JFB CONSTRUCTION HOLDINGS
Why Invest in JFB?
JFB Construction Holdings (Nasdaq: JFB) is a high-growth, diversified construction and real estate development company headquartered in Lantana, Florida. With generational expertise spanning commrcial, residential, hospitality, and industrial construction across 36 U.S. states, JFB is strategically positioned to capitalize on a $3.7 trillion U.S. construction industry poised for sustained expansion. The company’s accelerating revenue trajectory, robust project pipeline exceeding $170 million in total contract value, and strong insider confidence make JFB a compelling investment opportunity for growth-oriented investors.
- $32 million in anticipated 2025 revenues — a 40% increase year-over-year
- 119% anticipated increase in Q4 2025 revenues versus Q4 2024
- $100 million landmark DeSoto County high school contract secured
- $44 million private placement completed — $34M+ working capital
- CEO and CFO purchasing shares on the open market — insider confidence
- Diversified across commercial, residential, hospitality, and industrial verticals
Business Overview
JFB Construction Holdings is a Nasdaq-listed, diversified construction and real estate development company that delivers services across four core business verticals: Commercial Construction, Residential Construction, Real Estate Development, and Hospitality. Founded by CEO Joseph F. Basile III, the company has built its reputation on quality craftsmanship, client trust, and a referral-driven business model that has sustained decades of relationships with blue-chip clients.
Commercial Construction
JFB’s commercial segment represents the largest share of revenue, encompassing office buildings, retail centers, industrial facilities, franchise buildouts, and tenant improvements. The company has completed over 3 million square feet of commercial retail and shopping center projects and has been the preferred general contractor for European Wax Center for over 10 years, building 400+ locations including the first franchised location in 36 states. Recent commercial wins include a $15 million industrial construction project in Charlotte, NC and a $1.5 million Prison Island franchise in Indianapolis.
Residential Construction
The residential segment focuses on luxury single-family homes, equestrian facilities, multi-family developments, and custom estates primarily in South Florida. JFB has delivered over $200 million in luxury residential and equestrian construction and recently commenced vertical construction on The Preserve at Port Salerno, a 79-unit luxury townhome development with a $21 million contract value — the company’s largest multi-family contract to date. An additional $11 million contract for eight custom spec homes in Jupiter, Florida was secured in January 2026.
Hospitality
JFB is rapidly expanding its hospitality presence with two Marriott Hotel projects currently active. The company holds a 25% ownership interest in a new-build Courtyard by Marriott in Olive Branch, Mississippi ($18 million contract), and has commenced construction on a Courtyard by Marriott conversion in Melbourne, Florida ($6.2 million). This ownership model provides both construction revenue and long-term equity upside.
Real Estate Development
Through its development segment, JFB acquires, develops, and sells real estate properties, creating additional value through vertical integration from land acquisition through construction completion.
Market Analysis
JFB operates at the intersection of several powerful macroeconomic tailwinds that are driving sustained growth in the U.S. construction industry. The North America construction market was valued at $3.69 trillion in 2025 and is projected to reach $4.82 trillion by 2030, reflecting a compound annual growth rate (CAGR) of 5.49%. Total construction put-in-place spending is forecast to reach $2.23 trillion in 2026, up 3.3% from 2025. These market dynamics create a favorable backdrop for JFB’s multi-vertical business model.
Florida — A Top-Growth Market: JFB’s home state of Florida consistently ranks among the strongest construction markets in the nation. Florida remains a top contender for development activity driven by strong inward migration, household formation, major infrastructure investment, and robust private sector spending. The state’s residential construction market issued over 79,000 new permits through Q3 2025, with luxury and higher-value construction continuing to represent a strong market segment. Florida was recently named the best state for construction by Associated Builders and Contractors, claiming the top spot for the fourth time.
| Key Market Drivers Benefiting JFB | |
|---|---|
| Infrastructure Investment | The $1.2 trillion Infrastructure Investment and Jobs Act continues to fund projects through 2025+. Less than half of the legislation’s funds had been allocated by late 2024, leaving ~$700 billion for future projects. |
| Hospitality & Tourism | Hotel and motel construction is forecast for cumulative growth of 79% through 2028, with an average annual growth rate above 15%. |
| Education Construction | Public institutional spending in education, healthcare, and public facilities is expected to rise 3.8% in 2026, directly aligning with JFB’s $100M school contract. |
| Residential Demand | A structural housing deficit of 1.5 million units nationally forces buyers to new builds. Single-family starts are forecast to grow 12.4% in 2026. |
| Florida Population Growth | Florida’s Sun Belt location, business-friendly environment, and lifestyle appeal continue to attract northern transplants, sustaining residential and commercial demand. |
Competitive Analysis
JFB occupies a distinctive position in the U.S. construction landscape as a Nasdaq-listed, diversified general contractor with operations spanning 36 states. While the construction industry is highly fragmented — with approximately 4 million businesses operating in the U.S. — JFB’s unique combination of scale, diversification, public market access, and generational expertise creates meaningful competitive advantages:
Multi-Vertical Diversification
Unlike many small-to-mid-cap construction firms that specialize in a single vertical, JFB operates across commercial, residential, hospitality, industrial, and real estate development. This diversification mitigates cyclical risk and allows the company to capitalize on opportunities across sectors simultaneously.
Public Market Capital Access
As a Nasdaq-listed company with a recent $44 million private placement and $34 million+ in working capital, JFB has superior capital access compared to privately-held competitors. This working capital supports bonding capacity for larger municipal contracts, enabling JFB to compete for projects like the $100 million DeSoto County high school — contracts that are inaccessible to undercapitalized competitors.
Referral-Driven Business Model
JFB reports that 100% of its projects are obtained through referrals and repeat customers. This organic growth engine reduces customer acquisition costs, creates predictable business development, and reflects the deep trust clients place in JFB’s delivery quality. The 10-year relationship with European Wax Center (400+ locations built) exemplifies this model.
Vertical Integration & Ownership
JFB’s ownership model — including a 25% equity interest in the Courtyard by Marriott in Olive Branch, MS — creates dual revenue streams from both construction fees and long-term asset appreciation. This approach transforms JFB from a pure services company into a construction and asset owner, enhancing long-term shareholder value.
Geographic Breadth
Operating in 36 U.S. states provides JFB with geographic diversification that reduces concentration risk. The company can deploy resources to the highest-growth markets while maintaining a strong home-market presence in Florida.
Insider Alignment
CEO Joseph Basile purchased approximately $100,000 and CFO Ruben Calderon purchased approximately $30,000 in JFB stock on the open market in December 2025, demonstrating significant management alignment with shareholder interests.
Financial Performance & Growth Projections
JFB Construction is delivering accelerating revenue growth, with full year 2025 anticipated revenues of $32 million representing a 40% increase over 2024. This builds on strong momentum including a 93% year-over-year revenue increase in Q1 2025 and an anticipated 119% increase in Q4 2025 revenues. The company’s expanding contract pipeline and diversified revenue base position it for continued robust growth into 2026 and beyond.
|
Financial Metric |
Detail |
|---|---|
| 2025 Anticipated Revenue | $32 million (+40% YoY) |
| Q4 2025 Revenue Growth | +119% year-over-year |
| Q1 2025 Revenue Growth | +93% year-over-year |
| Gross Margin (TTM) | 19.73% |
| Working Capital | $34 million+ |
| Private Placement (Oct 2025) | $44 million gross proceeds |
| 2025 Total Contracts Executed | $69.5 million+ (through May 2025) |
| 52-Week Stock Range | $3.39 – $29.69 |
| Stock Price Appreciation | +737% from 52-week low |
Active Project Pipeline
JFB’s active project pipeline exceeds $170 million in total contract value, spanning multiple states and construction verticals. This diversified backlog provides revenue visibility and growth trajectory through 2027 and beyond.
Key pipeline highlights for 2026 include the commencement of Phase 2 of the DeSoto County high school (valued at $30 million+, expected to begin June 2026), continued revenue recognition from The Preserve at Port Salerno ($12 million expected in 2026), the Courtyard by Marriott Melbourne conversion ($6.2 million expected in 2026), construction of the Prison Island franchise in Indianapolis (Q2 2026 completion), and the Jupiter custom homes project (Q2 2026 start). Management has also been exclusively invited to the European Wax Center corporate conference in March 2026 as the sole general contractor, signaling potential for significant additional franchise buildout contracts.
Investment Thesis Summary
■ Accelerating Revenue Growth
With 40% full-year 2025 revenue growth and 119% Q4 growth, JFB is demonstrating the ability to scale rapidly while executing on a growing backlog of high-value contracts.
■ Massive Contract Pipeline
Over $170M in active contracts, anchored by a $100M school project, provides multi-year revenue visibility and positions JFB for potential 70%+ revenue growth in 2026.
■ Favorable Market Tailwinds
The $3.7 trillion U.S. construction market, Florida’s top-ranked growth profile, and federal infrastructure spending create a powerful demand environment for JFB’s diversified services.
■ Strong Management Alignment
CEO and CFO open-market stock purchases, personal guarantees on key contracts, and transparent investor communication demonstrate deep commitment to long-term shareholder value creation.
Investor Contact
Corporate Contact
Joseph F. Basile, III
Chief Executive Officer
Investor Relations
CORE IR — Mike Mason
Vanderbiltreport.com is owned and operated by AB Holdings, a US-based corporation. We have received compensation of up to $100,000 regarding the profiling of JFB Construction (NASDAQ: JFB) starting on January 25, 2026. It is important to note that we do not own any shares in JFB: NASDAQ.
This page includes forward-looking statements subject to substantial risks and uncertainties. Actual outcomes may differ due to regulatory decisions, financing needs, and execution. Investors should consult SEC filings before making decisions.
