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Side-by-side financial comparison of American Well Corp (AMWL) 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 $55.3M, roughly 1.4× American Well Corp). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -45.1%, a 83.9% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -22.1%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -3.6%).

The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter, Goodwin & Company, and Kinney Brothers. The company was one of the original 12 members of the Dow Jones Industrial Average in 1896. The American Tobacco Company dominated the industry by acquiring the Lucky Strike Company and over 200 other rival firms. Federal Antitrust action begun in 1907 broke the company into several ...

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.

AMWL vs FCPT — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.4× larger
FCPT
$78.2M
$55.3M
AMWL
Growing faster (revenue YoY)
FCPT
FCPT
+31.5% gap
FCPT
9.4%
-22.1%
AMWL
Higher net margin
FCPT
FCPT
83.9% more per $
FCPT
38.8%
-45.1%
AMWL
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-3.6%
AMWL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMWL
AMWL
FCPT
FCPT
Revenue
$55.3M
$78.2M
Net Profit
$-24.9M
$30.4M
Gross Margin
Operating Margin
-45.5%
55.3%
Net Margin
-45.1%
38.8%
Revenue YoY
-22.1%
9.4%
Net Profit YoY
41.6%
16.0%
EPS (diluted)
$-1.53
$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
AMWL
AMWL
FCPT
FCPT
Q1 26
$78.2M
Q4 25
$55.3M
$75.7M
Q3 25
$56.3M
$74.1M
Q2 25
$70.9M
$72.8M
Q1 25
$66.8M
$71.5M
Q4 24
$71.0M
$68.3M
Q3 24
$61.0M
$66.8M
Q2 24
$62.8M
$66.5M
Net Profit
AMWL
AMWL
FCPT
FCPT
Q1 26
$30.4M
Q4 25
$-24.9M
$29.4M
Q3 25
$-32.4M
$28.8M
Q2 25
$-19.7M
$27.9M
Q1 25
$-18.7M
$26.2M
Q4 24
$-42.7M
$26.2M
Q3 24
$-43.5M
$25.6M
Q2 24
$-49.9M
$24.7M
Operating Margin
AMWL
AMWL
FCPT
FCPT
Q1 26
55.3%
Q4 25
-45.5%
Q3 25
-52.1%
Q2 25
-28.7%
Q1 25
-45.5%
Q4 24
-60.2%
Q3 24
-77.6%
Q2 24
-83.4%
Net Margin
AMWL
AMWL
FCPT
FCPT
Q1 26
38.8%
Q4 25
-45.1%
38.9%
Q3 25
-57.5%
38.9%
Q2 25
-27.8%
38.3%
Q1 25
-28.0%
36.6%
Q4 24
-60.1%
38.3%
Q3 24
-71.2%
38.3%
Q2 24
-79.5%
37.1%
EPS (diluted)
AMWL
AMWL
FCPT
FCPT
Q1 26
$0.28
Q4 25
$-1.53
$0.27
Q3 25
$-2.00
$0.28
Q2 25
$-1.24
$0.28
Q1 25
$-1.19
$0.26
Q4 24
$-2.71
$0.27
Q3 24
$-2.87
$0.27
Q2 24
$-3.36
$0.27

Balance Sheet & Financial Strength

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

Metric
AMWL
AMWL
FCPT
FCPT
Cash + ST InvestmentsLiquidity on hand
$182.3M
$29.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$235.6M
$1.7B
Total Assets
$323.8M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWL
AMWL
FCPT
FCPT
Q1 26
$29.6M
Q4 25
$182.3M
$12.1M
Q3 25
$200.9M
$6.7M
Q2 25
$219.1M
$6.0M
Q1 25
$222.4M
$22.3M
Q4 24
$228.3M
$4.1M
Q3 24
$244.6M
$44.5M
Q2 24
$276.9M
$17.2M
Total Debt
AMWL
AMWL
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
AMWL
AMWL
FCPT
FCPT
Q1 26
$1.7B
Q4 25
$235.6M
$1.6B
Q3 25
$254.9M
$1.5B
Q2 25
$282.6M
$1.5B
Q1 25
$294.0M
$1.4B
Q4 24
$304.8M
$1.5B
Q3 24
$336.7M
$1.4B
Q2 24
$363.9M
$1.3B
Total Assets
AMWL
AMWL
FCPT
FCPT
Q1 26
$3.0B
Q4 25
$323.8M
$2.9B
Q3 25
$359.4M
$2.8B
Q2 25
$388.7M
$2.8B
Q1 25
$419.5M
$2.7B
Q4 24
$436.0M
$2.7B
Q3 24
$483.0M
$2.6B
Q2 24
$507.8M
$2.5B
Debt / Equity
AMWL
AMWL
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
AMWL
AMWL
FCPT
FCPT
Operating Cash FlowLast quarter
$-17.4M
Free Cash FlowOCF − Capex
$-17.4M
FCF MarginFCF / Revenue
-31.4%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWL
AMWL
FCPT
FCPT
Q1 26
Q4 25
$-17.4M
$192.3M
Q3 25
$-18.8M
$48.9M
Q2 25
$-4.7M
$43.8M
Q1 25
$-25.1M
$51.6M
Q4 24
$-13.4M
$144.1M
Q3 24
$-32.4M
$43.4M
Q2 24
$-21.8M
$39.7M
Free Cash Flow
AMWL
AMWL
FCPT
FCPT
Q1 26
Q4 25
$-17.4M
Q3 25
Q2 25
Q1 25
$-25.1M
Q4 24
$-13.4M
Q3 24
$-32.4M
Q2 24
$-21.8M
FCF Margin
AMWL
AMWL
FCPT
FCPT
Q1 26
Q4 25
-31.4%
Q3 25
Q2 25
Q1 25
-37.6%
Q4 24
-18.9%
Q3 24
-53.0%
Q2 24
-34.7%
Capex Intensity
AMWL
AMWL
FCPT
FCPT
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
AMWL
AMWL
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

AMWL
AMWL

Platform Subscription$28.8M52%
Visits$23.7M43%
Others$2.8M5%

FCPT
FCPT

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

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