Four Corners Property Trust, Inc. (FCPT) Stock Analysis
Real Estate · REIT - Retail · NYSE
Four Corners Property Trust, Inc. (FCPT) posted $294.13M in revenue for fiscal 2025 (up 9.7% year over year), at a 38.2% net margin, and has compounded revenue about 11.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Four Corners Property Trust, Inc.
Four Corners Property Trust, Inc. has grown revenue from $124.02M to $294.13M over the last 10 fiscal years, compounding about 11.5% a year. The most recent year was up 9.7%, so growth has cooled from its longer-run pace.
Net margin sits at 38.2%, up 0.7 points year over year. It carries about $1.20B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from Four Corners Property Trust, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Four Corners Property Trust, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124.02M | $133.21M | $143.63M | $160.23M | $170.94M | $199.38M | $223.19M | $250.61M | $268.07M | $294.13M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $156.81M | $71.39M | $82.40M | $72.62M | $77.33M | $85.58M | $97.77M | $95.34M | $100.47M | $112.36M |
| Net margin | 126.4% | 53.6% | 57.4% | 45.3% | 45.2% | 42.9% | 43.8% | 38.0% | 37.5% | 38.2% |
Source: Four Corners Property Trust, Inc. SEC filings (10-K). 13 years of history available in the interactive view.
Four Corners Property Trust, Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 34.8% over 4 years (80.3M → 108.2M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $1204.2M is 6.3× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 43.8% to 38.2% over ~3 years — profitability is compressing.
Explore 13 years of Four Corners Property Trust, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Four Corners Property Trust, Inc. financial history by metric
Compare Four Corners Property Trust, Inc. with peers
About Four Corners Property Trust, Inc.
Four Corners Property Trust, Inc. is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Four Corners Property Trust, Inc is headquartered in Mill Valley, California. Four Corners Property Trust, Inc. was established on July 02, 2015 and incorporated in Maryland.
Four Corners Property Trust, Inc. — frequently asked questions
What is Four Corners Property Trust, Inc.'s revenue?
Four Corners Property Trust, Inc. (FCPT) reported revenue of $294.13M for fiscal year 2025, up 9.7% from the prior year, according to its SEC filings.
Is Four Corners Property Trust, Inc. profitable?
Yes. FCPT earned net income of $112.36M in fiscal 2025, a net margin of 38.2%.
What is FCPT's P/E ratio?
Four Corners Property Trust, Inc. trades at a price-to-earnings ratio of about 22.7 based on the latest data in our nightly-refreshed cache.
How fast is Four Corners Property Trust, Inc. growing?
FCPT's revenue grew at roughly 11.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Four Corners Property Trust, Inc. have?
As of fiscal year 2025, FCPT carried roughly $1.20B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Four Corners Property Trust, Inc.'s market cap?
Four Corners Property Trust, Inc. (FCPT) has a market capitalization of about $2.77B, based on the latest data in our nightly-refreshed cache.
When does Four Corners Property Trust, Inc.'s fiscal year end?
FCPT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Four Corners Property Trust, Inc.'s official SEC filings (10-K and 10-Q), covering 13 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.