St Joe (JOE) Operating Margin (2009 - 2026)
St Joe's Operating Margin was 39.40% in Q3 2026, up 6.54 percentage points from 32.86% a year earlier and up 4.92 percentage points from the prior quarter.
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Analysis
St Joe (JOE) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, St Joe's Operating Margin was 32.04% through Sep 30, 2026, up 4.92 percentage points year-over-year; for FY2025, it was 28.49%, up 4.76 percentage points from FY2024.
- Operating Margin shows a five-year change of -0.83 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 23.73% in FY2024 (+0.43 pp), 23.31% in FY2023 (-1.05 pp), 24.36% in FY2022 (-11.02 pp) and 35.38% in FY2021 (+6.05 pp).
- The Q3 2026 figure marks the highest quarterly Operating Margin since Q4 2021.
- Compared with a year earlier, Operating Margin has increased for five straight quarters, with an average year-over-year change of +4.25 percentage points over the last eight quarters.
- The best year-over-year quarter for Operating Margin over five years was Q1 2022 (a gain of 17.77 percentage points); the worst was Q4 2022 (a drop of 25.59 percentage points).
- Per Business Quant data, JOE's Operating Margin in the three quarters before Q3 2026 was 34.49% (Q2 2026), 18.35% (Q1 2026) and 30.60% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 19.50 Bn | 18.48 Bn | - | 76.00% |
| 2 | Howard Hughes Holdings | 5.01 Bn | -3.87 Bn | 435.75 Mn | 24.67% |
| 3 | Millrose Properties | 4.37 Bn | 4.19 Bn | - | 85.52% |
| 4 | St Joe | 4.19 Bn | 3.69 Bn | 80.65 Mn | 39.40% |
| 5 | Vesta Real Estate Corporation, S.A.B. de C.V | 3.25 Bn | 2.09 Bn | - | - |
| 6 | LandBridge | 1.85 Bn | 1.72 Bn | 65.71 Mn | 66.07% |
| 7 | Opendoor Technologies | 1.32 Bn | -2.44 Bn | 38.00 Mn | -18.30% |
| 8 | Forestar | 1.21 Bn | -136.16 Mn | 84.10 Mn | 11.25% |
| 9 | EagleRock Land | 553.94 Mn | 478.01 Mn | 35.42 Mn | -128.01% |
| 10 | Tejon Ranch | 477.18 Mn | 409.05 Mn | - | 10.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 39.40% |
| Jun 30, 2026 | 34.49% |
| Mar 31, 2026 | 18.35% |
| Dec 31, 2025 | 30.60% |
| Sep 30, 2025 | 32.86% |
| Jun 30, 2025 | 28.63% |
| Mar 31, 2025 | 17.93% |
| Dec 31, 2024 | 24.66% |
| Sep 30, 2024 | 21.48% |
| Jun 30, 2024 | 29.24% |
| Mar 31, 2024 | 18.17% |
| Dec 31, 2023 | 19.95% |
| Sep 30, 2023 | 20.01% |
| Jun 30, 2023 | 32.64% |
| Mar 31, 2023 | 15.49% |
| Dec 31, 2022 | 16.65% |
| Sep 30, 2022 | 21.15% |
| Jun 30, 2022 | 27.55% |
| Mar 31, 2022 | 31.18% |
| Dec 31, 2021 | 42.24% |
API Access
St Joe Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=JOE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "JOE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=JOE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();