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Side-by-side financial comparison of Four Corners Property Trust, Inc. (FCPT) and Vanda Pharmaceuticals Inc. (VNDA). 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 $57.2M, roughly 1.4× Vanda Pharmaceuticals Inc.). Four Corners Property Trust, Inc. runs the higher net margin — 38.8% vs -246.8%, a 285.6% gap on every dollar of revenue. On growth, Four Corners Property Trust, Inc. posted the faster year-over-year revenue change (9.4% vs 7.6%). Over the past eight quarters, Vanda Pharmaceuticals Inc.'s revenue compounded faster (9.8% 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.
Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.
FCPT vs VNDA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $57.2M |
| Net Profit | $30.4M | $-141.2M |
| Gross Margin | — | — |
| Operating Margin | 55.3% | -70.5% |
| Net Margin | 38.8% | -246.8% |
| Revenue YoY | 9.4% | 7.6% |
| Net Profit YoY | 16.0% | -2774.3% |
| EPS (diluted) | $0.28 | $-2.40 |
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 | $57.2M | ||
| Q3 25 | $74.1M | $56.3M | ||
| Q2 25 | $72.8M | $52.6M | ||
| Q1 25 | $71.5M | $50.0M | ||
| Q4 24 | $68.3M | $53.2M | ||
| Q3 24 | $66.8M | $47.7M | ||
| Q2 24 | $66.5M | $50.5M |
| Q1 26 | $30.4M | — | ||
| Q4 25 | $29.4M | $-141.2M | ||
| Q3 25 | $28.8M | $-22.6M | ||
| Q2 25 | $27.9M | $-27.2M | ||
| Q1 25 | $26.2M | $-29.5M | ||
| Q4 24 | $26.2M | $-4.9M | ||
| Q3 24 | $25.6M | $-5.3M | ||
| Q2 24 | $24.7M | $-4.5M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | — | -70.5% | ||
| Q3 25 | — | -55.6% | ||
| Q2 25 | — | -73.2% | ||
| Q1 25 | — | -82.0% | ||
| Q4 24 | — | -19.3% | ||
| Q3 24 | — | -23.1% | ||
| Q2 24 | — | -20.1% |
| Q1 26 | 38.8% | — | ||
| Q4 25 | 38.9% | -246.8% | ||
| Q3 25 | 38.9% | -40.1% | ||
| Q2 25 | 38.3% | -51.7% | ||
| Q1 25 | 36.6% | -58.9% | ||
| Q4 24 | 38.3% | -9.2% | ||
| Q3 24 | 38.3% | -11.2% | ||
| Q2 24 | 37.1% | -9.0% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.27 | $-2.40 | ||
| Q3 25 | $0.28 | $-0.38 | ||
| Q2 25 | $0.28 | $-0.46 | ||
| Q1 25 | $0.26 | $-0.50 | ||
| Q4 24 | $0.27 | $-0.09 | ||
| Q3 24 | $0.27 | $-0.09 | ||
| Q2 24 | $0.27 | $-0.08 |
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 | $84.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $327.2M |
| Total Assets | $3.0B | $488.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.6M | — | ||
| Q4 25 | $12.1M | $84.9M | ||
| Q3 25 | $6.7M | $70.0M | ||
| Q2 25 | $6.0M | $81.0M | ||
| Q1 25 | $22.3M | $111.8M | ||
| Q4 24 | $4.1M | $102.3M | ||
| Q3 24 | $44.5M | $100.5M | ||
| Q2 24 | $17.2M | $103.0M |
| 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 | $327.2M | ||
| Q3 25 | $1.5B | $466.0M | ||
| Q2 25 | $1.5B | $486.3M | ||
| Q1 25 | $1.4B | $511.4M | ||
| Q4 24 | $1.5B | $538.5M | ||
| Q3 24 | $1.4B | $541.2M | ||
| Q2 24 | $1.3B | $542.5M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $488.9M | ||
| Q3 25 | $2.8B | $601.1M | ||
| Q2 25 | $2.8B | $624.7M | ||
| Q1 25 | $2.7B | $631.9M | ||
| Q4 24 | $2.7B | $656.2M | ||
| Q3 24 | $2.6B | $645.1M | ||
| Q2 24 | $2.5B | $651.4M |
| 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 | — | $-29.4M |
| Free Cash FlowOCF − Capex | — | $-29.5M |
| FCF MarginFCF / Revenue | — | -51.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-110.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $192.3M | $-29.4M | ||
| Q3 25 | $48.9M | $-31.6M | ||
| Q2 25 | $43.8M | $-15.3M | ||
| Q1 25 | $51.6M | $-33.1M | ||
| Q4 24 | $144.1M | $-1.8M | ||
| Q3 24 | $43.4M | $-14.6M | ||
| Q2 24 | $39.7M | $-6.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-29.5M | ||
| Q3 25 | — | $-31.8M | ||
| Q2 25 | — | $-15.6M | ||
| Q1 25 | — | $-33.6M | ||
| Q4 24 | — | $-2.0M | ||
| Q3 24 | — | $-14.7M | ||
| Q2 24 | — | $-7.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -51.6% | ||
| Q3 25 | — | -56.5% | ||
| Q2 25 | — | -29.6% | ||
| Q1 25 | — | -67.1% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | — | -30.9% | ||
| Q2 24 | — | -13.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% |
| 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% |
VNDA
| Fanapt | $33.2M | 58% |
| Hetlioz | $16.4M | 29% |
| PONVORY | $7.6M | 13% |
