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Side-by-side financial comparison of Ambiq Micro, Inc. (AMBQ) 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 $18.2M, roughly 1.2× Ambiq Micro, Inc.). TEJON RANCH CO runs the higher net margin — 7.5% vs -49.6%, a 57.0% gap on every dollar of revenue.

Ambiq Micro, Inc. is an American semiconductor company specializing in low-power microcontrollers and systems-on-chip, including products for devices smartwatches, medical devices, and sensors. Founded in 2010 by University of Michigan researchers Scott Hanson, David Blaauw, and Dennis Sylvester, the company is headquartered in Austin, Texas. Its products employ Subthreshold Power Optimized Technology (SPOT) to reduce energy consumption and enable on-device edge AI. In 2025, Ambiq went public...

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.

AMBQ vs TRC — Head-to-Head

Bigger by revenue
TRC
TRC
1.2× larger
TRC
$21.1M
$18.2M
AMBQ
Higher net margin
TRC
TRC
57.0% more per $
TRC
7.5%
-49.6%
AMBQ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AMBQ
AMBQ
TRC
TRC
Revenue
$18.2M
$21.1M
Net Profit
$-9.0M
$1.6M
Gross Margin
42.3%
30.6%
Operating Margin
-55.3%
10.9%
Net Margin
-49.6%
7.5%
Revenue YoY
17.7%
Net Profit YoY
-64.7%
EPS (diluted)
$-0.72
$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
AMBQ
AMBQ
TRC
TRC
Q4 25
$21.1M
Q3 25
$18.2M
$12.0M
Q2 25
$17.9M
$8.3M
Q1 25
$8.2M
Q4 24
$17.9M
Q3 24
$10.9M
Q2 24
$5.7M
Q1 24
$7.4M
Net Profit
AMBQ
AMBQ
TRC
TRC
Q4 25
$1.6M
Q3 25
$-9.0M
$1.7M
Q2 25
$-8.5M
$-1.7M
Q1 25
$-1.5M
Q4 24
$4.5M
Q3 24
$-1.8M
Q2 24
$957.0K
Q1 24
$-914.0K
Gross Margin
AMBQ
AMBQ
TRC
TRC
Q4 25
30.6%
Q3 25
42.3%
28.4%
Q2 25
40.1%
40.9%
Q1 25
15.0%
Q4 24
42.9%
Q3 24
22.9%
Q2 24
45.3%
Q1 24
0.3%
Operating Margin
AMBQ
AMBQ
TRC
TRC
Q4 25
10.9%
Q3 25
-55.3%
-16.9%
Q2 25
-49.2%
-48.8%
Q1 25
-50.7%
Q4 24
11.9%
Q3 24
-34.9%
Q2 24
-62.4%
Q1 24
-53.8%
Net Margin
AMBQ
AMBQ
TRC
TRC
Q4 25
7.5%
Q3 25
-49.6%
14.0%
Q2 25
-47.5%
-20.6%
Q1 25
-17.8%
Q4 24
25.0%
Q3 24
-16.9%
Q2 24
16.8%
Q1 24
-12.3%
EPS (diluted)
AMBQ
AMBQ
TRC
TRC
Q4 25
$0.05
Q3 25
$-0.72
$0.06
Q2 25
$-18.89
$-0.06
Q1 25
$-0.05
Q4 24
$0.16
Q3 24
$-0.07
Q2 24
$0.04
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
AMBQ
AMBQ
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$146.5M
$9.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$169.8M
$475.2M
Total Assets
$186.7M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBQ
AMBQ
TRC
TRC
Q4 25
$9.5M
Q3 25
$146.5M
$3.6M
Q2 25
$47.5M
$2.5M
Q1 25
$12.3M
Q4 24
$39.3M
Q3 24
$27.4M
Q2 24
$33.0M
Q1 24
$35.6M
Stockholders' Equity
AMBQ
AMBQ
TRC
TRC
Q4 25
$475.2M
Q3 25
$169.8M
$473.2M
Q2 25
$-307.3M
$471.5M
Q1 25
$472.5M
Q4 24
$473.6M
Q3 24
$468.3M
Q2 24
$469.2M
Q1 24
$467.4M
Total Assets
AMBQ
AMBQ
TRC
TRC
Q4 25
$630.5M
Q3 25
$186.7M
$629.6M
Q2 25
$89.2M
$618.5M
Q1 25
$614.6M
Q4 24
$608.0M
Q3 24
$598.0M
Q2 24
$590.8M
Q1 24
$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
AMBQ
AMBQ
TRC
TRC
Operating Cash FlowLast quarter
$-5.0M
$6.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBQ
AMBQ
TRC
TRC
Q4 25
$6.1M
Q3 25
$-5.0M
$-2.4M
Q2 25
$-10.5M
$-381.0K
Q1 25
$-1.3M
Q4 24
$14.3M
Q3 24
$2.1M
Q2 24
$-1.8M
Q1 24
$777.0K
Free Cash Flow
AMBQ
AMBQ
TRC
TRC
Q4 25
Q3 25
$-14.6M
Q2 25
$-20.0M
Q1 25
$-18.9M
Q4 24
$-42.9M
Q3 24
$-16.8M
Q2 24
$-15.8M
Q1 24
$-7.3M
FCF Margin
AMBQ
AMBQ
TRC
TRC
Q4 25
Q3 25
-122.2%
Q2 25
-240.6%
Q1 25
-230.1%
Q4 24
-239.3%
Q3 24
-155.2%
Q2 24
-277.2%
Q1 24
-99.0%
Capex Intensity
AMBQ
AMBQ
TRC
TRC
Q4 25
Q3 25
102.3%
Q2 25
236.0%
Q1 25
213.7%
Q4 24
319.1%
Q3 24
174.3%
Q2 24
245.5%
Q1 24
109.5%
Cash Conversion
AMBQ
AMBQ
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

AMBQ
AMBQ

Customer Concentration Risk$16.2M89%
Other$2.0M11%

TRC
TRC

Segment breakdown not available.

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