ALEX · Alexander & Baldwin, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $50.25M | $51.70M | $53.74M | - | $61.94M | $51.05M | $61.20M | - | $52.50M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $6.08M | $7.01M | $6.99M | - | $7.44M | $7.25M | $7.24M | - | $7.60M |
| Total Operating Expenses | - | $33.63M | $35.13M | $34.05M | - | $39.88M | $36.94M | $37.44M | - | $35.50M |
| D&A | - | - | - | $9.21M | - | - | - | $9.03M | - | - |
| Operating Income | - | $19.18M | $28.14M | $23.98M | - | $22.06M | $16.23M | $23.78M | - | $17.00M |
| Interest Expense | - | $5.96M | $5.86M | $5.51M | - | $5.68M | $5.86M | $5.51M | - | $6.10M |
| Income Tax | - | $75.0K | ($60.0K) | ($39.0K) | - | $75.0K | $99.0K | $0 | - | $0 |
| Net Income | - | $14.34M | $25.13M | $21.43M | - | $19.00M | $9.11M | $19.98M | - | $14.60M |
| EPS - Basic | - | $0.20 | $0.35 | $0.29 | - | $0.26 | $0.13 | $0.28 | - | $0.20 |
| EPS - Diluted | - | $0.20 | $0.35 | $0.29 | - | $0.26 | $0.13 | $0.28 | - | $0.20 |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11.30M | $17.29M | $8.58M | $16.86M | $33.44M | $17.92M | $29.52M | $15.68M | $13.50M | $11.80M |
| Accounts Receivable | $6.32M | $5.24M | $5.82M | $6.67M | $5.40M | $5.05M | $6.17M | $6.22M | - | $6.70M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $1.66B | $1.66B | $1.64B | $1.65B | $1.67B | $1.65B | $1.64B | $1.64B | $1.65B | $1.79B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $491.58M | - | - | - | $474.84M | - | - | - | $464.00M | - |
| Total Liabilities | $672.34M | $645.66M | $629.34M | $643.47M | $666.89M | $651.82M | $640.34M | $629.96M | $643.20M | $747.40M |
| Stockholders' Equity | $987.20M | $1.01B | $1.01B | $1.01B | $1.00B | $998.18M | $1.00B | $1.01B | $1.00B | $1.03B |
| Retained Earnings | ($825.43M) | ($802.72M) | ($800.57M) | ($809.19M) | ($814.17M) | ($810.20M) | ($812.91M) | ($805.66M) | ($809.30M) | ($789.60M) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $26.00M | - | - | - | $16.06M | - | - |
| Investing Cash Flow | - | - | - | ($793.0K) | - | - | - | $11.32M | - | - |
| Financing Cash Flow | - | - | - | ($41.32M) | - | - | - | ($25.22M) | - | - |
| CapEx | - | - | - | $4.17M | - | - | - | $3.75M | - | - |
| Free Cash Flow | - | - | - | $21.83M | - | - | - | $12.31M | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | 38.2% | 54.4% | 44.6% | - | 35.6% | 31.8% | 38.9% | - | 32.4% |
| EBITDA margin | - | - | - | 61.8% | - | - | - | 53.6% | - | - |
| Net margin | - | 28.5% | 48.6% | 39.9% | - | 30.7% | 17.8% | 32.6% | - | 27.8% |
| Free cash flow margin | - | - | - | 40.6% | - | - | - | 20.1% | - | - |
| FCF / Net income | - | - | - | 1.02 | - | - | - | 0.62 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 12.1% | 13.6% | 13.0% | - | 12.0% | 14.2% | 11.8% | - | 14.5% |
| Effective tax rate | - | 0.5% | -0.2% | -0.2% | - | 0.4% | 1.1% | 0.0% | - | 0.0% |
| Return on assets | - | 0.9% | 1.5% | 1.3% | - | 1.2% | 0.6% | 1.2% | - | 0.8% |
| Return on equity | - | 1.4% | 2.5% | 2.1% | - | 1.9% | 0.9% | 2.0% | - | 1.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.50 | - | - | - | 0.47 | - | - | - | 0.46 | - |
| Debt / Assets | 0.30 | - | - | - | 0.28 | - | - | - | 0.28 | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | 3.2x | 4.8x | 4.4x | - | 3.9x | 2.8x | 4.3x | - | 2.8x |
| Equity multiplier | 1.68 | 1.64 | 1.62 | 1.64 | 1.66 | 1.65 | 1.64 | 1.63 | 1.64 | 1.74 |
| Liabilities / Assets | 0.41 | 0.39 | 0.38 | 0.39 | 0.40 | 0.40 | 0.39 | 0.38 | 0.39 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.03 | 0.03 | 0.03 | - | 0.04 | 0.03 | 0.04 | - | 0.03 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 38d | 41d | 45d | - | 30d | 44d | 37d | - | 47d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -18.9% | 1.3% | -12.2% | - | 18.0% | -3.9% | 21.4% | - | -46.0% |
| Revenue CAGR (3y) | - | -19.7% | -16.3% | -18.2% | - | -9.8% | -17.0% | -8.9% | - | -12.3% |
| Revenue CAGR (5y) | - | -8.4% | -6.9% | -7.8% | - | -7.0% | -14.1% | -13.9% | - | -15.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -13.1% | 73.3% | 0.8% | - | 29.8% | 0.2% | 67.5% | - | 41.7% |
| Net income growth (YoY) | - | -24.6% | 175.9% | 7.3% | - | 30.2% | -32.0% | 277.0% | - | 128.1% |
| EPS growth (YoY) | - | -23.1% | 169.2% | 3.6% | - | 30.0% | -27.8% | 300.0% | - | 122.2% |
| EPS CAGR (3y) | - | 30.5% | 91.3% | 27.5% | - | 42.4% | -10.3% | 26.0% | - | 71.0% |
| EPS CAGR (5y) | - | 38.0% | - | 26.4% | - | - | - | 18.5% | - | 0.0% |
| FCF growth (YoY) | - | - | - | 77.2% | - | - | - | 392.6% | - | - |
| FCF CAGR (5y) | - | - | - | 11.4% | - | - | - | 9.0% | - | - |
| Book value growth (YoY) | -1.6% | 1.3% | 1.1% | -0.1% | 0.1% | -3.0% | -2.2% | -1.3% | -3.2% | -8.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$413.35M totalReportable Segment$206.67M · 50.0%
Commercial Real Estate Segment$202.86M · 49.1%
Land Operations$3.81M · 0.9%
Product / service
$3.81M totalUnimproved Other Property Sales$3.36M · 88.2%
Other Operations$450.0K · 11.8%
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Alexander & Baldwin against the 5 most active filers in the same SIC group.