greeksoup/ stock research
Stock research / United States / FRPH · Real Estate · Nasdaq

FRP Holdings, Inc. (FRPH)

Compare with another name

FRP Holdings, Inc. (FRPH) reported revenue of $11 million for Q2 FY2026, the quarter ended 30 June 2026, up 2.1% on the same quarter a year earlier. Net income was -$259,000, and diluted earnings per share $-0.01. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$11 millionup 2.1%
Net income-$259,000
Diluted EPS$-0.01
QuarterQ2 FY2026ended 30 June 2026

FRP Holdings (FRPH) in brief

FRP Holdings (FRPH) reported revenue of $43 million for fiscal 2025, the year ended 31 December 2025, up 2.6% on the year before.
Read moreNet income was $3 million and diluted earnings per share $0.18. Revenue was $42 million in fiscal 2024, $42 million in fiscal 2023, $37 million in fiscal 2022 and $31 million in fiscal 2021. Net income in the same years was $6 million, $5 million, $5 million and $28 million. Over the twelve months to 30 June 2026, FRP Holdings reported revenue of $43 million and net income of $0 million. Revenue grew 12.7% a year, compounded, over the five years to fiscal 2025. FRP Holdings had 19 million shares outstanding at the latest filed count. At the close of 30 October 2026 the market cap of FRP Holdings was $360 million, 1,876.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE0.0%
ROCE0.8%
Operating margin11.6%
Net margin0.2%
FCF margin-95.1%
Interest cover1.76
Debt to equity0.50
Cash conversion284.36
Share count, last 12 months0.5%
Sales CAGR, 3 years4.6%
Profit CAGR, 3 years-10.0%
EPS, TTM$0.01

At the close of 30 October 2026

Price$18.77
Market cap$360 million
Stock P/E1,876.50
Price to book0.84
EV / EBITDA28.03
Dividend yieldn/a
Market cap / sales8.31
52-week high$25.56
52-week low$18.59
Price, 1 year-20.5%
Price CAGR, 3 years-11.3%
Price CAGR, 5 years-8.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as FRP Holdings, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
FRPHgreeksoup.ai
Daily prices to 30 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on FRPH

Dividendsno dividend in its filings for fiscal 2009 onward
Filings14 in twelve months: 6 current reports (8-K), about 4 results of operations; 1 change of auditor; 1 shareholder vote
Planned insider sales2 Form 144 notices in twelve months, $403,220; latest 11 December 2025
Options tapeno listed options
13F holders110 funds reported a position for the quarter to 30 June 2026; largest HighTower Advisors, LLC
Insider trading3 sales and 10 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest636,263 shares short, 6.23 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8.58.48.79.69.39.910.110.710.610.110.110.510.610.510.310.810.810.910.611.1
Operating income0.70.31.42.11.82.72.92.82.93.22.92.83.12.92.31.71.41.70.51.5
Operating margin9%3%16%21%20%28%28%26%27%31%28%27%29%28%23%15%13%15%5%13%
Interest expense0.40.50.70.70.70.81.01.11.11.10.90.80.70.70.70.80.70.70.70.7
Net income0.4-0.60.70.70.52.80.60.61.32.91.32.01.41.71.70.60.70.4-0.7-0.3
Net margin4%-7%8%7%5%28%6%6%12%29%13%20%13%16%17%5%6%3%-6%-2%
Diluted EPS$0.02-$0.04$0.04$0.04$0.03$0.14$0.03$0.03$0.07$0.15$0.07$0.11$0.07$0.09$0.09$0.03$0.03$0.03-$0.04-$0.01
Operating cash flow5.45.81.37.54.49.24.78.27.912.22.912.26.37.64.58.78.18.49.71.1
Capital expenditure4.75.03.613.88.71.51.21.02.46.66.26.334.64.13.16.125.017.013.413.1
Free cash flow0.70.9-2.3-6.3-4.47.73.57.25.45.7-3.35.9-28.23.51.42.6-16.9-8.6-3.8-12.0
Buybacks0.00.00.00.00.00.0n/an/a1.0n/an/an/a0.0n/an/an/an/an/an/an/a
Shares outstanding19m19m19m19m19m19m19m19m19m19m19m19m19m19m19m19m19m19m19m19m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 9 fiscal years and the trailing twelve months

FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023FY2024 †FY2025TTM
Revenue15.622.023.823.631.237.541.541.842.843.4
Cost of revenue3.4n/an/an/an/an/an/an/an/an/a
Operating income1.02.05.85.12.38.011.711.77.05.0
Operating margin6.7%8.9%24.2%21.8%7.3%21.3%28.2%28.0%16.4%11.6%
Interest expense2.73.11.11.12.33.04.33.13.02.9
Pre-tax income60.612315.7n/an/an/an/an/an/an/a
Income tax7.30.53.03.210.31.01.52.00.8-0.2
Effective tax rate12.1%0.4%18.9%n/an/an/an/an/an/an/a
Net income41.812416.212.728.24.65.36.43.30.1
Net margin267.6%565.2%68.1%53.9%90.4%12.2%12.8%15.3%7.8%0.2%
Diluted EPS$2.08$6.16$0.81$0.66$1.50$0.24$0.28$0.34$0.18$0.01
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
Multifamily21.822.121.951.0%
Mining royalty lands12.512.914.433.6%
Industrial and Commercial5.45.65.212.0%
Development1.81.21.53.4%
MultifamilyMining royalty landsIndustrial and CommercialDevelopment
41.5FY202341.8FY202442.8FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023FY2024 †FY2025TTM
Operating cash flow21.1-37.247.018.622.222.333.029.029.727.3
Capital expenditure3.37.310.417.516.527.611.251.251.168.5
Free cash flow17.8-44.536.61.15.7-5.321.8-22.2-21.5-41.2
Free cash flow margin113.9%-202.0%154.0%4.5%18.3%-14.1%52.4%-53.2%-50.1%-95.1%
Cash from investing-15.290.9-33.850.566.6-23.2-48.7-50.2-73.7-112
Cash from financing-1.4-35.7-9.1-21.8-1.216.8-4.212.7-0.630.8
Depreciation and amortisation6.08.26.26.012.911.511.010.411.411.9
Share-based compensation0.30.60.10.11.11.61.72.02.12.1
Buybacks0.15.78.221.30.30.02.00.00.5n/a
Diluted shares, weighted20m20m20m19m19m19m19m19m19m19m
Shares outstanding at period endn/an/an/a19m19m19m19m19m19m19m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022 †FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity244365375368396407415423429429
Non-controlling interest21.118.616.815.028.837.133.546.027.125.9
Debt11888.888.990.0178179179179193215
Other liabilities35.833.457.663.774.578.382.580.586.992.9
Total liabilities and equity419505538536678701709728735762
Owned
Fixed assets210207202203351367367407449475
Goodwilln/an/an/an/an/an/an/a0.06.96.9
Securities held for sale or to maturity0.016513875.64.30.00.0n/an/an/a
Trading assetsn/a0.00.00.00.00.00.00.00.0n/a
Cash and equivalents4.522.526.673.9162177158149105101
Receivables0.60.60.50.9n/an/an/an/an/an/a
Other assets204111171183162156184172174180
Total assets419505538536678701709728735762
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a12.7%4.6%2.5%
Profit growth, compoundedn/a-23.5%-10.0%-98.2%
Return on equity, average7.9%2.4%1.2%0.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was FRP Holdings' revenue in fiscal 2025?

FRP Holdings (FRPH) reported revenue of $43 million for fiscal 2025, the year ended 31 December 2025, up 2.6% on the year before.

How much did FRP Holdings earn in fiscal 2025?

Net income was $3 million for fiscal 2025, and diluted earnings per share $0.18.

What is FRP Holdings' P/E ratio?

At the close of 30 October 2026, FRP Holdings traded at 1,876.5 times its earnings over the twelve months to 30 June 2026.

What is FRP Holdings' market cap?

The market cap of FRP Holdings was $360 million at the close of 30 October 2026.

Peers: Real Estate

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
CBRE Group, Inc. CBRE$37.1 billion27.5815.9%4.6%14.5%0.91n/a
Terreno Realty Corp. TRNO$7.1 billion17.528.8%41.4%18.0%0.213.2%
Millrose Properties, Inc. MRP$4.3 billion8.938.1%85.1%n/a0.4210.0%
Curbline Properties Corp. CURB$3.5 billion118.881.2%17.6%50.6%0.262.5%
Cushman & Wakefield Ltd. CWK$3.1 billion45.903.4%4.4%11.0%1.31n/a
Urban Edge Properties UE$2.5 billion24.007.4%n/a5.5%1.214.1%
Getty Realty Corp. GTY$1.9 billion17.078.0%63.5%12.3%0.936.9%
Ellington Financial Inc. EFC$1.5 billion6.969.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.4 billion11.817.4%51.4%-8.4%0.3314.6%
Forestar Group Inc. FOR$1.2 billion7.199.2%n/a11.8%0.43n/a
Sky Harbour Group Corp. SKYH$759 millionn/a0.6%-80.8%62.2%1.09n/a
Five Point Holdings, LLC FPH$622 million10.771.3%-2.9%-39.1%0.19n/a
All 38 in Real Estate
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Brookfield Corporation BN *$87.7 billion80.180.8%n/a-12.7%0.090.8%
CBRE Group, Inc. CBRE$37.1 billion27.5815.9%4.6%14.5%0.91n/a
KE Holdings Inc. BEKE *$19.9 billion45.814.5%2.2%1.2%0.022.0%
Jones Lang Lasalle Inc. JLL$16.4 billion15.5814.3%4.9%11.4%0.28n/a
Invitation Homes Inc. INVH$15.5 billion23.317.7%11.5%7.2%0.994.5%
Terreno Realty Corp. TRNO$7.1 billion17.528.8%41.4%18.0%0.213.2%
Compass, Inc. COMP$6.8 billion149.752.2%-2.6%67.8%1.05n/a
Millrose Properties, Inc. MRP$4.3 billion8.938.1%85.1%n/a0.4210.0%
Marriott Vacations Worldwide Corp. VAC$4.0 billionn/a-16.2%-3.3%1.7%2.652.8%
St. Joe Co. JOE$4.0 billion33.2015.8%32.0%11.1%0.710.9%
Curbline Properties Corp. CURB$3.5 billion118.881.2%17.6%50.6%0.262.5%
Cushman & Wakefield Ltd. CWK$3.1 billion45.903.4%4.4%11.0%1.31n/a
Urban Edge Properties UE$2.5 billion24.007.4%n/a5.5%1.214.1%
Newmark Group, Inc. NMRK$2.1 billion14.2010.3%7.7%20.8%1.241.3%
Getty Realty Corp. GTY$1.9 billion17.078.0%63.5%12.3%0.936.9%
Opendoor Technologies Inc. OPEN$1.7 billionn/a-166.4%-16.0%-37.2%2.14n/a
Ellington Financial Inc. EFC$1.5 billion6.969.9%37.2%44.8%2.09n/a
Innovative Industrial Properties Inc. IIPR$1.4 billion11.817.4%51.4%-8.4%0.3314.6%
Forestar Group Inc. FOR$1.2 billion7.199.2%n/a11.8%0.43n/a
Piedmont Realty Trust, Inc. PDM$1.2 billionn/a-6.1%13.8%2.9%1.621.3%
Marcus & Millichap, Inc. MMI$1.1 billion75.662.5%1.2%11.9%0.00n/a
Sky Harbour Group Corp. SKYH$759 millionn/a0.6%-80.8%62.2%1.09n/a
Agnt, Inc. AGNT$648 millionn/a-6.1%-0.3%8.1%0.005.2%
Five Point Holdings, LLC FPH$622 million10.771.3%-2.9%-39.1%0.19n/a
Hudson Pacific Properties, Inc. HPP$571 millionn/a-20.3%n/a1.8%1.210.0%
Gladstone Commercial Corp. GOOD$554 million35.1315.7%n/a10.8%5.4110.5%
Tejon Ranch Co. TRC$442 million71.221.3%-0.9%25.4%0.20n/a
FRP Holdings, Inc. FRPH$360 million1,876.500.0%11.6%2.5%0.50n/a
American Realty Investors Inc. ARL$298 million35.481.3%-18.3%6.8%0.350.0%
Maui Land & Pineapple Co. Inc. MLP$286 millionn/a-14.9%-36.3%-4.1%0.28n/a
Alico, Inc. ALCO$278 million170.431.5%-138.0%-61.4%0.810.5%
Claros Mortgage Trust, Inc. CMTG$164 millionn/a-43.5%n/a-30.9%2.10n/a
Douglas Elliman Inc. DOUG$141 million5.3414.9%3.5%-2.7%0.00n/a
Amrep Corp. AXR$109 million18.824.2%14.8%-15.3%0.00n/a
Mobile Infrastructure Corp. BEEP$101 millionn/a-18.0%n/a-4.1%1.52n/a
Seritage Growth Properties SRG$93 millionn/a-20.1%-172.0%-23.7%0.17n/a
Star Holdings STHO$90 million6.224.9%-13.0%-17.7%0.74n/a
Intergroup Corp. INTG$85 million52.03n/a16.0%14.9%n/an/a
18 companies share its SEC industry code (Real Estate); the rest are the names nearest in size in its wider industry, Real Estate, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 202614 May 2026EDGAR
10-K31 December 202515 April 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 202513 May 2025EDGAR
10-K31 December 202418 March 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 202414 May 2024EDGAR