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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and LXP Industrial Trust (LXP). Click either name above to swap in a different company.
LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $78.2M, roughly 1.1× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 33.2%, a 5.7% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -14.0%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs 0.3%).
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.
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
FCPT vs LXP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $86.7M |
| Net Profit | $30.4M | $28.8M |
| Gross Margin | — | 81.5% |
| Operating Margin | 55.3% | 34.6% |
| Net Margin | 38.8% | 33.2% |
| Revenue YoY | 9.4% | -14.0% |
| Net Profit YoY | 16.0% | — |
| EPS (diluted) | $0.28 | — |
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 | $86.7M | ||
| Q3 25 | $74.1M | $86.9M | ||
| Q2 25 | $72.8M | $87.7M | ||
| Q1 25 | $71.5M | $88.9M | ||
| Q4 24 | $68.3M | $100.9M | ||
| Q3 24 | $66.8M | $85.6M | ||
| Q2 24 | $66.5M | $85.8M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $28.8M | ||
| Q3 25 | $28.8M | $36.3M | ||
| Q2 25 | $27.9M | $29.1M | ||
| Q1 25 | $26.2M | $19.0M | ||
| Q4 24 | $26.2M | — | ||
| Q3 24 | $25.6M | $6.3M | ||
| Q2 24 | $24.7M | $5.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 81.5% | ||
| Q3 25 | — | 82.3% | ||
| Q2 25 | — | 81.9% | ||
| Q1 25 | — | 80.7% | ||
| Q4 24 | — | 85.3% | ||
| Q3 24 | — | 82.5% | ||
| Q2 24 | — | 82.0% |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 33.7% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 6.9% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | 33.2% | ||
| Q3 25 | 38.9% | 41.7% | ||
| Q2 25 | 38.3% | 33.2% | ||
| Q1 25 | 36.6% | 21.4% | ||
| Q4 24 | 38.3% | — | ||
| Q3 24 | 38.3% | 7.4% | ||
| Q2 24 | 37.1% | 6.3% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.28 | $0.12 | ||
| Q2 25 | $0.28 | $0.09 | ||
| Q1 25 | $0.26 | $0.06 | ||
| Q4 24 | $0.27 | — | ||
| 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 | $170.4M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $1.7B | $2.0B |
| Total Assets | $3.0B | $3.5B |
| Debt / EquityLower = less leverage | — | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $170.4M | ||
| Q3 25 | $6.7M | $229.7M | ||
| Q2 25 | $6.0M | $71.0M | ||
| Q1 25 | $22.3M | $70.9M | ||
| Q4 24 | $4.1M | $101.8M | ||
| Q3 24 | $44.5M | $55.0M | ||
| Q2 24 | $17.2M | $48.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.3B | $2.1B |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $3.5B | ||
| Q3 25 | $2.8B | $3.7B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $2.7B | $3.8B | ||
| Q4 24 | $2.7B | $3.8B | ||
| Q3 24 | $2.6B | $3.9B | ||
| Q2 24 | $2.5B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 0.66× | ||
| Q3 25 | 0.79× | 0.72× | ||
| Q2 25 | 0.81× | 0.72× | ||
| Q1 25 | 0.84× | 0.73× | ||
| Q4 24 | 0.78× | 0.75× | ||
| 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 | — | $188.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 6.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $188.7M | ||
| Q3 25 | $48.9M | $63.5M | ||
| Q2 25 | $43.8M | $44.3M | ||
| Q1 25 | $51.6M | $39.0M | ||
| Q4 24 | $144.1M | $211.2M | ||
| Q3 24 | $43.4M | $64.6M | ||
| Q2 24 | $39.7M | $38.5M |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 6.56× | ||
| Q3 25 | 1.70× | 1.75× | ||
| Q2 25 | 1.57× | 1.52× | ||
| Q1 25 | 1.97× | 2.05× | ||
| Q4 24 | 5.51× | — | ||
| Q3 24 | 1.70× | 10.18× | ||
| Q2 24 | 1.61× | 7.09× |
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% |
LXP
Segment breakdown not available.
