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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and TEJON RANCH CO (TRC). Click either name above to swap in a different company.
PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $21.1M, roughly 1.9× TEJON RANCH CO). TEJON RANCH CO runs the higher net margin — 7.5% vs -26.0%, a 33.4% gap on every dollar of revenue. On growth, TEJON RANCH CO posted the faster year-over-year revenue change (17.7% vs -23.3%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% CAGR vs -20.9%).
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
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.
PETS vs TRC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.7M | $21.1M |
| Net Profit | $-10.6M | $1.6M |
| Gross Margin | 23.3% | 30.6% |
| Operating Margin | -25.7% | 10.9% |
| Net Margin | -26.0% | 7.5% |
| Revenue YoY | -23.3% | 17.7% |
| Net Profit YoY | -1392.6% | -64.7% |
| EPS (diluted) | $-0.50 | $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.
| Q4 25 | $40.7M | $21.1M | ||
| Q3 25 | $44.4M | $12.0M | ||
| Q2 25 | $51.2M | $8.3M | ||
| Q1 25 | $50.8M | $8.2M | ||
| Q4 24 | $52.0M | $17.9M | ||
| Q3 24 | $58.0M | $10.9M | ||
| Q2 24 | $66.2M | $5.7M | ||
| Q1 24 | $65.1M | $7.4M |
| Q4 25 | $-10.6M | $1.6M | ||
| Q3 25 | $-8.5M | $1.7M | ||
| Q2 25 | $-34.2M | $-1.7M | ||
| Q1 25 | $-11.6M | $-1.5M | ||
| Q4 24 | $-707.0K | $4.5M | ||
| Q3 24 | $2.3M | $-1.8M | ||
| Q2 24 | $3.8M | $957.0K | ||
| Q1 24 | $-5.0M | $-914.0K |
| Q4 25 | 23.3% | 30.6% | ||
| Q3 25 | 28.0% | 28.4% | ||
| Q2 25 | 28.1% | 40.9% | ||
| Q1 25 | 29.9% | 15.0% | ||
| Q4 24 | 31.0% | 42.9% | ||
| Q3 24 | 32.3% | 22.9% | ||
| Q2 24 | 28.8% | 45.3% | ||
| Q1 24 | 29.3% | 0.3% |
| Q4 25 | -25.7% | 10.9% | ||
| Q3 25 | -18.9% | -16.9% | ||
| Q2 25 | -66.7% | -48.8% | ||
| Q1 25 | -11.9% | -50.7% | ||
| Q4 24 | -0.9% | 11.9% | ||
| Q3 24 | 1.0% | -34.9% | ||
| Q2 24 | 6.6% | -62.4% | ||
| Q1 24 | -5.9% | -53.8% |
| Q4 25 | -26.0% | 7.5% | ||
| Q3 25 | -19.2% | 14.0% | ||
| Q2 25 | -66.7% | -20.6% | ||
| Q1 25 | -22.9% | -17.8% | ||
| Q4 24 | -1.4% | 25.0% | ||
| Q3 24 | 4.0% | -16.9% | ||
| Q2 24 | 5.7% | 16.8% | ||
| Q1 24 | -7.7% | -12.3% |
| Q4 25 | $-0.50 | $0.05 | ||
| Q3 25 | $-0.41 | $0.06 | ||
| Q2 25 | $-1.65 | $-0.06 | ||
| Q1 25 | $-0.56 | $-0.05 | ||
| Q4 24 | $-0.03 | $0.16 | ||
| Q3 24 | $0.11 | $-0.07 | ||
| Q2 24 | $0.18 | $0.04 | ||
| Q1 24 | $-0.24 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.9M | $9.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.8M | $475.2M |
| Total Assets | $88.0M | $630.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.9M | $9.5M | ||
| Q3 25 | $36.1M | $3.6M | ||
| Q2 25 | $41.1M | $2.5M | ||
| Q1 25 | $54.7M | $12.3M | ||
| Q4 24 | $50.1M | $39.3M | ||
| Q3 24 | $52.0M | $27.4M | ||
| Q2 24 | $46.0M | $33.0M | ||
| Q1 24 | $55.3M | $35.6M |
| Q4 25 | $32.8M | $475.2M | ||
| Q3 25 | $43.1M | $473.2M | ||
| Q2 25 | $51.5M | $471.5M | ||
| Q1 25 | $85.1M | $472.5M | ||
| Q4 24 | $96.2M | $473.6M | ||
| Q3 24 | $96.4M | $468.3M | ||
| Q2 24 | $93.5M | $469.2M | ||
| Q1 24 | $96.7M | $467.4M |
| Q4 25 | $88.0M | $630.5M | ||
| Q3 25 | $100.3M | $629.6M | ||
| Q2 25 | $109.8M | $618.5M | ||
| Q1 25 | $148.7M | $614.6M | ||
| Q4 24 | $144.8M | $608.0M | ||
| Q3 24 | $146.0M | $598.0M | ||
| Q2 24 | $152.7M | $590.8M | ||
| Q1 24 | $169.9M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.2M | $6.1M |
| Free Cash FlowOCF − Capex | $-9.2M | — |
| FCF MarginFCF / Revenue | -22.7% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 3.88× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.2M | $6.1M | ||
| Q3 25 | $-2.2M | $-2.4M | ||
| Q2 25 | $-12.3M | $-381.0K | ||
| Q1 25 | $7.0M | $-1.3M | ||
| Q4 24 | $-1.2M | $14.3M | ||
| Q3 24 | $7.4M | $2.1M | ||
| Q2 24 | $-8.5M | $-1.8M | ||
| Q1 24 | $7.1M | $777.0K |
| Q4 25 | $-9.2M | — | ||
| Q3 25 | $-4.8M | $-14.6M | ||
| Q2 25 | $-13.6M | $-20.0M | ||
| Q1 25 | $4.6M | $-18.9M | ||
| Q4 24 | $-1.9M | $-42.9M | ||
| Q3 24 | $6.1M | $-16.8M | ||
| Q2 24 | $-9.2M | $-15.8M | ||
| Q1 24 | $5.9M | $-7.3M |
| Q4 25 | -22.7% | — | ||
| Q3 25 | -10.8% | -122.2% | ||
| Q2 25 | -26.5% | -240.6% | ||
| Q1 25 | 9.1% | -230.1% | ||
| Q4 24 | -3.7% | -239.3% | ||
| Q3 24 | 10.6% | -155.2% | ||
| Q2 24 | -13.9% | -277.2% | ||
| Q1 24 | 9.0% | -99.0% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 5.9% | 102.3% | ||
| Q2 25 | 2.5% | 236.0% | ||
| Q1 25 | 4.7% | 213.7% | ||
| Q4 24 | 1.5% | 319.1% | ||
| Q3 24 | 2.2% | 174.3% | ||
| Q2 24 | 1.0% | 245.5% | ||
| Q1 24 | 1.9% | 109.5% |
| Q4 25 | — | 3.88× | ||
| Q3 25 | — | -1.43× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.19× | ||
| Q3 24 | 3.18× | — | ||
| Q2 24 | -2.27× | -1.88× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
TRC
Segment breakdown not available.
