Tejon Ranch Co. (TRC) Stock Price & Analysis
Tejon Ranch Co. (TRC) closed at USD 16.61 on Thursday, October 22, 2026, up 3.55% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 16.04; the Oct 22, 2026 session ranged USD 16.24–16.88 on volume of 226,501 shares. Market capitalization is $448.83M, with a 52-week range of USD 15.31–21.31 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 12:05 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TRC.md
Key facts (TRC)
- Last four reported quarters (through Jun 30, 2026): revenue $56.8M, net income $6.0M (10.6% margin) (SEC filings).
- Valuation: P/E 74.3x (avg 1988.6x at the last 3 fiscal year-ends).
- Analysts: None (1 analysts), mean target USD 26.25 (range 26.25–26.25).
- Total return with dividends: 1Y +3.0% vs S&P 500 +14.9%; 5Y -10.3% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.02, revenue estimate $12.0M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TRC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | — | $79.2M | $44.7M | $41.9M | $49.6M | $56.8M |
| Gross profit | — | $31.2M | $13.0M | $12.8M | $14.5M | — |
| Operating income | -$260K | $13.7M | -$3.7M | -$9.2M | -$8.0M | -$515K |
| Net income | $5.3M | $15.8M | $3.3M | $2.7M | $75K | $6.0M |
| EPS (diluted) | $0.20 | $0.59 | $0.12 | $0.10 | $0.00 | — |
| Free cash flow | -$18.1M | -$14.1M | -$7.7M | -$42.9M | — | — |
| Gross margin | — | 39.4% | 29.1% | 30.5% | 29.2% | — |
| Operating margin | — | 17.3% | -8.3% | -22.0% | -16.0% | -0.9% |
| Net margin | — | 20.0% | 7.3% | 6.4% | 0.2% | 10.6% |
| Revenue growth | — | — | -43.5% | -6.4% | +18.4% | — |
| Cash + short-term investments | $47.2M | $72.6M | $64.5M | $53.7M | $24.9M | — |
| Total debt | $52.8M | $50.2M | $47.9M | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TRC)
P/E 74.3x · P/S 7.9x · P/B 0.9x · Earnings yield 1.35%
P/E at fiscal year-ends: Dec 2025 5666.5x, Dec 2024 158.5x, Dec 2023 140.7x.
Analysts (TRC)
Consensus None, 1 analysts; mean target USD 26.25 (low 26.25, high 26.25).
Total return (dividends reinvested) (TRC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +3.0% | -10.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +3.0% | -2.1% |
| Volatility (annualized) | 21.1% | 24.7% |
| Max drawdown | -22.5% (May 2026→Aug 2026) | -32.3% (Nov 2021→Sep 2022) |
TRC revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Real estate - commercial/industrial | $9.7M | 67.8% | +89.8% |
| Mineral resources | $1.8M | 12.5% | +18.5% |
| Ranch operations | $1.2M | 8.4% | +10.8% |
| Multifamily | $857,000 | 6.0% | +5613.3% |
| Farming | $750,000 | 5.3% | +23.6% |
| Total revenue | $14.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TRC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | TRC-MRC | “The above mentioned increase was partially offset by a decrease of $276,000 in revenue from the PEF lease due to lower spark spread payments, and a reduction of $255,000 in management fees compared to 2023, when we completed construction of the TRC-MRC 5, LLC industrial building.” |
| Partner | TravelCenters of America | “Our joint venture with TravelCenters of America owns and operates two travel and truck stop facilities, two restaurants, 13 fast-food operations, and five separate gas stations with convenience stores within TRCC-West and TRCC-East.” |
| Partner | Rockefeller Group Development | “We are involved in a joint venture with Rockefeller Development Group, or RDG, as of December 31, 2025.” |
Quoted from the company's 10-K filed Mar 19, 2026.
TRC customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 9% of revenue, per the company's 10-K filed Mar 19, 2026. The company does not name it.
TRC company outlook (results filed Aug 6, 2026)
- “Outlook: The Tejon Ranch Commerce Center remains the Company's primary mixed-use development platform, with the new industrial Building 1B on track for an early 2027 delivery.”
Quoted word-for-word from the SEC 8-K results press release.
TRC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.02 | $0.02 | +0.0% | $12.0M | 1 |
| Next quarter (ends Dec 2026) | $0.06 | $0.06 | +0.0% | $19.2M | 1 |
| Current fiscal year (ends Dec 2026) | $0.18 | $0.11 | +63.6% | $55.0M | 1 |
| Next fiscal year (ends Dec 2027) | — | — | — | $0 | — |
Key Statistics (as of October 23, 2026 at 12:05 UTC)
| Price | USD 16.61 |
|---|---|
| Change | ▲ 3.55% (up) |
| Previous Close | USD 16.04 |
| Open | USD 16.09 |
| Day Range | USD 16.24 – 16.88 |
| 52-Week Range | USD 15.31 – 21.31 |
| Volume | 226,501 shares |
| Market Cap | $448.83M |
| Exchange | NYQ |
Technical Analysis (TRC)
Nexqual's technical model rates TRC "BUY" based on 4 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 12:05 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 55.29 (neutral) |
| vs SMA50 | Above (USD 16.28) |
| MACD | -0.01 (negative) |
Analyst Ratings (TRC)
Wall Street analysts rate TRC "None" based on 1 analysts, with a mean price target of USD 26.25 (range USD 26.25–26.25), per Nexqual as of October 23, 2026 at 12:05 UTC.
| Consensus Rating | None |
|---|---|
| Analyst Count | 1 |
| Mean Target | USD 26.25 |
| High Target | USD 26.25 |
| Low Target | USD 26.25 |
| Buy / Hold / Sell | 0 / 0 / 0 |
Earnings (TRC)
| Next Earnings Date | 2026-11-05 |
|---|---|
| Revenue Estimate | $11.99M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.1 vs est 0.02 ▲ beat |
| 2026-03-31 | USD 0.01 vs est -0.02 ▲ beat |
| 2025-12-31 | USD 0.06 vs est 0.05 ▲ beat |
| 2025-09-30 | USD 0.06 vs est 0.01 ▲ beat |
Source: Nexqual, October 23, 2026 at 12:05 UTC.
Financials & Fundamentals (TRC)
| Total Revenue | $56.84M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +71.70% |
| Gross Margin | +16.08% |
| Operating Margin | +2.44% |
| Profit Margin | +10.62% |
| ROE | +1.23% |
| Debt / Equity | 0.19 |
| Current Ratio | 2.92 |
| Total Cash | $15.06M |
| Total Debt | $95.94M |
Source: Nexqual, October 23, 2026 at 12:05 UTC.
Financial Health Score (TRC)
Nexqual rates Tejon Ranch Co.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 12:05 UTC.
| Growth | Strong — Revenue +18% YoY (annual) |
|---|---|
| Profitability | Weak — Small revenue base — building scale |
| Balance Sheet | Strong — $15M cash vs $96M debt |
| Cash Flow | Solid — Operating cash flow $6M (FY ended Dec 2025, 10-K) |
| Efficiency | Weak — ROE 1%, ROA -0.1% |
Ownership (TRC)
| Insider Ownership | +8.19% |
|---|---|
| Institutional Ownership | +80.36% |
| Shares Outstanding | 27.02M |
| Float | 17.34M |
| Short % of Float | +9.82% |
Source: Nexqual, October 23, 2026 at 12:05 UTC.
Leadership (TRC)
Tejon Ranch Co. is led by Matthew Walker, President & CEO, per Nexqual as of October 23, 2026 at 12:05 UTC.
| President & CEO | Matthew Walker |
|---|---|
| CFO, Treasurer, Senior VP of Finance & Chief Accounting Officer | Robert D. Velasquez |
| Executive Vice President of Real Estate | Hugh F. McMahon |
| Senior Vice President of Corporate Communications & Public Affairs | Nicholas Ortiz |
| Senior Vice President of Real Estate | Derek C. Abbott |
Major Backers & Investors (TRC)
Notable institutional backers of Tejon Ranch Co. include Towerview LLC., Horizon Kinetics Asset Management LLC, Nitor Capital Management LLC, according to Nexqual as of October 23, 2026 at 12:05 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Towerview LLC. | 14.23% |
| Horizon Kinetics Asset Management LLC | 7.44% |
| Nitor Capital Management LLC | 6.66% |
| Bulldog Investors, LLP | 2.94% |
| Gamco Investors, Inc ET AL | 2.63% |
| Listed Funds Trust-Horizon Kinetics Inflation Beneficiaries ETF | 2.52% |
| Lee, Danner & Bass, Inc. | 2.5% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 7.58% |
| BlackRock | 6.01% |
| Dimensional Fund Advisors | 5.06% |
Source: Nexqual, October 23, 2026 at 12:05 UTC.
From Tejon Ranch Co.'s Latest SEC 10-K Filing (filed 2026-03-19)
Key Strengths & Strategy (as disclosed to the SEC)
- TRC's portfolio within TRCC comprises approximately 3.4 million square feet of gross leasable area, which is substantially fully leased to nationally recognized tenants, including IKEA, L'Oréal, and Dollar General.
- The Company also continues to work to obtain resource permits for the development of Grapevine, including permits from CA Department of Fish and Wildlife as well as the CA Regional Water Quality Control Board, and federal permitting from the US Fish and Wildlife Service.
- More importantly, we believe it allows us to better manage the deployment of our capital.
- We intend to differentiate our communities through our unique settings, land planning and product offerings.
Partnerships
- In 2015, we entered into a water sale agreement with PEF, our current lessee under a power plant lease.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| VMI | Valmont Industries, Inc. | USD 435.87 | ▼ 2.81% |
| HON | Honeywell International Inc. | USD 218.31 | ▲ 1.67% |
| MMM | 3M Company | USD 175.56 | ▲ 0.47% |
| NSC | Norfolk Southern Corporation | USD 338.23 | ▲ 3.09% |
| HWM | Howmet Aerospace Inc. | USD 193.29 | ▼ 7.14% |
| NOC | Northrop Grumman Corporation | USD 552.35 | ▲ 2.42% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 12:05 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt