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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Indivior Pharmaceuticals, Inc. (INDV). 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 $357.0M, roughly 1.2× Indivior Pharmaceuticals, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 28.9%, a 28.1% 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.

Indivior is a global specialty pharmaceutical company dedicated to developing and commercializing evidence-based treatments for substance use disorders such as opioid use disorder and alcohol dependence, as well as related mental health conditions. Its primary operating markets are North America and Europe, with a portfolio of approved therapies targeting unmet medical needs for underserved patient groups.

GLPI vs INDV — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.2× larger
GLPI
$420.0M
$357.0M
INDV
Higher net margin
GLPI
GLPI
28.1% more per $
GLPI
57.0%
28.9%
INDV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
INDV
INDV
Revenue
$420.0M
$357.0M
Net Profit
$239.4M
$103.0M
Gross Margin
82.1%
Operating Margin
79.4%
22.7%
Net Margin
57.0%
28.9%
Revenue YoY
6.3%
Net Profit YoY
40.5%
390.5%
EPS (diluted)
$0.79

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
INDV
INDV
Q1 26
$420.0M
Q4 25
$407.0M
$357.0M
Q3 25
$397.6M
$314.0M
Q2 25
$394.9M
$302.0M
Q1 25
$395.2M
$266.0M
Q4 24
$389.6M
Q3 24
$385.3M
$307.0M
Q2 24
$380.6M
$299.0M
Net Profit
GLPI
GLPI
INDV
INDV
Q1 26
$239.4M
Q4 25
$275.4M
$103.0M
Q3 25
$241.2M
$42.0M
Q2 25
$151.4M
$18.0M
Q1 25
$165.2M
$47.0M
Q4 24
$223.6M
Q3 24
$184.7M
$22.0M
Q2 24
$208.3M
$-97.0M
Gross Margin
GLPI
GLPI
INDV
INDV
Q1 26
Q4 25
82.1%
Q3 25
73.2%
Q2 25
82.8%
Q1 25
83.1%
Q4 24
Q3 24
78.5%
Q2 24
73.6%
Operating Margin
GLPI
GLPI
INDV
INDV
Q1 26
79.4%
Q4 25
89.3%
22.7%
Q3 25
84.8%
13.7%
Q2 25
61.3%
23.8%
Q1 25
65.5%
24.8%
Q4 24
79.1%
Q3 24
70.4%
11.4%
Q2 24
77.1%
-39.5%
Net Margin
GLPI
GLPI
INDV
INDV
Q1 26
57.0%
Q4 25
67.6%
28.9%
Q3 25
60.7%
13.4%
Q2 25
38.4%
6.0%
Q1 25
41.8%
17.7%
Q4 24
57.4%
Q3 24
47.9%
7.2%
Q2 24
54.7%
-32.4%
EPS (diluted)
GLPI
GLPI
INDV
INDV
Q1 26
Q4 25
$0.96
$0.79
Q3 25
$0.85
$0.33
Q2 25
$0.54
$0.14
Q1 25
$0.60
$0.38
Q4 24
$0.79
Q3 24
$0.67
$0.16
Q2 24
$0.77
$-0.72

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
INDV
INDV
Cash + ST InvestmentsLiquidity on hand
$274.5M
$195.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$-98.0M
Total Assets
$13.8B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
INDV
INDV
Q1 26
$274.5M
Q4 25
$195.0M
Q3 25
$445.0M
Q2 25
$510.0M
Q1 25
$373.0M
Q4 24
$560.8M
Q3 24
$560.8M
Q2 24
$560.8M
Total Debt
GLPI
GLPI
INDV
INDV
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
GLPI
GLPI
INDV
INDV
Q1 26
$5.0B
Q4 25
$4.6B
$-98.0M
Q3 25
$4.6B
$-207.0M
Q2 25
$4.6B
$-257.0M
Q1 25
$4.2B
$-285.0M
Q4 24
$4.3B
Q3 24
$4.3B
$-310.0M
Q2 24
$4.1B
$-281.0M
Total Assets
GLPI
GLPI
INDV
INDV
Q1 26
$13.8B
Q4 25
$12.9B
$1.2B
Q3 25
$12.8B
$1.4B
Q2 25
$12.5B
$1.5B
Q1 25
$12.1B
$1.4B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$11.8B
Debt / Equity
GLPI
GLPI
INDV
INDV
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
GLPI
GLPI
INDV
INDV
Operating Cash FlowLast quarter
$-221.0M
Free Cash FlowOCF − Capex
$-245.0M
FCF MarginFCF / Revenue
-68.6%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
-2.15×
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
INDV
INDV
Q1 26
Q4 25
$1.1B
$-221.0M
Q3 25
$240.3M
$-39.0M
Q2 25
$293.4M
$158.0M
Q1 25
$252.5M
$75.0M
Q4 24
$1.1B
Q3 24
$270.4M
$2.0M
Q2 24
$252.1M
$88.0M
Free Cash Flow
GLPI
GLPI
INDV
INDV
Q1 26
Q4 25
$-245.0M
Q3 25
$183.0M
$-59.0M
Q2 25
$272.3M
$141.0M
Q1 25
$239.6M
$70.0M
Q4 24
$1.1B
Q3 24
$261.5M
$-5.0M
Q2 24
$245.0M
$84.0M
FCF Margin
GLPI
GLPI
INDV
INDV
Q1 26
Q4 25
-68.6%
Q3 25
46.0%
-18.8%
Q2 25
69.0%
46.7%
Q1 25
60.6%
26.3%
Q4 24
275.3%
Q3 24
67.9%
-1.6%
Q2 24
64.4%
28.1%
Capex Intensity
GLPI
GLPI
INDV
INDV
Q1 26
Q4 25
6.7%
Q3 25
14.4%
6.4%
Q2 25
5.3%
5.6%
Q1 25
3.3%
1.9%
Q4 24
0.0%
Q3 24
2.3%
2.3%
Q2 24
1.9%
1.3%
Cash Conversion
GLPI
GLPI
INDV
INDV
Q1 26
Q4 25
4.10×
-2.15×
Q3 25
1.00×
-0.93×
Q2 25
1.94×
8.78×
Q1 25
1.53×
1.60×
Q4 24
4.80×
Q3 24
1.46×
0.09×
Q2 24
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

INDV
INDV

Sublocade$233.0M65%
Sublingual And Other$69.0M19%
Other$49.0M14%
Perseris$6.0M2%

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