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Side-by-side financial comparison of Enhabit, Inc. (EHAB) 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 $270.4M, roughly 1.6× Enhabit, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -14.3%, a 71.3% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 4.7%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 1.5%).
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
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.
EHAB vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $420.0M |
| Net Profit | $-38.7M | $239.4M |
| Gross Margin | — | — |
| Operating Margin | -12.3% | 79.4% |
| Net Margin | -14.3% | 57.0% |
| Revenue YoY | 4.7% | 6.3% |
| Net Profit YoY | 15.9% | 40.5% |
| EPS (diluted) | $-0.76 | — |
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 | $270.4M | $407.0M | ||
| Q3 25 | $263.6M | $397.6M | ||
| Q2 25 | $266.1M | $394.9M | ||
| Q1 25 | $259.9M | $395.2M | ||
| Q4 24 | $258.2M | $389.6M | ||
| Q3 24 | $253.6M | $385.3M | ||
| Q2 24 | $260.6M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $-38.7M | $275.4M | ||
| Q3 25 | $11.1M | $241.2M | ||
| Q2 25 | $5.2M | $151.4M | ||
| Q1 25 | $17.8M | $165.2M | ||
| Q4 24 | $-46.0M | $223.6M | ||
| Q3 24 | $-110.2M | $184.7M | ||
| Q2 24 | $-200.0K | $208.3M |
| Q1 26 | — | 79.4% | ||
| Q4 25 | -12.3% | 89.3% | ||
| Q3 25 | 6.4% | 84.8% | ||
| Q2 25 | 6.3% | 61.3% | ||
| Q1 25 | 6.1% | 65.5% | ||
| Q4 24 | -16.0% | 79.1% | ||
| Q3 24 | -38.6% | 70.4% | ||
| Q2 24 | 4.3% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | -14.3% | 67.6% | ||
| Q3 25 | 4.2% | 60.7% | ||
| Q2 25 | 2.0% | 38.4% | ||
| Q1 25 | 6.8% | 41.8% | ||
| Q4 24 | -17.8% | 57.4% | ||
| Q3 24 | -43.5% | 47.9% | ||
| Q2 24 | -0.1% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.76 | $0.96 | ||
| Q3 25 | $0.22 | $0.85 | ||
| Q2 25 | $0.10 | $0.54 | ||
| Q1 25 | $0.35 | $0.60 | ||
| Q4 24 | $-0.92 | $0.79 | ||
| Q3 24 | $-2.20 | $0.67 | ||
| Q2 24 | $0.00 | $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 | $43.6M | $274.5M |
| Total DebtLower is stronger | $426.0M | — |
| Stockholders' EquityBook value | $534.0M | $5.0B |
| Total Assets | $1.2B | $13.8B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $43.6M | — | ||
| Q3 25 | $56.9M | — | ||
| Q2 25 | $37.1M | — | ||
| Q1 25 | $39.5M | — | ||
| Q4 24 | $28.4M | $560.8M | ||
| Q3 24 | $45.7M | $560.8M | ||
| Q2 24 | $28.5M | $560.8M |
| Q1 26 | — | — | ||
| Q4 25 | $426.0M | $7.2B | ||
| Q3 25 | $441.5M | $7.2B | ||
| Q2 25 | $456.9M | $6.9B | ||
| Q1 25 | $467.3M | $6.9B | ||
| Q4 24 | $492.6M | $7.7B | ||
| Q3 24 | $502.9M | $7.4B | ||
| Q2 24 | $512.7M | $6.6B |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $534.0M | $4.6B | ||
| Q3 25 | $566.8M | $4.6B | ||
| Q2 25 | $552.4M | $4.6B | ||
| Q1 25 | $543.2M | $4.2B | ||
| Q4 24 | $523.5M | $4.3B | ||
| Q3 24 | $566.1M | $4.3B | ||
| Q2 24 | $674.3M | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.2B | $12.9B | ||
| Q3 25 | $1.2B | $12.8B | ||
| Q2 25 | $1.2B | $12.5B | ||
| Q1 25 | $1.2B | $12.1B | ||
| Q4 24 | $1.2B | $13.1B | ||
| Q3 24 | $1.3B | $12.7B | ||
| Q2 24 | $1.4B | $11.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.56× | ||
| Q3 25 | 0.78× | 1.57× | ||
| Q2 25 | 0.83× | 1.51× | ||
| Q1 25 | 0.86× | 1.63× | ||
| Q4 24 | 0.94× | 1.81× | ||
| Q3 24 | 0.89× | 1.74× | ||
| Q2 24 | 0.76× | 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 | $4.4M | — |
| Free Cash FlowOCF − Capex | $3.3M | — |
| FCF MarginFCF / Revenue | 1.2% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4M | $1.1B | ||
| Q3 25 | $37.8M | $240.3M | ||
| Q2 25 | $10.6M | $293.4M | ||
| Q1 25 | $17.9M | $252.5M | ||
| Q4 24 | $-4.1M | $1.1B | ||
| Q3 24 | $28.4M | $270.4M | ||
| Q2 24 | $9.6M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $3.3M | — | ||
| Q3 25 | $36.2M | $183.0M | ||
| Q2 25 | $8.7M | $272.3M | ||
| Q1 25 | $17.6M | $239.6M | ||
| Q4 24 | $-4.7M | $1.1B | ||
| Q3 24 | $27.7M | $261.5M | ||
| Q2 24 | $8.9M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 13.7% | 46.0% | ||
| Q2 25 | 3.3% | 69.0% | ||
| Q1 25 | 6.8% | 60.6% | ||
| Q4 24 | -1.8% | 275.3% | ||
| Q3 24 | 10.9% | 67.9% | ||
| Q2 24 | 3.4% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.6% | 14.4% | ||
| Q2 25 | 0.7% | 5.3% | ||
| Q1 25 | 0.1% | 3.3% | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.3% | 2.3% | ||
| Q2 24 | 0.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.10× | ||
| Q3 25 | 3.41× | 1.00× | ||
| Q2 25 | 2.04× | 1.94× | ||
| Q1 25 | 1.01× | 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
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
GLPI
Segment breakdown not available.
