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Side-by-side financial comparison of Arteris, Inc. (AIP) and TEJON RANCH CO (TRC). Click either name above to swap in a different company.

TEJON RANCH CO is the larger business by last-quarter revenue ($21.1M vs $20.1M, roughly 1.0× Arteris, Inc.). TEJON RANCH CO runs the higher net margin — 7.5% vs -42.2%, a 49.7% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 17.7%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% CAGR vs 24.7%).

Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...

Tejon Ranch Company, based in Lebec, California, is one of the largest private landowners in California. The company was incorporated in 1936 to organize the ownership of a large tract of land that was consolidated from four Mexican land grants acquired in the 1850s and 1860s by ranch founder Edward Fitzgerald Beale.

AIP vs TRC — Head-to-Head

Bigger by revenue
TRC
TRC
1.0× larger
TRC
$21.1M
$20.1M
AIP
Growing faster (revenue YoY)
AIP
AIP
+12.3% gap
AIP
30.0%
17.7%
TRC
Higher net margin
TRC
TRC
49.7% more per $
TRC
7.5%
-42.2%
AIP
Faster 2-yr revenue CAGR
TRC
TRC
Annualised
TRC
68.8%
24.7%
AIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AIP
AIP
TRC
TRC
Revenue
$20.1M
$21.1M
Net Profit
$-8.5M
$1.6M
Gross Margin
90.8%
30.6%
Operating Margin
-42.0%
10.9%
Net Margin
-42.2%
7.5%
Revenue YoY
30.0%
17.7%
Net Profit YoY
-3.7%
-64.7%
EPS (diluted)
$-0.19
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIP
AIP
TRC
TRC
Q4 25
$20.1M
$21.1M
Q3 25
$17.4M
$12.0M
Q2 25
$16.5M
$8.3M
Q1 25
$16.5M
$8.2M
Q4 24
$15.5M
$17.9M
Q3 24
$14.7M
$10.9M
Q2 24
$14.6M
$5.7M
Q1 24
$12.9M
$7.4M
Net Profit
AIP
AIP
TRC
TRC
Q4 25
$-8.5M
$1.6M
Q3 25
$-9.0M
$1.7M
Q2 25
$-9.1M
$-1.7M
Q1 25
$-8.1M
$-1.5M
Q4 24
$-8.2M
$4.5M
Q3 24
$-7.7M
$-1.8M
Q2 24
$-8.3M
$957.0K
Q1 24
$-9.4M
$-914.0K
Gross Margin
AIP
AIP
TRC
TRC
Q4 25
90.8%
30.6%
Q3 25
89.9%
28.4%
Q2 25
89.4%
40.9%
Q1 25
90.8%
15.0%
Q4 24
89.8%
42.9%
Q3 24
90.1%
22.9%
Q2 24
90.0%
45.3%
Q1 24
88.7%
0.3%
Operating Margin
AIP
AIP
TRC
TRC
Q4 25
-42.0%
10.9%
Q3 25
-50.1%
-16.9%
Q2 25
-50.0%
-48.8%
Q1 25
-46.6%
-50.7%
Q4 24
-45.9%
11.9%
Q3 24
-53.8%
-34.9%
Q2 24
-51.1%
-62.4%
Q1 24
-70.5%
-53.8%
Net Margin
AIP
AIP
TRC
TRC
Q4 25
-42.2%
7.5%
Q3 25
-51.6%
14.0%
Q2 25
-55.3%
-20.6%
Q1 25
-49.1%
-17.8%
Q4 24
-53.0%
25.0%
Q3 24
-52.2%
-16.9%
Q2 24
-57.2%
16.8%
Q1 24
-72.6%
-12.3%
EPS (diluted)
AIP
AIP
TRC
TRC
Q4 25
$-0.19
$0.05
Q3 25
$-0.21
$0.06
Q2 25
$-0.22
$-0.06
Q1 25
$-0.20
$-0.05
Q4 24
$-0.19
$0.16
Q3 24
$-0.20
$-0.07
Q2 24
$-0.22
$0.04
Q1 24
$-0.25
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIP
AIP
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$33.9M
$9.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-14.6M
$475.2M
Total Assets
$115.0M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIP
AIP
TRC
TRC
Q4 25
$33.9M
$9.5M
Q3 25
$39.0M
$3.6M
Q2 25
$38.0M
$2.5M
Q1 25
$42.3M
$12.3M
Q4 24
$43.8M
$39.3M
Q3 24
$48.7M
$27.4M
Q2 24
$45.8M
$33.0M
Q1 24
$44.8M
$35.6M
Stockholders' Equity
AIP
AIP
TRC
TRC
Q4 25
$-14.6M
$475.2M
Q3 25
$-11.4M
$473.2M
Q2 25
$-7.5M
$471.5M
Q1 25
$-4.8M
$472.5M
Q4 24
$-1.2M
$473.6M
Q3 24
$2.2M
$468.3M
Q2 24
$5.3M
$469.2M
Q1 24
$9.5M
$467.4M
Total Assets
AIP
AIP
TRC
TRC
Q4 25
$115.0M
$630.5M
Q3 25
$107.7M
$629.6M
Q2 25
$106.9M
$618.5M
Q1 25
$98.3M
$614.6M
Q4 24
$106.1M
$608.0M
Q3 24
$97.7M
$598.0M
Q2 24
$96.4M
$590.8M
Q1 24
$101.4M
$581.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIP
AIP
TRC
TRC
Operating Cash FlowLast quarter
$3.2M
$6.1M
Free Cash FlowOCF − Capex
$3.0M
FCF MarginFCF / Revenue
15.1%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
3.88×
TTM Free Cash FlowTrailing 4 quarters
$5.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIP
AIP
TRC
TRC
Q4 25
$3.2M
$6.1M
Q3 25
$3.2M
$-2.4M
Q2 25
$-2.5M
$-381.0K
Q1 25
$2.9M
$-1.3M
Q4 24
$-2.6M
$14.3M
Q3 24
$1.1M
$2.1M
Q2 24
$311.0K
$-1.8M
Q1 24
$477.0K
$777.0K
Free Cash Flow
AIP
AIP
TRC
TRC
Q4 25
$3.0M
Q3 25
$2.5M
$-14.6M
Q2 25
$-2.8M
$-20.0M
Q1 25
$2.7M
$-18.9M
Q4 24
$-2.7M
$-42.9M
Q3 24
$1.1M
$-16.8M
Q2 24
$264.0K
$-15.8M
Q1 24
$281.0K
$-7.3M
FCF Margin
AIP
AIP
TRC
TRC
Q4 25
15.1%
Q3 25
14.2%
-122.2%
Q2 25
-17.2%
-240.6%
Q1 25
16.2%
-230.1%
Q4 24
-17.3%
-239.3%
Q3 24
7.4%
-155.2%
Q2 24
1.8%
-277.2%
Q1 24
2.2%
-99.0%
Capex Intensity
AIP
AIP
TRC
TRC
Q4 25
0.7%
Q3 25
4.1%
102.3%
Q2 25
2.2%
236.0%
Q1 25
1.1%
213.7%
Q4 24
0.3%
319.1%
Q3 24
0.2%
174.3%
Q2 24
0.3%
245.5%
Q1 24
1.5%
109.5%
Cash Conversion
AIP
AIP
TRC
TRC
Q4 25
3.88×
Q3 25
-1.43×
Q2 25
Q1 25
Q4 24
3.19×
Q3 24
Q2 24
-1.88×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIP
AIP

License And Maintenance$17.5M87%
Variable Royalties And Other$2.6M13%

TRC
TRC

Segment breakdown not available.

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