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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Upland Software, Inc. (UPLD). 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 $49.3M, roughly 1.6× Upland Software, Inc.). On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs -27.5%). Over the past eight quarters, Four Corners Property Trust, Inc.'s revenue compounded faster (8.4% CAGR vs -16.5%).

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.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

FCPT vs UPLD — Head-to-Head

Bigger by revenue
FCPT
FCPT
1.6× larger
FCPT
$78.2M
$49.3M
UPLD
Growing faster (revenue YoY)
FCPT
FCPT
+36.9% gap
FCPT
9.4%
-27.5%
UPLD
Faster 2-yr revenue CAGR
FCPT
FCPT
Annualised
FCPT
8.4%
-16.5%
UPLD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCPT
FCPT
UPLD
UPLD
Revenue
$78.2M
$49.3M
Net Profit
$30.4M
Gross Margin
76.5%
Operating Margin
55.3%
14.5%
Net Margin
38.8%
Revenue YoY
9.4%
-27.5%
Net Profit YoY
16.0%
EPS (diluted)
$0.28
$0.01

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
UPLD
UPLD
Q1 26
$78.2M
Q4 25
$75.7M
$49.3M
Q3 25
$74.1M
$50.5M
Q2 25
$72.8M
$53.4M
Q1 25
$71.5M
$63.7M
Q4 24
$68.3M
$68.0M
Q3 24
$66.8M
$66.7M
Q2 24
$66.5M
$69.3M
Net Profit
FCPT
FCPT
UPLD
UPLD
Q1 26
$30.4M
Q4 25
$29.4M
Q3 25
$28.8M
$-1.1M
Q2 25
$27.9M
$-13.0M
Q1 25
$26.2M
$-25.8M
Q4 24
$26.2M
Q3 24
$25.6M
$-1.7M
Q2 24
$24.7M
$-11.4M
Gross Margin
FCPT
FCPT
UPLD
UPLD
Q1 26
Q4 25
76.5%
Q3 25
76.9%
Q2 25
74.8%
Q1 25
71.6%
Q4 24
70.8%
Q3 24
70.5%
Q2 24
70.5%
Operating Margin
FCPT
FCPT
UPLD
UPLD
Q1 26
55.3%
Q4 25
14.5%
Q3 25
10.6%
Q2 25
-13.2%
Q1 25
-1.7%
Q4 24
-2.9%
Q3 24
-5.0%
Q2 24
-7.7%
Net Margin
FCPT
FCPT
UPLD
UPLD
Q1 26
38.8%
Q4 25
38.9%
Q3 25
38.9%
-2.2%
Q2 25
38.3%
-24.4%
Q1 25
36.6%
-40.6%
Q4 24
38.3%
Q3 24
38.3%
-2.6%
Q2 24
37.1%
-16.5%
EPS (diluted)
FCPT
FCPT
UPLD
UPLD
Q1 26
$0.28
Q4 25
$0.27
$0.01
Q3 25
$0.28
$-0.09
Q2 25
$0.28
$-0.51
Q1 25
$0.26
$-0.97
Q4 24
$0.27
$-0.30
Q3 24
$0.27
$-0.12
Q2 24
$0.27
$-0.47

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$29.6M
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$1.7B
$-48.4M
Total Assets
$3.0B
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
UPLD
UPLD
Q1 26
$29.6M
Q4 25
$12.1M
$29.4M
Q3 25
$6.7M
$22.8M
Q2 25
$6.0M
$41.0M
Q1 25
$22.3M
$33.7M
Q4 24
$4.1M
$56.4M
Q3 24
$44.5M
$59.7M
Q2 24
$17.2M
$232.4M
Total Debt
FCPT
FCPT
UPLD
UPLD
Q1 26
Q4 25
$1.2B
$232.4M
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
$290.2M
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
FCPT
FCPT
UPLD
UPLD
Q1 26
$1.7B
Q4 25
$1.6B
$-48.4M
Q3 25
$1.5B
$-47.3M
Q2 25
$1.5B
$-42.4M
Q1 25
$1.4B
$-37.8M
Q4 24
$1.5B
$-18.3M
Q3 24
$1.4B
$907.0K
Q2 24
$1.3B
$6.5M
Total Assets
FCPT
FCPT
UPLD
UPLD
Q1 26
$3.0B
Q4 25
$2.9B
$413.2M
Q3 25
$2.8B
$409.1M
Q2 25
$2.8B
$441.7M
Q1 25
$2.7B
$457.0M
Q4 24
$2.7B
$529.5M
Q3 24
$2.6B
$554.9M
Q2 24
$2.5B
$739.9M
Debt / Equity
FCPT
FCPT
UPLD
UPLD
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
UPLD
UPLD
Operating Cash FlowLast quarter
$7.3M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
UPLD
UPLD
Q1 26
Q4 25
$192.3M
$7.3M
Q3 25
$48.9M
$6.9M
Q2 25
$43.8M
$3.3M
Q1 25
$51.6M
$8.3M
Q4 24
$144.1M
$9.3M
Q3 24
$43.4M
$4.3M
Q2 24
$39.7M
$5.5M
Free Cash Flow
FCPT
FCPT
UPLD
UPLD
Q1 26
Q4 25
$7.2M
Q3 25
$6.7M
Q2 25
$2.7M
Q1 25
$7.9M
Q4 24
$9.0M
Q3 24
$4.2M
Q2 24
$5.2M
FCF Margin
FCPT
FCPT
UPLD
UPLD
Q1 26
Q4 25
14.7%
Q3 25
13.2%
Q2 25
5.0%
Q1 25
12.4%
Q4 24
13.3%
Q3 24
6.3%
Q2 24
7.5%
Capex Intensity
FCPT
FCPT
UPLD
UPLD
Q1 26
Q4 25
0.2%
Q3 25
0.4%
Q2 25
1.2%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
0.2%
Q2 24
0.4%
Cash Conversion
FCPT
FCPT
UPLD
UPLD
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%

UPLD
UPLD

Segment breakdown not available.

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