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Side-by-side financial comparison of BENCHMARK ELECTRONICS INC (BHE) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.

BENCHMARK ELECTRONICS INC is the larger business by last-quarter revenue ($677.3M vs $420.0M, roughly 1.6× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 1.9%, a 55.1% gap on every dollar of revenue. On growth, BENCHMARK ELECTRONICS INC posted the faster year-over-year revenue change (11.4% vs 6.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -0.7%).

Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.

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.

BHE vs GLPI — Head-to-Head

Bigger by revenue
BHE
BHE
1.6× larger
BHE
$677.3M
$420.0M
GLPI
Growing faster (revenue YoY)
BHE
BHE
+5.1% gap
BHE
11.4%
6.3%
GLPI
Higher net margin
GLPI
GLPI
55.1% more per $
GLPI
57.0%
1.9%
BHE
Faster 2-yr revenue CAGR
GLPI
GLPI
Annualised
GLPI
5.0%
-0.7%
BHE

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BHE
BHE
GLPI
GLPI
Revenue
$677.3M
$420.0M
Net Profit
$13.0M
$239.4M
Gross Margin
10.2%
Operating Margin
3.2%
79.4%
Net Margin
1.9%
57.0%
Revenue YoY
11.4%
6.3%
Net Profit YoY
257.4%
40.5%
EPS (diluted)
$0.17

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
BHE
BHE
GLPI
GLPI
Q1 26
$677.3M
$420.0M
Q4 25
$725.8M
$407.0M
Q3 25
$702.6M
$397.6M
Q2 25
$665.7M
$394.9M
Q1 25
$654.6M
$395.2M
Q4 24
$683.6M
$389.6M
Q3 24
$680.0M
$385.3M
Q2 24
$686.7M
$380.6M
Net Profit
BHE
BHE
GLPI
GLPI
Q1 26
$13.0M
$239.4M
Q4 25
$275.4M
Q3 25
$14.3M
$241.2M
Q2 25
$972.0K
$151.4M
Q1 25
$3.6M
$165.2M
Q4 24
$223.6M
Q3 24
$15.4M
$184.7M
Q2 24
$15.5M
$208.3M
Gross Margin
BHE
BHE
GLPI
GLPI
Q1 26
10.2%
Q4 25
10.2%
Q3 25
9.7%
Q2 25
9.7%
Q1 25
9.7%
Q4 24
9.9%
Q3 24
9.8%
Q2 24
9.9%
Operating Margin
BHE
BHE
GLPI
GLPI
Q1 26
3.2%
79.4%
Q4 25
2.8%
89.3%
Q3 25
3.4%
84.8%
Q2 25
3.1%
61.3%
Q1 25
1.8%
65.5%
Q4 24
4.2%
79.1%
Q3 24
4.1%
70.4%
Q2 24
4.0%
77.1%
Net Margin
BHE
BHE
GLPI
GLPI
Q1 26
1.9%
57.0%
Q4 25
67.6%
Q3 25
2.0%
60.7%
Q2 25
0.1%
38.4%
Q1 25
0.6%
41.8%
Q4 24
57.4%
Q3 24
2.3%
47.9%
Q2 24
2.3%
54.7%
EPS (diluted)
BHE
BHE
GLPI
GLPI
Q1 26
$0.17
Q4 25
$0.16
$0.96
Q3 25
$0.39
$0.85
Q2 25
$0.03
$0.54
Q1 25
$0.10
$0.60
Q4 24
$0.43
$0.79
Q3 24
$0.42
$0.67
Q2 24
$0.43
$0.77

Balance Sheet & Financial Strength

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

Metric
BHE
BHE
GLPI
GLPI
Cash + ST InvestmentsLiquidity on hand
$324.9M
$274.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
Total Assets
$2.1B
$13.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHE
BHE
GLPI
GLPI
Q1 26
$324.9M
$274.5M
Q4 25
$322.1M
Q3 25
$285.4M
Q2 25
$264.6M
Q1 25
$355.3M
Q4 24
$315.2M
$560.8M
Q3 24
$324.4M
$560.8M
Q2 24
$309.3M
$560.8M
Total Debt
BHE
BHE
GLPI
GLPI
Q1 26
Q4 25
$206.8M
$7.2B
Q3 25
$212.6M
$7.2B
Q2 25
$203.4M
$6.9B
Q1 25
$268.9M
$6.9B
Q4 24
$250.5M
$7.7B
Q3 24
$272.0M
$7.4B
Q2 24
$283.6M
$6.6B
Stockholders' Equity
BHE
BHE
GLPI
GLPI
Q1 26
$5.0B
Q4 25
$1.1B
$4.6B
Q3 25
$1.1B
$4.6B
Q2 25
$1.1B
$4.6B
Q1 25
$1.1B
$4.2B
Q4 24
$1.1B
$4.3B
Q3 24
$1.1B
$4.3B
Q2 24
$1.1B
$4.1B
Total Assets
BHE
BHE
GLPI
GLPI
Q1 26
$2.1B
$13.8B
Q4 25
$2.1B
$12.9B
Q3 25
$2.1B
$12.8B
Q2 25
$2.0B
$12.5B
Q1 25
$2.1B
$12.1B
Q4 24
$2.1B
$13.1B
Q3 24
$2.1B
$12.7B
Q2 24
$2.2B
$11.8B
Debt / Equity
BHE
BHE
GLPI
GLPI
Q1 26
Q4 25
0.19×
1.56×
Q3 25
0.19×
1.57×
Q2 25
0.18×
1.51×
Q1 25
0.24×
1.63×
Q4 24
0.23×
1.81×
Q3 24
0.25×
1.74×
Q2 24
0.26×
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
BHE
BHE
GLPI
GLPI
Operating Cash FlowLast quarter
$47.0M
Free Cash FlowOCF − Capex
$48.1M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.61×
TTM Free Cash FlowTrailing 4 quarters
$108.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHE
BHE
GLPI
GLPI
Q1 26
$47.0M
Q4 25
$58.7M
$1.1B
Q3 25
$36.6M
$240.3M
Q2 25
$-2.8M
$293.4M
Q1 25
$31.5M
$252.5M
Q4 24
$45.9M
$1.1B
Q3 24
$39.0M
$270.4M
Q2 24
$55.8M
$252.1M
Free Cash Flow
BHE
BHE
GLPI
GLPI
Q1 26
$48.1M
Q4 25
$48.2M
Q3 25
$25.8M
$183.0M
Q2 25
$-13.8M
$272.3M
Q1 25
$28.1M
$239.6M
Q4 24
$37.2M
$1.1B
Q3 24
$29.2M
$261.5M
Q2 24
$48.2M
$245.0M
FCF Margin
BHE
BHE
GLPI
GLPI
Q1 26
7.1%
Q4 25
6.6%
Q3 25
3.7%
46.0%
Q2 25
-2.1%
69.0%
Q1 25
4.3%
60.6%
Q4 24
5.4%
275.3%
Q3 24
4.3%
67.9%
Q2 24
7.0%
64.4%
Capex Intensity
BHE
BHE
GLPI
GLPI
Q1 26
Q4 25
1.4%
Q3 25
1.5%
14.4%
Q2 25
1.7%
5.3%
Q1 25
0.5%
3.3%
Q4 24
1.3%
0.0%
Q3 24
1.4%
2.3%
Q2 24
1.1%
1.9%
Cash Conversion
BHE
BHE
GLPI
GLPI
Q1 26
3.61×
Q4 25
4.10×
Q3 25
2.57×
1.00×
Q2 25
-2.90×
1.94×
Q1 25
8.65×
1.53×
Q4 24
4.80×
Q3 24
2.54×
1.46×
Q2 24
3.59×
1.21×

Financial Flow Comparison

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

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