Alexander & Baldwin, Inc. (ALEX) Revenue History
Annual and quarterly revenue from 2009 to present
ALEX Revenue Over Time (2009–2025)
ALEX Revenue Growth History
8 of 16 years with positive growth- FY2009 revenue growth
- N/A
- FY2010 revenue growth
- -81.3%
- FY2011 revenue growth
- -10.2%
- FY2012 revenue growth
- +11.2%
- FY2013 revenue growth
- +39.7%
- FY2014 revenue growth
- +24.9%
- FY2015 revenue growth
- +3.6%
- FY2016 revenue growth
- -18.0%
- FY2017 revenue growth
- +9.8%
- FY2018 revenue growth
- +51.4%
- FY2019 revenue growth
- -32.5%
- FY2020 revenue growth
- -56.3%
- FY2021 revenue growth
- +33.5%
- FY2022 revenue growth
- -9.2%
- FY2023 revenue growth
- -9.4%
- FY2024 revenue growth
- +13.3%
- FY2025 revenue growth
- -12.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $51.0M | -18.4% |
| Q3 2025 | $50.2M | -18.9% |
| Q2 2025 | $51.7M | +1.3% |
| Q1 2025 | $53.7M | -12.2% |
| Q4 2024 | $62.4M | +18.0% |
| Q3 2024 | $61.9M | +18.0% |
| Q2 2024 | $51.0M | -3.9% |
| Q1 2024 | $61.2M | +21.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
ALEX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
ALEX Revenue Analysis (2009–2025)
Current Revenue & Growth
As of June 23, 2026, Alexander & Baldwin, Inc. (ALEX) generated trailing twelve-month (TTM) revenue of $206.7 million, reflecting significant decline in growth of -18.4% year-over-year. The most recent quarter (Q4 2025) recorded $51.0 million in revenue, up 1.5% sequentially.
Historical Growth Trajectory
ALEX's 5-year compound annual growth rate (CAGR) stands at +1.7%, indicating moderate growth over time. The 3-year CAGR of -3.6% is below the 5-year average, signalling a growth deceleration in recent years. Alexander & Baldwin, Inc.'s highest annual revenue of $1.40 billion was recorded in 2009.
Revenue by Segment
ALEX's revenue is primarily driven by Reportable Segment (50%), Commercial Real Estate Segment (42%), and Land Operations (8%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Real Estate sector peers — including UE (+7.3% YoY), WHLR (-3.5% YoY), and NXRT (-0.7% YoY) — ALEX has underperformed the peer group in revenue growth. Compare ALEX vs UE →
ALEX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ALEXCurrent | $207M | -18.4% | +1.7% | 32.9% | |
 UE | $472M | +7.3% | +7.4% | 26.8% | |
 WHLR | $99M | -3.5% | +10.3% | 31.9% | |
 NXRT | $251M | -0.7% | +4.2% | 11.1% | |
 PECO | $732M | +8.9% | +8.0% | 27.2% | |
 KIM | $2.1B | +4.4% | +15.1% | 35.2% |
ALEX Historical Revenue Data (2009–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $206.7M | -12.7% | $96.1M | 46.5% | $68.0M | 32.9% |
| 2024 | $236.6M | +13.3% | $107.6M | 45.5% | $79.8M | 33.7% |
| 2023 | $208.8M | -9.4% | $102.3M | 49.0% | $64.6M | 30.9% |
| 2022 | $230.6M | -9.2% | $97.6M | 42.3% | $115.7M | 50.2% |
| 2021 | $254.0M | +33.5% | $119.1M | 46.9% | $85.4M | 33.6% |
| 2020 | $190.3M | -56.3% | $64.1M | 33.7% | $42.4M | 22.3% |
| 2019 | $435.2M | -32.5% | $94.3M | 21.7% | $-14,300,000 | -3.3% |
| 2018 | $644.4M | +51.4% | $262.0M | 40.7% | $172.8M | 26.8% |
| 2017 | $425.5M | +9.8% | $123.5M | 29.0% | $28.8M | 6.8% |
| 2016 | $387.5M | -18.0% | $119.0M | 30.7% | $53.9M | 13.9% |
| 2015 | $472.8M | +3.6% | $145.6M | 30.8% | $94.0M | 19.9% |
| 2014 | $456.3M | +24.9% | $129.6M | 28.4% | $64.6M | 14.2% |
| 2013 | $365.2M | +39.7% | $85.7M | 23.5% | $39.9M | 10.9% |
| 2012 | $261.5M | +11.2% | $56.9M | 21.8% | $24.0M | 9.2% |
| 2011 | $235.1M | -10.2% | $52.5M | 22.3% | $19.8M | 8.4% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
17+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ALEX — Frequently Asked Questions
Quick answers to the most common questions about buying ALEX stock.
Is ALEX's revenue growth accelerating or slowing?
ALEX revenue is declining -18.4% year-over-year. TTM revenue fell to $207M, contrasting with the 5-year CAGR of +1.7%. The reversal reflects either macro headwinds or company-specific challenges.
What is ALEX's revenue history from 2009 to 2026?
Alexander & Baldwin, Inc. (ALEX) revenue history spans 2009 to 2026. TTM revenue as of 2026 is $207M, growing at -18.4% YoY. The 5-year CAGR is +1.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ALEX's long-term revenue growth rate (CAGR)?
Alexander & Baldwin, Inc.'s 5-year revenue CAGR of +1.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -18.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ALEX.
Why does ALEX's quarterly revenue fluctuate?
ALEX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Alexander & Baldwin, Inc.'s revenue data from 2009 to 2026 shows full historical quarterly detail on this page.
How is ALEX's revenue distributed by segment?
ALEX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ALEX's revenue compare to industry peers?
Alexander & Baldwin, Inc. (ALEX) with TTM revenue of $207M and -18.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.