Four Corners Property Trust, In (FCPT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Four Corners Property Trust, In

NYSE•Real Estate•REIT - Retail

$23.06-0.44(-0.02%)Pre-market

Market Cap

$2.48B

P/E

20.9x

P/S

8.1x

P/B

1.5x

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.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Profitability (18/25); weakest: Cash & Earnings Quality (3/25).

Profitability18/25

Growth16/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality3/25

Strengths

Strong marginsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.9x5y range 19.7x – 28.0x

Currently near its 20-quarter median.

P/S · 8.1x5y range 8.1x – 11.7x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.5x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Red Flag

The last 6 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Price & Volume

Market Cap $2.48B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $306.40M
Q. Revenue: $78.42M
TTM EBITDA: $216.19M
TTM Op. Income: $152.07M
Q. Op. Income: $35.39M
TTM Net Income: $118.58M
Q. Net Income: $29.96M
EPS: $0.27
Shares Out.: $109.50M

$306.40M in TTM revenue grew 9.6% YoY, reaching $78.42M last quarter. TTM EBITDA of $216.19M and TTM operating income of $152.07M show growth is flowing through to the bottom line. TTM net income of $118.58M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 90.1%
EBITDA Margin: 66.3%
Op. Margin: 45.1%
Net Margin: 38.2%

Op. margin of 45.1% is down 1.1% YoY — costs are rising relative to revenue. Net margin at 38.2% and gross margin of 90.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.9x
P/S Ratio: 8.1x
P/B Ratio: 1.5x

At 20.9x P/E, the stock trades within typical market levels. P/S of 8.1x and P/B of 1.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 19% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.00B
Cash: $24.79M
Long-Term Debt: $1.25B
Book Value: $1.62B
D/E Ratio: 0.8
Debt/EBITDA: 24.1

With $3.00B in assets and $1.25B in long-term debt, D/E is 0.8and book value is $1.62B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 5% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $50.66M
TTM Free Cash Flow: $-71.90M
FCF Margin: -23.5%
FCF / Net Income: -0.6

TTM FCF of $-71.90M on $50.66M in operating cash flow. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.