Four Corners Property Trust, Inc. (FCPT) Key Metrics
FCPT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.41B
- Enterprise value
- $3.68B
- P/E (TTM)
- 20.0 10-yr median 22.7
- Forward P/E
- 20.2
- PEG ratio
- —
- Price / sales
- 7.9 10-yr median 10.6
- Price / book
- 1.5 10-yr median 2.4
- EV / EBITDA
- 15.6 10-yr median 17.8
- Dividend yield
- 6.91% $1.52 a year
- Beta
- 0.82
FCPT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFCPT valuation Price multiples at each fiscal year-end price.
FCPT returns How much profit the business earns on the capital it uses.
FCPT per-share figures Results divided by the shares outstanding at year-end.
FCPT financial health Debt, liquidity and how easily interest is covered.
FCPT efficiency & capital use Working capital cycle and where the cash goes.
FCPT valuation history
FCPT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FCPT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FCPT cash returned to shareholders
FCPT price vs earnings per share
FCPT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.37B | $2.55B | $2.25B | $2.12B | $2.26B | $2.13B | $1.93B | $1.69B | $1.56B | $1.22B |
| Enterprise value | $3.57B | $3.69B | $3.35B | $3.10B | $3.15B | $2.90B | $2.60B | $2.21B | $2.03B | $1.64B |
| P/E ratio | 21.1 | 25.4 | 23.6 | 21.7 | 26.4 | 27.6 | 26.6 | 20.5 | 21.8 | 7.8 |
| Price / sales | 8.1 | 9.5 | 9.0 | 9.5 | 11.3 | 12.5 | 12.1 | 11.7 | 11.7 | 9.9 |
| Price / book | 1.5 | 1.8 | 1.8 | 1.9 | 2.3 | 2.5 | 2.7 | 2.4 | 3.0 | 2.6 |
| Price / free cash flow | 12.3 | 17.7 | 13.6 | 14.9 | 18.5 | 23.3 | 18.5 | — | — | — |
| Price / operating cash flow | 12.3 | 17.7 | 13.6 | 14.9 | 18.5 | 23.3 | 18.5 | 20.9 | 19.8 | 17.2 |
| EV / sales | 12.1 | 13.8 | 13.4 | 13.9 | 15.8 | 17.0 | 16.3 | 15.4 | 15.2 | 13.2 |
| EV / EBITDA | 15.9 | 18.0 | 17.5 | 17.6 | 20.7 | 21.3 | 20.7 | 17.6 | 17.9 | 14.6 |
| EV / free cash flow | 18.6 | 25.6 | 20.3 | 21.8 | 25.7 | 31.7 | 24.9 | — | — | — |
| Earnings yield | 4.7% | 3.9% | 4.2% | 4.6% | 3.8% | 3.6% | 3.8% | 4.9% | 4.6% | 12.8% |
| Free cash flow yield | 8.1% | 5.6% | 7.4% | 6.7% | 5.4% | 4.3% | 5.4% | −9.8% | −1.0% | −1.0% |
| Dividend yield | 6.1% | 5.0% | 5.3% | 5.1% | 4.3% | 4.0% | 4.1% | 4.1% | 3.8% | 9.9% |
| Shareholder yield (dividends + buybacks) | 6.1% | 5.0% | 5.4% | 5.1% | 4.3% | 4.0% | 4.2% | 4.1% | 3.8% | 9.9% |
| Share price at fiscal year-end | $23.06 | $27.14 | $25.30 | $25.93 | $29.41 | $29.77 | $28.19 | $26.20 | $25.70 | $20.52 |
| Per share | ||||||||||
| Revenue per share | $2.86 | $2.85 | $2.82 | $2.73 | $2.59 | $2.39 | $2.33 | $2.23 | $2.19 | $2.08 |
| Earnings per share | $1.09 | $1.07 | $1.07 | $1.20 | $1.11 | $1.08 | $1.06 | $1.28 | $1.18 | $2.63 |
| Operating cash flow per share | $1.87 | $1.53 | $1.86 | $1.74 | $1.59 | $1.28 | $1.53 | $1.26 | $1.30 | $1.19 |
| Free cash flow per share | $1.87 | $1.53 | $1.86 | $1.74 | $1.59 | $1.28 | $1.53 | −$2.58 | −$0.27 | −$0.21 |
| Cash per share | $0.12 | $0.04 | $0.18 | $0.32 | $0.08 | $0.15 | $0.07 | $1.43 | $1.06 | $0.45 |
| Book value per share | $15.81 | $15.40 | $14.17 | $13.89 | $12.54 | $11.79 | $10.59 | $10.86 | $8.60 | $7.89 |
| Tangible book value per share | $14.55 | $14.09 | $12.84 | $12.59 | $11.19 | $10.45 | $9.75 | $10.56 | $8.54 | $7.86 |
| Dividends per share | $1.40 | $1.36 | $1.35 | $1.31 | $1.26 | $1.21 | $1.14 | $1.08 | $0.97 | $2.04 |
| Capex per share | $0.00 | $0.00 | $0.00 | $3.62 | $3.49 | $3.22 | $3.02 | $3.84 | $1.57 | $1.40 |
| Debt per share | $11.76 | $12.15 | $12.60 | $12.23 | $11.62 | $10.93 | $9.83 | $9.59 | $8.79 | $7.41 |
| Shares outstanding | 102.9M | 94.1M | 88.7M | 81.8M | 76.8M | 71.6M | 68.6M | 64.4M | 60.7M | 59.6M |
| Change in shares outstanding | +9.4% | +6.0% | +8.5% | +6.5% | +7.3% | +4.3% | +6.6% | +6.1% | +1.9% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.3% | 7.4% | 8.0% | 9.3% | 9.5% | 9.8% | 10.2% | 13.5% | 14.4% | 34.4% |
| Return on invested capital (ROIC) | 6.0% | 6.0% | 6.1% | 6.3% | 6.8% | 7.1% | 7.5% | 7.8% | 6.5% | 7.4% |
| Return on assets (ROA) | 4.0% | 3.9% | 4.1% | 4.8% | 4.8% | 5.0% | 5.2% | 6.8% | 7.1% | 16.8% |
| Return on tangible assets | 4.0% | 4.0% | 4.1% | 4.7% | 4.8% | 4.9% | 5.2% | 6.2% | 6.7% | 16.8% |
| Free cash flow margin | 65.4% | 53.8% | 65.9% | 63.6% | 61.4% | 53.5% | 65.3% | −115.7% | −12.1% | −9.9% |
| Income quality (OCF / net income) | 1.71 | 1.43 | 1.73 | 1.45 | 1.43 | 1.18 | 1.44 | 0.98 | 1.11 | 0.45 |
| Financial health | ||||||||||
| Total debt | $1.21B | $1.14B | $1.12B | $1.00B | $892.6M | $782.6M | $674.9M | $617.5M | $533.5M | $441.5M |
| Cash & short-term investments | $12.1M | $4.1M | $16.3M | $26.3M | $6.3M | $11.1M | $5.1M | $92.0M | $64.5M | $26.6M |
| Net debt | $1.20B | $1.14B | $1.10B | $974.3M | $886.3M | $771.5M | $669.9M | $525.5M | $469.0M | $414.9M |
| Debt / equity | 0.74 | 0.79 | 0.89 | 0.88 | 0.93 | 0.93 | 0.93 | 0.88 | 1.02 | 0.94 |
| Debt / assets | 0.41 | 0.43 | 0.46 | 0.46 | 0.47 | 0.47 | 0.47 | 0.46 | 0.50 | 0.47 |
| Net debt / EBITDA | 5.34 | 5.57 | 5.77 | 5.54 | 5.82 | 5.65 | 5.32 | 4.19 | 4.15 | 3.71 |
| Current ratio | 0.30 | 0.20 | 0.61 | 0.85 | 0.30 | 0.51 | 0.31 | 3.99 | 2.57 | 1.84 |
| Quick ratio | 0.29 | 0.19 | 0.61 | 0.69 | 0.29 | 0.43 | 0.30 | 3.99 | 2.57 | 1.82 |
| Interest coverage | 3.2 | 3.0 | 3.1 | 3.5 | 3.6 | 3.7 | 3.7 | 4.4 | 3.1 | 4.0 |
| Working capital | −$49.2M | −$42.8M | −$19.2M | −$7.0M | −$28.6M | −$18.8M | −$23.8M | $72.6M | $44.0M | $12.1M |
| Invested capital | $2.83B | $2.59B | $2.36B | $2.11B | $1.85B | $1.62B | $1.40B | $1.22B | $991.3M | $885.0M |
| Tangible asset value | $1.50B | $1.33B | $1.14B | $1.03B | $859.6M | $748.2M | $668.8M | $680.0M | $518.4M | $468.3M |
| Net current asset value | −$1.27B | −$1.19B | −$1.16B | −$1.02B | −$926.8M | −$804.3M | −$708.6M | −$547.3M | −$474.4M | −$440.4M |
| Graham number | $19.70 | $19.24 | $18.51 | $19.32 | $17.73 | $16.93 | $15.88 | $17.68 | $15.09 | $21.62 |
| Graham net-net per share | −$12.38 | −$12.71 | −$13.22 | −$12.57 | −$12.13 | −$11.32 | −$10.40 | −$8.56 | −$7.93 | −$7.39 |
| Capital allocation | ||||||||||
| Dividends paid | $144.0M | $128.1M | $119.7M | $107.5M | $96.9M | $86.3M | $78.5M | $69.5M | $58.7M | $121.6M |
| Share buybacks (net) | — | — | $2.3M | $0 | $0 | $0 | $2.7M | $393,000 | $0 | $0 |
| Dividend payout ratio | 128.1% | 127.5% | 125.6% | 110.0% | 113.2% | 111.6% | 108.1% | 84.3% | 82.2% | 77.5% |
| Dividends + buybacks / free cash flow | 74.9% | 88.9% | 73.9% | 75.7% | 79.2% | 94.4% | 77.6% | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 132.7% | 134.6% | 134.9% | 129.4% | 172.0% | 71.4% | 67.1% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 208.6% | 219.2% | 252.1% | 198.1% | 305.4% | 120.5% | 117.4% |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 7.14 | 7.71 | 7.83 | 7.88 | 11.04 | 4.36 | 4.05 |
| Stock-based compensation / revenue | 3.0% | 2.6% | 2.5% | 2.2% | 2.0% | 2.0% | 2.2% | 2.8% | 2.0% | 1.2% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 9.1% | 8.9% | 9.1% | 9.0% | 8.9% | 8.8% | 8.7% | 9.5% | 9.2% | 8.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 5.8 | 4.4 | 4.1 | 3.2 | 2.1 | 1.5 | 1.3 | 1.5 | 0.7 | 0.3 |
| Days of inventory on hand | 6.3 | 2.1 | 36.4 | 41.0 | 19.7 | 29.3 | 3.3 | 3.5 | 3.8 | 4.1 |
| Days payables outstanding | 22.6 | 9.9 | 9.2 | 6.7 | 5.7 | 10.9 | 15.4 | 19.6 | 17.4 | 16.8 |
| Cash conversion cycle (days) | -10.6 | -3.4 | 31.3 | 37.6 | 16.2 | 19.8 | -10.8 | -14.6 | -12.9 | -12.4 |
| Receivables turnover | 63.39 | 82.97 | 88.77 | 112.36 | 169.90 | 241.62 | 275.79 | 246.58 | 488.84 | 1,069.12 |
| Payables turnover | 16.12 | 37.01 | 39.68 | 54.42 | 63.94 | 33.34 | 23.77 | 18.63 | 20.95 | 21.67 |
| Inventory turnover | 58.07 | 176.90 | 10.02 | 8.90 | 18.51 | 12.47 | 111.93 | 103.06 | 96.14 | 89.27 |
| Asset turnover | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.12 | 0.13 | 0.13 |
| Average receivables | $4.6M | $3.2M | $2.8M | $2.0M | $1.2M | $707,500 | $581,000 | $582,500 | $272,500 | $116,000 |
| Average payables | $841,000 | $1.1M | $1.0M | $658,000 | $463,000 | $587,500 | $892,500 | $1.0M | $890,500 | $824,000 |
| Average inventory | $233,500 | $229,500 | $4.0M | $4.0M | $1.6M | $1.6M | $189,500 | $184,500 | $194,000 | $200,000 |
| Intangibles / total assets | 4.4% | 4.7% | 4.8% | 4.8% | 5.5% | 5.8% | 4.0% | 1.4% | 0.4% | 0.2% |
Computed from FCPT's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FCPT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Four Corners Property traded at 21.1 times earnings, against a 10-year median of 22.7. Based on the latest twelve months, the trailing P/E is 20.0 and the forward P/E is 20.2. Four Corners Property earned a return on equity of 7.3% and a return on invested capital of 6.0% in fiscal 2025. It ended the year with $1.2 billion of debt and $12.1 million in cash and short-term investments, net debt of $1.2 billion. It returned $144.0 million to shareholders: $144.0 million in dividends and $0 in share buybacks, 75% of free cash flow. The share count rose 72.8% from 59.6M to 102.9M over 9 years.
See the FCPT income statement, the FCPT chart for price history, or the FCPT stock overview for the latest quote and news.
FCPT key metrics FAQ
What is Four Corners Property's P/E ratio?
Four Corners Property's trailing P/E ratio is 20.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 20.2. At the end of fiscal 2025 it was 21.1, compared with a 10-year median of 22.7.
What is Four Corners Property's EV/EBITDA?
Four Corners Property's enterprise value was 15.9 times EBITDA at the end of fiscal 2025 (enterprise value $3.6 billion, EBITDA $224.3 million); the current EV/EBITDA is 15.6.
What is Four Corners Property's return on equity?
Four Corners Property's return on equity (ROE) was 7.3% in fiscal 2025: net income of $112.4 million on average shareholders' equity of $1.5 billion.
What is Four Corners Property's ROIC?
Four Corners Property's return on invested capital was 6.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Four Corners Property have?
Four Corners Property had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.74 and $1.2 billion of net debt (5.34 times EBITDA).
What is Four Corners Property's dividend yield?
Four Corners Property's forward dividend yield is 6.91%. Four Corners Property paid $144.0 million in dividends in fiscal 2025 ($1.40 per share), a payout ratio of 128.1%.
What is Four Corners Property's free cash flow yield?
Four Corners Property generated $192.3 million of free cash flow in fiscal 2025, a free cash flow yield of 8.1% on its market value at year-end ($2.4 billion).
What is Four Corners Property's current ratio?
Four Corners Property's current ratio was 0.30 at the end of fiscal 2025: current assets were 0.30 times current liabilities.