Four Corners Property Trust, Inc. (FCPT) Income Statement
FCPT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFCPT revenue and net income
Where FCPT's revenue goes
2025Each bar shows an amount and its share of revenue. FCPT kept 38.2% of revenue as net income.
FCPT profit margins
FCPT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.7% | +9.6% | +11.5% | +24.3% |
| Gross profit | +23.3% | +14.4% | +13.1% | +32.8% |
| Operating income | +9.8% | +9.2% | +8.9% | +31.2% |
| Net income | +11.8% | +4.7% | +7.8% | +34.7% |
| EPS (diluted) | +2.8% | −2.9% | +0.6% | +2.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FCPT quarterly EPS vs estimates
Four Corners Property beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.45).
FCPT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $294.1M | $268.1M | $250.6M | $223.2M | $199.4M | $170.9M | $160.2M | $143.6M | $133.2M | $124.0M |
| Cost of revenue | $13.6M | $40.6M | $40.3M | $35.8M | $29.6M | $19.6M | $21.2M | $19.0M | $18.7M | $17.9M |
| Gross profit | $280.6M | $227.5M | $210.3M | $187.4M | $169.8M | $151.4M | $139.0M | $124.6M | $114.6M | $106.2M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $1 |
| Sales, general & admin | $26.8M | $23.8M | $22.7M | $20.0M | $17.6M | $15.0M | $13.9M | $13.6M | $12.3M | $11.0M |
| Total operating expenses | $116.7M | $78.3M | $73.4M | $61.5M | $52.5M | $44.5M | $40.2M | $37.5M | $34.1M | $31.6M |
| Operating income | $163.9M | $149.2M | $136.9M | $125.9M | $117.3M | $106.9M | $98.8M | $87.1M | $61.0M | $59.8M |
| Interest income | — | — | — | — | — | — | $26.5M | — | — | — |
| Interest expense | $51.9M | $49.2M | $44.6M | $36.4M | $32.6M | $29.2M | $26.5M | $20.0M | $19.5M | $14.8M |
| Income before taxes | $112.8M | $100.9M | $95.6M | $98.1M | $85.2M | $77.8M | $73.2M | $83.2M | $71.9M | $76.5M |
| Income taxes | $303,000 | $308,000 | $130,000 | $237,000 | −$534,000 | $247,000 | $265,000 | $262,000 | −$18,000 | −$80.3M |
| Net income | $112.4M | $100.5M | $95.3M | $97.8M | $85.6M | $77.3M | $72.6M | $82.4M | $71.4M | $156.8M |
| EBITDA | $224.3M | $204.6M | $190.9M | $176.0M | $152.2M | $136.5M | $126.0M | $125.5M | $113.2M | $111.9M |
| EPS (diluted) | $1.10 | $1.07 | $1.08 | $1.20 | $1.11 | $1.07 | $1.06 | $1.28 | $1.12 | $2.34 |
| Gross margin | 95.4% | 84.9% | 83.9% | 84.0% | 85.2% | 88.5% | 86.8% | 86.8% | 86.0% | 85.6% |
| Operating margin | 55.7% | 55.6% | 54.6% | 56.4% | 58.9% | 62.5% | 61.6% | 60.6% | 45.8% | 48.2% |
| Net margin | 38.2% | 37.5% | 38.0% | 43.8% | 42.9% | 45.2% | 45.3% | 57.4% | 53.6% | 126.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $78.4M | $78.2M | $75.7M | $74.1M | $72.8M | $71.5M | $68.3M | $66.8M | $66.5M | $66.5M | $65.1M | $64.8M |
| Cost of revenue | $11.6M | $3.4M | $3.2M | $3.7M | −$4.2M | $10.8M | $10.1M | $9.6M | $10.2M | $10.6M | $9.8M | $2.9M |
| Gross profit | $66.9M | $74.8M | $72.4M | $70.5M | $77.0M | $60.7M | $58.2M | $57.1M | $56.3M | $55.8M | $55.3M | $61.9M |
| Sales, general & admin | $7.2M | $7.5M | $6.2M | $6.5M | $6.4M | $7.6M | $5.7M | $5.8M | $6.0M | $6.2M | $5.5M | $5.5M |
| Total operating expenses | $23.8M | $31.5M | $29.9M | $28.8M | $36.0M | $22.1M | $19.8M | $19.5M | $19.3M | $19.7M | $5.5M | $26.1M |
| Operating income | $43.1M | $43.2M | $42.6M | $41.7M | $41.0M | $38.6M | $38.4M | $37.7M | $37.0M | $36.1M | $49.8M | $35.8M |
| Interest expense | $12.8M | $13.1M | $38.5M | $64.6M | $13.1M | $12.7M | $12.3M | $12.3M | $12.3M | $12.3M | $12.4M | $12.3M |
| Income before taxes | $30.1M | $30.2M | $29.6M | $29.2M | $28.1M | $26.2M | $26.3M | $25.7M | $24.8M | $24.1M | $24.5M | $24.1M |
| Income taxes | $67,000 | −$98,000 | $98,000 | $379,999 | $112,000 | $63,000 | $105,000 | $90,000 | $86,000 | $27,000 | $80,000 | −$89,000 |
| Net income | $30.0M | $30.3M | $29.4M | $28.8M | $27.9M | $26.2M | $26.2M | $25.6M | $24.7M | $24.0M | $24.4M | $24.2M |
| EBITDA | $59.3M | $59.8M | $6.3M | $108.8M | $55.8M | $53.4M | $52.7M | $51.6M | $50.5M | $49.8M | $49.8M | $49.8M |
| EPS (diluted) | $0.45 | $0.28 | $0.28 | $0.28 | $0.28 | $0.26 | $0.27 | $0.27 | $0.27 | $0.26 | $0.27 | $0.27 |
| Gross margin | 85.3% | 95.7% | 95.7% | 95.0% | 105.7% | 84.9% | 85.2% | 85.6% | 84.7% | 84.0% | 85.0% | 95.5% |
| Operating margin | 54.9% | 55.3% | 56.3% | 56.2% | 56.3% | 54.0% | 56.2% | 56.4% | 55.6% | 54.4% | 76.5% | 55.2% |
| Net margin | 38.2% | 38.8% | 38.9% | 38.9% | 38.3% | 36.6% | 38.3% | 38.3% | 37.1% | 36.2% | 37.5% | 37.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FCPT's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FCPT financial results
In fiscal year 2025 (ended December 31, 2025), Four Corners Property reported revenue of $294.1 million, up 9.7% from the year before. It had net income of $112.4 million (up 11.8%), a net profit margin of 38.2%. Diluted earnings per share came to $1.10. Over five years revenue grew at an average rate of 11.5% a year.
See the FCPT stock overview for the latest quote and news, or the FCPT chart for price history and technical indicators.
FCPT income statement FAQ
What is Four Corners Property's annual revenue?
Four Corners Property reported total revenue of $294.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 9.7% from $268.1 million the previous year.
Is Four Corners Property profitable?
Yes. Four Corners Property reported net income of $112.4 million in fiscal 2025, a net profit margin of 38.2%; its operating margin was 55.7%.
What is Four Corners Property's gross margin?
Four Corners Property's gross margin was 95.4% in fiscal 2025: for every $100 of revenue, Four Corners Property kept $95 after the direct cost of its products and services.
How fast is Four Corners Property growing?
Revenue grew 11.5% a year on average over the last five fiscal years, from $170.9 million to $294.1 million.
What are Four Corners Property's earnings per share?
Four Corners Property earned $1.10 per diluted share in fiscal 2025, compared with $1.07 a year earlier.
When will Four Corners Property report its next earnings?
Four Corners Property is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Four Corners Property's fiscal year end?
Four Corners Property's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.