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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and IonQ, Inc. (IONQ). 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 $61.9M, roughly 1.3× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 38.8%, a 1178.9% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 9.4%).
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.
IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.
FCPT vs IONQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $61.9M |
| Net Profit | $30.4M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | -369.4% |
| Net Margin | 38.8% | 1217.8% |
| Revenue YoY | 9.4% | 428.5% |
| Net Profit YoY | 16.0% | 473.1% |
| EPS (diluted) | $0.28 | $2.60 |
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 | $61.9M | ||
| Q3 25 | $74.1M | $39.9M | ||
| Q2 25 | $72.8M | $20.7M | ||
| Q1 25 | $71.5M | — | ||
| Q4 24 | $68.3M | $11.7M | ||
| Q3 24 | $66.8M | $12.4M | ||
| Q2 24 | $66.5M | $11.4M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $753.7M | ||
| Q3 25 | $28.8M | $-1.1B | ||
| Q2 25 | $27.9M | $-176.8M | ||
| Q1 25 | $26.2M | — | ||
| Q4 24 | $26.2M | $-202.0M | ||
| Q3 24 | $25.6M | $-52.5M | ||
| Q2 24 | $24.7M | $-37.6M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -369.4% | ||
| Q3 25 | — | -423.5% | ||
| Q2 25 | — | -776.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -661.9% | ||
| Q3 24 | — | -428.5% | ||
| Q2 24 | — | -430.0% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | 1217.8% | ||
| Q3 25 | 38.9% | -2646.3% | ||
| Q2 25 | 38.3% | -854.5% | ||
| Q1 25 | 36.6% | — | ||
| Q4 24 | 38.3% | -1725.0% | ||
| Q3 24 | 38.3% | -423.4% | ||
| Q2 24 | 37.1% | -330.0% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $2.60 | ||
| Q3 25 | $0.28 | $-3.58 | ||
| Q2 25 | $0.28 | $-0.70 | ||
| Q1 25 | $0.26 | — | ||
| Q4 24 | $0.27 | $-0.95 | ||
| Q3 24 | $0.27 | $-0.24 | ||
| Q2 24 | $0.27 | $-0.18 |
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 | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $3.8B |
| Total Assets | $3.0B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $2.4B | ||
| Q3 25 | $6.7M | $1.1B | ||
| Q2 25 | $6.0M | $546.9M | ||
| Q1 25 | $22.3M | — | ||
| Q4 24 | $4.1M | $340.3M | ||
| Q3 24 | $44.5M | $365.7M | ||
| Q2 24 | $17.2M | $369.8M |
| 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 | $1.6B | $3.8B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | $383.9M | ||
| Q3 24 | $1.4B | $435.7M | ||
| Q2 24 | $1.3B | $463.3M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $6.6B | ||
| Q3 25 | $2.8B | $4.3B | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | $508.4M | ||
| Q3 24 | $2.6B | $497.9M | ||
| Q2 24 | $2.5B | $517.4M |
| 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 | — | $-74.5M |
| Free Cash FlowOCF − Capex | — | $-83.3M |
| FCF MarginFCF / Revenue | — | -134.6% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $-74.5M | ||
| Q3 25 | $48.9M | $-123.1M | ||
| Q2 25 | $43.8M | $-52.6M | ||
| Q1 25 | $51.6M | — | ||
| Q4 24 | $144.1M | $-39.4M | ||
| Q3 24 | $43.4M | $-19.2M | ||
| Q2 24 | $39.7M | $-26.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-83.3M | ||
| Q3 25 | — | $-127.2M | ||
| Q2 25 | — | $-53.8M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-43.0M | ||
| Q3 24 | — | $-23.0M | ||
| Q2 24 | — | $-34.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | -134.6% | ||
| Q3 25 | — | -319.1% | ||
| Q2 25 | — | -259.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -367.4% | ||
| Q3 24 | — | -185.3% | ||
| Q2 24 | — | -299.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 30.7% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 65.8% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | -0.10× | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.97× | — | ||
| 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% |
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
