Four Corners Property Trust, Inc. (FCPT) Financial Ratios
13 years of historical data (2013–2025) · Real Estate · REIT - Retail
EV/EBITDA
↓
17.33
-5% vs avg
5yr avg: 18.20
30Y Low15.1·High21.2
P/FCF
↓
13.98
-9% vs avg
5yr avg: 15.41
30Y Low12.3·High58.6
P/B Ratio
↓
1.54
↓-16% vs avg
5yr avg: 1.84
30Y Low1.5·High3.0
ROE
↓
7.3%
-12% vs avg
5yr avg: 8.3%
30Y Low0%·High34%
Debt/EBITDA
↓
5.40
↓-6% vs avg
5yr avg: 5.75
30Y Low4.0·High26.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FCPT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Four Corners Property Trust, Inc. trades at 22.5x earnings, 5% below its 5-year average of 23.7x, sitting at the 50th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 7%. On a free-cash-flow basis, the stock trades at 14.0x P/FCF, 9% 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 | $2.7B | $2.4B | $2.6B | $2.2B | $2.1B | $2.3B | $2.1B | $1.9B | $1.7B | $1.6B | $1.2B |
| Enterprise Value | $3.9B | $3.6B | $3.7B | $3.3B | $3.1B | $3.1B | $2.9B | $2.6B | $2.2B | $2.0B | $1.6B |
| P/E Ratio → | 22.47 | 21.16 | 25.36 | 23.64 | 21.61 | 26.50 | 27.56 | 26.59 | 20.47 | 21.78 | 7.80 |
| P/S Ratio | 9.14 | 8.07 | 9.52 | 8.96 | 9.50 | 11.33 | 12.47 | 12.07 | 11.74 | 11.71 | 9.86 |
| P/B Ratio | 1.54 | 1.45 | 1.76 | 1.78 | 1.86 | 2.34 | 2.52 | 2.66 | 2.41 | 2.99 | 2.60 |
| P/FCF | 13.98 | 12.35 | 17.72 | 13.60 | 14.94 | 18.46 | 23.31 | 18.48 | — | — | — |
| P/OCF | 13.98 | 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
FCPT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Four Corners Property Trust, Inc.'s enterprise value stands at 17.3x EBITDA, roughly in line with its 5-year average of 18.2x. This is roughly in line with the Real Estate sector median of 17.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.15 | 13.77 | 13.36 | 13.87 | 15.74 | 16.87 | 16.25 | 15.39 | 15.10 | 13.18 |
| EV / EBITDA | 17.33 | 15.93 | 18.13 | 17.84 | 18.50 | 20.63 | 21.15 | 20.82 | 15.55 | 17.72 | 15.08 |
| EV / EBIT | 23.72 | 21.70 | 24.59 | 23.88 | 23.01 | 26.65 | 26.93 | 26.11 | 21.43 | 22.02 | 17.90 |
| EV / FCF | — | 18.58 | 25.62 | 20.28 | 21.80 | 25.64 | 31.52 | 24.88 | — | — | — |
FCPT Profitability
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 24.8%. 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.
Margins
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% |
Return on Capital
| 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 | 6.0% | 6.0% | 6.0% | 6.0% | 6.3% | 6.7% | 7.0% | 7.2% | 7.4% | 6.2% | 6.5% |
FCPT Leverage & Debt
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 (32% below the sector average of 7.9x). 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 | 5.40 | 5.40 | 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 | 5.34 | 5.34 | 5.59 | 5.87 | 5.82 | 5.78 | 5.51 | 5.35 | 3.69 | 3.98 | 3.80 |
| Debt / FCF | — | 6.23 | 7.90 | 6.68 | 6.86 | 7.18 | 8.21 | 6.39 | — | — | — |
| Interest Coverage | 3.17 | 3.17 | 3.05 | 3.14 | 3.70 | 3.62 | 3.66 | 3.76 | 5.17 | 4.69 | 6.16 |
FCPT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.30x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.61x to 0.30x 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 | 0.30 | 0.30 | 0.20 | 0.61 | 0.85 | 0.30 | 0.51 | 0.31 | 3.99 | 2.57 | 1.84 |
| Quick Ratio | 0.29 | 0.29 | 0.19 | 0.61 | 0.69 | 0.29 | 0.43 | 0.30 | 3.99 | 2.57 | 1.82 |
| Cash Ratio | 0.17 | 0.17 | 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 | 55.12 | 55.12 | 183.71 | 169.15 | 4.59 | 117.47 | 6.65 | 108.22 | 103.90 | 100.28 | 88.38 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FCPT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Four Corners Property Trust, Inc. returns 5.7% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 128.1%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 4.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 5.7% | 6.1% | 5.0% | 5.3% | 5.1% | 4.3% | 4.0% | 4.1% | 4.1% | 3.8% | 9.9% |
| Payout Ratio | 128.1% | 128.1% | 127.5% | 125.6% | 110.0% | 113.2% | 111.6% | 108.1% | 84.3% | 82.2% | 77.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 4.7% | 3.9% | 4.2% | 4.6% | 3.8% | 3.6% | 3.8% | 4.9% | 4.6% | 12.8% |
| FCF Yield | 7.2% | 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 | 5.7% | 6.1% | 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 |
Peer Comparison
Compare FCPT with 10 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 | 22.5 | 17.3 | 14.0 | 95.4% | 55.7% | 7.3% | 4.5% | 5.4 |
 NNN | $9B | 21.7 | 16.0 | 12.8 | 38.0% | 61.5% | 8.9% | 4.8% | 5.8 |
 EPRT | $6B | 22.9 | 17.1 | 16.7 | 84.0% | 64.5% | 6.5% | 4.4% | 4.9 |
 ADC | $9B | 41.4 | 19.7 | 17.5 | 87.7% | 47.4% | 3.5% | 2.8% | 5.4 |
 NTST | $2B | 234.1 | 21.3 | 17.4 | 90.0% | 30.4% | 0.5% | 1.7% | 7.9 |
 PINE | $274M | -87.0 | 14.5 | — | -10.9% | 30.5% | -0.9% | 2.2% | 8.6 |
 O | $56B | 51.5 | 21.6 | 14.1 | 89.8% | 28.3% | 2.7% | 1.8% | 8.0 |
 WPC | $16B | 33.8 | 18.8 | 14.3 | 28.6% | 44.4% | 5.6% | 3.5% | 6.8 |
 GTY | $2B | 24.2 | 16.4 | 15.6 | 40.2% | 54.9% | 7.8% | 4.6% | 5.7 |
 DRI | $25B | 24.1 | 16.6 | 24.4 | 21.9% | 11.3% | 46.1% | 13.0% | 3.3 |
 YUM | $42B | 27.3 | 19.5 | 25.6 | 46.2% | 30.8% | — | 48.1% | 4.4 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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FCPT — Frequently Asked Questions
Quick answers to the most common questions about buying FCPT stock.
What is Four Corners Property Trust, Inc.'s P/E ratio?
Four Corners Property Trust, Inc.'s current P/E ratio is 22.5x. The historical average is 22.2x. This places it at the 50th percentile of its historical range.
What is Four Corners Property Trust, Inc.'s EV/EBITDA?
Four Corners Property Trust, Inc.'s current EV/EBITDA is 17.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
What is Four Corners Property Trust, Inc.'s ROE?
Four Corners Property Trust, Inc.'s return on equity (ROE) is 7.3%. The historical average is 9.8%.
Is FCPT stock overvalued?
Based on historical data, Four Corners Property Trust, Inc. is trading at a P/E of 22.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Four Corners Property Trust, Inc.'s dividend yield?
Four Corners Property Trust, Inc.'s current dividend yield is 5.71% with a payout ratio of 128.1%.
What are Four Corners Property Trust, Inc.'s profit margins?
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.
How much debt does Four Corners Property Trust, Inc. have?
Four Corners Property Trust, Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.