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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $78.2M, roughly 1.2× Four Corners Property Trust, Inc.). On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
FCPT vs PACK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $93.7M |
| Net Profit | $30.4M | — |
| Gross Margin | — | 39.0% |
| Operating Margin | 55.3% | -1.0% |
| Net Margin | 38.8% | — |
| Revenue YoY | 9.4% | 2.3% |
| Net Profit YoY | 16.0% | — |
| EPS (diluted) | $0.28 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $74.1M | $83.6M | ||
| Q2 25 | $72.8M | $77.8M | ||
| Q1 25 | $71.5M | $77.6M | ||
| Q4 24 | $68.3M | $91.6M | ||
| Q3 24 | $66.8M | $78.6M | ||
| Q2 24 | $66.5M | $72.8M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | — | ||
| Q3 25 | $28.8M | $-10.4M | ||
| Q2 25 | $27.9M | $-7.5M | ||
| Q1 25 | $26.2M | $-10.9M | ||
| Q4 24 | $26.2M | — | ||
| Q3 24 | $25.6M | $-8.1M | ||
| Q2 24 | $24.7M | $5.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -6.8% | ||
| Q2 25 | — | -12.5% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | -5.3% | ||
| Q2 24 | — | -7.1% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | — | ||
| Q3 25 | 38.9% | -12.4% | ||
| Q2 25 | 38.3% | -9.6% | ||
| Q1 25 | 36.6% | -14.0% | ||
| Q4 24 | 38.3% | — | ||
| Q3 24 | 38.3% | -10.3% | ||
| Q2 24 | 37.1% | 7.6% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $-0.11 | ||
| Q3 25 | $0.28 | $-0.12 | ||
| Q2 25 | $0.28 | $-0.09 | ||
| Q1 25 | $0.26 | $-0.13 | ||
| Q4 24 | $0.27 | $-0.13 | ||
| Q3 24 | $0.27 | $-0.10 | ||
| Q2 24 | $0.27 | $0.07 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | $1.7B | $534.9M |
| Total Assets | $3.0B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $63.0M | ||
| Q3 25 | $6.7M | $49.9M | ||
| Q2 25 | $6.0M | $49.2M | ||
| Q1 25 | $22.3M | $65.5M | ||
| Q4 24 | $4.1M | $76.1M | ||
| Q3 24 | $44.5M | $69.5M | ||
| Q2 24 | $17.2M | $65.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $401.9M | ||
| Q3 25 | $1.2B | $403.1M | ||
| Q2 25 | $1.2B | $403.1M | ||
| Q1 25 | $1.2B | $405.2M | ||
| Q4 24 | $1.1B | $406.4M | ||
| Q3 24 | $1.1B | $403.2M | ||
| Q2 24 | $1.2B | $396.1M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $534.9M | ||
| Q3 25 | $1.5B | $537.8M | ||
| Q2 25 | $1.5B | $539.0M | ||
| Q1 25 | $1.4B | $544.1M | ||
| Q4 24 | $1.5B | $548.1M | ||
| Q3 24 | $1.4B | $564.3M | ||
| Q2 24 | $1.3B | $566.2M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $1.1B | ||
| Q3 25 | $2.8B | $1.1B | ||
| Q2 25 | $2.8B | $1.1B | ||
| Q1 25 | $2.7B | $1.1B | ||
| Q4 24 | $2.7B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.5B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 0.75× | ||
| Q3 25 | 0.79× | 0.75× | ||
| Q2 25 | 0.81× | 0.75× | ||
| Q1 25 | 0.84× | 0.74× | ||
| Q4 24 | 0.78× | 0.74× | ||
| Q3 24 | 0.84× | 0.71× | ||
| Q2 24 | 0.92× | 0.70× |
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 | — | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $19.5M | ||
| Q3 25 | $48.9M | $8.5M | ||
| Q2 25 | $43.8M | $-3.6M | ||
| Q1 25 | $51.6M | $-1.3M | ||
| Q4 24 | $144.1M | $6.5M | ||
| Q3 24 | $43.4M | $10.1M | ||
| Q2 24 | $39.7M | $19.6M |
| 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× | 3.56× |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
