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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and OneSpan Inc. (OSPN). 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 $65.9M, roughly 1.2× OneSpan Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 17.5%, a 21.3% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs 4.1%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs 4.0%).

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.

OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.

FCPT vs OSPN — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.2× larger
FCPT
$78.2M
$65.9M
OSPN
Growing faster (revenue YoY)
FCPT
FCPT
+5.3% gap
FCPT
9.4%
4.1%
OSPN
Higher net margin
FCPT
FCPT
21.3% more per $
FCPT
38.8%
17.5%
OSPN
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
4.0%
OSPN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FCPT
FCPT
OSPN
OSPN
Revenue
$78.2M
$65.9M
Net Profit
$30.4M
$11.6M
Gross Margin
73.6%
Operating Margin
55.3%
22.5%
Net Margin
38.8%
17.5%
Revenue YoY
9.4%
4.1%
Net Profit YoY
16.0%
EPS (diluted)
$0.28
$0.39

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
OSPN
OSPN
Q1 26
$78.2M
$65.9M
Q4 25
$75.7M
$62.9M
Q3 25
$74.1M
$57.1M
Q2 25
$72.8M
$59.8M
Q1 25
$71.5M
$63.4M
Q4 24
$68.3M
$61.2M
Q3 24
$66.8M
$56.2M
Q2 24
$66.5M
$60.9M
Net Profit
FCPT
FCPT
OSPN
OSPN
Q1 26
$30.4M
$11.6M
Q4 25
$29.4M
$43.5M
Q3 25
$28.8M
$6.5M
Q2 25
$27.9M
$8.3M
Q1 25
$26.2M
$14.5M
Q4 24
$26.2M
$28.8M
Q3 24
$25.6M
$8.3M
Q2 24
$24.7M
$6.6M
Gross Margin
FCPT
FCPT
OSPN
OSPN
Q1 26
73.6%
Q4 25
73.6%
Q3 25
73.6%
Q2 25
73.5%
Q1 25
74.3%
Q4 24
74.0%
Q3 24
73.9%
Q2 24
66.2%
Operating Margin
FCPT
FCPT
OSPN
OSPN
Q1 26
55.3%
22.5%
Q4 25
19.9%
Q3 25
14.4%
Q2 25
17.6%
Q1 25
27.1%
Q4 24
19.3%
Q3 24
20.0%
Q2 24
12.5%
Net Margin
FCPT
FCPT
OSPN
OSPN
Q1 26
38.8%
17.5%
Q4 25
38.9%
69.2%
Q3 25
38.9%
11.4%
Q2 25
38.3%
13.9%
Q1 25
36.6%
22.9%
Q4 24
38.3%
47.1%
Q3 24
38.3%
14.7%
Q2 24
37.1%
10.8%
EPS (diluted)
FCPT
FCPT
OSPN
OSPN
Q1 26
$0.28
$0.39
Q4 25
$0.27
$1.13
Q3 25
$0.28
$0.17
Q2 25
$0.28
$0.21
Q1 25
$0.26
$0.37
Q4 24
$0.27
$0.73
Q3 24
$0.27
$0.21
Q2 24
$0.27
$0.17

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$29.6M
$49.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$272.0M
Total Assets
$3.0B
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
OSPN
OSPN
Q1 26
$29.6M
$49.8M
Q4 25
$12.1M
$70.5M
Q3 25
$6.7M
$85.6M
Q2 25
$6.0M
$92.9M
Q1 25
$22.3M
$105.2M
Q4 24
$4.1M
$83.2M
Q3 24
$44.5M
$77.5M
Q2 24
$17.2M
$63.8M
Total Debt
FCPT
FCPT
OSPN
OSPN
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
OSPN
OSPN
Q1 26
$1.7B
$272.0M
Q4 25
$1.6B
$271.8M
Q3 25
$1.5B
$238.3M
Q2 25
$1.5B
$242.5M
Q1 25
$1.4B
$231.1M
Q4 24
$1.5B
$212.5M
Q3 24
$1.4B
$194.6M
Q2 24
$1.3B
$178.6M
Total Assets
FCPT
FCPT
OSPN
OSPN
Q1 26
$3.0B
$383.1M
Q4 25
$2.9B
$397.7M
Q3 25
$2.8B
$343.5M
Q2 25
$2.8B
$357.1M
Q1 25
$2.7B
$333.8M
Q4 24
$2.7B
$338.7M
Q3 24
$2.6B
$289.3M
Q2 24
$2.5B
$286.9M
Debt / Equity
FCPT
FCPT
OSPN
OSPN
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
FCPT
FCPT
OSPN
OSPN
Operating Cash FlowLast quarter
$28.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$192.3M
$12.6M
Q3 25
$48.9M
$11.3M
Q2 25
$43.8M
$6.2M
Q1 25
$51.6M
$29.4M
Q4 24
$144.1M
$12.4M
Q3 24
$43.4M
$14.0M
Q2 24
$39.7M
$2.3M
Free Cash Flow
FCPT
FCPT
OSPN
OSPN
Q1 26
Q4 25
$9.6M
Q3 25
$8.8M
Q2 25
$4.4M
Q1 25
$27.7M
Q4 24
$10.5M
Q3 24
$12.0M
Q2 24
$26.0K
FCF Margin
FCPT
FCPT
OSPN
OSPN
Q1 26
Q4 25
15.3%
Q3 25
15.4%
Q2 25
7.3%
Q1 25
43.8%
Q4 24
17.1%
Q3 24
21.4%
Q2 24
0.0%
Capex Intensity
FCPT
FCPT
OSPN
OSPN
Q1 26
Q4 25
4.7%
Q3 25
4.4%
Q2 25
3.1%
Q1 25
2.6%
Q4 24
3.2%
Q3 24
3.5%
Q2 24
3.7%
Cash Conversion
FCPT
FCPT
OSPN
OSPN
Q1 26
2.44×
Q4 25
6.53×
0.29×
Q3 25
1.70×
1.74×
Q2 25
1.57×
0.75×
Q1 25
1.97×
2.02×
Q4 24
5.51×
0.43×
Q3 24
1.70×
1.69×
Q2 24
1.61×
0.35×

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%

OSPN
OSPN

Product and license$35.5M54%
Services and other$30.4M46%

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