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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) 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 $39.8M, roughly 2.0× Day One Biopharmaceuticals, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -49.6%, a 88.4% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -57.6%).

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

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.

DAWN vs FCPT — Head-to-Head

Bigger by revenue
FCPT
FCPT
2.0× larger
FCPT
$78.2M
$39.8M
DAWN
Growing faster (revenue YoY)
FCPT
FCPT
+66.9% gap
FCPT
9.4%
-57.6%
DAWN
Higher net margin
FCPT
FCPT
88.4% more per $
FCPT
38.8%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
DAWN
DAWN
FCPT
FCPT
Revenue
$39.8M
$78.2M
Net Profit
$-19.7M
$30.4M
Gross Margin
Operating Margin
-60.9%
55.3%
Net Margin
-49.6%
38.8%
Revenue YoY
-57.6%
9.4%
Net Profit YoY
-153.3%
16.0%
EPS (diluted)
$-0.19
$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
DAWN
DAWN
FCPT
FCPT
Q1 26
$78.2M
Q4 25
$75.7M
Q3 25
$39.8M
$74.1M
Q2 25
$33.9M
$72.8M
Q1 25
$30.8M
$71.5M
Q4 24
$68.3M
Q3 24
$93.8M
$66.8M
Q2 24
$66.5M
Net Profit
DAWN
DAWN
FCPT
FCPT
Q1 26
$30.4M
Q4 25
$29.4M
Q3 25
$-19.7M
$28.8M
Q2 25
$-30.3M
$27.9M
Q1 25
$-36.0M
$26.2M
Q4 24
$26.2M
Q3 24
$37.0M
$25.6M
Q2 24
$24.7M
Operating Margin
DAWN
DAWN
FCPT
FCPT
Q1 26
55.3%
Q4 25
Q3 25
-60.9%
Q2 25
-103.1%
Q1 25
-133.5%
Q4 24
Q3 24
31.6%
Q2 24
Net Margin
DAWN
DAWN
FCPT
FCPT
Q1 26
38.8%
Q4 25
38.9%
Q3 25
-49.6%
38.9%
Q2 25
-89.4%
38.3%
Q1 25
-117.0%
36.6%
Q4 24
38.3%
Q3 24
39.5%
38.3%
Q2 24
37.1%
EPS (diluted)
DAWN
DAWN
FCPT
FCPT
Q1 26
$0.28
Q4 25
$0.27
Q3 25
$-0.19
$0.28
Q2 25
$-0.29
$0.28
Q1 25
$-0.35
$0.26
Q4 24
$0.27
Q3 24
$0.38
$0.27
Q2 24
$0.27

Balance Sheet & Financial Strength

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

Metric
DAWN
DAWN
FCPT
FCPT
Cash + ST InvestmentsLiquidity on hand
$451.6M
$29.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$1.7B
Total Assets
$513.8M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
FCPT
FCPT
Q1 26
$29.6M
Q4 25
$12.1M
Q3 25
$451.6M
$6.7M
Q2 25
$453.1M
$6.0M
Q1 25
$473.0M
$22.3M
Q4 24
$4.1M
Q3 24
$558.4M
$44.5M
Q2 24
$17.2M
Total Debt
DAWN
DAWN
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
DAWN
DAWN
FCPT
FCPT
Q1 26
$1.7B
Q4 25
$1.6B
Q3 25
$450.9M
$1.5B
Q2 25
$460.8M
$1.5B
Q1 25
$479.5M
$1.4B
Q4 24
$1.5B
Q3 24
$555.5M
$1.4B
Q2 24
$1.3B
Total Assets
DAWN
DAWN
FCPT
FCPT
Q1 26
$3.0B
Q4 25
$2.9B
Q3 25
$513.8M
$2.8B
Q2 25
$519.0M
$2.8B
Q1 25
$534.4M
$2.7B
Q4 24
$2.7B
Q3 24
$600.8M
$2.6B
Q2 24
$2.5B
Debt / Equity
DAWN
DAWN
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
DAWN
DAWN
FCPT
FCPT
Operating Cash FlowLast quarter
$-5.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
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
DAWN
DAWN
FCPT
FCPT
Q1 26
Q4 25
$192.3M
Q3 25
$-5.8M
$48.9M
Q2 25
$-24.8M
$43.8M
Q1 25
$-59.0M
$51.6M
Q4 24
$144.1M
Q3 24
$50.8M
$43.4M
Q2 24
$39.7M
Free Cash Flow
DAWN
DAWN
FCPT
FCPT
Q1 26
Q4 25
Q3 25
Q2 25
$-24.8M
Q1 25
$-59.3M
Q4 24
Q3 24
$50.0M
Q2 24
FCF Margin
DAWN
DAWN
FCPT
FCPT
Q1 26
Q4 25
Q3 25
Q2 25
-73.2%
Q1 25
-192.8%
Q4 24
Q3 24
53.4%
Q2 24
Capex Intensity
DAWN
DAWN
FCPT
FCPT
Q1 26
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.8%
Q2 24
Cash Conversion
DAWN
DAWN
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
1.37×
1.70×
Q2 24
1.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

FCPT
FCPT

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

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