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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Ouster, Inc. (OUST). 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 $62.2M, roughly 1.3× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 9.4%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

FCPT vs OUST — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.3× larger
FCPT
$78.2M
$62.2M
OUST
Growing faster (revenue YoY)
OUST
OUST
+97.3% gap
OUST
106.6%
9.4%
FCPT
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
8.4%
FCPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCPT
FCPT
OUST
OUST
Revenue
$78.2M
$62.2M
Net Profit
$30.4M
Gross Margin
60.2%
Operating Margin
55.3%
1.5%
Net Margin
38.8%
Revenue YoY
9.4%
106.6%
Net Profit YoY
16.0%
EPS (diluted)
$0.28
$0.10

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
OUST
OUST
Q1 26
$78.2M
Q4 25
$75.7M
$62.2M
Q3 25
$74.1M
$39.5M
Q2 25
$72.8M
$35.0M
Q1 25
$71.5M
$32.6M
Q4 24
$68.3M
$30.1M
Q3 24
$66.8M
$28.1M
Q2 24
$66.5M
$27.0M
Net Profit
FCPT
FCPT
OUST
OUST
Q1 26
$30.4M
Q4 25
$29.4M
Q3 25
$28.8M
$-21.7M
Q2 25
$27.9M
$-20.6M
Q1 25
$26.2M
$-22.0M
Q4 24
$26.2M
Q3 24
$25.6M
$-25.6M
Q2 24
$24.7M
$-23.9M
Gross Margin
FCPT
FCPT
OUST
OUST
Q1 26
Q4 25
60.2%
Q3 25
42.1%
Q2 25
45.2%
Q1 25
41.3%
Q4 24
43.8%
Q3 24
38.3%
Q2 24
33.7%
Operating Margin
FCPT
FCPT
OUST
OUST
Q1 26
55.3%
Q4 25
1.5%
Q3 25
-61.4%
Q2 25
-76.5%
Q1 25
-73.0%
Q4 24
-85.1%
Q3 24
-98.0%
Q2 24
-93.6%
Net Margin
FCPT
FCPT
OUST
OUST
Q1 26
38.8%
Q4 25
38.9%
Q3 25
38.9%
-55.0%
Q2 25
38.3%
-58.8%
Q1 25
36.6%
-67.5%
Q4 24
38.3%
Q3 24
38.3%
-91.1%
Q2 24
37.1%
-88.4%
EPS (diluted)
FCPT
FCPT
OUST
OUST
Q1 26
$0.28
Q4 25
$0.27
$0.10
Q3 25
$0.28
$-0.37
Q2 25
$0.28
$-0.38
Q1 25
$0.26
$-0.42
Q4 24
$0.27
$-0.46
Q3 24
$0.27
$-0.54
Q2 24
$0.27
$-0.53

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$29.6M
$208.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$261.7M
Total Assets
$3.0B
$349.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
OUST
OUST
Q1 26
$29.6M
Q4 25
$12.1M
$208.6M
Q3 25
$6.7M
$244.5M
Q2 25
$6.0M
$226.5M
Q1 25
$22.3M
$168.2M
Q4 24
$4.1M
$172.0M
Q3 24
$44.5M
$151.4M
Q2 24
$17.2M
$184.2M
Total Debt
FCPT
FCPT
OUST
OUST
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
OUST
OUST
Q1 26
$1.7B
Q4 25
$1.6B
$261.7M
Q3 25
$1.5B
$247.4M
Q2 25
$1.5B
$221.0M
Q1 25
$1.4B
$167.9M
Q4 24
$1.5B
$180.9M
Q3 24
$1.4B
$171.7M
Q2 24
$1.3B
$170.6M
Total Assets
FCPT
FCPT
OUST
OUST
Q1 26
$3.0B
Q4 25
$2.9B
$349.5M
Q3 25
$2.8B
$353.8M
Q2 25
$2.8B
$321.8M
Q1 25
$2.7B
$268.6M
Q4 24
$2.7B
$276.1M
Q3 24
$2.6B
$255.2M
Q2 24
$2.5B
$309.9M
Debt / Equity
FCPT
FCPT
OUST
OUST
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
OUST
OUST
Operating Cash FlowLast quarter
$-15.4M
Free Cash FlowOCF − Capex
$-37.2M
FCF MarginFCF / Revenue
-59.8%
Capex IntensityCapex / Revenue
35.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
OUST
OUST
Q1 26
Q4 25
$192.3M
$-15.4M
Q3 25
$48.9M
$-18.3M
Q2 25
$43.8M
$-1.3M
Q1 25
$51.6M
$-4.9M
Q4 24
$144.1M
$-2.6M
Q3 24
$43.4M
$-3.8M
Q2 24
$39.7M
$-21.6M
Free Cash Flow
FCPT
FCPT
OUST
OUST
Q1 26
Q4 25
$-37.2M
Q3 25
$-20.0M
Q2 25
$-2.2M
Q1 25
$-5.4M
Q4 24
$-4.0M
Q3 24
$-4.3M
Q2 24
$-22.0M
FCF Margin
FCPT
FCPT
OUST
OUST
Q1 26
Q4 25
-59.8%
Q3 25
-50.7%
Q2 25
-6.3%
Q1 25
-16.6%
Q4 24
-13.3%
Q3 24
-15.4%
Q2 24
-81.5%
Capex Intensity
FCPT
FCPT
OUST
OUST
Q1 26
Q4 25
35.0%
Q3 25
4.3%
Q2 25
2.5%
Q1 25
1.7%
Q4 24
4.8%
Q3 24
2.0%
Q2 24
1.3%
Cash Conversion
FCPT
FCPT
OUST
OUST
Q1 26
Q4 25
6.53×
Q3 25
1.70×
Q2 25
1.57×
Q1 25
1.97×
Q4 24
5.51×
Q3 24
1.70×
Q2 24
1.61×

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%

OUST
OUST

Segment breakdown not available.

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