NYSE · Financial Statements

Four Corners Property Trust, Inc. (FCPT) Financial Statements

$25.22 NYSE: FCPT Market Cap $2.77B

Four Corners Property Trust, Inc. most recently reported annual revenue of $294.0M, net profit of $112.0M. Revenue grew at an average annual rate of 11.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Four Corners Property Trust, Inc.: Revenue rose from $124.0M in 2016 to $294.0M in 2025, a change of +137.1% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 48.2% to 55.7%, a shift of +7.5 percentage points; the most recent year shows net profit of $112.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$124.0M$133.0M$144.0M$160.0M$171.0M$199.0M$223.0M$251.0M$268.0M$294.0M
Operating Expenses$64.0M$72.0M$57.0M$61.0M$64.0M$82.0M$97.0M$114.0M$119.0M$130.0M
Operating Profit$60.0M$61.0M$87.0M$99.0M$107.0M$117.0M$126.0M$137.0M$149.0M$164.0M
Operating Margin48.2%45.8%60.6%61.6%62.5%58.9%56.4%54.6%55.6%55.7%
Other Income$2.0M$-9.0M$-4.0M$-26.0M$-29.0M$-32.0M$-28.0M$-41.0M$-48.0M$-51.0M
Interest$15.0M$19.0M$20.0M$27.0M$29.0M$33.0M$36.0M$45.0M$49.0M$52.0M
Depreciation$49.0M$52.0M$55.0M$26.0M$29.0M$35.0M$41.0M$51.0M$55.0M$60.0M
Profit Before Tax$77.0M$72.0M$83.0M$73.0M$78.0M$85.0M$98.0M$96.0M$101.0M$113.0M
Tax$-105.0M$-30,000$310,000$360,000$320,000$-630,000$240,000$140,000$310,000$270,000
Net Profit$157.0M$71.0M$82.0M$73.0M$77.0M$86.0M$98.0M$95.0M$100.0M$112.0M
EPS$2.63$1.18$1.28$1.06$1.08$1.11$1.20$1.07$1.07$1.09
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$61.0M$65.0M$65.0M$66.0M$66.0M$67.0M$68.0M$71.0M$73.0M$74.0M$76.0M$78.0M
Operating Expenses$27.0M$29.0M$15.0M$30.0M$30.0M$29.0M$30.0M$33.0M$32.0M$32.0M$33.0M$35.0M
Operating Profit$33.0M$36.0M$50.0M$36.0M$37.0M$38.0M$38.0M$39.0M$41.0M$42.0M$43.0M$43.0M
Operating Margin55.0%55.2%76.5%54.4%55.6%56.4%56.1%54.0%56.3%56.2%56.3%55.3%
Interest$10.0M$12.0M$12.0M$12.0M$12.0M$12.0M$12.0M$13.0M$13.0M$65.0M$39.0M$13.0M
Profit Before Tax$24.0M$24.0M$25.0M$24.0M$25.0M$26.0M$26.0M$26.0M$28.0M$29.0M$30.0M$30.0M
Tax$380,000$-370,000$330,000$110,000$350,000$350,000$400,000$240,000$400,000$1.3M$330,000$-320,000
Net Profit$24.0M$24.0M$24.0M$24.0M$25.0M$26.0M$26.0M$26.0M$28.0M$29.0M$29.0M$30.0M
EPS$0.27$0.27$0.27$0.26$0.27$0.27$0.27$0.26$0.28$0.28$0.28$0.28

Over the 10 years reported for Four Corners Property Trust, Inc., borrowings increased from $439.0M in 2016 to $1.2B in 2025, cash stood at $12.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.30 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$937.0M$1.1B$1.3B$1.4B$1.7B$1.9B$2.2B$2.5B$2.7B$2.9B
Current Assets$27.0M$72.0M$97.0M$11.0M$19.0M$12.0M$40.0M$31.0M$11.0M$21.0M
Cash$27.0M$64.0M$92.0M$5.0M$11.0M$6.0M$26.0M$16.0M$4.0M$12.0M
Inventory$0$0$0$0$3.0M$0$8.0M$0$0$0
Receivables$0$0$1.0M$0$1.0M$1.0M$3.0M$3.0M$3.0M$6.0M
Fixed Assets$894.0M$966.0M$1.2B$4.0M$5.0M$5.0M$4.0M$4.0M$3.0M$5.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$1.5B$1.6B$1.8B$2.0B$0$1.7B$35.0M$8.0M$2.4B$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$467.0M$546.0M$644.0M$719.0M$824.0M$939.0M$1.1B$1.2B$1.2B$1.3B
Current Liabilities$15.0M$28.0M$24.0M$35.0M$38.0M$41.0M$47.0M$50.0M$53.0M$70.0M
Borrowings$439.0M$516.0M$616.0M$674.0M$762.0M$885.0M$1.0B$1.1B$1.1B$1.2B
Other Liabilities$28.0M$31.0M$28.0M$45.0M$61.0M$54.0M$60.0M$73.0M$59.0M$80.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$465.0M$514.0M$691.0M$721.0M$841.0M$962.0M$1.1B$1.3B$1.4B$1.6B

For Four Corners Property Trust, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $192.0M; free cash flow was positive in 7 of 10 years; financing activities used $10.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$71.0M$79.0M$81.0M$105.0M$91.0M$122.0M$142.0M$165.0M$144.0M$192.0M
Investing Cash Flow$-143.0M$-180.0M$-741.0M$-207.0M$-229.0M$-265.0M$-271.0M$-313.0M$-273.0M$-325.0M
Financing Cash Flow$0$-7.0M$-3.0M$-6.0M$-5.0M$-8.0M$-4.0M$-4.0M$-4.0M$-10.0M
Net Cash Flow$-71.0M$38.0M$24.0M$-88.0M$6.0M$-5.0M$20.0M$-2.0M$-21.0M$8.0M
Free Cash Flow$-12.0M$-16.0M$-166.0M$105.0M$91.0M$122.0M$142.0M$165.0M$144.0M$192.0M

Valuation & Return Ratios

MetricValue
PEG Ratio4.82
EV / EBITDA17.06
FCF Yield6.79%
Quick Ratio0.68
Interest Coverage3.22
Return 1Y3.94%
Return 3Y15.31%
Return 5Y18.33%

Four Corners Property Trust, Inc. (FCPT) financials — frequently asked questions

What is Four Corners Property Trust, Inc.'s annual revenue?

Four Corners Property Trust, Inc. (FCPT) reported annual revenue of $294.0M in its most recent fiscal year.

What is Four Corners Property Trust, Inc.'s net profit?

Four Corners Property Trust, Inc. (FCPT) reported net profit of $112.0M in its most recent fiscal year.

What is FCPT EV/EBITDA?

Four Corners Property Trust, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 17.06.

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