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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) 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 $16.5M, roughly 1.3× FrontView REIT, Inc.). TEJON RANCH CO runs the higher net margin — 7.5% vs -24.9%, a 32.4% gap on every dollar of revenue.

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.

FVR vs TRC — Head-to-Head

Bigger by revenue
TRC
TRC
1.3× larger
TRC
$21.1M
$16.5M
FVR
Higher net margin
TRC
TRC
32.4% more per $
TRC
7.5%
-24.9%
FVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FVR
FVR
TRC
TRC
Revenue
$16.5M
$21.1M
Net Profit
$-4.1M
$1.6M
Gross Margin
30.6%
Operating Margin
10.9%
Net Margin
-24.9%
7.5%
Revenue YoY
17.7%
Net Profit YoY
-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
FVR
FVR
TRC
TRC
Q4 25
$16.5M
$21.1M
Q3 25
$16.8M
$12.0M
Q2 25
$17.6M
$8.3M
Q1 25
$16.2M
$8.2M
Q4 24
$17.9M
Q3 24
$14.5M
$10.9M
Q2 24
$5.7M
Q1 24
$7.4M
Net Profit
FVR
FVR
TRC
TRC
Q4 25
$-4.1M
$1.6M
Q3 25
$4.0M
$1.7M
Q2 25
$-2.9M
$-1.7M
Q1 25
$-833.0K
$-1.5M
Q4 24
$4.5M
Q3 24
$-2.4M
$-1.8M
Q2 24
$957.0K
Q1 24
$-914.0K
Gross Margin
FVR
FVR
TRC
TRC
Q4 25
30.6%
Q3 25
28.4%
Q2 25
40.9%
Q1 25
15.0%
Q4 24
42.9%
Q3 24
22.9%
Q2 24
45.3%
Q1 24
0.3%
Operating Margin
FVR
FVR
TRC
TRC
Q4 25
10.9%
Q3 25
-16.9%
Q2 25
-48.8%
Q1 25
-50.7%
Q4 24
11.9%
Q3 24
-34.9%
Q2 24
-62.4%
Q1 24
-53.8%
Net Margin
FVR
FVR
TRC
TRC
Q4 25
-24.9%
7.5%
Q3 25
23.9%
14.0%
Q2 25
-16.5%
-20.6%
Q1 25
-5.1%
-17.8%
Q4 24
25.0%
Q3 24
-16.7%
-16.9%
Q2 24
16.8%
Q1 24
-12.3%
EPS (diluted)
FVR
FVR
TRC
TRC
Q4 25
$-0.19
$0.05
Q3 25
$0.19
$0.06
Q2 25
$-0.16
$-0.06
Q1 25
$-0.06
$-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
FVR
FVR
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$13.5M
$9.5M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$391.2M
$475.2M
Total Assets
$854.4M
$630.5M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
TRC
TRC
Q4 25
$13.5M
$9.5M
Q3 25
$19.6M
$3.6M
Q2 25
$8.4M
$2.5M
Q1 25
$3.3M
$12.3M
Q4 24
$39.3M
Q3 24
$27.4M
Q2 24
$33.0M
Q1 24
$35.6M
Total Debt
FVR
FVR
TRC
TRC
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FVR
FVR
TRC
TRC
Q4 25
$391.2M
$475.2M
Q3 25
$385.2M
$473.2M
Q2 25
$369.9M
$471.5M
Q1 25
$324.7M
$472.5M
Q4 24
$473.6M
Q3 24
$1.0K
$468.3M
Q2 24
$469.2M
Q1 24
$467.4M
Total Assets
FVR
FVR
TRC
TRC
Q4 25
$854.4M
$630.5M
Q3 25
$846.8M
$629.6M
Q2 25
$856.5M
$618.5M
Q1 25
$860.8M
$614.6M
Q4 24
$608.0M
Q3 24
$1.0K
$598.0M
Q2 24
$590.8M
Q1 24
$581.6M
Debt / Equity
FVR
FVR
TRC
TRC
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FVR
FVR
TRC
TRC
Operating Cash FlowLast quarter
$42.1M
$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
FVR
FVR
TRC
TRC
Q4 25
$42.1M
$6.1M
Q3 25
$8.3M
$-2.4M
Q2 25
$9.3M
$-381.0K
Q1 25
$8.1M
$-1.3M
Q4 24
$14.3M
Q3 24
$2.1M
Q2 24
$-1.8M
Q1 24
$777.0K
Free Cash Flow
FVR
FVR
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
FVR
FVR
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
FVR
FVR
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
FVR
FVR
TRC
TRC
Q4 25
3.88×
Q3 25
2.06×
-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.

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