FCPT vs BNL Stock Comparison

Four Corners Property Trust and Broadstone Net Lease Prices as of Oct 27, 2026 Peers: Industry group

Head to Head

10 decided of 12

Four Corners Property Trust leads on 6 of the 12 questions below (Four Corners Property Trust 6, Broadstone Net Lease 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFCPTBNLLeader
Larger companyMarket capitalisation $2.43B $3.29B BNL
Cheaper on earningsLower P/E, profitable companies only 20.5x 22.5x FCPT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.5x 23.2x FCPT
Faster revenue growthRevenue growth, trailing twelve months +9.6% +7.7% FCPT
More profitableNet margin, trailing twelve months 38.7% 30.6% FCPT
Better return on capitalReturn on invested capital 5.6% — –
Less leveragedLower net debt / EBITDA 3.1x — –
Higher dividend yieldTrailing dividend yield 6.62% 6.76% BNL
Better 1-year returnPrice return, last 12 months -8.9% -8.6% BNL
Better 5-year returnAnnualised price return, 5 years -5.4%/yr -8.6%/yr FCPT
Less volatileAnnualised volatility, 1 year 20.0% 20.1% FCPT
Higher overall scoreMean of the five percentile scores vs peers 59/100 70/100 BNL

Percentile Scorecard

FCPTBNL

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

AxisFCPTBNL
Valuation 38 #90 of 145 73 #40 of 145
Growth 79 #31 of 141 65 #50 of 141
Profitability 71 #39 of 134 66 #46 of 134
Financial Health 88 #17 of 138 82 #26 of 138
Shareholder Returns 17 #109 of 131 63 #49 of 131
Overall 59 70
  • FCPT ranked among 149 companies in Property REITs
  • BNL ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodFCPTBNLSPY
1 month -0.2%-9.2% -0.2%
3 months -14.7%-23.3% +3.9%
6 months -13.1%-14.3% +8.2%
Year to date -3.9%-1.2% +12.9%
1 year -8.9%-8.6% +12.3%
3 years +7.6%+24.6% +87.4%
3 years, per year +2.5%+7.6% +23.3%
5 years -24.2%-36.1% +67.9%
5 years, per year -5.4%-8.6% +10.9%
10 years +11.0%— +261.1%
10 years, per year +1.1%— +13.7%

Risk

MeasureFCPTBNLSPY
Volatility, 1Y 20.0%20.1% 12.7%
Downside volatility, 1Y 19.9%21.3% 12.7%
Beta vs S&P 500, 1Y -0.100.00 1.00
Return / volatility, 1Y -0.45-0.43 0.97
Max drawdown, 5Y -31.3%-48.9% -25.4%
From 52-week high -16.3%-24.8% -1.2%
52-week high $26.49$22.82 $779.14
52-week low $21.03$17.17 $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.

MultipleFCPTBNL
P/E now vs peer median 20.5xmedian 26.3x 22.5xmedian 26.3x
P/S now vs peer median 7.9xmedian 4.0x 6.9xmedian 4.0x
EV/EBITDA now vs peer median 15.7xmedian 14.4x —median 14.4x
P/FCF now vs peer median -33.8xmedian 23.3x 10.4xmedian 23.3x
P/B now vs peer median 1.5xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 135.34median 1.91 -4.30median 1.91

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 monthsFCPTBNL
Revenue $306.40M $476.17M
Gross profit $262.29M –
Operating income $126.57M –
Net income $118.71M $148.74M
Free cash flow -$71.90M $317.30M
EPS (diluted) $1.08 $0.73
Cash & equivalents $24.79M $11.10M
Total debt $630.74M $1.68B
Shares (diluted) 109.79M 200.26M
Enterprise value $2.36B $3.28B

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
MetricFCPTBNL
P/E 20.5x 22.5x
P/FCF -33.8x 10.4x
P/Operating cash flow 12.5x 11.6x
P/S 7.9x 6.9x
P/B 1.5x 1.1x
P/Tangible book 1.6x 1.2x
EV/EBITDA 15.7x –
EV/EBIT 24.0x –
EV/Revenue 9.9x 10.4x
EV/FCF -42.3x 15.6x
EV/Operating cash flow 15.6x 17.5x
PEG (3Y EPS CAGR) 135.34 -4.30

Growth

14 metrics
MetricFCPTBNL
Revenue growth (1Y) 9.6% 7.7%
Revenue CAGR (3Y) 9.4% 2.4%
Gross profit growth (1Y) 10.2% –
Gross profit CAGR (3Y) 10.3% –
Operating income growth (1Y) 10.7% –
Operating income CAGR (3Y) 12.1% –
Net income growth (1Y) 12.0% 45.1%
Net income CAGR (3Y) 8.0% -4.3%
EPS growth (1Y) 3.2% 45.1%
EPS CAGR (3Y) 0.2% -5.2%
Operating cash flow growth (1Y) 13.2% 0.4%
Operating cash flow CAGR (3Y) 6.3% 1.0%
Free cash flow growth (1Y) 60.4% 289.5%
Free cash flow CAGR (3Y) 32.1% 104.4%

Profitability

14 metrics
MetricFCPTBNL
Gross margin 85.6% –
EBITDA margin 63.0% –
Operating margin 41.3% –
Pretax margin 24.0% –
Net margin 38.7% 30.6%
FCF margin -23.5% 66.6%
Operating cash flow margin 63.6% 59.4%
Return on equity 7.2% 4.9%
Return on assets 4.0% 2.5%
Return on invested capital 5.6% –
Return on capital employed – –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 1.6x 1.9x
Stock comp / revenue 3.0% 2.2%

Financial Health

11 metrics
MetricFCPTBNL
Debt / assets 21.1% 28.6%
Debt / equity 0.4x 0.6x
Net debt / EBITDA 3.1x –
Debt / FCF -8.8x 5.3x
Liabilities / assets 45.9% 48.7%
Equity / assets 54.1% 51.3%
Interest coverage 2.4x –
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricFCPTBNL
Dividend yield 6.6% 6.8%
Net buyback yield -8.3% –
Shareholder yield -1.7% 6.8%
Payout ratio (earnings) – 147.4%
Payout ratio (FCF) – 69.1%
Dividend growth (1Y) – -0.2%
Dividend CAGR (3Y) – 3.7%

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.

ConsensusFCPTBNL
Forward P/E 20.5xFY2026 23.2xFY2026
EPS, next fiscal year $1.08FY2026 $0.74FY2026
EPS growth, next FY -0.9%FY2026 +48.0%FY2026
EPS growth, the year after +10.2% +2.7%
Revenue, next fiscal year $341.68MFY2026 $469.80MFY2026
Revenue growth, next FY +16.2%FY2026 +3.4%FY2026
Revenue growth, the year after -6.7% +17.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFCPTBNL
Held by institutions 100.0% 98.0%
Institutions holding 350 375
Change in shares held, QoQ +0.4% +30.3%
Institutions buying 179 218
Institutions selling 98 98
Buyers to sellers 1.83 2.22

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.

FCPTBNL
FCPT 1.00 0.69
BNL 0.69 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FCPT and BNL?

Broadstone Net Lease (BNL) is the largest by market capitalisation: Four Corners Property Trust (FCPT) $2.43B, Broadstone Net Lease (BNL) $3.29B.

Which stock is cheaper, FCPT and BNL?

Four Corners Property Trust (FCPT) trades on the lowest price-to-earnings ratio (Four Corners Property Trust (FCPT) 20.5x, Broadstone Net Lease (BNL) 22.5x). On next year's consensus earnings, Four Corners Property Trust (FCPT) is cheapest (Four Corners Property Trust (FCPT) 20.5x, Broadstone Net Lease (BNL) 23.2x). 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: Four Corners Property Trust (FCPT) +9.6%, Broadstone Net Lease (BNL) +7.7%.

Which company is more profitable?

Four Corners Property Trust (FCPT) has the highest net margin (Four Corners Property Trust (FCPT) 38.7%, Broadstone Net Lease (BNL) 30.6%).

Which stock has performed better?

Over the past year Broadstone Net Lease (BNL) returned the most: Four Corners Property Trust (FCPT) -8.9%, Broadstone Net Lease (BNL) -8.6%. Over five years, Four Corners Property Trust (FCPT) compounded fastest (Four Corners Property Trust (FCPT) -5.4%/yr, Broadstone Net Lease (BNL) -8.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Broadstone Net Lease (BNL) has the highest dividend yield: Four Corners Property Trust (FCPT) 6.62%, Broadstone Net Lease (BNL) 6.76%.

Which stock is riskier?

By one-year price volatility, Four Corners Property Trust (FCPT) has been the steadiest (Four Corners Property Trust (FCPT) 20.0%, Broadstone Net Lease (BNL) 20.1%). Volatility measures how widely the price swings, not the risk of the business.

Do FCPT and BNL 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, FCPT and BNL?

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.