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Side-by-side financial comparison of CAVA GROUP, INC. (CAVA) 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 $280.6M, roughly 1.5× CAVA GROUP, INC.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 6.5%, a 50.5% gap on every dollar of revenue. On growth, CAVA GROUP, INC. posted the faster year-over-year revenue change (20.2% vs 6.3%).

Cava, also referred to as Cava Grill, is an American Mediterranean fast casual restaurant chain with locations across the United States. Cava is owned by the publicly traded Cava Group, which purchased Zoës Kitchen in August 2018. The combined company is the largest restaurant operator in the Mediterranean category in the U.S. restaurant industry. Cava also produces a line of Mediterranean dips, spreads, and dressings that are sold in grocery stores across the US. As of May 2023, all Zoës Kit...

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.

CAVA vs GLPI — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.5× larger
GLPI
$420.0M
$280.6M
CAVA
Growing faster (revenue YoY)
CAVA
CAVA
+13.9% gap
CAVA
20.2%
6.3%
GLPI
Higher net margin
GLPI
GLPI
50.5% more per $
GLPI
57.0%
6.5%
CAVA

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
CAVA
CAVA
GLPI
GLPI
Revenue
$280.6M
$420.0M
Net Profit
$18.4M
$239.4M
Gross Margin
Operating Margin
7.0%
79.4%
Net Margin
6.5%
57.0%
Revenue YoY
20.2%
6.3%
Net Profit YoY
-7.0%
40.5%
EPS (diluted)
$0.16

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
CAVA
CAVA
GLPI
GLPI
Q1 26
$420.0M
Q4 25
$407.0M
Q3 25
$280.6M
$397.6M
Q2 25
$331.8M
$394.9M
Q1 25
$395.2M
Q4 24
$389.6M
Q3 24
$233.5M
$385.3M
Q2 24
$259.0M
$380.6M
Net Profit
CAVA
CAVA
GLPI
GLPI
Q1 26
$239.4M
Q4 25
$275.4M
Q3 25
$18.4M
$241.2M
Q2 25
$25.7M
$151.4M
Q1 25
$165.2M
Q4 24
$223.6M
Q3 24
$19.7M
$184.7M
Q2 24
$14.0M
$208.3M
Gross Margin
CAVA
CAVA
GLPI
GLPI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.7%
Q2 24
25.2%
Operating Margin
CAVA
CAVA
GLPI
GLPI
Q1 26
79.4%
Q4 25
89.3%
Q3 25
7.0%
84.8%
Q2 25
4.7%
61.3%
Q1 25
65.5%
Q4 24
79.1%
Q3 24
6.9%
70.4%
Q2 24
3.6%
77.1%
Net Margin
CAVA
CAVA
GLPI
GLPI
Q1 26
57.0%
Q4 25
67.6%
Q3 25
6.5%
60.7%
Q2 25
7.7%
38.4%
Q1 25
41.8%
Q4 24
57.4%
Q3 24
8.5%
47.9%
Q2 24
5.4%
54.7%
EPS (diluted)
CAVA
CAVA
GLPI
GLPI
Q1 26
Q4 25
$0.96
Q3 25
$0.16
$0.85
Q2 25
$0.22
$0.54
Q1 25
$0.60
Q4 24
$0.79
Q3 24
$0.17
$0.67
Q2 24
$0.12
$0.77

Balance Sheet & Financial Strength

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

Metric
CAVA
CAVA
GLPI
GLPI
Cash + ST InvestmentsLiquidity on hand
$290.2M
$274.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$750.7M
$5.0B
Total Assets
$1.3B
$13.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAVA
CAVA
GLPI
GLPI
Q1 26
$274.5M
Q4 25
Q3 25
$290.2M
Q2 25
$289.4M
Q1 25
Q4 24
$560.8M
Q3 24
$343.7M
$560.8M
Q2 24
$329.1M
$560.8M
Total Debt
CAVA
CAVA
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
CAVA
CAVA
GLPI
GLPI
Q1 26
$5.0B
Q4 25
$4.6B
Q3 25
$750.7M
$4.6B
Q2 25
$726.2M
$4.6B
Q1 25
$4.2B
Q4 24
$4.3B
Q3 24
$595.4M
$4.3B
Q2 24
$580.8M
$4.1B
Total Assets
CAVA
CAVA
GLPI
GLPI
Q1 26
$13.8B
Q4 25
$12.9B
Q3 25
$1.3B
$12.8B
Q2 25
$1.2B
$12.5B
Q1 25
$12.1B
Q4 24
$13.1B
Q3 24
$1.0B
$12.7B
Q2 24
$1.0B
$11.8B
Debt / Equity
CAVA
CAVA
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
CAVA
CAVA
GLPI
GLPI
Operating Cash FlowLast quarter
$60.3M
Free Cash FlowOCF − Capex
$19.2M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
14.7%
Cash ConversionOCF / Net Profit
3.28×
TTM Free Cash FlowTrailing 4 quarters
$49.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAVA
CAVA
GLPI
GLPI
Q1 26
Q4 25
$1.1B
Q3 25
$60.3M
$240.3M
Q2 25
$38.6M
$293.4M
Q1 25
$252.5M
Q4 24
$1.1B
Q3 24
$48.9M
$270.4M
Q2 24
$38.4M
$252.1M
Free Cash Flow
CAVA
CAVA
GLPI
GLPI
Q1 26
Q4 25
Q3 25
$19.2M
$183.0M
Q2 25
$2.7M
$272.3M
Q1 25
$239.6M
Q4 24
$1.1B
Q3 24
$22.7M
$261.5M
Q2 24
$4.7M
$245.0M
FCF Margin
CAVA
CAVA
GLPI
GLPI
Q1 26
Q4 25
Q3 25
6.8%
46.0%
Q2 25
0.8%
69.0%
Q1 25
60.6%
Q4 24
275.3%
Q3 24
9.7%
67.9%
Q2 24
1.8%
64.4%
Capex Intensity
CAVA
CAVA
GLPI
GLPI
Q1 26
Q4 25
Q3 25
14.7%
14.4%
Q2 25
10.8%
5.3%
Q1 25
3.3%
Q4 24
0.0%
Q3 24
11.2%
2.3%
Q2 24
13.0%
1.9%
Cash Conversion
CAVA
CAVA
GLPI
GLPI
Q1 26
Q4 25
4.10×
Q3 25
3.28×
1.00×
Q2 25
1.50×
1.94×
Q1 25
1.53×
Q4 24
4.80×
Q3 24
2.48×
1.46×
Q2 24
2.74×
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAVA
CAVA

Restaurant Revenue$278.2M99%
Rewards$2.8M1%
CPG Revenue And Other$2.4M1%

GLPI
GLPI

Segment breakdown not available.

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