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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $78.2M, roughly 1.8× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -2.3%, a 41.1% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs 9.1%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
FCPT vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $78.2M | $140.7M |
| Net Profit | $30.4M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 55.3% | -1.6% |
| Net Margin | 38.8% | -2.3% |
| Revenue YoY | 9.4% | 9.1% |
| Net Profit YoY | 16.0% | 62.1% |
| EPS (diluted) | $0.28 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $74.1M | $118.8M | ||
| Q2 25 | $72.8M | $105.1M | ||
| Q1 25 | $71.5M | $104.2M | ||
| Q4 24 | $68.3M | $129.0M | ||
| Q3 24 | $66.8M | $118.6M | ||
| Q2 24 | $66.5M | $120.3M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $-3.2M | ||
| Q3 25 | $28.8M | $-11.7M | ||
| Q2 25 | $27.9M | $-17.3M | ||
| Q1 25 | $26.2M | $-19.1M | ||
| Q4 24 | $26.2M | $-8.5M | ||
| Q3 24 | $25.6M | $-39.2M | ||
| Q2 24 | $24.7M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | -10.2% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | — | -13.9% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | — | -39.5% | ||
| Q2 24 | — | -12.1% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | -2.3% | ||
| Q3 25 | 38.9% | -9.9% | ||
| Q2 25 | 38.3% | -16.5% | ||
| Q1 25 | 36.6% | -18.4% | ||
| Q4 24 | 38.3% | -6.6% | ||
| Q3 24 | 38.3% | -33.1% | ||
| Q2 24 | 37.1% | 0.0% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $0.03 | ||
| Q3 25 | $0.28 | $0.11 | ||
| Q2 25 | $0.28 | $0.16 | ||
| Q1 25 | $0.26 | $0.18 | ||
| Q4 24 | $0.27 | $0.08 | ||
| Q3 24 | $0.27 | $0.36 | ||
| Q2 24 | $0.27 | $0.00 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $1.7B | $-29.7M |
| Total Assets | $3.0B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $24.3M | ||
| Q3 25 | $6.7M | $32.4M | ||
| Q2 25 | $6.0M | $34.2M | ||
| Q1 25 | $22.3M | $21.6M | ||
| Q4 24 | $4.1M | $29.0M | ||
| Q3 24 | $44.5M | $23.4M | ||
| Q2 24 | $17.2M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $126.7M | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | $70.7M | ||
| Q3 24 | $1.1B | $50.8M | ||
| Q2 24 | $1.2B | — |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $-29.7M | ||
| Q3 25 | $1.5B | $-26.9M | ||
| Q2 25 | $1.5B | $-15.6M | ||
| Q1 25 | $1.4B | $1.3M | ||
| Q4 24 | $1.5B | $20.2M | ||
| Q3 24 | $1.4B | $28.0M | ||
| Q2 24 | $1.3B | $66.4M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $296.3M | ||
| Q3 25 | $2.8B | $302.1M | ||
| Q2 25 | $2.8B | $303.8M | ||
| Q1 25 | $2.7B | $293.8M | ||
| Q4 24 | $2.7B | $307.8M | ||
| Q3 24 | $2.6B | $309.3M | ||
| Q2 24 | $2.5B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 0.78× | 3.50× | ||
| Q3 24 | 0.84× | 1.82× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $-5.8M | ||
| Q3 25 | $48.9M | $-968.0K | ||
| Q2 25 | $43.8M | $-4.0M | ||
| Q1 25 | $51.6M | $-23.1M | ||
| Q4 24 | $144.1M | $6.8M | ||
| Q3 24 | $43.4M | $1.1M | ||
| Q2 24 | $39.7M | $-8.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% |
| 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× | -330.22× |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |