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Side-by-side financial comparison of Cambium Networks Corp (CMBM) and TEJON RANCH CO (TRC). Click either name above to swap in a different company.

Cambium Networks Corp is the larger business by last-quarter revenue ($40.3M vs $21.1M, roughly 1.9× TEJON RANCH CO). TEJON RANCH CO runs the higher net margin — 7.5% vs -17.9%, a 25.4% gap on every dollar of revenue. On growth, TEJON RANCH CO posted the faster year-over-year revenue change (17.7% vs -23.2%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% CAGR vs -27.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

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.

CMBM vs TRC — Head-to-Head

Bigger by revenue
CMBM
CMBM
1.9× larger
CMBM
$40.3M
$21.1M
TRC
Growing faster (revenue YoY)
TRC
TRC
+40.8% gap
TRC
17.7%
-23.2%
CMBM
Higher net margin
TRC
TRC
25.4% more per $
TRC
7.5%
-17.9%
CMBM
Faster 2-yr revenue CAGR
TRC
TRC
Annualised
TRC
68.8%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
TRC
TRC
Revenue
$40.3M
$21.1M
Net Profit
$-7.2M
$1.6M
Gross Margin
36.6%
30.6%
Operating Margin
-28.4%
10.9%
Net Margin
-17.9%
7.5%
Revenue YoY
-23.2%
17.7%
Net Profit YoY
71.0%
-64.7%
EPS (diluted)
$-0.26
$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
CMBM
CMBM
TRC
TRC
Q4 25
$21.1M
Q3 25
$12.0M
Q2 25
$8.3M
Q1 25
$8.2M
Q4 24
$40.3M
$17.9M
Q3 24
$44.7M
$10.9M
Q2 24
$45.2M
$5.7M
Q1 24
$47.1M
$7.4M
Net Profit
CMBM
CMBM
TRC
TRC
Q4 25
$1.6M
Q3 25
$1.7M
Q2 25
$-1.7M
Q1 25
$-1.5M
Q4 24
$-7.2M
$4.5M
Q3 24
$-34.5M
$-1.8M
Q2 24
$-14.2M
$957.0K
Q1 24
$-18.4M
$-914.0K
Gross Margin
CMBM
CMBM
TRC
TRC
Q4 25
30.6%
Q3 25
28.4%
Q2 25
40.9%
Q1 25
15.0%
Q4 24
36.6%
42.9%
Q3 24
43.6%
22.9%
Q2 24
32.5%
45.3%
Q1 24
29.8%
0.3%
Operating Margin
CMBM
CMBM
TRC
TRC
Q4 25
10.9%
Q3 25
-16.9%
Q2 25
-48.8%
Q1 25
-50.7%
Q4 24
-28.4%
11.9%
Q3 24
-69.6%
-34.9%
Q2 24
-27.2%
-62.4%
Q1 24
-33.1%
-53.8%
Net Margin
CMBM
CMBM
TRC
TRC
Q4 25
7.5%
Q3 25
14.0%
Q2 25
-20.6%
Q1 25
-17.8%
Q4 24
-17.9%
25.0%
Q3 24
-77.3%
-16.9%
Q2 24
-31.5%
16.8%
Q1 24
-39.2%
-12.3%
EPS (diluted)
CMBM
CMBM
TRC
TRC
Q4 25
$0.05
Q3 25
$0.06
Q2 25
$-0.06
Q1 25
$-0.05
Q4 24
$-0.26
$0.16
Q3 24
$-1.22
$-0.07
Q2 24
$-0.51
$0.04
Q1 24
$-0.66
$-0.03

Balance Sheet & Financial Strength

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

Metric
CMBM
CMBM
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$9.5M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$-3.2M
$475.2M
Total Assets
$173.7M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
TRC
TRC
Q4 25
$9.5M
Q3 25
$3.6M
Q2 25
$2.5M
Q1 25
$12.3M
Q4 24
$39.3M
Q3 24
$27.4M
Q2 24
$33.0M
Q1 24
$35.6M
Total Debt
CMBM
CMBM
TRC
TRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
TRC
TRC
Q4 25
$475.2M
Q3 25
$473.2M
Q2 25
$471.5M
Q1 25
$472.5M
Q4 24
$-3.2M
$473.6M
Q3 24
$1.9M
$468.3M
Q2 24
$34.1M
$469.2M
Q1 24
$45.0M
$467.4M
Total Assets
CMBM
CMBM
TRC
TRC
Q4 25
$630.5M
Q3 25
$629.6M
Q2 25
$618.5M
Q1 25
$614.6M
Q4 24
$173.7M
$608.0M
Q3 24
$194.3M
$598.0M
Q2 24
$221.1M
$590.8M
Q1 24
$219.8M
$581.6M
Debt / Equity
CMBM
CMBM
TRC
TRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

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

Metric
CMBM
CMBM
TRC
TRC
Operating Cash FlowLast quarter
$-10.4M
$6.1M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
3.88×
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
TRC
TRC
Q4 25
$6.1M
Q3 25
$-2.4M
Q2 25
$-381.0K
Q1 25
$-1.3M
Q4 24
$-10.4M
$14.3M
Q3 24
$8.9M
$2.1M
Q2 24
$2.4M
$-1.8M
Q1 24
$-15.9M
$777.0K
Free Cash Flow
CMBM
CMBM
TRC
TRC
Q4 25
Q3 25
$-14.6M
Q2 25
$-20.0M
Q1 25
$-18.9M
Q4 24
$-10.8M
$-42.9M
Q3 24
$6.8M
$-16.8M
Q2 24
$87.0K
$-15.8M
Q1 24
$-17.4M
$-7.3M
FCF Margin
CMBM
CMBM
TRC
TRC
Q4 25
Q3 25
-122.2%
Q2 25
-240.6%
Q1 25
-230.1%
Q4 24
-26.8%
-239.3%
Q3 24
15.2%
-155.2%
Q2 24
0.2%
-277.2%
Q1 24
-37.0%
-99.0%
Capex Intensity
CMBM
CMBM
TRC
TRC
Q4 25
Q3 25
102.3%
Q2 25
236.0%
Q1 25
213.7%
Q4 24
1.1%
319.1%
Q3 24
4.8%
174.3%
Q2 24
5.1%
245.5%
Q1 24
3.3%
109.5%
Cash Conversion
CMBM
CMBM
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

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

TRC
TRC

Segment breakdown not available.

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