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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Quipt Home Medical Corp. (QIPT). 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 $49.0M, roughly 1.6× Quipt Home Medical Corp.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -2.1%, a 41.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 9.4%).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

FCPT vs QIPT — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.6× larger
FCPT
$78.2M
$49.0M
QIPT
Growing faster (revenue YoY)
QIPT
QIPT
+22.9% gap
QIPT
32.3%
9.4%
FCPT
Higher net margin
FCPT
FCPT
41.0% more per $
FCPT
38.8%
-2.1%
QIPT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FCPT
FCPT
QIPT
QIPT
Revenue
$78.2M
$49.0M
Net Profit
$30.4M
$-1.1M
Gross Margin
53.5%
Operating Margin
55.3%
2.1%
Net Margin
38.8%
-2.1%
Revenue YoY
9.4%
32.3%
Net Profit YoY
16.0%
2.9%
EPS (diluted)
$0.28
$-0.02

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
QIPT
QIPT
Q1 26
$78.2M
Q4 25
$75.7M
$49.0M
Q3 25
$74.1M
$39.8M
Q2 25
$72.8M
$35.1M
Q1 25
$71.5M
$33.3M
Q4 24
$68.3M
$37.1M
Q3 24
$66.8M
Q2 24
$66.5M
Net Profit
FCPT
FCPT
QIPT
QIPT
Q1 26
$30.4M
Q4 25
$29.4M
$-1.1M
Q3 25
$28.8M
$-3.5M
Q2 25
$27.9M
$-3.0M
Q1 25
$26.2M
$-3.0M
Q4 24
$26.2M
$-1.1M
Q3 24
$25.6M
Q2 24
$24.7M
Gross Margin
FCPT
FCPT
QIPT
QIPT
Q1 26
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Operating Margin
FCPT
FCPT
QIPT
QIPT
Q1 26
55.3%
Q4 25
2.1%
Q3 25
-3.6%
Q2 25
-5.2%
Q1 25
-3.0%
Q4 24
1.2%
Q3 24
Q2 24
Net Margin
FCPT
FCPT
QIPT
QIPT
Q1 26
38.8%
Q4 25
38.9%
-2.1%
Q3 25
38.9%
-8.9%
Q2 25
38.3%
-8.6%
Q1 25
36.6%
-9.1%
Q4 24
38.3%
-2.9%
Q3 24
38.3%
Q2 24
37.1%
EPS (diluted)
FCPT
FCPT
QIPT
QIPT
Q1 26
$0.28
Q4 25
$0.27
$-0.02
Q3 25
$0.28
$-0.07
Q2 25
$0.28
$-0.07
Q1 25
$0.26
$-0.07
Q4 24
$0.27
$-0.03
Q3 24
$0.27
Q2 24
$0.27

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$29.6M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$1.7B
$113.0M
Total Assets
$3.0B
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
QIPT
QIPT
Q1 26
$29.6M
Q4 25
$12.1M
$10.5M
Q3 25
$6.7M
$12.9M
Q2 25
$6.0M
$11.3M
Q1 25
$22.3M
$17.1M
Q4 24
$4.1M
$15.5M
Q3 24
$44.5M
Q2 24
$17.2M
Total Debt
FCPT
FCPT
QIPT
QIPT
Q1 26
Q4 25
$1.2B
$84.0M
Q3 25
$1.2B
$87.6M
Q2 25
$1.2B
$66.0M
Q1 25
$1.2B
$71.5M
Q4 24
$1.1B
$70.6M
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
QIPT
QIPT
Q1 26
$1.7B
Q4 25
$1.6B
$113.0M
Q3 25
$1.5B
$112.1M
Q2 25
$1.5B
$102.5M
Q1 25
$1.4B
$103.6M
Q4 24
$1.5B
$106.3M
Q3 24
$1.4B
Q2 24
$1.3B
Total Assets
FCPT
FCPT
QIPT
QIPT
Q1 26
$3.0B
Q4 25
$2.9B
$280.7M
Q3 25
$2.8B
$283.3M
Q2 25
$2.8B
$236.1M
Q1 25
$2.7B
$244.6M
Q4 24
$2.7B
$242.8M
Q3 24
$2.6B
Q2 24
$2.5B
Debt / Equity
FCPT
FCPT
QIPT
QIPT
Q1 26
Q4 25
0.74×
0.74×
Q3 25
0.79×
0.78×
Q2 25
0.81×
0.64×
Q1 25
0.84×
0.69×
Q4 24
0.78×
0.66×
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
QIPT
QIPT
Operating Cash FlowLast quarter
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
QIPT
QIPT
Q1 26
Q4 25
$192.3M
$8.9M
Q3 25
$48.9M
$9.8M
Q2 25
$43.8M
$9.7M
Q1 25
$51.6M
$8.9M
Q4 24
$144.1M
$9.3M
Q3 24
$43.4M
Q2 24
$39.7M
Free Cash Flow
FCPT
FCPT
QIPT
QIPT
Q1 26
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$5.6M
Q3 24
Q2 24
FCF Margin
FCPT
FCPT
QIPT
QIPT
Q1 26
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
15.2%
Q3 24
Q2 24
Capex Intensity
FCPT
FCPT
QIPT
QIPT
Q1 26
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
9.9%
Q3 24
Q2 24
Cash Conversion
FCPT
FCPT
QIPT
QIPT
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%

QIPT
QIPT

Segment breakdown not available.

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