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Tejon Ranch TRC Real estate - commercial/industrial — Cost of sales of land

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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
Commercial/industrial revenues$9,663$5,092$12,425$7,846
Equity in earnings of unconsolidated joint ventures3,1002,5554,3903,713
Commercial/industrial revenues and equity in earnings of unconsolidated joint ventures12,7637,64716,81511,559
Cost of sales of land$4,8541,778$4,8541,774
Operating expenses6595681,3031,130
Selling, general and administrative expenses6027641,5331,755
Depreciation and amortization97105200212
Commercial/industrial expenses6,2123,2157,8904,871

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Tejon Ranch's real estate - commercial/industrial — cost of sales of land?
Tejon Ranch (TRC) reported real estate - commercial/industrial — cost of sales of land of $4.85M in Q2 2026.
How has Tejon Ranch's real estate - commercial/industrial — cost of sales of land changed year-over-year?
Tejon Ranch's real estate - commercial/industrial — cost of sales of land increased by 173.0% year-over-year, from $1.78M to $4.85M.
What is the long-term trend for Tejon Ranch's real estate - commercial/industrial — cost of sales of land?
Over 3 years (2022 to 2025), Tejon Ranch's real estate - commercial/industrial — cost of sales of land has grown at a -40.0% compound annual growth rate (CAGR), from $8.62M to $1.86M.
What does real estate - commercial/industrial — cost of sales of land mean?
Reflects the direct costs associated with the sale of land parcels within the commercial and industrial segment, including the original acquisition cost and capitalized development expenses. This metric is essential for calculating the gross margin on land transactions. It provides insight into the profitability of specific real estate divestments and the efficiency of land inventory management.

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