Alexander & Baldwin Inc Financials
This page shows Alexander & Baldwin Inc (ALEX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Alexander & Baldwin Inc has an operating margin of 33.7%, meaning the company retains $34 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 30.9% the prior year.
Alexander & Baldwin Inc's revenue grew 13.3% year-over-year to $236.6M, a solid pace of expansion. This earns a growth score of 67/100.
Alexander & Baldwin Inc carries a low D/E ratio of 0.47, meaning only $0.47 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Alexander & Baldwin Inc converts 32.6% of revenue into free cash flow ($77.0M). This strong cash generation earns a score of 100/100.
Alexander & Baldwin Inc generates a 6.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is up from 3.0% the prior year.
Alexander & Baldwin Inc passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Alexander & Baldwin Inc generates $1.62 in operating cash flow ($98.0M OCF vs $60.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Alexander & Baldwin Inc earns $3.4 in operating income for every $1 of interest expense ($79.8M vs $23.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Alexander & Baldwin Inc generated $236.6M in revenue in fiscal year 2024. This represents an increase of 13.3% from the prior year.
Alexander & Baldwin Inc's EBITDA was $116.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.5% from the prior year.
Alexander & Baldwin Inc generated $77.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 69.7% from the prior year.
Alexander & Baldwin Inc reported $60.5M in net income in fiscal year 2024. This represents an increase of 103.1% from the prior year.
Alexander & Baldwin Inc earned $0.83 per diluted share (EPS) in fiscal year 2024. This represents an increase of 102.4% from the prior year.
Alexander & Baldwin Inc held $33.4M in cash against $474.8M in long-term debt as of fiscal year 2024.
Alexander & Baldwin Inc paid $0.89 per share in dividends in fiscal year 2024. This represents an increase of 1.1% from the prior year.
Alexander & Baldwin Inc had 73M shares outstanding in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Alexander & Baldwin Inc's operating margin was 33.7% in fiscal year 2024, reflecting core business profitability. This is up 2.8 percentage points from the prior year.
Alexander & Baldwin Inc's net profit margin was 25.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 11.3 percentage points from the prior year.
Alexander & Baldwin Inc's ROE was 6.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.
Alexander & Baldwin Inc spent $3.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 44.8% from the prior year.
Alexander & Baldwin Inc invested $21.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 3.4% from the prior year.
ALEX Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $50.2M-2.8% | $51.7M-3.8% | $53.7M-13.9% | $62.4M+22.3% | $51.0M-16.6% | $61.2M+15.8% | $52.8M+0.7% | $52.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.1M-13.3% | $7.0M+0.3% | $7.0M-11.5% | $7.9M+8.9% | $7.3M+0.2% | $7.2M-7.5% | $7.8M+3.5% | $7.6M |
| Operating Income | $19.2M-31.8% | $28.1M+17.3% | $24.0M+35.6% | $17.7M+9.0% | $16.2M-31.7% | $23.8M+38.0% | $17.2M+1.4% | $17.0M |
| Interest Expense | $6.0M+1.8% | $5.9M+0.9% | $5.8M-4.1% | $6.0M+2.0% | $5.9M+7.6% | $5.5M-7.5% | $6.0M-2.3% | $6.1M |
| Income Tax | $75K+225.0% | -$60K-53.8% | -$39K | $0-100.0% | $99K | $0-100.0% | $28K | $0 |
| Net Income | $14.3M-42.9% | $25.1M+17.2% | $21.4M+72.2% | $12.4M+36.6% | $9.1M-54.4% | $20.0M+669.9% | -$3.5M-123.9% | $14.6M |
| EPS (Diluted) | $0.20-42.9% | $0.35+20.7% | $0.29+81.2% | $0.16+23.1% | $0.13-53.6% | $0.28+800.0% | $-0.04-120.0% | $0.20 |
ALEX Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7B+0.9% | $1.6B-0.4% | $1.6B-1.3% | $1.7B+1.7% | $1.6B+0.3% | $1.6B-0.6% | $1.6B-7.8% | $1.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $17.3M+101.6% | $8.6M-49.1% | $16.9M-49.6% | $33.4M+13.3% | $29.5M+88.2% | $15.7M+16.0% | $13.5M+14.2% | $11.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | $4.5M | N/A |
| Goodwill | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M0.0% | $8.7M+0.3% | $8.7M |
| Total Liabilities | $645.7M+2.6% | $629.3M-2.2% | $643.5M-3.5% | $666.9M+4.1% | $640.3M+1.6% | $630.0M-2.1% | $643.2M-13.9% | $747.4M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | $474.8M | N/A | N/A | $464.0M | N/A |
| Total Equity | $1.0B-0.1% | $1.0B+0.8% | $1.0B+0.2% | $1.0B+0.2% | $1.0B-0.5% | $1.0B+0.3% | $1.0B-2.5% | $1.0B |
| Retained Earnings | -$802.7M-0.3% | -$800.6M+1.1% | -$809.2M+0.6% | -$814.2M-0.2% | -$812.9M-0.9% | -$805.7M+0.5% | -$809.3M-2.5% | -$789.6M |
ALEX Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $24.5M+48.3% | $16.5M-36.6% | $26.0M+6.9% | $24.3M+9.0% | $22.3M+38.9% | $16.1M-31.6% | $23.5M-31.7% | $34.4M |
| Capital Expenditures | $28.2M+497.9% | $4.7M+13.1% | $4.2M-54.1% | $9.1M+112.7% | $4.3M+13.9% | $3.7M-53.7% | $8.1M+25.9% | $6.4M |
| Free Cash Flow | -$3.7M-131.6% | $11.8M-46.0% | $21.8M+43.2% | $15.2M-15.5% | $18.0M+46.5% | $12.3M-20.0% | $15.4M-45.0% | $28.0M |
| Investing Cash Flow | -$24.8M-412.9% | -$4.8M-509.7% | -$793K-108.1% | $9.7M+320.3% | -$4.4M-139.0% | $11.3M-57.2% | $26.5M+484.1% | -$6.9M |
| Financing Cash Flow | $8.6M+144.9% | -$19.1M+53.7% | -$41.3M-123.0% | -$18.5M-358.0% | -$4.0M+84.0% | -$25.2M+51.2% | -$51.6M-133.6% | -$22.1M |
| Dividends Paid | $16.4M-0.2% | $16.4M-0.6% | $16.5M+2.3% | $16.2M-0.2% | $16.2M-1.6% | $16.4M+102693.8% | $16K-99.9% | $16.0M |
| Share Buybacks | $213K+56.6% | $136K-89.0% | $1.2M+651.5% | $165K | $0-100.0% | $2.3M+27.6% | $1.8M+54.3% | $1.2M |
ALEX Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 38.2%-16.3pp | 54.4%+9.8pp | 44.6%+16.3pp | 28.3%-3.5pp | 31.8%-7.1pp | 38.9%+6.3pp | 32.6%+0.3pp | 32.4% |
| Net Margin | 28.5%-20.1pp | 48.6%+8.7pp | 39.9%+19.9pp | 19.9%+2.1pp | 17.8%-14.8pp | 32.6%+39.3pp | -6.6%-34.5pp | 27.9% |
| Return on Equity | 1.4%-1.1pp | 2.5%+0.3pp | 2.1%+0.9pp | 1.2%+0.3pp | 0.9%-1.1pp | 2.0% | N/A | 1.4% |
| Return on Assets | 0.9%-0.7pp | 1.5%+0.2pp | 1.3%+0.6pp | 0.7%+0.2pp | 0.5%-0.7pp | 1.2%+1.4pp | -0.2%-1.0pp | 0.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.64+0.0 | 0.62-0.0 | 0.64+0.2 | 0.47-0.2 | 0.64+0.0 | 0.63+0.2 | 0.46-0.3 | 0.73 |
| FCF Margin | -7.4%-30.2pp | 22.8%-17.8pp | 40.6%+16.2pp | 24.4%-10.9pp | 35.3%+15.2pp | 20.1%-9.0pp | 29.1%-24.2pp | 53.3% |
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Frequently Asked Questions
What is Alexander & Baldwin Inc's annual revenue?
Alexander & Baldwin Inc (ALEX) reported $236.6M in total revenue for fiscal year 2024. This represents a 13.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alexander & Baldwin Inc's revenue growing?
Alexander & Baldwin Inc (ALEX) revenue grew by 13.3% year-over-year, from $208.8M to $236.6M in fiscal year 2024.
Is Alexander & Baldwin Inc profitable?
Yes, Alexander & Baldwin Inc (ALEX) reported a net income of $60.5M in fiscal year 2024, with a net profit margin of 25.6%.
What is Alexander & Baldwin Inc's earnings per share (EPS)?
Alexander & Baldwin Inc (ALEX) reported diluted earnings per share of $0.83 for fiscal year 2024. This represents a 102.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Alexander & Baldwin Inc's EBITDA?
Alexander & Baldwin Inc (ALEX) had EBITDA of $116.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Alexander & Baldwin Inc have?
As of fiscal year 2024, Alexander & Baldwin Inc (ALEX) had $33.4M in cash and equivalents against $474.8M in long-term debt.
What is Alexander & Baldwin Inc's operating margin?
Alexander & Baldwin Inc (ALEX) had an operating margin of 33.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Alexander & Baldwin Inc's net profit margin?
Alexander & Baldwin Inc (ALEX) had a net profit margin of 25.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Alexander & Baldwin Inc pay dividends?
Yes, Alexander & Baldwin Inc (ALEX) paid $0.89 per share in dividends during fiscal year 2024.
What is Alexander & Baldwin Inc's return on equity (ROE)?
Alexander & Baldwin Inc (ALEX) has a return on equity of 6.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Alexander & Baldwin Inc's free cash flow?
Alexander & Baldwin Inc (ALEX) generated $77.0M in free cash flow during fiscal year 2024. This represents a 69.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Alexander & Baldwin Inc's operating cash flow?
Alexander & Baldwin Inc (ALEX) generated $98.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Alexander & Baldwin Inc's total assets?
Alexander & Baldwin Inc (ALEX) had $1.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Alexander & Baldwin Inc's capital expenditures?
Alexander & Baldwin Inc (ALEX) invested $21.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Alexander & Baldwin Inc buy back shares?
Yes, Alexander & Baldwin Inc (ALEX) spent $3.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Alexander & Baldwin Inc have outstanding?
Alexander & Baldwin Inc (ALEX) had 73M shares outstanding as of fiscal year 2024.
What is Alexander & Baldwin Inc's debt-to-equity ratio?
Alexander & Baldwin Inc (ALEX) had a debt-to-equity ratio of 0.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alexander & Baldwin Inc's return on assets (ROA)?
Alexander & Baldwin Inc (ALEX) had a return on assets of 3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Alexander & Baldwin Inc's Piotroski F-Score?
Alexander & Baldwin Inc (ALEX) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alexander & Baldwin Inc's earnings high quality?
Alexander & Baldwin Inc (ALEX) has an earnings quality ratio of 1.62x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Alexander & Baldwin Inc cover its interest payments?
Alexander & Baldwin Inc (ALEX) has an interest coverage ratio of 3.4x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Alexander & Baldwin Inc?
Alexander & Baldwin Inc (ALEX) scores 77 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.