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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) 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 $351.4M, roughly 1.2× APOGEE ENTERPRISES, INC.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 4.7%, a 52.3% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 1.6%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs GLPI — Head-to-Head
Income Statement — Q4 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $420.0M |
| Net Profit | $16.6M | $239.4M |
| Gross Margin | 22.4% | — |
| Operating Margin | 7.3% | 79.4% |
| Net Margin | 4.7% | 57.0% |
| Revenue YoY | 1.6% | 6.3% |
| Net Profit YoY | 568.8% | 40.5% |
| EPS (diluted) | $0.78 | — |
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 | $351.4M | $420.0M | ||
| Q4 25 | $348.6M | $407.0M | ||
| Q3 25 | $358.2M | $397.6M | ||
| Q2 25 | $346.6M | $394.9M | ||
| Q1 25 | $345.7M | $395.2M | ||
| Q4 24 | $341.3M | $389.6M | ||
| Q3 24 | $342.4M | $385.3M | ||
| Q2 24 | $331.5M | $380.6M |
| Q1 26 | $16.6M | $239.4M | ||
| Q4 25 | $16.5M | $275.4M | ||
| Q3 25 | $23.6M | $241.2M | ||
| Q2 25 | $-2.7M | $151.4M | ||
| Q1 25 | $2.5M | $165.2M | ||
| Q4 24 | $21.0M | $223.6M | ||
| Q3 24 | $30.6M | $184.7M | ||
| Q2 24 | $31.0M | $208.3M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — |
| Q1 26 | 7.3% | 79.4% | ||
| Q4 25 | 7.1% | 89.3% | ||
| Q3 25 | 7.5% | 84.8% | ||
| Q2 25 | 2.0% | 61.3% | ||
| Q1 25 | 1.8% | 65.5% | ||
| Q4 24 | 8.4% | 79.1% | ||
| Q3 24 | 12.3% | 70.4% | ||
| Q2 24 | 12.5% | 77.1% |
| Q1 26 | 4.7% | 57.0% | ||
| Q4 25 | 4.7% | 67.6% | ||
| Q3 25 | 6.6% | 60.7% | ||
| Q2 25 | -0.8% | 38.4% | ||
| Q1 25 | 0.7% | 41.8% | ||
| Q4 24 | 6.1% | 57.4% | ||
| Q3 24 | 8.9% | 47.9% | ||
| Q2 24 | 9.4% | 54.7% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.96 | ||
| Q3 25 | $1.10 | $0.85 | ||
| Q2 25 | $-0.13 | $0.54 | ||
| Q1 25 | $0.12 | $0.60 | ||
| Q4 24 | $0.96 | $0.79 | ||
| Q3 24 | $1.40 | $0.67 | ||
| Q2 24 | $1.41 | $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 | $39.5M | $274.5M |
| Total DebtLower is stronger | $232.3M | — |
| Stockholders' EquityBook value | $511.8M | $5.0B |
| Total Assets | $1.1B | $13.8B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | $274.5M | ||
| Q4 25 | $41.3M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $32.8M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $43.9M | $560.8M | ||
| Q3 24 | $51.0M | $560.8M | ||
| Q2 24 | $30.4M | $560.8M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | $285.0M | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | $511.8M | $5.0B | ||
| Q4 25 | $512.3M | $4.6B | ||
| Q3 25 | $500.2M | $4.6B | ||
| Q2 25 | $481.8M | $4.6B | ||
| Q1 25 | $487.9M | $4.2B | ||
| Q4 24 | $522.1M | $4.3B | ||
| Q3 24 | $506.4M | $4.3B | ||
| Q2 24 | $480.0M | $4.1B |
| Q1 26 | $1.1B | $13.8B | ||
| Q4 25 | $1.1B | $12.9B | ||
| Q3 25 | $1.2B | $12.8B | ||
| Q2 25 | $1.2B | $12.5B | ||
| Q1 25 | $1.2B | $12.1B | ||
| Q4 24 | $1.2B | $13.1B | ||
| Q3 24 | $917.1M | $12.7B | ||
| Q2 24 | $889.0M | $11.8B |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | 0.58× | 1.63× | ||
| Q4 24 | — | 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 | $122.5M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 7.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $1.1B | ||
| Q3 25 | $57.1M | $240.3M | ||
| Q2 25 | $-19.8M | $293.4M | ||
| Q1 25 | $30.0M | $252.5M | ||
| Q4 24 | $31.0M | $1.1B | ||
| Q3 24 | $58.7M | $270.4M | ||
| Q2 24 | $5.5M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | — | ||
| Q3 25 | $52.4M | $183.0M | ||
| Q2 25 | $-26.9M | $272.3M | ||
| Q1 25 | $19.1M | $239.6M | ||
| Q4 24 | $22.0M | $1.1B | ||
| Q3 24 | $50.2M | $261.5M | ||
| Q2 24 | $-1.8M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | — | ||
| Q3 25 | 14.6% | 46.0% | ||
| Q2 25 | -7.8% | 69.0% | ||
| Q1 25 | 5.5% | 60.6% | ||
| Q4 24 | 6.4% | 275.3% | ||
| Q3 24 | 14.7% | 67.9% | ||
| Q2 24 | -0.5% | 64.4% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.3% | 14.4% | ||
| Q2 25 | 2.1% | 5.3% | ||
| Q1 25 | 3.2% | 3.3% | ||
| Q4 24 | 2.6% | 0.0% | ||
| Q3 24 | 2.5% | 2.3% | ||
| Q2 24 | 2.2% | 1.9% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 4.10× | ||
| Q3 25 | 2.41× | 1.00× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | 12.08× | 1.53× | ||
| Q4 24 | 1.48× | 4.80× | ||
| Q3 24 | 1.92× | 1.46× | ||
| Q2 24 | 0.18× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
GLPI
Segment breakdown not available.
