Four Corners Property Trust (FRA:4Z1) Operating Income: €144.8 Mil (TTM As of Mar. 2026)

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FRA:4Z1 Four Corners Property Trust Inc FRA:4Z1
81 GF Score
Price €22.20
GF Value €21.87
Valuation Fairly Valued
! 7 Warning Signs
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What is Four Corners Property Trust Operating Income?

Four Corners Property Trust FRA:4Z1 -2.63% 81 Operating Income is €144.8 Mil as of Mar. 2026. GuruFocus rates FRA:4Z1 with a GF Score™ of 81/100 and a GF Value™ of €21.87 (Fairly Valued). The stock has 7 warning signs investors should review.

Four Corners Property Trust's Operating Income for the three months ended in Mar. 2026 was €37.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €144.8 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Four Corners Property Trust's Operating Income for the three months ended in Mar. 2026 was €37.4 Mil. Four Corners Property Trust's Revenue for the three months ended in Mar. 2026 was €67.6 Mil. Therefore, Four Corners Property Trust's Operating Margin % for the quarter that ended in Mar. 2026 was 55.32%.

Warning Sign:

Four Corners Property Trust Inc operating margin has been in a 5-year decline. The average rate of decline per year is -2.2%.

Four Corners Property Trust's 5-Year average Growth Rate for Operating Margin % was -2.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Four Corners Property Trust's annualized ROC % for the quarter that ended in Mar. 2026 was 5.94%. Four Corners Property Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3,700.71%.


Four Corners Property Trust  (FRA:4Z1) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Four Corners Property Trust's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=149.62 * ( 1 - 0.32% )/( (2491.76 + 2533.647)/ 2 )
=149.141216/2512.7035
=5.94 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Four Corners Property Trust's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=150.804/( ( (4.097 + max(-52.406, 0)) + (4.053 + max(-52.237, 0)) )/ 2 )
=150.804/( ( 4.097 + 4.053 )/ 2 )
=150.804/4.075
=3,700.71 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.956 + 0.21 + 2.322) - (44.575 + 15.32 + -0.0010000000000048)
=-52.406

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.446 + 0.205 + 3.595) - (46.321 + 14.162 + 0)
=-52.237

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Four Corners Property Trust's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=37.405/67.614
=55.32 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Four Corners Property Trust Operating Income Related Terms


Four Corners Property Trust Operating Income Historical Data

* Premium members only.

The historical data trend for Four Corners Property Trust's Operating Income can be seen below:

* 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.

Four Corners Property Trust Operating Income Chart

Four Corners Property Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.81 118.82 125.57 142.46 139.94

Four Corners Property Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.69 35.58 35.51 36.35 37.41
FRA:4Z1
81GF Score
Four Corners Property Trust Inc FRA:4Z1
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Four Corners Property Trust Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €144.8 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €144.8 Mil mean?
Four Corners Property Trust (FRA:4Z1) has a Operating Income of €144.8 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Four Corners Property Trust and its competitors.
Is Four Corners Property Trust's Operating Income too high?
Four Corners Property Trust's current Operating Income is €144.8 Mil. 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 Operating Income compare to IVT and UE?
Four Corners Property Trust's Operating Income of €144.8 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a REITs company?
A good Operating Income depends on the REITs industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Four Corners Property Trust and its competitors. Four Corners Property Trust's current Operating Income is €144.8 Mil. 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 (FRA:4Z1) is currently considered Fairly Valued. The stock's GF Value™ is €21.87, compared to a current price of €22.20 — trading 1.5% above its estimated fair value. The current Operating Income is €144.8 Mil. 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 Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Four Corners Property Trust (FRA:4Z1), the current Operating Income is €144.8 Mil 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 (FRA:4Z1) Overvalued in 2026?

Based on GuruFocus' analysis, Four Corners Property Trust stock appears to be overvalued. The current stock price of €22.20 is trading 1.5% above its estimated GF Value™ of €21.87. GuruFocus considers Four Corners Property Trust to be Fairly Valued.

Key valuation signals for FRA:4Z1:

  • Operating Income: €144.8 Mil
  • GF Value™: €21.87 vs. price of €22.20 (1.5% above fair value)
  • GF Score™: 81/100 with 7 warning signs

No single metric tells the full story. See the FRA:4Z1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Four Corners Property Trust Business Description

Industry Real EstateREITs
Other Exchanges FCPT:USA4Z1:Germany
Address 591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
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

Get the complete analysis for FRA:4Z1

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.20
Price
€21.87
GF Value