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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $78.2M, roughly 1.6× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 1.5%, a 37.3% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -3.9%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -4.8%).

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.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

FCPT vs SWBI — Head-to-Head

Bigger by revenue
SWBI
SWBI
1.6× larger
SWBI
$124.7M
$78.2M
FCPT
Growing faster (revenue YoY)
FCPT
FCPT
+13.2% gap
FCPT
9.4%
-3.9%
SWBI
Higher net margin
FCPT
FCPT
37.3% more per $
FCPT
38.8%
1.5%
SWBI
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-4.8%
SWBI

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FCPT
FCPT
SWBI
SWBI
Revenue
$78.2M
$124.7M
Net Profit
$30.4M
$1.9M
Gross Margin
24.3%
Operating Margin
55.3%
3.3%
Net Margin
38.8%
1.5%
Revenue YoY
9.4%
-3.9%
Net Profit YoY
16.0%
-53.6%
EPS (diluted)
$0.28
$0.04

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
SWBI
SWBI
Q1 26
$78.2M
Q4 25
$75.7M
$124.7M
Q3 25
$74.1M
$85.1M
Q2 25
$72.8M
$140.8M
Q1 25
$71.5M
$115.9M
Q4 24
$68.3M
$129.7M
Q3 24
$66.8M
$88.3M
Q2 24
$66.5M
$159.1M
Net Profit
FCPT
FCPT
SWBI
SWBI
Q1 26
$30.4M
Q4 25
$29.4M
$1.9M
Q3 25
$28.8M
$-3.4M
Q2 25
$27.9M
$8.6M
Q1 25
$26.2M
$2.1M
Q4 24
$26.2M
$4.5M
Q3 24
$25.6M
$-1.9M
Q2 24
$24.7M
$27.9M
Gross Margin
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Operating Margin
FCPT
FCPT
SWBI
SWBI
Q1 26
55.3%
Q4 25
3.3%
Q3 25
-3.5%
Q2 25
9.3%
Q1 25
4.1%
Q4 24
5.8%
Q3 24
-1.7%
Q2 24
17.4%
Net Margin
FCPT
FCPT
SWBI
SWBI
Q1 26
38.8%
Q4 25
38.9%
1.5%
Q3 25
38.9%
-4.0%
Q2 25
38.3%
6.1%
Q1 25
36.6%
1.8%
Q4 24
38.3%
3.5%
Q3 24
38.3%
-2.1%
Q2 24
37.1%
17.5%
EPS (diluted)
FCPT
FCPT
SWBI
SWBI
Q1 26
$0.28
Q4 25
$0.27
$0.04
Q3 25
$0.28
$-0.08
Q2 25
$0.28
$0.19
Q1 25
$0.26
$0.05
Q4 24
$0.27
$0.10
Q3 24
$0.27
$-0.04
Q2 24
$0.27
$0.60

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$29.6M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$363.2M
Total Assets
$3.0B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
SWBI
SWBI
Q1 26
$29.6M
Q4 25
$12.1M
$22.4M
Q3 25
$6.7M
$18.0M
Q2 25
$6.0M
$25.2M
Q1 25
$22.3M
$26.7M
Q4 24
$4.1M
$39.1M
Q3 24
$44.5M
$35.5M
Q2 24
$17.2M
$60.8M
Total Debt
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
SWBI
SWBI
Q1 26
$1.7B
Q4 25
$1.6B
$363.2M
Q3 25
$1.5B
$364.4M
Q2 25
$1.5B
$372.5M
Q1 25
$1.4B
$366.9M
Q4 24
$1.5B
$371.5M
Q3 24
$1.4B
$380.0M
Q2 24
$1.3B
$399.9M
Total Assets
FCPT
FCPT
SWBI
SWBI
Q1 26
$3.0B
Q4 25
$2.9B
$548.6M
Q3 25
$2.8B
$554.6M
Q2 25
$2.8B
$559.6M
Q1 25
$2.7B
$578.9M
Q4 24
$2.7B
$587.4M
Q3 24
$2.6B
$571.3M
Q2 24
$2.5B
$577.4M
Debt / Equity
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
0.74×
Q3 25
0.79×
Q2 25
0.81×
Q1 25
0.84×
Q4 24
0.78×
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
SWBI
SWBI
Operating Cash FlowLast quarter
$27.3M
Free Cash FlowOCF − Capex
$16.3M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
14.22×
TTM Free Cash FlowTrailing 4 quarters
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
$192.3M
$27.3M
Q3 25
$48.9M
$-8.1M
Q2 25
$43.8M
$40.8M
Q1 25
$51.6M
$-9.8M
Q4 24
$144.1M
$-7.4M
Q3 24
$43.4M
$-30.8M
Q2 24
$39.7M
$43.7M
Free Cash Flow
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
$16.3M
Q3 25
$-12.4M
Q2 25
$33.5M
Q1 25
$-16.1M
Q4 24
$-10.7M
Q3 24
$-35.5M
Q2 24
$38.2M
FCF Margin
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
13.1%
Q3 25
-14.6%
Q2 25
23.8%
Q1 25
-13.9%
Q4 24
-8.3%
Q3 24
-40.2%
Q2 24
24.0%
Capex Intensity
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
8.8%
Q3 25
5.0%
Q2 25
5.2%
Q1 25
5.4%
Q4 24
2.5%
Q3 24
5.3%
Q2 24
3.5%
Cash Conversion
FCPT
FCPT
SWBI
SWBI
Q1 26
Q4 25
6.53×
14.22×
Q3 25
1.70×
Q2 25
1.57×
4.73×
Q1 25
1.97×
-4.68×
Q4 24
5.51×
-1.63×
Q3 24
1.70×
Q2 24
1.61×
1.57×

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%

SWBI
SWBI

Segment breakdown not available.

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