vs
Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Four Corners Property Trust, Inc. (FCPT). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $78.2M, roughly 1.8× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 9.7%, a 29.2% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -0.8%). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs 8.4%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
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.
BB vs FCPT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $78.2M |
| Net Profit | $13.7M | $30.4M |
| Gross Margin | 77.5% | — |
| Operating Margin | 8.4% | 55.3% |
| Net Margin | 9.7% | 38.8% |
| Revenue YoY | -0.8% | 9.4% |
| Net Profit YoY | 224.5% | 16.0% |
| EPS (diluted) | $0.02 | $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.
| Q1 26 | — | $78.2M | ||
| Q4 25 | $141.8M | $75.7M | ||
| Q3 25 | $129.6M | $74.1M | ||
| Q2 25 | $121.7M | $72.8M | ||
| Q1 25 | $141.7M | $71.5M | ||
| Q4 24 | $143.6M | $68.3M | ||
| Q3 24 | $126.2M | $66.8M | ||
| Q2 24 | $123.4M | $66.5M |
| Q1 26 | — | $30.4M | ||
| Q4 25 | $13.7M | $29.4M | ||
| Q3 25 | $13.3M | $28.8M | ||
| Q2 25 | $1.9M | $27.9M | ||
| Q1 25 | $-7.4M | $26.2M | ||
| Q4 24 | $-10.5M | $26.2M | ||
| Q3 24 | $-19.7M | $25.6M | ||
| Q2 24 | $-41.4M | $24.7M |
| Q1 26 | — | — | ||
| Q4 25 | 77.5% | — | ||
| Q3 25 | 74.5% | — | ||
| Q2 25 | 74.2% | — | ||
| Q1 25 | 73.5% | — | ||
| Q4 24 | 78.1% | — | ||
| Q3 24 | 70.2% | — | ||
| Q2 24 | 72.9% | — |
| Q1 26 | — | 55.3% | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | -5.6% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | -10.5% | — |
| Q1 26 | — | 38.8% | ||
| Q4 25 | 9.7% | 38.9% | ||
| Q3 25 | 10.3% | 38.9% | ||
| Q2 25 | 1.6% | 38.3% | ||
| Q1 25 | -5.2% | 36.6% | ||
| Q4 24 | -7.3% | 38.3% | ||
| Q3 24 | -15.6% | 38.3% | ||
| Q2 24 | -33.5% | 37.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.02 | $0.27 | ||
| Q3 25 | $0.02 | $0.28 | ||
| Q2 25 | $0.00 | $0.28 | ||
| Q1 25 | $-0.01 | $0.26 | ||
| Q4 24 | $-0.02 | $0.27 | ||
| Q3 24 | $-0.03 | $0.27 | ||
| Q2 24 | $-0.07 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $304.2M | $29.6M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $1.7B |
| Total Assets | $1.2B | $3.0B |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.6M | ||
| Q4 25 | $304.2M | $12.1M | ||
| Q3 25 | $290.5M | $6.7M | ||
| Q2 25 | $306.6M | $6.0M | ||
| Q1 25 | $337.8M | $22.3M | ||
| Q4 24 | $220.0M | $4.1M | ||
| Q3 24 | $211.0M | $44.5M | ||
| Q2 24 | $229.0M | $17.2M |
| Q1 26 | — | — | ||
| Q4 25 | $196.2M | $1.2B | ||
| Q3 25 | $195.9M | $1.2B | ||
| Q2 25 | $195.6M | $1.2B | ||
| Q1 25 | $195.3M | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $741.1M | $1.6B | ||
| Q3 25 | $725.1M | $1.5B | ||
| Q2 25 | $725.1M | $1.5B | ||
| Q1 25 | $719.9M | $1.4B | ||
| Q4 24 | $725.2M | $1.5B | ||
| Q3 24 | $732.1M | $1.4B | ||
| Q2 24 | $742.6M | $1.3B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | $1.2B | $2.8B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $1.3B | $2.7B | ||
| Q3 24 | $1.3B | $2.6B | ||
| Q2 24 | $1.3B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 0.74× | ||
| Q3 25 | 0.27× | 0.79× | ||
| Q2 25 | 0.27× | 0.81× | ||
| Q1 25 | 0.27× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $18.3M | — |
| Free Cash FlowOCF − Capex | $17.4M | — |
| FCF MarginFCF / Revenue | 12.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $18.3M | $192.3M | ||
| Q3 25 | $3.9M | $48.9M | ||
| Q2 25 | $-18.0M | $43.8M | ||
| Q1 25 | $41.6M | $51.6M | ||
| Q4 24 | $6.0M | $144.1M | ||
| Q3 24 | $-16.0M | $43.4M | ||
| Q2 24 | $-15.1M | $39.7M |
| Q1 26 | — | — | ||
| Q4 25 | $17.4M | — | ||
| Q3 25 | $3.1M | — | ||
| Q2 25 | $-18.9M | — | ||
| Q1 25 | $41.2M | — | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $-16.5M | — | ||
| Q2 24 | $-16.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | -15.5% | — | ||
| Q1 25 | 29.1% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | -13.1% | — | ||
| Q2 24 | -13.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 1.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | 6.53× | ||
| Q3 25 | 0.29× | 1.70× | ||
| Q2 25 | -9.47× | 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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
FCPT
| Rental revenue | $69.8M | 89% |
| Restaurant revenue | $8.4M | 11% |
