vs

Side-by-side financial comparison of GreenTree Hospitality Group Ltd. (GHG) 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 $286.9M, roughly 1.5× GreenTree Hospitality Group Ltd.).

GreenTree Hospitality Group Ltd. is a pure play franchised hotel operator, headquartered in Shanghai, China, with the majority of its hotels both franchised-and-managed. In 2017, GreenTree was the fourth largest economy to mid-scale hotel group in China based on the number of hotel rooms according to China Hospitality Association.

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.

GHG vs GLPI — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.5× larger
GLPI
$420.0M
$286.9M
GHG

Income Statement — Q3 FY2024 vs Q1 FY2026

Metric
GHG
GHG
GLPI
GLPI
Revenue
$286.9M
$420.0M
Net Profit
$239.4M
Gross Margin
Operating Margin
79.4%
Net Margin
57.0%
Revenue YoY
6.3%
Net Profit YoY
40.5%
EPS (diluted)

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
GHG
GHG
GLPI
GLPI
Q1 26
$420.0M
Q4 25
$407.0M
Q3 25
$397.6M
Q2 25
$394.9M
Q1 25
$395.2M
Q4 24
$389.6M
Q3 24
$286.9M
$385.3M
Q2 24
$380.6M
Net Profit
GHG
GHG
GLPI
GLPI
Q1 26
$239.4M
Q4 25
$275.4M
Q3 25
$241.2M
Q2 25
$151.4M
Q1 25
$165.2M
Q4 24
$223.6M
Q3 24
$184.7M
Q2 24
$208.3M
Operating Margin
GHG
GHG
GLPI
GLPI
Q1 26
79.4%
Q4 25
89.3%
Q3 25
84.8%
Q2 25
61.3%
Q1 25
65.5%
Q4 24
79.1%
Q3 24
70.4%
Q2 24
77.1%
Net Margin
GHG
GHG
GLPI
GLPI
Q1 26
57.0%
Q4 25
67.6%
Q3 25
60.7%
Q2 25
38.4%
Q1 25
41.8%
Q4 24
57.4%
Q3 24
47.9%
Q2 24
54.7%
EPS (diluted)
GHG
GHG
GLPI
GLPI
Q1 26
Q4 25
$0.96
Q3 25
$0.85
Q2 25
$0.54
Q1 25
$0.60
Q4 24
$0.79
Q3 24
$0.67
Q2 24
$0.77

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHG
GHG
GLPI
GLPI
Q1 26
$274.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$560.8M
Q3 24
$560.8M
Q2 24
$560.8M
Total Debt
GHG
GHG
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
GHG
GHG
GLPI
GLPI
Q1 26
$5.0B
Q4 25
$4.6B
Q3 25
$4.6B
Q2 25
$4.6B
Q1 25
$4.2B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.1B
Total Assets
GHG
GHG
GLPI
GLPI
Q1 26
$13.8B
Q4 25
$12.9B
Q3 25
$12.8B
Q2 25
$12.5B
Q1 25
$12.1B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$11.8B
Debt / Equity
GHG
GHG
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
GHG
GHG
GLPI
GLPI
Operating Cash FlowLast quarter
$20.3M
Free Cash FlowOCF − Capex
$16.2M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHG
GHG
GLPI
GLPI
Q1 26
Q4 25
$1.1B
Q3 25
$240.3M
Q2 25
$293.4M
Q1 25
$252.5M
Q4 24
$1.1B
Q3 24
$20.3M
$270.4M
Q2 24
$252.1M
Free Cash Flow
GHG
GHG
GLPI
GLPI
Q1 26
Q4 25
Q3 25
$183.0M
Q2 25
$272.3M
Q1 25
$239.6M
Q4 24
$1.1B
Q3 24
$16.2M
$261.5M
Q2 24
$245.0M
FCF Margin
GHG
GHG
GLPI
GLPI
Q1 26
Q4 25
Q3 25
46.0%
Q2 25
69.0%
Q1 25
60.6%
Q4 24
275.3%
Q3 24
5.6%
67.9%
Q2 24
64.4%
Capex Intensity
GHG
GHG
GLPI
GLPI
Q1 26
Q4 25
Q3 25
14.4%
Q2 25
5.3%
Q1 25
3.3%
Q4 24
0.0%
Q3 24
1.4%
2.3%
Q2 24
1.9%
Cash Conversion
GHG
GHG
GLPI
GLPI
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.

Related Comparisons