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Tejon Ranch TRC Farming — Segment Operating Results

Other segment segments

Real estate - commercial/industrial
$6.55M+47.8%
Mineral resources
$899K+24.9%
Real estate - resort/residential
-$363K-19.4%
Multifamily
$345K+308%
Ranch operations
-$93K+63.1%

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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:GrossProfit.

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
Mineral resources8997201,9441,230
Farming(536)(890)(1,630)(1,882)
Ranch operations(93)(252)311(221)
Segment operating income6,8033,5409,3654,768
Reconciling items:
Investment income111226253572
Depreciation and amortization - Multifamily(516)(140)(1,033)(140)
Other loss, net(82)(4)(174)(80)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Tejon Ranch's farming — segment operating results?
Tejon Ranch (TRC) reported farming — segment operating results of -$536K in Q2 2026.
How has Tejon Ranch's farming — segment operating results changed year-over-year?
Tejon Ranch's farming — segment operating results increased by 39.8% year-over-year, from -$890K to -$536K.
What is the long-term trend for Tejon Ranch's farming — segment operating results?
Over 2 years (2021 to 2023), Tejon Ranch's farming — segment operating results has grown at a -34.8% compound annual growth rate (CAGR), from -$3.08M to -$1.31M.
What does farming — segment operating results mean?
Indicates the net financial performance of the farming segment after accounting for all direct operating revenues and expenses. It serves as a primary indicator of the segment's profitability and its ability to generate positive cash flow from agricultural operations.

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