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Side-by-side financial comparison of Strawberry Fields REIT, Inc. (STRW) and TEJON RANCH CO (TRC). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $21.1M, roughly 1.9× TEJON RANCH CO). TEJON RANCH CO runs the higher net margin — 7.5% vs 5.0%, a 2.5% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 17.7%). Over the past eight quarters, TEJON RANCH CO's revenue compounded faster (68.8% CAGR vs 20.0%).

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

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.

STRW vs TRC — Head-to-Head

Bigger by revenue
STRW
STRW
1.9× larger
STRW
$40.1M
$21.1M
TRC
Growing faster (revenue YoY)
STRW
STRW
+13.8% gap
STRW
31.5%
17.7%
TRC
Higher net margin
TRC
TRC
2.5% more per $
TRC
7.5%
5.0%
STRW
Faster 2-yr revenue CAGR
TRC
TRC
Annualised
TRC
68.8%
20.0%
STRW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRW
STRW
TRC
TRC
Revenue
$40.1M
$21.1M
Net Profit
$2.0M
$1.6M
Gross Margin
30.6%
Operating Margin
52.4%
10.9%
Net Margin
5.0%
7.5%
Revenue YoY
31.5%
17.7%
Net Profit YoY
37.6%
-64.7%
EPS (diluted)
$0.15
$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
STRW
STRW
TRC
TRC
Q4 25
$40.1M
$21.1M
Q3 25
$39.7M
$12.0M
Q2 25
$37.9M
$8.3M
Q1 25
$37.3M
$8.2M
Q4 24
$30.5M
$17.9M
Q3 24
$29.5M
$10.9M
Q2 24
$29.3M
$5.7M
Q1 24
$27.8M
$7.4M
Net Profit
STRW
STRW
TRC
TRC
Q4 25
$2.0M
$1.6M
Q3 25
$2.0M
$1.7M
Q2 25
$2.0M
$-1.7M
Q1 25
$1.6M
$-1.5M
Q4 24
$1.5M
$4.5M
Q3 24
$944.0K
$-1.8M
Q2 24
$938.0K
$957.0K
Q1 24
$746.0K
$-914.0K
Gross Margin
STRW
STRW
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
STRW
STRW
TRC
TRC
Q4 25
52.4%
10.9%
Q3 25
56.6%
-16.9%
Q2 25
54.5%
-48.8%
Q1 25
54.1%
-50.7%
Q4 24
51.5%
11.9%
Q3 24
54.4%
-34.9%
Q2 24
52.3%
-62.4%
Q1 24
51.3%
-53.8%
Net Margin
STRW
STRW
TRC
TRC
Q4 25
5.0%
7.5%
Q3 25
5.1%
14.0%
Q2 25
5.2%
-20.6%
Q1 25
4.2%
-17.8%
Q4 24
4.8%
25.0%
Q3 24
3.2%
-16.9%
Q2 24
3.2%
16.8%
Q1 24
2.7%
-12.3%
EPS (diluted)
STRW
STRW
TRC
TRC
Q4 25
$0.15
$0.05
Q3 25
$0.16
$0.06
Q2 25
$0.16
$-0.06
Q1 25
$0.13
$-0.05
Q4 24
$0.17
$0.16
Q3 24
$0.14
$-0.07
Q2 24
$0.14
$0.04
Q1 24
$0.12
$-0.03

Balance Sheet & Financial Strength

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

Metric
STRW
STRW
TRC
TRC
Cash + ST InvestmentsLiquidity on hand
$31.8M
$9.5M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$12.1M
$475.2M
Total Assets
$885.2M
$630.5M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRW
STRW
TRC
TRC
Q4 25
$31.8M
$9.5M
Q3 25
$19.8M
$3.6M
Q2 25
$96.3M
$2.5M
Q1 25
$42.3M
$12.3M
Q4 24
$48.4M
$39.3M
Q3 24
$29.3M
$27.4M
Q2 24
$16.1M
$33.0M
Q1 24
$15.1M
$35.6M
Total Debt
STRW
STRW
TRC
TRC
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
STRW
STRW
TRC
TRC
Q4 25
$12.1M
$475.2M
Q3 25
$14.2M
$473.2M
Q2 25
$15.5M
$471.5M
Q1 25
$19.6M
$472.5M
Q4 24
$18.2M
$473.6M
Q3 24
$12.6M
$468.3M
Q2 24
$7.4M
$469.2M
Q1 24
$7.5M
$467.4M
Total Assets
STRW
STRW
TRC
TRC
Q4 25
$885.2M
$630.5M
Q3 25
$880.6M
$629.6M
Q2 25
$897.3M
$618.5M
Q1 25
$834.8M
$614.6M
Q4 24
$787.6M
$608.0M
Q3 24
$661.5M
$598.0M
Q2 24
$635.9M
$590.8M
Q1 24
$634.9M
$581.6M
Debt / Equity
STRW
STRW
TRC
TRC
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
STRW
STRW
TRC
TRC
Operating Cash FlowLast quarter
$90.0M
$6.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.62×
3.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRW
STRW
TRC
TRC
Q4 25
$90.0M
$6.1M
Q3 25
$20.7M
$-2.4M
Q2 25
$29.8M
$-381.0K
Q1 25
$19.0M
$-1.3M
Q4 24
$59.3M
$14.3M
Q3 24
$11.8M
$2.1M
Q2 24
$20.6M
$-1.8M
Q1 24
$2.1M
$777.0K
Free Cash Flow
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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
STRW
STRW
TRC
TRC
Q4 25
44.62×
3.88×
Q3 25
10.26×
-1.43×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
3.19×
Q3 24
12.53×
Q2 24
21.93×
-1.88×
Q1 24
2.85×

Financial Flow Comparison

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

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