Tejon Ranch Financials
Tejon Ranch (TRC) reported $49.6M in revenue for fiscal year 2025, up 18.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Asset build-out is outrunning internal cash generation, making this balance sheet more dependent on financing than on operating profits.
From FY2023 to FY2025, operating cash flow stayed positive even though operating income stayed negative; non-cash charges are helping cash generation survive a cost structure that still does not earn an operating profit. Because investing cash outflows kept running well above that internally generated cash, cash fell from$39.3M to$9.5M and leverage moved from 0.0x to 0.3x, showing the asset base is being expanded with outside funding rather than current operations.
Gross margin stayed near
The business is asset-heavy and slow to monetize: total assets reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Tejon Ranch's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tejon Ranch has an operating margin of -16.0%, meaning the company loses $16 on every $100 of revenue. This results in a profitability score of 18/100. This is up from -22.0% the prior year.
Tejon Ranch's revenue surged 18.4% year-over-year to $49.6M, reflecting rapid business expansion. This strong growth earns a score of 51/100.
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 68/100, indicating a strong balance sheet with room for future borrowing.
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 86/100.
Tejon Ranch generates a 0.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is down from 0.6% the prior year.
Tejon Ranch scores 2.25, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($444.2M) relative to total liabilities ($139.9M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tejon Ranch passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Tejon Ranch reported $75K of net income while generating $6.1M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
Tejon Ranch generated $49.6M in revenue in fiscal year 2025. This represents an increase of 18.4% from the prior year.
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.
Tejon Ranch reported $75K in net income in fiscal year 2025. This represents a decrease of 97.2% from the prior year.
Tejon Ranch earned $0.00 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Cash & Balance Sheet
Tejon Ranch held $9.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Tejon Ranch's gross margin was 29.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the prior year.
Tejon Ranch's operating margin was -16.0% in fiscal year 2025, reflecting core business profitability. This is up 5.9 percentage points from the prior year.
Tejon Ranch's net profit margin was 0.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.3 percentage points from the prior year.
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
None of these metrics is reported for fiscal year 2025.
TRC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56.8M | $49.6M+18.4% | $41.9M-6.4% | $44.7M-43.5% | $79.2M | N/A | $37.8M-23.6% | $49.5M+8.6% | $45.6M+29.4% | $35.3M-23.3% | $46.0M-10.1% | $51.1M+0.2% | $51.1M+13.5% | $45.0M-4.4% | $47.1M-25.4% | $63.1M |
| Gross Profit | $18.6M | $14.5M+13.3% | $12.8M-2.0% | $13.0M-58.2% | $31.2M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$515K | -$8.0M+13.5% | -$9.2M-148.7% | -$3.7M-126.9% | $13.7M+5380.4% | -$260K+96.1% | -$6.7M-371.5% | -$1.4M-428.2% | $436K+105.8% | -$7.5M-11.1% | -$6.8M-111.7% | -$3.2M-264.5% | $1.9M+131.9% | $838K-73.2% | $3.1M-85.0% | $20.9M |
| Income Tax | $2.8M | $1.1M+11.5% | $976K-58.0% | $2.3M-68.6% | $7.4M+93.5% | $3.8M+360.9% | $829K-79.2% | $4.0M+201.5% | $1.3M+202.9% | -$1.3M-358.7% | $496K-55.9% | $1.1M-58.3% | $2.7M+29.3% | $2.1M-23.4% | $2.7M-63.0% | $7.4M |
| Net Income | $6.0M | $75K-97.2% | $2.7M-17.6% | $3.3M-79.3% | $15.8M+195.6% | $5.3M+822.7% | -$740K-107.0% | $10.6M+148.6% | $4.3M+336.8% | -$1.8M-324.6% | $800K-72.9% | $3.0M-47.8% | $5.7M+35.8% | $4.2M-6.2% | $4.4M-72.1% | $15.9M |
| EPS (Diluted) | — | $0.00-100.0% | $0.10-16.7% | $0.12-79.7% | $0.59+195.0% | $0.20+766.7% | -$0.03-107.5% | $0.40+150.0% | $0.16+300.0% | -$0.08-300.0% | $0.04-71.4% | $0.14-48.1% | $0.27+35.0% | $0.20-9.1% | $0.22-72.5% | $0.80 |
Not reported in any period shown, so not listed: Cost of Revenue, R&D Expenses, SG&A Expenses, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TRC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $630.5M+3.7% | $608.0M+5.3% | $577.5M+1.9% | $566.8M+3.8% | $546.0M+1.8% | $536.3M-0.6% | $539.4M+2.0% | $529.0M+2.1% | $518.2M+17.9% | $439.5M+1.8% | $431.9M0.0% | $431.9M+26.0% | $342.9M+4.6% | $327.9M0.0% | $327.9M |
| Current Assets | $39.3M-43.4% | $69.4M-13.0% | $79.8M-3.9% | $83.0M+31.9% | $63.0M-8.1% | $68.5M-16.6% | $82.2M-14.8% | $96.5M-7.1% | $103.9M+142.4% | $42.9M-12.3% | $48.9M-24.6% | $64.8M-22.1% | $83.2M-8.3% | $90.8M-12.5% | $103.8M |
| Cash & Equivalents | $9.5M-75.7% | $39.3M+23.1% | $31.9M-18.4% | $39.1M+8.1% | $36.2M-34.6% | $55.3M+104.1% | $27.1M+70.4% | $15.9M-20.9% | $20.1M+1498.3% | $1.3M-34.8% | $1.9M-65.8% | $5.6M-37.6% | $9.0M+25.1% | $7.2M-60.7% | $18.4M |
| Inventory | $3.3M-15.7% | $4.0M+13.7% | $3.5M+3.7% | $3.4M-40.9% | $5.7M+90.7% | $3.0M+7.1% | $2.8M+6.6% | $2.6M+6.0% | $2.5M-19.9% | $3.1M-12.3% | $3.5M-14.2% | $4.1M+16.8% | $3.5M-8.6% | $3.8M+7.0% | $3.6M |
| Accounts Receivable | $9.4M+18.6% | $7.9M-5.2% | $8.4M+87.6% | $4.5M-31.2% | $6.5M+41.0% | $4.6M-53.8% | $9.9M-8.5% | $10.9M+43.0% | $7.6M-13.0% | $8.7M+34.2% | $6.5M-23.5% | $8.5M+19.7% | $7.1M-18.9% | $8.8M+12.0% | $7.8M |
| Total Liabilities | $139.9M+17.5% | $119.0M+26.1% | $94.4M+5.9% | $89.2M-0.4% | $89.5M-1.6% | $91.0M-3.0% | $93.8M-0.6% | $94.4M+3.3% | $91.4M-13.2% | $105.2M+4.6% | $100.6M-6.5% | $107.6M+374.1% | $22.7M+15.8% | $19.6M-9.0% | $21.5M |
| Current Liabilities | $9.5M-43.5% | $16.8M+45.3% | $11.6M-3.9% | $12.0M-22.9% | $15.6M+20.5% | $12.9M-14.5% | $15.1M-8.2% | $16.5M+57.4% | $10.5M-43.9% | $18.7M+81.0% | $10.3M-35.8% | $16.1M+83.3% | $8.8M+21.6% | $7.2M-29.1% | $10.2M |
| Long-Term Debt | N/A | N/A | $0-100.0% | $48.2M0.0% | $48.2M-8.4% | $52.6M-8.5% | $57.5M-7.0% | $61.8M-6.1% | $65.8M-5.8% | $69.9M-4.6% | $73.2M-1.1% | $74.0M+1560.1% | $4.5M+2003.3% | $212K-16.2% | $253K |
| Total Equity | $475.2M+0.3% | $473.6M+1.3% | $467.7M+1.2% | $462.2M+4.8% | $441.1M+2.6% | $430.0M-0.1% | $430.2M+2.6% | $419.3M+5.3% | $398.2M+30.2% | $305.9M+4.9% | $291.6M+2.5% | $284.6M+1.4% | $280.6M+4.5% | $268.6M+3.1% | $260.6M |
| Retained Earnings | $111.7M+0.1% | $111.6M+2.5% | $108.9M+3.1% | $105.6M+17.6% | $89.8M+6.3% | $84.5M-0.9% | $85.2M+14.2% | $74.6M+6.0% | $70.4M-2.2% | $71.9M+0.8% | $71.4M+4.3% | $68.4M+9.0% | $62.8M-4.2% | $65.5M+7.3% | $61.1M |
Not reported in any period shown, so not listed: Goodwill.
TRC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $12.5M | $6.1M-57.2% | $14.3M+4.8% | $13.7M+60.1% | $8.5M+202.9% | $2.8M-81.8% | $15.5M-3.5% | $16.0M+11.8% | $14.4M+46.0% | $9.8M+76.0% | $5.6M-67.1% | $17.0M+28.4% | $13.2M+38.6% | $9.5M-32.3% | $14.1M+48.6% | $9.5M |
| Capital Expenditures | N/A | N/A | $57.2M+168.4% | $21.3M-5.6% | $22.6M+8.3% | $20.9M-6.2% | $22.3M-11.7% | $25.2M+11.7% | $22.6M+4.0% | $21.7M-17.7% | $26.4M-5.9% | $28.0M+13.2% | $24.8M+14.9% | $21.6M+4.3% | $20.7M+51.4% | $13.6M |
| Free Cash Flow | N/A | N/A | -$42.9M-459.4% | -$7.7M+45.5% | -$14.1M+22.1% | -$18.1M-166.5% | -$6.8M+26.1% | -$9.2M-11.6% | -$8.2M+30.8% | -$11.9M+42.9% | -$20.8M-87.7% | -$11.1M+4.1% | -$11.6M+3.9% | -$12.0M-82.8% | -$6.6M-57.9% | -$4.2M |
| Investing Cash Flow | -$24.0M | -$62.3M-142.0% | -$25.7M-83.9% | -$14.0M-640.5% | -$1.9M+87.1% | -$14.7M-174.1% | $19.8M+2288.6% | $828K+106.3% | -$13.2M+80.6% | -$68.2M-566.0% | -$10.2M+19.1% | -$12.7M+86.3% | -$92.6M-1116.6% | -$7.6M+67.3% | -$23.3M-28.1% | -$18.2M |
| Financing Cash Flow | $12.9M | $26.4M+40.6% | $18.8M+373.8% | -$6.9M-55.4% | -$4.4M+27.4% | -$6.1M+13.6% | -$7.0M-24.1% | -$5.7M-6.9% | -$5.3M-106.9% | $77.2M+1838.1% | $4.0M+149.7% | -$8.0M-110.5% | $76.0M+67339.8% | -$113K+94.3% | -$2.0M-139.2% | $5.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
TRC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.2%-1.3pp | 30.5%+1.4pp | 29.1%-10.2pp | 39.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -16.0%+5.9pp | -22.0%-13.7pp | -8.3%-25.6pp | 17.3% | N/A | -17.8%-14.9pp | -2.9%-3.9pp | 1.0%+22.3pp | -21.3%-6.6pp | -14.7%-8.5pp | -6.3%-10.1pp | 3.8%+1.9pp | 1.9%-4.8pp | 6.6%-26.4pp | 33.1% |
| Net Margin | 0.1%-6.3pp | 6.4%-0.9pp | 7.3%-12.7pp | 20.0% | N/A | -2.0%-23.3pp | 21.4%+12.0pp | 9.3%+14.4pp | -5.1%-6.8pp | 1.7%-4.0pp | 5.8%-5.3pp | 11.1%+1.8pp | 9.3%-0.2pp | 9.4%-15.8pp | 25.2% |
| 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%-2.6pp | 2.5%+1.5pp | 1.0%+1.5pp | -0.4%-0.7pp | 0.3%-0.8pp | 1.0%-1.0pp | 2.0%+0.5pp | 1.5%-0.2pp | 1.7%-4.5pp | 6.1% |
| 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%-2.1pp | 2.0%+1.2pp | 0.8%+1.1pp | -0.4%-0.5pp | 0.2%-0.5pp | 0.7%-0.6pp | 1.3%+0.1pp | 1.2%-0.1pp | 1.4%-3.5pp | 4.9% |
| Current Ratio | 4.140.0x | 4.13-2.8x | 6.900.0x | 6.90+2.9x | 4.04-1.3x | 5.30-0.1x | 5.43-0.4x | 5.85-4.1x | 9.92+7.6x | 2.29-2.4x | 4.74+0.7x | 4.03-5.5x | 9.49-3.1x | 12.58+2.4x | 10.21 |
| Debt-to-Equity | 0.290.0x | 0.25+0.3x | 0.00-0.1x | 0.100.0x | 0.110.0x | 0.120.0x | 0.130.0x | 0.150.0x | 0.17-0.1x | 0.230.0x | 0.250.0x | 0.26+0.2x | 0.020.0x | 0.000.0x | 0.00 |
| FCF Margin | N/A | -102.5% | -17.2%+0.6pp | -17.8% | N/A | -17.9%+0.6pp | -18.5%-0.5pp | -18.0%+15.7pp | -33.7%+11.5pp | -45.2%-23.6pp | -21.7%+1.0pp | -22.6%+4.1pp | -26.7%-12.8pp | -14.0%-7.4pp | -6.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where Tejon Ranch Ranks
Frequently Asked Questions
What is Tejon Ranch's annual revenue?
Tejon Ranch (TRC) reported $49.6M in total revenue for fiscal year 2025. This represents a 18.4% 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 grew by 18.4% year-over-year, from $41.9M to $49.6M 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 0.1%.
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 29.2% 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 -16.0% 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 0.1% 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.
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 Altman Z-Score?
Tejon Ranch (TRC) has an Altman Z-Score of 2.25, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tejon Ranch's Piotroski F-Score?
Tejon Ranch (TRC) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported $75K of net income while generating $6.1M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 43 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.