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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 exhibited an interesting financial trajectory over the past several quarters and years. Below is an analysis of key trends and notable changes observed in the company's quarterly income statements, cash flow statements, and balance sheets from 2022 through the end of 2024.
- Q4 2024 saw a robust rebound to a consolidated net income of $7.23 million, markedly improved from the loss in Q3 2024 (-$3.67 million) and from earlier quarters in 2024.
- The company reported strong net cash from continuing operating activities in Q4 2024 at approximately $13.3 million, reflecting improved core business cash flow.
- Tejon Ranch increased its debt issuance in Q4 2024 by $7 million, likely used to fund growth initiatives or investments.
- Total assets have steadily increased, reaching approximately $598 million by Q3 2024, supported by significant investments in premises and equipment.
- Investments purchases continue alongside sales (e.g., Q4 2024 investing activities net to an outflow of $8.37 million) indicating strategic asset management.
- Non-interest income, which represents the bulk of total revenue, has shown large fluctuations — for instance, it peaked in Q4 2022 at $79.2 million, but fell sharply to $4.15 million in Q4 2024, suggesting variability in non-core income sources.
- Non-interest expenses have also varied widely, from a low $992,000 in Q4 2024 to much higher levels in prior years, affecting profitability volatility.
- The weighted average shares outstanding have remained fairly constant around 26.7 million, indicating minimal dilution over the period.
- Despite quarterly income fluctuations, total common equity grew modestly, totaling approximately $468 million in Q3 2024, showing stable shareholder net asset base.
- Tejon Ranch faced losses or near flat earnings in multiple quarters throughout 2023 and early 2024, including a net loss in Q3 2024 common shareholders’ income of $1.84 million.
- Negative net cash from operating activities was noted in several quarters in 2023 and early 2024 (e.g., Q2 2024 had -$1.8 million), indicating operational challenges in cash generation during these periods.
Summary: Tejon Ranch’s financial performance has been volatile but shows signs of recovery as of Q4 2024 with improved net income and operating cash flow. The company continues to invest heavily in property and equipment, consistent with its business model focused on land development and management. The fluctuations in non-interest income and expenses contribute to profit swings, and investors should monitor future quarters for sustained operational improvements and stable revenue growth.
Overall, while the recent quarter’s results are encouraging, potential volatility and prior losses suggest a cautious but optimistic outlook for retail investors considering TRC.
10/04/25 06:21 PM ETAI Generated. May Contain Errors.