TRC
Tejon Ranch Co.
TRC's fundamentals are strong: revenue grew 55% and its operating margin went from −26% to 5.8%. At 62x earnings, it's trading below its usual 94x.
TRC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Strong | |
| Weak |
TRC's profitability and cash flow are currently healthy, but its balance sheet is weak. There isn't enough data to rate its revenue.
TRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 34x | $9.60 | -44% |
| Current | 62x | $17.29 | — |
| Fair | 93x | $25.99 | +50% |
| Expensive | 297x | $83.06 | +380% |
Historical ranges are pointers, not guarantees.
TRC's PE is in its fair range at 62x.
TRC Forward outlook
There aren't enough analyst estimates for TRC to show an outlook.
TRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.28 | +155% |
| Q2 2026 | $0.22 | +$0.24 |
| Q1 2026 | $0.06 | -25% |
| Q4 2025 | $0.00 | -100% |
| Q3 2025 | $0.11 | +$0.12 |
| Q2 2025 | -$0.02 | -140% |
| Q1 2025 | $0.08 | +300% |
| Q4 2024 | $0.10 | -17% |
TRC's earnings per share have fallen from their peak: $0.28 over the past year, against $0.63 in late 2022.
TRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $22.6M | +89% |
| Q2 2026 | $14.3M | +72% |
| Q1 2026 | $9.5M | +16% |
| Q3 2021 | $15M | +11% |
| Q2 2021 | $16.6M | +248% |
| Q1 2021 | $11.1M | +7.2% |
| Q4 2020 | $9.2M | -54% |
TRC's revenue has grown year over year for four quarters in a row: $23M last quarter, up 89% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +27 points |
| Q2 2026 | 2.4% | +51 points |
| Q1 2026 | -12% | +39 points |
| Q4 2025 | 11% | N/A |
| Q3 2025 | -17% | N/A |
| Q2 2025 | -49% | N/A |
| Q1 2025 | -51% | N/A |
| Q3 2021 | -8.1% | -2 points |
TRC's operating margin was 10% last quarter, up 27 points from the same quarter a year ago.
TRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.5M | +$16.1M |
| Q2 2026 | -$210K | +$19.8M |
| Q1 2026 | $1.4M | +$20.3M |
| Q4 2025 | $53.1M | +$56.1M |
| Q3 2025 | -$14.6M | +$2.2M |
| Q2 2025 | -$20M | -$4.2M |
| Q1 2025 | -$18.9M | -$11.6M |
| Q4 2024 | -$3M | +$5.9M |
TRC's free cash flow has turned positive after six years mostly in the red: $56M over the past year.
TRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +2.4K shares |
| 1 year | +0.5% | +132K shares |
| 3 years | +1% | +274K shares |
| 5 years | +2.1% | +557K shares |
| Available history | +3.5% | +923K shares |
TRC has 27M diluted shares, about the same as a year ago.
TRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 8.3x | High |
| Q2 2026 | 14.7x | High |
| Q1 2026 | 58.4x | High |
| Q4 2023 | -28.8x | Net Cash |
| Q3 2023 | 2.0x | Healthy |
| Q2 2023 | 1.6x | Healthy |
| Q1 2023 | 0.7x | Very low |
| Q4 2022 | 0.6x | Very low |
TRC's net debt is about 8.3 years of its operating earnings (EBITDA), up from 2.0 years a year ago.
TRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 60.8 | Neutral |
TRC's weekly RSI is 53 (neutral) and its Stochastic is 61 (neutral).
TRC PE vs Industrials Sector
| Metric | TRC | Sector median | Relative |
|---|---|---|---|
| PE | 62x | 24x | 157% above |
| PE % | 41 | 58 | 17 pts below |
TRC is trading at 62x earnings, a 157% premium to the Industrials sector's median of 24x.
TRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.6 | 4.2% above |
| 20 week MA | $16.9 | 2.6% above |
| 50 week MA | $17.5 | 1.3% below |
| 100 week MA | $17.0 | 1.8% above |
| 200 week MA | $17.0 | 1.5% above |
TRC's trend is mixed: it's above four of its five weekly moving averages, and 1.5% above its 200-week average.
TRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.2 | $15.2 | -6.4% |
| 2021 | $15.2 | $18.5 | +22% |
| 2022 | $18.5 | $18.8 | +1.4% |
| 2023 | $18.8 | $17.2 | -8.3% |
| 2024 | $17.2 | $15.7 | -8.8% |
| 2025 | $15.7 | $15.9 | +1.2% |
| 2026 YTD | $15.9 | $17.3 | +8.9% |
TRC has finished lower in three of the last six years. It's up 8.9% so far in 2026.