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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and indie Semiconductor, Inc. (INDI). 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 $55.5M, roughly 1.4× indie Semiconductor, Inc.). On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs 2.6%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs 2.9%).

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.

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

FCPT vs INDI — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.4× larger
FCPT
$78.2M
$55.5M
INDI
Growing faster (revenue YoY)
FCPT
FCPT
+6.8% gap
FCPT
9.4%
2.6%
INDI
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
2.9%
INDI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FCPT
FCPT
INDI
INDI
Revenue
$78.2M
$55.5M
Net Profit
$30.4M
Gross Margin
38.0%
Operating Margin
55.3%
-70.1%
Net Margin
38.8%
Revenue YoY
9.4%
2.6%
Net Profit YoY
16.0%
EPS (diluted)
$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
FCPT
FCPT
INDI
INDI
Q1 26
$78.2M
$55.5M
Q4 25
$75.7M
$58.0M
Q3 25
$74.1M
$53.7M
Q2 25
$72.8M
$51.6M
Q1 25
$71.5M
$54.1M
Q4 24
$68.3M
$58.0M
Q3 24
$66.8M
$54.0M
Q2 24
$66.5M
$52.4M
Net Profit
FCPT
FCPT
INDI
INDI
Q1 26
$30.4M
Q4 25
$29.4M
$-31.2M
Q3 25
$28.8M
$-38.3M
Q2 25
$27.9M
$-39.0M
Q1 25
$26.2M
$-34.5M
Q4 24
$26.2M
$-34.4M
Q3 24
$25.6M
$-49.7M
Q2 24
$24.7M
$-19.2M
Gross Margin
FCPT
FCPT
INDI
INDI
Q1 26
38.0%
Q4 25
37.3%
Q3 25
40.1%
Q2 25
40.6%
Q1 25
41.7%
Q4 24
42.6%
Q3 24
39.3%
Q2 24
42.2%
Operating Margin
FCPT
FCPT
INDI
INDI
Q1 26
55.3%
-70.1%
Q4 25
-58.5%
Q3 25
-71.4%
Q2 25
-83.3%
Q1 25
-72.0%
Q4 24
-58.4%
Q3 24
-92.5%
Q2 24
-70.0%
Net Margin
FCPT
FCPT
INDI
INDI
Q1 26
38.8%
Q4 25
38.9%
-53.8%
Q3 25
38.9%
-71.3%
Q2 25
38.3%
-75.6%
Q1 25
36.6%
-63.9%
Q4 24
38.3%
-59.2%
Q3 24
38.3%
-92.1%
Q2 24
37.1%
-36.6%
EPS (diluted)
FCPT
FCPT
INDI
INDI
Q1 26
$0.28
Q4 25
$0.27
$-0.16
Q3 25
$0.28
$-0.19
Q2 25
$0.28
$-0.20
Q1 25
$0.26
$-0.18
Q4 24
$0.27
$-0.18
Q3 24
$0.27
$-0.28
Q2 24
$0.27
$-0.11

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$29.6M
$174.4M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$1.7B
$348.9M
Total Assets
$3.0B
$869.6M
Debt / EquityLower = less leverage
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
INDI
INDI
Q1 26
$29.6M
$174.4M
Q4 25
$12.1M
$145.5M
Q3 25
$6.7M
$160.9M
Q2 25
$6.0M
$192.6M
Q1 25
$22.3M
$236.6M
Q4 24
$4.1M
$274.2M
Q3 24
$44.5M
$96.9M
Q2 24
$17.2M
$112.3M
Total Debt
FCPT
FCPT
INDI
INDI
Q1 26
$402.8M
Q4 25
$1.2B
$353.4M
Q3 25
$1.2B
$353.5M
Q2 25
$1.2B
$352.5M
Q1 25
$1.2B
$379.0M
Q4 24
$1.1B
$381.3M
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
INDI
INDI
Q1 26
$1.7B
$348.9M
Q4 25
$1.6B
$358.0M
Q3 25
$1.5B
$369.2M
Q2 25
$1.5B
$390.4M
Q1 25
$1.4B
$405.6M
Q4 24
$1.5B
$417.9M
Q3 24
$1.4B
$458.6M
Q2 24
$1.3B
$470.7M
Total Assets
FCPT
FCPT
INDI
INDI
Q1 26
$3.0B
$869.6M
Q4 25
$2.9B
$840.8M
Q3 25
$2.8B
$855.1M
Q2 25
$2.8B
$867.6M
Q1 25
$2.7B
$909.0M
Q4 24
$2.7B
$941.4M
Q3 24
$2.6B
$797.5M
Q2 24
$2.5B
$797.3M
Debt / Equity
FCPT
FCPT
INDI
INDI
Q1 26
1.15×
Q4 25
0.74×
0.99×
Q3 25
0.79×
0.96×
Q2 25
0.81×
0.90×
Q1 25
0.84×
0.93×
Q4 24
0.78×
0.91×
Q3 24
0.84×
Q2 24
0.92×

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%

INDI
INDI

Product revenue$51.6M93%
Contract revenue$3.9M7%

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