Four Corners Property Trust Inc. (FCPT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.28	$0.27	-3.6%	—	$78.4M	—
Q1 26	$0.28	$0.28	0.0%	—	$78.2M	—
Q4 25	$0.28	$0.28	0.0%	—	$75.7M	—
Q3 25	$0.28	$0.28	0.0%	—	$74.1M	—
Q2 25	$0.27	$0.28	+3.7%	—	$72.8M	—
Q1 25	$0.27	$0.26	-3.7%	—	$71.5M	—
Q4 24	$0.28	$0.27	-3.6%	—	$68.3M	—
Q3 24	$0.27	$0.27	0.0%	—	$66.8M	—
Q2 24	$0.27	$0.27	0.0%	—	$66.5M	—
Q1 24	$0.26	$0.26	0.0%	—	$66.5M	—
Q4 23	$0.26	$0.27	+3.8%	—	$65.1M	—
Q3 23	$0.28	$0.27	-3.6%	—	$64.8M	—
Q2 23	$0.26	$0.27	+3.8%	—	$60.7M	—
Q1 23	$0.27	$0.27	0.0%	—	$60M	—
Q4 22	$0.28	$0.27	-3.6%	—	$57.4M	—
Q3 22	$0.28	$0.3	+7.1%	—	$56M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.09	—	—	$294.1M	—
FY24	—	$1.07	—	—	$268.1M	—
FY23	—	$1.08	—	—	$250.6M	—
FY22	—	$1.2	—	—	$223.2M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$124M	$133.2M	$143.6M	$160.2M	$170.9M	$199.4M	$223.2M	$250.6M	$268.1M	$294.1M
YoY change	+270.7%	+7.41%	+7.83%	+11.6%	+6.68%	+16.6%	+11.9%	+12.3%	+6.97%	+9.72%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	124M	133.2M	143.6M	160.2M	170.9M	199.4M	223.2M	250.6M	268.1M	294.1M
Cost of revenue	17.9M	18.9M	19.4M	21.2M	19.6M	29.6M	35.8M	40.3M	40.6M	43M
Gross profit	106.2M	114.3M	124.2M	139M	151.4M	169.8M	187.4M	210.3M	227.5M	251.1M
Gross margin	85.6%	85.8%	86.5%	86.8%	88.5%	85.2%	84%	83.9%	84.9%	85.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11M	12M	13.2M	13.9M	15M	17.6M	20M	22.7M	23.8M	26.8M
Operating expenses	11M	12M	13.2M	13.9M	15M	17.6M	20M	22.7M	23.8M	26.8M
Operating income	74.6M	80.5M	87.1M	98.8M	106.9M	117.3M	125.9M	136.9M	149.2M	163.9M
Operating margin	60.2%	60.4%	60.6%	61.6%	62.5%	58.8%	56.4%	54.6%	55.6%	55.7%
Non-operating income, net	16.7M	10.9M	16.1M	944K	170K	467K	8.7M	3.3M	963K	800K
Pretax income	76.5M	71.9M	83.2M	73.2M	77.8M	85.2M	98.1M	95.6M	100.9M	112.8M
Income tax	-80.3M	-18K	262K	265K	247K	-534K	237K	130K	308K	303K
Net income	156.8M	71.9M	82.9M	72.9M	77.6M	85.7M	97.9M	95.5M	100.6M	112.5M
Net margin	126.5%	54%	57.7%	45.5%	45.4%	43%	43.9%	38.1%	37.5%	38.2%
EBITDA	95.3M	102.6M	111.8M	126M	136.5M	152.2M	167.9M	188.6M	204.6M	225.1M
EPS	3.02	1.18	1.29	1.06	1.08	1.12	1.2	1.08	1.07	1.09
Diluted EPS	2.89	1.18	1.28	1.06	1.08	1.11	1.2	1.07	1.07	1.09

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	64.8M	65.1M	66.5M	66.5M	66.8M	68.3M	71.5M	72.8M	74.1M	75.7M	78.2M	78.4M
Cost of revenue	10.1M	9.8M	10.6M	10.2M	9.6M	10.1M	10.8M	10.7M	10.9M	10.5M	11.3M	11.4M
Gross profit	54.7M	55.3M	55.8M	56.3M	57.1M	58.2M	60.7M	62.1M	63.2M	65.1M	66.9M	67M
Gross margin	84.4%	85%	84%	84.7%	85.6%	85.2%	84.9%	85.2%	85.3%	86.1%	85.6%	85.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	5.5M	5.5M	6.2M	6M	5.8M	5.7M	7.6M	6.4M	6.5M	6.2M	7.5M	7.2M
Operating expenses	5.5M	5.5M	6.2M	6M	5.8M	5.7M	7.6M	6.4M	6.5M	6.2M	7.5M	7.2M
Operating income	35.8M	36.5M	36.1M	37M	37.7M	38.4M	38.6M	41M	41.7M	42.6M	43.2M	43.2M
Operating margin	55.2%	56%	54.4%	55.6%	56.4%	56.2%	54%	56.3%	56.2%	56.3%	55.3%	55.1%
Non-operating income, net	601K	398K	240K	150K	331K	242K	392K	113K	188K	107K	342K	684K
Pretax income	24.1M	24.5M	24.1M	24.8M	25.7M	26.3M	26.2M	28.1M	28.9M	29.6M	30.5M	30.1M
Income tax	-89K	80K	27K	86K	90K	105K	63K	112K	30K	98K	98K	67K
Net income	24.2M	24.5M	24.1M	24.7M	25.6M	26.2M	26.2M	28M	28.9M	29.5M	30.4M	30M
Net margin	37.3%	37.5%	36.2%	37.2%	38.3%	38.4%	36.6%	38.4%	38.9%	38.9%	38.8%	38.3%
EBITDA	49.5M	49.9M	49.8M	50.5M	51.6M	52.7M	53.4M	55.8M	56.9M	59M	59.8M	60.4M
EPS	0.27	—	0.26	0.27	0.27	0.27	0.26	0.28	0.28	0.28	0.28	0.27
Diluted EPS	0.27	—	0.26	0.27	0.27	0.27	0.26	0.28	0.28	0.28	0.28	0.27

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	1.6B	1.7B	1.9B	2.1B	2.3B	2.1B	2.2B	2.5B	2.4B	2.4B
Enterprise value	—	2B	2.2B	2.6B	2.9B	3.1B	3.1B	3.3B	3.7B	3.6B	3.7B
Shares outstanding	57M	60.6M	64M	68.4M	71.3M	76.7M	81.6M	88.5M	93.6M	102.7M	102.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	21.7	20.2	26.4	27.4	26.3	21.6	23.5	25.3	21.1	20.2
P/S	—	11.7	11.7	12	12.4	11.3	9.48	8.94	9.48	8.05	7.95
P/B	—	2.98	2.4	2.65	2.51	2.34	1.86	1.78	1.75	1.45	1.5
EV/EBITDA	—	19.6	19.7	20.6	21.1	20.6	18.4	17.7	18	15.8	15.6
EV/Sales	—	15.1	15.3	16.2	16.8	15.7	13.9	13.3	13.7	12.1	11.9
Earnings yield	—	4.61%	4.94%	3.78%	3.65%	3.8%	4.63%	4.26%	3.96%	4.75%	4.95%
FCF yield	—	5.07%	4.82%	5.43%	4.31%	5.43%	6.71%	7.37%	5.67%	8.12%	7.85%
PEG	—	—	—	—	—	—	—	—	—	—	-5.65

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	85.6%	85.8%	86.5%	86.8%	88.5%	85.2%	84%	83.9%	84.9%	85.4%	85.4%
Operating margin	60.2%	60.4%	60.6%	61.6%	62.5%	58.8%	56.4%	54.6%	55.6%	55.7%	55.1%
Net margin	126.5%	54%	57.7%	45.5%	45.4%	43%	43.9%	38.1%	37.5%	38.2%	38.7%
ROE	33.4%	13.8%	11.9%	10%	9.18%	8.9%	8.6%	7.58%	6.93%	6.9%	7.65%
ROA	16.7%	6.73%	6.17%	5.04%	4.65%	4.51%	4.45%	3.89%	3.79%	3.85%	3.7%
ROIC	8.46%	8.27%	7.1%	7.04%	6.68%	6.37%	5.94%	5.79%	5.74%	5.78%	5.96%
Return on tangible assets	16.8%	6.78%	6.35%	5.48%	5.26%	5.06%	4.93%	4.31%	4.18%	4.23%	4.33%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.13	2.57	3.99	0.31	0.51	0.3	0.09	0.06	0.2	0.3	0.25
Quick ratio	1.12	2.57	3.99	0.3	0.43	0.29	0.07	0.06	0.19	0.29	0.34
Debt / equity	0.93	0.99	0.88	0.93	0.9	0.92	0.88	0.89	0.79	0.74	0.78
Debt / assets	0.47	0.48	0.46	0.47	0.46	0.47	0.46	0.46	0.43	0.41	0.42
Net debt / EBITDA	4.33	4.4	4.69	5.32	5.5	5.78	5.81	5.84	5.57	5.32	5.23
Interest coverage	6.16	4.69	5.17	3.76	3.66	3.62	3.7	3.14	3.05	3.17	3.25
Effective tax rate	0%	0%	0.31%	0.36%	0.32%	0%	0.24%	0.14%	0.31%	0.27%	0.25%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.18	2.2	2.24	2.34	2.4	2.6	2.74	2.83	2.86	2.86	2.86
EPS (basic)	3.02	1.18	1.29	1.06	1.08	1.12	1.2	1.08	1.07	1.09	1.09
EPS (diluted)	2.89	1.18	1.28	1.06	1.08	1.11	1.2	1.07	1.07	1.09	1.1
Book value per share	8.25	8.61	10.9	10.6	11.8	12.6	14	14.2	15.5	15.9	14.8
FCF per share	1.24	1.3	1.26	1.53	1.28	1.6	1.74	1.87	1.54	1.87	1.77
Cash per share	0.47	1.06	1.44	0.07	0.16	0.08	0.32	0.18	0.04	0.12	0.36
Capex per share	0.42	0.26	—	—	—	—	—	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	19.4%	11.7%	—	—	—	—	—	—	—	—	—
Capex / operating cash flow	31.1%	19.5%	—	—	—	—	—	—	—	—	—
Payout ratio	77.5%	81.6%	83.8%	107.6%	111.3%	113%	109.8%	125.4%	127.3%	128%	132.2%
Dividend yield	—	3.77%	4.14%	4.07%	4.07%	4.3%	5.08%	5.35%	5.04%	6.08%	2.21%

Yield

2.21%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.122

ex-dividend Aug 31, 2026

Payout ratio

132%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.122
Jul 31, 2026	$0.122
Jun 30, 2026	$0.367
Mar 31, 2026	$0.367
Dec 31, 2025	$0.367
Sep 30, 2025	$0.355

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$64.8M	$65.1M	$66.5M	$66.5M	$66.8M	$68.3M	$71.5M	$72.8M	$74.1M	$75.7M	$78.2M	$78.4M
YoY change	+15.8%	+13.6%	+10.9%	+9.54%	+3.01%	+4.9%	+7.54%	+9.57%	+11%	+10.7%	+9.36%	+7.65%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	26.6M	64.5M	92M	5.1M	11.1M	6.3M	26.3M	16.3M	4.1M	12.1M
Receivables	162K	383K	782K	380K	1M	1.3M	2.7M	3M	3.5M	5.8M
Inventory	202K	186K	183K	196K	2.9M	252K	7.8M	238K	221K	246K
Total current assets	28.3M	71.9M	96.8M	10.7M	19.3M	12.3M	40.1M	30.5M	10.5M	20.9M
Property, plant & equipment	-22.2M	-149.5M	—	3.8M	5.4M	4.9M	4.4M	3.9M	3.4M	4.8M
Goodwill & intangibles	3.5M	7.7M	38M	115.8M	192.6M	208.5M	212.4M	236.1M	247.2M	258.7M
Total assets	937.2M	1.1B	1.3B	1.4B	1.7B	1.9B	2.2B	2.5B	2.7B	2.9B
Accounts payable	726K	1.1M	986K	799K	376K	550K	766K	1.3M	931K	751K
Short-term debt	—	—	—	—	—	—	424.1M	441.7M	—	—
Total current liabilities	25.1M	28M	24.2M	34.6M	38.2M	40.9M	471.3M	499.1M	53.3M	70.1M
Long-term debt	438.9M	515.5M	615.9M	676.1M	762.3M	885.1M	577.9M	676.8M	1.1B	1.2B
Total liabilities	467M	546.4M	644.1M	719.3M	823.7M	939.1M	1.1B	1.2B	1.2B	1.3B
Shareholders' equity	470.1M	522.3M	699M	726.7M	844.5M	963.9M	1.1B	1.3B	1.5B	1.6B
Total debt	438.9M	515.5M	615.9M	676.1M	762.3M	885.1M	1B	1.1B	1.1B	1.2B
Net debt	412.3M	451.1M	523.9M	671M	751.2M	878.8M	975.8M	1.1B	1.1B	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	6.7M	12.1M	29.6M	24.8M
Receivables	—	—	—	—	—	—	—	—	5.1M	5.8M	5.1M	4.3M
Inventory	—	—	—	—	—	—	—	—	185K	246K	237K	230K
Total current assets	—	—	—	—	—	—	—	—	14.8M	20.9M	39.2M	37.1M
Property, plant & equipment	—	—	—	—	—	—	—	—	4.9M	4.8M	4.7M	4.6M
Goodwill & intangibles	122.1M	118M	115.8M	114.1M	118.5M	123.6M	119.9M	122.2M	247.9M	258.7M	253.2M	256.8M
Total assets	—	—	—	—	—	—	—	—	2.8B	2.9B	3B	3B
Accounts payable	—	—	—	—	—	—	—	—	686K	751K	665K	695K
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	—	—	—	—	—	—	—	—	67M	70.1M	69.9M	109.9M
Long-term debt	—	—	—	—	—	—	—	—	1.2B	1.2B	1.2B	1.3B
Total liabilities	—	—	—	—	—	—	—	—	1.3B	1.3B	1.3B	1.4B
Shareholders' equity	—	—	—	—	—	—	—	—	1.5B	1.6B	1.7B	1.6B
Total debt	—	—	—	—	—	—	—	—	1.2B	1.2B	1.2B	1.3B
Net debt	—	—	—	—	—	—	—	—	1.2B	1.2B	1.2B	1.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	156.8M	71.9M	82.9M	72.9M	77.6M	85.7M	97.9M	95.5M	100.6M	112.5M
Depreciation & amortization	20.6M	21.8M	23.9M	26.3M	29.4M	34.8M	41.5M	50.7M	54.5M	59.6M
Stock-based compensation	1.6M	2.7M	4M	3.6M	3.4M	3.9M	5M	6.3M	7M	8.9M
Change in working capital	-22.4M	-18.1M	-25.6M	-9.6M	-30.9M	-5.3M	1.7M	10.9M	-22.5M	5.7M
Operating cash flow	77.5M	80.3M	87.1M	95.5M	82.9M	122.8M	150.1M	167.4M	144.1M	192.3M
Capital expenditure	24.1M	15.6M	—	—	—	—	—	—	—	—
Investing cash flow	48M	10.7M	—	—	—	—	—	—	—	250K
Dividends paid	-121.6M	-58.7M	-69.5M	-78.5M	-86.3M	-96.9M	-107.5M	-119.7M	-128.1M	-144M
Share repurchases	0	0	-393K	-2.7M	—	—	—	—	—	—
Financing cash flow	-83M	44.2M	189.6M	11.8M	143.6M	137.7M	148.9M	146.2M	108.1M	141M
Net change in cash	42.5M	135.2M	276.7M	107.3M	226.5M	260.6M	299M	313.6M	252.2M	333.6M
Free cash flow	70.9M	78.9M	80.9M	104.7M	91.5M	122.4M	142M	165.1M	144.1M	192.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	24.2M	24.5M	24.1M	24.7M	25.6M	26.2M	26.2M	28M	28.9M	29.5M	30.4M	30M
Depreciation & amortization	13.4M	13.3M	13.5M	13.3M	13.6M	14.1M	14.4M	14.6M	15.1M	15.5M	16.2M	16.6M
Stock-based compensation	1.5M	1.5M	1.6M	1.7M	1.8M	1.8M	2.8M	2M	2.2M	1.9M	2.6M	2.5M
Change in working capital	3.4M	-3.7M	-12.7M	-1.2M	1.3M	-9.8M	7M	-2.1M	1.6M	-863K	-3.3M	707K
Operating cash flow	43.4M	36.7M	27.6M	39.7M	43.4M	33.4M	51.6M	43.8M	48.9M	48M	47.2M	50.7M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Dividends paid	-30.7M	-30.7M	-31.5M	-31.7M	-31.7M	-33.2M	-35.4M	-35.4M	-36.2M	-37M	-39.6M	-40.1M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	186.1M	98.5M	-9.2M	-2.3M	57.3M	62.3M	24.7M	26.5M	35.4M	54.4M	-2.4M	7.3M
Net change in cash	229.6M	135.1M	18.4M	37.4M	100.7M	95.7M	76.3M	70.3M	84.3M	102.4M	44.8M	58M
Free cash flow	43.1M	36.4M	27.6M	39.7M	43.4M	33.4M	51.6M	43.8M	48.9M	48M	47.2M	50.7M

Four Corners Property Trust Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement