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

Navigator Holdings Ltd. is the larger business by last-quarter revenue ($129.6M vs $78.2M, roughly 1.7× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 16.5%, a 22.3% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -11.6%).

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.

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

FCPT vs NVGS — Head-to-Head

Bigger by revenue
NVGS
NVGS
1.7× larger
NVGS
$129.6M
$78.2M
FCPT
Growing faster (revenue YoY)
FCPT
FCPT
+21.0% gap
FCPT
9.4%
-11.6%
NVGS
Higher net margin
FCPT
FCPT
22.3% more per $
FCPT
38.8%
16.5%
NVGS

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
FCPT
FCPT
NVGS
NVGS
Revenue
$78.2M
$129.6M
Net Profit
$30.4M
$21.5M
Gross Margin
Operating Margin
55.3%
15.8%
Net Margin
38.8%
16.5%
Revenue YoY
9.4%
-11.6%
Net Profit YoY
16.0%
-7.7%
EPS (diluted)
$0.28
$0.31

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
NVGS
NVGS
Q1 26
$78.2M
Q4 25
$75.7M
Q3 25
$74.1M
Q2 25
$72.8M
$129.6M
Q1 25
$71.5M
Q4 24
$68.3M
Q3 24
$66.8M
Q2 24
$66.5M
$146.7M
Net Profit
FCPT
FCPT
NVGS
NVGS
Q1 26
$30.4M
Q4 25
$29.4M
Q3 25
$28.8M
Q2 25
$27.9M
$21.5M
Q1 25
$26.2M
Q4 24
$26.2M
Q3 24
$25.6M
Q2 24
$24.7M
$23.2M
Operating Margin
FCPT
FCPT
NVGS
NVGS
Q1 26
55.3%
Q4 25
Q3 25
Q2 25
15.8%
Q1 25
Q4 24
Q3 24
Q2 24
26.9%
Net Margin
FCPT
FCPT
NVGS
NVGS
Q1 26
38.8%
Q4 25
38.9%
Q3 25
38.9%
Q2 25
38.3%
16.5%
Q1 25
36.6%
Q4 24
38.3%
Q3 24
38.3%
Q2 24
37.1%
15.8%
EPS (diluted)
FCPT
FCPT
NVGS
NVGS
Q1 26
$0.28
Q4 25
$0.27
Q3 25
$0.28
Q2 25
$0.28
$0.31
Q1 25
$0.26
Q4 24
$0.27
Q3 24
$0.27
Q2 24
$0.27
$0.32

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
NVGS
NVGS
Cash + ST InvestmentsLiquidity on hand
$29.6M
$238.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$1.2B
Total Assets
$3.0B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
NVGS
NVGS
Q1 26
$29.6M
Q4 25
$12.1M
Q3 25
$6.7M
Q2 25
$6.0M
$238.1M
Q1 25
$22.3M
Q4 24
$4.1M
Q3 24
$44.5M
Q2 24
$17.2M
Total Debt
FCPT
FCPT
NVGS
NVGS
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
Stockholders' Equity
FCPT
FCPT
NVGS
NVGS
Q1 26
$1.7B
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.5B
$1.2B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.3B
$1.2B
Total Assets
FCPT
FCPT
NVGS
NVGS
Q1 26
$3.0B
Q4 25
$2.9B
Q3 25
$2.8B
Q2 25
$2.8B
$2.4B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$2.6B
Q2 24
$2.5B
$2.1B
Debt / Equity
FCPT
FCPT
NVGS
NVGS
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×

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%

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

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