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Side-by-side financial comparison of C3.ai, Inc. (AI) and Four Corners Property Trust, Inc. (FCPT). Click either name above to swap in a different company.

Four Corners Property Trust, Inc. is the larger business by last-quarter revenue ($78.2M vs $75.1M, roughly 1.0× C3.ai, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -139.3%, a 178.1% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -20.3%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -2.1%).

C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.

Four Corners Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns, and manages a portfolio of high-quality net-leased commercial properties. Its assets are primarily restaurant and retail locations across the United States, with tenants largely operating in stable consumer-facing industry segments with proven operational performance.

AI vs FCPT — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.0× larger
FCPT
$78.2M
$75.1M
AI
Growing faster (revenue YoY)
FCPT
FCPT
+29.7% gap
FCPT
9.4%
-20.3%
AI
Higher net margin
FCPT
FCPT
178.1% more per $
FCPT
38.8%
-139.3%
AI
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-2.1%
AI

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AI
AI
FCPT
FCPT
Revenue
$75.1M
$78.2M
Net Profit
$-104.7M
$30.4M
Gross Margin
40.4%
Operating Margin
-149.2%
55.3%
Net Margin
-139.3%
38.8%
Revenue YoY
-20.3%
9.4%
Net Profit YoY
-58.7%
16.0%
EPS (diluted)
$-0.75
$0.28

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AI
AI
FCPT
FCPT
Q1 26
$78.2M
Q4 25
$75.1M
$75.7M
Q3 25
$70.3M
$74.1M
Q2 25
$108.7M
$72.8M
Q1 25
$98.8M
$71.5M
Q4 24
$94.3M
$68.3M
Q3 24
$87.2M
$66.8M
Q2 24
$86.6M
$66.5M
Net Profit
AI
AI
FCPT
FCPT
Q1 26
$30.4M
Q4 25
$-104.7M
$29.4M
Q3 25
$-116.8M
$28.8M
Q2 25
$-79.7M
$27.9M
Q1 25
$-80.2M
$26.2M
Q4 24
$-66.0M
$26.2M
Q3 24
$-62.8M
$25.6M
Q2 24
$-72.9M
$24.7M
Gross Margin
AI
AI
FCPT
FCPT
Q1 26
Q4 25
40.4%
Q3 25
37.6%
Q2 25
62.1%
Q1 25
59.1%
Q4 24
61.3%
Q3 24
59.8%
Q2 24
59.6%
Operating Margin
AI
AI
FCPT
FCPT
Q1 26
55.3%
Q4 25
-149.2%
Q3 25
-177.7%
Q2 25
-81.8%
Q1 25
-88.7%
Q4 24
-79.8%
Q3 24
-83.2%
Q2 24
-95.1%
Net Margin
AI
AI
FCPT
FCPT
Q1 26
38.8%
Q4 25
-139.3%
38.9%
Q3 25
-166.2%
38.9%
Q2 25
-73.3%
38.3%
Q1 25
-81.2%
36.6%
Q4 24
-69.9%
38.3%
Q3 24
-72.0%
38.3%
Q2 24
-84.2%
37.1%
EPS (diluted)
AI
AI
FCPT
FCPT
Q1 26
$0.28
Q4 25
$-0.75
$0.27
Q3 25
$-0.86
$0.28
Q2 25
$-0.60
$0.28
Q1 25
$-0.62
$0.26
Q4 24
$-0.52
$0.27
Q3 24
$-0.50
$0.27
Q2 24
$-0.59
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AI
AI
FCPT
FCPT
Cash + ST InvestmentsLiquidity on hand
$675.0M
$29.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$771.9M
$1.7B
Total Assets
$961.3M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AI
AI
FCPT
FCPT
Q1 26
$29.6M
Q4 25
$675.0M
$12.1M
Q3 25
$711.9M
$6.7M
Q2 25
$742.7M
$6.0M
Q1 25
$724.3M
$22.3M
Q4 24
$730.4M
$4.1M
Q3 24
$762.5M
$44.5M
Q2 24
$750.4M
$17.2M
Total Debt
AI
AI
FCPT
FCPT
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
AI
AI
FCPT
FCPT
Q1 26
$1.7B
Q4 25
$771.9M
$1.6B
Q3 25
$798.8M
$1.5B
Q2 25
$838.3M
$1.5B
Q1 25
$860.2M
$1.4B
Q4 24
$859.0M
$1.5B
Q3 24
$874.9M
$1.4B
Q2 24
$873.4M
$1.3B
Total Assets
AI
AI
FCPT
FCPT
Q1 26
$3.0B
Q4 25
$961.3M
$2.9B
Q3 25
$968.7M
$2.8B
Q2 25
$1.0B
$2.8B
Q1 25
$1.1B
$2.7B
Q4 24
$1.0B
$2.7B
Q3 24
$1.1B
$2.6B
Q2 24
$1.0B
$2.5B
Debt / Equity
AI
AI
FCPT
FCPT
Q1 26
Q4 25
0.74×
Q3 25
0.79×
Q2 25
0.81×
Q1 25
0.84×
Q4 24
0.78×
Q3 24
0.84×
Q2 24
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AI
AI
FCPT
FCPT
Operating Cash FlowLast quarter
$-46.5M
Free Cash FlowOCF − Capex
$-46.9M
FCF MarginFCF / Revenue
-62.4%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AI
AI
FCPT
FCPT
Q1 26
Q4 25
$-46.5M
$192.3M
Q3 25
$-33.5M
$48.9M
Q2 25
$11.3M
$43.8M
Q1 25
$-22.0M
$51.6M
Q4 24
$-38.7M
$144.1M
Q3 24
$8.0M
$43.4M
Q2 24
$21.3M
$39.7M
Free Cash Flow
AI
AI
FCPT
FCPT
Q1 26
Q4 25
$-46.9M
Q3 25
$-34.3M
Q2 25
$10.3M
Q1 25
$-22.4M
Q4 24
$-39.5M
Q3 24
$7.1M
Q2 24
$18.8M
FCF Margin
AI
AI
FCPT
FCPT
Q1 26
Q4 25
-62.4%
Q3 25
-48.8%
Q2 25
9.5%
Q1 25
-22.7%
Q4 24
-41.9%
Q3 24
8.2%
Q2 24
21.7%
Capex Intensity
AI
AI
FCPT
FCPT
Q1 26
Q4 25
0.5%
Q3 25
1.1%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.9%
Q3 24
1.1%
Q2 24
2.9%
Cash Conversion
AI
AI
FCPT
FCPT
Q1 26
Q4 25
6.53×
Q3 25
1.70×
Q2 25
1.57×
Q1 25
1.97×
Q4 24
5.51×
Q3 24
1.70×
Q2 24
1.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AI
AI

License And Service$70.2M93%
Professional Services$4.9M7%

FCPT
FCPT

Rental revenue$69.8M89%
Restaurant revenue$8.4M11%

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