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Side-by-side financial comparison of Freshworks Inc. (FRSH) 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 $222.7M, roughly 1.9× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs 57.0%, a 29.0% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs 6.3%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (16.1% CAGR vs 5.0%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
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.
FRSH vs GLPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $420.0M |
| Net Profit | $191.4M | $239.4M |
| Gross Margin | 85.6% | — |
| Operating Margin | 17.8% | 79.4% |
| Net Margin | 86.0% | 57.0% |
| Revenue YoY | 14.5% | 6.3% |
| Net Profit YoY | 974.2% | 40.5% |
| EPS (diluted) | $0.66 | — |
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 | $222.7M | $407.0M | ||
| Q3 25 | $215.1M | $397.6M | ||
| Q2 25 | $204.7M | $394.9M | ||
| Q1 25 | $196.3M | $395.2M | ||
| Q4 24 | $194.6M | $389.6M | ||
| Q3 24 | $186.6M | $385.3M | ||
| Q2 24 | $174.1M | $380.6M |
| Q1 26 | — | $239.4M | ||
| Q4 25 | $191.4M | $275.4M | ||
| Q3 25 | $-4.7M | $241.2M | ||
| Q2 25 | $-1.7M | $151.4M | ||
| Q1 25 | $-1.3M | $165.2M | ||
| Q4 24 | $-21.9M | $223.6M | ||
| Q3 24 | $-30.0M | $184.7M | ||
| Q2 24 | $-20.2M | $208.3M |
| Q1 26 | — | — | ||
| Q4 25 | 85.6% | — | ||
| Q3 25 | 84.7% | — | ||
| Q2 25 | 84.8% | — | ||
| Q1 25 | 84.8% | — | ||
| Q4 24 | 84.9% | — | ||
| Q3 24 | 84.0% | — | ||
| Q2 24 | 83.8% | — |
| Q1 26 | — | 79.4% | ||
| Q4 25 | 17.8% | 89.3% | ||
| Q3 25 | -3.5% | 84.8% | ||
| Q2 25 | -4.2% | 61.3% | ||
| Q1 25 | -5.3% | 65.5% | ||
| Q4 24 | -12.2% | 79.1% | ||
| Q3 24 | -20.8% | 70.4% | ||
| Q2 24 | -25.1% | 77.1% |
| Q1 26 | — | 57.0% | ||
| Q4 25 | 86.0% | 67.6% | ||
| Q3 25 | -2.2% | 60.7% | ||
| Q2 25 | -0.8% | 38.4% | ||
| Q1 25 | -0.7% | 41.8% | ||
| Q4 24 | -11.3% | 57.4% | ||
| Q3 24 | -16.1% | 47.9% | ||
| Q2 24 | -11.6% | 54.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.66 | $0.96 | ||
| Q3 25 | $-0.02 | $0.85 | ||
| Q2 25 | $-0.01 | $0.54 | ||
| Q1 25 | $0.00 | $0.60 | ||
| Q4 24 | $-0.07 | $0.79 | ||
| Q3 24 | $-0.10 | $0.67 | ||
| Q2 24 | $-0.07 | $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 | $781.4M | $274.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $5.0B |
| Total Assets | $1.6B | $13.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $274.5M | ||
| Q4 25 | $781.4M | — | ||
| Q3 25 | $813.2M | — | ||
| Q2 25 | $926.2M | — | ||
| Q1 25 | $995.3M | — | ||
| Q4 24 | $1.1B | $560.8M | ||
| Q3 24 | $1.1B | $560.8M | ||
| Q2 24 | $1.0B | $560.8M |
| 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 |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.0B | $4.6B | ||
| Q3 25 | $851.5M | $4.6B | ||
| Q2 25 | $984.6M | $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 |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $1.6B | $12.9B | ||
| Q3 25 | $1.4B | $12.8B | ||
| Q2 25 | $1.5B | $12.5B | ||
| Q1 25 | $1.5B | $12.1B | ||
| Q4 24 | $1.6B | $13.1B | ||
| Q3 24 | $1.6B | $12.7B | ||
| Q2 24 | $1.5B | $11.8B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $62.3M | — |
| Free Cash FlowOCF − Capex | $60.1M | — |
| FCF MarginFCF / Revenue | 27.0% | — |
| Capex IntensityCapex / Revenue | 1.0% | — |
| Cash ConversionOCF / Net Profit | 0.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $62.3M | $1.1B | ||
| Q3 25 | $63.5M | $240.3M | ||
| Q2 25 | $58.6M | $293.4M | ||
| Q1 25 | $58.0M | $252.5M | ||
| Q4 24 | $41.4M | $1.1B | ||
| Q3 24 | $42.3M | $270.4M | ||
| Q2 24 | $36.3M | $252.1M |
| Q1 26 | — | — | ||
| Q4 25 | $60.1M | — | ||
| Q3 25 | $61.7M | $183.0M | ||
| Q2 25 | $58.2M | $272.3M | ||
| Q1 25 | $56.7M | $239.6M | ||
| Q4 24 | $36.3M | $1.1B | ||
| Q3 24 | $41.3M | $261.5M | ||
| Q2 24 | $34.0M | $245.0M |
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | — | ||
| Q3 25 | 28.7% | 46.0% | ||
| Q2 25 | 28.4% | 69.0% | ||
| Q1 25 | 28.9% | 60.6% | ||
| Q4 24 | 18.7% | 275.3% | ||
| Q3 24 | 22.1% | 67.9% | ||
| Q2 24 | 19.5% | 64.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 0.8% | 14.4% | ||
| Q2 25 | 0.2% | 5.3% | ||
| Q1 25 | 0.7% | 3.3% | ||
| Q4 24 | 2.6% | 0.0% | ||
| Q3 24 | 0.6% | 2.3% | ||
| Q2 24 | 1.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 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
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
GLPI
Segment breakdown not available.
