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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Allegiant Travel CO is the larger business by last-quarter revenue ($595.5M vs $420.0M, roughly 1.4× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 5.4%, a 51.6% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (7.6% vs 6.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 1.3%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
ALGT vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $420.0M |
| Net Profit | $31.9M | $239.4M |
| Gross Margin | — | — |
| Operating Margin | 11.2% | 79.4% |
| Net Margin | 5.4% | 57.0% |
| Revenue YoY | 7.6% | 6.3% |
| Net Profit YoY | 114.8% | 40.5% |
| EPS (diluted) | $1.82 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $420.0M | ||
| Q4 25 | $595.5M | $407.0M | ||
| Q3 25 | $494.1M | $397.6M | ||
| Q2 25 | $617.9M | $394.9M | ||
| Q1 25 | $616.8M | $395.2M | ||
| Q4 24 | $553.6M | $389.6M | ||
| Q3 24 | $489.0M | $385.3M | ||
| Q2 24 | $594.5M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $31.9M | $275.4M | ||
| Q3 25 | $-43.6M | $241.2M | ||
| Q2 25 | $-65.2M | $151.4M | ||
| Q1 25 | $32.1M | $165.2M | ||
| Q4 24 | $-216.2M | $223.6M | ||
| Q3 24 | $-36.8M | $184.7M | ||
| Q2 24 | $13.7M | $208.3M |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 11.2% | 89.3% | ||
| Q3 25 | -5.5% | 84.8% | ||
| Q2 25 | -10.9% | 61.3% | ||
| Q1 25 | 10.5% | 65.5% | ||
| Q4 24 | -47.7% | 79.1% | ||
| Q3 24 | -5.4% | 70.4% | ||
| Q2 24 | 5.9% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 5.4% | 67.6% | ||
| Q3 25 | -8.8% | 60.7% | ||
| Q2 25 | -10.5% | 38.4% | ||
| Q1 25 | 5.2% | 41.8% | ||
| Q4 24 | -39.1% | 57.4% | ||
| Q3 24 | -7.5% | 47.9% | ||
| Q2 24 | 2.3% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $1.82 | $0.96 | ||
| Q3 25 | $-2.41 | $0.85 | ||
| Q2 25 | $-3.62 | $0.54 | ||
| Q1 25 | $1.73 | $0.60 | ||
| Q4 24 | $-12.12 | $0.79 | ||
| Q3 24 | $-2.05 | $0.67 | ||
| Q2 24 | $0.75 | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $805.7M | $274.5M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.1B | $5.0B |
| Total Assets | $4.2B | $13.8B |
| Debt / EquityLower = less leverage | 1.60× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $805.7M | — | ||
| Q3 25 | $956.7M | — | ||
| Q2 25 | $842.8M | — | ||
| Q1 25 | $878.6M | — | ||
| Q4 24 | $781.1M | $560.8M | ||
| Q3 24 | $759.3M | $560.8M | ||
| Q2 24 | $791.9M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $7.2B | ||
| Q3 25 | $1.8B | $7.2B | ||
| Q2 25 | $1.8B | $6.9B | ||
| Q1 25 | $1.7B | $6.9B | ||
| Q4 24 | $1.6B | $7.7B | ||
| Q3 24 | $1.8B | $7.4B | ||
| Q2 24 | $1.7B | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.1B | $4.6B | ||
| Q3 25 | $1.0B | $4.6B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $1.1B | $4.2B | ||
| Q4 24 | $1.1B | $4.3B | ||
| Q3 24 | $1.3B | $4.3B | ||
| Q2 24 | $1.3B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $4.2B | $12.9B | ||
| Q3 25 | $4.4B | $12.8B | ||
| Q2 25 | $4.4B | $12.5B | ||
| Q1 25 | $4.5B | $12.1B | ||
| Q4 24 | $4.4B | $13.1B | ||
| Q3 24 | $4.8B | $12.7B | ||
| Q2 24 | $4.9B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 1.56× | ||
| Q3 25 | 1.76× | 1.57× | ||
| Q2 25 | 1.68× | 1.51× | ||
| Q1 25 | 1.57× | 1.63× | ||
| Q4 24 | 1.48× | 1.81× | ||
| Q3 24 | 1.36× | 1.74× | ||
| Q2 24 | 1.30× | 1.60× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $112.2M | — |
| Free Cash FlowOCF − Capex | $90.4M | — |
| FCF MarginFCF / Revenue | 15.2% | — |
| Capex IntensityCapex / Revenue | 3.7% | — |
| Cash ConversionOCF / Net Profit | 3.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $1.1B | ||
| Q3 25 | $-6.1M | $240.3M | ||
| Q2 25 | $92.2M | $293.4M | ||
| Q1 25 | $191.4M | $252.5M | ||
| Q4 24 | $84.4M | $1.1B | ||
| Q3 24 | $17.3M | $270.4M | ||
| Q2 24 | $68.9M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | — | ||
| Q3 25 | $-121.7M | $183.0M | ||
| Q2 25 | $-10.5M | $272.3M | ||
| Q1 25 | $116.9M | $239.6M | ||
| Q4 24 | $24.0M | $1.1B | ||
| Q3 24 | $-28.7M | $261.5M | ||
| Q2 24 | $7.0M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | — | ||
| Q3 25 | -24.6% | 46.0% | ||
| Q2 25 | -1.7% | 69.0% | ||
| Q1 25 | 19.0% | 60.6% | ||
| Q4 24 | 4.3% | 275.3% | ||
| Q3 24 | -5.9% | 67.9% | ||
| Q2 24 | 1.2% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 23.4% | 14.4% | ||
| Q2 25 | 16.6% | 5.3% | ||
| Q1 25 | 12.1% | 3.3% | ||
| Q4 24 | 10.9% | 0.0% | ||
| Q3 24 | 9.4% | 2.3% | ||
| Q2 24 | 10.4% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | 4.10× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | 5.96× | 1.53× | ||
| Q4 24 | — | 4.80× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | 5.03× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
GLPI
Segment breakdown not available.
