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Side-by-side financial comparison of Arhaus, Inc. (ARHS) 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 $364.8M, roughly 1.2× Arhaus, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 4.1%, a 52.9% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 5.1%). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs 5.0%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
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.
ARHS vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $420.0M |
| Net Profit | $15.1M | $239.4M |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | 79.4% |
| Net Margin | 4.1% | 57.0% |
| Revenue YoY | 5.1% | 6.3% |
| Net Profit YoY | -29.1% | 40.5% |
| EPS (diluted) | $0.11 | — |
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 | $364.8M | $407.0M | ||
| Q3 25 | $344.6M | $397.6M | ||
| Q2 25 | $358.4M | $394.9M | ||
| Q1 25 | $311.4M | $395.2M | ||
| Q4 24 | $347.0M | $389.6M | ||
| Q3 24 | $319.1M | $385.3M | ||
| Q2 24 | $309.8M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $15.1M | $275.4M | ||
| Q3 25 | $12.2M | $241.2M | ||
| Q2 25 | $35.1M | $151.4M | ||
| Q1 25 | $4.9M | $165.2M | ||
| Q4 24 | $21.3M | $223.6M | ||
| Q3 24 | $9.9M | $184.7M | ||
| Q2 24 | $22.2M | $208.3M |
| Q1 26 | — | — | ||
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 5.6% | 89.3% | ||
| Q3 25 | 4.8% | 84.8% | ||
| Q2 25 | 13.0% | 61.3% | ||
| Q1 25 | 1.7% | 65.5% | ||
| Q4 24 | 8.2% | 79.1% | ||
| Q3 24 | 3.3% | 70.4% | ||
| Q2 24 | 9.5% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 4.1% | 67.6% | ||
| Q3 25 | 3.5% | 60.7% | ||
| Q2 25 | 9.8% | 38.4% | ||
| Q1 25 | 1.6% | 41.8% | ||
| Q4 24 | 6.1% | 57.4% | ||
| Q3 24 | 3.1% | 47.9% | ||
| Q2 24 | 7.2% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.11 | $0.96 | ||
| Q3 25 | $0.09 | $0.85 | ||
| Q2 25 | $0.25 | $0.54 | ||
| Q1 25 | $0.03 | $0.60 | ||
| Q4 24 | $0.15 | $0.79 | ||
| Q3 24 | $0.07 | $0.67 | ||
| Q2 24 | $0.16 | $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 | $253.4M | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $5.0B |
| Total Assets | $1.4B | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $253.4M | — | ||
| Q3 25 | $262.2M | — | ||
| Q2 25 | $234.8M | — | ||
| Q1 25 | $214.4M | — | ||
| Q4 24 | $197.5M | $560.8M | ||
| Q3 24 | $177.7M | $560.8M | ||
| Q2 24 | $174.2M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $418.2M | $4.6B | ||
| Q3 25 | $400.4M | $4.6B | ||
| Q2 25 | $385.6M | $4.6B | ||
| Q1 25 | $348.8M | $4.2B | ||
| Q4 24 | $343.7M | $4.3B | ||
| Q3 24 | $320.6M | $4.3B | ||
| Q2 24 | $309.3M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.4B | $12.9B | ||
| Q3 25 | $1.4B | $12.8B | ||
| Q2 25 | $1.3B | $12.5B | ||
| Q1 25 | $1.3B | $12.1B | ||
| Q4 24 | $1.2B | $13.1B | ||
| Q3 24 | $1.2B | $12.7B | ||
| Q2 24 | $1.2B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 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 | $9.3M | — |
| Free Cash FlowOCF − Capex | $-8.8M | — |
| FCF MarginFCF / Revenue | -2.4% | — |
| Capex IntensityCapex / Revenue | 5.0% | — |
| Cash ConversionOCF / Net Profit | 0.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.3M | $1.1B | ||
| Q3 25 | $46.1M | $240.3M | ||
| Q2 25 | $34.9M | $293.4M | ||
| Q1 25 | $46.5M | $252.5M | ||
| Q4 24 | $31.7M | $1.1B | ||
| Q3 24 | $31.1M | $270.4M | ||
| Q2 24 | $47.5M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.8M | — | ||
| Q3 25 | $28.0M | $183.0M | ||
| Q2 25 | $20.9M | $272.3M | ||
| Q1 25 | $18.9M | $239.6M | ||
| Q4 24 | $13.0M | $1.1B | ||
| Q3 24 | $4.6M | $261.5M | ||
| Q2 24 | $11.3M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.1% | 46.0% | ||
| Q2 25 | 5.8% | 69.0% | ||
| Q1 25 | 6.1% | 60.6% | ||
| Q4 24 | 3.7% | 275.3% | ||
| Q3 24 | 1.4% | 67.9% | ||
| Q2 24 | 3.6% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.3% | 14.4% | ||
| Q2 25 | 3.9% | 5.3% | ||
| Q1 25 | 8.9% | 3.3% | ||
| Q4 24 | 5.4% | 0.0% | ||
| Q3 24 | 8.3% | 2.3% | ||
| Q2 24 | 11.7% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | 4.10× | ||
| Q3 25 | 3.77× | 1.00× | ||
| Q2 25 | 1.00× | 1.94× | ||
| Q1 25 | 9.53× | 1.53× | ||
| Q4 24 | 1.49× | 4.80× | ||
| Q3 24 | 3.14× | 1.46× | ||
| Q2 24 | 2.14× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
GLPI
Segment breakdown not available.
