vs
Side-by-side financial comparison of Andersons, Inc. (ANDE) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $329.5M, roughly 1.3× Andersons, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 20.5%, a 36.5% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -2.4%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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.
ANDE vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $420.0M |
| Net Profit | $67.4M | $239.4M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | 79.4% |
| Net Margin | 20.5% | 57.0% |
| Revenue YoY | -2.4% | 6.3% |
| Net Profit YoY | 49.6% | 40.5% |
| EPS (diluted) | — | — |
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 | $329.5M | $407.0M | ||
| Q3 25 | $295.8M | $397.6M | ||
| Q2 25 | $535.0M | $394.9M | ||
| Q1 25 | $370.8M | $395.2M | ||
| Q4 24 | $337.5M | $389.6M | ||
| Q3 24 | $231.9M | $385.3M | ||
| Q2 24 | $492.5M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $67.4M | $275.4M | ||
| Q3 25 | $20.1M | $241.2M | ||
| Q2 25 | $7.9M | $151.4M | ||
| Q1 25 | $284.0K | $165.2M | ||
| Q4 24 | $45.1M | $223.6M | ||
| Q3 24 | $27.4M | $184.7M | ||
| Q2 24 | $36.0M | $208.3M |
| Q1 26 | — | — | ||
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 35.6% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 26.6% | 89.3% | ||
| Q3 25 | 8.7% | 84.8% | ||
| Q2 25 | 4.6% | 61.3% | ||
| Q1 25 | 0.9% | 65.5% | ||
| Q4 24 | 19.9% | 79.1% | ||
| Q3 24 | 26.8% | 70.4% | ||
| Q2 24 | 11.6% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 20.5% | 67.6% | ||
| Q3 25 | 6.8% | 60.7% | ||
| Q2 25 | 1.5% | 38.4% | ||
| Q1 25 | 0.1% | 41.8% | ||
| Q4 24 | 13.4% | 57.4% | ||
| Q3 24 | 11.8% | 47.9% | ||
| Q2 24 | 7.3% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.96 | ||
| Q3 25 | $0.59 | $0.85 | ||
| Q2 25 | $0.23 | $0.54 | ||
| Q1 25 | $0.01 | $0.60 | ||
| Q4 24 | $1.31 | $0.79 | ||
| Q3 24 | $0.80 | $0.67 | ||
| Q2 24 | $1.05 | $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 | $98.3M | $274.5M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $5.0B |
| Total Assets | $3.7B | $13.8B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $98.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $561.8M | $560.8M | ||
| Q3 24 | — | $560.8M | ||
| Q2 24 | — | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $560.0M | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $608.2M | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.2B | $4.6B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $1.4B | $4.6B | ||
| Q1 25 | $1.4B | $4.2B | ||
| Q4 24 | $1.4B | $4.3B | ||
| Q3 24 | $1.3B | $4.3B | ||
| Q2 24 | $1.3B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $3.7B | $12.9B | ||
| Q3 25 | $3.3B | $12.8B | ||
| Q2 25 | $3.4B | $12.5B | ||
| Q1 25 | $3.8B | $12.1B | ||
| Q4 24 | $4.1B | $13.1B | ||
| Q3 24 | $3.4B | $12.7B | ||
| Q2 24 | $3.3B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.45× | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 0.45× | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 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 | $-6.2M | — |
| Free Cash FlowOCF − Capex | $-77.1M | — |
| FCF MarginFCF / Revenue | -23.4% | — |
| Capex IntensityCapex / Revenue | 21.5% | — |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.2M | $1.1B | ||
| Q3 25 | $233.9M | $240.3M | ||
| Q2 25 | $299.3M | $293.4M | ||
| Q1 25 | $-350.0M | $252.5M | ||
| Q4 24 | $268.8M | $1.1B | ||
| Q3 24 | $-2.1M | $270.4M | ||
| Q2 24 | $304.4M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-77.1M | — | ||
| Q3 25 | $167.0M | $183.0M | ||
| Q2 25 | $250.5M | $272.3M | ||
| Q1 25 | $-396.6M | $239.6M | ||
| Q4 24 | $212.9M | $1.1B | ||
| Q3 24 | $-40.0M | $261.5M | ||
| Q2 24 | $275.8M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | -23.4% | — | ||
| Q3 25 | 56.5% | 46.0% | ||
| Q2 25 | 46.8% | 69.0% | ||
| Q1 25 | -106.9% | 60.6% | ||
| Q4 24 | 63.1% | 275.3% | ||
| Q3 24 | -17.2% | 67.9% | ||
| Q2 24 | 56.0% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 21.5% | — | ||
| Q3 25 | 22.6% | 14.4% | ||
| Q2 25 | 9.1% | 5.3% | ||
| Q1 25 | 12.6% | 3.3% | ||
| Q4 24 | 16.6% | 0.0% | ||
| Q3 24 | 16.3% | 2.3% | ||
| Q2 24 | 5.8% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | -0.09× | 4.10× | ||
| Q3 25 | 11.61× | 1.00× | ||
| Q2 25 | 38.10× | 1.94× | ||
| Q1 25 | -1232.46× | 1.53× | ||
| Q4 24 | 5.96× | 4.80× | ||
| Q3 24 | -0.08× | 1.46× | ||
| Q2 24 | 8.46× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
GLPI
Segment breakdown not available.
