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

Ardmore Shipping Corp is the larger business by last-quarter revenue ($81.2M vs $78.2M, roughly 1.0× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 15.7%, a 23.1% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -15.5%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -6.0%).

Ardmore Shipping Corp is a global maritime transport company that owns and operates a fleet of mid-sized product and chemical tankers. It provides seaborne transport for petroleum products, specialty chemicals and bulk liquid commodities, serving energy, chemical and trading clients across key international trade routes.

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.

ASC vs FCPT — Head-to-Head

Bigger by revenue
ASC
ASC
1.0× larger
ASC
$81.2M
$78.2M
FCPT
Growing faster (revenue YoY)
FCPT
FCPT
+24.8% gap
FCPT
9.4%
-15.5%
ASC
Higher net margin
FCPT
FCPT
23.1% more per $
FCPT
38.8%
15.7%
ASC
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ASC
ASC
FCPT
FCPT
Revenue
$81.2M
$78.2M
Net Profit
$12.8M
$30.4M
Gross Margin
Operating Margin
16.1%
55.3%
Net Margin
15.7%
38.8%
Revenue YoY
-15.5%
9.4%
Net Profit YoY
-47.0%
16.0%
EPS (diluted)
$0.30
$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
ASC
ASC
FCPT
FCPT
Q1 26
$78.2M
Q4 25
$75.7M
Q3 25
$81.2M
$74.1M
Q2 25
$72.0M
$72.8M
Q1 25
$74.0M
$71.5M
Q4 24
$68.3M
Q3 24
$96.1M
$66.8M
Q2 24
$121.3M
$66.5M
Net Profit
ASC
ASC
FCPT
FCPT
Q1 26
$30.4M
Q4 25
$29.4M
Q3 25
$12.8M
$28.8M
Q2 25
$9.6M
$27.9M
Q1 25
$6.3M
$26.2M
Q4 24
$26.2M
Q3 24
$24.1M
$25.6M
Q2 24
$62.7M
$24.7M
Operating Margin
ASC
ASC
FCPT
FCPT
Q1 26
55.3%
Q4 25
Q3 25
16.1%
Q2 25
13.5%
Q1 25
8.6%
Q4 24
Q3 24
25.4%
Q2 24
51.3%
Net Margin
ASC
ASC
FCPT
FCPT
Q1 26
38.8%
Q4 25
38.9%
Q3 25
15.7%
38.9%
Q2 25
13.3%
38.3%
Q1 25
8.5%
36.6%
Q4 24
38.3%
Q3 24
25.1%
38.3%
Q2 24
51.7%
37.1%
EPS (diluted)
ASC
ASC
FCPT
FCPT
Q1 26
$0.28
Q4 25
$0.27
Q3 25
$0.30
$0.28
Q2 25
$0.22
$0.28
Q1 25
$0.14
$0.26
Q4 24
$0.27
Q3 24
$0.55
$0.27
Q2 24
$1.47
$0.27

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
FCPT
FCPT
Cash + ST InvestmentsLiquidity on hand
$29.6M
Total DebtLower is stronger
$116.1M
Stockholders' EquityBook value
$628.2M
$1.7B
Total Assets
$799.8M
$3.0B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASC
ASC
FCPT
FCPT
Q1 26
$29.6M
Q4 25
$12.1M
Q3 25
$6.7M
Q2 25
$6.0M
Q1 25
$22.3M
Q4 24
$4.1M
Q3 24
$44.5M
Q2 24
$17.2M
Total Debt
ASC
ASC
FCPT
FCPT
Q1 26
Q4 25
$1.2B
Q3 25
$116.1M
$1.2B
Q2 25
$25.0M
$1.2B
Q1 25
$20.5M
$1.2B
Q4 24
$1.1B
Q3 24
$22.5M
$1.1B
Q2 24
$44.2M
$1.2B
Stockholders' Equity
ASC
ASC
FCPT
FCPT
Q1 26
$1.7B
Q4 25
$1.6B
Q3 25
$628.2M
$1.5B
Q2 25
$618.3M
$1.5B
Q1 25
$610.7M
$1.4B
Q4 24
$1.5B
Q3 24
$627.0M
$1.4B
Q2 24
$617.7M
$1.3B
Total Assets
ASC
ASC
FCPT
FCPT
Q1 26
$3.0B
Q4 25
$2.9B
Q3 25
$799.8M
$2.8B
Q2 25
$703.8M
$2.8B
Q1 25
$690.4M
$2.7B
Q4 24
$2.7B
Q3 24
$722.8M
$2.6B
Q2 24
$742.0M
$2.5B
Debt / Equity
ASC
ASC
FCPT
FCPT
Q1 26
Q4 25
0.74×
Q3 25
0.18×
0.79×
Q2 25
0.04×
0.81×
Q1 25
0.03×
0.84×
Q4 24
0.78×
Q3 24
0.04×
0.84×
Q2 24
0.07×
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
ASC
ASC
FCPT
FCPT
Operating Cash FlowLast quarter
$17.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
FCPT
FCPT
Q1 26
Q4 25
$192.3M
Q3 25
$17.9M
$48.9M
Q2 25
$11.2M
$43.8M
Q1 25
$26.3M
$51.6M
Q4 24
$144.1M
Q3 24
$39.9M
$43.4M
Q2 24
$48.4M
$39.7M
Cash Conversion
ASC
ASC
FCPT
FCPT
Q1 26
Q4 25
6.53×
Q3 25
1.40×
1.70×
Q2 25
1.17×
1.57×
Q1 25
4.20×
1.97×
Q4 24
5.51×
Q3 24
1.65×
1.70×
Q2 24
0.77×
1.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASC
ASC

Segment breakdown not available.

FCPT
FCPT

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

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