of 216 55 #18 of 39
Growth 39 #127 of 206 88 #5 of 33
Profitability 61 #78 of 199 93 #3 of 30
Financial Health 65 #77 of 215 60 #16 of 38
Shareholder Returns 78 #38 of 166 54 #7 of 14
Overall 57 70
  • FPI ranked among 224 companies in Real Estate
  • JOE ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFPIJOESPY
1 month -4.8%+2.7% -1.0%
3 months +6.9%+8.9% +2.9%
6 months -12.4%-4.8% +6.4%
Year to date +5.9%+13.9% +11.4%
1 year -0.3%+34.5% +13.1%
3 years -3.6%+36.6% +79.4%
3 years, per year -1.2%+11.0% +21.5%
5 years -15.3%+45.0% +67.7%
5 years, per year -3.3%+7.7% +10.9%
10 years -4.5%+271.5% +255.2%
10 years, per year -0.5%+14.0% +13.5%

Risk

MeasureFPIJOESPY
Volatility, 1Y 24.3%30.0% 12.7%
Downside volatility, 1Y 27.0%26.5% 12.7%
Beta vs S&P 500, 1Y 0.270.48 1.00
Return / volatility, 1Y -0.011.15 1.03
Max drawdown, 5Y -42.7%-48.7% -25.4%
From 52-week high -21.3%-7.1% -2.5%
52-week high $13.04$72.79 $779.14
52-week low $9.34$49.03 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFPIJOE
P/E now vs peer median 18.4xmedian 24.8x 31.4xmedian 7.8x
P/S now vs peer median 8.7xmedian 3.8x 7.0xmedian 4.9x
EV/EBITDA now vs peer median 30.6xmedian 14.4x 17.6xmedian 11.2x
P/FCF now vs peer median 26.8xmedian 19.7x 20.2xmedian 6.4x
P/B now vs peer median 1.0xmedian 1.2x 5.0xmedian 0.6x
PEG now vs peer median 0.56median 1.40 2.31median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFPIJOE
Revenue $51.47M $547.84M
Gross profit $47.81M $241.34M
Operating income $18.09M $165.33M
Net income $26.06M $123.71M
Free cash flow $16.70M $191.24M
EPS (diluted) $0.56 $2.15
Cash & equivalents $11.42M $117.32M
Total debt $1.05B –
Shares (diluted) 43.37M 57.17M
Enterprise value $391.52M $3.38B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFPIJOE
P/E 18.4x 31.4x
P/FCF 26.8x 20.2x
P/Operating cash flow 24.3x 17.8x
P/S 8.7x 7.0x
P/B 1.0x 5.0x
P/Tangible book 1.0x 5.0x
EV/EBITDA 30.6x 17.6x
EV/EBIT 36.5x 22.6x
EV/Revenue 12.8x 6.8x
EV/FCF 39.5x 19.5x
EV/Operating cash flow 35.8x 17.2x
PEG (3Y EPS CAGR) 0.56 2.31

Growth

14 metrics
MetricFPIJOE
Revenue growth (1Y) -6.4% 28.4%
Revenue CAGR (3Y) -4.6% 19.6%
Gross profit growth (1Y) -4.8% 38.5%
Gross profit CAGR (3Y) -4.0% –
Operating income growth (1Y) 1,339% 63.9%
Operating income CAGR (3Y) -10.0% 29.8%
Net income growth (1Y) -63.8% 52.3%
Net income CAGR (3Y) 14.3% 14.2%
EPS growth (1Y) -54.9% 51.0%
EPS CAGR (3Y) 33.1% 13.6%
Operating cash flow growth (1Y) 26.9% 84.3%
Operating cash flow CAGR (3Y) 0.8% 44.3%
Free cash flow growth (1Y) 203.3% 134.2%
Free cash flow CAGR (3Y) 40.5% 47.3%

Profitability

14 metrics
MetricFPIJOE
Gross margin 92.9% 44.1%
EBITDA margin 41.9% 38.7%
Operating margin 35.2% 30.2%
Pretax margin 50.6% 30.3%
Net margin 47.0% 22.5%
FCF margin 32.4% 34.9%
Operating cash flow margin 35.8% 39.6%
Return on equity 5.6% 16.0%
Return on assets 3.7% 8.2%
Return on invested capital 2.6% –
Return on capital employed – –
Asset turnover 0.1x 0.4x
Cash conversion (OCF / net income) 0.7x 1.8x
Stock comp / revenue 3.9% 0.2%

Financial Health

11 metrics
MetricFPIJOE
Debt / assets 32.0% –
Debt / equity 0.5x –
Net debt / EBITDA 9.8x –
Debt / FCF 13.4x –
Liabilities / assets 33.8% 48.8%
Equity / assets 66.2% 51.2%
Interest coverage 1.7x 5.7x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricFPIJOE
Dividend yield 5.2% 0.9%
Net buyback yield 18.3% 1.6%
Shareholder yield 23.4% 2.6%
Payout ratio (earnings) 78.2% 28.8%
Payout ratio (FCF) 122.0% 18.7%
Dividend growth (1Y) -68.3% 9.2%
Dividend CAGR (3Y) 16.6% 15.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFPIJOE
Forward P/E 46.6xFY2026 87.8xFY2026
EPS, next fiscal year $0.22FY2026 $0.77FY2026
EPS growth, next FY -63.9%FY2026 -42.1%FY2026
EPS growth, the year after -13.6% –
Revenue, next fiscal year $32.83MFY2026 $273.72MFY2026
Revenue growth, next FY -8.6%FY2026 -29.7%FY2026
Revenue growth, the year after +0.7% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFPIJOE
Held by institutions 53.2% 87.6%
Institutions holding 181 320
Change in shares held, QoQ -0.8% -0.2%
Institutions buying 100 160
Institutions selling 51 97
Buyers to sellers 1.96 1.65

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FPIJOE
FPI 1.00 0.31
JOE 0.31 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FPI and JOE?

St Joe (JOE) is the largest by market capitalisation: Farmland Partners (FPI) $443.44M, St Joe (JOE) $3.89B.

Which stock is cheaper, FPI and JOE?

Farmland Partners (FPI) trades on the lowest price-to-earnings ratio (Farmland Partners (FPI) 18.3x, St Joe (JOE) 31.6x). On next year's consensus earnings, Farmland Partners (FPI) is cheapest (Farmland Partners (FPI) 46.6x, St Joe (JOE) 87.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

St Joe (JOE) grew revenue fastest over the trailing twelve months: Farmland Partners (FPI) -6.4%, St Joe (JOE) +28.4%.

Which company is more profitable?

Farmland Partners (FPI) has the highest net margin (Farmland Partners (FPI) 47.0%, St Joe (JOE) 22.5%).

Which stock has performed better?

Over the past year St Joe (JOE) returned the most: Farmland Partners (FPI) -0.3%, St Joe (JOE) +34.5%. Over five years, St Joe (JOE) compounded fastest (Farmland Partners (FPI) -3.3%/yr, St Joe (JOE) +7.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Farmland Partners (FPI) has the highest dividend yield: Farmland Partners (FPI) 0.05%, St Joe (JOE) 0.01%.

Which stock is riskier?

By one-year price volatility, Farmland Partners (FPI) has been the steadiest (Farmland Partners (FPI) 24.3%, St Joe (JOE) 30.0%). Volatility measures how widely the price swings, not the risk of the business.

Do FPI and JOE move together?

Their daily returns over the past year have a correlation of 0.31, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FPI and JOE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, St Joe (JOE) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.