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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) 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 $379.6M, roughly 1.1× DIVERSIFIED HEALTHCARE TRUST). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -5.6%, a 62.6% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -0.0%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 1.2%).
GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...
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.
DHC vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $420.0M |
| Net Profit | $-21.2M | $239.4M |
| Gross Margin | — | — |
| Operating Margin | -12.6% | 79.4% |
| Net Margin | -5.6% | 57.0% |
| Revenue YoY | -0.0% | 6.3% |
| Net Profit YoY | 75.7% | 40.5% |
| EPS (diluted) | $-0.09 | — |
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 | $379.6M | $407.0M | ||
| Q3 25 | $388.7M | $397.6M | ||
| Q2 25 | $382.7M | $394.9M | ||
| Q1 25 | $386.9M | $395.2M | ||
| Q4 24 | $379.6M | $389.6M | ||
| Q3 24 | $373.6M | $385.3M | ||
| Q2 24 | $371.4M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $-21.2M | $275.4M | ||
| Q3 25 | $-164.0M | $241.2M | ||
| Q2 25 | $-91.6M | $151.4M | ||
| Q1 25 | $-9.0M | $165.2M | ||
| Q4 24 | $-87.4M | $223.6M | ||
| Q3 24 | $-98.7M | $184.7M | ||
| Q2 24 | $-97.9M | $208.3M |
| Q1 26 | — | 79.4% | ||
| Q4 25 | -12.6% | 89.3% | ||
| Q3 25 | -43.4% | 84.8% | ||
| Q2 25 | -24.5% | 61.3% | ||
| Q1 25 | -2.7% | 65.5% | ||
| Q4 24 | -26.1% | 79.1% | ||
| Q3 24 | -26.5% | 70.4% | ||
| Q2 24 | -23.0% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | -5.6% | 67.6% | ||
| Q3 25 | -42.2% | 60.7% | ||
| Q2 25 | -23.9% | 38.4% | ||
| Q1 25 | -2.3% | 41.8% | ||
| Q4 24 | -23.0% | 57.4% | ||
| Q3 24 | -26.4% | 47.9% | ||
| Q2 24 | -26.3% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.09 | $0.96 | ||
| Q3 25 | $-0.68 | $0.85 | ||
| Q2 25 | $-0.38 | $0.54 | ||
| Q1 25 | $-0.04 | $0.60 | ||
| Q4 24 | $-0.37 | $0.79 | ||
| Q3 24 | $-0.41 | $0.67 | ||
| Q2 24 | $-0.41 | $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 | $105.4M | $274.5M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $5.0B |
| Total Assets | $4.4B | $13.8B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $105.4M | — | ||
| Q3 25 | $201.4M | — | ||
| Q2 25 | $141.8M | — | ||
| Q1 25 | $302.6M | — | ||
| Q4 24 | $144.6M | $560.8M | ||
| Q3 24 | $256.5M | $560.8M | ||
| Q2 24 | $265.6M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | $3.1B | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.7B | $4.6B | ||
| Q3 25 | $1.7B | $4.6B | ||
| Q2 25 | $1.9B | $4.6B | ||
| Q1 25 | $1.9B | $4.2B | ||
| Q4 24 | $2.0B | $4.3B | ||
| Q3 24 | $2.0B | $4.3B | ||
| Q2 24 | $2.1B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $4.4B | $12.9B | ||
| Q3 25 | $4.7B | $12.8B | ||
| Q2 25 | $4.8B | $12.5B | ||
| Q1 25 | $5.0B | $12.1B | ||
| Q4 24 | $5.1B | $13.1B | ||
| Q3 24 | $5.3B | $12.7B | ||
| Q2 24 | $5.3B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.47× | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 1.56× | 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 | $-19.6M | — |
| Free Cash FlowOCF − Capex | $-166.4M | — |
| FCF MarginFCF / Revenue | -43.8% | — |
| Capex IntensityCapex / Revenue | 38.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-19.6M | $1.1B | ||
| Q3 25 | $-49.3M | $240.3M | ||
| Q2 25 | $53.0M | $293.4M | ||
| Q1 25 | $-3.2M | $252.5M | ||
| Q4 24 | $112.2M | $1.1B | ||
| Q3 24 | $21.1M | $270.4M | ||
| Q2 24 | $44.3M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-166.4M | — | ||
| Q3 25 | $-89.8M | $183.0M | ||
| Q2 25 | $18.8M | $272.3M | ||
| Q1 25 | $-42.9M | $239.6M | ||
| Q4 24 | $-89.5M | $1.1B | ||
| Q3 24 | $-26.1M | $261.5M | ||
| Q2 24 | $3.3M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | -43.8% | — | ||
| Q3 25 | -23.1% | 46.0% | ||
| Q2 25 | 4.9% | 69.0% | ||
| Q1 25 | -11.1% | 60.6% | ||
| Q4 24 | -23.6% | 275.3% | ||
| Q3 24 | -7.0% | 67.9% | ||
| Q2 24 | 0.9% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 38.7% | — | ||
| Q3 25 | 10.4% | 14.4% | ||
| Q2 25 | 8.9% | 5.3% | ||
| Q1 25 | 10.2% | 3.3% | ||
| Q4 24 | 53.1% | 0.0% | ||
| Q3 24 | 12.6% | 2.3% | ||
| Q2 24 | 11.0% | 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 | — | 1.46× | ||
| Q2 24 | — | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
GLPI
Segment breakdown not available.
