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Side-by-side financial comparison of SOLESENCE, INC. (SLSN) 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 $12.5M, roughly 1.7× SOLESENCE, INC.). TEJON RANCH CO runs the higher net margin — 7.5% vs 1.3%, a 6.2% gap on every dollar of revenue. On growth, TEJON RANCH CO posted the faster year-over-year revenue change (17.7% vs -0.7%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% CAGR vs 12.5%).

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.

SLSN vs TRC — Head-to-Head

Bigger by revenue
TRC
TRC
1.7× larger
TRC
$21.1M
$12.5M
SLSN
Growing faster (revenue YoY)
TRC
TRC
+18.3% gap
TRC
17.7%
-0.7%
SLSN
Higher net margin
TRC
TRC
6.2% more per $
TRC
7.5%
1.3%
SLSN
Faster 2-yr revenue CAGR
TRC
TRC
Annualised
TRC
68.8%
12.5%
SLSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLSN
SLSN
TRC
TRC
Revenue
$12.5M
$21.1M
Net Profit
$163.0K
$1.6M
Gross Margin
27.5%
30.6%
Operating Margin
1.5%
10.9%
Net Margin
1.3%
7.5%
Revenue YoY
-0.7%
17.7%
Net Profit YoY
129.2%
-64.7%
EPS (diluted)
$0.00
$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
SLSN
SLSN
TRC
TRC
Q4 25
$12.5M
$21.1M
Q3 25
$14.6M
$12.0M
Q2 25
$20.4M
$8.3M
Q1 25
$14.6M
$8.2M
Q4 24
$12.6M
$17.9M
Q3 24
$16.9M
$10.9M
Q2 24
$13.0M
$5.7M
Q1 24
$9.9M
$7.4M
Net Profit
SLSN
SLSN
TRC
TRC
Q4 25
$163.0K
$1.6M
Q3 25
$-1.1M
$1.7M
Q2 25
$2.7M
$-1.7M
Q1 25
$80.0K
$-1.5M
Q4 24
$-559.0K
$4.5M
Q3 24
$3.0M
$-1.8M
Q2 24
$856.0K
$957.0K
Q1 24
$893.0K
$-914.0K
Gross Margin
SLSN
SLSN
TRC
TRC
Q4 25
27.5%
30.6%
Q3 25
23.1%
28.4%
Q2 25
28.9%
40.9%
Q1 25
23.1%
15.0%
Q4 24
22.0%
42.9%
Q3 24
36.2%
22.9%
Q2 24
28.7%
45.3%
Q1 24
36.3%
0.3%
Operating Margin
SLSN
SLSN
TRC
TRC
Q4 25
1.5%
10.9%
Q3 25
-5.4%
-16.9%
Q2 25
9.4%
-48.8%
Q1 25
1.8%
-50.7%
Q4 24
-1.8%
11.9%
Q3 24
19.0%
-34.9%
Q2 24
8.0%
-62.4%
Q1 24
11.3%
-53.8%
Net Margin
SLSN
SLSN
TRC
TRC
Q4 25
1.3%
7.5%
Q3 25
-7.7%
14.0%
Q2 25
13.1%
-20.6%
Q1 25
0.5%
-17.8%
Q4 24
-4.4%
25.0%
Q3 24
18.1%
-16.9%
Q2 24
6.6%
16.8%
Q1 24
9.0%
-12.3%
EPS (diluted)
SLSN
SLSN
TRC
TRC
Q4 25
$0.00
$0.05
Q3 25
$-0.02
$0.06
Q2 25
$0.04
$-0.06
Q1 25
$0.00
$-0.05
Q4 24
$0.00
$0.16
Q3 24
$0.04
$-0.07
Q2 24
$0.01
$0.04
Q1 24
$0.02
$-0.03

Balance Sheet & Financial Strength

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

Metric
SLSN
SLSN
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$1.3M
$9.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.6M
$475.2M
Total Assets
$50.1M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLSN
SLSN
TRC
TRC
Q4 25
$1.3M
$9.5M
Q3 25
$429.0K
$3.6M
Q2 25
$4.1M
$2.5M
Q1 25
$1.8M
$12.3M
Q4 24
$1.4M
$39.3M
Q3 24
$2.9M
$27.4M
Q2 24
$2.4M
$33.0M
Q1 24
$2.0M
$35.6M
Stockholders' Equity
SLSN
SLSN
TRC
TRC
Q4 25
$17.6M
$475.2M
Q3 25
$17.2M
$473.2M
Q2 25
$18.2M
$471.5M
Q1 25
$15.2M
$472.5M
Q4 24
$14.9M
$473.6M
Q3 24
$15.2M
$468.3M
Q2 24
$11.9M
$469.2M
Q1 24
$5.0M
$467.4M
Total Assets
SLSN
SLSN
TRC
TRC
Q4 25
$50.1M
$630.5M
Q3 25
$54.0M
$629.6M
Q2 25
$60.0M
$618.5M
Q1 25
$57.0M
$614.6M
Q4 24
$50.0M
$608.0M
Q3 24
$48.0M
$598.0M
Q2 24
$40.8M
$590.8M
Q1 24
$38.5M
$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
SLSN
SLSN
TRC
TRC
Operating Cash FlowLast quarter
$1.8M
$6.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.16×
3.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLSN
SLSN
TRC
TRC
Q4 25
$1.8M
$6.1M
Q3 25
$-2.5M
$-2.4M
Q2 25
$-654.0K
$-381.0K
Q1 25
$-7.2M
$-1.3M
Q4 24
$2.2M
$14.3M
Q3 24
$4.2M
$2.1M
Q2 24
$-565.0K
$-1.8M
Q1 24
$-3.9M
$777.0K
Free Cash Flow
SLSN
SLSN
TRC
TRC
Q4 25
Q3 25
$-14.6M
Q2 25
$-20.0M
Q1 25
$-18.9M
Q4 24
$-404.0K
$-42.9M
Q3 24
$2.8M
$-16.8M
Q2 24
$-1.0M
$-15.8M
Q1 24
$-3.9M
$-7.3M
FCF Margin
SLSN
SLSN
TRC
TRC
Q4 25
Q3 25
-122.2%
Q2 25
-240.6%
Q1 25
-230.1%
Q4 24
-3.2%
-239.3%
Q3 24
16.6%
-155.2%
Q2 24
-8.0%
-277.2%
Q1 24
-39.9%
-99.0%
Capex Intensity
SLSN
SLSN
TRC
TRC
Q4 25
Q3 25
102.3%
Q2 25
236.0%
Q1 25
213.7%
Q4 24
20.6%
319.1%
Q3 24
8.3%
174.3%
Q2 24
3.7%
245.5%
Q1 24
0.9%
109.5%
Cash Conversion
SLSN
SLSN
TRC
TRC
Q4 25
11.16×
3.88×
Q3 25
-1.43×
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
3.19×
Q3 24
1.38×
Q2 24
-0.66×
-1.88×
Q1 24
-4.32×

Financial Flow Comparison

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

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