A Business at a Glance
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Four Corners Property Trust, Inc.
FCPT
$2.7B
Mkt Cap
$26.07
+0.85%
Four Corners Property Trust, Inc. (FCPT) has a current P/E ratio of 23.9, compared to its historical median P/E of 19.6. The stock is currently considered Fair based on its historical valuation range.
Four Corners Property Trust, Inc. (FCPT) has a 5-year average return on invested capital (ROIC) of 7.4%. This is below average and may indicate limited pricing power.
Four Corners Property Trust, Inc. (FCPT) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
Yes, Four Corners Property Trust, Inc. (FCPT) pays a dividend with a trailing twelve-month yield of 5.18%.
Based on historical P/E analysis, Four Corners Property Trust, Inc. (FCPT) appears fair. The current P/E of 23.9 is 22% above its historical median of 19.6. The estimated fair value CAGR (P/E method) is -0.9%.
Four Corners Property Trust, Inc. (FCPT) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
PART I Forward-Looking Statements Statements contained in this Annual Report on Form 10-K, including the documents that are incorporated by reference, that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Also, when Four Corners Property Trust, Inc. uses any of the words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “intend,” or similar expressions, Four Corners Property Trust, Inc. is making forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are based upon present expectations and reasonable assumptions, actual results could differ materially from those set forth in the forward-looking statements.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 301M | 294M | 268M | 251M | 223M | 199M |
| Net Income | 117M | 112M | 100M | 95M | 98M | 86M |
| EPS | $1.10 | $1.09 | $1.07 | $1.07 | $1.20 | $1.11 |
| Free Cash Flow | -107M | -133M | -129M | -176M | -154M | -146M |
| ROIC | 0.0% | 6.1% | 6.1% | 7.8% | 8.5% | 8.4% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.72 | 0.74 | 0.78 | 0.88 | 0.87 | 0.91 |
| Dividends/Share | $1.35 | $1.43 | $1.39 | $1.37 | $1.34 | $1.29 |
| Operating Income | 0 | 165M | 150M | 140M | 134M | 118M |
| Operating Margin | 0.0% | 55.9% | 56.0% | 55.9% | 60.2% | 59.0% |
| ROE | 7.0% | 7.3% | 7.4% | 8.0% | 9.3% | 9.5% |
| Shares Outstanding | 110M | 103M | 94M | 89M | 81M | 77M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 18M | 33M | 124M | 133M | 144M | 160M | 171M | 199M | 223M | 251M | 268M | 294M | 301M |
| Gross Margin | 4.3% | 38.0% | 66.8% | 67.3% | 70.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 0 | 1.9M | 11M | 12M | 13M | 14M | 15M | 18M | 20M | 23M | 24M | 27M | 27M |
| EBIT | -110K | 11M | 91M | 91M | 103M | 99M | 107M | 118M | 134M | 140M | 150M | 165M | 0 |
| Op. Margin | -0.6% | 32.4% | 73.6% | 68.2% | 71.4% | 62.0% | 62.5% | 59.0% | 60.2% | 55.9% | 56.0% | 55.9% | 0.0% |
| Net Income | 32K | 5.7M | 157M | 71M | 82M | 73M | 77M | 86M | 98M | 95M | 100M | 112M | 117M |
| Net Margin | 0.2% | 17.0% | 126.4% | 53.6% | 57.4% | 45.3% | 45.2% | 42.9% | 43.8% | 38.0% | 37.5% | 38.2% | 38.7% |
| Non-Recurring | -15K | -25K | 17M | 11M | 0 | 0 | 0 | 431K | 8.1M | 2.3M | 0 | 827K | 827K |
| Returns on Capital | |||||||||||||
| ROIC | -1.0% | 1.9% | 11.2% | 9.8% | 9.0% | 9.4% | 7.1% | 8.4% | 8.5% | 7.8% | 6.1% | 6.1% | 0.0% |
| ROE | 0.4% | 2.5% | 34.4% | 14.4% | 11.8% | 10.2% | 9.8% | 9.5% | 9.3% | 8.0% | 7.4% | 7.3% | 7.0% |
| ROA | 0.3% | 1.2% | 16.8% | 7.1% | 6.1% | 5.2% | 5.0% | 4.8% | 4.8% | 4.1% | 3.9% | 4.0% | 3.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 961K | 22M | 71M | 79M | 81M | 105M | 91M | 122M | 142M | 165M | 144M | 192M | 188M |
| Free Cash Flow | 906K | 21M | -12M | -16M | -187M | -100M | -139M | -146M | -154M | -176M | -129M | -133M | -107M |
| Owner Earnings | -19K | 18M | 49M | 54M | 53M | 75M | 59M | 84M | 96M | 108M | 83M | 124M | 118M |
| CapEx | 55K | 556K | 83M | 95M | 268M | 205M | 231M | 268M | 296M | 341M | 273M | 326M | 294M |
| Maint. CapEx | 863K | 3.8M | 21M | 22M | 24M | 26M | 29M | 35M | 41M | 51M | 55M | 60M | 61M |
| Growth CapEx | 0 | 0 | 63M | 73M | 244M | 179M | 201M | 234M | 255M | 290M | 219M | 266M | 233M |
| D&A | 863K | 3.8M | 21M | 22M | 24M | 26M | 29M | 35M | 41M | 51M | 55M | 60M | 61M |
| CapEx/OCF | N/A | 2.6% | 117.4% | 120.5% | 331.7% | 196.0% | 252.1% | 219.2% | 208.6% | 206.6% | 189.5% | 169.3% | 156.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 122M | 59M | 69M | 78M | 86M | 97M | 108M | 120M | 128M | 144M | 148M |
| Dividend Yield | N/A | N/A | 17.5% | 6.3% | 6.5% | 5.8% | 6.5% | 5.8% | 6.0% | 6.1% | 5.8% | 5.6% | 5.2% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 117K | 101K | 1.6M | 2.7M | 4.0M | 3.6M | 3.4M | 3.9M | 5.0M | 6.3M | 7.0M | 8.9M | 8.7M |
| Debt Repayment | 0 | 0 | 0 | 81M | 25M | 0 | 219M | 165M | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -7K | 294M | 412M | 451M | 432M | 665M | 743M | 871M | 969M | 1.1B | 1.1B | 1.2B | 1.2B |
| Cash & Equiv. | 7K | 98M | 27M | 64M | 92M | 5.1M | 11M | 6.3M | 26M | 16M | 4.1M | 12M | 30M |
| Long-Term Debt | 0 | 392M | 439M | 516M | 616M | 670M | 754M | 878M | 995M | 1.1B | 1.1B | 1.2B | 1.2B |
| Debt/Equity | 0.00 | 0.89 | 0.93 | 0.99 | 0.88 | 0.92 | 0.89 | 0.91 | 0.87 | 0.88 | 0.78 | 0.74 | 0.72 |
| Interest Coverage | N/A | 4.9 | 6.2 | 4.7 | 5.1 | 3.7 | 3.7 | 3.6 | 3.7 | 3.1 | 3.0 | 3.2 | 3.2 |
| Equity | 9.0M | 442M | 470M | 522M | 699M | 727M | 845M | 964M | 1.1B | 1.3B | 1.5B | 1.6B | 1.7B |
| Total Assets | 12M | 929M | 937M | 1.1B | 1.3B | 1.4B | 1.7B | 1.9B | 2.2B | 2.5B | 2.7B | 2.9B | 3.0B |
| Total Liabilities | 3.0M | 488M | 467M | 546M | 644M | 719M | 824M | 939M | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B |
| Intangibles | N/A | 0 | 1.8M | 3.8M | 19M | 58M | 96M | 104M | 106M | 118M | 124M | 129M | 127M |
| Retained Earnings | 0 | 5.3M | 26M | 36M | 46M | 38M | 27M | 13M | 576K | -26M | -58M | -94M | -103M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | 81M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | N/A | 0.13 | 2.63 | 1.18 | 1.28 | 1.06 | 1.08 | 1.11 | 1.20 | 1.07 | 1.07 | 1.09 | 1.10 |
| Owner EPS | N/A | 0.42 | 0.82 | 0.90 | 0.82 | 1.09 | 0.82 | 1.08 | 1.17 | 1.21 | 0.88 | 1.20 | 1.07 |
| Book Value | N/A | 10.33 | 7.88 | 8.63 | 10.86 | 10.61 | 11.79 | 12.50 | 13.97 | 14.14 | 15.45 | 15.81 | 15.16 |
| Cash Flow/Share | N/A | 0.51 | 1.19 | 1.30 | 1.26 | 1.53 | 1.28 | 1.59 | 1.74 | 1.85 | 1.53 | 1.87 | 1.62 |
| Dividends/Share | N/A | 0.00 | 2.04 | 1.00 | 1.11 | 1.17 | 1.23 | 1.29 | 1.34 | 1.37 | 1.39 | 1.43 | 1.35 |
| Shares Out. | N/A | 42.7M | 59.6M | 60.5M | 64.4M | 68.5M | 71.6M | 77.1M | 81.5M | 89.1M | 93.9M | 103.1M | 109.7M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 95.6 | 4.7 | 14.5 | 13.9 | 18.6 | 20.9 | 20.6 | 18.1 | 21.4 | 23.6 | 20.8 | 23.7 |
| P/FCF | N/A | 18.5 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | 68.6 | 12.3 | 15.6 | 15.4 | 20.2 | 22.0 | 22.4 | 20.2 | 22.3 | 23.3 | 21.4 | N/A |
| Price/Book | N/A | 1.2 | 1.6 | 2.0 | 1.6 | 1.9 | 1.9 | 1.8 | 1.6 | 1.6 | 1.6 | 1.4 | 1.7 |
| Price/Sales | N/A | 14.6 | 5.6 | 7.0 | 7.4 | 8.4 | 7.8 | 8.4 | 8.1 | 7.8 | 8.2 | 8.7 | 9.5 |
| FCF Yield | N/A | 3.9% | -1.7% | -1.6% | -16.4% | -7.4% | -8.6% | -8.3% | -8.7% | -8.6% | -5.4% | -5.7% | -3.7% |
| Market Cap | 0 | 548M | 741M | 1.0B | 1.1B | 1.3B | 1.6B | 1.8B | 1.8B | 2.0B | 2.4B | 2.3B | 2.9B |
| Avg. Price | 0.00 | 8.12 | 11.69 | 15.45 | 16.52 | 19.65 | 18.60 | 21.65 | 22.07 | 21.94 | 23.55 | 24.94 | 26.07 |
| Year-End Price | 0.00 | 9.14 | 12.43 | 17.08 | 17.78 | 19.70 | 22.56 | 22.92 | 21.76 | 22.87 | 25.23 | 22.71 | 26.07 |
Four Corners Property Trust, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
Four Corners Property Trust, Inc. trades at 23.9x trailing earnings, compared to its 15-year median P/E of 19.6x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 7.4%. Total shareholder yield (dividends) is 5.2%. At current prices, the estimated annualized return to fair value is -0.9%.
Four Corners Property Trust, Inc. (FCPT) reported annual revenue of $294 million in its most recent fiscal year, based on SEC EDGAR filings.
Four Corners Property Trust, Inc. (FCPT) has a net profit margin of 38.2%. This is a strong margin indicating high profitability.
Four Corners Property Trust, Inc. (FCPT) generated $-133 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Four Corners Property Trust, Inc. (FCPT) has a debt-to-equity ratio of 0.74. This indicates moderate leverage.
Four Corners Property Trust, Inc. (FCPT) reported earnings per share (EPS) of $1.09 in its most recent fiscal year.
Four Corners Property Trust, Inc. (FCPT) has a return on equity (ROE) of 7.3%. This indicates moderate shareholder returns.
The Ledger Terminal provides 13 years of financial data for Four Corners Property Trust, Inc. (FCPT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Four Corners Property Trust, Inc. (FCPT) has a book value per share of $15.81, based on its most recent annual SEC filing.
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