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Side-by-side financial comparison of JOINT Corp (JYNT) 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 $15.2M, roughly 1.4× JOINT Corp). TEJON RANCH CO runs the higher net margin — 7.5% vs 6.5%, a 1.0% gap on every dollar of revenue. On growth, TEJON RANCH CO posted the faster year-over-year revenue change (17.7% vs 3.1%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% CAGR vs -28.6%).

The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.

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.

JYNT vs TRC — Head-to-Head

Bigger by revenue
TRC
TRC
1.4× larger
TRC
$21.1M
$15.2M
JYNT
Growing faster (revenue YoY)
TRC
TRC
+14.6% gap
TRC
17.7%
3.1%
JYNT
Higher net margin
TRC
TRC
1.0% more per $
TRC
7.5%
6.5%
JYNT
Faster 2-yr revenue CAGR
TRC
TRC
Annualised
TRC
68.8%
-28.6%
JYNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JYNT
JYNT
TRC
TRC
Revenue
$15.2M
$21.1M
Net Profit
$991.1K
$1.6M
Gross Margin
81.4%
30.6%
Operating Margin
4.9%
10.9%
Net Margin
6.5%
7.5%
Revenue YoY
3.1%
17.7%
Net Profit YoY
5510.5%
-64.7%
EPS (diluted)
$0.06
$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
JYNT
JYNT
TRC
TRC
Q4 25
$15.2M
$21.1M
Q3 25
$13.4M
$12.0M
Q2 25
$13.3M
$8.3M
Q1 25
$13.1M
$8.2M
Q4 24
$14.7M
$17.9M
Q3 24
$30.2M
$10.9M
Q2 24
$30.3M
$5.7M
Q1 24
$29.7M
$7.4M
Net Profit
JYNT
JYNT
TRC
TRC
Q4 25
$991.1K
$1.6M
Q3 25
$855.0K
$1.7M
Q2 25
$93.4K
$-1.7M
Q1 25
$967.8K
$-1.5M
Q4 24
$17.7K
$4.5M
Q3 24
$-3.2M
$-1.8M
Q2 24
$-3.6M
$957.0K
Q1 24
$947.0K
$-914.0K
Gross Margin
JYNT
JYNT
TRC
TRC
Q4 25
81.4%
30.6%
Q3 25
80.1%
28.4%
Q2 25
79.1%
40.9%
Q1 25
77.3%
15.0%
Q4 24
78.4%
42.9%
Q3 24
90.7%
22.9%
Q2 24
90.7%
45.3%
Q1 24
90.9%
0.3%
Operating Margin
JYNT
JYNT
TRC
TRC
Q4 25
4.9%
10.9%
Q3 25
1.2%
-16.9%
Q2 25
-8.6%
-48.8%
Q1 25
-5.2%
-50.7%
Q4 24
5.5%
11.9%
Q3 24
-1.6%
-34.9%
Q2 24
-5.9%
-62.4%
Q1 24
-1.4%
-53.8%
Net Margin
JYNT
JYNT
TRC
TRC
Q4 25
6.5%
7.5%
Q3 25
6.4%
14.0%
Q2 25
0.7%
-20.6%
Q1 25
7.4%
-17.8%
Q4 24
0.1%
25.0%
Q3 24
-10.5%
-16.9%
Q2 24
-11.9%
16.8%
Q1 24
3.2%
-12.3%
EPS (diluted)
JYNT
JYNT
TRC
TRC
Q4 25
$0.06
$0.05
Q3 25
$0.06
$0.06
Q2 25
$0.01
$-0.06
Q1 25
$0.06
$-0.05
Q4 24
$0.01
$0.16
Q3 24
$-0.21
$-0.07
Q2 24
$-0.24
$0.04
Q1 24
$0.06
$-0.03

Balance Sheet & Financial Strength

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

Metric
JYNT
JYNT
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$23.6M
$9.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.1M
$475.2M
Total Assets
$61.0M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JYNT
JYNT
TRC
TRC
Q4 25
$23.6M
$9.5M
Q3 25
$29.7M
$3.6M
Q2 25
$29.8M
$2.5M
Q1 25
$21.9M
$12.3M
Q4 24
$25.1M
$39.3M
Q3 24
$20.7M
$27.4M
Q2 24
$17.5M
$33.0M
Q1 24
$18.7M
$35.6M
Stockholders' Equity
JYNT
JYNT
TRC
TRC
Q4 25
$15.1M
$475.2M
Q3 25
$22.7M
$473.2M
Q2 25
$23.2M
$471.5M
Q1 25
$22.8M
$472.5M
Q4 24
$20.7M
$473.6M
Q3 24
$20.5M
$468.3M
Q2 24
$23.2M
$469.2M
Q1 24
$26.2M
$467.4M
Total Assets
JYNT
JYNT
TRC
TRC
Q4 25
$61.0M
$630.5M
Q3 25
$69.4M
$629.6M
Q2 25
$73.2M
$618.5M
Q1 25
$80.1M
$614.6M
Q4 24
$83.2M
$608.0M
Q3 24
$79.6M
$598.0M
Q2 24
$82.4M
$590.8M
Q1 24
$85.7M
$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
JYNT
JYNT
TRC
TRC
Operating Cash FlowLast quarter
$1.8M
$6.1M
Free Cash FlowOCF − Capex
$334.7K
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
9.9%
Cash ConversionOCF / Net Profit
1.86×
3.88×
TTM Free Cash FlowTrailing 4 quarters
$-1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JYNT
JYNT
TRC
TRC
Q4 25
$1.8M
$6.1M
Q3 25
$1.8M
$-2.4M
Q2 25
$868.6K
$-381.0K
Q1 25
$-3.7M
$-1.3M
Q4 24
$9.4M
$14.3M
Q3 24
$3.4M
$2.1M
Q2 24
$-973.5K
$-1.8M
Q1 24
$2.8M
$777.0K
Free Cash Flow
JYNT
JYNT
TRC
TRC
Q4 25
$334.7K
Q3 25
$1.5M
$-14.6M
Q2 25
$363.6K
$-20.0M
Q1 25
$-4.0M
$-18.9M
Q4 24
$8.2M
$-42.9M
Q3 24
$3.2M
$-16.8M
Q2 24
$-1.2M
$-15.8M
Q1 24
$2.4M
$-7.3M
FCF Margin
JYNT
JYNT
TRC
TRC
Q4 25
2.2%
Q3 25
10.9%
-122.2%
Q2 25
2.7%
-240.6%
Q1 25
-30.8%
-230.1%
Q4 24
55.9%
-239.3%
Q3 24
10.6%
-155.2%
Q2 24
-4.1%
-277.2%
Q1 24
8.1%
-99.0%
Capex Intensity
JYNT
JYNT
TRC
TRC
Q4 25
9.9%
Q3 25
2.4%
102.3%
Q2 25
3.8%
236.0%
Q1 25
2.5%
213.7%
Q4 24
8.1%
319.1%
Q3 24
0.8%
174.3%
Q2 24
0.9%
245.5%
Q1 24
1.3%
109.5%
Cash Conversion
JYNT
JYNT
TRC
TRC
Q4 25
1.86×
3.88×
Q3 25
2.07×
-1.43×
Q2 25
9.30×
Q1 25
-3.82×
Q4 24
532.98×
3.19×
Q3 24
Q2 24
-1.88×
Q1 24
2.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JYNT
JYNT

Transferred At Point In Time$12.8M84%
Transferred Over Time$2.4M16%

TRC
TRC

Segment breakdown not available.

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