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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
Twin Hospitality Group Inc. is the larger business by last-quarter revenue ($82.3M vs $78.2M, roughly 1.1× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -29.7%, a 68.6% gap on every dollar of revenue.
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
FCPT vs TWNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $82.3M |
| Net Profit | $30.4M | $-24.5M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | -16.2% |
| Net Margin | 38.8% | -29.7% |
| Revenue YoY | 9.4% | — |
| Net Profit YoY | 16.0% | — |
| EPS (diluted) | $0.28 | $-0.43 |
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 | — | ||
| Q3 25 | $74.1M | $82.3M | ||
| Q2 25 | $72.8M | $87.8M | ||
| Q1 25 | $71.5M | $87.1M | ||
| Q4 24 | $68.3M | — | ||
| Q3 24 | $66.8M | — | ||
| Q2 24 | $66.5M | — |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | — | ||
| Q3 25 | $28.8M | $-24.5M | ||
| Q2 25 | $27.9M | $-20.8M | ||
| Q1 25 | $26.2M | $-12.1M | ||
| Q4 24 | $26.2M | — | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $24.7M | — |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -16.2% | ||
| Q2 25 | — | -13.2% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | — | ||
| Q3 25 | 38.9% | -29.7% | ||
| Q2 25 | 38.3% | -23.7% | ||
| Q1 25 | 36.6% | -13.9% | ||
| Q4 24 | 38.3% | — | ||
| Q3 24 | 38.3% | — | ||
| Q2 24 | 37.1% | — |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.28 | $-0.43 | ||
| Q2 25 | $0.28 | $-0.38 | ||
| Q1 25 | $0.26 | $-0.26 | ||
| Q4 24 | $0.27 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.6M | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | $1.7B | $-92.1M |
| Total Assets | $3.0B | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | — | ||
| Q3 25 | $6.7M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $22.3M | — | ||
| Q4 24 | $4.1M | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $17.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $402.8M | ||
| Q2 25 | $1.2B | $411.3M | ||
| Q1 25 | $1.2B | $413.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $-92.1M | ||
| Q2 25 | $1.5B | $-78.6M | ||
| Q1 25 | $1.4B | $-101.9M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.8B | $516.8M | ||
| Q2 25 | $2.8B | $535.1M | ||
| Q1 25 | $2.7B | $544.2M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — |
| 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 | — | $-5.9M |
| Free Cash FlowOCF − Capex | — | $-7.4M |
| FCF MarginFCF / Revenue | — | -9.0% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | — | ||
| Q3 25 | $48.9M | $-5.9M | ||
| Q2 25 | $43.8M | $-8.8M | ||
| Q1 25 | $51.6M | $-5.7M | ||
| Q4 24 | $144.1M | — | ||
| Q3 24 | $43.4M | — | ||
| Q2 24 | $39.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | — | $-10.6M | ||
| Q1 25 | — | $-9.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -12.1% | ||
| Q1 25 | — | -11.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 4.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| 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% |
TWNP
Segment breakdown not available.
