Four Corners Property Trust, Inc. (FCPT) intrinsic value & 10-year financials
Four Corners Property Trust, Inc. (FCPT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 14.1% a year to $31.5M, with an average return on invested capital of 11.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $21.99
- Market cap
- $2.3B
- Revenue (FY2025)
- $31.5M
- Revenue growth (10-yr CAGR)
- -14.1%
- ROIC (10-yr avg)
- 11.2%
- Free cash flow (FY2025)
- —
FCPT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $31.5M | $112.4M | $1.09 | — | — | 4.2% |
| FY2024 | $30.9M | $100.5M | $1.07 | — | — | 4.1% |
| FY2023 | $30.7M | $95.3M | $1.07 | — | — | 4.0% |
| FY2022 | $29.6M | $97.8M | $1.20 | -$154.3M | — | 9.3% |
| FY2021 | $26.6M | $85.6M | $1.11 | -$146.0M | — | 9.5% |
| FY2020 | $16.2M | $77.3M | $1.08 | -$139.1M | — | 9.8% |
| FY2019 | $160.2M | $72.6M | $1.06 | -$100.5M | — | 10.2% |
| FY2018 | $143.6M | $82.4M | $1.28 | -$187.4M | — | 13.5% |
| FY2017 | $133.2M | $71.4M | $1.18 | -$16.2M | — | 14.4% |
| FY2016 | $124.0M | $156.8M | $2.63 | -$12.3M | — | 33.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Four Corners Property Trust, Inc. is facing top-line stagnation, with revenue contracting over the decade.
Four Corners Property Trust, Inc. returns on capital have been average, hovering around 11.2% ROIC over the decade.
Four Corners Property Trust, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Four Corners Property Trust, Inc. is modeled at -9.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-9.54 per share.