$16.35

+0.10 (+0.62%)

After Hours: $16.38 (+0.03, +0.18%)

Weekly Expected Move ±3.2%

$15 $16 $16 $17 $18

NYSE · Industrials · Conglomerates · Tech Score Neutral · Power 49 · $441.8M mcap · 25M float · 0.552% daily turnover · Short 44% of daily vol

Credit Risk of going bust: lower than 87% of companies Debt: 17.9% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.17 (down 99%), Tejon Ranch Co. would be worth roughly what it owes.
Total debt $95.9M against a stock market value of $439.1M.
Distance to default 12.23 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $48.0M (short-term plus half of long-term), stock volatility 21.1%; Altman Z'' 4.31. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

34.0 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: -0.1% · 5Y Avg: 0.9%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. TRC has No discernible competitive edge (34.0/100). The business operates without significant structural advantages. The primary source of advantage is Intangible Assets. Negative ROIC of -0.1% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 0Sell: 0Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$—

Analysts0

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. TRC receives an overall rating of B-. Strongest factors: D/E (4/5), P/B (4/5). Areas of concern: DCF (1/5), ROE (2/5), ROA (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-22	C+	B-
2026-10-16	B-	C+
2026-08-18	C+	B-
2026-08-12	B-	C+
2026-08-04	C+	B-
2026-07-01	B-	C+
2026-05-11	C	B-
2026-05-07	B-	C
2026-05-04	C+	B-
2026-04-01	B-	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 55 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

100

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. TRC scores highest in Momentum (100/100) and lowest in Profitability (25/100). An overall grade of A places TRC among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

2.44

Grey Zone

Piotroski F-Score

8/9

✓ ✓ ✓ ✓ ✗ ✓ ✓ ✓ ✓

Beneish M-Score

-2.34

Unlikely Manipulator

Ohlson O-Score

-8.91

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

BBB-

Score: 51.5/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 2.07x

Accruals: -1.0%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. TRC scores 2.44, placing it in the Grey Zone (safe > 2.99, distress < 1.81). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. TRC scores 8/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. TRC's score of -2.34 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. TRC's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. TRC receives an estimated rating of BBB- (score: 51.5/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). TRC's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

72.27x

PEG

0.03x

P/S

7.78x

P/B

0.90x

P/FCF

-18.71x

P/OCF

39.52x

EV/EBITDA

29.90x

EV/Revenue

10.09x

EV/EBIT

64.74x

EV/FCF

-21.78x

Earnings Yield

1.22%

FCF Yield

-5.35%

Shareholder Yield

0.00%

Graham Number

$9.66

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 72.3x earnings, TRC is priced for high growth expectations. Graham's intrinsic value formula yields $9.66 per share, 69% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.681

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.156

EBIT / Rev

Asset Turnover

0.090

Rev / Assets

Equity Multiplier

1.326

Assets / Equity

ROE

1.3%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. TRC's ROE of 1.3% is driven by a balanced combination of operating margin, asset efficiency, and leverage.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$1.95

Price/Value

9.61x

Margin of Safety

-860.56%

Premium

860.56%

Assessment

Overvalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with TRC's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. TRC trades at a 861% premium to its adjusted intrinsic value of $1.95, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 72.3x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$16.33

Median 1Y

$15.64

5th Pctile

$9.89

95th Pctile

$24.73

Ann. Volatility

28.3%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Matthew Walker Chief Executive Officer	$513,393	$1,441,679	$2,355,829
Gregory S. Bielli Chief Executive Officer	$380,301	$—	$1,450,913
Robert D. Velasquez Senior Vice President Chief Financial Officer, Chief Accounting Officer	$313,300	$211,722	$710,845
Hugh F. McMahon Executive Vice President, Real Estate	$315,800	$213,369	$709,056
Michael R.W. Houston Senior Vice President, General Counsel	$308,300	$208,329	$657,518
Brett A. Brown Executive Vice President Chief Financial Officer	$257,805	$269,400	$628,707
Allen E. Lyda Chief Operating Officer	$74,585	$—	$330,113

CEO Pay Ratio

Insufficient data for pay ratio.

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

-20.7% YoY

Revenue / Employee

$762,938

Rev: $49,591,000

Profit / Employee

$1,092

NI: $71,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	0.4%	1.2%	2.4%	1.6%	3.8%	3.5%	2.9%	3.1%	0.8%	0.7%	0.1%	0.3%	-0.0%	0.6%	0.5%	-0.1%	0.6%	0.0%	0.4%	1.3%	1.27%
ROA	0.3%	1.0%	2.0%	1.3%	3.1%	2.8%	2.4%	2.5%	0.6%	0.6%	0.1%	0.2%	-0.0%	0.5%	0.4%	-0.1%	0.5%	0.0%	0.3%	1.0%	0.96%
ROIC	-0.2%	-0.0%	0.8%	0.1%	2.0%	2.1%	1.5%	1.5%	-0.1%	-0.5%	-1.1%	-41.2%	-2.2%	-1.4%	-1.4%	0.6%	-1.8%	-0.1%	-0.4%	-0.1%	-0.06%
ROCE	-0.2%	-0.0%	1.1%	0.2%	2.4%	2.5%	1.6%	1.7%	-0.3%	-0.7%	-1.4%	-1.7%	-2.4%	-1.6%	-1.6%	-1.6%	-0.9%	-0.5%	0.2%	1.4%	1.41%
Gross Margin	5.4%	20.5%	36.3%	-1.4%	40.1%	19.0%	22.6%	5.8%	23.0%	4.3%	-20.1%	-3.4%	-7.8%	24.7%	0.9%	10.2%	7.1%	20.6%	7.9%	22.4%	22.35%
Operating Margin	-8.1%	-4.0%	24.8%	-25.0%	34.9%	-0.9%	4.0%	-30.7%	0.4%	-14.5%	-53.8%	-62.4%	-34.9%	11.9%	-50.7%	-48.8%	-16.9%	10.9%	-11.9%	2.4%	2.44%
Net Margin	1.5%	25.9%	20.5%	-7.2%	32.4%	11.4%	14.5%	4.4%	-3.3%	9.7%	-12.3%	16.8%	-16.9%	25.0%	-17.8%	-20.6%	14.0%	7.5%	1.6%	18.5%	18.48%
EBITDA Margin	1.7%	5.2%	29.4%	-13.3%	39.0%	6.5%	12.0%	-14.5%	10.4%	-3.4%	-40.2%	-46.3%	-23.7%	21.6%	-38.4%	-35.6%	20.0%	40.7%	35.2%	34.1%	34.14%
FCF Margin	-37.5%	-36.8%	-22.4%	-27.7%	-23.6%	-19.0%	-33.5%	-26.9%	-6.7%	-30.6%	-50.9%	-71.4%	-1.3%	-1.2%	-1.6%	-56.0%	-50.8%	-65.9%	-21.8%	-46.3%	-46.34%
OCF Margin	11.5%	5.1%	10.8%	11.3%	8.8%	10.8%	5.6%	10.5%	46.5%	30.5%	27.6%	29.0%	-0.1%	34.2%	28.6%	30.0%	19.7%	12.4%	21.2%	21.9%	21.94%
ROE 3Y Avg	snapshot only																				0.47%
ROE 5Y Avg	snapshot only																				1.22%
ROA 3Y Avg	snapshot only																				0.36%
ROIC 3Y Avg	snapshot only																				0.01%
ROIC Economic	snapshot only																				-0.06%
Cash ROA	snapshot only																				1.95%
Cash ROIC	snapshot only																				2.23%
CROIC	snapshot only																				-4.72%
NOPAT Margin	snapshot only																				-0.62%
Pretax Margin	snapshot only																				15.59%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				10.04%
SBC / Revenue	snapshot only																				2.00%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	252.77	94.60	45.15	57.02	22.24	31.86	36.68	32.46	117.99	140.88	715.44	361.52	-2066.69	158.58	198.88	-860.91	144.14	5825.30	300.97	81.65	72.274
P/S Ratio	9.08	9.10	7.37	7.07	5.11	6.36	6.91	6.85	9.44	10.28	10.35	11.60	11.75	10.18	9.97	10.05	9.24	8.58	9.98	8.67	7.783
P/B Ratio	1.08	1.15	1.08	0.92	0.83	1.09	1.05	0.99	0.93	0.98	0.88	0.98	1.01	0.90	0.90	0.97	0.91	0.89	1.07	1.03	0.903
P/FCF	-24.19	-24.70	-32.87	-25.53	-21.63	-33.55	-20.63	-25.45	-140.90	-33.56	-20.32	-16.25	-8.82	-8.24	-6.34	-17.96	-18.20	-13.01	-45.71	-18.71	-18.706
P/OCF	78.79	179.65	68.24	62.68	57.90	59.04	122.95	65.50	20.30	33.69	37.46	39.97	—	29.80	34.91	33.45	46.83	69.35	47.10	39.52	39.521
EV/EBITDA	132.92	117.66	45.16	70.98	20.73	26.20	33.75	31.65	147.26	400.59	-119.61	-90.37	-56.08	-101.98	-104.13	-107.48	3289.49	101.71	51.42	29.90	29.897
EV/Revenue	9.24	9.19	7.30	7.16	4.96	6.07	6.54	6.59	8.92	9.91	10.03	11.66	12.21	10.50	10.94	11.42	10.77	9.97	11.48	10.09	10.093
EV/EBIT	-433.24	-2061.92	79.72	358.42	27.76	35.04	51.17	46.91	-273.80	-119.88	-48.98	-46.76	-35.82	-47.82	-49.80	-52.32	-92.66	-162.28	439.50	64.74	64.736
EV/FCF	-24.62	-24.97	-32.55	-25.85	-21.00	-32.04	-19.52	-24.46	-133.13	-32.35	-19.70	-16.33	-9.17	-8.49	-6.96	-20.41	-21.20	-15.13	-52.55	-21.78	-21.777
Earnings Yield	0.4%	1.1%	2.2%	1.8%	4.5%	3.1%	2.7%	3.1%	0.8%	0.7%	0.1%	0.3%	-0.0%	0.6%	0.5%	-0.1%	0.7%	0.0%	0.3%	1.2%	1.22%
FCF Yield	-4.1%	-4.0%	-3.0%	-3.9%	-4.6%	-3.0%	-4.8%	-3.9%	-0.7%	-3.0%	-4.9%	-6.2%	-11.3%	-12.1%	-15.8%	-5.6%	-5.5%	-7.7%	-2.2%	-5.3%	-5.35%
PEG Ratio	snapshot only																				0.034
Price/Tangible Book	snapshot only																				1.200
EV/OCF	snapshot only																				46.008
EV/Gross Profit	snapshot only																				62.747
Shareholder Yield	snapshot only																				0.00%
Graham Number	snapshot only																				$9.66

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	4.17	4.04	3.79	5.12	5.72	6.90	6.66	6.57	4.90	6.90	4.86	3.43	2.84	4.13	2.68	2.24	2.66	4.14	2.76	2.92	2.920
Quick Ratio	3.78	3.67	3.36	4.34	5.30	6.62	6.22	5.96	4.41	6.60	4.48	2.95	2.46	3.90	2.35	1.66	2.06	3.78	2.25	2.06	2.055
Debt/Equity	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.11	0.13	0.14	0.16	0.17	0.19	0.20	0.20	0.20	0.201
Net Debt/Equity	0.02	0.01	-0.01	0.01	-0.02	-0.05	-0.06	-0.04	-0.05	-0.04	-0.03	0.01	0.04	0.03	0.09	0.13	0.15	0.15	0.16	0.17	0.169
Debt/Assets	0.10	0.10	0.09	0.09	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.09	0.10	0.11	0.12	0.13	0.15	0.15	0.15	0.15	0.150
Debt/EBITDA	14.90	12.11	4.86	8.63	2.81	2.72	3.63	3.50	17.44	43.31	-14.33	-10.19	-6.86	-15.52	-16.59	-17.03	604.88	19.33	8.40	5.00	5.000
Net Debt/EBITDA	2.29	1.25	-0.44	0.87	-0.62	-1.23	-1.92	-1.28	-8.59	-14.92	3.81	-0.47	-2.14	-3.07	-9.25	-12.86	466.43	14.21	6.70	4.22	4.216
Interest Coverage	—	—	—	—	—	—	—	—	—	-1.60	-3.54	-4.27	-5.93	—	—	—	—	—	—	—	—
Equity Multiplier	1.24	1.24	1.23	1.22	1.22	1.23	1.24	1.24	1.25	1.23	1.24	1.26	1.28	1.28	1.30	1.31	1.33	1.33	1.34	1.34	1.339
Cash Ratio	snapshot only																				1.386
Cash to Debt	snapshot only																				0.157
FCF to Debt	snapshot only																				-0.275
Defensive Interval	snapshot only																				668.8 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.10	0.10	0.12	0.11	0.14	0.14	0.13	0.12	0.08	0.08	0.07	0.07	0.07	0.07	0.07	0.07	0.08	0.08	0.08	0.09	0.090
Inventory Turnover	8.58	10.59	7.39	5.50	9.25	12.30	7.41	5.68	5.15	11.24	6.57	4.60	5.09	10.71	6.82	4.62	5.10	11.88	7.45	5.28	5.278
Receivables Turnover	6.61	10.05	28.52	28.20	14.04	14.50	26.89	26.06	10.64	6.99	14.09	16.54	11.86	5.15	12.80	22.00	11.81	5.73	13.08	25.85	25.853
Payables Turnover	11.69	11.64	9.50	11.37	12.75	11.55	10.99	9.84	7.07	6.66	5.09	4.10	4.75	5.15	3.69	3.51	4.50	6.07	5.03	6.08	6.076
DSO	55	36	13	13	26	25	14	14	34	52	26	22	31	71	29	17	31	64	28	14	14.1 days
DIO	43	34	49	66	39	30	49	64	71	32	56	79	72	34	54	79	72	31	49	69	69.2 days
DPO	31	31	38	32	29	32	33	37	52	55	72	89	77	71	99	104	81	60	73	60	60.1 days
Cash Conversion Cycle	67	39	24	47	37	23	30	41	54	30	10	12	26	34	-17	-8	21	34	4	23	23.2 days
Fixed Asset Turnover	snapshot only																				0.410
Operating Cycle	snapshot only																				83.3 days
Cash Velocity	snapshot only																				3.775
Capital Intensity	snapshot only																				11.252

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	6.2%	47.0%	70.0%	15.4%	44.0%	42.4%	7.4%	15.6%	-38.4%	-43.5%	-43.4%	-41.3%	-12.8%	-6.4%	7.0%	14.8%	15.7%	18.4%	19.2%	25.4%	25.45%
Net Income	-79.5%	8.2%	10.6%	2.5%	8.2%	2.0%	23.9%	96.8%	-78.6%	-79.3%	-95.7%	-91.1%	-1.1%	-17.6%	2.7%	-1.4%	14.1%	-97.3%	-21.1%	12.4%	12.41%
EPS	-79.7%	8.2%	10.6%	2.5%	8.2%	1.9%	23.2%	94.8%	-78.8%	-79.4%	-95.7%	-91.1%	-1.1%	-17.9%	2.7%	-1.4%	14.1%	-97.3%	-21.5%	12.6%	12.63%
FCF	-5.0%	-97.9%	-47.7%	-40.3%	9.2%	26.7%	-60.4%	-12.4%	82.5%	8.7%	13.9%	-55.5%	-16.3%	-2.8%	-2.3%	10.1%	55.9%	36.9%	83.4%	-3.9%	-3.91%
EBITDA	12.7%	3.4%	9.2%	47.9%	4.0%	3.2%	28.8%	1.4%	-84.4%	-94.0%	-1.2%	-1.4%	-4.1%	-4.9%	-34.1%	5.5%	1.0%	2.1%	3.5%	5.0%	4.99%
Op. Income	41.4%	96.1%	2.0%	2.6%	13.0%	53.8%	49.9%	7.1%	-1.1%	-1.3%	-1.9%	-2.0%	-8.1%	-1.5%	-14.8%	-0.4%	40.6%	13.5%	47.6%	94.8%	94.79%
OCF Growth	snapshot only																				-8.42%
Asset Growth	snapshot only																				3.39%
Equity Growth	snapshot only																				1.28%
Debt Growth	snapshot only																				17.09%
Shares Change	snapshot only																				-1.87%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	4.4%	6.8%	15.3%	7.6%	22.2%	17.0%	12.7%	14.4%	-2.0%	5.8%	1.1%	-7.8%	-8.2%	-9.0%	-13.3%	-8.0%	-14.7%	-14.5%	-10.3%	-5.5%	-5.47%
Revenue 5Y	1.4%	4.1%	11.3%	9.0%	15.3%	17.3%	10.2%	9.8%	0.2%	-0.4%	-1.4%	-3.3%	-0.4%	-3.3%	-2.8%	0.1%	-1.0%	5.6%	5.7%	2.4%	2.42%
EPS 3Y	-24.8%	7.2%	53.4%	15.3%	1.4%	13.6%	10.2%	16.8%	-26.5%	—	—	-15.2%	—	-20.8%	-41.8%	—	-44.5%	-83.4%	-49.9%	-24.4%	-24.41%
EPS 5Y	-10.0%	50.7%	—	—	—	—	48.3%	77.5%	-3.6%	-5.7%	-28.1%	-23.3%	—	-24.3%	-26.5%	—	-20.3%	—	—	24.3%	24.26%
Net Income 3Y	-24.3%	7.9%	54.3%	16.0%	1.4%	14.3%	10.7%	17.6%	-26.0%	—	—	-14.7%	—	-20.5%	-41.5%	—	-44.3%	-83.3%	-49.7%	-24.8%	-24.83%
Net Income 5Y	-6.2%	57.1%	—	—	—	—	49.1%	78.6%	-3.0%	-5.2%	-27.7%	-22.8%	—	-24.0%	-26.2%	—	-20.0%	—	—	24.2%	24.20%
EBITDA 3Y	-11.7%	-5.9%	53.3%	15.6%	—	72.0%	66.7%	1.1%	-4.5%	—	—	—	—	—	—	—	-79.6%	-35.8%	-5.9%	11.1%	11.06%
EBITDA 5Y	22.0%	—	—	—	—	—	56.7%	57.7%	-11.8%	-26.7%	—	—	—	—	—	—	-45.6%	—	—	37.0%	37.02%
Gross Profit 3Y	-11.2%	-1.9%	29.8%	10.6%	1.1%	43.5%	36.8%	46.4%	2.9%	32.0%	-15.4%	-45.3%	—	-41.8%	-40.0%	-25.7%	-35.2%	-36.1%	-28.5%	-21.7%	-21.72%
Gross Profit 5Y	-1.9%	15.6%	89.9%	53.0%	93.5%	55.3%	19.3%	21.9%	-4.7%	-9.5%	-23.5%	-29.9%	—	-24.9%	-13.8%	-5.9%	-5.2%	17.9%	16.6%	1.9%	1.88%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	-17.8%	-41.9%	4.7%	-8.3%	2.8%	-19.0%	-42.9%	-26.0%	-2.5%	-4.1%	-10.1%	-7.2%	—	71.9%	19.8%	27.5%	11.6%	-10.4%	39.7%	21.0%	20.98%
OCF 5Y	-18.7%	-12.8%	3.2%	-3.0%	-11.4%	-2.8%	-25.6%	-15.2%	14.8%	-1.0%	12.3%	6.1%	—	-2.3%	-10.6%	-4.8%	-16.9%	-16.9%	-6.6%	-2.8%	-2.75%
Assets 3Y	1.0%	1.1%	1.5%	1.2%	1.7%	1.7%	2.1%	2.3%	2.6%	2.5%	2.7%	3.1%	3.3%	3.6%	3.6%	4.1%	3.9%	3.6%	3.5%	3.7%	3.73%
Assets 5Y	3.8%	4.4%	4.3%	4.0%	4.7%	1.8%	1.9%	2.0%	2.0%	1.8%	2.0%	2.2%	2.3%	2.4%	2.7%	2.9%	3.2%	3.3%	3.4%	3.5%	3.47%
Equity 3Y	2.4%	1.7%	2.2%	2.3%	3.2%	2.4%	2.7%	2.7%	2.7%	2.8%	2.8%	2.6%	2.4%	2.4%	1.8%	1.7%	0.9%	0.9%	0.9%	1.0%	0.99%
Book Value 3Y	1.7%	1.1%	1.6%	1.6%	2.8%	1.8%	2.2%	2.0%	2.1%	2.4%	2.2%	2.0%	2.0%	2.0%	1.4%	1.2%	0.5%	0.6%	0.5%	1.6%	1.56%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.08	0.07	0.46	0.89	0.79	0.66	0.56	0.88	0.13	0.14	0.09	0.01	0.00	0.03	0.11	0.02	0.13	0.00	0.00	0.01	0.009
Earnings Stability	0.15	0.15	0.39	0.50	0.56	0.40	0.42	0.55	0.11	0.02	0.01	0.00	0.00	0.02	0.07	0.16	0.18	0.02	0.05	0.03	0.026
Margin Stability	0.59	0.59	0.34	0.56	0.23	0.40	0.60	0.70	0.70	0.53	0.41	0.47	0.00	0.45	0.39	0.37	0.15	0.27	0.30	0.38	0.380
Rev. Growth Consistency	1.00	0.50	0.50	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.50	0.00	0.00	0.50	0.500
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	0.50	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.20	0.93	0.50	0.20	0.20	0.50	0.92	0.20	0.200
Earnings Smoothness	0.00	—	—	0.00	0.00	0.01	0.79	0.35	0.00	0.00	0.00	0.00	—	0.81	0.00	—	—	0.00	0.76	—	—
ROE Trend	-0.01	0.00	0.01	0.00	0.02	0.03	0.02	0.02	-0.01	-0.02	-0.03	-0.02	-0.02	-0.01	-0.01	-0.02	0.00	-0.01	0.00	0.01	0.012
Gross Margin Trend	0.04	0.06	0.13	0.04	0.15	0.17	0.10	0.11	-0.04	-0.10	-0.21	-0.20	-0.29	-0.17	-0.07	-0.06	0.06	0.03	0.07	0.09	0.094
FCF Margin Trend	-0.13	-0.16	-0.09	-0.13	-0.10	0.13	-0.09	-0.02	0.24	-0.03	-0.23	-0.44	-1.18	-0.99	-1.15	-0.07	0.19	0.11	0.82	0.17	0.173
Sustainable Growth Rate	0.4%	1.2%	2.4%	1.6%	3.8%	3.5%	2.9%	3.1%	0.8%	0.7%	0.1%	0.3%	—	0.6%	0.5%	—	0.6%	0.0%	0.4%	1.3%	1.27%
Internal Growth Rate	0.3%	1.0%	2.0%	1.3%	3.2%	2.9%	2.4%	2.6%	0.6%	0.6%	0.1%	0.2%	—	0.5%	0.4%	—	0.5%	0.0%	0.3%	1.0%	0.97%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	3.21	0.53	0.66	0.91	0.38	0.54	0.30	0.50	5.81	4.18	19.10	9.04	0.22	5.32	5.70	-25.74	3.08	84.00	6.39	2.07	2.066
FCF/OCF	-3.26	-7.27	-2.08	-2.45	-2.68	-1.76	-5.96	-2.57	-0.14	-1.00	-1.84	-2.46	1068.80	-3.62	-5.51	-1.86	-2.57	-5.33	-1.03	-2.11	-2.113
FCF/Net Income	snapshot only																				-4.365
OCF/EBITDA	snapshot only																				0.650
CapEx/Revenue	49.0%	41.9%	33.2%	39.0%	32.5%	29.7%	39.1%	37.4%	53.2%	61.2%	78.6%	1.0%	1.3%	1.6%	1.9%	86.0%	70.5%	78.3%	43.0%	68.3%	68.28%
CapEx/Depreciation	snapshot only																				3.758
Accruals Ratio	-0.01	0.00	0.01	0.00	0.02	0.01	0.02	0.01	-0.03	-0.02	-0.02	-0.02	-0.00	-0.02	-0.02	-0.02	-0.01	-0.01	-0.01	-0.01	-0.010
Sloan Accruals	snapshot only																				-0.013
Cash Flow Adequacy	snapshot only																				0.321
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.00%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Shareholder Return	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.66	0.58	0.61	0.56	0.66	0.68	0.71	0.71	0.44	0.58	0.61	19.80	0.13	0.73	0.77	-0.31	1.23	0.06	0.41	0.68	0.681
Interest Burden (EBT/EBIT)	-2.55	-36.95	2.92	11.14	1.95	1.69	2.07	2.11	-5.62	-1.51	-0.11	-0.01	0.13	-0.40	-0.30	-0.17	-0.45	-0.38	3.09	1.00	1.000
EBIT Margin	-0.02	-0.00	0.09	0.02	0.18	0.17	0.13	0.14	-0.03	-0.08	-0.20	-0.25	-0.34	-0.22	-0.22	-0.22	-0.12	-0.06	0.03	0.16	0.156
Asset Turnover	0.10	0.10	0.12	0.11	0.14	0.14	0.13	0.12	0.08	0.08	0.07	0.07	0.07	0.07	0.07	0.07	0.08	0.08	0.08	0.09	0.090
Equity Multiplier	1.25	1.24	1.24	1.23	1.23	1.23	1.24	1.23	1.23	1.23	1.24	1.25	1.26	1.26	1.27	1.29	1.30	1.31	1.32	1.33	1.326

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.07	$0.20	$0.40	$0.27	$0.65	$0.59	$0.50	$0.53	$0.14	$0.12	$0.02	$0.05	$-0.01	$0.10	$0.08	$-0.02	$0.11	$0.00	$0.06	$0.23	$0.23
Book Value/Share	$16.45	$16.64	$16.90	$16.92	$17.34	$17.29	$17.32	$17.30	$17.38	$17.49	$17.45	$17.48	$17.44	$17.65	$17.60	$17.56	$17.62	$17.62	$17.60	$18.12	$18.71
Tangible Book/Share	$15.56	$14.71	$16.04	$15.06	$15.53	$15.53	$15.40	$15.39	$15.42	$15.54	$16.70	$16.74	$16.72	$16.94	$16.90	$15.12	$15.25	$15.30	$16.96	$15.59	$15.59
Revenue/Share	$1.96	$2.10	$2.48	$2.19	$2.82	$2.96	$2.64	$2.51	$1.72	$1.67	$1.49	$1.47	$1.49	$1.56	$1.59	$1.69	$1.73	$1.84	$1.89	$2.16	$2.16
FCF/Share	$-0.73	$-0.77	$-0.56	$-0.61	$-0.67	$-0.56	$-0.89	$-0.68	$-0.12	$-0.51	$-0.76	$-1.05	$-1.99	$-1.93	$-2.50	$-0.94	$-0.88	$-1.21	$-0.41	$-1.00	$-0.98
OCF/Share	$0.23	$0.11	$0.27	$0.25	$0.25	$0.32	$0.15	$0.26	$0.80	$0.51	$0.41	$0.43	$-0.00	$0.53	$0.45	$0.51	$0.34	$0.23	$0.40	$0.47	$0.47
Cash/Share	$1.71	$1.78	$2.12	$1.72	$2.32	$2.71	$2.84	$2.50	$2.71	$2.41	$2.26	$1.85	$1.54	$2.00	$1.23	$0.75	$0.78	$0.92	$0.72	$0.57	$0.57
EBITDA/Share	$0.14	$0.16	$0.40	$0.22	$0.67	$0.69	$0.51	$0.52	$0.10	$0.04	$-0.12	$-0.19	$-0.33	$-0.16	$-0.17	$-0.18	$0.01	$0.18	$0.42	$0.73	$0.73
Debt/Share	$2.03	$1.98	$1.95	$1.91	$1.90	$1.87	$1.86	$1.83	$1.81	$1.79	$1.79	$1.93	$2.23	$2.50	$2.77	$3.05	$3.42	$3.48	$3.54	$3.64	$3.64
Net Debt/Share	$0.31	$0.21	$-0.18	$0.19	$-0.42	$-0.85	$-0.98	$-0.67	$-0.89	$-0.62	$-0.48	$0.09	$0.70	$0.49	$1.55	$2.30	$2.64	$2.56	$2.82	$3.07	$3.07

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.441
Altman Z-Prime	snapshot only																				4.419
Piotroski F-Score	5	6	6	5	7	6	6	7	4	4	4	3	1	4	6	4	6	5	6	8	8
Beneish M-Score	-2.39	-2.36	-1.66	-11.94	-2.34	-2.49	-2.54	-3.17	-1.92	0.30	-1.91	-3.81	-4.61	-3.01	-15.67	-3.29	-2.91	-2.22	-2.49	-2.34	-2.337
Ohlson O-Score	snapshot only																				-8.910
ROIC (Greenblatt)	snapshot only																				5.56%
Net-Net WC	snapshot only																				$-4.36
EVA	snapshot only																				$-56194895.18

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB-
Credit Score	62.26	62.33	79.60	74.21	79.79	87.14	80.56	81.46	61.59	50.62	55.35	55.68	52.62	66.29	60.35	58.55	49.18	50.59	48.91	51.50	51.498
Credit Grade	snapshot only																				10
Credit Trend	snapshot only																				-7.049
Implied Spread (bps)	snapshot only																				350.000
Industry Credit Rank	snapshot only																				50
Sector Credit Rank	snapshot only																				38

TRC NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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