Four Corners Property Trust (NYSE:FCPT) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Four Corners Property Trust had a gross margin of 85.60% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Four Corners Property Trust Gross Margin % Related Terms
Four Corners Property Trust Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Retail subindustry, Four Corners Property Trust's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Four Corners Property Trust Gross Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Four Corners Property Trust's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Four Corners Property Trust's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Four Corners Property Trust (FCPT) has a Gross Margin % of 85.60% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Four Corners Property Trust and its competitors. This is near median its historical median of 85.49. Over the past decade, Four Corners Property Trust's Gross Margin % has ranged from 83.94 to 88.54. According to the industry distribution chart, Four Corners Property Trust ranks #154 out of 680 companies in the REITs industry, placing it in the top 22.6%.
Is Four Corners Property Trust's Gross Margin % too high?
Four Corners Property Trust's current Gross Margin % of 85.60% is near median its 10-year median of 85.49. Over the past 10 years, this metric has ranged from a low of 83.94 to a high of 88.54. The REITs industry median Gross Margin % is 69.71. Four Corners Property Trust's value of 85.60% is 22.8% above this industry median. Based on the distribution chart, Four Corners Property Trust ranks #154 out of 680 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Four Corners Property Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Corners Property Trust's Gross Margin % compare to UE and IVT?
According to the REITs industry distribution chart, Four Corners Property Trust ranks #154 out of 680 companies for Gross Margin %. This places Four Corners Property Trust in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 69.71. Four Corners Property Trust's value of 85.60% is 22.8% above this benchmark. Historically, Four Corners Property Trust's own Gross Margin % has ranged from 83.94 to 88.54 over the past decade. While the company's 10-year median is 85.49 vs. the industry median of 69.71, Four Corners Property Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a REITs company?
The median Gross Margin % among REITs companies is 69.71, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Four Corners Property Trust's current Gross Margin % of 85.60% is 22.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Four Corners Property Trust and its competitors. For the REITs industry, the median Gross Margin % is 69.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Four Corners Property Trust's current Gross Margin % is 85.60%, which is near median its own 10-year median of 85.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Corners Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Four Corners Property Trust (FCPT) is currently considered Fairly Valued. The stock's GF Value™ is $25.50, compared to a current price of $25.02 — trading 1.9% below its estimated fair value. The current Gross Margin % is 85.60%, which is near median its 10-year median of 85.49 and 22.8% above the REITs industry median of 69.71. Four Corners Property Trust's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Four Corners Property Trust (FCPT), the current Gross Margin % is 85.60% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Four Corners Property Trust (FCPT) Overvalued in 2026?
Based on GuruFocus' analysis, Four Corners Property Trust stock appears to be undervalued.
The current stock price of $25.02 is trading 1.9% below its estimated GF Value™ of $25.50.
GuruFocus considers Four Corners Property Trust to be Fairly Valued.
Key valuation signals for FCPT:
Gross Margin %: 85.60% (near median its 10-year median of 85.49)
GF Value™: $25.50 vs. price of $25.02 (1.9% below fair value)
Industry Position: 22.8% above the REITs median (#154 of 680)
No single metric tells the full story. See the FCPT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Four Corners Property Trust Inc is a real estate investment trust predominantly 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. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
81GF Score
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