vs

Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and HUTCHMED (China) Ltd (HCM). 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 $270.8M, roughly 1.6× HUTCHMED (China) Ltd). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 0.7%, a 56.3% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -16.5%).

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.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

GLPI vs HCM — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.6× larger
GLPI
$420.0M
$270.8M
HCM
Growing faster (revenue YoY)
GLPI
GLPI
+22.8% gap
GLPI
6.3%
-16.5%
HCM
Higher net margin
GLPI
GLPI
56.3% more per $
GLPI
57.0%
0.7%
HCM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
HCM
HCM
Revenue
$420.0M
$270.8M
Net Profit
$239.4M
$2.0M
Gross Margin
37.7%
Operating Margin
79.4%
-13.2%
Net Margin
57.0%
0.7%
Revenue YoY
6.3%
-16.5%
Net Profit YoY
40.5%
-83.6%
EPS (diluted)
$0.00

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
HCM
HCM
Q1 26
$420.0M
Q4 25
$407.0M
$270.8M
Q3 25
$397.6M
Q2 25
$394.9M
$277.7M
Q1 25
$395.2M
$324.5M
Q4 24
$389.6M
Q3 24
$385.3M
Q2 24
$380.6M
$305.7M
Net Profit
GLPI
GLPI
HCM
HCM
Q1 26
$239.4M
Q4 25
$275.4M
$2.0M
Q3 25
$241.2M
Q2 25
$151.4M
$455.0M
Q1 25
$165.2M
$11.9M
Q4 24
$223.6M
Q3 24
$184.7M
Q2 24
$208.3M
$25.8M
Gross Margin
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Operating Margin
GLPI
GLPI
HCM
HCM
Q1 26
79.4%
Q4 25
89.3%
-13.2%
Q3 25
84.8%
Q2 25
61.3%
-1.3%
Q1 25
65.5%
-5.0%
Q4 24
79.1%
Q3 24
70.4%
Q2 24
77.1%
-9.0%
Net Margin
GLPI
GLPI
HCM
HCM
Q1 26
57.0%
Q4 25
67.6%
0.7%
Q3 25
60.7%
Q2 25
38.4%
163.8%
Q1 25
41.8%
3.7%
Q4 24
57.4%
Q3 24
47.9%
Q2 24
54.7%
8.4%
EPS (diluted)
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
$0.96
$0.00
Q3 25
$0.85
Q2 25
$0.54
$0.52
Q1 25
$0.60
$0.01
Q4 24
$0.79
Q3 24
$0.67
Q2 24
$0.77
$0.03

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$274.5M
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$5.0B
$1.2B
Total Assets
$13.8B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
HCM
HCM
Q1 26
$274.5M
Q4 25
$1.4B
Q3 25
Q2 25
$1.4B
Q1 25
$836.1M
Q4 24
$560.8M
Q3 24
$560.8M
Q2 24
$560.8M
$802.5M
Total Debt
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
$7.2B
$93.2M
Q3 25
$7.2B
Q2 25
$6.9B
$93.4M
Q1 25
$6.9B
$82.8M
Q4 24
$7.7B
Q3 24
$7.4B
Q2 24
$6.6B
$82.1M
Stockholders' Equity
GLPI
GLPI
HCM
HCM
Q1 26
$5.0B
Q4 25
$4.6B
$1.2B
Q3 25
$4.6B
Q2 25
$4.6B
$1.2B
Q1 25
$4.2B
$759.9M
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.1B
$740.1M
Total Assets
GLPI
GLPI
HCM
HCM
Q1 26
$13.8B
Q4 25
$12.9B
$1.8B
Q3 25
$12.8B
Q2 25
$12.5B
$1.8B
Q1 25
$12.1B
$1.3B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$11.8B
$1.3B
Debt / Equity
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
1.56×
0.08×
Q3 25
1.57×
Q2 25
1.51×
0.08×
Q1 25
1.63×
0.11×
Q4 24
1.81×
Q3 24
1.74×
Q2 24
1.60×
0.11×

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
HCM
HCM
Operating Cash FlowLast quarter
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
$1.1B
$8.2M
Q3 25
$240.3M
Q2 25
$293.4M
$-72.9M
Q1 25
$252.5M
$40.3M
Q4 24
$1.1B
Q3 24
$270.4M
Q2 24
$252.1M
$-39.8M
Free Cash Flow
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
$3.4M
Q3 25
$183.0M
Q2 25
$272.3M
$-82.2M
Q1 25
$239.6M
$32.5M
Q4 24
$1.1B
Q3 24
$261.5M
Q2 24
$245.0M
$-49.9M
FCF Margin
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
1.2%
Q3 25
46.0%
Q2 25
69.0%
-29.6%
Q1 25
60.6%
10.0%
Q4 24
275.3%
Q3 24
67.9%
Q2 24
64.4%
-16.3%
Capex Intensity
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
1.8%
Q3 25
14.4%
Q2 25
5.3%
3.3%
Q1 25
3.3%
2.4%
Q4 24
0.0%
Q3 24
2.3%
Q2 24
1.9%
3.3%
Cash Conversion
GLPI
GLPI
HCM
HCM
Q1 26
Q4 25
4.10×
4.21×
Q3 25
1.00×
Q2 25
1.94×
-0.16×
Q1 25
1.53×
3.38×
Q4 24
4.80×
Q3 24
1.46×
Q2 24
1.21×
-1.54×

Financial Flow Comparison

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

Related Comparisons