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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and NPK International Inc. (NPKI). 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 $75.2M, roughly 1.0× NPK International Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 9.4%). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs 8.4%).

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.

FCPT vs NPKI — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.0× larger
FCPT
$78.2M
$75.2M
NPKI
Growing faster (revenue YoY)
NPKI
NPKI
+21.4% gap
NPKI
30.7%
9.4%
FCPT
Faster 2-yr revenue CAGR
NPKI
NPKI
Annualised
NPKI
23.9%
8.4%
FCPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCPT
FCPT
NPKI
NPKI
Revenue
$78.2M
$75.2M
Net Profit
$30.4M
Gross Margin
37.7%
Operating Margin
55.3%
16.7%
Net Margin
38.8%
Revenue YoY
9.4%
30.7%
Net Profit YoY
16.0%
EPS (diluted)
$0.28
$0.17

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
NPKI
NPKI
Q1 26
$78.2M
Q4 25
$75.7M
$75.2M
Q3 25
$74.1M
$68.8M
Q2 25
$72.8M
$68.2M
Q1 25
$71.5M
$64.8M
Q4 24
$68.3M
$57.5M
Q3 24
$66.8M
$44.2M
Q2 24
$66.5M
$66.8M
Net Profit
FCPT
FCPT
NPKI
NPKI
Q1 26
$30.4M
Q4 25
$29.4M
Q3 25
$28.8M
$5.7M
Q2 25
$27.9M
$8.7M
Q1 25
$26.2M
$10.0M
Q4 24
$26.2M
Q3 24
$25.6M
$-174.3M
Q2 24
$24.7M
$8.0M
Gross Margin
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
37.7%
Q3 25
31.9%
Q2 25
36.9%
Q1 25
39.0%
Q4 24
39.2%
Q3 24
27.5%
Q2 24
37.2%
Operating Margin
FCPT
FCPT
NPKI
NPKI
Q1 26
55.3%
Q4 25
16.7%
Q3 25
13.2%
Q2 25
17.0%
Q1 25
20.9%
Q4 24
20.2%
Q3 24
2.8%
Q2 24
18.7%
Net Margin
FCPT
FCPT
NPKI
NPKI
Q1 26
38.8%
Q4 25
38.9%
Q3 25
38.9%
8.2%
Q2 25
38.3%
12.7%
Q1 25
36.6%
15.4%
Q4 24
38.3%
Q3 24
38.3%
-394.3%
Q2 24
37.1%
12.0%
EPS (diluted)
FCPT
FCPT
NPKI
NPKI
Q1 26
$0.28
Q4 25
$0.27
$0.17
Q3 25
$0.28
$0.07
Q2 25
$0.28
$0.10
Q1 25
$0.26
$0.11
Q4 24
$0.27
$0.10
Q3 24
$0.27
$-1.99
Q2 24
$0.27
$0.09

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
NPKI
NPKI
Cash + ST InvestmentsLiquidity on hand
$29.6M
$5.1M
Total DebtLower is stronger
$16.9M
Stockholders' EquityBook value
$1.7B
$351.2M
Total Assets
$3.0B
$441.8M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
NPKI
NPKI
Q1 26
$29.6M
Q4 25
$12.1M
$5.1M
Q3 25
$6.7M
$35.6M
Q2 25
$6.0M
$26.0M
Q1 25
$22.3M
$20.8M
Q4 24
$4.1M
$17.8M
Q3 24
$44.5M
$42.9M
Q2 24
$17.2M
$35.1M
Total Debt
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
$1.2B
$16.9M
Q3 25
$1.2B
$9.5M
Q2 25
$1.2B
$9.3M
Q1 25
$1.2B
$8.1M
Q4 24
$1.1B
$7.7M
Q3 24
$1.1B
$14.0M
Q2 24
$1.2B
$58.0M
Stockholders' Equity
FCPT
FCPT
NPKI
NPKI
Q1 26
$1.7B
Q4 25
$1.6B
$351.2M
Q3 25
$1.5B
$333.9M
Q2 25
$1.5B
$328.8M
Q1 25
$1.4B
$326.9M
Q4 24
$1.5B
$326.5M
Q3 24
$1.4B
$316.5M
Q2 24
$1.3B
$426.6M
Total Assets
FCPT
FCPT
NPKI
NPKI
Q1 26
$3.0B
Q4 25
$2.9B
$441.8M
Q3 25
$2.8B
$404.5M
Q2 25
$2.8B
$393.7M
Q1 25
$2.7B
$390.0M
Q4 24
$2.7B
$393.7M
Q3 24
$2.6B
$389.6M
Q2 24
$2.5B
$624.8M
Debt / Equity
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
0.74×
0.05×
Q3 25
0.79×
0.03×
Q2 25
0.81×
0.03×
Q1 25
0.84×
0.02×
Q4 24
0.78×
0.02×
Q3 24
0.84×
0.04×
Q2 24
0.92×
0.14×

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
NPKI
NPKI
Operating Cash FlowLast quarter
$18.0M
Free Cash FlowOCF − Capex
$5.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
16.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
$192.3M
$18.0M
Q3 25
$48.9M
$24.7M
Q2 25
$43.8M
$21.4M
Q1 25
$51.6M
$8.8M
Q4 24
$144.1M
$-4.1M
Q3 24
$43.4M
$2.8M
Q2 24
$39.7M
$27.6M
Free Cash Flow
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
$5.8M
Q3 25
$12.0M
Q2 25
$9.7M
Q1 25
$-1.2M
Q4 24
$-17.7M
Q3 24
$-6.7M
Q2 24
$21.0M
FCF Margin
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
7.6%
Q3 25
17.4%
Q2 25
14.3%
Q1 25
-1.8%
Q4 24
-30.8%
Q3 24
-15.2%
Q2 24
31.4%
Capex Intensity
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
16.3%
Q3 25
18.5%
Q2 25
17.1%
Q1 25
15.5%
Q4 24
23.6%
Q3 24
21.4%
Q2 24
9.9%
Cash Conversion
FCPT
FCPT
NPKI
NPKI
Q1 26
Q4 25
6.53×
Q3 25
1.70×
4.37×
Q2 25
1.57×
2.47×
Q1 25
1.97×
0.88×
Q4 24
5.51×
Q3 24
1.70×
Q2 24
1.61×
3.43×

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%

NPKI
NPKI

Rental Revenue$34.8M46%
Products$25.5M34%
Services$14.9M20%

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