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Tejon Ranch TRC Work-in-process

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Other financials

Income statement

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Revenue$9.5M+15.8%
Operating income-$1.1M+72.9%
Net income$151.0K+110%
EPS (diluted)$0.01+120%

Balance sheet

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Cash & equivalents$4.7M-62.0%
Total debt$48.6M-3.4%
Total equity$474.5M+0.4%
Total assets$634.2M+3.2%

Cash flow

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Operating cash flow$3.3M+346%
CapEx$1.9M-89.3%
Free cash flow$1.4M+108%

Valuation

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Market cap$498.28M+11.9%
P/E294.8×+86.8×
P/S9.8×-0.6×

Profitability

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Operating margin-38.9%-41.8pp
Net margin3.3%-1.7pp
FCF margin-121.6%-13.5pp

Returns & leverage

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Return on equity0.4%-0.1pp
Debt / equity0.1×0.0×
Current ratio2.8×+0.1×

Where this comes from

Reported directly by Tejon Ranch in its filing.

Tagged under the XBRL concept us-gaap:InventoryRealEstateImprovements.

The official record: Tejon Ranch’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tejon Ranch's work-in-process?
Tejon Ranch (TRC) reported work-in-process of $78.61M in Q1 2026.
How has Tejon Ranch's work-in-process changed year-over-year?
Tejon Ranch's work-in-process increased by 386.2% year-over-year, from $16.17M to $78.61M.
What is the long-term trend for Tejon Ranch's work-in-process?
Over 5 years (2020 to 2025), Tejon Ranch's work-in-process has grown at a 35.0% compound annual growth rate (CAGR), from $17.66M to $79.18M.
What does work-in-process mean?
This metric represents the accumulated costs associated with ongoing real estate development projects that have not yet reached completion or been placed into service. It captures the capital tied up in active construction and infrastructure improvements across commercial or residential properties. Monitoring this balance helps investors assess the scale of the company's development pipeline and the efficiency of its capital deployment cycle.