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

VERACYTE, INC. is the larger business by last-quarter revenue ($140.6M vs $78.2M, roughly 1.8× Four Corners Property Trust, Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs 29.3%, a 9.6% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (18.5% vs 9.4%). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (20.5% 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.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

FCPT vs VCYT — Head-to-Head

Bigger by revenue
VCYT
VCYT
1.8× larger
VCYT
$140.6M
$78.2M
FCPT
Growing faster (revenue YoY)
VCYT
VCYT
+9.2% gap
VCYT
18.5%
9.4%
FCPT
Higher net margin
FCPT
FCPT
9.6% more per $
FCPT
38.8%
29.3%
VCYT
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
20.5%
8.4%
FCPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FCPT
FCPT
VCYT
VCYT
Revenue
$78.2M
$140.6M
Net Profit
$30.4M
$41.1M
Gross Margin
72.5%
Operating Margin
55.3%
26.4%
Net Margin
38.8%
29.3%
Revenue YoY
9.4%
18.5%
Net Profit YoY
16.0%
704.8%
EPS (diluted)
$0.28
$0.50

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
VCYT
VCYT
Q1 26
$78.2M
Q4 25
$75.7M
$140.6M
Q3 25
$74.1M
$131.9M
Q2 25
$72.8M
$130.2M
Q1 25
$71.5M
$114.5M
Q4 24
$68.3M
$118.6M
Q3 24
$66.8M
$115.9M
Q2 24
$66.5M
$114.4M
Net Profit
FCPT
FCPT
VCYT
VCYT
Q1 26
$30.4M
Q4 25
$29.4M
$41.1M
Q3 25
$28.8M
$19.1M
Q2 25
$27.9M
$-980.0K
Q1 25
$26.2M
$7.0M
Q4 24
$26.2M
$5.1M
Q3 24
$25.6M
$15.2M
Q2 24
$24.7M
$5.7M
Gross Margin
FCPT
FCPT
VCYT
VCYT
Q1 26
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Operating Margin
FCPT
FCPT
VCYT
VCYT
Q1 26
55.3%
Q4 25
26.4%
Q3 25
17.4%
Q2 25
-4.0%
Q1 25
2.5%
Q4 24
3.5%
Q3 24
10.4%
Q2 24
4.0%
Net Margin
FCPT
FCPT
VCYT
VCYT
Q1 26
38.8%
Q4 25
38.9%
29.3%
Q3 25
38.9%
14.5%
Q2 25
38.3%
-0.8%
Q1 25
36.6%
6.2%
Q4 24
38.3%
4.3%
Q3 24
38.3%
13.1%
Q2 24
37.1%
5.0%
EPS (diluted)
FCPT
FCPT
VCYT
VCYT
Q1 26
$0.28
Q4 25
$0.27
$0.50
Q3 25
$0.28
$0.24
Q2 25
$0.28
$-0.01
Q1 25
$0.26
$0.09
Q4 24
$0.27
$0.07
Q3 24
$0.27
$0.19
Q2 24
$0.27
$0.07

Balance Sheet & Financial Strength

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

Metric
FCPT
FCPT
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$29.6M
$362.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$1.3B
Total Assets
$3.0B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCPT
FCPT
VCYT
VCYT
Q1 26
$29.6M
Q4 25
$12.1M
$362.6M
Q3 25
$6.7M
$315.6M
Q2 25
$6.0M
$219.5M
Q1 25
$22.3M
$186.1M
Q4 24
$4.1M
$239.1M
Q3 24
$44.5M
$274.1M
Q2 24
$17.2M
$235.9M
Total Debt
FCPT
FCPT
VCYT
VCYT
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
VCYT
VCYT
Q1 26
$1.7B
Q4 25
$1.6B
$1.3B
Q3 25
$1.5B
$1.3B
Q2 25
$1.5B
$1.2B
Q1 25
$1.4B
$1.2B
Q4 24
$1.5B
$1.2B
Q3 24
$1.4B
$1.2B
Q2 24
$1.3B
$1.1B
Total Assets
FCPT
FCPT
VCYT
VCYT
Q1 26
$3.0B
Q4 25
$2.9B
$1.4B
Q3 25
$2.8B
$1.4B
Q2 25
$2.8B
$1.3B
Q1 25
$2.7B
$1.3B
Q4 24
$2.7B
$1.3B
Q3 24
$2.6B
$1.3B
Q2 24
$2.5B
$1.2B
Debt / Equity
FCPT
FCPT
VCYT
VCYT
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
VCYT
VCYT
Operating Cash FlowLast quarter
$52.6M
Free Cash FlowOCF − Capex
$48.8M
FCF MarginFCF / Revenue
34.7%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
1.28×
TTM Free Cash FlowTrailing 4 quarters
$126.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCPT
FCPT
VCYT
VCYT
Q1 26
Q4 25
$192.3M
$52.6M
Q3 25
$48.9M
$44.8M
Q2 25
$43.8M
$33.6M
Q1 25
$51.6M
$5.4M
Q4 24
$144.1M
$24.5M
Q3 24
$43.4M
$30.0M
Q2 24
$39.7M
$29.6M
Free Cash Flow
FCPT
FCPT
VCYT
VCYT
Q1 26
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$20.4M
Q3 24
$27.7M
Q2 24
$26.8M
FCF Margin
FCPT
FCPT
VCYT
VCYT
Q1 26
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
17.2%
Q3 24
23.9%
Q2 24
23.4%
Capex Intensity
FCPT
FCPT
VCYT
VCYT
Q1 26
Q4 25
2.7%
Q3 25
2.1%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
3.5%
Q3 24
1.9%
Q2 24
2.4%
Cash Conversion
FCPT
FCPT
VCYT
VCYT
Q1 26
Q4 25
6.53×
1.28×
Q3 25
1.70×
2.34×
Q2 25
1.57×
Q1 25
1.97×
0.76×
Q4 24
5.51×
4.80×
Q3 24
1.70×
1.98×
Q2 24
1.61×
5.16×

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%

VCYT
VCYT

Testing$135.8M97%
Products$3.8M3%
Biopharmaceutical And Other$686.0K0%

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