EPRT vs FCPT Stock Comparison

Essential Properties Realty Trust and Four Corners Property Trust Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

11 decided of 12

Four Corners Property Trust leads on 6 of the 12 questions below (Four Corners Property Trust 6, Essential Properties Realty Trust 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEPRTFCPTLeader
Larger companyMarket capitalisation $5.88B $2.45B EPRT
Cheaper on earningsLower P/E, profitable companies only 22.4x 20.7x FCPT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.2x 20.5x EPRT
Faster revenue growthRevenue growth, trailing twelve months +20.4% +9.6% EPRT
More profitableNet margin, trailing twelve months 41.0% 38.7% EPRT
Better return on capitalReturn on invested capital 5.2% 5.6% FCPT
Less leveragedLower net debt / EBITDA 5.1x 3.1x FCPT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -16.4% -10.1% FCPT
Better 5-year returnAnnualised price return, 5 years -1.9%/yr -5.3%/yr EPRT
Less volatileAnnualised volatility, 1 year 21.1% 19.9% FCPT
Higher overall scoreMean of the five percentile scores vs peers 51/100 58/100 FCPT

Percentile Scorecard

EPRTFCPT

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

AxisEPRTFCPT
Valuation 17 #120 of 145 39 #89 of 145
Growth 83 #26 of 144 78 #32 of 144
Profitability 71 #41 of 140 68 #45 of 140
Financial Health 78 #33 of 146 87 #20 of 146
Shareholder Returns 5 #125 of 132 17 #110 of 132
Overall 51 58
  • EPRT 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

PeriodEPRTFCPTSPY
1 month -0.8%-0.5% -1.0%
3 months -17.6%-15.1% +2.9%
6 months -15.2%-12.9% +6.4%
Year to date -10.1%-4.0% +11.4%
1 year -16.4%-10.1% +13.1%
3 years +27.3%+5.4% +79.4%
3 years, per year +8.4%+1.8% +21.5%
5 years -9.3%-23.8% +67.7%
5 years, per year -1.9%-5.3% +10.9%
10 years —+6.5% +255.2%
10 years, per year —+0.6% +13.5%

Risk

MeasureEPRTFCPTSPY
Volatility, 1Y 21.1%19.9% 12.7%
Downside volatility, 1Y 21.6%19.8% 12.7%
Beta vs S&P 500, 1Y -0.30-0.10 1.00
Return / volatility, 1Y -0.77-0.51 1.03
Max drawdown, 5Y -37.6%-31.3% -25.4%
From 52-week high -23.0%-16.4% -2.5%
52-week high $34.59$26.49 $779.14
52-week low $24.88$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.

MultipleEPRTFCPT
P/E now vs peer median 22.0xmedian 27.0x 20.4xmedian 27.0x
P/S now vs peer median 9.2xmedian 4.1x 7.9xmedian 4.1x
EV/EBITDA now vs peer median 15.4xmedian 14.5x 15.7xmedian 14.5x
P/FCF now vs peer median -8.8xmedian 23.7x -33.8xmedian 23.7x
P/B now vs peer median 1.3xmedian 1.3x 1.5xmedian 1.3x
PEG now vs peer median 10.65median 2.07 135.16median 2.07

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 monthsEPRTFCPT
Revenue $639.22M $306.40M
Gross profit – $262.29M
Operating income $387.32M $126.57M
Net income $263.37M $118.71M
Free cash flow -$669.26M -$71.90M
EPS (diluted) $1.20 $1.08
Cash & equivalents $25.22M $24.79M
Total debt $10.99B $2.50B
Shares (diluted) 219.12M 109.79M
Enterprise value $5.65B $2.38B

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
MetricEPRTFCPT
P/E 22.0x 20.4x
P/FCF -8.8x -33.8x
P/Operating cash flow 13.6x 12.5x
P/S 9.2x 7.9x
P/B 1.3x 1.5x
P/Tangible book 1.3x 1.6x
EV/EBITDA 15.4x 15.7x
EV/EBIT 22.7x 24.0x
EV/Revenue 13.8x 9.9x
EV/FCF -13.2x -42.2x
EV/Operating cash flow 20.3x 15.6x
PEG (3Y EPS CAGR) 10.65 135.16

Growth

14 metrics
MetricEPRTFCPT
Revenue growth (1Y) 20.4% 9.6%
Revenue CAGR (3Y) 23.9% 9.4%
Gross profit growth (1Y) – 10.2%
Gross profit CAGR (3Y) – 10.3%
Operating income growth (1Y) 13.8% 10.7%
Operating income CAGR (3Y) 20.0% 12.1%
Net income growth (1Y) 9.3% 12.0%
Net income CAGR (3Y) 14.0% 8.0%
EPS growth (1Y) -0.4% 3.2%
EPS CAGR (3Y) 2.1% 0.2%
Operating cash flow growth (1Y) 19.3% 13.2%
Operating cash flow CAGR (3Y) 22.0% 6.3%
Free cash flow growth (1Y) 6.9% 60.4%
Free cash flow CAGR (3Y) -1.1% 32.1%

Profitability

14 metrics
MetricEPRTFCPT
Gross margin – 85.6%
EBITDA margin 89.6% 63.0%
Operating margin 60.6% 41.3%
Pretax margin 41.4% 24.0%
Net margin 41.0% 38.7%
FCF margin -104.7% -23.5%
Operating cash flow margin 67.8% 63.6%
Return on equity 5.8% 7.2%
Return on assets 3.5% 4.0%
Return on invested capital 5.2% 5.6%
Return on capital employed – –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 1.6x 1.6x
Stock comp / revenue 2.3% 3.0%

Financial Health

11 metrics
MetricEPRTFCPT
Debt / assets 38.6% 21.1%
Debt / equity 0.6x 0.4x
Net debt / EBITDA 5.1x 3.1x
Debt / FCF -4.4x -8.8x
Liabilities / assets 40.4% 45.9%
Equity / assets 59.6% 54.1%
Interest coverage 3.1x 2.4x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricEPRTFCPT
Dividend yield 4.7% 6.6%
Net buyback yield -11.4% -8.3%
Shareholder yield -6.7% -1.7%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

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.

ConsensusEPRTFCPT
Forward P/E 19.2xFY2026 20.5xFY2026
EPS, next fiscal year $1.39FY2026 $1.08FY2026
EPS growth, next FY +8.6%FY2026 -0.9%FY2026
EPS growth, the year after -10.1% +10.2%
Revenue, next fiscal year $653.11MFY2026 $341.61MFY2026
Revenue growth, next FY +23.8%FY2026 +16.1%FY2026
Revenue growth, the year after +3.9% -6.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEPRTFCPT
Held by institutions 100.0% 100.0%
Institutions holding 377 350
Change in shares held, QoQ +19.1% +0.4%
Institutions buying 211 179
Institutions selling 113 98
Buyers to sellers 1.87 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.

EPRTFCPT
EPRT 1.00 0.79
FCPT 0.79 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EPRT and FCPT?

Essential Properties Realty Trust (EPRT) is the largest by market capitalisation: Essential Properties Realty Trust (EPRT) $5.88B, Four Corners Property Trust (FCPT) $2.45B.

Which stock is cheaper, EPRT and FCPT?

Four Corners Property Trust (FCPT) trades on the lowest price-to-earnings ratio (Essential Properties Realty Trust (EPRT) 22.4x, Four Corners Property Trust (FCPT) 20.7x). On next year's consensus earnings, Essential Properties Realty Trust (EPRT) is cheapest (Essential Properties Realty Trust (EPRT) 19.2x, Four Corners Property Trust (FCPT) 20.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Essential Properties Realty Trust (EPRT) grew revenue fastest over the trailing twelve months: Essential Properties Realty Trust (EPRT) +20.4%, Four Corners Property Trust (FCPT) +9.6%.

Which company is more profitable?

Essential Properties Realty Trust (EPRT) has the highest net margin (Essential Properties Realty Trust (EPRT) 41.0%, Four Corners Property Trust (FCPT) 38.7%). On return on invested capital, Four Corners Property Trust (FCPT) leads (Essential Properties Realty Trust (EPRT) 5.2%, Four Corners Property Trust (FCPT) 5.6%).

Which stock has performed better?

Over the past year Four Corners Property Trust (FCPT) returned the most: Essential Properties Realty Trust (EPRT) -16.4%, Four Corners Property Trust (FCPT) -10.1%. Over five years, Essential Properties Realty Trust (EPRT) compounded fastest (Essential Properties Realty Trust (EPRT) -1.9%/yr, Four Corners Property Trust (FCPT) -5.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Four Corners Property Trust (FCPT) has been the steadiest (Essential Properties Realty Trust (EPRT) 21.1%, Four Corners Property Trust (FCPT) 19.9%). Volatility measures how widely the price swings, not the risk of the business.

Do EPRT and FCPT move together?

Their daily returns over the past year have a correlation of 0.79, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, EPRT 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.