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MLPMaui Land & Pineapple Company, Inc.
$17.15$341M
Overview & Verdict
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MLP logoMaui Land & Pineapple Company, Inc.(MLP)Earnings, Financials & Key Ratios

MLP•NYSE
$17.15
Price updated Jul 7, 2026
SectorReal EstateIndustryReal Estate ServicesSub-IndustryReal estate owners and developers
AboutMaui Land & Pineapple Company, Inc., together with its subsidiaries, develops, manages, and sells residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Real Estate, Leasing, and Resort Amenities segments. The Real Estate segment is involved in the land planning and entitlement, development, and sale of its landholdings on Maui. This segment also provides licensed general brokerage services for properties in the Kapalua Resort and surrounding areas. The Leasing segment leases commercial, agricultural, and industrial land and properties; and licenses its registered trademarks and trade names, as well as provides stewardship and conservation services. This segment also operates ditches, reservoirs, and well systems that provide potable and non-potable water to West and Upcountry Maui areas. The Resort Amenities segment manages the operations of the Kapalua Club, a private non-equity club program that provides its members special programs, access, and other privileges at certain amenities at the Kapalua Resort. The company owns approximately 23,000 acres of land on the island of Maui, Hawaii. Maui Land & Pineapple Company, Inc. was founded in 1909 and is based in Lahaina, Hawaii.Show more
  • Revenue$19M+68.2%
  • EBITDA-$3M+48.5%
  • Net Income-$11M-43.1%
  • EPS (Diluted)-0.54-42.1%
  • Gross Margin29.04%-15.6%
  • EBITDA Margin-17.54%+69.4%
  • Operating Margin-23.37%+63.2%
  • Net Margin-54.37%+14.9%
  • ROE-31.94%-46.7%

MLP Price & Volume

Maui Land & Pineapple Company, Inc. (MLP) stock price & volume — 10-year historical chart

Loading chart...

Persistent Operational Volatility Masks Asset Value Potential

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Adequate
Cash Flow:Burning
Primary Risk:Geographic and regulatory concentration

Key Thesis Takeaways

  • Maui Land & Pineapple Company faces significant challenges in achieving consistent profitability, as evidenced by recurring negative operating margins that peaked at -73.7% in 2024Q3.
  • While the company maintains a conservative capital structure with a 0.23 debt-to-equity ratio, the lack of reliable cash flow generation and high capital intensity—highlighted by a 46.2% CapEx/Revenue ratio in 2024Q3—suggests that the firm remains highly dependent on lumpy, project-based real estate sales.
  • Investors should monitor whether the company can transition from its current state of structural cash burn to a sustainable model that leverages its 23,000-acre land portfolio without further eroding shareholder equity.

Verdict Logic

the company's inability to maintain positive operating margins, which reached -59.2% in 2026Q1, combined with persistent cash burn, suggests that the current valuation is not supported by core operational performance.

MLP Growth Metrics

Maui Land & Pineapple Company, Inc. (MLP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-1.57%
5 Years20.88%
3 Years-2.45%
TTM14.56%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM72.72%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM73.33%

Return on Capital

10 Years11.55%
5 Years-2.51%
3 Years-14.19%
Last Year-11.43%

MLP Recent Earnings

Maui Land & Pineapple Company, Inc. (MLP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q2 2026Latest
May 15, 2026
Metric
Actual
Est
EPS
$0.10
—
Rev
$5M
—
Q2 2026
Apr 1, 2026
Metric
Actual
Est
EPS
$0.06
—
Rev
$5M
—
Q2 2026
Mar 30, 2026
Metric
Actual
Est
EPS
$0.11
—
Rev
$3M
—
Q4 2025
Nov 14, 2025
Metric
Actual
Est
EPS
$0.01
—
Rev
$5M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 15, 2026
$0.10
$5M
Q2 2026Apr 1, 2026
$0.06
$5M
Q2 2026Mar 30, 2026
$0.11
$3M
Q4 2025Nov 14, 2025
$0.01
$5M
Based on last 12 quarters of dataView full earnings history →

Latest MLP News

Recent stock market news and headlines for Maui Land & Pineapple Company, Inc. (MLP)

The Motley Fool·Jun 25, 2026
State Street Energy ETF vs Alerian MLP ETF: Which Is the Better Energy Fund?

Alerian MLP ETF provides a significantly higher dividend yield through a concentrated portfolio of energy infrastructure master limited partnerships State Street Energy Select Sector SPDR ETF offers a much lower expense ratio and has delivered stronger total returns over the past five years While both focus on energy, the State Street Energy Select Sector SPDR ETF targets large-cap integrated companies while the Alerian MLP ETF concentrates on midstream infrastructure

The Motley Fool·Jun 18, 2026
Alerian MLP ETF or VanEck Uranium ETF: Which Delivers More Value?

Alerian MLP ETF offers a significantly higher dividend yield than VanEck Uranium and Nuclear ETF, but it carries a much higher expense ratio of 1.01%. While the VanEck ETF focuses on the nuclear power ecosystem, Alerian's fund concentrates almost exclusively on energy infrastructure through master limited partnerships.

Peers Comparison

Key metrics vs top competitors for Maui Land & Pineapple Company, Inc. (MLP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MLP logoMLPMaui Land & Pineapple Company, Inc.Current
$17.15$340.68M-31.7668.24%-54.37%-31.94%—
ALEX logoALEXAlexander & Baldwin, Inc.
$20.84$1.52B23.42-12.66%31.29%6.44%—
CTO logoCTOCTO Realty Growth, Inc.
$21.55$728.04M269.7120.1%7.92%2.16%—
STRW logoSTRWStrawberry Fields REIT LLC
$13.78$185.02M22.9732.41%14.37%39.34%—
FPI logoFPIFarmland Partners Inc.
$9.58$417.97M15.45-10.39%56%5.65%—
LAND logoLANDGladstone Land Corporation
$8.56$369.25M-29.523.66%-6.68%-0.87%—

Compare MLP vs Peers

Maui Land & Pineapple Company, Inc. (MLP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ALEX

Most directly comparable listed peer for MLP.

Scale Benchmark

vs VICI

Larger-name benchmark to compare MLP against a more recognizable public peer.

Peer Set

Compare Top 5

vs ALEX, CTO, STRW, FPI

MLP SEC Filings & Documents

Maui Land & Pineapple Company, Inc. (MLP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 27, 2026·SEC

Material company update

May 19, 2026·SEC

Material company update

May 15, 2026·SEC

10-K Annual Reports

4
FY 2026

Apr 1, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Mar 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 15, 2026·SEC

FY 2025

Nov 14, 2025·SEC

FY 2025

Aug 14, 2025·SEC

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MLP Frequently Asked Questions

Maui Land & Pineapple Company, Inc. (MLP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Maui Land & Pineapple Company, Inc.'s revenue?

Maui Land & Pineapple Company, Inc. (MLP) reported $17.1M in revenue for fiscal year 2025. This represents a 87% decrease from $136.3M in 1996.

How fast is Maui Land & Pineapple Company, Inc. growing?

Maui Land & Pineapple Company, Inc. (MLP) grew revenue by 68.2% over the past year. This is strong growth.

Is MLP profitable?

Maui Land & Pineapple Company, Inc. (MLP) reported a net loss of $4.0M for fiscal year 2025.

Dividend & Returns
What is MLP's return on equity?

Maui Land & Pineapple Company, Inc. (MLP) has a return on equity (ROE) of -31.9%. Negative ROE indicates the company is unprofitable.

What is Maui Land & Pineapple Company, Inc.'s free cash flow?

Maui Land & Pineapple Company, Inc. (MLP) had negative free cash flow of $3.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in MLP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →