vs
Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
FTAI Infrastructure Inc. is the larger business by last-quarter revenue ($143.5M vs $78.2M, roughly 1.8× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -68.1%, a 106.9% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 9.4%). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 8.4%).
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.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
FCPT vs FIP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $143.5M |
| Net Profit | $30.4M | $-97.7M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | -45.7% |
| Net Margin | 38.8% | -68.1% |
| Revenue YoY | 9.4% | 77.7% |
| Net Profit YoY | 16.0% | 21.6% |
| EPS (diluted) | $0.28 | $-1.04 |
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 | $75.7M | $143.5M | ||
| Q3 25 | $74.1M | $140.6M | ||
| Q2 25 | $72.8M | $122.3M | ||
| Q1 25 | $71.5M | $96.2M | ||
| Q4 24 | $68.3M | $80.8M | ||
| Q3 24 | $66.8M | $83.3M | ||
| Q2 24 | $66.5M | $84.9M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $-97.7M | ||
| Q3 25 | $28.8M | $-104.5M | ||
| Q2 25 | $27.9M | $-70.0M | ||
| Q1 25 | $26.2M | $120.2M | ||
| Q4 24 | $26.2M | $-124.7M | ||
| Q3 24 | $25.6M | $-43.0M | ||
| Q2 24 | $24.7M | $-48.1M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -45.7% | ||
| Q3 25 | — | -70.8% | ||
| Q2 25 | — | -56.4% | ||
| Q1 25 | — | 81.8% | ||
| Q4 24 | — | -152.7% | ||
| Q3 24 | — | -51.7% | ||
| Q2 24 | — | -56.4% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | -68.1% | ||
| Q3 25 | 38.9% | -74.4% | ||
| Q2 25 | 38.3% | -57.2% | ||
| Q1 25 | 36.6% | 125.0% | ||
| Q4 24 | 38.3% | -154.4% | ||
| Q3 24 | 38.3% | -51.6% | ||
| Q2 24 | 37.1% | -56.7% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $-1.04 | ||
| Q3 25 | $0.28 | $-1.38 | ||
| Q2 25 | $0.28 | $-0.73 | ||
| Q1 25 | $0.26 | $0.89 | ||
| Q4 24 | $0.27 | $-1.21 | ||
| Q3 24 | $0.27 | $-0.45 | ||
| Q2 24 | $0.27 | $-0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.6M | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $1.7B | $21.3M |
| Total Assets | $3.0B | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $57.4M | ||
| Q3 25 | $6.7M | $34.7M | ||
| Q2 25 | $6.0M | $33.6M | ||
| Q1 25 | $22.3M | $26.3M | ||
| Q4 24 | $4.1M | $27.8M | ||
| Q3 24 | $44.5M | $20.3M | ||
| Q2 24 | $17.2M | $33.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $3.8B | ||
| Q3 25 | $1.2B | $3.7B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.2B | $1.6B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $21.3M | ||
| Q3 25 | $1.5B | $181.1M | ||
| Q2 25 | $1.5B | $375.5M | ||
| Q1 25 | $1.4B | $476.2M | ||
| Q4 24 | $1.5B | $202.7M | ||
| Q3 24 | $1.4B | $370.8M | ||
| Q2 24 | $1.3B | $394.8M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $5.7B | ||
| Q3 25 | $2.8B | $5.5B | ||
| Q2 25 | $2.8B | $4.4B | ||
| Q1 25 | $2.7B | $4.1B | ||
| Q4 24 | $2.7B | $2.4B | ||
| Q3 24 | $2.6B | $2.4B | ||
| Q2 24 | $2.5B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 176.99× | ||
| Q3 25 | 0.79× | 20.59× | ||
| Q2 25 | 0.81× | 8.21× | ||
| Q1 25 | 0.84× | 5.79× | ||
| Q4 24 | 0.78× | 7.84× | ||
| Q3 24 | 0.84× | 4.14× | ||
| Q2 24 | 0.92× | 3.94× |
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 | — | $-2.8M |
| Free Cash FlowOCF − Capex | — | $-68.6M |
| FCF MarginFCF / Revenue | — | -47.8% |
| Capex IntensityCapex / Revenue | — | 45.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $-2.8M | ||
| Q3 25 | $48.9M | $-24.4M | ||
| Q2 25 | $43.8M | $-5.2M | ||
| Q1 25 | $51.6M | $-85.7M | ||
| Q4 24 | $144.1M | $-8.1M | ||
| Q3 24 | $43.4M | $14.2M | ||
| Q2 24 | $39.7M | $-17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-68.6M | ||
| Q3 25 | — | $-90.7M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-151.7M | ||
| Q4 24 | — | $-34.3M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $-32.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | -47.8% | ||
| Q3 25 | — | -64.5% | ||
| Q2 25 | — | -71.6% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | — | -42.4% | ||
| Q3 24 | — | -14.0% | ||
| Q2 24 | — | -37.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 67.3% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | — | 17.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.97× | -0.71× | ||
| 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
FCPT
| Rental revenue | $69.8M | 89% |
| Restaurant revenue | $8.4M | 11% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
