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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

Bigger by revenue
PRPL
PRPL
1.8× larger
PRPL
$140.7M
$78.2M
FCPT
Growing faster (revenue YoY)
FCPT
FCPT
+0.3% gap
FCPT
9.4%
9.1%
PRPL
Higher net margin
FCPT
FCPT
41.1% more per $
FCPT
38.8%
-2.3%
PRPL
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
8.3%
PRPL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCPT
FCPT
PRPL
PRPL
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.

Revenue
FCPT
FCPT
PRPL
PRPL
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
Net Profit
FCPT
FCPT
PRPL
PRPL
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
Gross Margin
FCPT
FCPT
PRPL
PRPL
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%
Operating Margin
FCPT
FCPT
PRPL
PRPL
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%
Net Margin
FCPT
FCPT
PRPL
PRPL
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%
EPS (diluted)
FCPT
FCPT
PRPL
PRPL
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
FCPT
FCPT
PRPL
PRPL
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.

Cash + ST Investments
FCPT
FCPT
PRPL
PRPL
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
Total Debt
FCPT
FCPT
PRPL
PRPL
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
Stockholders' Equity
FCPT
FCPT
PRPL
PRPL
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
Total Assets
FCPT
FCPT
PRPL
PRPL
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
Debt / Equity
FCPT
FCPT
PRPL
PRPL
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
FCPT
FCPT
PRPL
PRPL
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.

Operating Cash Flow
FCPT
FCPT
PRPL
PRPL
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
Free Cash Flow
FCPT
FCPT
PRPL
PRPL
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
FCF Margin
FCPT
FCPT
PRPL
PRPL
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%
Capex Intensity
FCPT
FCPT
PRPL
PRPL
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%
Cash Conversion
FCPT
FCPT
PRPL
PRPL
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
FCPT

Rental revenue$69.8M89%
Restaurant revenue$8.4M11%

PRPL
PRPL

Cost Of Revenues$81.7M58%
Other$59.0M42%

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