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Tejon Ranch TRC Farming — Cost of Revenue

Other segment segments

Real estate - commercial/industrial
$4.85M+173%

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Other financials

Income statement

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Revenue$14.3M+71.7%
Operating income$348.0K+109%
Net income$2.6M+254%
EPS (diluted)$0.10+267%

Balance sheet

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Cash & equivalents$3.9M+54.8%
Total debt$48.6M-3.4%
Total equity$477.6M+1.3%
Total assets$639.5M+3.4%

Cash flow

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Operating cash flow$1.3M+441%
CapEx$1.5M-16.9%
Free cash flow$1.4M+139%

Valuation

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Market cap$450.99M-5.7%
P/E74.7×
P/S7.9×-2.6×

Profitability

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Operating margin-38.9%-41.8pp
Net margin10.6%+9.7pp
FCF margin-10.9%-5.1pp

Returns & leverage

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Return on equity1.3%+1.2pp
Debt / equity0.1×0.0×
Current ratio2.9×+0.7×

Where this comes from

Reported directly by Tejon Ranch in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Tejon Ranch’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 2:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054146
($ in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Farming revenues$750$607$1,645$2,163
Cost of sales1714437901,743
Selling, general and administrative expenses9369128106
Depreciation and amortization257312586680
Direct farming expenses5218241,5042,529
Operating income (loss) from farming before fixed water obligations229(217)141(366)
Fixed water obligations7656731,7711,516
Operating loss from farming$(536)$(890)$(1,630)$(1,882)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Tejon Ranch's farming — cost of revenue?
Tejon Ranch (TRC) reported farming — cost of revenue of $171K in Q2 2026.
How has Tejon Ranch's farming — cost of revenue changed year-over-year?
Tejon Ranch's farming — cost of revenue decreased by 61.4% year-over-year, from $443K to $171K.
What is the long-term trend for Tejon Ranch's farming — cost of revenue?
Over 3 years (2022 to 2025), Tejon Ranch's farming — cost of revenue has grown at a -4.2% compound annual growth rate (CAGR), from $15.41M to $13.57M.
What does farming — cost of revenue mean?
Captures the direct costs attributable to the production and sale of agricultural goods, including land-related costs and direct farming inputs. Monitoring this metric helps assess the direct margin efficiency of the company's farming operations.

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