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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Guardian Pharmacy Services, Inc. (GRDN). 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 $397.6M, roughly 1.1× Guardian Pharmacy Services, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 5.3%, a 51.7% gap on every dollar of revenue.

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.

CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963.

GLPI vs GRDN — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.1× larger
GLPI
$420.0M
$397.6M
GRDN
Higher net margin
GLPI
GLPI
51.7% more per $
GLPI
57.0%
5.3%
GRDN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
GRDN
GRDN
Revenue
$420.0M
$397.6M
Net Profit
$239.4M
$20.9M
Gross Margin
21.5%
Operating Margin
79.4%
7.7%
Net Margin
57.0%
5.3%
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
GLPI
GLPI
GRDN
GRDN
Q1 26
$420.0M
Q4 25
$407.0M
$397.6M
Q3 25
$397.6M
$377.4M
Q2 25
$394.9M
$344.3M
Q1 25
$395.2M
$329.3M
Q4 24
$389.6M
Q3 24
$385.3M
$314.4M
Q2 24
$380.6M
Net Profit
GLPI
GLPI
GRDN
GRDN
Q1 26
$239.4M
Q4 25
$275.4M
$20.9M
Q3 25
$241.2M
$9.8M
Q2 25
$151.4M
$9.0M
Q1 25
$165.2M
$9.4M
Q4 24
$223.6M
Q3 24
$184.7M
$-122.0M
Q2 24
$208.3M
Gross Margin
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
21.5%
Q3 25
19.8%
Q2 25
19.8%
Q1 25
19.5%
Q4 24
Q3 24
19.4%
Q2 24
Operating Margin
GLPI
GLPI
GRDN
GRDN
Q1 26
79.4%
Q4 25
89.3%
7.7%
Q3 25
84.8%
4.3%
Q2 25
61.3%
3.7%
Q1 25
65.5%
3.9%
Q4 24
79.1%
Q3 24
70.4%
-33.3%
Q2 24
77.1%
Net Margin
GLPI
GLPI
GRDN
GRDN
Q1 26
57.0%
Q4 25
67.6%
5.3%
Q3 25
60.7%
2.6%
Q2 25
38.4%
2.6%
Q1 25
41.8%
2.9%
Q4 24
57.4%
Q3 24
47.9%
-38.8%
Q2 24
54.7%
EPS (diluted)
GLPI
GLPI
GRDN
GRDN
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
GLPI
GLPI
GRDN
GRDN
Cash + ST InvestmentsLiquidity on hand
$274.5M
$65.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$5.0B
$217.9M
Total Assets
$13.8B
$412.7M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
GRDN
GRDN
Q1 26
$274.5M
Q4 25
$65.6M
Q3 25
$36.5M
Q2 25
$18.8M
Q1 25
$14.0M
Q4 24
$560.8M
Q3 24
$560.8M
$37.2M
Q2 24
$560.8M
Total Debt
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
$7.2B
$0
Q3 25
$7.2B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$7.7B
Q3 24
$7.4B
$34.3M
Q2 24
$6.6B
Stockholders' Equity
GLPI
GLPI
GRDN
GRDN
Q1 26
$5.0B
Q4 25
$4.6B
$217.9M
Q3 25
$4.6B
$195.5M
Q2 25
$4.6B
$179.7M
Q1 25
$4.2B
$163.2M
Q4 24
$4.3B
Q3 24
$4.3B
$133.9M
Q2 24
$4.1B
Total Assets
GLPI
GLPI
GRDN
GRDN
Q1 26
$13.8B
Q4 25
$12.9B
$412.7M
Q3 25
$12.8B
$390.0M
Q2 25
$12.5B
$356.3M
Q1 25
$12.1B
$334.0M
Q4 24
$13.1B
Q3 24
$12.7B
$348.0M
Q2 24
$11.8B
Debt / Equity
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
1.56×
0.00×
Q3 25
1.57×
Q2 25
1.51×
Q1 25
1.63×
Q4 24
1.81×
Q3 24
1.74×
0.26×
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
GRDN
GRDN
Operating Cash FlowLast quarter
$34.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
$1.1B
$34.6M
Q3 25
$240.3M
$28.2M
Q2 25
$293.4M
$19.9M
Q1 25
$252.5M
$17.6M
Q4 24
$1.1B
Q3 24
$270.4M
Q2 24
$252.1M
Free Cash Flow
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
Q3 25
$183.0M
$24.2M
Q2 25
$272.3M
Q1 25
$239.6M
Q4 24
$1.1B
Q3 24
$261.5M
Q2 24
$245.0M
FCF Margin
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
Q3 25
46.0%
6.4%
Q2 25
69.0%
Q1 25
60.6%
Q4 24
275.3%
Q3 24
67.9%
Q2 24
64.4%
Capex Intensity
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
Q3 25
14.4%
1.1%
Q2 25
5.3%
Q1 25
3.3%
Q4 24
0.0%
Q3 24
2.3%
Q2 24
1.9%
Cash Conversion
GLPI
GLPI
GRDN
GRDN
Q1 26
Q4 25
4.10×
1.65×
Q3 25
1.00×
2.87×
Q2 25
1.94×
2.21×
Q1 25
1.53×
1.86×
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.

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