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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and IDEX Corporation (IEX). 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 $398.4M, roughly 1.1× IDEX Corporation). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 30.1%, a 26.9% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 6.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
GLPI vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $398.4M |
| Net Profit | $239.4M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | 79.4% | 43.3% |
| Net Margin | 57.0% | 30.1% |
| Revenue YoY | 6.3% | 16.7% |
| Net Profit YoY | 40.5% | 25.7% |
| EPS (diluted) | — | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $420.0M | $407.7M | ||
| Q4 25 | $407.0M | $899.1M | ||
| Q3 25 | $397.6M | $878.7M | ||
| Q2 25 | $394.9M | $865.4M | ||
| Q1 25 | $395.2M | $814.3M | ||
| Q4 24 | $389.6M | $862.9M | ||
| Q3 24 | $385.3M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $239.4M | $128.3M | ||
| Q4 25 | $275.4M | $128.3M | ||
| Q3 25 | $241.2M | $127.8M | ||
| Q2 25 | $151.4M | $131.6M | ||
| Q1 25 | $165.2M | $95.5M | ||
| Q4 24 | $223.6M | $123.2M | ||
| Q3 24 | $184.7M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.3% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 79.4% | 45.0% | ||
| Q4 25 | 89.3% | 20.4% | ||
| Q3 25 | 84.8% | 21.1% | ||
| Q2 25 | 61.3% | 21.7% | ||
| Q1 25 | 65.5% | 17.4% | ||
| Q4 24 | 79.1% | 19.2% | ||
| Q3 24 | 70.4% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 57.0% | 31.5% | ||
| Q4 25 | 67.6% | 14.3% | ||
| Q3 25 | 60.7% | 14.5% | ||
| Q2 25 | 38.4% | 15.2% | ||
| Q1 25 | 41.8% | 11.7% | ||
| Q4 24 | 57.4% | 14.3% | ||
| Q3 24 | 47.9% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | — | $1.71 | ||
| Q4 25 | $0.96 | $1.71 | ||
| Q3 25 | $0.85 | $1.70 | ||
| Q2 25 | $0.54 | $1.74 | ||
| Q1 25 | $0.60 | $1.26 | ||
| Q4 24 | $0.79 | $1.61 | ||
| Q3 24 | $0.67 | $1.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $274.5M | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $4.0B |
| Total Assets | $13.8B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $274.5M | $580.0M | ||
| Q4 25 | — | $580.0M | ||
| Q3 25 | — | $593.8M | ||
| Q2 25 | — | $568.2M | ||
| Q1 25 | — | $594.1M | ||
| Q4 24 | $560.8M | $620.8M | ||
| Q3 24 | $560.8M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $1.8B | ||
| Q3 25 | $7.2B | $1.9B | ||
| Q2 25 | $6.9B | $1.9B | ||
| Q1 25 | $6.9B | $2.0B | ||
| Q4 24 | $7.7B | $2.0B | ||
| Q3 24 | $7.4B | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $5.0B | $4.0B | ||
| Q4 25 | $4.6B | $4.0B | ||
| Q3 25 | $4.6B | $4.0B | ||
| Q2 25 | $4.6B | $4.0B | ||
| Q1 25 | $4.2B | $3.9B | ||
| Q4 24 | $4.3B | $3.8B | ||
| Q3 24 | $4.3B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $13.8B | $6.9B | ||
| Q4 25 | $12.9B | $6.9B | ||
| Q3 25 | $12.8B | $7.0B | ||
| Q2 25 | $12.5B | $6.9B | ||
| Q1 25 | $12.1B | $6.8B | ||
| Q4 24 | $13.1B | $6.7B | ||
| Q3 24 | $12.7B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.45× | ||
| Q3 25 | 1.57× | 0.48× | ||
| Q2 25 | 1.51× | 0.46× | ||
| Q1 25 | 1.63× | 0.50× | ||
| Q4 24 | 1.81× | 0.52× | ||
| Q3 24 | 1.74× | 0.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | — | $86.0M |
| FCF MarginFCF / Revenue | — | 21.6% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $209.5M | ||
| Q3 25 | $240.3M | $203.5M | ||
| Q2 25 | $293.4M | $161.7M | ||
| Q1 25 | $252.5M | $105.7M | ||
| Q4 24 | $1.1B | $172.6M | ||
| Q3 24 | $270.4M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | — | $189.8M | ||
| Q3 25 | $183.0M | $188.7M | ||
| Q2 25 | $272.3M | $146.9M | ||
| Q1 25 | $239.6M | $91.4M | ||
| Q4 24 | $1.1B | $157.1M | ||
| Q3 24 | $261.5M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | 46.0% | 21.5% | ||
| Q2 25 | 69.0% | 17.0% | ||
| Q1 25 | 60.6% | 11.2% | ||
| Q4 24 | 275.3% | 18.2% | ||
| Q3 24 | 67.9% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | 14.4% | 1.7% | ||
| Q2 25 | 5.3% | 1.7% | ||
| Q1 25 | 3.3% | 1.8% | ||
| Q4 24 | 0.0% | 1.8% | ||
| Q3 24 | 2.3% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.63× | ||
| Q3 25 | 1.00× | 1.59× | ||
| Q2 25 | 1.94× | 1.23× | ||
| Q1 25 | 1.53× | 1.11× | ||
| Q4 24 | 4.80× | 1.40× | ||
| Q3 24 | 1.46× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
