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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and IMPINJ INC (PI). 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 $74.3M, roughly 1.1× IMPINJ INC). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 11.2%, a 27.6% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -0.0%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -14.9%).

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.

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

FCPT vs PI — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.1× larger
FCPT
$78.2M
$74.3M
PI
Growing faster (revenue YoY)
FCPT
FCPT
+9.4% gap
FCPT
9.4%
-0.0%
PI
Higher net margin
FCPT
FCPT
27.6% more per $
FCPT
38.8%
11.2%
PI
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-14.9%
PI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FCPT
FCPT
PI
PI
Revenue
$78.2M
$74.3M
Net Profit
$30.4M
$8.3M
Gross Margin
49.1%
Operating Margin
55.3%
30.5%
Net Margin
38.8%
11.2%
Revenue YoY
9.4%
-0.0%
Net Profit YoY
16.0%
EPS (diluted)
$0.28
$0.14

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
PI
PI
Q1 26
$78.2M
$74.3M
Q4 25
$75.7M
$92.8M
Q3 25
$74.1M
$96.1M
Q2 25
$72.8M
$97.9M
Q1 25
$71.5M
$74.3M
Q4 24
$68.3M
$91.6M
Q3 24
$66.8M
$95.2M
Q2 24
$66.5M
$102.5M
Net Profit
FCPT
FCPT
PI
PI
Q1 26
$30.4M
$8.3M
Q4 25
$29.4M
$-1.1M
Q3 25
$28.8M
$-12.8M
Q2 25
$27.9M
$11.6M
Q1 25
$26.2M
$-8.5M
Q4 24
$26.2M
$-2.7M
Q3 24
$25.6M
$221.0K
Q2 24
$24.7M
$10.0M
Gross Margin
FCPT
FCPT
PI
PI
Q1 26
49.1%
Q4 25
51.8%
Q3 25
50.3%
Q2 25
57.8%
Q1 25
49.4%
Q4 24
50.5%
Q3 24
50.0%
Q2 24
56.1%
Operating Margin
FCPT
FCPT
PI
PI
Q1 26
55.3%
30.5%
Q4 25
-2.9%
Q3 25
0.7%
Q2 25
11.1%
Q1 25
-12.9%
Q4 24
-3.9%
Q3 24
-0.8%
Q2 24
8.8%
Net Margin
FCPT
FCPT
PI
PI
Q1 26
38.8%
11.2%
Q4 25
38.9%
-1.2%
Q3 25
38.9%
-13.3%
Q2 25
38.3%
11.8%
Q1 25
36.6%
-11.4%
Q4 24
38.3%
-2.9%
Q3 24
38.3%
0.2%
Q2 24
37.1%
9.7%
EPS (diluted)
FCPT
FCPT
PI
PI
Q1 26
$0.28
$0.14
Q4 25
$0.27
$-0.02
Q3 25
$0.28
$-0.44
Q2 25
$0.28
$0.39
Q1 25
$0.26
$-0.30
Q4 24
$0.27
$-0.06
Q3 24
$0.27
$0.01
Q2 24
$0.27
$0.34

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
PI
PI
Cash + ST InvestmentsLiquidity on hand
$29.6M
$131.8M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$1.7B
Total Assets
$3.0B
$502.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
PI
PI
Q1 26
$29.6M
$131.8M
Q4 25
$12.1M
$175.3M
Q3 25
$6.7M
$190.1M
Q2 25
$6.0M
$193.2M
Q1 25
$22.3M
$147.9M
Q4 24
$4.1M
$164.7M
Q3 24
$44.5M
$170.3M
Q2 24
$17.2M
$220.2M
Total Debt
FCPT
FCPT
PI
PI
Q1 26
$241.5M
Q4 25
$1.2B
$280.9M
Q3 25
$1.2B
$280.4M
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
$283.5M
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
PI
PI
Q1 26
$1.7B
Q4 25
$1.6B
$209.2M
Q3 25
$1.5B
$195.0M
Q2 25
$1.5B
$187.7M
Q1 25
$1.4B
$160.6M
Q4 24
$1.5B
$149.9M
Q3 24
$1.4B
$136.1M
Q2 24
$1.3B
$117.0M
Total Assets
FCPT
FCPT
PI
PI
Q1 26
$3.0B
$502.5M
Q4 25
$2.9B
$545.2M
Q3 25
$2.8B
$516.5M
Q2 25
$2.8B
$508.8M
Q1 25
$2.7B
$479.8M
Q4 24
$2.7B
$489.1M
Q3 24
$2.6B
$476.4M
Q2 24
$2.5B
$446.1M
Debt / Equity
FCPT
FCPT
PI
PI
Q1 26
Q4 25
0.74×
1.34×
Q3 25
0.79×
1.44×
Q2 25
0.81×
Q1 25
0.84×
Q4 24
0.78×
1.89×
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
PI
PI
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
3.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
PI
PI
Q1 26
Q4 25
$192.3M
$15.1M
Q3 25
$48.9M
$20.9M
Q2 25
$43.8M
$33.9M
Q1 25
$51.6M
$-11.1M
Q4 24
$144.1M
$12.6M
Q3 24
$43.4M
$10.1M
Q2 24
$39.7M
$45.5M
Free Cash Flow
FCPT
FCPT
PI
PI
Q1 26
$2.2M
Q4 25
$13.6M
Q3 25
$18.0M
Q2 25
$27.3M
Q1 25
$-13.0M
Q4 24
$8.5M
Q3 24
$4.7M
Q2 24
$44.1M
FCF Margin
FCPT
FCPT
PI
PI
Q1 26
3.0%
Q4 25
14.7%
Q3 25
18.7%
Q2 25
27.9%
Q1 25
-17.5%
Q4 24
9.3%
Q3 24
4.9%
Q2 24
43.0%
Capex Intensity
FCPT
FCPT
PI
PI
Q1 26
Q4 25
1.6%
Q3 25
3.1%
Q2 25
6.7%
Q1 25
2.5%
Q4 24
4.5%
Q3 24
5.7%
Q2 24
1.3%
Cash Conversion
FCPT
FCPT
PI
PI
Q1 26
Q4 25
6.53×
Q3 25
1.70×
Q2 25
1.57×
2.93×
Q1 25
1.97×
Q4 24
5.51×
Q3 24
1.70×
45.56×
Q2 24
1.61×
4.56×

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%

PI
PI

Segment breakdown not available.

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