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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and Four Corners Property Trust, Inc. (FCPT). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $78.2M, roughly 1.7× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -22.8%, a 61.6% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 9.4%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs FCPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $78.2M |
| Net Profit | $-30.2M | $30.4M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 55.3% |
| Net Margin | -22.8% | 38.8% |
| Revenue YoY | 24.3% | 9.4% |
| Net Profit YoY | -692.2% | 16.0% |
| EPS (diluted) | $-0.15 | $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 | $132.7M | $75.7M | ||
| Q3 25 | $77.5M | $74.1M | ||
| Q2 25 | $105.5M | $72.8M | ||
| Q1 25 | $147.7M | $71.5M | ||
| Q4 24 | $106.8M | $68.3M | ||
| Q3 24 | $72.6M | $66.8M | ||
| Q2 24 | $86.0M | $66.5M |
| Q1 26 | — | $30.4M | ||
| Q4 25 | $-30.2M | $29.4M | ||
| Q3 25 | $-14.4M | $28.8M | ||
| Q2 25 | $-1.4M | $27.9M | ||
| Q1 25 | $15.3M | $26.2M | ||
| Q4 24 | $5.1M | $26.2M | ||
| Q3 24 | $-11.1M | $25.6M | ||
| Q2 24 | $-2.8M | $24.7M |
| Q1 26 | — | 55.3% | ||
| Q4 25 | -11.8% | — | ||
| Q3 25 | -10.1% | — | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | -6.5% | — | ||
| Q2 24 | 7.4% | — |
| Q1 26 | — | 38.8% | ||
| Q4 25 | -22.8% | 38.9% | ||
| Q3 25 | -18.6% | 38.9% | ||
| Q2 25 | -1.3% | 38.3% | ||
| Q1 25 | 10.4% | 36.6% | ||
| Q4 24 | 4.8% | 38.3% | ||
| Q3 24 | -15.3% | 38.3% | ||
| Q2 24 | -3.3% | 37.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $-0.15 | $0.27 | ||
| Q3 25 | $-0.07 | $0.28 | ||
| Q2 25 | $-0.01 | $0.28 | ||
| Q1 25 | $0.08 | $0.26 | ||
| Q4 24 | $0.01 | $0.27 | ||
| Q3 24 | $-0.05 | $0.27 | ||
| Q2 24 | $-0.03 | $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 | $100.9M | $29.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $1.7B |
| Total Assets | $1.2B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $29.6M | ||
| Q4 25 | $100.9M | $12.1M | ||
| Q3 25 | $95.4M | $6.7M | ||
| Q2 25 | $156.4M | $6.0M | ||
| Q1 25 | $276.8M | $22.3M | ||
| Q4 24 | $194.8M | $4.1M | ||
| Q3 24 | $188.9M | $44.5M | ||
| Q2 24 | $193.2M | $17.2M |
| 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 |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $338.8M | $1.6B | ||
| Q3 25 | $369.5M | $1.5B | ||
| Q2 25 | $389.4M | $1.5B | ||
| Q1 25 | $392.1M | $1.4B | ||
| Q4 24 | $385.9M | $1.5B | ||
| Q3 24 | $391.1M | $1.4B | ||
| Q2 24 | $407.6M | $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 | $1.2B | $2.7B | ||
| Q4 24 | $1.0B | $2.7B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $1.1B | $2.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.3M | — |
| Free Cash FlowOCF − Capex | $11.7M | — |
| FCF MarginFCF / Revenue | 8.8% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.3M | $192.3M | ||
| Q3 25 | $1.8M | $48.9M | ||
| Q2 25 | $15.9M | $43.8M | ||
| Q1 25 | $12.6M | $51.6M | ||
| Q4 24 | $20.6M | $144.1M | ||
| Q3 24 | $9.1M | $43.4M | ||
| Q2 24 | $9.8M | $39.7M |
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | — | ||
| Q3 25 | $1.5M | — | ||
| Q2 25 | $15.8M | — | ||
| Q1 25 | $12.4M | — | ||
| Q4 24 | $19.9M | — | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $9.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 11.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.53× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | 0.82× | 1.97× | ||
| Q4 24 | 4.04× | 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
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
FCPT
| Rental revenue | $69.8M | 89% |
| Restaurant revenue | $8.4M | 11% |
