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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $78.2M, roughly 1.1× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 18.3%, a 20.5% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 9.4%). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% 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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
FCPT vs OPAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $88.4M |
| Net Profit | $30.4M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | 7.5% |
| Net Margin | 38.8% | 18.3% |
| Revenue YoY | 9.4% | 18.7% |
| Net Profit YoY | 16.0% | 401.5% |
| EPS (diluted) | $0.28 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $74.1M | $77.9M | ||
| Q2 25 | $72.8M | $77.4M | ||
| Q1 25 | $71.5M | $83.0M | ||
| Q4 24 | $68.3M | $74.5M | ||
| Q3 24 | $66.8M | $82.6M | ||
| Q2 24 | $66.5M | $69.8M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $16.2M | ||
| Q3 25 | $28.8M | $11.4M | ||
| Q2 25 | $27.9M | $7.6M | ||
| Q1 25 | $26.2M | $1.3M | ||
| Q4 24 | $26.2M | $-5.4M | ||
| Q3 24 | $25.6M | $17.1M | ||
| Q2 24 | $24.7M | $1.9M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | -1.1% | ||
| Q1 25 | — | -2.3% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 8.1% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | 18.3% | ||
| Q3 25 | 38.9% | 14.6% | ||
| Q2 25 | 38.3% | 9.8% | ||
| Q1 25 | 36.6% | 1.5% | ||
| Q4 24 | 38.3% | -7.2% | ||
| Q3 24 | 38.3% | 20.7% | ||
| Q2 24 | 37.1% | 2.7% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $0.08 | ||
| Q3 25 | $0.28 | $0.05 | ||
| Q2 25 | $0.28 | $0.03 | ||
| Q1 25 | $0.26 | $-0.01 | ||
| Q4 24 | $0.27 | $-0.05 | ||
| Q3 24 | $0.27 | $0.09 | ||
| 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 | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $1.7B | $-12.9M |
| Total Assets | $3.0B | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $24.4M | ||
| Q3 25 | $6.7M | $29.9M | ||
| Q2 25 | $6.0M | $29.3M | ||
| Q1 25 | $22.3M | $40.1M | ||
| Q4 24 | $4.1M | $24.3M | ||
| Q3 24 | $44.5M | $31.0M | ||
| Q2 24 | $17.2M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $361.3M | ||
| Q3 25 | $1.2B | $351.2M | ||
| Q2 25 | $1.2B | $331.6M | ||
| Q1 25 | $1.2B | $307.0M | ||
| Q4 24 | $1.1B | $307.5M | ||
| Q3 24 | $1.1B | $252.9M | ||
| Q2 24 | $1.2B | $233.3M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $-12.9M | ||
| Q3 25 | $1.5B | $7.5M | ||
| Q2 25 | $1.5B | $-25.0M | ||
| Q1 25 | $1.4B | $57.1M | ||
| Q4 24 | $1.5B | $-148.4M | ||
| Q3 24 | $1.4B | $-180.1M | ||
| Q2 24 | $1.3B | $-273.0M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $959.5M | ||
| Q3 25 | $2.8B | $916.7M | ||
| Q2 25 | $2.8B | $905.5M | ||
| Q1 25 | $2.7B | $884.9M | ||
| Q4 24 | $2.7B | $881.1M | ||
| Q3 24 | $2.6B | $831.1M | ||
| Q2 24 | $2.5B | $782.3M |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.79× | 46.95× | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.84× | 5.38× | ||
| 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 | — | $-3.5M |
| Free Cash FlowOCF − Capex | — | $-13.4M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $-3.5M | ||
| Q3 25 | $48.9M | $18.2M | ||
| Q2 25 | $43.8M | $-7.9M | ||
| Q1 25 | $51.6M | $29.7M | ||
| Q4 24 | $144.1M | $-532.0K | ||
| Q3 24 | $43.4M | $17.7M | ||
| Q2 24 | $39.7M | $533.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $-13.4M | ||
| Q3 25 | — | $-9.3M | ||
| Q2 25 | — | $-29.7M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | — | $-55.0M | ||
| Q3 24 | — | $-5.4M | ||
| Q2 24 | — | $-22.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -11.9% | ||
| Q2 25 | — | -38.4% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | -73.8% | ||
| Q3 24 | — | -6.5% | ||
| Q2 24 | — | -32.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.1% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 13.9% | ||
| Q4 24 | — | 73.1% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | 32.9% |
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | -0.22× | ||
| Q3 25 | 1.70× | 1.60× | ||
| Q2 25 | 1.57× | -1.04× | ||
| Q1 25 | 1.97× | 23.11× | ||
| Q4 24 | 5.51× | — | ||
| Q3 24 | 1.70× | 1.03× | ||
| Q2 24 | 1.61× | 0.28× |
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% |
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
