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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and i3 Verticals, Inc. (IIIV). 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 $52.7M, roughly 1.5× i3 Verticals, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 0.9%, a 37.9% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -14.6%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -4.7%).

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.

The Prusa i3 is a family of fused filament fabrication 3D printers, manufactured by Czech company Prusa Research under the trademarked name Original Prusa i3. Part of the RepRap project, Prusa i3 printers were called the most used 3D printer in the world in 2016. The first Prusa i3 was designed by Josef Průša in 2012, and was released as a commercial kit product in 2015. The latest model is available in both kit and factory assembled versions. The Prusa i3's comparable low cost and ease of co...

FCPT vs IIIV — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.5× larger
FCPT
$78.2M
$52.7M
IIIV
Growing faster (revenue YoY)
FCPT
FCPT
+24.0% gap
FCPT
9.4%
-14.6%
IIIV
Higher net margin
FCPT
FCPT
37.9% more per $
FCPT
38.8%
0.9%
IIIV
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-4.7%
IIIV

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FCPT
FCPT
IIIV
IIIV
Revenue
$78.2M
$52.7M
Net Profit
$30.4M
$484.0K
Gross Margin
Operating Margin
55.3%
3.1%
Net Margin
38.8%
0.9%
Revenue YoY
9.4%
-14.6%
Net Profit YoY
16.0%
-76.5%
EPS (diluted)
$0.28
$0.02

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
FCPT
FCPT
IIIV
IIIV
Q1 26
$78.2M
Q4 25
$75.7M
$52.7M
Q3 25
$74.1M
$46.0M
Q2 25
$72.8M
$51.9M
Q1 25
$71.5M
$63.1M
Q4 24
$68.3M
$52.2M
Q3 24
$66.8M
$32.0M
Q2 24
$66.5M
$46.2M
Net Profit
FCPT
FCPT
IIIV
IIIV
Q1 26
$30.4M
Q4 25
$29.4M
$484.0K
Q3 25
$28.8M
$3.1M
Q2 25
$27.9M
$12.9M
Q1 25
$26.2M
$-154.0K
Q4 24
$26.2M
$2.1M
Q3 24
$25.6M
$117.9M
Q2 24
$24.7M
$-7.5M
Operating Margin
FCPT
FCPT
IIIV
IIIV
Q1 26
55.3%
Q4 25
3.1%
Q3 25
3.2%
Q2 25
-9.3%
Q1 25
8.0%
Q4 24
3.9%
Q3 24
10.6%
Q2 24
-2.8%
Net Margin
FCPT
FCPT
IIIV
IIIV
Q1 26
38.8%
Q4 25
38.9%
0.9%
Q3 25
38.9%
6.7%
Q2 25
38.3%
24.8%
Q1 25
36.6%
-0.2%
Q4 24
38.3%
3.9%
Q3 24
38.3%
368.2%
Q2 24
37.1%
-16.3%
EPS (diluted)
FCPT
FCPT
IIIV
IIIV
Q1 26
$0.28
Q4 25
$0.27
$0.02
Q3 25
$0.28
$0.14
Q2 25
$0.28
$0.50
Q1 25
$0.26
$0.00
Q4 24
$0.27
$0.08
Q3 24
$0.27
$4.93
Q2 24
$0.27
$-0.32

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
IIIV
IIIV
Cash + ST InvestmentsLiquidity on hand
$29.6M
$37.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$358.5M
Total Assets
$3.0B
$595.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
IIIV
IIIV
Q1 26
$29.6M
Q4 25
$12.1M
$37.5M
Q3 25
$6.7M
$66.7M
Q2 25
$6.0M
$55.5M
Q1 25
$22.3M
$7.7M
Q4 24
$4.1M
$85.6M
Q3 24
$44.5M
$86.5M
Q2 24
$17.2M
$9.7M
Total Debt
FCPT
FCPT
IIIV
IIIV
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
$0
Q2 25
$1.2B
$0
Q1 25
$1.2B
$12.0M
Q4 24
$1.1B
$26.2M
Q3 24
$1.1B
$26.2M
Q2 24
$1.2B
$374.1M
Stockholders' Equity
FCPT
FCPT
IIIV
IIIV
Q1 26
$1.7B
Q4 25
$1.6B
$358.5M
Q3 25
$1.5B
$389.6M
Q2 25
$1.5B
$383.3M
Q1 25
$1.4B
$385.2M
Q4 24
$1.5B
$375.0M
Q3 24
$1.4B
$379.7M
Q2 24
$1.3B
$249.7M
Total Assets
FCPT
FCPT
IIIV
IIIV
Q1 26
$3.0B
Q4 25
$2.9B
$595.9M
Q3 25
$2.8B
$638.4M
Q2 25
$2.8B
$623.3M
Q1 25
$2.7B
$646.4M
Q4 24
$2.7B
$726.2M
Q3 24
$2.6B
$730.7M
Q2 24
$2.5B
$861.7M
Debt / Equity
FCPT
FCPT
IIIV
IIIV
Q1 26
Q4 25
0.74×
Q3 25
0.79×
0.00×
Q2 25
0.81×
0.00×
Q1 25
0.84×
0.03×
Q4 24
0.78×
0.07×
Q3 24
0.84×
0.07×
Q2 24
0.92×
1.50×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FCPT
FCPT
IIIV
IIIV
Operating Cash FlowLast quarter
$14.1M
Free Cash FlowOCF − Capex
$13.8M
FCF MarginFCF / Revenue
26.2%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
29.18×
TTM Free Cash FlowTrailing 4 quarters
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
IIIV
IIIV
Q1 26
Q4 25
$192.3M
$14.1M
Q3 25
$48.9M
$14.0M
Q2 25
$43.8M
$7.4M
Q1 25
$51.6M
$-27.1M
Q4 24
$144.1M
$11.5M
Q3 24
$43.4M
$15.1M
Q2 24
$39.7M
$8.1M
Free Cash Flow
FCPT
FCPT
IIIV
IIIV
Q1 26
Q4 25
$13.8M
Q3 25
$13.5M
Q2 25
$6.8M
Q1 25
$-27.6M
Q4 24
$11.0M
Q3 24
$14.6M
Q2 24
$7.2M
FCF Margin
FCPT
FCPT
IIIV
IIIV
Q1 26
Q4 25
26.2%
Q3 25
29.5%
Q2 25
13.1%
Q1 25
-43.8%
Q4 24
21.1%
Q3 24
45.6%
Q2 24
15.6%
Capex Intensity
FCPT
FCPT
IIIV
IIIV
Q1 26
Q4 25
0.6%
Q3 25
0.9%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.9%
Q3 24
1.7%
Q2 24
1.9%
Cash Conversion
FCPT
FCPT
IIIV
IIIV
Q1 26
Q4 25
6.53×
29.18×
Q3 25
1.70×
4.52×
Q2 25
1.57×
0.57×
Q1 25
1.97×
Q4 24
5.51×
5.59×
Q3 24
1.70×
0.13×
Q2 24
1.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FCPT
FCPT

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

IIIV
IIIV

License And Service$35.7M68%
Proprietary Payments Revenue$14.5M27%
Other Revenue$2.5M5%

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