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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and iQSTEL Inc (IQST). Click either name above to swap in a different company.

iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $78.2M, roughly 1.1× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -3.2%, a 42.0% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.

iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.

FCPT vs IQST — Head-to-Head

Bigger by revenue
IQST
IQST
1.1× larger
IQST
$84.2M
$78.2M
FCPT
Growing faster (revenue YoY)
FCPT
FCPT
+24.2% gap
FCPT
9.4%
-14.9%
IQST
Higher net margin
FCPT
FCPT
42.0% more per $
FCPT
38.8%
-3.2%
IQST
Faster 2-yr revenue CAGR
IQST
IQST
Annualised
IQST
28.0%
8.4%
FCPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCPT
FCPT
IQST
IQST
Revenue
$78.2M
$84.2M
Net Profit
$30.4M
$-2.7M
Gross Margin
3.5%
Operating Margin
55.3%
-2.9%
Net Margin
38.8%
-3.2%
Revenue YoY
9.4%
-14.9%
Net Profit YoY
16.0%
-44.5%
EPS (diluted)
$0.28
$-0.92

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
IQST
IQST
Q1 26
$78.2M
Q4 25
$75.7M
$84.2M
Q3 25
$74.1M
$102.9M
Q2 25
$72.8M
$72.2M
Q1 25
$71.5M
$57.6M
Q4 24
$68.3M
$98.9M
Q3 24
$66.8M
$54.2M
Q2 24
$66.5M
$78.6M
Net Profit
FCPT
FCPT
IQST
IQST
Q1 26
$30.4M
Q4 25
$29.4M
$-2.7M
Q3 25
$28.8M
$-2.3M
Q2 25
$27.9M
$-2.3M
Q1 25
$26.2M
$-1.1M
Q4 24
$26.2M
$-1.9M
Q3 24
$25.6M
$-773.0K
Q2 24
$24.7M
$-2.0M
Gross Margin
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
3.5%
Q3 25
2.7%
Q2 25
2.6%
Q1 25
3.4%
Q4 24
2.7%
Q3 24
3.7%
Q2 24
2.8%
Operating Margin
FCPT
FCPT
IQST
IQST
Q1 26
55.3%
Q4 25
-2.9%
Q3 25
-0.5%
Q2 25
-0.9%
Q1 25
-1.0%
Q4 24
-0.3%
Q3 24
-0.1%
Q2 24
-0.4%
Net Margin
FCPT
FCPT
IQST
IQST
Q1 26
38.8%
Q4 25
38.9%
-3.2%
Q3 25
38.9%
-2.3%
Q2 25
38.3%
-3.3%
Q1 25
36.6%
-2.0%
Q4 24
38.3%
-1.9%
Q3 24
38.3%
-1.4%
Q2 24
37.1%
-2.5%
EPS (diluted)
FCPT
FCPT
IQST
IQST
Q1 26
$0.28
Q4 25
$0.27
$-0.92
Q3 25
$0.28
$-0.68
Q2 25
$0.28
$-0.82
Q1 25
$0.26
$-0.44
Q4 24
$0.27
$-1.19
Q3 24
$0.27
$-0.40
Q2 24
$0.27
$-0.90

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
IQST
IQST
Cash + ST InvestmentsLiquidity on hand
$29.6M
$2.2M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$1.7B
$16.3M
Total Assets
$3.0B
$51.1M
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
IQST
IQST
Q1 26
$29.6M
Q4 25
$12.1M
$2.2M
Q3 25
$6.7M
$2.3M
Q2 25
$6.0M
$2.0M
Q1 25
$22.3M
$1.1M
Q4 24
$4.1M
$2.5M
Q3 24
$44.5M
$2.1M
Q2 24
$17.2M
$797.2K
Total Debt
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
$1.2B
$4.1M
Q3 25
$1.2B
$2.7M
Q2 25
$1.2B
$4.5M
Q1 25
$1.2B
$3.5M
Q4 24
$1.1B
$2.5M
Q3 24
$1.1B
$3.2M
Q2 24
$1.2B
$2.5M
Stockholders' Equity
FCPT
FCPT
IQST
IQST
Q1 26
$1.7B
Q4 25
$1.6B
$16.3M
Q3 25
$1.5B
$17.9M
Q2 25
$1.5B
$14.3M
Q1 25
$1.4B
$11.6M
Q4 24
$1.5B
$11.9M
Q3 24
$1.4B
$8.1M
Q2 24
$1.3B
$7.6M
Total Assets
FCPT
FCPT
IQST
IQST
Q1 26
$3.0B
Q4 25
$2.9B
$51.1M
Q3 25
$2.8B
$46.9M
Q2 25
$2.8B
$51.4M
Q1 25
$2.7B
$42.0M
Q4 24
$2.7B
$79.0M
Q3 24
$2.6B
$32.4M
Q2 24
$2.5B
$30.0M
Debt / Equity
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
0.74×
0.25×
Q3 25
0.79×
0.15×
Q2 25
0.81×
0.31×
Q1 25
0.84×
0.31×
Q4 24
0.78×
0.21×
Q3 24
0.84×
0.40×
Q2 24
0.92×
0.34×

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
IQST
IQST
Operating Cash FlowLast quarter
$-1.2M
Free Cash FlowOCF − Capex
$-1.2M
FCF MarginFCF / Revenue
-1.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
$192.3M
$-1.2M
Q3 25
$48.9M
$-953.0K
Q2 25
$43.8M
$257.7K
Q1 25
$51.6M
$-1.9M
Q4 24
$144.1M
$-403.7K
Q3 24
$43.4M
$625.0K
Q2 24
$39.7M
$-2.6M
Free Cash Flow
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
$-1.2M
Q3 25
$-969.2K
Q2 25
$211.7K
Q1 25
$-2.0M
Q4 24
$-421.3K
Q3 24
$594.5K
Q2 24
$-2.6M
FCF Margin
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
-1.5%
Q3 25
-0.9%
Q2 25
0.3%
Q1 25
-3.4%
Q4 24
-0.4%
Q3 24
1.1%
Q2 24
-3.4%
Capex Intensity
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.0%
Cash Conversion
FCPT
FCPT
IQST
IQST
Q1 26
Q4 25
6.53×
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
FCPT

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

IQST
IQST

USA$53.2M63%
Other$29.9M35%
Switzerland$1.1M1%

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