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Tejon Ranch (TRC) Financials

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$17.49 +0.18 (+1.06%)
Closing price 08/22/2025 03:59 PM Eastern
Extended Trading
$17.49 0.00 (-0.02%)
As of 08/22/2025 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Tejon Ranch

Annual Income Statements for Tejon Ranch

This table shows Tejon Ranch's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 16 3.27 2.69
Consolidated Net Income / (Loss)		 16 3.27 2.69
Net Income / (Loss) Continuing Operations		 16 3.27 2.69
Total Pre-Tax Income 		23 5.59 3.66
Total Revenue		 79 45 42
Net Interest Income / (Expense)		 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00
Total Non-Interest Income		 79 45 42
Other Non-Interest Income		 79 45 42
Total Non-Interest Expense		 65 48 51
Other Operating Expenses		 65 48 51
Nonoperating Income / (Expense), net		 9.47 9.29 13
Income Tax Expense		 7.39 2.32 0.98
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -0.00
Basic Earnings per Share		 $0.60 $0.12 $0.10
Weighted Average Basic Shares Outstanding		 26.63M 26.79M 26.86M
Diluted Earnings per Share		 $0.59 $0.12 $0.10
Weighted Average Diluted Shares Outstanding		 26.63M 26.79M 26.86M
Weighted Average Basic & Diluted Shares Outstanding		 26.63M 26.79M 26.86M

Quarterly Income Statements for Tejon Ranch

This table shows Tejon Ranch's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 10 1.98 1.77 0.27 -0.34 1.57 -2.77 0.96 -1.84 6.34
Consolidated Net Income / (Loss)		 10 1.99 1.78 0.26 -0.35 1.57 -1.83 0.96 -3.67 7.23
Net Income / (Loss) Continuing Operations		 -0.82 12 1.29 0.20 -0.38 2.16 -2.77 1.74 -1.84 5.56
Total Pre-Tax Income 		13 3.12 2.79 0.66 1.87 0.27 -10 -0.22 -8.56 23
Total Revenue		 0.00 79 0.00 0.00 0.00 45 15 0.00 22 4.15
Total Non-Interest Income		 0.00 79 0.00 0.00 0.00 45 15 0.00 22 4.15
Total Non-Interest Expense		 0.00 71 0.00 0.00 0.00 48 23 0.00 29 -0.99
Nonoperating Income / (Expense), net		 2.41 4.93 2.31 0.59 1.83 4.56 0.55 0.56 0.39 11
Income Tax Expense		 3.22 1.13 1.01 0.39 2.22 -1.30 -0.94 -1.18 1.83 1.26
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.01 0.00 0.01 -0.00 -0.01 0.00 0.00 -0.00 0.00 -0.00
Basic Earnings per Share		 $0.38 $0.09 $0.07 $0.01 ($0.01) $0.05 ($0.03) $0.04 ($0.07) $0.16
Weighted Average Basic Shares Outstanding		 26.50M 26.63M 26.71M 26.73M 26.73M 26.79M 26.80M 26.81M 26.82M 26.86M
Diluted Earnings per Share		 $0.38 $0.08 $0.07 $0.01 ($0.01) $0.05 ($0.03) $0.04 ($0.07) $0.16
Weighted Average Diluted Shares Outstanding		 26.50M 26.63M 26.71M 26.73M 26.73M 26.79M 26.80M 26.81M 26.82M 26.86M
Weighted Average Basic & Diluted Shares Outstanding		 26.50M 26.63M 26.71M 26.73M 26.73M 26.79M 26.80M 26.81M 26.82M 26.86M

Annual Cash Flow Statements for Tejon Ranch

This table details how cash moves in and out of Tejon Ranch's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 2.22 -7.21 7.36
Net Cash From Operating Activities		 8.53 14 14
Net Cash From Continuing Operating Activities		 8.53 14 14
Net Income / (Loss) Continuing Operations		 16 3.27 2.69
Consolidated Net Income / (Loss)		 16 3.27 2.69
Depreciation Expense		 4.63 4.81 4.89
Amortization Expense		 0.09 -0.69 -0.47
Non-Cash Adjustments to Reconcile Net Income		 -14 11 4.00
Changes in Operating Assets and Liabilities, net		 1.84 -4.61 3.21
Net Cash From Investing Activities		 -1.89 -14 -26
Net Cash From Continuing Investing Activities		 -1.89 -14 -26
Purchase of Property, Leasehold Improvements and Equipment		 -23 -21 -57
Purchase of Investment Securities		 -66 -143 -83
Sale and/or Maturity of Investments		 86 150 115
Net Cash From Financing Activities		 -4.42 -6.87 19
Net Cash From Continuing Financing Activities		 -4.42 -6.87 19
Issuance of Debt		 49 48 19
Repayment of Debt		 -52 -50 0.00
Other Financing Activities, Net		 -1.79 -4.45 -0.21

Quarterly Cash Flow Statements for Tejon Ranch

This table details how cash moves in and out of Tejon Ranch's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 12 8.11 1.26 -13 16 -11 3.65 -2.52 -5.66 12
Net Cash From Operating Activities		 -0.79 6.66 3.41 -2.24 14 -1.10 0.78 -1.80 2.07 13
Net Cash From Continuing Operating Activities		 -0.79 6.66 3.41 -2.24 14 -1.10 0.78 -1.80 2.07 13
Net Income / (Loss) Continuing Operations		 10 1.99 1.78 0.26 -0.35 1.57 -0.91 0.96 -1.84 4.48
Consolidated Net Income / (Loss)		 10 1.99 1.78 0.26 -0.35 1.57 -0.91 0.96 -1.84 4.48
Depreciation Expense		 1.29 1.29 0.99 0.99 1.03 1.80 1.01 0.92 1.22 1.75
Amortization Expense		 0.03 -0.03 -0.07 -0.16 -0.20 -0.25 -0.20 -0.16 -0.07 -0.05
Non-Cash Adjustments to Reconcile Net Income		 -15 3.16 0.69 -0.66 11 0.29 -0.59 -0.49 -1.09 6.18
Changes in Operating Assets and Liabilities, net		 2.86 0.26 0.03 -2.67 2.54 -4.51 1.47 -3.03 3.86 0.91
Net Cash From Investing Activities		 13 3.49 0.88 -10 2.68 -7.20 3.07 -4.72 -16 -8.37
Net Cash From Continuing Investing Activities		 13 3.49 0.88 -10 2.68 -7.20 3.07 -4.72 -16 -8.37
Purchase of Property, Leasehold Improvements and Equipment		 -5.40 -4.92 -5.04 -5.15 -3.33 -7.82 -8.11 -14 -19 -16
Purchase of Investment Securities		 -12 -16 -33 -31 -33 -46 -44 -22 -5.69 -12
Sale and/or Maturity of Investments		 30 24 39 26 39 46 55 31 8.87 20
Net Cash From Financing Activities		 -0.31 -2.05 -3.03 -0.44 -0.45 -2.95 -0.21 4.00 8.00 7.00
Net Cash From Continuing Financing Activities		 -0.31 -2.05 -3.03 -0.44 -0.45 -2.95 -0.21 4.00 8.00 7.00
Issuance of Debt		 - - - - - 48 - - 8.00 7.00

Annual Balance Sheets for Tejon Ranch

This table presents Tejon Ranch's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 567 578 608
Cash and Due from Banks		 39 32 39
Trading Account Securities		 33 33 14
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 374 391 434
Other Assets		 120 122 120
Total Liabilities & Shareholders' Equity		 567 578 608
Total Liabilities		 89 94 119
Short-Term Debt		 6.90 54 76
Accrued Interest Payable		 3.60 3.21 5.55
Other Short-Term Payables		 1.53 1.89 2.16
Other Long-Term Liabilities		 29 35 35
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 478 483 489
Total Preferred & Common Equity		 462 468 474
Total Common Equity		 462 468 474
Common Stock		 359 359 362
Retained Earnings		 106 109 112
Accumulated Other Comprehensive Income / (Loss)		 -2.03 -0.17 0.09
Noncontrolling Interest		 15 15 15

Quarterly Balance Sheets for Tejon Ranch

This table presents Tejon Ranch's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 562 572 573 580 582 591 598
Cash and Due from Banks		 30 40 27 43 36 33 27
Trading Account Securities		 31 35 40 29 25 17 14
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 379 378 382 386 397 414 431
Other Assets		 121 118 124 122 124 128 126
Total Liabilities & Shareholders' Equity		 562 572 573 580 582 591 598
Total Liabilities		 86 95 94 99 99 106 114
Short-Term Debt		 5.90 6.97 7.18 8.24 58 65 71
Accrued Interest Payable		 5.26 3.82 3.30 7.59 3.19 3.87 6.57
Other Short-Term Payables		 2.07 2.31 1.88 2.33 2.42 1.68 1.72
Other Long-Term Liabilities		 25 34 34 34 36 36 35
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 476 477 479 481 483 485 484
Total Preferred & Common Equity		 460 462 464 466 467 469 468
Total Common Equity		 460 462 464 466 467 469 468
Common Stock		 359 357 358 359 360 360 361
Retained Earnings		 104 107 108 107 108 109 107
Accumulated Other Comprehensive Income / (Loss)		 -2.83 -2.53 -1.77 -0.48 -0.18 -0.18 -0.14
Noncontrolling Interest		 15 15 15 15 15 15 15

Annual Metrics And Ratios for Tejon Ranch

This table displays calculated financial ratios and metrics derived from Tejon Ranch's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 0.00% -43.52% -6.38%
EBITDA Growth		 292.01% -97.74% -1,250.00%
EBIT Growth		 0.00% -126.94% -148.66%
NOPAT Growth		 6,271.45% -123.10% -212.22%
Net Income Growth		 195.96% -79.35% -17.67%
EPS Growth		 195.00% -79.66% -16.67%
Operating Cash Flow Growth		 202.95% 60.06% 4.83%
Free Cash Flow Firm Growth		 -16.38% 27.11% -388.72%
Invested Capital Growth		 3.69% 0.91% 5.11%
Revenue Q/Q Growth		 353.18% -43.52% -49.21%
EBITDA Q/Q Growth		 147.91% -96.63% 65.26%
EBIT Q/Q Growth		 131.80% -143.43% 49.01%
NOPAT Q/Q Growth		 3.71% -304.04% 61.01%
Net Income Q/Q Growth		 -7.97% -11.33% 190.32%
EPS Q/Q Growth		 -6.35% -20.00% 1,100.00%
Operating Cash Flow Q/Q Growth		 29.26% -36.23% 28,728.00%
Free Cash Flow Firm Q/Q Growth		 18.92% -7.56% 5.41%
Invested Capital Q/Q Growth		 0.49% 0.28% 1.82%
Profitability Metrics		 - - -
EBITDA Margin		 23.28% 0.93% -11.42%
EBIT Margin		 17.33% -8.27% -21.96%
Profit (Net Income) Margin		 19.96% 7.30% 6.42%
Tax Burden Percent		 68.14% 58.43% 73.36%
Interest Burden Percent		 169.01% -151.07% -39.83%
Effective Tax Rate		 31.86% 41.57% 26.64%
Return on Invested Capital (ROIC)		 1.79% -0.40% -1.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.29% 9.51% 13.25%
Return on Net Nonoperating Assets (RNNOA)		 1.60% 1.08% 1.78%
Return on Equity (ROE)		 3.39% 0.68% 0.55%
Cash Return on Invested Capital (CROIC)		 -1.84% -1.31% -6.21%
Operating Return on Assets (OROA)		 2.47% -0.65% -1.55%
Return on Assets (ROA)		 2.84% 0.57% 0.45%
Return on Common Equity (ROCE)		 3.27% 0.66% 0.54%
Return on Equity Simple (ROE_SIMPLE)		 3.42% 0.70% 0.57%
Net Operating Profit after Tax (NOPAT)		 9.35 -2.16 -6.75
NOPAT Margin		 11.81% -4.83% -16.11%
Net Nonoperating Expense Percent (NNEP)		 -11.50% -9.92% -14.47%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 82.67% 108.27% 121.96%
Earnings before Interest and Taxes (EBIT)		 14 -3.70 -9.20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 18 0.42 -4.78
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.08 0.98 0.90
Price to Tangible Book Value (P/TBV)		 1.08 0.98 0.90
Price to Revenue (P/Rev)		 6.30 10.28 10.18
Price to Earnings (P/E)		 31.58 140.84 158.54
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 3.17% 0.71% 0.63%
Enterprise Value to Invested Capital (EV/IC)		 1.00 0.93 0.85
Enterprise Value to Revenue (EV/Rev)		 6.70 11.12 11.43
Enterprise Value to EBITDA (EV/EBITDA)		 28.77 1,196.36 0.00
Enterprise Value to EBIT (EV/EBIT)		 38.64 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 56.72 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 62.19 36.45 33.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.12 0.11 0.16
Long-Term Debt to Equity		 0.10 0.00 0.00
Financial Leverage		 0.12 0.11 0.13
Leverage Ratio		 1.19 1.19 1.22
Compound Leverage Factor		 2.01 -1.80 -0.49
Debt to Total Capital		 10.34% 10.12% 13.46%
Short-Term Debt to Total Capital		 1.29% 10.12% 13.46%
Long-Term Debt to Total Capital		 9.04% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.88% 2.86% 2.72%
Common Equity to Total Capital		 86.78% 87.02% 83.82%
Debt to EBITDA		 2.99 130.77 -15.89
Net Debt to EBITDA		 0.86 54.07 -7.68
Long-Term Debt to EBITDA		 2.61 0.00 0.00
Debt to NOPAT		 5.89 -25.17 -11.27
Net Debt to NOPAT		 1.70 -10.41 -5.45
Long-Term Debt to NOPAT		 5.15 0.00 0.00
Noncontrolling Interest Sharing Ratio		 3.29% 3.20% 3.16%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -9.61 -7.01 -34
Operating Cash Flow to CapEx		 37.74% 64.02% 25.01%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.14 0.08 0.07
Fixed Asset Turnover		 0.21 0.12 0.10
Capital & Investment Metrics		 - - -
Invested Capital		 533 537 565
Invested Capital Turnover		 0.15 0.08 0.08
Increase / (Decrease) in Invested Capital		 19 4.84 27
Enterprise Value (EV)		 531 498 479
Market Capitalization		 499 460 426
Book Value per Share		 $17.44 $17.50 $17.66
Tangible Book Value per Share		 $17.44 $17.50 $17.66
Total Capital		 533 537 565
Total Debt		 55 54 76
Total Long-Term Debt		 48 0.00 0.00
Net Debt		 16 22 37
Capital Expenditures (CapEx)		 23 21 57
Net Nonoperating Expense (NNE)		 -6.46 -5.43 -9.44
Net Nonoperating Obligations (NNO)		 55 54 76
Total Depreciation and Amortization (D&A)		 4.72 4.12 4.41
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.60 $0.12 $0.10
Adjusted Weighted Average Basic Shares Outstanding		 26.63M 26.79M 26.86M
Adjusted Diluted Earnings per Share		 $0.59 $0.12 $0.10
Adjusted Weighted Average Diluted Shares Outstanding		 26.63M 26.79M 26.86M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.63M 26.79M 26.86M
Normalized Net Operating Profit after Tax (NOPAT)		 9.35 -2.16 -6.75
Normalized NOPAT Margin		 11.81% -4.83% -16.11%
Pre Tax Income Margin		 29.29% 12.49% 8.75%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Tejon Ranch

This table displays calculated financial ratios and metrics derived from Tejon Ranch's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -100.00% 353.18% 0.00% 0.00% 0.00% -43.52% 0.00% 0.00% 0.00% -90.73%
EBITDA Growth		 -91.29% 120.72% -85.30% -26.71% -37.95% -121.95% -808.21% -7.78% -817.60% 419.02%
EBIT Growth		 -100.00% 117.60% -100.00% 0.00% 0.00% -143.43% 0.00% 0.00% 0.00% 238.98%
NOPAT Growth		 1,084.73% -8.87% -89.86% 105.98% -100.08% -2,037.74% -2,518.90% -2,089.59% -91,072.83% 142.90%
Net Income Growth		 4,401.33% -40.83% -58.74% 139.88% -103.41% -21.01% -202.70% 262.12% -958.21% 361.22%
EPS Growth		 3,700.00% -33.33% -56.25% 133.33% -102.63% -37.50% -142.86% 300.00% -600.00% 220.00%
Operating Cash Flow Growth		 3.78% 40.81% -57.25% 57.87% 1,819.11% -116.43% -77.23% 19.65% -84.75% 1,311.78%
Free Cash Flow Firm Growth		 -252.24% -119.47% -70.10% -22.68% 52.23% -46.98% -27.00% -19.29% -320.30% 42.93%
Invested Capital Growth		 4.10% 3.69% 2.52% 2.71% 1.13% 0.91% 1.63% 3.04% 3.52% 5.11%
Revenue Q/Q Growth		 0.00% 0.00% -100.00% 0.00% 0.00% 0.00% -65.36% -100.00% 0.00% -81.34%
EBITDA Q/Q Growth		 18.25% 635.99% -90.65% -9.96% 0.12% -360.32% -201.77% 111.73% -879.05% 215.73%
EBIT Q/Q Growth		 0.00% 0.00% -100.00% 0.00% 0.00% 0.00% -96.89% 100.00% 0.00% 172.86%
NOPAT Q/Q Growth		 1,920.20% -113.86% 126.77% -91.15% -125.08% -359,717.09% 69.71% 92.72% -1,049.17% 269.29%
Net Income Q/Q Growth		 1,636.71% -80.49% -10.33% -85.17% -231.44% 551.87% -216.58% 152.30% -484.10% 296.95%
EPS Q/Q Growth		 1,366.67% -78.95% -12.50% -85.71% -200.00% 600.00% -160.00% 233.33% -275.00% 328.57%
Operating Cash Flow Q/Q Growth		 85.17% 943.42% -48.78% -165.75% 705.21% -108.06% 170.96% -332.05% 214.86% 540.71%
Free Cash Flow Firm Q/Q Growth		 -9.21% -60.62% 36.70% -10.48% 57.47% -394.16% 45.30% -3.77% -49.86% 32.90%
Invested Capital Q/Q Growth		 2.05% 0.49% -0.17% 0.34% 0.47% 0.28% 0.54% 1.73% 0.94% 1.82%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 0.00% 12.34% 0.00% 0.00% 0.00% -4.79% -41.77% 0.00% -26.59% 164.93%
EBIT Margin		 0.00% 10.75% 0.00% 0.00% 0.00% -8.27% -47.00% 0.00% -31.73% 123.91%
Profit (Net Income) Margin		 0.00% 2.51% 0.00% 0.00% 0.00% 3.50% -11.80% 0.00% -16.51% 174.31%
Tax Burden Percent		 75.95% 63.70% 63.73% 40.31% -18.58% 576.47% 18.00% -434.55% 42.89% 31.99%
Interest Burden Percent		 0.00% 36.59% 0.00% 0.00% 0.00% -7.35% 139.48% 0.00% 121.34% 439.68%
Effective Tax Rate		 24.05% 36.30% 36.27% 59.69% 118.58% -476.47% 0.00% 0.00% 0.00% 5.58%
Return on Invested Capital (ROIC)		 0.00% -0.22% 0.00% 0.00% 0.00% -4.62% -5.43% 0.00% -4.26% 19.43%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 5.38% 0.00% 0.00% 0.00% 43.43% 4.65% 0.00% -0.15% 14.25%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.65% 0.00% 0.00% 0.00% 4.95% 0.54% 0.00% -0.02% 1.91%
Return on Equity (ROE)		 3.71% 0.43% 0.00% 0.00% 0.00% 0.33% -4.89% 0.00% -4.28% 21.34%
Cash Return on Invested Capital (CROIC)		 -2.28% -1.84% -1.26% -1.36% -1.22% -1.31% -3.56% -5.03% -6.64% -6.21%
Operating Return on Assets (OROA)		 0.00% 1.53% 0.00% 0.00% 0.00% -0.65% -4.91% 0.00% -4.44% 8.76%
Return on Assets (ROA)		 0.00% 0.36% 0.00% 0.00% 0.00% 0.27% -1.23% 0.00% -2.31% 12.32%
Return on Common Equity (ROCE)		 3.58% 0.41% 0.00% 0.00% 0.00% 0.32% -4.73% 0.00% -4.14% 20.67%
Return on Equity Simple (ROE_SIMPLE)		 3.73% 0.00% 2.88% 3.06% 0.79% 0.00% -0.07% 0.07% -0.64% 0.00%
Net Operating Profit after Tax (NOPAT)		 8.35 -1.16 0.31 0.03 -0.01 -25 -7.49 -0.55 -6.27 11
NOPAT Margin		 0.00% -1.46% 0.00% 0.00% 0.00% -55.28% -48.35% 0.00% -28.18% 255.69%
Net Nonoperating Expense Percent (NNEP)		 -3.26% -5.60% -2.66% -0.43% 0.62% -48.05% -10.08% -2.51% -4.11% 5.18%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 89.25% 0.00% 0.00% 0.00% 108.27% 147.00% 0.00% 131.73% -23.91%
Earnings before Interest and Taxes (EBIT)		 0.00 8.52 0.00 0.00 0.00 -3.70 -7.28 0.00 -7.06 5.14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1.33 9.77 0.91 0.82 0.82 -2.15 -6.47 0.76 -5.91 6.84
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.83 1.08 1.05 0.99 0.93 0.98 0.88 0.97 1.00 0.90
Price to Tangible Book Value (P/TBV)		 0.83 1.08 1.05 0.99 0.93 0.98 0.88 0.97 1.00 0.90
Price to Revenue (P/Rev)		 0.00 6.30 6.14 5.80 5.47 10.28 6.85 7.59 5.71 10.18
Price to Earnings (P/E)		 22.20 31.58 36.65 32.35 117.67 140.84 0.00 0.00 0.00 158.54
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.51% 3.17% 2.73% 3.09% 0.85% 0.71% 0.00% 0.00% 0.00% 0.63%
Enterprise Value to Invested Capital (EV/IC)		 0.79 1.00 0.97 0.94 0.86 0.93 0.83 0.92 0.95 0.85
Enterprise Value to Revenue (EV/Rev)		 0.00 6.70 6.52 6.34 5.82 11.12 7.48 8.38 6.42 11.43
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 28.77 39.28 39.11 37.35 1,196.36 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 38.64 60.60 58.96 54.10 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 46.68 56.72 80.48 72.56 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 63.80 62.19 130.34 71.31 21.52 36.45 40.87 44.04 0.00 33.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.11 0.12 0.11 0.11 0.11 0.11 0.12 0.13 0.15 0.16
Long-Term Debt to Equity		 0.10 0.10 0.10 0.10 0.10 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.12 0.12 0.12 0.12 0.11 0.11 0.12 0.12 0.13 0.13
Leverage Ratio		 1.19 1.19 1.20 1.19 1.19 1.19 1.20 1.21 1.22 1.22
Compound Leverage Factor		 0.00 0.44 0.00 0.00 0.00 -0.09 1.68 0.00 1.48 5.36
Debt to Total Capital		 10.28% 10.34% 10.28% 10.20% 10.27% 10.12% 10.68% 11.86% 12.84% 13.46%
Short-Term Debt to Total Capital		 1.11% 1.29% 1.31% 1.35% 1.54% 10.12% 10.68% 11.86% 12.84% 13.46%
Long-Term Debt to Total Capital		 9.17% 9.04% 8.97% 8.86% 8.73% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.90% 2.88% 2.89% 2.88% 2.87% 2.86% 2.84% 2.79% 2.77% 2.72%
Common Equity to Total Capital		 86.82% 86.78% 86.83% 86.92% 86.87% 87.02% 86.48% 85.35% 84.40% 83.82%
Debt to EBITDA		 -1.42 2.99 4.16 4.24 4.46 130.77 -8.28 -9.26 -5.17 -15.89
Net Debt to EBITDA		 -0.63 0.86 1.09 2.11 0.96 54.07 -3.18 -4.57 -3.18 -7.68
Long-Term Debt to EBITDA		 -1.26 2.61 3.63 3.68 3.79 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 6.04 5.89 8.53 7.87 -102.88 -25.17 -5.54 -5.92 -4.12 -11.27
Net Debt to NOPAT		 2.68 1.70 2.23 3.92 -22.21 -10.41 -2.12 -2.92 -2.53 -5.45
Long-Term Debt to NOPAT		 5.39 5.15 7.44 6.83 -87.48 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 3.32% 3.29% 0.00% 0.00% 0.00% 3.20% 3.20% 0.00% 3.18% 3.16%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -13 -20 -13 -14 -5.98 -30 -16 -17 -25 -17
Operating Cash Flow to CapEx		 -14.63% 135.56% 67.76% -43.56% 408.45% -14.01% 9.58% -12.91% 10.95% 81.71%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.14 0.14 0.14 0.14 0.08 0.10 0.10 0.14 0.07
Fixed Asset Turnover		 0.00 0.21 0.21 0.21 0.21 0.12 0.16 0.15 0.20 0.10
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 530 533 532 534 536 537 540 550 555 565
Invested Capital Turnover		 0.00 0.15 0.15 0.15 0.15 0.08 0.11 0.11 0.15 0.08
Increase / (Decrease) in Invested Capital		 21 19 13 14 5.98 4.84 8.68 16 19 27
Enterprise Value (EV)		 421 531 516 502 461 498 450 505 530 479
Market Capitalization		 381 499 486 460 434 460 413 457 471 426
Book Value per Share		 $17.37 $17.44 $17.34 $17.36 $17.42 $17.50 $17.45 $17.51 $17.47 $17.66
Tangible Book Value per Share		 $17.37 $17.44 $17.34 $17.36 $17.42 $17.50 $17.45 $17.51 $17.47 $17.66
Total Capital		 530 533 532 534 536 537 540 550 555 565
Total Debt		 55 55 55 54 55 54 58 65 71 76
Total Long-Term Debt		 49 48 48 47 47 0.00 0.00 0.00 0.00 0.00
Net Debt		 24 16 14 27 12 22 22 32 44 37
Capital Expenditures (CapEx)		 5.40 4.92 5.04 5.15 3.33 7.82 8.11 14 19 16
Net Nonoperating Expense (NNE)		 -1.83 -3.14 -1.47 -0.24 0.34 -26 -5.66 -1.50 -2.59 3.38
Net Nonoperating Obligations (NNO)		 55 55 55 54 55 54 58 65 71 76
Total Depreciation and Amortization (D&A)		 1.33 1.26 0.91 0.82 0.82 1.55 0.81 0.76 1.14 1.70
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.38 $0.09 $0.07 $0.01 ($0.01) $0.05 ($0.03) $0.04 ($0.07) $0.16
Adjusted Weighted Average Basic Shares Outstanding		 26.50M 26.63M 26.71M 26.73M 26.73M 26.79M 26.80M 26.81M 26.82M 26.86M
Adjusted Diluted Earnings per Share		 $0.38 $0.08 $0.07 $0.01 ($0.01) $0.05 ($0.03) $0.04 ($0.07) $0.16
Adjusted Weighted Average Diluted Shares Outstanding		 26.50M 26.63M 26.71M 26.73M 26.73M 26.79M 26.80M 26.81M 26.82M 26.86M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 26.50M 26.63M 26.71M 26.73M 26.73M 26.79M 26.80M 26.81M 26.82M 26.86M
Normalized Net Operating Profit after Tax (NOPAT)		 8.35 -1.16 0.31 0.05 0.03 -3.00 -7.49 -0.55 -6.27 11
Normalized NOPAT Margin		 0.00% -1.46% 0.00% 0.00% 0.00% -6.71% -48.35% 0.00% -28.18% 255.69%
Pre Tax Income Margin		 0.00% 3.93% 0.00% 0.00% 0.00% 0.61% -65.55% 0.00% -38.50% 544.81%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Key Financial Trends

Tejon Ranch (NYSE: TRC) has experienced notable fluctuations in its financial performance over the past four years, as evidenced by the quarterly financial data from income statements, cash flow statements, and balance sheets.

Positive Developments:

  • Q4 2024 showed a significant rebound in net income attributable to common shareholders at $6.34 million, reversing the losses seen in Q3 2024 (-$1.84 million).
  • Consolidated net cash from operating activities was strong in Q4 2024 at $13.27 million, indicating solid cash generation from core operations.
  • Depreciation is a consistent non-cash expense adding back value across quarters, with $1.75 million in Q4 2024 helping to reconcile net income to cash flow.
  • Investing activities in Q4 2024, despite net cash outflows ($8.37 million), saw healthy sale/maturity of investments ($19.84 million), showing liquidity management.
  • Balance sheet shows steady growth in total assets from $572.1 million in Q1 2023 to $598.0 million by Q3 2024, reflecting asset base expansion.
  • Total common equity has shown moderate increase from approximately $461.7 million in early 2023 to $468.3 million by Q3 2024, supporting equity strength.
  • Issuance of debt in Q3 and Q4 2024 ($7 million and $8 million respectively) strategically enhanced financing capacity.

Neutral Trends:

  • Weighted average shares outstanding have stayed relatively constant around 26.8 million shares, maintaining stable shareholder dilution.
  • Non-operating income fluctuates, with a notable $11.37 million in Q4 2024 but only $390,000 in Q3 2024, contributing to income variability but unclear sustainability.
  • Cash and equivalents show oscillations, with a decrease in some quarters but ending Q3 2024 at $27.37 million, reflecting operational liquidity.

Negative Factors:

  • Q3 2024 reported a consolidated net loss of $3.67 million, continuing a recent streak of losses in the earlier 2024 quarters, indicating recent operational challenges.
  • Total non-interest expenses are quite elevated in some quarters, e.g., $29.3 million in Q3 2024, dramatically exceeding revenues and pressuring profitability.
  • Despite good cash flow from operations, significant capital expenditures and purchases of investment securities have led to negative net cash flow from investing activities in nearly all quarters.
  • Fluctuating and sometimes negative pre-tax income and net income in the first three quarters of 2024 contrast with better results in Q4, showing volatility.
  • The total liabilities increased from $95.1 million in Q1 2023 to over $114.4 million by Q3 2024, applying leverage pressure on the company.

Summary: Tejon Ranch has demonstrated an ability to generate cash from operations and maintain a strong asset and equity base, highlighted by a resurgence in net income in Q4 2024 after suffering losses through the earlier quarters of 2024. However, the company faces challenges from high expenses relative to revenue, volatility in operational results, and significant investing outflows. The use of debt financing and steady asset growth supports its development, but investors should monitor expense control and earnings consistency in the upcoming periods.

08/24/25 09:41 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Tejon Ranch's Financials

When does Tejon Ranch's financial year end?

According to the most recent income statement we have on file, Tejon Ranch's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tejon Ranch's net income changed over the last 2 years?

Tejon Ranch's net income appears to be on a downward trend, with a most recent value of $2.69 million in 2024, falling from $15.81 million in 2022. The previous period was $3.27 million in 2023.

How has Tejon Ranch's revenue changed over the last 2 years?

Over the last 2 years, Tejon Ranch's total revenue changed from $79.22 million in 2022 to $41.89 million in 2024, a change of -47.1%.

How much debt does Tejon Ranch have?

Tejon Ranch's total liabilities were at $119.04 million at the end of 2024, a 26.1% increase from 2023, and a 33.5% increase since 2022.

How much cash does Tejon Ranch have?

In the past 2 years, Tejon Ranch's cash and equivalents has ranged from $31.91 million in 2023 to $39.27 million in 2024, and is currently $39.27 million as of their latest financial filing in 2024.

How has Tejon Ranch's book value per share changed over the last 2 years?

Over the last 2 years, Tejon Ranch's book value per share changed from 17.44 in 2022 to 17.66 in 2024, a change of 1.2%.


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This page (NYSE:TRC) was last updated on 8/24/2025 by MarketBeat.com Staff
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