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Side-by-side financial comparison of CONDUENT Inc (CNDT) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
CONDUENT Inc is the larger business by last-quarter revenue ($770.0M vs $420.0M, roughly 1.8× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -4.3%, a 61.3% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -3.8%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -8.6%).
Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.
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.
CNDT vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $770.0M | $420.0M |
| Net Profit | $-33.0M | $239.4M |
| Gross Margin | 19.0% | — |
| Operating Margin | -3.6% | 79.4% |
| Net Margin | -4.3% | 57.0% |
| Revenue YoY | -3.8% | 6.3% |
| Net Profit YoY | -175.0% | 40.5% |
| EPS (diluted) | $-0.25 | — |
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 | $770.0M | $407.0M | ||
| Q3 25 | $767.0M | $397.6M | ||
| Q2 25 | $754.0M | $394.9M | ||
| Q1 25 | $751.0M | $395.2M | ||
| Q4 24 | $800.0M | $389.6M | ||
| Q3 24 | $807.0M | $385.3M | ||
| Q2 24 | $828.0M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $-33.0M | $275.4M | ||
| Q3 25 | $-46.0M | $241.2M | ||
| Q2 25 | $-40.0M | $151.4M | ||
| Q1 25 | $-51.0M | $165.2M | ||
| Q4 24 | $-12.0M | $223.6M | ||
| Q3 24 | $123.0M | $184.7M | ||
| Q2 24 | $216.0M | $208.3M |
| Q1 26 | — | — | ||
| Q4 25 | 19.0% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 17.7% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 18.2% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | -3.6% | 89.3% | ||
| Q3 25 | -5.0% | 84.8% | ||
| Q2 25 | -5.0% | 61.3% | ||
| Q1 25 | -7.5% | 65.5% | ||
| Q4 24 | -10.3% | 79.1% | ||
| Q3 24 | 19.7% | 70.4% | ||
| Q2 24 | 36.2% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | -4.3% | 67.6% | ||
| Q3 25 | -6.0% | 60.7% | ||
| Q2 25 | -5.3% | 38.4% | ||
| Q1 25 | -6.8% | 41.8% | ||
| Q4 24 | -1.5% | 57.4% | ||
| Q3 24 | 15.2% | 47.9% | ||
| Q2 24 | 26.1% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.25 | $0.96 | ||
| Q3 25 | $-0.30 | $0.85 | ||
| Q2 25 | $-0.26 | $0.54 | ||
| Q1 25 | $-0.33 | $0.60 | ||
| Q4 24 | $-0.02 | $0.79 | ||
| Q3 24 | $0.72 | $0.67 | ||
| Q2 24 | $1.07 | $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 | $233.0M | $274.5M |
| Total DebtLower is stronger | $665.0M | — |
| Stockholders' EquityBook value | $685.0M | $5.0B |
| Total Assets | $2.4B | $13.8B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $233.0M | — | ||
| Q3 25 | $248.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $277.0M | — | ||
| Q4 24 | $366.0M | $560.8M | ||
| Q3 24 | $393.0M | $560.8M | ||
| Q2 24 | $300.0M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $665.0M | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $615.0M | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $685.0M | $4.6B | ||
| Q3 25 | $717.0M | $4.6B | ||
| Q2 25 | $777.0M | $4.6B | ||
| Q1 25 | $800.0M | $4.2B | ||
| Q4 24 | $839.0M | $4.3B | ||
| Q3 24 | $877.0M | $4.3B | ||
| Q2 24 | $751.0M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $2.4B | $12.9B | ||
| Q3 25 | $2.5B | $12.8B | ||
| Q2 25 | $2.5B | $12.5B | ||
| Q1 25 | $2.5B | $12.1B | ||
| Q4 24 | $2.6B | $13.1B | ||
| Q3 24 | $2.8B | $12.7B | ||
| Q2 24 | $2.8B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.97× | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 0.73× | 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 | $39.0M | — |
| Free Cash FlowOCF − Capex | $24.0M | — |
| FCF MarginFCF / Revenue | 3.1% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-132.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $39.0M | $1.1B | ||
| Q3 25 | $-39.0M | $240.3M | ||
| Q2 25 | $-15.0M | $293.4M | ||
| Q1 25 | $-58.0M | $252.5M | ||
| Q4 24 | $41.0M | $1.1B | ||
| Q3 24 | $-13.0M | $270.4M | ||
| Q2 24 | $-41.0M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $24.0M | — | ||
| Q3 25 | $-54.0M | $183.0M | ||
| Q2 25 | $-30.0M | $272.3M | ||
| Q1 25 | $-72.0M | $239.6M | ||
| Q4 24 | $30.0M | $1.1B | ||
| Q3 24 | $-21.0M | $261.5M | ||
| Q2 24 | $-59.0M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | -7.0% | 46.0% | ||
| Q2 25 | -4.0% | 69.0% | ||
| Q1 25 | -9.6% | 60.6% | ||
| Q4 24 | 3.8% | 275.3% | ||
| Q3 24 | -2.6% | 67.9% | ||
| Q2 24 | -7.1% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | — | ||
| Q3 25 | 2.0% | 14.4% | ||
| Q2 25 | 2.0% | 5.3% | ||
| Q1 25 | 1.9% | 3.3% | ||
| Q4 24 | 1.4% | 0.0% | ||
| Q3 24 | 1.0% | 2.3% | ||
| Q2 24 | 2.2% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.10× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | — | 1.53× | ||
| Q4 24 | — | 4.80× | ||
| Q3 24 | -0.11× | 1.46× | ||
| Q2 24 | -0.19× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNDT
| Government Segment | $230.0M | 30% |
| Integrated Digital Solutions | $134.0M | 17% |
| Customer Experience Management | $127.0M | 16% |
| B Paa S | $116.0M | 15% |
| Government Services Solutions | $93.0M | 12% |
| Transferred At Point In Time | $36.0M | 5% |
| Other | $34.0M | 4% |
GLPI
Segment breakdown not available.
