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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.

Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $420.0M, roughly 1.1× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -7.3%, a 64.3% gap on every dollar of revenue. On growth, Acushnet Holdings Corp. posted the faster year-over-year revenue change (7.2% vs 6.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -17.9%).

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.

The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.

GLPI vs GOLF — Head-to-Head

Bigger by revenue
GOLF
GOLF
1.1× larger
GOLF
$477.2M
$420.0M
GLPI
Growing faster (revenue YoY)
GOLF
GOLF
+0.9% gap
GOLF
7.2%
6.3%
GLPI
Higher net margin
GLPI
GLPI
64.3% more per $
GLPI
57.0%
-7.3%
GOLF
Faster 2-yr revenue CAGR
GLPI
GLPI
Annualised
GLPI
5.0%
-17.9%
GOLF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
GOLF
GOLF
Revenue
$420.0M
$477.2M
Net Profit
$239.4M
$-34.9M
Gross Margin
44.1%
Operating Margin
79.4%
-3.8%
Net Margin
57.0%
-7.3%
Revenue YoY
6.3%
7.2%
Net Profit YoY
40.5%
-3027.3%
EPS (diluted)
$-0.57

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
GLPI
GLPI
GOLF
GOLF
Q1 26
$420.0M
Q4 25
$407.0M
$477.2M
Q3 25
$397.6M
$657.7M
Q2 25
$394.9M
$720.5M
Q1 25
$395.2M
$703.4M
Q4 24
$389.6M
$445.2M
Q3 24
$385.3M
$620.5M
Q2 24
$380.6M
$683.9M
Net Profit
GLPI
GLPI
GOLF
GOLF
Q1 26
$239.4M
Q4 25
$275.4M
$-34.9M
Q3 25
$241.2M
$48.5M
Q2 25
$151.4M
$75.6M
Q1 25
$165.2M
$99.4M
Q4 24
$223.6M
$-1.1M
Q3 24
$184.7M
$56.2M
Q2 24
$208.3M
$71.4M
Gross Margin
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
44.1%
Q3 25
48.5%
Q2 25
49.2%
Q1 25
47.9%
Q4 24
22.6%
Q3 24
54.4%
Q2 24
54.4%
Operating Margin
GLPI
GLPI
GOLF
GOLF
Q1 26
79.4%
Q4 25
89.3%
-3.8%
Q3 25
84.8%
14.1%
Q2 25
61.3%
15.2%
Q1 25
65.5%
16.3%
Q4 24
79.1%
-1.2%
Q3 24
70.4%
13.2%
Q2 24
77.1%
15.5%
Net Margin
GLPI
GLPI
GOLF
GOLF
Q1 26
57.0%
Q4 25
67.6%
-7.3%
Q3 25
60.7%
7.4%
Q2 25
38.4%
10.5%
Q1 25
41.8%
14.1%
Q4 24
57.4%
-0.3%
Q3 24
47.9%
9.1%
Q2 24
54.7%
10.4%
EPS (diluted)
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
$0.96
$-0.57
Q3 25
$0.85
$0.81
Q2 25
$0.54
$1.25
Q1 25
$0.60
$1.62
Q4 24
$0.79
$0.02
Q3 24
$0.67
$0.89
Q2 24
$0.77
$1.11

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
GOLF
GOLF
Cash + ST InvestmentsLiquidity on hand
$274.5M
Total DebtLower is stronger
$926.2M
Stockholders' EquityBook value
$5.0B
$783.6M
Total Assets
$13.8B
$2.3B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
GOLF
GOLF
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
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
$7.2B
$926.2M
Q3 25
$7.2B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$7.7B
$753.1M
Q3 24
$7.4B
Q2 24
$6.6B
Stockholders' Equity
GLPI
GLPI
GOLF
GOLF
Q1 26
$5.0B
Q4 25
$4.6B
$783.6M
Q3 25
$4.6B
$852.3M
Q2 25
$4.6B
$808.5M
Q1 25
$4.2B
$780.3M
Q4 24
$4.3B
$765.2M
Q3 24
$4.3B
$863.9M
Q2 24
$4.1B
$863.7M
Total Assets
GLPI
GLPI
GOLF
GOLF
Q1 26
$13.8B
Q4 25
$12.9B
$2.3B
Q3 25
$12.8B
$2.4B
Q2 25
$12.5B
$2.4B
Q1 25
$12.1B
$2.4B
Q4 24
$13.1B
$2.2B
Q3 24
$12.7B
$2.3B
Q2 24
$11.8B
$2.3B
Debt / Equity
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
1.56×
1.18×
Q3 25
1.57×
Q2 25
1.51×
Q1 25
1.63×
Q4 24
1.81×
0.98×
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
GLPI
GLPI
GOLF
GOLF
Operating Cash FlowLast quarter
$-338.0K
Free Cash FlowOCF − Capex
$-23.3M
FCF MarginFCF / Revenue
-4.9%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
$1.1B
$-338.0K
Q3 25
$240.3M
$163.1M
Q2 25
$293.4M
$151.9M
Q1 25
$252.5M
$-120.3M
Q4 24
$1.1B
$-1.1M
Q3 24
$270.4M
$144.1M
Q2 24
$252.1M
$211.6M
Free Cash Flow
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
$-23.3M
Q3 25
$183.0M
$136.9M
Q2 25
$272.3M
$138.0M
Q1 25
$239.6M
$-131.5M
Q4 24
$1.1B
$-33.2M
Q3 24
$261.5M
$123.7M
Q2 24
$245.0M
$196.8M
FCF Margin
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
-4.9%
Q3 25
46.0%
20.8%
Q2 25
69.0%
19.2%
Q1 25
60.6%
-18.7%
Q4 24
275.3%
-7.5%
Q3 24
67.9%
19.9%
Q2 24
64.4%
28.8%
Capex Intensity
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
4.8%
Q3 25
14.4%
4.0%
Q2 25
5.3%
1.9%
Q1 25
3.3%
1.6%
Q4 24
0.0%
7.2%
Q3 24
2.3%
3.3%
Q2 24
1.9%
2.2%
Cash Conversion
GLPI
GLPI
GOLF
GOLF
Q1 26
Q4 25
4.10×
Q3 25
1.00×
3.36×
Q2 25
1.94×
2.01×
Q1 25
1.53×
-1.21×
Q4 24
4.80×
Q3 24
1.46×
2.56×
Q2 24
1.21×
2.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

GOLF
GOLF

Titleist Golf Equipment$293.8M62%
Footjoy Golf Wear$102.0M21%
Other$45.3M9%
Golf Gear$36.1M8%

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