Four Corners Property TrustFCPT -0.52%81 Operating Margin % is 55.32% as of Mar. 2026, which is 7% below its 10-year median of 59.50. GuruFocus rates FCPT with a GF Score™ of 81/100 and a GF Value™ of $25.50 (Fairly Valued). The stock has 7 warning signs investors should review. Among 749 REITs companies, Four Corners Property Trust ranks better than 56.07% on this metric.
Four Corners Property Trust (NYSE:FCPT) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
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 Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) 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 Margin % Related Terms
Four Corners Property Trust Operating 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.
Four Corners Property Trust Operating Margin % Chart
FCPT vs UE, IVT, AKR: Operating Margin % Comparison
For the REIT - Retail subindustry, Four Corners Property Trust's Operating Margin %, along with its competitors' market caps and Operating 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 Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Four Corners Property Trust's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Four Corners Property Trust's Operating Margin % falls into.
Four Corners Property Trust Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Four Corners Property Trust's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (FCPT) has a Operating Margin % of 55.32% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Four Corners Property Trust and its competitors. This is near median its historical median of 59.50. Over the past decade, Four Corners Property Trust's Operating Margin % has ranged from 54.64 to 62.52. According to the industry distribution chart, Four Corners Property Trust ranks #329 out of 749 companies in the REITs industry, placing it in the top 43.9%.
Is Four Corners Property Trust's Operating Margin % too high?
Four Corners Property Trust's current Operating Margin % of 55.32% is near median its 10-year median of 59.50. Over the past 10 years, this metric has ranged from a low of 54.64 to a high of 62.52. The REITs industry median Operating Margin % is 52.71. Four Corners Property Trust's value of 55.32% is 5% above this industry median. Based on the distribution chart, Four Corners Property Trust ranks #329 out of 749 companies in the REITs industry, which is above the industry midpoint. 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 Margin % compare to UE and IVT?
According to the REITs industry distribution chart, Four Corners Property Trust ranks #329 out of 749 companies for Operating Margin %. This puts Four Corners Property Trust in the upper half of its industry. The industry median Operating Margin % is 52.71. Four Corners Property Trust's value of 55.32% is 5% above this benchmark. Historically, Four Corners Property Trust's own Operating Margin % has ranged from 54.64 to 62.52 over the past decade. While the company's 10-year median is 59.50 vs. the industry median of 52.71, 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.71, based on 749 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Four Corners Property Trust's current Operating Margin % of 55.32% is 5% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Four Corners Property Trust and its competitors. For the REITs industry, the median Operating Margin % is 52.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Four Corners Property Trust's current Operating Margin % is 55.32%, which is near median its own 10-year median of 59.50. 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 Operating Margin % is 55.32%, which is near median its 10-year median of 59.50 and 5% above the REITs industry median of 52.71. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Four Corners Property Trust (FCPT), the current Operating Margin % is 55.32% 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:
Operating Margin %: 55.32% (near median its 10-year median of 59.50)
GF Value™: $25.50 vs. price of $25.02 (1.9% below fair value)
Industry Position: 5% above the REITs median (#329 of 749)
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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