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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $78.2M, roughly 1.7× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -3.2%, a 42.1% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.4%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
FCPT vs MEC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $134.3M |
| Net Profit | $30.4M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 55.3% | -4.1% |
| Net Margin | 38.8% | -3.2% |
| Revenue YoY | 9.4% | 10.7% |
| Net Profit YoY | 16.0% | -127.3% |
| 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 | $134.3M | ||
| Q3 25 | $74.1M | $144.3M | ||
| Q2 25 | $72.8M | $132.3M | ||
| Q1 25 | $71.5M | $135.6M | ||
| Q4 24 | $68.3M | $121.3M | ||
| Q3 24 | $66.8M | $135.4M | ||
| Q2 24 | $66.5M | $163.6M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $-4.4M | ||
| Q3 25 | $28.8M | $-2.7M | ||
| Q2 25 | $27.9M | $-1.1M | ||
| Q1 25 | $26.2M | $20.0K | ||
| Q4 24 | $26.2M | $16.0M | ||
| Q3 24 | $25.6M | $3.0M | ||
| Q2 24 | $24.7M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -4.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 5.0% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | -3.2% | ||
| Q3 25 | 38.9% | -1.9% | ||
| Q2 25 | 38.3% | -0.8% | ||
| Q1 25 | 36.6% | 0.0% | ||
| Q4 24 | 38.3% | 13.2% | ||
| Q3 24 | 38.3% | 2.2% | ||
| Q2 24 | 37.1% | 2.3% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $-0.22 | ||
| Q3 25 | $0.28 | $-0.13 | ||
| Q2 25 | $0.28 | $-0.05 | ||
| Q1 25 | $0.26 | $0.00 | ||
| Q4 24 | $0.27 | $0.76 | ||
| Q3 24 | $0.27 | $0.14 | ||
| Q2 24 | $0.27 | $0.18 |
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 | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $240.7M |
| Total Assets | $3.0B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $1.5M | ||
| Q3 25 | $6.7M | $1.2M | ||
| Q2 25 | $6.0M | $206.0K | ||
| Q1 25 | $22.3M | $183.0K | ||
| Q4 24 | $4.1M | $206.0K | ||
| Q3 24 | $44.5M | $178.0K | ||
| Q2 24 | $17.2M | $314.0K |
| 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 | $240.7M | ||
| Q3 25 | $1.5B | $244.8M | ||
| Q2 25 | $1.5B | $246.8M | ||
| Q1 25 | $1.4B | $250.0M | ||
| Q4 24 | $1.5B | $251.8M | ||
| Q3 24 | $1.4B | $238.4M | ||
| Q2 24 | $1.3B | $238.1M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $563.6M | ||
| Q3 25 | $2.8B | $585.6M | ||
| Q2 25 | $2.8B | $433.7M | ||
| Q1 25 | $2.7B | $447.7M | ||
| Q4 24 | $2.7B | $445.6M | ||
| Q3 24 | $2.6B | $466.0M | ||
| Q2 24 | $2.5B | $488.2M |
| 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 | — | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $13.4M | ||
| Q3 25 | $48.9M | $1.9M | ||
| Q2 25 | $43.8M | $15.0M | ||
| Q1 25 | $51.6M | $8.3M | ||
| Q4 24 | $144.1M | $38.0M | ||
| Q3 24 | $43.4M | $17.9M | ||
| Q2 24 | $39.7M | $23.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.97× | 416.65× | ||
| Q4 24 | 5.51× | 2.38× | ||
| Q3 24 | 1.70× | 6.03× | ||
| Q2 24 | 1.61× | 6.15× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
