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Side-by-side financial comparison of BIOCRYST PHARMACEUTICALS INC (BCRX) 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 $406.6M, roughly 1.0× BIOCRYST PHARMACEUTICALS INC). BIOCRYST PHARMACEUTICALS INC runs the higher net margin — 60.5% vs 57.0%, a 3.5% gap on every dollar of revenue. On growth, BIOCRYST PHARMACEUTICALS INC posted the faster year-over-year revenue change (209.1% vs 6.3%). Over the past eight quarters, BIOCRYST PHARMACEUTICALS INC's revenue compounded faster (109.4% CAGR vs 5.0%).

BioCryst Pharmaceuticals, Inc. is an American pharmaceutical company headquartered in Durham, North Carolina. The company is a late stage biotech company that focuses on oral drugs for rare and serious diseases. BioCryst's antiviral drug peramivir (Rapivab) was approved by FDA in December 2014. It has also been approved in Japan, Korea, and China.

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.

BCRX vs GLPI — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.0× larger
GLPI
$420.0M
$406.6M
BCRX
Growing faster (revenue YoY)
BCRX
BCRX
+202.8% gap
BCRX
209.1%
6.3%
GLPI
Higher net margin
BCRX
BCRX
3.5% more per $
BCRX
60.5%
57.0%
GLPI
Faster 2-yr revenue CAGR
BCRX
BCRX
Annualised
BCRX
109.4%
5.0%
GLPI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCRX
BCRX
GLPI
GLPI
Revenue
$406.6M
$420.0M
Net Profit
$245.8M
$239.4M
Gross Margin
97.7%
Operating Margin
64.0%
79.4%
Net Margin
60.5%
57.0%
Revenue YoY
209.1%
6.3%
Net Profit YoY
1017.5%
40.5%
EPS (diluted)
$1.13

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.

Revenue
BCRX
BCRX
GLPI
GLPI
Q1 26
$420.0M
Q4 25
$406.6M
$407.0M
Q3 25
$159.4M
$397.6M
Q2 25
$163.4M
$394.9M
Q1 25
$145.5M
$395.2M
Q4 24
$131.5M
$389.6M
Q3 24
$117.1M
$385.3M
Q2 24
$109.3M
$380.6M
Net Profit
BCRX
BCRX
GLPI
GLPI
Q1 26
$239.4M
Q4 25
$245.8M
$275.4M
Q3 25
$12.9M
$241.2M
Q2 25
$5.1M
$151.4M
Q1 25
$32.0K
$165.2M
Q4 24
$-26.8M
$223.6M
Q3 24
$-14.0M
$184.7M
Q2 24
$-12.7M
$208.3M
Gross Margin
BCRX
BCRX
GLPI
GLPI
Q1 26
Q4 25
97.7%
Q3 25
98.6%
Q2 25
98.3%
Q1 25
96.9%
Q4 24
95.4%
Q3 24
97.3%
Q2 24
98.4%
Operating Margin
BCRX
BCRX
GLPI
GLPI
Q1 26
79.4%
Q4 25
64.0%
89.3%
Q3 25
18.6%
84.8%
Q2 25
18.2%
61.3%
Q1 25
14.6%
65.5%
Q4 24
-3.4%
79.1%
Q3 24
6.6%
70.4%
Q2 24
8.0%
77.1%
Net Margin
BCRX
BCRX
GLPI
GLPI
Q1 26
57.0%
Q4 25
60.5%
67.6%
Q3 25
8.1%
60.7%
Q2 25
3.1%
38.4%
Q1 25
0.0%
41.8%
Q4 24
-20.4%
57.4%
Q3 24
-12.0%
47.9%
Q2 24
-11.6%
54.7%
EPS (diluted)
BCRX
BCRX
GLPI
GLPI
Q1 26
Q4 25
$1.13
$0.96
Q3 25
$0.06
$0.85
Q2 25
$0.02
$0.54
Q1 25
$0.00
$0.60
Q4 24
$-0.13
$0.79
Q3 24
$-0.07
$0.67
Q2 24
$-0.06
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BCRX
BCRX
GLPI
GLPI
Cash + ST InvestmentsLiquidity on hand
$274.7M
$274.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-119.2M
$5.0B
Total Assets
$514.2M
$13.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCRX
BCRX
GLPI
GLPI
Q1 26
$274.5M
Q4 25
$274.7M
Q3 25
$212.9M
Q2 25
$260.0M
Q1 25
$295.1M
Q4 24
$320.9M
$560.8M
Q3 24
$96.8M
$560.8M
Q2 24
$78.4M
$560.8M
Total Debt
BCRX
BCRX
GLPI
GLPI
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
Stockholders' Equity
BCRX
BCRX
GLPI
GLPI
Q1 26
$5.0B
Q4 25
$-119.2M
$4.6B
Q3 25
$-387.9M
$4.6B
Q2 25
$-421.6M
$4.6B
Q1 25
$-451.9M
$4.2B
Q4 24
$-475.9M
$4.3B
Q3 24
$-468.6M
$4.3B
Q2 24
$-475.6M
$4.1B
Total Assets
BCRX
BCRX
GLPI
GLPI
Q1 26
$13.8B
Q4 25
$514.2M
$12.9B
Q3 25
$446.4M
$12.8B
Q2 25
$457.2M
$12.5B
Q1 25
$480.0M
$12.1B
Q4 24
$490.4M
$13.1B
Q3 24
$491.3M
$12.7B
Q2 24
$472.4M
$11.8B
Debt / Equity
BCRX
BCRX
GLPI
GLPI
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
BCRX
BCRX
GLPI
GLPI
Operating Cash FlowLast quarter
$292.0M
Free Cash FlowOCF − Capex
$291.2M
FCF MarginFCF / Revenue
71.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$344.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCRX
BCRX
GLPI
GLPI
Q1 26
Q4 25
$292.0M
$1.1B
Q3 25
$41.6M
$240.3M
Q2 25
$41.3M
$293.4M
Q1 25
$-27.5M
$252.5M
Q4 24
$-5.2M
$1.1B
Q3 24
$8.2M
$270.4M
Q2 24
$-1.4M
$252.1M
Free Cash Flow
BCRX
BCRX
GLPI
GLPI
Q1 26
Q4 25
$291.2M
Q3 25
$40.3M
$183.0M
Q2 25
$41.1M
$272.3M
Q1 25
$-27.7M
$239.6M
Q4 24
$-5.9M
$1.1B
Q3 24
$8.2M
$261.5M
Q2 24
$-1.5M
$245.0M
FCF Margin
BCRX
BCRX
GLPI
GLPI
Q1 26
Q4 25
71.6%
Q3 25
25.3%
46.0%
Q2 25
25.2%
69.0%
Q1 25
-19.0%
60.6%
Q4 24
-4.5%
275.3%
Q3 24
7.0%
67.9%
Q2 24
-1.4%
64.4%
Capex Intensity
BCRX
BCRX
GLPI
GLPI
Q1 26
Q4 25
0.2%
Q3 25
0.8%
14.4%
Q2 25
0.1%
5.3%
Q1 25
0.1%
3.3%
Q4 24
0.5%
0.0%
Q3 24
0.1%
2.3%
Q2 24
0.1%
1.9%
Cash Conversion
BCRX
BCRX
GLPI
GLPI
Q1 26
Q4 25
1.19×
4.10×
Q3 25
3.23×
1.00×
Q2 25
8.12×
1.94×
Q1 25
-859.91×
1.53×
Q4 24
4.80×
Q3 24
1.46×
Q2 24
1.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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