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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Repay Holdings Corp is the larger business by last-quarter revenue ($78.6M vs $78.2M, roughly 1.0× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -178.3%, a 217.1% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs 0.4%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
FCPT vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $78.6M |
| Net Profit | $30.4M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | 55.3% | -182.2% |
| Net Margin | 38.8% | -178.3% |
| Revenue YoY | 9.4% | 0.4% |
| Net Profit YoY | 16.0% | -3304.1% |
| EPS (diluted) | $0.28 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $74.1M | $77.7M | ||
| Q2 25 | $72.8M | $75.6M | ||
| Q1 25 | $71.5M | $77.3M | ||
| Q4 24 | $68.3M | $78.3M | ||
| Q3 24 | $66.8M | $79.1M | ||
| Q2 24 | $66.5M | $74.9M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $-140.1M | ||
| Q3 25 | $28.8M | $-6.4M | ||
| Q2 25 | $27.9M | $-102.3M | ||
| Q1 25 | $26.2M | $-7.9M | ||
| Q4 24 | $26.2M | $-4.1M | ||
| Q3 24 | $25.6M | $3.2M | ||
| Q2 24 | $24.7M | $-4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -182.2% | ||
| Q3 25 | — | -3.9% | ||
| Q2 25 | — | -138.7% | ||
| Q1 25 | — | -4.7% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -4.6% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | -178.3% | ||
| Q3 25 | 38.9% | -8.3% | ||
| Q2 25 | 38.3% | -135.2% | ||
| Q1 25 | 36.6% | -10.3% | ||
| Q4 24 | 38.3% | -5.3% | ||
| Q3 24 | 38.3% | 4.1% | ||
| Q2 24 | 37.1% | -5.4% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $-1.68 | ||
| Q3 25 | $0.28 | $-0.08 | ||
| Q2 25 | $0.28 | $-1.15 | ||
| Q1 25 | $0.26 | $-0.09 | ||
| Q4 24 | $0.27 | $-0.04 | ||
| Q3 24 | $0.27 | $0.03 | ||
| Q2 24 | $0.27 | $-0.04 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.7B | $484.4M |
| Total Assets | $3.0B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $115.7M | ||
| Q3 25 | $6.7M | $95.7M | ||
| Q2 25 | $6.0M | $162.6M | ||
| Q1 25 | $22.3M | $165.5M | ||
| Q4 24 | $4.1M | $189.5M | ||
| Q3 24 | $44.5M | $168.7M | ||
| Q2 24 | $17.2M | $147.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $280.1M | ||
| Q3 25 | $1.2B | $279.5M | ||
| Q2 25 | $1.2B | $279.0M | ||
| Q1 25 | $1.2B | $497.6M | ||
| Q4 24 | $1.1B | $496.8M | ||
| Q3 24 | $1.1B | $496.2M | ||
| Q2 24 | $1.2B | $435.6M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $484.4M | ||
| Q3 25 | $1.5B | $616.9M | ||
| Q2 25 | $1.5B | $633.7M | ||
| Q1 25 | $1.4B | $755.7M | ||
| Q4 24 | $1.5B | $761.3M | ||
| Q3 24 | $1.4B | $754.7M | ||
| Q2 24 | $1.3B | $815.4M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $1.2B | ||
| Q3 25 | $2.8B | $1.3B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.7B | $1.5B | ||
| Q4 24 | $2.7B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.5B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 0.58× | ||
| Q3 25 | 0.79× | 0.45× | ||
| Q2 25 | 0.81× | 0.44× | ||
| Q1 25 | 0.84× | 0.66× | ||
| Q4 24 | 0.78× | 0.65× | ||
| Q3 24 | 0.84× | 0.66× | ||
| Q2 24 | 0.92× | 0.53× |
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 | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $23.3M | ||
| Q3 25 | $48.9M | $32.2M | ||
| Q2 25 | $43.8M | $33.1M | ||
| Q1 25 | $51.6M | $2.5M | ||
| Q4 24 | $144.1M | $34.3M | ||
| Q3 24 | $43.4M | $60.1M | ||
| Q2 24 | $39.7M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $23.2M | ||
| Q3 25 | — | $32.1M | ||
| Q2 25 | — | $33.0M | ||
| Q1 25 | — | $2.4M | ||
| Q4 24 | — | $34.0M | ||
| Q3 24 | — | $59.8M | ||
| Q2 24 | — | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.6% |
| 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× | 18.52× | ||
| Q2 24 | 1.61× | — |
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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
