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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and MITEK SYSTEMS INC (MITK). 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 $44.2M, roughly 1.8× MITEK SYSTEMS INC). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 6.3%, a 32.6% gap on every dollar of revenue. On growth, MITEK SYSTEMS INC posted the faster year-over-year revenue change (18.8% vs 9.4%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -2.9%).

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.

Mitek Systems, Inc. is a software company that specializes in digital identity verification and mobile image processing using artificial intelligence. The company's software is used for depositing checks and opening bank accounts via mobile devices. It also verifies identity documents such as passports, ID cards, and driver's licenses by analyzing a selfie of an individual holding their ID, comparing their face to the photo on the document.

FCPT vs MITK — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.8× larger
FCPT
$78.2M
$44.2M
MITK
Growing faster (revenue YoY)
MITK
MITK
+9.4% gap
MITK
18.8%
9.4%
FCPT
Higher net margin
FCPT
FCPT
32.6% more per $
FCPT
38.8%
6.3%
MITK
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-2.9%
MITK

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FCPT
FCPT
MITK
MITK
Revenue
$78.2M
$44.2M
Net Profit
$30.4M
$2.8M
Gross Margin
Operating Margin
55.3%
12.3%
Net Margin
38.8%
6.3%
Revenue YoY
9.4%
18.8%
Net Profit YoY
16.0%
160.1%
EPS (diluted)
$0.28
$0.06

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
MITK
MITK
Q1 26
$78.2M
Q4 25
$75.7M
$44.2M
Q3 25
$74.1M
$44.8M
Q2 25
$72.8M
$45.7M
Q1 25
$71.5M
$51.9M
Q4 24
$68.3M
$37.3M
Q3 24
$66.8M
$43.2M
Q2 24
$66.5M
$45.0M
Net Profit
FCPT
FCPT
MITK
MITK
Q1 26
$30.4M
Q4 25
$29.4M
$2.8M
Q3 25
$28.8M
$1.9M
Q2 25
$27.9M
$2.4M
Q1 25
$26.2M
$9.2M
Q4 24
$26.2M
$-4.6M
Q3 24
$25.6M
$8.6M
Q2 24
$24.7M
$216.0K
Operating Margin
FCPT
FCPT
MITK
MITK
Q1 26
55.3%
Q4 25
12.3%
Q3 25
10.5%
Q2 25
8.3%
Q1 25
21.9%
Q4 24
-8.3%
Q3 24
17.8%
Q2 24
1.6%
Net Margin
FCPT
FCPT
MITK
MITK
Q1 26
38.8%
Q4 25
38.9%
6.3%
Q3 25
38.9%
4.2%
Q2 25
38.3%
5.2%
Q1 25
36.6%
17.6%
Q4 24
38.3%
-12.4%
Q3 24
38.3%
19.8%
Q2 24
37.1%
0.5%
EPS (diluted)
FCPT
FCPT
MITK
MITK
Q1 26
$0.28
Q4 25
$0.27
$0.06
Q3 25
$0.28
$0.04
Q2 25
$0.28
$0.05
Q1 25
$0.26
$0.20
Q4 24
$0.27
$-0.10
Q3 24
$0.27
$0.19
Q2 24
$0.27
$0.00

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
MITK
MITK
Cash + ST InvestmentsLiquidity on hand
$29.6M
$190.1M
Total DebtLower is stronger
$4.8M
Stockholders' EquityBook value
$1.7B
$233.7M
Total Assets
$3.0B
$446.5M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
MITK
MITK
Q1 26
$29.6M
Q4 25
$12.1M
$190.1M
Q3 25
$6.7M
$193.0M
Q2 25
$6.0M
$167.1M
Q1 25
$22.3M
$136.2M
Q4 24
$4.1M
$121.2M
Q3 24
$44.5M
$130.3M
Q2 24
$17.2M
$123.1M
Total Debt
FCPT
FCPT
MITK
MITK
Q1 26
Q4 25
$1.2B
$4.8M
Q3 25
$1.2B
$4.3M
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
$2.7M
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
MITK
MITK
Q1 26
$1.7B
Q4 25
$1.6B
$233.7M
Q3 25
$1.5B
$240.3M
Q2 25
$1.5B
$237.6M
Q1 25
$1.4B
$220.2M
Q4 24
$1.5B
$200.9M
Q3 24
$1.4B
$214.8M
Q2 24
$1.3B
$209.6M
Total Assets
FCPT
FCPT
MITK
MITK
Q1 26
$3.0B
Q4 25
$2.9B
$446.5M
Q3 25
$2.8B
$459.1M
Q2 25
$2.8B
$446.7M
Q1 25
$2.7B
$425.3M
Q4 24
$2.7B
$396.0M
Q3 24
$2.6B
$413.8M
Q2 24
$2.5B
$409.2M
Debt / Equity
FCPT
FCPT
MITK
MITK
Q1 26
Q4 25
0.74×
0.02×
Q3 25
0.79×
0.02×
Q2 25
0.81×
Q1 25
0.84×
Q4 24
0.78×
Q3 24
0.84×
0.01×
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
FCPT
FCPT
MITK
MITK
Operating Cash FlowLast quarter
$8.0M
Free Cash FlowOCF − Capex
$6.6M
FCF MarginFCF / Revenue
14.9%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
2.89×
TTM Free Cash FlowTrailing 4 quarters
$60.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
MITK
MITK
Q1 26
Q4 25
$192.3M
$8.0M
Q3 25
$48.9M
$19.5M
Q2 25
$43.8M
$21.6M
Q1 25
$51.6M
$13.7M
Q4 24
$144.1M
$565.0K
Q3 24
$43.4M
$21.1M
Q2 24
$39.7M
$13.0M
Free Cash Flow
FCPT
FCPT
MITK
MITK
Q1 26
Q4 25
$6.6M
Q3 25
$19.2M
Q2 25
$21.2M
Q1 25
$13.5M
Q4 24
$230.0K
Q3 24
$20.8M
Q2 24
$12.6M
FCF Margin
FCPT
FCPT
MITK
MITK
Q1 26
Q4 25
14.9%
Q3 25
42.9%
Q2 25
46.5%
Q1 25
26.0%
Q4 24
0.6%
Q3 24
48.2%
Q2 24
27.9%
Capex Intensity
FCPT
FCPT
MITK
MITK
Q1 26
Q4 25
3.2%
Q3 25
0.6%
Q2 25
0.7%
Q1 25
0.4%
Q4 24
0.9%
Q3 24
0.7%
Q2 24
1.0%
Cash Conversion
FCPT
FCPT
MITK
MITK
Q1 26
Q4 25
6.53×
2.89×
Q3 25
1.70×
10.46×
Q2 25
1.57×
9.00×
Q1 25
1.97×
1.50×
Q4 24
5.51×
Q3 24
1.70×
2.46×
Q2 24
1.61×
60.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FCPT
FCPT

Rental revenue$69.8M89%
Restaurant revenue$8.4M11%

MITK
MITK

Fraud And Identity Solutions$25.5M58%
License$13.9M31%
Fraud And Identity Solutions Software License And Support$3.9M9%
Professional Services And Other$1.2M3%

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