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TRC vs CTO
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Diversified
TRC vs CTO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Conglomerates | REIT - Diversified |
| Market Cap | $533M | $693M |
| Revenue (TTM) | $50M | $155M |
| Net Income (TTM) | $73K | $12M |
| Gross Margin | 12.3% | -2.8% |
| Operating Margin | -16.0% | 22.9% |
| Forward P/E | 328.7x | 56.4x |
| Total Debt | $94M | $648M |
| Cash & Equiv. | $10M | $6M |
TRC vs CTO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Tejon Ranch Co. (TRC) | 100 | 137.5 | +37.5% |
| CTO Realty Growth, … (CTO) | 100 | 147.2 | +47.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TRC vs CTO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TRC is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.44, Low D/E 19.2%, current ratio 4.14x
CTO carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 0.37, yield 8.5%
- Rev growth 20.1%, EPS growth 122.8%, 3Y rev CAGR 22.0%
- 81.8% 10Y total return vs TRC's -6.7%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 20.1% FFO/revenue growth vs TRC's 18.4% | |
| Value | Lower P/E (56.4x vs 328.7x) | |
| Quality / Margins | 7.9% margin vs TRC's 0.1% | |
| Stability / Safety | Beta 0.37 vs TRC's 0.44 | |
| Dividends | 8.5% yield; 2-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +23.2% vs TRC's +16.0% | |
| Efficiency (ROA) | 1.0% ROA vs TRC's 0.0%, ROIC 2.1% vs -1.1% |
TRC vs CTO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TRC vs CTO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CTO leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CTO is the larger business by revenue, generating $155M annually — 3.1x TRC's $50M. CTO is the more profitable business, keeping 7.9% of every revenue dollar as net income compared to TRC's 0.1%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $50M | $155M |
| EBITDAEarnings before interest/tax | -$47,000 | $94M |
| Net IncomeAfter-tax profit | $73,000 | $12M |
| Free Cash FlowCash after capex | -$33M | $69M |
| Gross MarginGross profit ÷ Revenue | +12.3% | -2.8% |
| Operating MarginEBIT ÷ Revenue | -16.0% | +22.9% |
| Net MarginNet income ÷ Revenue | +0.1% | +7.9% |
| FCF MarginFCF ÷ Revenue | -65.9% | +44.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.7% | +15.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -65.5% | +9.7% |
Valuation Metrics
CTO leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
At 256.6x trailing earnings, CTO trades at a 96% valuation discount to TRC's 7042.9x P/E.
| Metric | ||
|---|---|---|
| Market CapShares × price | $533M | $693M |
| Enterprise ValueMkt cap + debt − cash | $617M | $1.3B |
| Trailing P/EPrice ÷ TTM EPS | 7042.86x | 256.57x |
| Forward P/EPrice ÷ next-FY EPS est. | 328.67x | 56.43x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 14.33x |
| Price / SalesMarket cap ÷ Revenue | 10.74x | 4.63x |
| Price / BookPrice ÷ Book value/share | 1.08x | 1.17x |
| Price / FCFMarket cap ÷ FCF | — | 14.01x |
Profitability & Efficiency
Evenly matched — TRC and CTO each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
CTO delivers a 2.2% return on equity — every $100 of shareholder capital generates $2 in annual profit, vs $0 for TRC. TRC carries lower financial leverage with a 0.19x debt-to-equity ratio, signaling a more conservative balance sheet compared to CTO's 1.14x. On the Piotroski fundamental quality scale (0–9), TRC scores 6/9 vs CTO's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +0.0% | +2.2% |
| ROA (TTM)Return on assets | +0.0% | +1.0% |
| ROICReturn on invested capital | -1.1% | +2.1% |
| ROCEReturn on capital employed | -1.3% | +2.8% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.19x | 1.14x |
| Net DebtTotal debt minus cash | $84M | $642M |
| Cash & Equiv.Liquid assets | $10M | $6M |
| Total DebtShort + long-term debt | $94M | $648M |
| Interest CoverageEBIT ÷ Interest expense | — | 1.39x |
Total Returns (Dividends Reinvested)
CTO leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CTO five years ago would be worth $16,250 today (with dividends reinvested), compared to $12,434 for TRC. Over the past 12 months, CTO leads with a +23.2% total return vs TRC's +16.0%. The 3-year compound annual growth rate (CAGR) favors CTO at 15.4% vs TRC's 5.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +25.9% | +13.8% |
| 1-Year ReturnPast 12 months | +16.0% | +23.2% |
| 3-Year ReturnCumulative with dividends | +17.0% | +53.6% |
| 5-Year ReturnCumulative with dividends | +24.3% | +62.5% |
| 10-Year ReturnCumulative with dividends | -6.7% | +81.8% |
| CAGR (3Y)Annualised 3-year return | +5.4% | +15.4% |
Risk & Volatility
CTO leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CTO is the less volatile stock with a 0.37 beta — it tends to amplify market swings less than TRC's 0.44 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CTO currently trades 99.2% from its 52-week high vs TRC's 95.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.44x | 0.37x |
| 52-Week HighHighest price in past year | $20.68 | $20.67 |
| 52-Week LowLowest price in past year | $15.31 | $15.07 |
| % of 52W HighCurrent price vs 52-week peak | +95.4% | +99.2% |
| RSI (14)Momentum oscillator 0–100 | 54.4 | 67.1 |
| Avg Volume (50D)Average daily shares traded | 97K | 239K |
Analyst Outlook
CTO leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates TRC as "Buy" and CTO as "Buy". CTO is the only dividend payer here at 8.54% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | $21.50 |
| # AnalystsCovering analysts | 1 | 10 |
| Dividend YieldAnnual dividend ÷ price | — | +8.5% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | — | $1.75 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.5% |
CTO leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 1 category is tied.
TRC vs CTO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TRC or CTO a better buy right now?
For growth investors, CTO Realty Growth, Inc.
(CTO) is the stronger pick with 20. 1% revenue growth year-over-year, versus 18. 4% for Tejon Ranch Co. (TRC). CTO Realty Growth, Inc. (CTO) offers the better valuation at 256. 6x trailing P/E (56. 4x forward), making it the more compelling value choice. Analysts rate Tejon Ranch Co. (TRC) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TRC or CTO?
On trailing P/E, CTO Realty Growth, Inc.
(CTO) is the cheapest at 256. 6x versus Tejon Ranch Co. at 7042. 9x. On forward P/E, CTO Realty Growth, Inc. is actually cheaper at 56. 4x.
03Which is the better long-term investment — TRC or CTO?
Over the past 5 years, CTO Realty Growth, Inc.
(CTO) delivered a total return of +62. 5%, compared to +24. 3% for Tejon Ranch Co. (TRC). Over 10 years, the gap is even starker: CTO returned +81. 8% versus TRC's -6. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TRC or CTO?
By beta (market sensitivity over 5 years), CTO Realty Growth, Inc.
(CTO) is the lower-risk stock at 0. 37β versus Tejon Ranch Co. 's 0. 44β — meaning TRC is approximately 18% more volatile than CTO relative to the S&P 500. On balance sheet safety, Tejon Ranch Co. (TRC) carries a lower debt/equity ratio of 19% versus 114% for CTO Realty Growth, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — TRC or CTO?
By revenue growth (latest reported year), CTO Realty Growth, Inc.
(CTO) is pulling ahead at 20. 1% versus 18. 4% for Tejon Ranch Co. (TRC). On earnings-per-share growth, the picture is similar: CTO Realty Growth, Inc. grew EPS 122. 8% year-over-year, compared to -97. 2% for Tejon Ranch Co.. Over a 3-year CAGR, CTO leads at 22. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TRC or CTO?
CTO Realty Growth, Inc.
(CTO) is the more profitable company, earning 6. 7% net margin versus 0. 2% for Tejon Ranch Co. — meaning it keeps 6. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CTO leads at 22. 1% versus -16. 0% for TRC. At the gross margin level — before operating expenses — TRC leads at 12. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TRC or CTO more undervalued right now?
On forward earnings alone, CTO Realty Growth, Inc.
(CTO) trades at 56. 4x forward P/E versus 328. 7x for Tejon Ranch Co. — 272. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — TRC or CTO?
In this comparison, CTO (8.
5% yield) pays a dividend. TRC does not pay a meaningful dividend and should not be held primarily for income.
09Is TRC or CTO better for a retirement portfolio?
For long-horizon retirement investors, CTO Realty Growth, Inc.
(CTO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 37), 8. 5% yield). Both have compounded well over 10 years (CTO: +81. 8%, TRC: -6. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TRC and CTO?
These companies operate in different sectors (TRC (Industrials) and CTO (Real Estate)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
CTO pays a dividend while TRC does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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