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JOE (The St. Joe Co) Gross Margin % : 38.03% (As of Sep. 2024)


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What is The St. Joe Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. The St. Joe Co's Gross Profit for the three months ended in Sep. 2024 was $37.7 Mil. The St. Joe Co's Revenue for the three months ended in Sep. 2024 was $99.0 Mil. Therefore, The St. Joe Co's Gross Margin % for the quarter that ended in Sep. 2024 was 38.03%.

Warning Sign:

The St. Joe Co gross margin has been in long-term decline. The average rate of decline per year is -5.6%.


The historical rank and industry rank for The St. Joe Co's Gross Margin % or its related term are showing as below:

JOE' s Gross Margin % Range Over the Past 10 Years
Min: 32.83   Med: 45.88   Max: 80.51
Current: 41.55


During the past 13 years, the highest Gross Margin % of The St. Joe Co was 80.51%. The lowest was 32.83%. And the median was 45.88%.

JOE's Gross Margin % is ranked better than
55.8% of 1654 companies
in the Real Estate industry
Industry Median: 36.12 vs JOE: 41.55

The St. Joe Co had a gross margin of 38.03% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for The St. Joe Co was -5.60% per year.


The St. Joe Co Gross Margin % Historical Data

The historical data trend for The St. Joe Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The St. Joe Co Gross Margin % Chart

The St. Joe Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.57 51.56 50.82 42.18 39.38

The St. Joe Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.89 45.60 39.00 43.52 38.03

Competitive Comparison of The St. Joe Co's Gross Margin %

For the Real Estate - Diversified subindustry, The St. Joe Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The St. Joe Co's Gross Margin % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, The St. Joe Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where The St. Joe Co's Gross Margin % falls into.



The St. Joe Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

The St. Joe Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=153.3 / 389.285
=(Revenue - Cost of Goods Sold) / Revenue
=(389.285 - 235.979) / 389.285
=39.38 %

The St. Joe Co's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=37.7 / 99.011
=(Revenue - Cost of Goods Sold) / Revenue
=(99.011 - 61.361) / 99.011
=38.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


The St. Joe Co  (NYSE:JOE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

The St. Joe Co had a gross margin of 38.03% for the quarter that ended in Sep. 2024 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


The St. Joe Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of The St. Joe Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


The St. Joe Co Business Description

Traded in Other Exchanges
Address
130 Richard Jackson Boulevard, Suite 200, Panama City Beach, FL, USA, 32407
The St. Joe Co is a real estate development, asset management, and operating company and it has three operating segments; the Residential segment plans and develops residential communities and sells homesites to homebuilders or retail consumers, the Hospitality segment features a private membership club (the Watersound Club), hotel operations, food and beverage operations, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets, and Commercial segment include leasing of commercial property, multi-family, senior living, self-storage, and other assets and it also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.
Executives
Fairholme Funds Inc 10 percent owner 5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
Jorge Luis Gonzalez officer: Sr Vice President-Development 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32461
Marek Bakun officer: Chief Financial Officer 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Elizabeth J Walters officer: SVP, GC & Corporate Secretary 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32641
Rhea Goff officer: SVP & Chief Admin. Officer 133 S WATERSOUND PARKWAY, WATERSOUND FL 32461
Howard S Frank director
Kenneth Borick officer: SVP, General Counsel 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Cesar L Alvarez director C/O PEDIATRIX MEDICAL GROUP, LEGAL DEPT 1301- CONCORD TERRACE, SUNRISE FL 33323
Patrick Wayne Murphy officer: SVP, Operations 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Fairholme Capital Management Llc 10 percent owner 5966 S DIXIE HWY, SUITE 300, SOUTH MIAMI FL 33143
James S Hunt director 300 N. BEACH STREET, DAYTONA BEACH FL 32114
Susan D Mermer officer: Chief Accounting Officer 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Vito S Portera director 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
David Harrelson officer: Vice President, Timberland 133 SOUTH WATERSOUND PARKWAY, WATERSOUND FL 32413
Joanne Kay Viard officer: Chief Accounting Officer 133 S. WATERSOUND PARKWAY, WATERSOUND FL 32413