Four Corners Property Trust, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Four Corners Property Trust, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	124	133	144	160	171	199	223	251	268	294
General and administrative	11	12	13.2	13.9	15	17.7	20	22.7	23.8	26.8
Operating expenses	64.2	52.7	56.5	61.5	64.1	82.1	97.3	114	119	130
Interest expense	14.8	19.5	20	26.5	29.2	32.6	36.4	44.6	49.2	51.9
Pre-tax income	76.5	71.9	83.2
Income tax	-80.3	-0.02	0.26	0.27	0.25	-0.53	0.24	0.13	0.31	0.3
Net income to minority interests	0.04	0.5	0.53	0.32	0.24	0.16	0.14	0.12	0.12	0.12
Net income	157	71.4	82.4	72.6	77.3	85.6	97.8	95.3	100	112
EPS, basic	2.75	1.18	1.29	1.06	1.08	1.12	1.20	1.08	1.07	1.09
EPS, diluted	2.63	1.18	1.28	1.06	1.08	1.11	1.20	1.07	1.07	1.09
Shares, basic (weighted)	57	60.6	64	68.4	71.3	76.7	81.6	88.5	93.6	103
Shares, diluted (weighted)	59.6	60.7	64.4	68.6	71.6	76.8	81.8	88.7	94.1	103
Dividend per share	0.97	1.00	1.11	1.17	1.23	1.29	1.34	1.37	1.39	1.43

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	26.6	64.5	92	5.08	11.1	6.3	26.3	16.3	4.08	12.1
Inventory	0.2	0.19	0.18	0.2	0.18	0.25	0.27	0.24	0.22	0.25
Lease right-of-use assets			0	3.81	5.4	4.92	4.43	3.92	3.4	4.8
Intangible assets	1.77	3.84	19	57.9	96.3	104	106	118	124	129
Total assets	937	1,069	1,343	1,446	1,668	1,903	2,199	2,452	2,653	2,921
Total liabilities	467	546	644	719	824	939	1,060	1,192	1,202	1,291
Total debt								1,113	1,138	1,204
Paid-in capital	439	474	639	686	840	959	1,105	1,262	1,483	1,714
Retained earnings	25.9	36.3	46	38.4	26.7	12.8	0.58	-26.3	-57.7	-93.6
Other comprehensive income	0.21	4.48	5.96	-3.54	-25.7	-9.82	30.9	22	23.6	7.67
Shareholders' equity	470	522	699
Minority interests	5.1	7.78	7.87	5.69	3.06	2.22	2.26	2.21	2.18	2.11
Total equity	470	522	699	727	845	964	1,138	1,260	1,451	1,630
Total liabilities and equity	937	1,069	1,343	1,446	1,668	1,903	2,199	2,452	2,653	2,921
Shares outstanding	59.9	61.3	68.2	70	75.9	80.3	85.6	91.6	99.8	108

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	157	71.9	82.9	72.9	77.6	85.7	97.9	95.5	101	112
Depreciation and amortization	20.6	21.8	23.9	26.3	29.4	34.8	41.5	50.7	54.5	59.6
Stock-based compensation	1.55	2.68	3.97	3.6	3.38	3.95	4.98	6.27	6.99	8.85
Deferred income tax	-80.7	-0.2	0	0	0	-0.86	-0.13	-0.26	-0.2	-0.23
Cash from operations	70.9	78.9	80.9	105	91.5	122	142	165	144	192
Capital expenditures	-83.3	-95.1	-268	-205	-231	-268	-296
Cash from investing	-59.3	-80.4	-247	-207	-229	-265	-271	-313	-273	-325
Debt issued	0	125	100	0	125	100	125	100	0	0
Debt repaid								0	-50	0
Stock issued	0.64	32.1		47.2	152	117	142	153	216	225
Dividends paid	-122	-58.7	-69.5	-78.5	-86.3	-96.9	-108	-120	-128	-144
Cash from financing	-83	44.2	190	14.5	144	138	149	146	108	141
Net change in cash	-71.4	42.7	23.9	-88.2	5.98	-4.76	20	-1.51	-20.7	8.06
Free cash flow	-12.3	-16.2	-187	-100	-139	-146	-154
Interest paid	13.5	14.1	20.2	25.9	23.2	22.7	30.7	49.5	59.1	57.9
Income taxes paid	2.17	0.56	0.47	0.59	0.6	0.31	0.33	0.37	0.45	0.56

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $22.20 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	38.7%	Net income / revenue.
Operating cash flow margin	63.6%	Cash from operations / revenue.
Return on assets (ROA)	4.0%	Net income / average total assets.
Stock-based pay / revenue	3.0%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	20.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	9.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	9.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	11.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	11.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	4.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	7.8%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	1.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-3.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	0.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	33.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	10.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	16.0%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	3.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	2.3%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	3.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	10.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	11.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	9.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	8.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	7.5%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / assets	41.8%	Total debt / total assets.
Liabilities / assets	45.9%	Total liabilities / total assets.
Net debt	$1.23B	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	4.3%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.10x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.08	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$2.79	Revenue / diluted weighted shares.
Operating cash flow per share	$1.77	Cash from operations / diluted weighted shares.
Cash per share	$0.23	(Cash + short-term investments) / shares outstanding.
Payout ratio	128.9%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.44B	Share price x shares outstanding.
Enterprise value	$3.67B	Market cap + total debt - cash - short-term investments.
P/E	20.5x	Market cap / net income. Only when net income is positive.
P/S	7.95x	Market cap / revenue.
P/OCF	12.5x	Market cap / cash from operations, when positive.
EV/Sales	12.0x	Enterprise value / revenue.
Earnings yield	4.9%	Net income / market cap (the inverse of P/E).
Dividend yield	6.3%	Dividends paid over the period / market cap.
Shareholder yield	6.3%	(Dividends paid + share buybacks) / market cap.

What was Four Corners Property Trust, Inc.'s revenue in fiscal 2025?

Four Corners Property Trust, Inc. reported revenue of $294.1M for fiscal 2025, 9.7% higher than the year before.

Was Four Corners Property Trust, Inc. profitable in fiscal 2025?

Yes. Net income was $112.4M, a net margin of 38.2%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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