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Side-by-side financial comparison of SUTRO BIOPHARMA, INC. (STRO) 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 $11.6M, roughly 1.8× SUTRO BIOPHARMA, INC.). On growth, TEJON RANCH CO posted the faster year-over-year revenue change (17.7% vs -21.4%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% CAGR vs -5.4%).

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

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.

STRO vs TRC — Head-to-Head

Bigger by revenue
TRC
TRC
1.8× larger
TRC
$21.1M
$11.6M
STRO
Growing faster (revenue YoY)
TRC
TRC
+39.0% gap
TRC
17.7%
-21.4%
STRO
Faster 2-yr revenue CAGR
TRC
TRC
Annualised
TRC
68.8%
-5.4%
STRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRO
STRO
TRC
TRC
Revenue
$11.6M
$21.1M
Net Profit
$1.6M
Gross Margin
30.6%
Operating Margin
10.9%
Net Margin
7.5%
Revenue YoY
-21.4%
17.7%
Net Profit YoY
35.4%
-64.7%
EPS (diluted)
$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
STRO
STRO
TRC
TRC
Q4 25
$11.6M
$21.1M
Q3 25
$9.7M
$12.0M
Q2 25
$63.7M
$8.3M
Q1 25
$17.4M
$8.2M
Q4 24
$14.8M
$17.9M
Q3 24
$8.5M
$10.9M
Q2 24
$25.7M
$5.7M
Q1 24
$13.0M
$7.4M
Net Profit
STRO
STRO
TRC
TRC
Q4 25
$1.6M
Q3 25
$-56.9M
$1.7M
Q2 25
$-11.5M
$-1.7M
Q1 25
$-76.0M
$-1.5M
Q4 24
$-72.4M
$4.5M
Q3 24
$-48.8M
$-1.8M
Q2 24
$-48.0M
$957.0K
Q1 24
$-58.2M
$-914.0K
Gross Margin
STRO
STRO
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
STRO
STRO
TRC
TRC
Q4 25
10.9%
Q3 25
-499.9%
-16.9%
Q2 25
-5.2%
-48.8%
Q1 25
-393.8%
-50.7%
Q4 24
-440.7%
11.9%
Q3 24
-797.2%
-34.9%
Q2 24
-189.4%
-62.4%
Q1 24
-435.0%
-53.8%
Net Margin
STRO
STRO
TRC
TRC
Q4 25
7.5%
Q3 25
-586.6%
14.0%
Q2 25
-18.0%
-20.6%
Q1 25
-436.6%
-17.8%
Q4 24
-489.2%
25.0%
Q3 24
-572.6%
-16.9%
Q2 24
-186.8%
16.8%
Q1 24
-447.5%
-12.3%
EPS (diluted)
STRO
STRO
TRC
TRC
Q4 25
$0.05
Q3 25
$-0.67
$0.06
Q2 25
$-0.14
$-0.06
Q1 25
$-0.91
$-0.05
Q4 24
$-27.63
$0.16
Q3 24
$-0.59
$-0.07
Q2 24
$-0.59
$0.04
Q1 24
$-0.59
$-0.03

Balance Sheet & Financial Strength

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

Metric
STRO
STRO
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$141.4M
$9.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-132.5M
$475.2M
Total Assets
$173.8M
$630.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRO
STRO
TRC
TRC
Q4 25
$141.4M
$9.5M
Q3 25
$167.6M
$3.6M
Q2 25
$205.1M
$2.5M
Q1 25
$249.0M
$12.3M
Q4 24
$316.9M
$39.3M
Q3 24
$388.3M
$27.4M
Q2 24
$375.6M
$33.0M
Q1 24
$267.6M
$35.6M
Stockholders' Equity
STRO
STRO
TRC
TRC
Q4 25
$-132.5M
$475.2M
Q3 25
$-87.3M
$473.2M
Q2 25
$-32.1M
$471.5M
Q1 25
$-25.8M
$472.5M
Q4 24
$44.6M
$473.6M
Q3 24
$111.2M
$468.3M
Q2 24
$152.2M
$469.2M
Q1 24
$98.0M
$467.4M
Total Assets
STRO
STRO
TRC
TRC
Q4 25
$173.8M
$630.5M
Q3 25
$209.7M
$629.6M
Q2 25
$262.4M
$618.5M
Q1 25
$321.4M
$614.6M
Q4 24
$387.2M
$608.0M
Q3 24
$451.8M
$598.0M
Q2 24
$489.0M
$590.8M
Q1 24
$403.4M
$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
STRO
STRO
TRC
TRC
Operating Cash FlowLast quarter
$-177.2M
$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
STRO
STRO
TRC
TRC
Q4 25
$-177.2M
$6.1M
Q3 25
$-38.2M
$-2.4M
Q2 25
$-44.7M
$-381.0K
Q1 25
$-67.9M
$-1.3M
Q4 24
$-71.7M
$14.3M
Q3 24
$-64.5M
$2.1M
Q2 24
$9.5M
$-1.8M
Q1 24
$-64.7M
$777.0K
Free Cash Flow
STRO
STRO
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
STRO
STRO
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
STRO
STRO
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
STRO
STRO
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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