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Side-by-side financial comparison of GigaCloud Technology Inc (GCT) 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 $332.6M, roughly 1.3× GigaCloud Technology Inc). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 11.2%, a 45.8% gap on every dollar of revenue. On growth, GigaCloud Technology Inc posted the faster year-over-year revenue change (9.7% vs 6.3%). Over the past eight quarters, GigaCloud Technology Inc's revenue compounded faster (36.6% CAGR vs 5.0%).

GigaCloud Technology Inc. is an American e-commerce company that helps retailers buy and sell big and bulky, non-standardized items such as furniture, appliances, and fitness equipment. They own a business-to-business online marketplace and act as a middleman by handling sales, logistics and also delivery to end customers. GigaCloud is headquartered in El Monte, California, and is listed on the Nasdaq stock exchange since August 2022.

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.

GCT vs GLPI — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.3× larger
GLPI
$420.0M
$332.6M
GCT
Growing faster (revenue YoY)
GCT
GCT
+3.4% gap
GCT
9.7%
6.3%
GLPI
Higher net margin
GLPI
GLPI
45.8% more per $
GLPI
57.0%
11.2%
GCT
Faster 2-yr revenue CAGR
GCT
GCT
Annualised
GCT
36.6%
5.0%
GLPI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GCT
GCT
GLPI
GLPI
Revenue
$332.6M
$420.0M
Net Profit
$37.2M
$239.4M
Gross Margin
23.2%
Operating Margin
12.2%
79.4%
Net Margin
11.2%
57.0%
Revenue YoY
9.7%
6.3%
Net Profit YoY
-8.6%
40.5%
EPS (diluted)
$0.99

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
GCT
GCT
GLPI
GLPI
Q1 26
$420.0M
Q4 25
$407.0M
Q3 25
$332.6M
$397.6M
Q2 25
$322.6M
$394.9M
Q1 25
$271.9M
$395.2M
Q4 24
$295.8M
$389.6M
Q3 24
$303.3M
$385.3M
Q2 24
$310.9M
$380.6M
Net Profit
GCT
GCT
GLPI
GLPI
Q1 26
$239.4M
Q4 25
$275.4M
Q3 25
$37.2M
$241.2M
Q2 25
$34.6M
$151.4M
Q1 25
$27.1M
$165.2M
Q4 24
$31.0M
$223.6M
Q3 24
$40.7M
$184.7M
Q2 24
$27.0M
$208.3M
Gross Margin
GCT
GCT
GLPI
GLPI
Q1 26
Q4 25
Q3 25
23.2%
Q2 25
23.9%
Q1 25
23.4%
Q4 24
22.0%
Q3 24
25.5%
Q2 24
24.6%
Operating Margin
GCT
GCT
GLPI
GLPI
Q1 26
79.4%
Q4 25
89.3%
Q3 25
12.2%
84.8%
Q2 25
11.1%
61.3%
Q1 25
10.4%
65.5%
Q4 24
9.3%
79.1%
Q3 24
13.4%
70.4%
Q2 24
8.8%
77.1%
Net Margin
GCT
GCT
GLPI
GLPI
Q1 26
57.0%
Q4 25
67.6%
Q3 25
11.2%
60.7%
Q2 25
10.7%
38.4%
Q1 25
10.0%
41.8%
Q4 24
10.5%
57.4%
Q3 24
13.4%
47.9%
Q2 24
8.7%
54.7%
EPS (diluted)
GCT
GCT
GLPI
GLPI
Q1 26
Q4 25
$0.96
Q3 25
$0.99
$0.85
Q2 25
$0.91
$0.54
Q1 25
$0.68
$0.60
Q4 24
$0.76
$0.79
Q3 24
$0.98
$0.67
Q2 24
$0.65
$0.77

Balance Sheet & Financial Strength

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

Metric
GCT
GCT
GLPI
GLPI
Cash + ST InvestmentsLiquidity on hand
$365.9M
$274.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$457.3M
$5.0B
Total Assets
$1.1B
$13.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCT
GCT
GLPI
GLPI
Q1 26
$274.5M
Q4 25
Q3 25
$365.9M
Q2 25
$303.0M
Q1 25
$286.8M
Q4 24
$302.4M
$560.8M
Q3 24
$259.8M
$560.8M
Q2 24
$207.8M
$560.8M
Total Debt
GCT
GCT
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
GCT
GCT
GLPI
GLPI
Q1 26
$5.0B
Q4 25
$4.6B
Q3 25
$457.3M
$4.6B
Q2 25
$431.4M
$4.6B
Q1 25
$412.9M
$4.2B
Q4 24
$405.2M
$4.3B
Q3 24
$400.4M
$4.3B
Q2 24
$358.4M
$4.1B
Total Assets
GCT
GCT
GLPI
GLPI
Q1 26
$13.8B
Q4 25
$12.9B
Q3 25
$1.1B
$12.8B
Q2 25
$1.1B
$12.5B
Q1 25
$1.1B
$12.1B
Q4 24
$1.1B
$13.1B
Q3 24
$1.1B
$12.7B
Q2 24
$1.1B
$11.8B
Debt / Equity
GCT
GCT
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
GCT
GCT
GLPI
GLPI
Operating Cash FlowLast quarter
$78.3M
Free Cash FlowOCF − Capex
$77.1M
FCF MarginFCF / Revenue
23.2%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
2.10×
TTM Free Cash FlowTrailing 4 quarters
$188.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCT
GCT
GLPI
GLPI
Q1 26
Q4 25
$1.1B
Q3 25
$78.3M
$240.3M
Q2 25
$38.6M
$293.4M
Q1 25
$9.4M
$252.5M
Q4 24
$68.4M
$1.1B
Q3 24
$55.2M
$270.4M
Q2 24
$19.1M
$252.1M
Free Cash Flow
GCT
GCT
GLPI
GLPI
Q1 26
Q4 25
Q3 25
$77.1M
$183.0M
Q2 25
$37.0M
$272.3M
Q1 25
$7.0M
$239.6M
Q4 24
$66.9M
$1.1B
Q3 24
$51.4M
$261.5M
Q2 24
$12.9M
$245.0M
FCF Margin
GCT
GCT
GLPI
GLPI
Q1 26
Q4 25
Q3 25
23.2%
46.0%
Q2 25
11.5%
69.0%
Q1 25
2.6%
60.6%
Q4 24
22.6%
275.3%
Q3 24
16.9%
67.9%
Q2 24
4.2%
64.4%
Capex Intensity
GCT
GCT
GLPI
GLPI
Q1 26
Q4 25
Q3 25
0.4%
14.4%
Q2 25
0.5%
5.3%
Q1 25
0.9%
3.3%
Q4 24
0.5%
0.0%
Q3 24
1.3%
2.3%
Q2 24
2.0%
1.9%
Cash Conversion
GCT
GCT
GLPI
GLPI
Q1 26
Q4 25
4.10×
Q3 25
2.10×
1.00×
Q2 25
1.12×
1.94×
Q1 25
0.35×
1.53×
Q4 24
2.21×
4.80×
Q3 24
1.36×
1.46×
Q2 24
0.71×
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GCT
GCT

Services$108.4M33%
Transferred Over Time$89.8M27%
Product Sales To B$50.1M15%
Last Mile Delivery Service$49.2M15%
Warehousing Service$14.2M4%
Ocean Transportation Service$9.0M3%
Platform Commission$4.9M1%
Drayage Service$3.2M1%

GLPI
GLPI

Segment breakdown not available.

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