What is Tejon Ranch's earnings per share (EPS)?

Tejon Ranch (TRC) reported diluted earnings per share of $0.10 for fiscal year 2025. This represents a 0.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Tejon Ranch Financials

TRC

Source SEC Filings (10-K/10-Q) Updated Mar 19, 2026 Currency USD FYE March

This page shows Tejon Ranch (TRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 38/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Tejon Ranch has an operating margin of -53.0%, meaning the company retains $-53 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -22.0% the prior year.

Growth

Tejon Ranch's revenue declined 64.2% year-over-year, from $41.9M to $15.0M. This contraction results in a growth score of 0/100.

Leverage

Tejon Ranch carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.14, Tejon Ranch holds $4.14 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 82/100.

Returns

Tejon Ranch generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is down from 0.6% the prior year.

Piotroski F-Score Neutral

5/9

Tejon Ranch passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

81.76x

For every $1 of reported earnings, Tejon Ranch generates $81.76 in operating cash flow ($6.1M OCF vs $75K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$15.0M

YoY-64.2%

5Y CAGR-16.9%

10Y CAGR-11.5%

Tejon Ranch generated $15.0M in revenue in fiscal year 2025. This represents a decrease of 64.2% from the prior year.

EBITDA

-$1.9M

YoY+55.0%

Tejon Ranch's EBITDA was -$1.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 55.0% from the prior year.

Net Income

$75K

YoY-97.2%

10Y CAGR-30.7%

Tejon Ranch reported $75K in net income in fiscal year 2025. This represents a decrease of 97.2% from the prior year.

EPS (Diluted)

$0.10

YoY+0.0%

10Y CAGR-3.3%

Tejon Ranch earned $0.10 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$9.5M

YoY-75.7%

5Y CAGR-29.7%

10Y CAGR+17.3%

Tejon Ranch held $9.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

27M

YoY+0.4%

5Y CAGR+0.5%

10Y CAGR+2.7%

Tejon Ranch had 27M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.

Margins & Returns

Gross Margin

87.6%

YoY+57.1pp

Tejon Ranch's gross margin was 87.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 57.1 percentage points from the prior year.

Operating Margin

-53.0%

YoY-31.0pp

5Y CAGR-35.2pp

10Y CAGR-46.8pp

Tejon Ranch's operating margin was -53.0% in fiscal year 2025, reflecting core business profitability. This is down 31.0 percentage points from the prior year.

Net Margin

0.5%

YoY-5.9pp

5Y CAGR+2.5pp

10Y CAGR-5.3pp

Tejon Ranch's net profit margin was 0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.

Return on Equity

0.0%

YoY-0.6pp

5Y CAGR+0.2pp

10Y CAGR-1.0pp

Tejon Ranch's ROE was 0.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

TRC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$15.0M-64.2%	$41.9M-6.4%	$44.7M-43.5%	$79.2M	N/A	$37.8M
Cost of Revenue	$1.9M	N/A	N/A	N/A	N/A	N/A
Gross Profit	$13.1M+2.9%	$12.8M-2.0%	$13.0M-58.2%	$31.2M	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.2M	N/A	N/A	N/A	N/A	N/A
Operating Income	-$8.0M+13.5%	-$9.2M-148.7%	-$3.7M-126.9%	$13.7M+5380.4%	-$260K+96.1%	-$6.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$1.1M+11.5%	$976K-58.0%	$2.3M-68.6%	$7.4M+93.5%	$3.8M+360.9%	$829K
Net Income	$75K-97.2%	$2.7M-17.6%	$3.3M-79.3%	$15.8M+195.6%	$5.3M+822.7%	-$740K
EPS (Diluted)	$0.100.0%	$0.10-16.7%	$0.12-79.7%	$0.59+195.0%	$0.20+766.7%	$-0.03

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$12.0M+44.1%	$8.3M+1.2%	$8.2M-54.2%	$17.9M+65.2%	$10.9M+90.8%	$5.7M-23.2%	$7.4M	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	$3.4M0.0%	$3.4M+176.9%	$1.2M-84.0%	$7.7M+210.0%	$2.5M-3.7%	$2.6M+12176.2%	$21K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$2.0M+50.1%	-$4.1M+2.7%	-$4.2M-296.0%	$2.1M+156.1%	-$3.8M-6.9%	-$3.5M+10.9%	-$4.0M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$972K-323.4%	$435K+134.2%	-$1.3M-200.8%	$1.3M-31.1%	$1.8M+255.8%	-$1.2M-24.8%	-$942K	N/A
Net Income	$1.7M+197.5%	-$1.7M-16.9%	-$1.5M-132.7%	$4.5M+344.2%	-$1.8M-291.8%	$957K+204.7%	-$914K	N/A
EPS (Diluted)	$0.06+200.0%	$-0.06-20.0%	$-0.05	N/A	$-0.07-275.0%	$0.04+233.3%	$-0.03	N/A

TRC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$630.5M+3.7%	$608.0M+5.3%	$577.5M+1.9%	$566.8M+3.8%	$546.0M+1.8%	$536.3M
Current Assets	$39.3M-43.4%	$69.4M-13.0%	$79.8M-3.9%	$83.0M+31.9%	$63.0M-8.1%	$68.5M
Cash & Equivalents	$9.5M-75.7%	$39.3M+23.1%	$31.9M-18.4%	$39.1M+8.1%	$36.2M-34.6%	$55.3M
Inventory	$3.3M-15.7%	$4.0M+13.7%	$3.5M+3.7%	$3.4M-40.9%	$5.7M+90.7%	$3.0M
Accounts Receivable	$9.4M+18.6%	$7.9M-5.2%	$8.4M+87.6%	$4.5M-31.2%	$6.5M+41.0%	$4.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$139.9M+17.5%	$119.0M+26.1%	$94.4M+5.9%	$89.2M-0.4%	$89.5M-1.6%	$91.0M
Current Liabilities	$9.5M-43.5%	$16.8M+45.3%	$11.6M-3.9%	$12.0M-22.9%	$15.6M+20.5%	$12.9M
Long-Term Debt	N/A	N/A	$0-100.0%	$48.2M0.0%	$48.2M-8.4%	$52.6M
Total Equity	$475.2M+0.3%	$473.6M+1.3%	$467.7M+1.2%	$462.2M+4.8%	$441.1M+2.6%	$430.0M
Retained Earnings	$111.7M+0.1%	$111.6M+2.5%	$108.9M+3.1%	$105.6M+17.6%	$89.8M+6.3%	$84.5M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$629.6M+1.8%	$618.5M+0.6%	$614.6M+1.1%	$608.0M+1.7%	$598.0M+1.2%	$590.8M+1.6%	$581.6M+0.7%	$577.5M
Current Assets	$36.6M+9.9%	$33.3M-27.3%	$45.8M-34.0%	$69.4M+24.7%	$55.6M-13.7%	$64.5M-13.6%	$74.7M-6.4%	$79.8M
Cash & Equivalents	$3.6M+42.8%	$2.5M-79.6%	$12.3M-68.7%	$39.3M+43.5%	$27.4M-17.1%	$33.0M-7.1%	$35.6M+11.4%	$31.9M
Inventory	$8.2M-5.2%	$8.7M+52.8%	$5.7M+43.0%	$4.0M-47.4%	$7.5M-16.1%	$9.0M+54.6%	$5.8M+66.6%	$3.5M
Accounts Receivable	$5.1M+188.5%	$1.8M-40.9%	$3.0M-62.4%	$7.9M+184.4%	$2.8M+18.0%	$2.4M-36.1%	$3.7M-55.8%	$8.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$141.0M+7.1%	$131.7M+3.9%	$126.7M+6.4%	$119.0M+4.1%	$114.4M+7.6%	$106.3M+7.4%	$98.9M+4.7%	$94.4M
Current Liabilities	$13.7M-7.3%	$14.8M-13.1%	$17.0M+1.5%	$16.8M-14.2%	$19.6M+4.2%	$18.8M+22.3%	$15.4M+32.8%	$11.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0
Total Equity	$473.2M+0.4%	$471.5M-0.2%	$472.5M-0.2%	$473.6M+1.1%	$468.3M-0.2%	$469.2M+0.4%	$467.4M-0.1%	$467.7M
Retained Earnings	$110.1M+1.5%	$108.4M-1.6%	$110.1M-1.3%	$111.6M+4.2%	$107.1M-1.7%	$109.0M+0.9%	$108.0M-0.8%	$108.9M

TRC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$6.1M-57.2%	$14.3M+4.8%	$13.7M+60.1%	$8.5M+202.9%	$2.8M-81.8%	$15.5M
Capital Expenditures	N/A	$57.2M+168.4%	$21.3M-5.6%	$22.6M+8.3%	$20.9M-6.2%	$22.3M
Free Cash Flow	N/A	-$42.9M-459.4%	-$7.7M+45.5%	-$14.1M+22.1%	-$18.1M-166.5%	-$6.8M
Investing Cash Flow	-$62.3M-142.0%	-$25.7M-83.9%	-$14.0M-640.5%	-$1.9M+87.1%	-$14.7M-174.1%	$19.8M
Financing Cash Flow	$26.4M+40.6%	$18.8M+373.8%	-$6.9M-55.4%	-$4.4M+27.4%	-$6.1M+13.6%	-$7.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	-$2.4M-524.7%	-$381K+71.7%	-$1.3M-110.1%	$13.3M+540.7%	$2.1M+214.9%	-$1.8M-332.0%	$777K+171.0%	-$1.1M
Capital Expenditures	$12.2M-37.5%	$19.6M+11.7%	$17.5M+8.0%	$16.2M-14.2%	$18.9M+35.5%	$14.0M+72.2%	$8.1M+3.8%	$7.8M
Free Cash Flow	-$14.6M+26.8%	-$20.0M-5.8%	-$18.9M-536.0%	-$3.0M+82.4%	-$16.8M-6.8%	-$15.8M-115.0%	-$7.3M+17.7%	-$8.9M
Investing Cash Flow	-$6.5M+61.3%	-$16.9M+48.2%	-$32.6M-290.0%	-$8.4M+46.8%	-$15.7M-233.6%	-$4.7M-253.4%	$3.1M+142.7%	-$7.2M
Financing Cash Flow	$10.0M+33.3%	$7.5M+7.0%	$7.0M+0.1%	$7.0M-12.5%	$8.0M+100.0%	$4.0M+2041.7%	-$206K+93.0%	-$3.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TRC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	87.6%+57.1pp	30.5%+1.4pp	29.1%-10.2pp	39.4%	N/A	N/A
Operating Margin	-53.0%-31.0pp	-22.0%-13.7pp	-8.3%-25.6pp	17.3%	N/A	-17.8%
Net Margin	0.5%-5.9pp	6.4%-0.9pp	7.3%-12.7pp	20.0%	N/A	-2.0%
Return on Equity	0.0%-0.6pp	0.6%-0.1pp	0.7%-2.7pp	3.4%+2.2pp	1.2%+1.4pp	-0.2%
Return on Assets	0.0%-0.4pp	0.4%-0.1pp	0.6%-2.2pp	2.8%+1.8pp	1.0%+1.1pp	-0.1%
Current Ratio	4.140.0	4.13-2.8	6.900.0	6.90+2.9	4.04-1.3	5.30
Debt-to-Equity	0.29+0.0	0.25+0.3	0.00-0.1	0.100.0	0.11-0.0	0.12
FCF Margin	N/A	-102.5%-85.3pp	-17.2%+0.6pp	-17.8%	N/A	-17.9%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	28.4%-12.5pp	40.9%+26.0pp	15.0%-27.9pp	42.9%+20.0pp	22.9%-22.5pp	45.3%+45.0pp	0.3%	N/A
Operating Margin	-16.9%+31.9pp	-48.8%+1.9pp	-50.7%-62.6pp	11.8%+46.8pp	-34.9%+27.4pp	-62.4%-8.6pp	-53.8%	N/A
Net Margin	14.0%+34.6pp	-20.6%-2.8pp	-17.8%-42.8pp	25.0%+41.9pp	-16.9%-33.7pp	16.8%+29.2pp	-12.3%	N/A
Return on Equity	0.4%+0.7pp	-0.4%-0.1pp	-0.3%-1.3pp	0.9%+1.3pp	-0.4%-0.6pp	0.2%+0.4pp	-0.2%	N/A
Return on Assets	0.3%+0.5pp	-0.3%-0.0pp	-0.2%-1.0pp	0.7%+1.1pp	-0.3%-0.5pp	0.2%+0.3pp	-0.2%	N/A
Current Ratio	2.66+0.4	2.24-0.4	2.68-1.4	4.13+1.3	2.84-0.6	3.43-1.4	4.86-2.0	6.90
Debt-to-Equity	0.30+0.0	0.28+0.0	0.27+0.0	0.250.0	0.24+0.0	0.23+0.0	0.21+0.2	0.00
FCF Margin	-122.2%+118.4pp	-240.6%-10.5pp	-230.1%-213.5pp	-16.6%+138.6pp	-155.2%+122.0pp	-277.2%-178.1pp	-99.0%	N/A

Similar Companies

Boston Omaha Corp BOC

$367.4M

Cresud CRESY

$889.4M

FTAI INFRASTRUCTURE INC FIP

$589.6M

Falcons Beyond G FBYD

$588.2M

Compass Diversified CODI

$615.4M

Frequently Asked Questions

What is Tejon Ranch's annual revenue?

Tejon Ranch (TRC) reported $15.0M in total revenue for fiscal year 2025. This represents a -64.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Tejon Ranch's revenue growing?

Tejon Ranch (TRC) revenue declined by 64.2% year-over-year, from $41.9M to $15.0M in fiscal year 2025.

Is Tejon Ranch profitable?

Yes, Tejon Ranch (TRC) reported a net income of $75K in fiscal year 2025, with a net profit margin of 0.5%.

What is Tejon Ranch's EBITDA?

Tejon Ranch (TRC) had EBITDA of -$1.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Tejon Ranch's gross margin?

Tejon Ranch (TRC) had a gross margin of 87.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Tejon Ranch's operating margin?

Tejon Ranch (TRC) had an operating margin of -53.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Tejon Ranch's net profit margin?

Tejon Ranch (TRC) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Tejon Ranch's return on equity (ROE)?

Tejon Ranch (TRC) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Tejon Ranch's operating cash flow?

Tejon Ranch (TRC) generated $6.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Tejon Ranch's total assets?

Tejon Ranch (TRC) had $630.5M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Tejon Ranch have outstanding?

Tejon Ranch (TRC) had 27M shares outstanding as of fiscal year 2025.

What is Tejon Ranch's current ratio?

Tejon Ranch (TRC) had a current ratio of 4.14 as of fiscal year 2025, which is generally considered healthy.

What is Tejon Ranch's debt-to-equity ratio?

Tejon Ranch (TRC) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tejon Ranch's return on assets (ROA)?

Tejon Ranch (TRC) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tejon Ranch's Piotroski F-Score?

Tejon Ranch (TRC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tejon Ranch's earnings high quality?

Tejon Ranch (TRC) has an earnings quality ratio of 81.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Tejon Ranch?

Tejon Ranch (TRC) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.