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Side-by-side financial comparison of Sol-Gel Technologies Ltd. (SLGL) 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 $17.3M, roughly 1.2× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 7.5%, a 59.8% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 17.7%).

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

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.

SLGL vs TRC — Head-to-Head

Bigger by revenue
TRC
TRC
1.2× larger
TRC
$21.1M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+200.0% gap
SLGL
217.7%
17.7%
TRC
Higher net margin
SLGL
SLGL
59.8% more per $
SLGL
67.3%
7.5%
TRC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
SLGL
SLGL
TRC
TRC
Revenue
$17.3M
$21.1M
Net Profit
$11.6M
$1.6M
Gross Margin
30.6%
Operating Margin
65.1%
10.9%
Net Margin
67.3%
7.5%
Revenue YoY
217.7%
17.7%
Net Profit YoY
487.6%
-64.7%
EPS (diluted)
$4.17
$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
SLGL
SLGL
TRC
TRC
Q4 25
$21.1M
Q3 25
$12.0M
Q2 25
$17.3M
$8.3M
Q1 25
$8.2M
Q4 24
$17.9M
Q3 24
$10.9M
Q2 24
$5.4M
$5.7M
Q1 24
$7.4M
Net Profit
SLGL
SLGL
TRC
TRC
Q4 25
$1.6M
Q3 25
$1.7M
Q2 25
$11.6M
$-1.7M
Q1 25
$-1.5M
Q4 24
$4.5M
Q3 24
$-1.8M
Q2 24
$2.0M
$957.0K
Q1 24
$-914.0K
Gross Margin
SLGL
SLGL
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
SLGL
SLGL
TRC
TRC
Q4 25
10.9%
Q3 25
-16.9%
Q2 25
65.1%
-48.8%
Q1 25
-50.7%
Q4 24
11.9%
Q3 24
-34.9%
Q2 24
29.9%
-62.4%
Q1 24
-53.8%
Net Margin
SLGL
SLGL
TRC
TRC
Q4 25
7.5%
Q3 25
14.0%
Q2 25
67.3%
-20.6%
Q1 25
-17.8%
Q4 24
25.0%
Q3 24
-16.9%
Q2 24
36.4%
16.8%
Q1 24
-12.3%
EPS (diluted)
SLGL
SLGL
TRC
TRC
Q4 25
$0.05
Q3 25
$0.06
Q2 25
$4.17
$-0.06
Q1 25
$-0.05
Q4 24
$0.16
Q3 24
$-0.07
Q2 24
$0.71
$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
SLGL
SLGL
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$24.3M
$9.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.9M
$475.2M
Total Assets
$39.3M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLGL
SLGL
TRC
TRC
Q4 25
$9.5M
Q3 25
$3.6M
Q2 25
$24.3M
$2.5M
Q1 25
$12.3M
Q4 24
$39.3M
Q3 24
$27.4M
Q2 24
$26.5M
$33.0M
Q1 24
$35.6M
Stockholders' Equity
SLGL
SLGL
TRC
TRC
Q4 25
$475.2M
Q3 25
$473.2M
Q2 25
$31.9M
$471.5M
Q1 25
$472.5M
Q4 24
$473.6M
Q3 24
$468.3M
Q2 24
$34.9M
$469.2M
Q1 24
$467.4M
Total Assets
SLGL
SLGL
TRC
TRC
Q4 25
$630.5M
Q3 25
$629.6M
Q2 25
$39.3M
$618.5M
Q1 25
$614.6M
Q4 24
$608.0M
Q3 24
$598.0M
Q2 24
$42.0M
$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
SLGL
SLGL
TRC
TRC
Operating Cash FlowLast quarter
$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
SLGL
SLGL
TRC
TRC
Q4 25
$6.1M
Q3 25
$-2.4M
Q2 25
$-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
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
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.

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