TRC (Tejon Ranch Co.) Stock Financials & Earnings | Market Cap Arena

TRC (Tejon Ranch Co.) Stock Financials & Earnings | Market Cap Arena

TRCTejon Ranch Co.

Mkt Cap$482M

Industrials·Conglomerates·🇺🇸 United States·NYSE

Revenue (TTM)$46M

Net Income (TTM)$3M

EPS (TTM)$0.12

Free Cash Flow (TTM)-$11M

Gross Margin13.3%

Op. Margin-17.5%

Net Margin6.4%

FCF Margin-24.4%

P/S Ratio (TTM)10.4x

P/E Ratio (TTM)162.0x

YoY Rev Growth+15.7%

Employees—

Earnings Reports

Next: Q4 2025 · Mar 19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$17M	$3M	-$153K
Q1 23	$12M	$3M	$486K
Q2 23	$6M	$352K	-$2M
Q3 23	$10M	$2M	$37K
Q4 23	$16M	$696K	-$2M
Q1 24	$7M	-$1M	-$4M
Q2 24	$6M	-$191K	-$4M
Q3 24	$11M	-$847K	-$4M
Q4 24	$18M	$4M	$2M
Q1 25	$8M	$70K	-$4M
Q2 25	$8M	$845K	-$4M
Q3 25	$12M	$844K	-$2M

Valuation

Quarter	P/S	P/E
Q4 22	6.1x	30.5x
Q1 23	6.8x	36.3x
Q2 23	7.2x	33.9x
Q3 23	10.5x	130.9x
Q4 23	10.8x	147.7x
Q1 24	12.1x	835.7x
Q2 24	12.2x	380.6x
Q3 24	12.0x	—
Q4 24	11.5x	179.3x
Q1 25	11.3x	225.3x
Q2 25	10.6x	—
Q3 25	10.4x	162.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$7M	$2M
Q1 23	$3M	-$6M
Q2 23	-$2M	-$8M
Q3 23	$14M	$9M
Q4 23	-$1M	-$9M
Q1 24	$777K	-$13M
Q2 24	-$2M	-$16M
Q3 24	$2M	-$16M
Q4 24	$13M	-$7M
Q1 25	-$1M	-$28M
Q2 25	-$381K	$26M
Q3 25	-$2M	-$2M

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$5M
Q1 23	$9M
Q2 23	$5M
Q3 23	$5M
Q4 23	$8M
Q1 24	$13M
Q2 24	$14M
Q3 24	$18M
Q4 24	$20M
Q1 25	$27M
Q2 25	$27M
Q3 25	$0

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+34.7%	+30.7%
Q1 23	-41.7%	-25.5%
Q2 23	-34.2%	-31.2%
Q3 23	-67.6%	-50.3%
Q4 23	-7.4%	+5.2%
Q1 24	-39.6%	-3.3%
Q2 24	-6.7%	+15.9%
Q3 24	+6.3%	+44.0%
Q4 24	+10.9%	-14.6%
Q1 25	+10.8%	+8.6%
Q2 25	+46.0%	+33.8%
Q3 25	+10.3%	-4.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$789K	4.5%
Q1 23	$621K	5.1%
Q2 23	$884K	14.5%
Q3 23	$864K	8.5%
Q4 23	$883K	5.5%
Q1 24	$513K	6.9%
Q2 24	$2M	32.4%
Q3 24	$2M	16.0%
Q4 24	$96K	0.5%
Q1 25	$666K	8.1%
Q2 25	$624K	7.5%
Q3 25	-$133K	-1.1%

OpEx Breakdown

Quarter	G&A
Q4 22	$3M
Q1 23	$2M
Q2 23	$2M
Q3 23	$2M
Q3 25	$3M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$39M	$33M	$73M
Q1 23	$40M	$35M	$76M
Q2 23	$27M	$40M	$67M
Q3 23	$43M	$29M	$73M
Q4 23	$32M	$33M	$64M
Q1 24	$36M	$25M	$61M
Q2 24	$33M	$17M	$50M
Q3 24	$27M	$14M	$41M
Q4 24	$39M	$14M	$54M
Q1 25	$12M	$21M	$33M
Q2 25	$3M	$18M	$20M
Q3 25	$4M	$17M	$21M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	27M	+0.7%
Q1 23	27M	-0.3%
Q2 23	27M	+0.6%
Q3 23	27M	-0.0%
Q4 23	27M	-0.2%
Q1 24	27M	+0.2%
Q2 24	27M	+0.2%
Q3 24	27M	+0.0%
Q4 24	27M	-0.1%
Q1 25	27M	+0.1%
Q2 25	27M	+0.0%
Q3 25	27M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	$315K	144
FY 14	$326K	157
FY 15	$330K	155
FY 16	$300K	152
FY 17	$272K	131
FY 18	$374K	122
FY 19	$467K	106
FY 20	$445K	85
FY 21	$618K	90
FY 22	$1M	78
FY 23	$514K	87
FY 24	$511K	82