13 years of historical data (2013–2025) · Real Estate · REIT - Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Four Corners Property Trust, Inc. trades at 23.4x earnings, roughly in line with its 5-year average of 23.7x, sitting at the 50th percentile of its historical range. This is roughly in line with the Real Estate sector median P/E of 23.4x. On a free-cash-flow basis, the stock trades at 14.4x P/FCF, 7% below the 5-year average of 15.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $2.4B | $2.6B | $2.2B | $2.1B | $2.3B | $2.1B | $1.9B | $1.7B | $1.6B | $1.2B |
| Enterprise Value | $4.0B | $3.6B | $3.7B | $3.3B | $3.1B | $3.1B | $2.9B | $2.6B | $2.2B | $2.0B | $1.6B |
| P/E Ratio → | 23.41 | 21.16 | 25.36 | 23.64 | 21.61 | 26.50 | 27.56 | 26.59 | 20.47 | 21.78 | 7.80 |
| P/S Ratio | 9.39 | 8.07 | 9.52 | 8.96 | 9.50 | 11.33 | 12.47 | 12.07 | 11.74 | 11.71 | 9.86 |
| P/B Ratio | 1.61 | 1.45 | 1.76 | 1.78 | 1.86 | 2.34 | 2.52 | 2.66 | 2.41 | 2.99 | 2.60 |
| P/FCF | 14.36 | 12.35 | 17.72 | 13.60 | 14.94 | 18.46 | 23.31 | 18.48 | — | — | — |
| P/OCF | 14.36 | 12.35 | 17.72 | 13.60 | 14.94 | 18.46 | 23.31 | 18.48 | 20.86 | 19.76 | 17.23 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Four Corners Property Trust, Inc.'s enterprise value stands at 17.6x EBITDA, roughly in line with its 5-year average of 18.2x. The Real Estate sector median is 13.6x, placing the stock at a 29% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.12 | 13.77 | 13.36 | 13.87 | 15.74 | 16.87 | 16.25 | 15.39 | 15.10 | 13.18 |
| EV / EBITDA | 17.62 | 15.90 | 18.13 | 17.84 | 18.50 | 20.63 | 21.15 | 20.82 | 15.55 | 17.72 | 15.08 |
| EV / EBIT | 24.12 | 21.66 | 24.59 | 23.88 | 23.01 | 26.65 | 26.93 | 26.11 | 21.43 | 22.02 | 17.90 |
| EV / FCF | — | 18.55 | 25.62 | 20.28 | 21.80 | 25.64 | 31.52 | 24.88 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Four Corners Property Trust, Inc. earns an operating margin of 55.7%, significantly above the Real Estate sector average of 22.0%. Operating margins have expanded from 54.6% to 55.7% over the past 3 years, signaling improving operational efficiency. ROE of 7.3% is modest. ROIC of 4.5% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 95.4% | 95.4% | 84.9% | 83.9% | 84.0% | 85.2% | 88.5% | 86.8% | 86.8% | 86.0% | 85.6% |
| Operating Margin | 55.7% | 55.7% | 55.6% | 54.6% | 56.4% | 58.9% | 62.5% | 61.6% | 60.6% | 45.8% | 48.2% |
| Net Profit Margin | 38.2% | 38.2% | 37.5% | 38.0% | 43.8% | 42.9% | 45.2% | 45.3% | 57.4% | 53.6% | 126.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 7.3% | 7.4% | 8.0% | 9.3% | 9.5% | 9.8% | 10.2% | 13.5% | 14.4% | 34.4% |
| ROA | 4.0% | 4.0% | 3.9% | 4.1% | 4.8% | 4.8% | 5.0% | 5.2% | 6.8% | 7.1% | 16.8% |
| ROIC | 4.5% | 4.5% | 4.5% | 4.6% | 4.8% | 5.1% | 5.4% | 5.7% | 5.9% | 4.9% | 5.5% |
| ROCE | 5.9% | 5.9% | 6.0% | 6.0% | 6.3% | 6.7% | 7.0% | 7.2% | 7.4% | 6.2% | 6.5% |
Solvency and debt-coverage ratios — lower is generally safer
Four Corners Property Trust, Inc. carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (20% below the sector average of 6.7x). Net debt stands at $1.2B ($1.2B total debt minus $12M cash). Interest coverage of 3.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.74 | 0.74 | 0.79 | 0.89 | 0.88 | 0.92 | 0.90 | 0.93 | 0.88 | 0.99 | 0.93 |
| Debt / EBITDA | 5.37 | 5.37 | 5.61 | 5.96 | 5.98 | 5.82 | 5.59 | 5.39 | 4.33 | 4.54 | 4.05 |
| Net Debt / Equity | — | 0.73 | 0.79 | 0.87 | 0.86 | 0.91 | 0.89 | 0.92 | 0.75 | 0.86 | 0.88 |
| Net Debt / EBITDA | 5.31 | 5.31 | 5.59 | 5.87 | 5.82 | 5.78 | 5.51 | 5.35 | 3.69 | 3.98 | 3.80 |
| Debt / FCF | — | 6.20 | 7.90 | 6.68 | 6.86 | 7.18 | 8.21 | 6.39 | — | — | — |
| Interest Coverage | 3.16 | 3.16 | 3.03 | 3.07 | 3.46 | 3.60 | 3.66 | 3.73 | 4.36 | 3.13 | 4.03 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 0.61x to 0.20x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.20 | 0.61 | 0.85 | 0.30 | 0.51 | 0.31 | 3.99 | 2.57 | 1.84 |
| Quick Ratio | — | — | 0.19 | 0.61 | 0.69 | 0.29 | 0.43 | 0.30 | 3.99 | 2.57 | 1.82 |
| Cash Ratio | 0.08 | — | 0.08 | 0.33 | 0.56 | 0.15 | 0.29 | 0.15 | 3.80 | 2.30 | 1.84 |
| Asset Turnover | — | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.12 | 0.13 |
| Inventory Turnover | 183.71 | — | 183.71 | 169.15 | 4.59 | 117.47 | 6.65 | 108.22 | 103.90 | 100.28 | 88.38 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Four Corners Property Trust, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 4.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 5.0% | 5.3% | 5.1% | 4.3% | 4.0% | 4.1% | 4.1% | 3.8% | 9.9% |
| Payout Ratio | — | — | 127.5% | 125.6% | 110.0% | 113.2% | 111.6% | 108.1% | 84.3% | 82.2% | 77.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.3% | 4.7% | 3.9% | 4.2% | 4.6% | 3.8% | 3.6% | 3.8% | 4.9% | 4.6% | 12.8% |
| FCF Yield | 7.0% | 8.1% | 5.6% | 7.4% | 6.7% | 5.4% | 4.3% | 5.4% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 5.0% | 5.3% | 5.1% | 4.3% | 4.0% | 4.1% | 4.1% | 3.8% | 9.9% |
| Shares Outstanding | — | $103M | $94M | $89M | $82M | $77M | $72M | $69M | $64M | $61M | $60M |
Compare FCPT with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| FCPTYou | $3B | 23.4 | 17.6 | 14.4 | 95.4% | 55.7% | 7.3% | 4.5% | 5.4 |
| O | $63B | 57.3 | 15.2 | 15.7 | 89.8% | 28.3% | 2.7% | 2.3% | — |
| NNN | $9B | 21.9 | 10.0 | 12.9 | 96.0% | 63.6% | 8.9% | 6.7% | — |
| GTY | $2B | 23.4 | 15.8 | 14.9 | 40.2% | 54.9% | 7.8% | 4.6% | 5.6 |
| NTST | $2B | 259.6 | 12.6 | 15.8 | 99.9% | 25.7% | 0.5% | 2.1% | — |
| PINE | $292M | -89.6 | 7.1 | 11.3 | 86.9% | 21.7% | -1.1% | 2.2% | — |
| ADC | $236M | 45.5 | 5.5 | 0.5 | 92.7% | 47.4% | 3.3% | 2.9% | 5.1 |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonFour Corners Property Trust, Inc.'s current P/E ratio is 23.4x. The historical average is 22.2x. This places it at the 50th percentile of its historical range.
Four Corners Property Trust, Inc.'s current EV/EBITDA is 17.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
Four Corners Property Trust, Inc.'s return on equity (ROE) is 7.3%. The historical average is 9.8%.
Based on historical data, Four Corners Property Trust, Inc. is trading at a P/E of 23.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Four Corners Property Trust, Inc. has 95.4% gross margin and 55.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Four Corners Property Trust, Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.