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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $78.2M, roughly 1.5× Four Corners Property Trust, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 38.8%, a 9.2% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -11.0%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -6.0%).
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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
FCPT vs KW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $120.6M |
| Net Profit | $30.4M | $58.0M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | 57.3% |
| Net Margin | 38.8% | 48.1% |
| Revenue YoY | 9.4% | -11.0% |
| Net Profit YoY | 16.0% | 32.7% |
| EPS (diluted) | $0.28 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $74.1M | $116.4M | ||
| Q2 25 | $72.8M | $135.7M | ||
| Q1 25 | $71.5M | $128.3M | ||
| Q4 24 | $68.3M | $135.5M | ||
| Q3 24 | $66.8M | $127.5M | ||
| Q2 24 | $66.5M | $132.0M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $58.0M | ||
| Q3 25 | $28.8M | $-10.2M | ||
| Q2 25 | $27.9M | $5.6M | ||
| Q1 25 | $26.2M | $-29.6M | ||
| Q4 24 | $26.2M | $43.7M | ||
| Q3 24 | $25.6M | $-66.8M | ||
| Q2 24 | $24.7M | $-48.3M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | -6.2% | ||
| Q2 25 | — | 7.4% | ||
| Q1 25 | — | -26.9% | ||
| Q4 24 | — | 36.7% | ||
| Q3 24 | — | -60.8% | ||
| Q2 24 | — | -45.5% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | 48.1% | ||
| Q3 25 | 38.9% | -8.8% | ||
| Q2 25 | 38.3% | 4.1% | ||
| Q1 25 | 36.6% | -23.1% | ||
| Q4 24 | 38.3% | 32.3% | ||
| Q3 24 | 38.3% | -52.4% | ||
| Q2 24 | 37.1% | -36.6% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $0.22 | ||
| Q3 25 | $0.28 | $-0.15 | ||
| Q2 25 | $0.28 | $-0.05 | ||
| Q1 25 | $0.26 | $-0.30 | ||
| Q4 24 | $0.27 | $0.24 | ||
| Q3 24 | $0.27 | $-0.56 | ||
| Q2 24 | $0.27 | $-0.43 |
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 | $184.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $1.5B |
| 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 | $184.5M | ||
| Q3 25 | $6.7M | $382.6M | ||
| Q2 25 | $6.0M | $309.1M | ||
| Q1 25 | $22.3M | $356.6M | ||
| Q4 24 | $4.1M | $217.5M | ||
| Q3 24 | $44.5M | $367.1M | ||
| Q2 24 | $17.2M | $366.5M |
| 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 | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.3B | $1.7B |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $6.6B | ||
| Q3 25 | $2.8B | $6.7B | ||
| Q2 25 | $2.8B | $6.8B | ||
| Q1 25 | $2.7B | $7.2B | ||
| Q4 24 | $2.7B | $7.0B | ||
| Q3 24 | $2.6B | $7.4B | ||
| Q2 24 | $2.5B | $7.5B |
| 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 | — | $11.4M |
| Free Cash FlowOCF − Capex | — | $-55.2M |
| FCF MarginFCF / Revenue | — | -45.8% |
| Capex IntensityCapex / Revenue | — | 55.2% |
| Cash ConversionOCF / Net Profit | — | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $11.4M | ||
| Q3 25 | $48.9M | $-7.6M | ||
| Q2 25 | $43.8M | $42.0M | ||
| Q1 25 | $51.6M | $-51.9M | ||
| Q4 24 | $144.1M | $55.1M | ||
| Q3 24 | $43.4M | $-5.6M | ||
| Q2 24 | $39.7M | $36.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-55.2M | ||
| Q3 25 | — | $-18.0M | ||
| Q2 25 | — | $29.4M | ||
| Q1 25 | — | $-59.7M | ||
| Q4 24 | — | $-76.5M | ||
| Q3 24 | — | $-27.7M | ||
| Q2 24 | — | $-500.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | -45.8% | ||
| Q3 25 | — | -15.5% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | -46.5% | ||
| Q4 24 | — | -56.5% | ||
| Q3 24 | — | -21.7% | ||
| Q2 24 | — | -0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.2% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 97.1% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 28.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 0.20× | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.57× | 7.50× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.51× | 1.26× | ||
| 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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
