Tejon Ranch Co. (TRC) Income Statement
TRC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTRC revenue and net income
Where TRC's revenue goes
2025Each bar shows an amount and its share of revenue. TRC kept 0.2% of revenue as net income.
TRC profit margins
TRC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +18.4% | −14.5% | +5.6% | −0.3% |
| Gross profit | +222.9% | −36.1% | +17.9% | −4.4% |
| Operating income | — | — | — | — |
| Net income | −97.2% | −83.2% | — | −30.7% |
| EPS (diluted) | −90.9% | −74.2% | — | −23.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TRC quarterly EPS vs estimates
Tejon Ranch beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.02).
TRC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.6M | $41.9M | $44.7M | $79.2M | $55.6M | $37.8M | $49.5M | $45.6M | $35.7M | $45.6M |
| Cost of revenue | $43.5M | $40.0M | $38.6M | $55.8M | $46.0M | $35.1M | $41.6M | $35.5M | $33.1M | $40.9M |
| Gross profit | $6.1M | $1.9M | $6.2M | $23.4M | $9.6M | $2.7M | $7.9M | $10.1M | $2.6M | $4.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $14.1M | $11.1M | $9.9M | $9.7M | $9.8M | $9.4M | $9.4M | $9.7M | $10.1M | $12.6M |
| Total operating expenses | $14.1M | $11.1M | $9.9M | $9.7M | $9.8M | $9.4M | $9.4M | $9.7M | $10.1M | $12.6M |
| Operating income | −$8.0M | −$9.2M | −$3.7M | $13.7M | −$260,000 | −$6.7M | −$1.4M | $436,000 | −$7.5M | −$7.9M |
| Interest income | $9.3M | $13.2M | $9.4M | $8.4M | $9.3M | $5.4M | $17.8M | $5.2M | $4.7M | $7.6M |
| Interest expense | — | — | — | $4.6M | $9.5M | $9.1M | $17.2M | $0 | $0 | $0 |
| Income before taxes | $1.2M | $3.7M | $5.6M | $23.2M | $9.2M | $82,000 | $14.6M | $5.6M | −$2.7M | $851,000 |
| Income taxes | $1.1M | $976,000 | $2.3M | $7.4M | $3.8M | $829,000 | $4.0M | $1.3M | −$1.1M | $336,000 |
| Net income | $75,000 | $2.7M | $3.3M | $15.8M | $5.3M | −$740,000 | $10.6M | $4.3M | −$1.6M | $558,000 |
| EBITDA | $7.2M | $8.5M | $10.4M | $27.8M | $13.8M | −$1.8M | $3.6M | $4.5M | −$1.8M | −$1.7M |
| EPS (diluted) | $0.01 | $0.11 | $0.13 | $0.58 | $0.21 | −$0.02 | $0.41 | $0.17 | −$0.08 | $0.03 |
| Gross margin | 12.3% | 4.5% | 13.8% | 29.6% | 17.2% | 7.1% | 16.0% | 22.2% | 7.3% | 10.2% |
| Operating margin | −16.0% | −22.0% | −8.3% | 17.3% | −0.5% | −17.8% | −2.9% | 1.0% | −21.2% | −17.3% |
| Net margin | 0.2% | 6.4% | 7.3% | 20.0% | 9.6% | −2.0% | 21.4% | 9.3% | −4.4% | 1.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.3M | $9.5M | $21.1M | $12.0M | $8.3M | $8.2M | $17.9M | $10.9M | $5.7M | $7.4M | $16.2M | $10.2M |
| Cost of revenue | $11.1M | $8.7M | $16.8M | $11.1M | $7.5M | $8.1M | $13.5M | $11.7M | $5.9M | $8.9M | $15.5M | $7.9M |
| Gross profit | $3.2M | $755,000 | $4.4M | $844,000 | $845,000 | $70,000 | $4.4M | −$847,000 | −$191,000 | −$1.5M | $696,000 | $2.4M |
| Sales, general & admin | $2.8M | — | $2.1M | $2.9M | $4.9M | $4.2M | $2.3M | $2.9M | $3.4M | $2.5M | $3.0M | $2.3M |
| Total operating expenses | $2.8M | $1.9M | $2.1M | $2.9M | $4.9M | $4.2M | $2.3M | $2.9M | $3.4M | $2.5M | $3.0M | $2.3M |
| Operating income | $348,000 | −$1.1M | $2.3M | −$2.0M | −$4.1M | −$4.2M | $2.1M | −$3.8M | −$3.5M | −$4.0M | −$2.4M | $37,000 |
| Interest income | — | — | $2.3M | $2.7M | $2.8M | $1.5M | $3.7M | $3.9M | — | — | — | $1.9M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $2.3M | — |
| Income before taxes | $3.5M | $209,000 | $4.5M | $699,000 | −$1.3M | −$2.7M | $5.7M | −$4,000 | −$220,000 | −$1.9M | $272,000 | $1.9M |
| Income taxes | $843,000 | $59,000 | $2.9M | −$972,000 | $435,000 | −$1.3M | $1.3M | $1.8M | −$1.2M | −$942,000 | −$1.3M | $2.2M |
| Net income | $2.6M | $151,000 | $1.6M | $1.7M | −$1.7M | −$1.5M | $4.5M | −$1.8M | $957,000 | −$914,000 | $1.6M | −$341,000 |
| EBITDA | $4.9M | $1.7M | $6.7M | $2.4M | −$183,000 | −$1.7M | $7.5M | $1.2M | $695,000 | −$850,000 | $4.4M | $2.9M |
| EPS (diluted) | $0.10 | $0.01 | $0.06 | $0.06 | −$0.06 | −$0.05 | $0.17 | −$0.07 | $0.04 | −$0.03 | $0.06 | −$0.01 |
| Gross margin | 22.4% | 7.9% | 20.6% | 7.1% | 10.2% | 0.9% | 24.7% | −7.8% | −3.4% | −20.1% | 4.3% | 23.0% |
| Operating margin | 2.4% | −11.9% | 10.9% | −16.9% | −48.8% | −50.7% | 11.9% | −34.9% | −62.4% | −53.8% | −14.5% | 0.4% |
| Net margin | 18.5% | 1.6% | 7.5% | 14.0% | −20.6% | −17.8% | 25.0% | −16.9% | 16.8% | −12.3% | 9.7% | −3.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TRC's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TRC financial results
In fiscal year 2025 (ended December 31, 2025), Tejon Ranch reported revenue of $49.6 million, up 18.4% from the year before. It had net income of $0.1 million (down 97.2%), a net profit margin of 0.2%. Diluted earnings per share came to $0.01. Over five years revenue grew at an average rate of 5.6% a year.
See the TRC stock overview for the latest quote and news, or the TRC chart for price history and technical indicators.
TRC income statement FAQ
What is Tejon Ranch's annual revenue?
Tejon Ranch reported total revenue of $49.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 18.4% from $41.9 million the previous year.
Is Tejon Ranch profitable?
Yes. Tejon Ranch reported net income of $0.1 million in fiscal 2025, a net profit margin of 0.2%; its operating margin was −16.0%.
What is Tejon Ranch's gross margin?
Tejon Ranch's gross margin was 12.3% in fiscal 2025: for every $100 of revenue, Tejon Ranch kept $12 after the direct cost of its products and services.
How fast is Tejon Ranch growing?
Revenue grew 5.6% a year on average over the last five fiscal years, from $37.8 million to $49.6 million.
What are Tejon Ranch's earnings per share?
Tejon Ranch earned $0.01 per diluted share in fiscal 2025, compared with $0.11 a year earlier.
When will Tejon Ranch report its next earnings?
Tejon Ranch is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Tejon Ranch's fiscal year end?
Tejon Ranch's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.