Q3 2026 Revenue up 13% year over year to $83.7M · 35¢ of every $1 of revenue kept as net profit · operating margin 35.1%
Four Corners Property Trust made $83.7M in Q3 2026 (+13% Y/Y). Operating margin 35.1%, net earnings $28.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Revenue$83.7M
Year over year+13%
Operating margin35.1%
Net earnings$28.9M
Operating cash flow$61.1M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $83.7M in Q3 2026, up 13% year over year and up 7% from the previous quarter.
Operating profit was $29.3M, a 35.1% margin (down 3.9 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 39% margin then. Total costs grew 20% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $28.8M, roughly flat year over year. The effective tax rate was 1.5%.
Operating cash flow was $61.1M (up 25% year over year), 212% of net earnings. Non-cash charges added back $18.6M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $11.5M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Oct 29, 2026
$83.7M
+13%
35.1%
$28.9M
$61.1M
Q2 2026
10-Q
Jul 30, 2026
$78.4M
+8%
38.3%
$30.0M
$50.7M
Q1 2026
10-Q
Apr 30, 2026
$78.2M
+9%
39.0%
$30.4M
$47.2M
Q4 2025
10-K
Feb 12, 2026
$75.7M
+11%
39.1%
$29.5M
$48.0M
Q3 2025
10-Q
Oct 29, 2025
$74.1M
+11%
39.0%
$28.9M
$48.9M
Q2 2025
10-Q
Jul 30, 2025
$72.8M
+10%
38.5%
$28.0M
$43.8M
Q1 2025
10-Q
May 1, 2025
$71.5M
+8%
36.7%
$26.2M
$51.6M
Charts
Latest (Q3 2026): Y/Y +13%, Q/Q +7%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $28.9M, Operating cash flow $61.1M.+43.8% since FY2020: more shares outstanding (issuance, stock pay).Cash $12.1M, short-term investments —, long-term debt $1.2B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
FCPT is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at fcpt.com .
In its own words, from its 8-K, filed Jul 29, 2026.
Four Corners Property Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +13%. Operating margin: 35.1% against the peers' median 20.6%.