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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and TELOS CORP (TLS). 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 $46.8M, roughly 1.7× TELOS CORP). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -34.9%, a 73.7% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 9.4%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs 8.4%).
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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
FCPT vs TLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $46.8M |
| Net Profit | $30.4M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 55.3% | -39.6% |
| Net Margin | 38.8% | -34.9% |
| Revenue YoY | 9.4% | 77.4% |
| Net Profit YoY | 16.0% | -74.8% |
| EPS (diluted) | $0.28 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $74.1M | $51.4M | ||
| Q2 25 | $72.8M | $36.0M | ||
| Q1 25 | $71.5M | $30.6M | ||
| Q4 24 | $68.3M | $26.4M | ||
| Q3 24 | $66.8M | $23.8M | ||
| Q2 24 | $66.5M | $28.5M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $-16.3M | ||
| Q3 25 | $28.8M | $-2.1M | ||
| Q2 25 | $27.9M | $-9.5M | ||
| Q1 25 | $26.2M | $-8.6M | ||
| Q4 24 | $26.2M | $-9.3M | ||
| Q3 24 | $25.6M | $-28.1M | ||
| Q2 24 | $24.7M | $-7.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -39.6% | ||
| Q3 25 | — | -4.8% | ||
| Q2 25 | — | -27.5% | ||
| Q1 25 | — | -29.5% | ||
| Q4 24 | — | -37.6% | ||
| Q3 24 | — | -121.4% | ||
| Q2 24 | — | -30.3% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | -34.9% | ||
| Q3 25 | 38.9% | -4.1% | ||
| Q2 25 | 38.3% | -26.5% | ||
| Q1 25 | 36.6% | -28.1% | ||
| Q4 24 | 38.3% | -35.4% | ||
| Q3 24 | 38.3% | -118.0% | ||
| Q2 24 | 37.1% | -27.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $-0.22 | ||
| Q3 25 | $0.28 | $-0.03 | ||
| Q2 25 | $0.28 | $-0.13 | ||
| Q1 25 | $0.26 | $-0.12 | ||
| Q4 24 | $0.27 | $-0.13 | ||
| Q3 24 | $0.27 | $-0.39 | ||
| Q2 24 | $0.27 | $-0.11 |
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 | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $96.0M |
| Total Assets | $3.0B | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $53.2M | ||
| Q3 25 | $6.7M | $59.0M | ||
| Q2 25 | $6.0M | $57.0M | ||
| Q1 25 | $22.3M | $57.8M | ||
| Q4 24 | $4.1M | $54.6M | ||
| Q3 24 | $44.5M | $69.8M | ||
| Q2 24 | $17.2M | $80.1M |
| 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 | — |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $96.0M | ||
| Q3 25 | $1.5B | $119.7M | ||
| Q2 25 | $1.5B | $118.4M | ||
| Q1 25 | $1.4B | $126.1M | ||
| Q4 24 | $1.5B | $127.1M | ||
| Q3 24 | $1.4B | $129.5M | ||
| Q2 24 | $1.3B | $149.1M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $139.9M | ||
| Q3 25 | $2.8B | $164.3M | ||
| Q2 25 | $2.8B | $165.0M | ||
| Q1 25 | $2.7B | $158.1M | ||
| Q4 24 | $2.7B | $158.2M | ||
| Q3 24 | $2.6B | $166.3M | ||
| Q2 24 | $2.5B | $182.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $8.0M | ||
| Q3 25 | $48.9M | $9.1M | ||
| Q2 25 | $43.8M | $7.0M | ||
| Q1 25 | $51.6M | $6.1M | ||
| Q4 24 | $144.1M | $-10.5M | ||
| Q3 24 | $43.4M | $-7.1M | ||
| Q2 24 | $39.7M | $-8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% |
| 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
| Rental revenue | $69.8M | 89% |
| Restaurant revenue | $8.4M | 11% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
