TRC Industrials

Tejon Ranch Co.

$16.30+0.43%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Industrials
Industry: Conglomerates
Country: United States
Market cap: 440.4M USD
Enterprise value: 536.7M USD
Full-time employees: 65

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #1,257 of 2,308 industrials companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.
Tejon Ranch reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Tejon Ranch made a profit per share in its latest year after a loss the year before.
Growing fast, still losing money. Revenue grew faster than 90% of peers, at an operating loss.
Revenue grew faster than 90% of peers, but the business runs at an operating loss (margin -0.9%).

StockQuotient Score

49/ 100

Oct 5 49 → Nov 4 49

Valuation

Is the price right?

17/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ FCF yield
▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.4%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.82Sector median: 0.0377 · MAD: 0.0294

EBITDA yield1.1%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -1.37Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-12.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield108.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

77/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 11.7%

Why

Stronger than most peers on:

▲ Revenue growth
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit33% base weight · Z-score 3.41Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-14.5%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score -2.98Sector median: 0.0421 · MAD: 0.0625

Revenue growth25.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.75Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

17/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 8.8 points to -0.9%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROIC
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-0.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.70Sector median: 0.0773 · MAD: 0.0507

Return on assets0.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.90Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-0.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.30Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin33.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity1.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.57

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.26Sector median: 0.6440 · MAD: 0.2745

Current ratio2.92×

SEC filings · latest balance sheetReported value33% base weight · Z-score 2.43Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.19×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.61Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Tejon Ranch

Is Tejon Ranch getting weaker?: Its latest SEC filing (Aug 6, 2026) got stronger: operating margin rose 8.8 points to -0.9%. Its overall score is unchanged at 49/100 since Oct 28, 2026.
How is Tejon Ranch valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 2,459 industrials peers. Free cash flow yield -12.1% vs a peer median of 3.7% (weaker than 100% of peers).Free cash flow yield -12.1% vs peers 3.7% (weaker than 100% of peers).
Is Tejon Ranch growing?: Yes, faster than most of its peers. Growth scores 77/100 against 2,459 industrials peers. Revenue growth 25.4% vs a peer median of 4.4% (stronger than 90% of peers).Revenue growth 25.4% vs peers 4.4% (stronger than 90% of peers). 3-year revenue growth -14.5% vs a peer median of 4.2% (weaker than 93% of peers).3-year revenue growth -14.5% vs peers 4.2% (weaker than 93% of peers).
How profitable is Tejon Ranch?: Less profitable than most of its peers. Profitability scores 17/100 against 2,459 industrials peers. Operating margin -0.9% vs a peer median of 7.7% (weaker than 87% of peers).Operating margin -0.9% vs peers 7.7% (weaker than 87% of peers).
How risky is Tejon Ranch?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.92× vs a peer median of 1.62× (stronger than 83% of peers).Current ratio 2.92× vs peers 1.62× (stronger than 83% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Operating margin rose 8.8 points to -0.9%

Worth watching: Tejon Ranch is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	50.9M USD	56.8M USD	+11.7%
Net income (12 months)	1.7M USD	6.0M USD	+257.2%
Operating margin	-9.7%	-0.9%	+8.8 pts
Cash	4.7M USD	3.9M USD	−17.0%
Shares outstanding	27.0M	27.0M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Conglomerates companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	—	39.4%	29.1%	30.5%	29.2%	▼ 1.3 pts
Operating margin	—	17.3%	-8.3%	-22.0%	-16.0%	▲ 5.9 pts
Net margin	—	20.0%	7.3%	6.4%	0.2%	▼ 6.3 pts
Return on assets (ROA)	1.0%	2.8%	0.6%	0.4%	0.0%	▼ 0.4 pts
Return on equity (ROE)	1.2%	3.4%	0.7%	0.6%	0.0%	▼ 0.6 pts
Free cash flow margin	—	-17.8%	-17.2%	-102.5%	—	—
Current ratio	4.04×	6.90×	6.90×	4.13×	4.14×	▲ 0.1%
Quick ratio	3.67×	6.62×	6.60×	3.90×	3.78×	▼ 2.9%
Debt to equity	0.12×	0.11×	0.10×	—	—	—

TRC price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #1,257 of 2,308 industrials companies (bottom 46%)

See how it ranks against its peers

Worth knowing

Profitable, but burning cash. Reports a profit, but free cash flow is negative.

Tejon Ranch reports a profit but its free cash flow is negative: it spent more on investment and running the business than it brought in. That's common for companies building capacity, but it means the profit isn't yet turning into cash.

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

Tejon Ranch made a profit per share in its latest year after a loss the year before.

Growing fast, still losing money. Revenue grew faster than 90% of peers, at an operating loss.

Revenue grew faster than 90% of peers, but the business runs at an operating loss (margin -0.9%).

Questions investors ask about Tejon Ranch

Is Tejon Ranch getting weaker?

Its latest SEC filing (Aug 6, 2026) got stronger: operating margin rose 8.8 points to -0.9%. Its overall score is unchanged at 49/100 since Oct 28, 2026.

How is Tejon Ranch valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 2,459 industrials peers. Free cash flow yield -12.1% vs a peer median of 3.7% (weaker than 100% of peers).Free cash flow yield -12.1% vs peers 3.7% (weaker than 100% of peers).

Is Tejon Ranch growing?

Yes, faster than most of its peers. Growth scores 77/100 against 2,459 industrials peers. Revenue growth 25.4% vs a peer median of 4.4% (stronger than 90% of peers).Revenue growth 25.4% vs peers 4.4% (stronger than 90% of peers). 3-year revenue growth -14.5% vs a peer median of 4.2% (weaker than 93% of peers).3-year revenue growth -14.5% vs peers 4.2% (weaker than 93% of peers).

How profitable is Tejon Ranch?

Less profitable than most of its peers. Profitability scores 17/100 against 2,459 industrials peers. Operating margin -0.9% vs a peer median of 7.7% (weaker than 87% of peers).Operating margin -0.9% vs peers 7.7% (weaker than 87% of peers).

How risky is Tejon Ranch?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.92× vs a peer median of 1.62× (stronger than 83% of peers).Current ratio 2.92× vs peers 1.62× (stronger than 83% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

50.9M USD

56.8M USD

+11.7%

Net income (12 months)

1.7M USD

6.0M USD

+257.2%

Operating margin

-9.7%

-0.9%

+8.8 pts

Cash

4.7M USD

3.9M USD

−17.0%

Shares outstanding

27.0M

27.0M

+0.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

—

39.4%

29.1%

30.5%

29.2%

▼ 1.3 pts

Operating margin

—

17.3%

-8.3%

-22.0%

-16.0%

▲ 5.9 pts

Net margin

—

20.0%

7.3%

6.4%

0.2%

▼ 6.3 pts

Return on assets (ROA)

1.0%

2.8%

0.6%

0.4%

0.0%

▼ 0.4 pts

Return on equity (ROE)

1.2%

3.4%

0.7%

0.6%

0.0%

▼ 0.6 pts

Free cash flow margin

—

-17.8%

-17.2%

-102.5%

—

Current ratio

4.04×

6.90×

4.13×

4.14×

▲ 0.1%

Quick ratio

3.67×

6.62×

6.60×

3.90×

3.78×

▼ 2.9%

Debt to equity

0.12×

0.11×

0.10×

—