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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and IRONWOOD PHARMACEUTICALS INC (IRWD). 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 $47.7M, roughly 1.6× IRONWOOD PHARMACEUTICALS INC). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -4.8%, a 43.6% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -47.3%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -20.2%).
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.
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
FCPT vs IRWD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $47.7M |
| Net Profit | $30.4M | $-2.3M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | 14.3% |
| Net Margin | 38.8% | -4.8% |
| Revenue YoY | 9.4% | -47.3% |
| Net Profit YoY | 16.0% | -200.9% |
| EPS (diluted) | $0.28 | $0.01 |
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 | $47.7M | ||
| Q3 25 | $74.1M | $122.1M | ||
| Q2 25 | $72.8M | $85.2M | ||
| Q1 25 | $71.5M | $41.1M | ||
| Q4 24 | $68.3M | $90.5M | ||
| Q3 24 | $66.8M | $91.6M | ||
| Q2 24 | $66.5M | $94.4M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $-2.3M | ||
| Q3 25 | $28.8M | $40.1M | ||
| Q2 25 | $27.9M | $23.6M | ||
| Q1 25 | $26.2M | $-37.4M | ||
| Q4 24 | $26.2M | $2.3M | ||
| Q3 24 | $25.6M | $3.6M | ||
| Q2 24 | $24.7M | $-860.0K |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 61.8% | ||
| Q2 25 | — | 53.2% | ||
| Q1 25 | — | -70.7% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 26.5% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | -4.8% | ||
| Q3 25 | 38.9% | 32.8% | ||
| Q2 25 | 38.3% | 27.7% | ||
| Q1 25 | 36.6% | -90.9% | ||
| Q4 24 | 38.3% | 2.5% | ||
| Q3 24 | 38.3% | 4.0% | ||
| Q2 24 | 37.1% | -0.9% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $0.01 | ||
| Q3 25 | $0.28 | $0.23 | ||
| Q2 25 | $0.28 | $0.14 | ||
| Q1 25 | $0.26 | $-0.23 | ||
| Q4 24 | $0.27 | $0.03 | ||
| Q3 24 | $0.27 | $0.02 | ||
| Q2 24 | $0.27 | $-0.01 |
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 | $215.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $-261.8M |
| Total Assets | $3.0B | $396.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $215.5M | ||
| Q3 25 | $6.7M | $140.4M | ||
| Q2 25 | $6.0M | $92.9M | ||
| Q1 25 | $22.3M | $108.5M | ||
| Q4 24 | $4.1M | $88.6M | ||
| Q3 24 | $44.5M | $88.2M | ||
| Q2 24 | $17.2M | $105.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $199.5M | ||
| Q2 25 | $1.2B | $199.3M | ||
| Q1 25 | $1.2B | $199.2M | ||
| Q4 24 | $1.1B | $199.0M | ||
| Q3 24 | $1.1B | $198.8M | ||
| Q2 24 | $1.2B | $198.6M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $-261.8M | ||
| Q3 25 | $1.5B | $-264.2M | ||
| Q2 25 | $1.5B | $-308.2M | ||
| Q1 25 | $1.4B | $-334.1M | ||
| Q4 24 | $1.5B | $-301.3M | ||
| Q3 24 | $1.4B | $-311.3M | ||
| Q2 24 | $1.3B | $-321.7M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $396.9M | ||
| Q3 25 | $2.8B | $396.1M | ||
| Q2 25 | $2.8B | $342.9M | ||
| Q1 25 | $2.7B | $327.2M | ||
| Q4 24 | $2.7B | $350.9M | ||
| Q3 24 | $2.6B | $389.5M | ||
| Q2 24 | $2.5B | $395.6M |
| 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 | — | $74.6M |
| Free Cash FlowOCF − Capex | — | $74.6M |
| FCF MarginFCF / Revenue | — | 156.3% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $74.6M | ||
| Q3 25 | $48.9M | $47.6M | ||
| Q2 25 | $43.8M | $-15.1M | ||
| Q1 25 | $51.6M | $20.0M | ||
| Q4 24 | $144.1M | $15.2M | ||
| Q3 24 | $43.4M | $9.9M | ||
| Q2 24 | $39.7M | $33.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $47.6M | ||
| Q2 25 | — | $-15.1M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $9.9M | ||
| Q2 24 | — | $33.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 156.3% | ||
| Q3 25 | — | 39.0% | ||
| Q2 25 | — | -17.7% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 35.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.70× | 1.19× | ||
| Q2 25 | 1.57× | -0.64× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.51× | 6.74× | ||
| Q3 24 | 1.70× | 2.71× | ||
| 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% |
IRWD
Segment breakdown not available.
