What is Alexander & Baldwin, Inc.'s earnings per share (EPS)?

Alexander & Baldwin, Inc. (ALEX) reported diluted earnings per share of $0.89 for fiscal year 2025. This represents a 7.2% 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.

Alexander & Baldwin, Inc. (ALEX) Financials

ALEX

FY2025 annual

Revenue $206.7M -12.7% YoY

Net Income $64.7M +6.8% YoY

EPS (Diluted) $0.89 +7.2% YoY

Free Cash Flow $27.3M -64.6% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Feb 27, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Feb 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ALEX SEC filings page.

Alexander & Baldwin, Inc. (ALEX) reported $206.7M in revenue for fiscal year 2025, down 12.7% from the prior fiscal year. This page shows its 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).

Rhea AI ALEX FY2025 2026-10-03

Revenue weakened, but lower operating costs protected profit while heavier reinvestment sharply reduced cash left after capital spending.

FY2025 revenue fell 12.7% while operating margin rose to 38.7%, so profitability was protected by cost or mix changes rather than expansion. SG&A fell to $28.1M from $29.8M, making cost discipline the more visible mechanism.

Accounting earnings translated into operating cash: FY2025 net income was $64.7M and operating cash flow was $79.5M. But $52.2M of capital spending left free cash flow at $27.3M; that gap says reinvestment, not weak cash collection, drove the year's cash compression.

The balance sheet is becoming somewhat more debt-funded: long-term debt reached $491.6M in FY2025 while debt-to-equity reached 0.5x. Dividends paid were $65.7M against free cash flow of $27.3M, so distributions exceeded post-investment cash generation and financing policy shaped cash movement.

Financial Health Signals

Financial Health Score 65/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Alexander & Baldwin, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Alexander & Baldwin, Inc. scores 66/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Alexander & Baldwin, Inc. scores 72/100 on it among other REITs.

Leverage

Alexander & Baldwin, Inc.'s net debt of $480.3M, being $491.6M of long-term debt less $11.3M of cash, came to 4.06 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and Alexander & Baldwin, Inc. scores 64/100 among other REITs.

Interest Cov.

Alexander & Baldwin, Inc.'s operating income of $80.0M covered its interest expense of $23.8M 3.36 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Alexander & Baldwin, Inc. scores 79/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Alexander & Baldwin, Inc. scores 57/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Alexander & Baldwin, Inc. scores 51/100 on it among other REITs.

Piotroski F-Score Partial

4/7

Alexander & Baldwin, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.23x

For every $1 of reported earnings, Alexander & Baldwin, Inc. generates $1.23 in operating cash flow ($79.5M OCF vs $64.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.36x

Alexander & Baldwin, Inc. earns $3.36 in operating income for every $1 of interest expense ($80.0M vs $23.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$51.0M

YoY-18.4%

QoQ+1.5%

Alexander & Baldwin, Inc. generated $51.0M in revenue in Q4 2025. This represents a decrease of 18.4% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.

EBITDA

$18.1M

YoY-32.8%

QoQ-37.0%

Alexander & Baldwin, Inc.'s EBITDA was $18.1M in Q4 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 32.8% from the same quarter a year earlier. Against the prior quarter it is down 37.0%.

Net Income

$3.8M

YoY-69.7%

QoQ-73.7%

Alexander & Baldwin, Inc. reported $3.8M in net income in Q4 2025. This represents a decrease of 69.7% from the same quarter a year earlier. Against the prior quarter it is down 73.7%.

EPS (Diluted)

$0.05

YoY-70.6%

QoQ-75.0%

5Y CAGR+20.1%

Alexander & Baldwin, Inc. earned $0.05 per diluted share (EPS) in Q4 2025. This represents a decrease of 70.6% from the same quarter a year earlier. Against the prior quarter it is down 75.0%.

Cash & Balance Sheet

Free Cash Flow

-$2.6M

YoY-117.1%

QoQ+29.9%

Alexander & Baldwin, Inc. recorded an outflow of $2.6M in free cash flow in Q4 2025, representing a cash shortfall after capex. This represents a decrease of 117.1% from the same quarter a year earlier. Against the prior quarter it is up 29.9%.

Cash & Debt

$11.3M

YoY-66.2%

QoQ-34.6%

5Y CAGR-27.1%

10Y CAGR+24.1%

Alexander & Baldwin, Inc. held $11.3M in cash against $491.6M in long-term debt as of Q4 2025.

Dividends Per Share

$0.35

YoY+55.9%

QoQ+55.6%

5Y CAGR+18.5%

Alexander & Baldwin, Inc. paid $0.35 per share in dividends in Q4 2025. This represents an increase of 55.9% from the same quarter a year earlier. Against the prior quarter it is up 55.6%.

Shares Outstanding

73M

YoY+0.2%

QoQ+0.2%

5Y CAGR+0.1%

10Y CAGR+4.1%

Alexander & Baldwin, Inc. had 73M shares outstanding in Q4 2025. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.

Margins & Returns

Operating Margin

17.1%

YoY-11.2pp

QoQ-21.1pp

Alexander & Baldwin, Inc.'s operating margin was 17.1% in Q4 2025, reflecting core business profitability. This is down 11.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 21.1 percentage points.

Net Margin

7.4%

YoY-12.5pp

QoQ-21.1pp

Alexander & Baldwin, Inc.'s net profit margin was 7.4% in Q4 2025, showing the share of revenue converted to profit. This is down 12.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 21.1 percentage points.

Return on Equity

0.4%

YoY-0.9pp

QoQ-1.0pp

Alexander & Baldwin, Inc.'s ROE was 0.4% in Q4 2025, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Gross Margin

Not reported for Q4 2025.

Capital Allocation

Share Buybacks

$4.2M

YoY+2419.4%

QoQ+1851.6%

Alexander & Baldwin, Inc. spent $4.2M on share buybacks in Q4 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2419.4% from the same quarter a year earlier. Against the prior quarter it is up 1851.6%.

Capital Expenditures

$15.2M

YoY+67.1%

QoQ-46.2%

5Y CAGR+39.2%

10Y CAGR+4.5%

Alexander & Baldwin, Inc. invested $15.2M in capex in Q4 2025, funding long-term assets and infrastructure. This represents an increase of 67.1% from the same quarter a year earlier. Against the prior quarter it is down 46.2%.

R&D Spending

Not reported for Q4 2025.

ALEX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALEX quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$206.7M-12.7%	$236.6M+13.3%	$208.8M-9.4%	$230.6M-9.2%	$254.0M+33.5%	$190.3M-56.3%	$435.2M-32.5%	$644.4M+51.4%	$425.5M+9.8%	$387.5M-18.0%	$472.8M+3.6%	$456.3M+24.9%	$365.2M+39.7%	$261.5M+11.2%	$235.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$168.8M+28.0%	$131.9M-3.6%	$136.8M-15.0%	$161.0M+19.3%	$135.0M
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$304.0M-6.3%	$324.4M+42.0%	$228.4M+127.3%	$100.5M+0.4%	$100.1M
SG&A Expenses	$28.1M-5.7%	$29.8M-12.4%	$34.0M-5.1%	$35.9M-2.0%	$36.6M+17.7%	$31.1M-47.2%	$58.9M-3.8%	$61.2M-7.8%	$66.4M+27.7%	$52.0M+0.8%	$51.6M-2.5%	$52.9M+28.4%	$41.2M+9.3%	$37.7M+15.3%	$32.7M
Operating Income	$80.0M+0.3%	$79.8M+23.4%	$64.6M-44.2%	$115.7M+35.5%	$85.4M+101.4%	$42.4M+396.5%	-$14.3M-108.3%	$172.8M+500.0%	$28.8M-46.6%	$53.9M-42.7%	$94.0M+22.6%	$76.7M+92.2%	$39.9M+66.3%	$24.0M+21.2%	$19.8M
EBITDA	$118.4M+2.0%	$116.1M+14.5%	$101.4M-34.0%	$153.7M+23.0%	$125.0M+47.2%	$84.9M+134.5%	$36.2M-83.2%	$215.6M+207.1%	$70.2M-59.5%	$173.4M+15.8%	$149.7M+13.7%	$131.7M+61.4%	$81.6M+38.1%	$59.1M+8.2%	$54.6M
Interest Expense	$23.8M+2.7%	$23.2M+0.7%	$23.0M+4.5%	$22.0M-16.0%	$26.2M-13.2%	$30.2M-8.8%	$33.1M-6.2%	$35.3M+37.9%	$25.6M-2.7%	$26.3M-1.9%	$26.8M-7.6%	$29.0M+51.8%	$19.1M+28.2%	$14.9M-12.9%	$17.1M
Income Tax	-$69K-139.7%	$174K+397.1%	$35K+100.2%	-$18.3M	$0+100.0%	-$400K+80.0%	-$2.0M-112.3%	$16.3M+107.5%	-$218.2M-8492.3%	$2.6M-93.0%	$37.0M+802.4%	$4.1M-63.1%	$11.1M+288.1%	-$5.9M-690.0%	$1.0M
Net Income	$64.7M+6.8%	$60.5M+103.1%	$29.8M+158.9%	-$50.7M-243.1%	$35.4M+532.1%	$5.6M+115.4%	-$36.4M+49.4%	-$72.0M-131.5%	$228.3M+2338.2%	-$10.2M-134.5%	$29.6M-51.8%	$61.4M+79.0%	$34.3M+82.4%	$18.8M-20.0%	$23.5M
EPS (Basic)	$0.89+7.2%	$0.83+102.4%	$0.41+158.6%	-$0.70-245.8%	$0.48+500.0%	$0.08+115.7%	-$0.51+50.0%	-$1.02-121.8%	$4.68+2700.0%	-$0.18-133.3%	$0.54-57.1%	$1.26+63.6%	$0.77+75.0%	$0.44-20.0%	$0.55
EPS (Diluted)	$0.89+7.2%	$0.83+102.4%	$0.41+158.6%	-$0.70-245.8%	$0.48+500.0%	$0.08+115.7%	-$0.51+50.0%	-$1.02-123.5%	$4.34+2511.1%	-$0.18-133.3%	$0.54-56.8%	$1.25+64.5%	$0.76+72.7%	$0.44-20.0%	$0.55
Diluted Shares (Avg)	73M+0.4%	73M0.0%	73M0.0%	73M+0.3%	73M+0.3%	72M+0.3%	72M+2.3%	71M+33.2%	53M+7.3%	49M+0.2%	49M0.0%	49M+9.3%	45M+5.1%	43M+1.2%	42M

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Revenue	$51.0M-18.4%	$50.2M-18.9%	$51.7M+1.3%	$53.7M-12.2%	$62.4M+18.2%	$61.9M+18.0%	$51.0M-3.9%	$61.2M+21.5%
SG&A Expenses	$8.0M+1.8%	$6.1M-18.2%	$7.0M-3.3%	$7.0M-3.4%	$7.9M+0.9%	$7.4M-1.7%	$7.3M-26.8%	$7.2M-17.1%
Operating Income	$8.7M-50.7%	$19.2M-13.1%	$28.1M+73.3%	$24.0M+0.8%	$17.7M+2.6%	$22.1M+29.9%	$16.2M+0.4%	$23.8M+67.0%
EBITDA	$18.1M-32.8%	$28.8M-7.2%	$38.2M+51.7%	$33.2M+1.1%	$27.0M+2.2%	$31.1M+18.4%	$25.2M-0.6%	$32.8M+40.1%
Interest Expense	$6.2M+2.2%	$6.0M+4.9%	$5.9M-1.2%	$5.8M+5.3%	$6.0M+1.5%	$5.7M-6.9%	$5.9M+0.5%	$5.5M+9.3%
Income Tax	-$45K	$75K0.0%	-$60K-160.6%	-$39K	$0-100.0%	$75K	$99K+4850.0%	$0-100.0%
Net Income	$3.8M-69.7%	$14.3M-24.6%	$25.1M+175.9%	$21.4M+7.3%	$12.4M+454.9%	$19.0M+29.7%	$9.1M-31.7%	$20.0M+274.5%
EPS (Basic)	$0.05-70.6%	$0.20-23.1%	$0.35+169.2%	$0.29+3.6%	$0.17+440.0%	$0.26+30.0%	$0.13-27.8%	$0.28+300.0%
EPS (Diluted)	$0.05-70.6%	$0.20-23.1%	$0.35+169.2%	$0.29+3.6%	$0.17+440.0%	$0.26+30.0%	$0.13-27.8%	$0.28+300.0%
Diluted Shares (Avg)	N/A	73M+0.2%	73M+0.2%	73M+0.2%	N/A	73M0.0%	73M-0.2%	73M+0.1%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

ALEX Balance Sheet

ALEX quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.7B-0.7%	$1.7B+1.5%	$1.6B-7.9%	$1.8B-4.9%	$1.9B-7.7%	$2.0B-2.3%	$2.1B-6.3%	$2.2B-0.3%	$2.2B+3.5%	$2.2B-3.8%	$2.2B-3.4%	$2.3B+2.0%	$2.3B+58.3%	$1.4B+3.7%	$1.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$180.7M-34.2%	$274.8M+98.7%	$138.3M-9.3%	$152.5M-9.0%	$167.6M-1.3%	$169.8M+167.8%	$63.4M-7.8%	$68.8M
Cash & Equivalents	$11.3M-66.2%	$33.4M+147.4%	$13.5M-59.4%	$33.3M-49.2%	$65.4M+19.2%	$54.9M+261.2%	$15.2M+33.3%	$11.4M-83.5%	$68.9M+3031.8%	$2.2M+69.2%	$1.3M-53.6%	$2.8M-15.2%	$3.3M+200.0%	$1.1M-90.6%	$11.7M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	$20.3M+10.3%	$18.4M-11.1%	$20.7M-21.9%	$26.5M-16.9%	$31.9M-26.3%	$43.3M-22.5%	$55.9M-31.7%	$81.9M+20.3%	$68.1M+189.8%	$23.5M-35.3%	$36.3M
Accounts Receivable	N/A	N/A	$4.5M-26.2%	$6.1M+177.3%	$2.2M-94.9%	$43.5M-15.7%	$51.6M+4.0%	$49.6M+45.5%	$34.1M+6.2%	$32.1M-16.8%	$38.6M+16.6%	$33.1M-9.3%	$36.5M+345.1%	$8.2M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.7M0.0%	$8.7M0.0%	$8.7M+0.3%	$8.7M0.0%	$8.7M-17.1%	$10.5M-31.8%	$15.4M-76.3%	$65.1M-36.4%	$102.3M0.0%	$102.3M0.0%	$102.3M0.0%	$102.3M+2.7%	$99.6M	$0	$0
Total Liabilities	$672.3M+0.8%	$666.9M+3.7%	$643.2M-13.5%	$743.6M-7.8%	$806.3M-13.6%	$933.4M-1.7%	$949.3M-5.9%	$1.0B-35.8%	$1.6B+68.6%	$932.3M-8.5%	$1.0B-8.8%	$1.1B+0.1%	$1.1B+113.4%	$522.9M-20.9%	$660.8M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$129.4M-86.0%	$926.8M+461.4%	$165.1M-10.6%	$184.7M+0.9%	$183.0M-16.1%	$218.2M+213.5%	$69.6M-22.7%	$90.0M
Non-Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$879.6M+36.3%	$645.3M-15.9%	$767.2M-6.3%	$818.9M-11.4%	$923.8M+3.0%	$896.7M+97.8%	$453.3M-20.6%	$570.8M
Long-Term Debt	$491.6M+3.5%	$474.8M+2.3%	$464.0M-1.7%	$472.2M-11.0%	$530.8M-22.7%	$687.1M-2.5%	$704.6M-4.7%	$739.1M+26.3%	$585.2M+23.8%	$472.7M-4.8%	$496.6M-21.4%	$631.5M+4.3%	$605.5M+175.2%	$220.0M-32.8%	$327.2M
Total Equity	$987.2M-1.6%	$1.0B+0.1%	$1.0B-3.2%	$1.0B-2.9%	$1.1B-2.7%	$1.1B-2.6%	$1.1B-6.4%	$1.2B+86.0%	$646.4M-46.5%	$1.2B-1.2%	$1.2B+1.6%	$1.2B+3.8%	$1.2B+26.8%	$914.4M+26.0%	$725.8M
Retained Earnings	-$825.4M-1.4%	-$814.2M-0.6%	-$809.3M-4.5%	-$774.5M-16.8%	-$663.2M-2.1%	-$649.4M-3.7%	-$626.2M-16.2%	-$538.9M-13.9%	-$473.0M-596.8%	$95.2M-18.8%	$117.2M+16.0%	$101.0M+104.5%	$49.4M+126.6%	$21.8M	$0

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Total Assets	$1.7B-0.7%	$1.7B+0.4%	$1.6B0.0%	$1.6B+0.8%	$1.7B+1.5%	$1.7B-7.6%	$1.6B-8.0%	$1.6B-6.8%
Cash & Equivalents	$11.3M-66.2%	$17.3M-3.5%	$8.6M-70.9%	$16.9M+7.5%	$33.4M+147.4%	$17.9M+51.3%	$29.5M+261.7%	$15.7M+46.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.7M0.0%	$8.7M0.0%	$8.7M0.0%	$8.7M0.0%	$8.7M0.0%	$8.7M+0.3%	$8.7M+0.3%	$8.7M+0.3%
Total Liabilities	$672.3M+0.8%	$645.7M-0.9%	$629.3M-1.7%	$643.5M+2.1%	$666.9M+3.7%	$651.8M-12.8%	$640.3M-14.8%	$630.0M-13.5%
Long-Term Debt	$491.6M+3.5%	N/A	N/A	N/A	$474.8M+2.3%	N/A	N/A	N/A
Total Equity	$987.2M-1.6%	$1.0B+1.3%	$1.0B+1.1%	$1.0B-0.1%	$1.0B+0.1%	$998.2M-3.0%	$1.0B-2.2%	$1.0B-1.3%
Retained Earnings	-$825.4M-1.4%	-$802.7M+0.9%	-$800.6M+1.5%	-$809.2M-0.4%	-$814.2M-0.6%	-$810.2M-2.6%	-$812.9M-3.1%	-$805.7M-2.6%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.

ALEX Cash Flow Statement

ALEX quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$79.5M-18.9%	$98.0M+46.1%	$67.1M+97.6%	$34.0M-72.7%	$124.2M+96.8%	$63.1M-60.0%	$157.6M-49.1%	$309.9M+23938.5%	-$1.3M-101.2%	$111.2M-13.9%	$129.1M+219.6%	$40.4M+205.5%	-$38.3M-451.4%	$10.9M+4.8%	$10.4M
Depreciation & Amortization	$38.3M+5.6%	$36.3M-1.3%	$36.8M-3.2%	$38.0M-4.0%	$39.6M-6.8%	$42.5M-15.8%	$50.5M+18.0%	$42.8M+3.4%	$41.4M-65.4%	$119.5M+114.5%	$55.7M+1.3%	$55.0M+31.9%	$41.7M+18.8%	$35.1M+0.9%	$34.8M
Stock-Based Compensation	$5.9M+23.3%	$4.8M-21.1%	$6.1M+23.8%	$4.9M-16.7%	$5.9M+1.7%	$5.8M+7.4%	$5.4M+14.9%	$4.7M+6.8%	$4.4M+7.3%	$4.1M-12.8%	$4.7M-4.1%	$4.9M+16.7%	$4.2M-22.2%	$5.4M+12.5%	$4.8M
Capital Expenditures	$52.2M+149.3%	$21.0M-3.4%	$21.7M0.0%	$21.7M-28.4%	$30.3M+47.1%	$20.6M-43.9%	$36.7M-32.5%	$54.4M+67.9%	$32.4M-3.9%	$33.7M-24.6%	$44.7M-25.7%	$60.2M+85.2%	$32.5M-28.4%	$45.4M+124.8%	$20.2M
Free Cash Flow	$27.3M-64.6%	$77.0M+69.7%	$45.4M+270.0%	$12.3M-86.9%	$93.9M+120.9%	$42.5M-64.8%	$120.9M-52.7%	$255.5M+858.2%	-$33.7M-143.5%	$77.5M-8.2%	$84.4M+526.3%	-$19.8M+72.0%	-$70.8M-105.2%	-$34.5M-252.0%	-$9.8M
Investing Cash Flow	-$45.5M-182.4%	-$16.1M-326.9%	$7.1M-84.1%	$44.6M-53.8%	$96.5M+704.2%	$12.0M+105.0%	-$240.4M-129.6%	-$104.7M-2584.6%	-$3.9M+88.3%	-$33.2M-280.4%	$18.4M+165.7%	-$28.0M+86.8%	-$211.7M-322.6%	-$50.1M-92.0%	-$26.1M
Financing Cash Flow	-$56.1M+9.4%	-$62.0M+34.7%	-$94.9M+17.6%	-$115.2M+44.4%	-$207.1M-525.7%	-$33.1M+75.8%	-$136.7M-86.0%	-$73.5M-176.5%	$96.1M+213.5%	-$84.7M+35.6%	-$131.6M-920.2%	-$12.9M-105.1%	$252.2M+781.8%	$28.6M+30.6%	$21.9M
Dividends Paid	$65.7M+1.1%	$65.0M+1.1%	$64.3M+11.3%	$57.7M+23.9%	$46.6M+237.7%	$13.8M-72.4%	$50.0M-68.1%	$156.6M+1420.4%	$10.3M-16.3%	$12.3M+19.4%	$10.3M+24.1%	$8.3M+315.0%	$2.0M	$0	$0
Share Buybacks	$5.7M+92.6%	$3.0M-44.8%	$5.4M-25.6%	$7.3M+458.8%	$1.3M+116.7%	$600K-40.0%	$1.0M-33.3%	$1.5M-79.2%	$7.2M	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Operating Cash Flow	$12.6M-48.4%	$24.5M-30.7%	$16.5M-26.0%	$26.0M+61.9%	$24.3M+3.6%	$35.3M+2.7%	$22.3M+501.5%	$16.1M+191.4%
Depreciation & Amortization	$9.4M+1.0%	$9.6M+7.2%	$10.1M+12.5%	$9.2M+1.9%	$9.3M+1.2%	$9.0M-2.6%	$8.9M-2.3%	$9.0M-1.6%
Stock-Based Compensation	N/A	N/A	N/A	$1.4M+21.7%	N/A	N/A	N/A	$1.1M-28.6%
Capital Expenditures	$15.2M+67.1%	$28.2M+628.9%	$4.7M+10.5%	$4.2M+11.3%	$9.1M+12.1%	$3.9M-39.8%	$4.3M+2.7%	$3.7M+24.1%
Free Cash Flow	-$2.6M-117.1%	-$3.7M-111.8%	$11.8M-34.7%	$21.8M+77.2%	$15.2M-0.9%	$31.4M+12.4%	$18.0M+4162.8%	$12.3M+394.0%
Investing Cash Flow	-$15.1M-254.9%	-$24.8M+24.3%	-$4.8M-9.4%	-$793K-107.0%	$9.7M-63.2%	-$32.8M-375.6%	-$4.4M+66.5%	$11.3M+1492.8%
Financing Cash Flow	-$4.3M+76.9%	$8.6M+160.7%	-$19.1M-372.4%	-$41.3M-63.9%	-$18.5M+64.1%	-$14.2M+35.9%	-$4.0M-160.3%	-$25.2M+9.4%
Dividends Paid	$16.4M+1.4%	$16.4M+1.2%	$16.4M+1.4%	$16.5M+0.5%	$16.2M+100887.5%	$16.2M+1.1%	$16.2M-0.1%	$16.4M-48.7%
Share Buybacks	$4.2M+2419.4%	$213K-56.2%	$136K	$1.2M-46.8%	$165K-91.0%	$486K-59.0%	$0	$2.3M-2.5%

ALEX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALEX quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	64.3%-6.8pp	71.1%+8.6pp	62.5%+24.1pp	38.4%-4.2pp	42.6%
Operating Margin	38.7%+5.0pp	33.7%+2.8pp	30.9%-19.2pp	50.2%+16.6pp	33.6%+11.3pp	22.3%+25.6pp	-3.3%-30.1pp	26.8%+20.1pp	6.8%-7.1pp	13.9%-6.0pp	19.9%+3.1pp	16.8%+5.9pp	10.9%+1.7pp	9.2%+0.8pp	8.4%
Net Margin	31.3%+5.7pp	25.6%+11.3pp	14.3%+36.2pp	-22.0%-35.9pp	13.9%+11.0pp	2.9%+11.3pp	-8.4%+2.8pp	-11.2%-64.8pp	53.6%+56.3pp	-2.6%-8.9pp	6.3%-7.2pp	13.5%+4.1pp	9.4%+2.2pp	7.2%-2.8pp	10.0%
Return on Equity	6.6%+0.5pp	6.0%+3.1pp	3.0%+7.9pp	-4.9%-8.2pp	3.3%+2.8pp	0.5%+3.8pp	-3.2%+2.8pp	-6.0%-41.3pp	35.3%+36.2pp	-0.8%-3.3pp	2.4%-2.7pp	5.1%+2.1pp	3.0%+0.9pp	2.1%-1.2pp	3.2%
Return on Assets	3.9%+0.3pp	3.6%+1.8pp	1.8%+4.6pp	-2.8%-4.7pp	1.9%+1.6pp	0.3%+2.0pp	-1.8%+1.5pp	-3.2%-13.5pp	10.2%+10.7pp	-0.5%-1.8pp	1.3%-1.3pp	2.6%+1.1pp	1.5%+0.2pp	1.3%-0.4pp	1.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.40+1.1x	0.30-0.5x	0.840.0x	0.83-0.1x	0.92+0.1x	0.78-0.1x	0.91+0.1x	0.76
Debt-to-Equity	0.500.0x	0.470.0x	0.460.0x	0.460.0x	0.50-0.1x	0.630.0x	0.630.0x	0.61-0.3x	0.91+0.5x	0.390.0x	0.41-0.1x	0.520.0x	0.52+0.3x	0.24-0.2x	0.45
Asset Turnover	0.120.0x	0.140.0x	0.130.0x	0.130.0x	0.140.0x	0.09-0.1x	0.21-0.1x	0.29+0.1x	0.190.0x	0.180.0x	0.210.0x	0.200.0x	0.160.0x	0.180.0x	0.17
FCF Margin	13.2%-19.4pp	32.6%+10.8pp	21.7%+16.4pp	5.3%-31.6pp	37.0%+14.6pp	22.3%-5.4pp	27.8%-11.9pp	39.6%+47.6pp	-7.9%-27.9pp	20.0%+2.2pp	17.8%+22.2pp	-4.3%+15.0pp	-19.4%-6.2pp	-13.2%-9.0pp	-4.2%

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Operating Margin	17.1%-11.2pp	38.2%+2.5pp	54.4%+22.6pp	44.6%+5.8pp	28.3%-4.3pp	35.6%+3.3pp	31.8%+1.4pp	38.9%+10.6pp
Net Margin	7.4%-12.5pp	28.5%-2.2pp	48.6%+30.8pp	39.9%+7.2pp	19.9%+26.6pp	30.7%+2.8pp	17.8%-7.3pp	32.6%+22.1pp
Return on Equity	0.4%-0.9pp	1.4%-0.5pp	2.5%+1.6pp	2.1%+0.1pp	1.2%+1.6pp	1.9%+0.5pp	0.9%-0.4pp	2.0%+1.5pp
Return on Assets	0.2%-0.5pp	0.9%-0.3pp	1.5%+1.0pp	1.3%+0.1pp	0.7%+0.9pp	1.1%+0.3pp	0.5%-0.2pp	1.2%+0.9pp
Debt-to-Equity	0.500.0x	0.640.0x	0.620.0x	0.640.0x	0.470.0x	0.65-0.1x	0.64-0.1x	0.63-0.1x
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.040.0x	0.040.0x	0.030.0x	0.040.0x
FCF Margin	-5.1%-29.5pp	-7.4%-58.2pp	22.8%-12.6pp	40.6%+20.5pp	24.4%-4.7pp	50.8%-2.5pp	35.3%+36.2pp	20.1%+15.2pp

Not reported in any period shown, so not listed: Gross Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Alexander & Baldwin, Inc. ALEX	FY2025	$206.7M	$64.7M	31.3%	$1.5B	65/100
Alexander's Inc. ALX	FY2025	$213.2M	$28.2M	13.2%	$1.2B	26/100
Getty Realty Corp. GTY	FY2025	$221.7M	$79.2M	35.7%	$1.7B	68/100
Saul Centers, Inc. BFS	FY2025	$289.8M	$37.5M	12.9%	$741.5M	63/100
CBL & Associates Properties, Inc. CBL	FY2025	$578.4M	$136.0M	23.5%	$1.5B	54/100
NetSTREIT Corp. NTST	FY2025	$195.0M	$6.9M	3.6%	$1.8B	51/100

Where Alexander & Baldwin, Inc. Ranks

Frequently Asked Questions

What is Alexander & Baldwin, Inc.'s annual revenue?

Alexander & Baldwin, Inc. (ALEX) reported $206.7M in total revenue for fiscal year 2025. This represents a -12.7% 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 declined by 12.7% year-over-year, from $236.6M to $206.7M in fiscal year 2025.

Is Alexander & Baldwin, Inc. profitable?

Yes, Alexander & Baldwin, Inc. (ALEX) reported a net income of $64.7M in fiscal year 2025, with a net profit margin of 31.3%.

What is Alexander & Baldwin, Inc.'s EBITDA?

Alexander & Baldwin, Inc. (ALEX) had EBITDA of $118.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Alexander & Baldwin, Inc. have?

As of fiscal year 2025, Alexander & Baldwin, Inc. (ALEX) had $11.3M in cash and equivalents against $491.6M in long-term debt.

What is Alexander & Baldwin, Inc.'s operating margin?

Alexander & Baldwin, Inc. (ALEX) had an operating margin of 38.7% in fiscal year 2025, 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 31.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Alexander & Baldwin, Inc. pay dividends?

Yes, Alexander & Baldwin, Inc. (ALEX) paid $1.02 per share in dividends during fiscal year 2025.

What is Alexander & Baldwin, Inc.'s return on equity (ROE)?

Alexander & Baldwin, Inc. (ALEX) has a return on equity of 6.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Alexander & Baldwin, Inc.'s free cash flow?

Alexander & Baldwin, Inc. (ALEX) generated $27.3M in free cash flow during fiscal year 2025. This represents a -64.6% 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 $79.5M in operating cash flow during fiscal year 2025, 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 2025, including both current and long-term assets.

What are Alexander & Baldwin, Inc.'s capital expenditures?

Alexander & Baldwin, Inc. (ALEX) invested $52.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Alexander & Baldwin, Inc. buy back shares?

Yes, Alexander & Baldwin, Inc. (ALEX) spent $5.7M on share buybacks during fiscal year 2025, 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 2025.

What is Alexander & Baldwin, Inc.'s debt-to-equity ratio?

Alexander & Baldwin, Inc. (ALEX) had a debt-to-equity ratio of 0.50 as of fiscal year 2025, 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 3.9% for fiscal year 2025, 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 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.23x, 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 3.36x, 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 65 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.