TRC vs MRP Stock Comparison

Tejon Ranch and Millrose Properties Prices as of Oct 26, 2026 Peers: Industry group
TRC Tejon Ranch Co
$16.26 -1.0% 1M +0.6% 1Y
Market cap
$441.39M
P/E
73.1x
Revenue (TTM)
$56.84M
Div. yield
–
Real Estate Development Real Estate
2 wins
MRP Millrose Properties, Inc.
$23.90 -12.1% 1M -26.3% 1Y
Market cap
$4.06B
P/E
8.5x
Revenue (TTM)
$760.54M
Div. yield
0.12%
Real Estate Development Real Estate
6 wins

Head to Head

8 decided of 12

Millrose Properties leads on 6 of the 12 questions below (Millrose Properties 6, Tejon Ranch 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTRCMRPLeader
Larger companyMarket capitalisation $441.39M $4.06B MRP
Cheaper on earningsLower P/E, profitable companies only 73.1x 8.5x MRP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 95.6x 7.3x MRP
Faster revenue growthRevenue growth, trailing twelve months +25.4% — –
More profitableNet margin, trailing twelve months 10.6% 62.6% MRP
Better return on capitalReturn on invested capital 0.0% 7.5% MRP
Less leveragedLower net debt / EBITDA 12.9x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.12% –
Better 1-year returnPrice return, last 12 months +0.6% -26.3% TRC
Better 5-year returnAnnualised price return, 5 years -2.4%/yr — –
Less volatileAnnualised volatility, 1 year 21.4% 31.7% TRC
Higher overall scoreMean of the five percentile scores vs peers 57/100 89/100 MRP

Percentile Scorecard

TRCMRP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTRCMRP
Valuation 29 #28 of 39 82 #8 of 39
Growth 69 #11 of 33 100 #1 of 33
Profitability 52 #15 of 30 97 #2 of 30
Financial Health 78 #9 of 38 68 #13 of 38
Shareholder Returns – 100 #1 of 14
Overall 57 89
  • TRC ranked among 42 companies in Property Developers
  • MRP ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTRCMRPSPY
1 month -1.0%-12.1% -0.8%
3 months -7.7%-15.8% +3.5%
6 months -19.3%-22.1% +7.0%
Year to date +3.1%-20.0% +12.2%
1 year +0.6%-26.3% +13.0%
3 years +5.9%— +86.3%
3 years, per year +1.9%— +23.1%
5 years -11.4%— +68.6%
5 years, per year -2.4%— +11.0%
10 years -28.1%— +258.0%
10 years, per year -3.2%— +13.6%

Risk

MeasureTRCMRPSPY
Volatility, 1Y 21.4%31.7% 12.7%
Downside volatility, 1Y 20.8%33.6% 12.7%
Beta vs S&P 500, 1Y 0.230.72 1.00
Return / volatility, 1Y 0.03-0.83 1.02
Max drawdown, 5Y -32.4%-40.3% -25.4%
From 52-week high -20.6%-27.4% -1.8%
52-week high $20.48$32.90 $779.14
52-week low $15.58$21.21 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTRCMRP
P/E now vs peer median 72.7xmedian 7.8x 8.3xmedian 7.8x
P/S now vs peer median 7.7xmedian 4.9x 4.8xmedian 4.9x
EV/EBITDA now vs peer median 83.2xmedian 11.2x —median 11.2x
P/FCF now vs peer median -16.9xmedian 6.4x 1.0xmedian 6.4x
P/B now vs peer median 0.9xmedian 0.6x 0.6xmedian 0.6x
PEG now vs peer median -2.90median 0.33 —median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTRCMRP
Revenue $56.84M $760.54M
Operating income -$515.00K $647.29M
Net income $6.04M $476.06M
Free cash flow -$26.03M $3.75B
EPS (diluted) $0.22 $2.87
Cash & equivalents $3.87M $34.17M
Total debt $377.27M $2.48B
Shares (diluted) 27.07M 166.06M
Enterprise value $361.01M $3.70B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTRCMRP
P/E 72.7x 8.3x
P/FCF -16.9x 1.0x
P/Operating cash flow 35.2x 1.0x
P/S 7.7x 4.8x
P/B 0.9x 0.6x
P/Tangible book 0.9x 0.6x
EV/EBITDA 83.2x –
EV/EBIT -1,010x 9.5x
EV/Revenue 9.1x 8.1x
EV/FCF -20.0x 1.6x
EV/Operating cash flow 41.7x 1.6x
PEG (3Y EPS CAGR) -2.90 –

Growth

14 metrics
MetricTRCMRP
Revenue growth (1Y) 25.4% –
Revenue CAGR (3Y) – –
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) 94.8% 1,405%
Operating income CAGR (3Y) -27.1% –
Net income growth (1Y) 1,237% 1,962%
Net income CAGR (3Y) -24.8% –
EPS growth (1Y) 1,233% 890.5%
EPS CAGR (3Y) -25.1% –
Operating cash flow growth (1Y) -8.4% 3,932%
Operating cash flow CAGR (3Y) 21.0% –
Free cash flow growth (1Y) 55.6% 589.0%
Free cash flow CAGR (3Y) -24.6% –

Profitability

14 metrics
MetricTRCMRP
Gross margin – –
EBITDA margin 11.0% –
Operating margin -0.9% 85.1%
Pretax margin 5.1% 65.1%
Net margin 10.6% 62.6%
FCF margin -45.8% 492.6%
Operating cash flow margin 21.9% 492.6%
Return on equity 1.2% 8.1%
Return on assets 0.9% 4.9%
Return on invested capital 0.0% 7.5%
Return on capital employed -0.1% –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 2.1x 7.9x
Stock comp / revenue 2.0% 0.2%

Financial Health

11 metrics
MetricTRCMRP
Debt / assets 15.0% 25.5%
Debt / equity 0.2x 0.4x
Net debt / EBITDA 12.9x –
Debt / FCF -3.7x 0.7x
Liabilities / assets 22.9% 39.7%
Equity / assets 77.1% 60.3%
Interest coverage – 4.1x
Current ratio 2.9x –
Quick ratio 1.6x –
Cash ratio 1.4x –
Altman Z-score 2.17 –

Shareholder Returns

7 metrics
MetricTRCMRP
Dividend yield – 12.8%
Net buyback yield – –
Shareholder yield 0.0% 12.8%
Payout ratio (earnings) – 102.2%
Payout ratio (FCF) – 13.0%
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTRCMRP
Forward P/E 95.6xFY2026 7.3xFY2026
EPS, next fiscal year $0.17FY2026 $3.26FY2026
EPS growth, next FY +1,600.0%FY2026 +33.6%FY2026
EPS growth, the year after +147.1% -7.1%
Revenue, next fiscal year $57.93MFY2026 $840.33MFY2026
Revenue growth, next FY +16.8%FY2026 +39.9%FY2026
Revenue growth, the year after +23.5% +11.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTRCMRP
Held by institutions 78.6% 89.6%
Institutions holding 127 523
Change in shares held, QoQ +1.3% +1.8%
Institutions buying 61 280
Institutions selling 30 136
Buyers to sellers 2.03 2.06

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TRCMRP
TRC 1.00 0.26
MRP 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TRC and MRP?

Millrose Properties (MRP) is the largest by market capitalisation: Tejon Ranch (TRC) $441.39M, Millrose Properties (MRP) $4.06B.

Which stock is cheaper, TRC and MRP?

Millrose Properties (MRP) trades on the lowest price-to-earnings ratio (Tejon Ranch (TRC) 73.1x, Millrose Properties (MRP) 8.5x). On next year's consensus earnings, Millrose Properties (MRP) is cheapest (Tejon Ranch (TRC) 95.6x, Millrose Properties (MRP) 7.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is more profitable?

Millrose Properties (MRP) has the highest net margin (Tejon Ranch (TRC) 10.6%, Millrose Properties (MRP) 62.6%). On return on invested capital, Millrose Properties (MRP) leads (Tejon Ranch (TRC) 0.0%, Millrose Properties (MRP) 7.5%).

Which stock has performed better?

Over the past year Tejon Ranch (TRC) returned the most: Tejon Ranch (TRC) +0.6%, Millrose Properties (MRP) -26.3%. Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Tejon Ranch (TRC) 0.00%, Millrose Properties (MRP) 0.12%. Tejon Ranch (TRC) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Tejon Ranch (TRC) has been the steadiest (Tejon Ranch (TRC) 21.4%, Millrose Properties (MRP) 31.7%). Volatility measures how widely the price swings, not the risk of the business.

Do TRC and MRP move together?

Their daily returns over the past year have a correlation of 0.26, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, TRC and MRP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Millrose Properties (MRP) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.