BNL vs FCPT Stock Comparison

Broadstone Net Lease and Four Corners Property Trust Prices as of Oct 29, 2026 Peers: Industry group

Head to Head

9 decided of 12

Four Corners Property Trust leads on 6 of the 12 questions below (Four Corners Property Trust 6, Broadstone Net Lease 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBNLFCPTLeader
Larger companyMarket capitalisation $3.30B $2.45B BNL
Cheaper on earningsLower P/E, profitable companies only 22.5x 20.6x FCPT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.5x 20.7x FCPT
Faster revenue growthRevenue growth, trailing twelve months +8.0% +10.2% FCPT
More profitableNet margin, trailing twelve months 30.3% 37.5% FCPT
Better return on capitalReturn on invested capital — 5.3% –
Less leveragedLower net debt / EBITDA — 4.7x –
Higher dividend yieldTrailing dividend yield 0.07% 0.00% –
Better 1-year returnPrice return, last 12 months -2.9% -4.7% BNL
Better 5-year returnAnnualised price return, 5 years -8.1%/yr -5.1%/yr FCPT
Less volatileAnnualised volatility, 1 year 20.2% 19.9% FCPT
Higher overall scoreMean of the five percentile scores vs peers 70/100 50/100 BNL

Percentile Scorecard

BNLFCPT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBNLFCPT
Valuation 76 #36 of 145 24 #111 of 145
Growth 64 #52 of 143 65 #51 of 143
Profitability 67 #46 of 136 66 #47 of 136
Financial Health 79 #30 of 138 70 #42 of 138
Shareholder Returns 66 #45 of 131 24 #100 of 131
Overall 70 50
  • BNL ranked among 149 companies in Property REITs
  • FCPT ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBNLFCPTSPY
1 month -7.7%+1.5% +0.7%
3 months -19.0%-12.5% +3.7%
6 months -12.1%-12.6% +7.1%
Year to date +0.2%-3.1% +12.8%
1 year -2.9%-4.7% +11.9%
3 years +24.6%+7.5% +85.2%
3 years, per year +7.6%+2.4% +22.8%
5 years -34.5%-22.9% +67.6%
5 years, per year -8.1%-5.1% +10.9%
10 years —+12.5% +262.0%
10 years, per year —+1.2% +13.7%

Risk

MeasureBNLFCPTSPY
Volatility, 1Y 20.2%19.9% 12.7%
Downside volatility, 1Y 21.0%19.6% 12.6%
Beta vs S&P 500, 1Y -0.02-0.10 1.00
Return / volatility, 1Y -0.14-0.24 0.94
Max drawdown, 5Y -48.9%-31.3% -25.4%
From 52-week high -23.7%-15.6% -1.2%
52-week high $22.82$26.49 $779.14
52-week low $16.83$21.03 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBNLFCPT
P/E now vs peer median 22.7xmedian 25.7x 20.6xmedian 25.7x
P/S now vs peer median 6.9xmedian 4.1x 7.8xmedian 4.1x
EV/EBITDA now vs peer median —median 14.3x 16.9xmedian 14.3x
P/FCF now vs peer median 7.8xmedian 23.5x -8.0xmedian 23.5x
P/B now vs peer median 1.1xmedian 1.3x 1.5xmedian 1.3x
PEG now vs peer median -2.49median 1.86 14.60median 1.86

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBNLFCPT
Revenue $483.87M $315.93M
Gross profit – $270.97M
Operating income – $130.49M
Net income $149.81M $118.71M
Free cash flow $426.22M -$306.98M
EPS (diluted) $0.73 $1.08
Cash & equivalents $12.19M $7.20M
Total debt $1.79B $946.38M
Shares (diluted) 201.12M 109.84M
Enterprise value $3.22B $2.37B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBNLFCPT
P/E 22.7x 20.6x
P/FCF 7.8x -8.0x
P/Operating cash flow 10.9x 11.9x
P/S 6.9x 7.8x
P/B 1.1x 1.5x
P/Tangible book 1.2x 1.7x
EV/EBITDA – 16.9x
EV/EBIT – 26.0x
EV/Revenue 10.6x 10.7x
EV/FCF 12.0x -11.1x
EV/Operating cash flow 16.7x 16.4x
PEG (3Y EPS CAGR) -2.49 14.60

Growth

14 metrics
MetricBNLFCPT
Revenue growth (1Y) 8.0% 10.2%
Revenue CAGR (3Y) 2.4% 9.2%
Gross profit growth (1Y) – 11.0%
Gross profit CAGR (3Y) – 10.1%
Operating income growth (1Y) – 11.5%
Operating income CAGR (3Y) – 12.1%
Net income growth (1Y) 62.9% 8.7%
Net income CAGR (3Y) -8.1% 8.1%
EPS growth (1Y) 60.3% 3.1%
EPS CAGR (3Y) -9.1% 1.4%
Operating cash flow growth (1Y) 9.9% 16.5%
Operating cash flow CAGR (3Y) 4.2% 8.6%
Free cash flow growth (1Y) 229.6% -64.2%
Free cash flow CAGR (3Y) -0.9% -1.7%

Profitability

14 metrics
MetricBNLFCPT
Gross margin – 85.8%
EBITDA margin – 63.5%
Operating margin – 41.3%
Pretax margin – 23.1%
Net margin 30.3% 37.5%
FCF margin 88.1% -97.2%
Operating cash flow margin 63.3% 65.5%
Return on equity 5.0% 7.3%
Return on assets 2.5% 3.8%
Return on invested capital – 5.3%
Return on capital employed – –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 2.0x 1.7x
Stock comp / revenue 2.3% 2.9%

Financial Health

11 metrics
MetricBNLFCPT
Debt / assets 29.4% 28.7%
Debt / equity 0.6x 0.6x
Net debt / EBITDA – 4.7x
Debt / FCF 4.2x -3.1x
Liabilities / assets 50.6% 50.6%
Equity / assets 49.4% 49.4%
Interest coverage – 2.3x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricBNLFCPT
Dividend yield 6.7% 6.6%
Net buyback yield – -5.8%
Shareholder yield 6.7% 0.8%
Payout ratio (earnings) 148.6% –
Payout ratio (FCF) 52.2% –
Dividend growth (1Y) 1.8% –
Dividend CAGR (3Y) 3.3% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBNLFCPT
Forward P/E 23.5xFY2026 20.7xFY2026
EPS, next fiscal year $0.74FY2026 $1.08FY2026
EPS growth, next FY +48.0%FY2026 -0.9%FY2026
EPS growth, the year after +2.7% +10.2%
Revenue, next fiscal year $469.80MFY2026 $341.68MFY2026
Revenue growth, next FY +3.4%FY2026 +16.2%FY2026
Revenue growth, the year after +17.1% -6.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBNLFCPT
Held by institutions 98.0% 100.0%
Institutions holding 375 351
Change in shares held, QoQ +30.3% +0.4%
Institutions buying 218 179
Institutions selling 98 98
Buyers to sellers 2.22 1.83

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BNLFCPT
BNL 1.00 0.69
FCPT 0.69 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BNL and FCPT?

Broadstone Net Lease (BNL) is the largest by market capitalisation: Broadstone Net Lease (BNL) $3.30B, Four Corners Property Trust (FCPT) $2.45B.

Which stock is cheaper, BNL and FCPT?

Four Corners Property Trust (FCPT) trades on the lowest price-to-earnings ratio (Broadstone Net Lease (BNL) 22.5x, Four Corners Property Trust (FCPT) 20.6x). On next year's consensus earnings, Four Corners Property Trust (FCPT) is cheapest (Broadstone Net Lease (BNL) 23.5x, Four Corners Property Trust (FCPT) 20.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Four Corners Property Trust (FCPT) grew revenue fastest over the trailing twelve months: Broadstone Net Lease (BNL) +8.0%, Four Corners Property Trust (FCPT) +10.2%.

Which company is more profitable?

Four Corners Property Trust (FCPT) has the highest net margin (Broadstone Net Lease (BNL) 30.3%, Four Corners Property Trust (FCPT) 37.5%).

Which stock has performed better?

Over the past year Broadstone Net Lease (BNL) returned the most: Broadstone Net Lease (BNL) -2.9%, Four Corners Property Trust (FCPT) -4.7%. Over five years, Four Corners Property Trust (FCPT) compounded fastest (Broadstone Net Lease (BNL) -8.1%/yr, Four Corners Property Trust (FCPT) -5.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Broadstone Net Lease (BNL) 0.07%, Four Corners Property Trust (FCPT) 0.00%. Four Corners Property Trust (FCPT) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Four Corners Property Trust (FCPT) has been the steadiest (Broadstone Net Lease (BNL) 20.2%, Four Corners Property Trust (FCPT) 19.9%). Volatility measures how widely the price swings, not the risk of the business.

Do BNL and FCPT move together?

Their daily returns over the past year have a correlation of 0.69, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BNL and FCPT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Four Corners Property Trust (FCPT) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.