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

LTC PROPERTIES INC is the larger business by last-quarter revenue ($84.3M vs $75.7M, roughly 1.1× Four Corners Property Trust, Inc.). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 38.9%, a 84.1% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 10.7%). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs 6.7%).

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.

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

FCPT vs LTC — Head-to-Head

Bigger by revenue
LTC
LTC
1.1× larger
LTC
$84.3M
$75.7M
FCPT
Growing faster (revenue YoY)
LTC
LTC
+49.6% gap
LTC
60.3%
10.7%
FCPT
Higher net margin
LTC
LTC
84.1% more per $
LTC
123.0%
38.9%
FCPT
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
6.7%
FCPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FCPT
FCPT
LTC
LTC
Revenue
$75.7M
$84.3M
Net Profit
$29.4M
$103.7M
Gross Margin
Operating Margin
Net Margin
38.9%
123.0%
Revenue YoY
10.7%
60.3%
Net Profit YoY
12.5%
429.1%
EPS (diluted)
$0.27
$2.19

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
LTC
LTC
Q4 25
$75.7M
$84.3M
Q3 25
$74.1M
$69.3M
Q2 25
$72.8M
$60.2M
Q1 25
$71.5M
$49.0M
Q4 24
$68.3M
$52.6M
Q3 24
$66.8M
$55.8M
Q2 24
$66.5M
$50.1M
Q1 24
$66.5M
$51.4M
Net Profit
FCPT
FCPT
LTC
LTC
Q4 25
$29.4M
$103.7M
Q3 25
$28.8M
$-20.0M
Q2 25
$27.9M
$15.1M
Q1 25
$26.2M
$20.7M
Q4 24
$26.2M
$19.6M
Q3 24
$25.6M
$29.4M
Q2 24
$24.7M
$19.4M
Q1 24
$24.0M
$24.2M
Operating Margin
FCPT
FCPT
LTC
LTC
Q4 25
Q3 25
71.9%
Q2 25
80.5%
Q1 25
37.8%
Q4 24
Q3 24
95.5%
Q2 24
38.0%
Q1 24
47.3%
Net Margin
FCPT
FCPT
LTC
LTC
Q4 25
38.9%
123.0%
Q3 25
38.9%
-28.9%
Q2 25
38.3%
25.1%
Q1 25
36.6%
42.2%
Q4 24
38.3%
37.3%
Q3 24
38.3%
52.6%
Q2 24
37.1%
38.6%
Q1 24
36.2%
47.2%
EPS (diluted)
FCPT
FCPT
LTC
LTC
Q4 25
$0.27
$2.19
Q3 25
$0.28
$-0.44
Q2 25
$0.28
$0.32
Q1 25
$0.26
$0.45
Q4 24
$0.27
$0.38
Q3 24
$0.27
$0.66
Q2 24
$0.27
$0.44
Q1 24
$0.26
$0.56

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
LTC
LTC
Cash + ST InvestmentsLiquidity on hand
$12.1M
$14.4M
Total DebtLower is stronger
$1.2B
$842.2M
Stockholders' EquityBook value
$1.6B
$1.1B
Total Assets
$2.9B
$2.1B
Debt / EquityLower = less leverage
0.74×
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
LTC
LTC
Q4 25
$12.1M
$14.4M
Q3 25
$6.7M
$17.9M
Q2 25
$6.0M
$7.6M
Q1 25
$22.3M
$23.3M
Q4 24
$4.1M
$9.4M
Q3 24
$44.5M
$35.0M
Q2 24
$17.2M
$6.2M
Q1 24
$26.1M
$9.0M
Total Debt
FCPT
FCPT
LTC
LTC
Q4 25
$1.2B
$842.2M
Q3 25
$1.2B
$944.5M
Q2 25
$1.2B
$696.5M
Q1 25
$1.2B
$682.2M
Q4 24
$1.1B
$684.6M
Q3 24
$1.1B
$785.3M
Q2 24
$1.2B
$861.0M
Q1 24
$1.1B
$860.2M
Stockholders' Equity
FCPT
FCPT
LTC
LTC
Q4 25
$1.6B
$1.1B
Q3 25
$1.5B
$957.9M
Q2 25
$1.5B
$957.5M
Q1 25
$1.4B
$961.9M
Q4 24
$1.5B
$960.6M
Q3 24
$1.4B
$947.8M
Q2 24
$1.3B
$889.1M
Q1 24
$1.3B
$886.2M
Total Assets
FCPT
FCPT
LTC
LTC
Q4 25
$2.9B
$2.1B
Q3 25
$2.8B
$2.0B
Q2 25
$2.8B
$1.8B
Q1 25
$2.7B
$1.8B
Q4 24
$2.7B
$1.8B
Q3 24
$2.6B
$1.9B
Q2 24
$2.5B
$1.9B
Q1 24
$2.5B
$1.8B
Debt / Equity
FCPT
FCPT
LTC
LTC
Q4 25
0.74×
0.78×
Q3 25
0.79×
0.99×
Q2 25
0.81×
0.73×
Q1 25
0.84×
0.71×
Q4 24
0.78×
0.71×
Q3 24
0.84×
0.83×
Q2 24
0.92×
0.97×
Q1 24
0.89×
0.97×

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
LTC
LTC
Operating Cash FlowLast quarter
$192.3M
$136.0M
Free Cash FlowOCF − Capex
$128.7M
FCF MarginFCF / Revenue
152.7%
Capex IntensityCapex / Revenue
8.6%
Cash ConversionOCF / Net Profit
6.53×
1.31×
TTM Free Cash FlowTrailing 4 quarters
$220.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
LTC
LTC
Q4 25
$192.3M
$136.0M
Q3 25
$48.9M
$38.4M
Q2 25
$43.8M
$30.0M
Q1 25
$51.6M
$29.6M
Q4 24
$144.1M
$125.9M
Q3 24
$43.4M
$34.0M
Q2 24
$39.7M
$37.0M
Q1 24
$27.6M
$21.1M
Free Cash Flow
FCPT
FCPT
LTC
LTC
Q4 25
$128.7M
Q3 25
$34.3M
Q2 25
$28.9M
Q1 25
$28.2M
Q4 24
$112.2M
Q3 24
$27.7M
Q2 24
$34.7M
Q1 24
$19.7M
FCF Margin
FCPT
FCPT
LTC
LTC
Q4 25
152.7%
Q3 25
49.4%
Q2 25
47.9%
Q1 25
57.6%
Q4 24
213.4%
Q3 24
49.7%
Q2 24
69.1%
Q1 24
38.4%
Capex Intensity
FCPT
FCPT
LTC
LTC
Q4 25
8.6%
Q3 25
6.0%
Q2 25
1.9%
Q1 25
2.7%
Q4 24
26.0%
Q3 24
11.2%
Q2 24
4.6%
Q1 24
2.6%
Cash Conversion
FCPT
FCPT
LTC
LTC
Q4 25
6.53×
1.31×
Q3 25
1.70×
Q2 25
1.57×
1.99×
Q1 25
1.97×
1.43×
Q4 24
5.51×
6.43×
Q3 24
1.70×
1.16×
Q2 24
1.61×
1.91×
Q1 24
1.15×
0.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FCPT
FCPT

Segment breakdown not available.

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

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