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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Innovex International, Inc. (INVX). 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 $273.6M, roughly 1.5× Innovex International, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 5.1%, a 51.9% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs 6.3%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 5.0%).
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.
GLPI vs INVX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $273.6M |
| Net Profit | $239.4M | $14.0M |
| Gross Margin | — | 28.9% |
| Operating Margin | 79.4% | 9.4% |
| Net Margin | 57.0% | 5.1% |
| Revenue YoY | 6.3% | 9.1% |
| Net Profit YoY | 40.5% | -56.1% |
| EPS (diluted) | — | $0.20 |
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.
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $273.6M | ||
| Q3 25 | $397.6M | $240.0M | ||
| Q2 25 | $394.9M | $224.2M | ||
| Q1 25 | $395.2M | $240.4M | ||
| Q4 24 | $389.6M | $250.7M | ||
| Q3 24 | $385.3M | $151.8M | ||
| Q2 24 | $380.6M | $130.3M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $14.0M | ||
| Q3 25 | $241.2M | $39.2M | ||
| Q2 25 | $151.4M | $15.3M | ||
| Q1 25 | $165.2M | $14.8M | ||
| Q4 24 | $223.6M | $31.8M | ||
| Q3 24 | $184.7M | $82.6M | ||
| Q2 24 | $208.3M | $9.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.6% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.3% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 9.4% | ||
| Q3 25 | 84.8% | 26.0% | ||
| Q2 25 | 61.3% | 10.1% | ||
| Q1 25 | 65.5% | 9.1% | ||
| Q4 24 | 79.1% | 10.7% | ||
| Q3 24 | 70.4% | -8.7% | ||
| Q2 24 | 77.1% | 10.0% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 5.1% | ||
| Q3 25 | 60.7% | 16.3% | ||
| Q2 25 | 38.4% | 6.8% | ||
| Q1 25 | 41.8% | 6.1% | ||
| Q4 24 | 57.4% | 12.7% | ||
| Q3 24 | 47.9% | 54.4% | ||
| Q2 24 | 54.7% | 7.3% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.20 | ||
| Q3 25 | $0.85 | $0.57 | ||
| Q2 25 | $0.54 | $0.22 | ||
| Q1 25 | $0.60 | $0.21 | ||
| Q4 24 | $0.79 | $-0.03 | ||
| Q3 24 | $0.67 | $1.99 | ||
| Q2 24 | $0.77 | $0.30 |
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 | — |
| Total DebtLower is stronger | — | $18.9M |
| Stockholders' EquityBook value | $5.0B | $1.1B |
| Total Assets | $13.8B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $560.8M | — | ||
| Q3 24 | $560.8M | — | ||
| Q2 24 | $560.8M | $185.6M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $18.9M | ||
| Q3 25 | $7.2B | $20.1M | ||
| Q2 25 | $6.9B | $34.8M | ||
| Q1 25 | $6.9B | $19.7M | ||
| Q4 24 | $7.7B | $24.9M | ||
| Q3 24 | $7.4B | $12.4M | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $1.1B | ||
| Q3 25 | $4.6B | $1.0B | ||
| Q2 25 | $4.6B | $995.6M | ||
| Q1 25 | $4.2B | $978.4M | ||
| Q4 24 | $4.3B | $958.2M | ||
| Q3 24 | $4.3B | $904.4M | ||
| Q2 24 | $4.1B | $352.5M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $1.3B | ||
| Q3 25 | $12.8B | $1.3B | ||
| Q2 25 | $12.5B | $1.2B | ||
| Q1 25 | $12.1B | $1.2B | ||
| Q4 24 | $13.1B | $1.2B | ||
| Q3 24 | $12.7B | $1.1B | ||
| Q2 24 | $11.8B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.02× | ||
| Q3 25 | 1.57× | 0.02× | ||
| Q2 25 | 1.51× | 0.03× | ||
| Q1 25 | 1.63× | 0.02× | ||
| Q4 24 | 1.81× | 0.03× | ||
| Q3 24 | 1.74× | 0.01× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $52.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $52.2M | ||
| Q3 25 | $240.3M | $48.4M | ||
| Q2 25 | $293.4M | $59.2M | ||
| Q1 25 | $252.5M | $31.1M | ||
| Q4 24 | $1.1B | $36.3M | ||
| Q3 24 | $270.4M | $21.7M | ||
| Q2 24 | $252.1M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | — | ||
| Q2 25 | $272.3M | — | ||
| Q1 25 | $239.6M | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $261.5M | — | ||
| Q2 24 | $245.0M | $16.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | — | ||
| Q2 25 | 69.0% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 275.3% | — | ||
| Q3 24 | 67.9% | — | ||
| Q2 24 | 64.4% | 12.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.9% | 4.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 3.74× | ||
| Q3 25 | 1.00× | 1.23× | ||
| Q2 25 | 1.94× | 3.86× | ||
| Q1 25 | 1.53× | 2.11× | ||
| Q4 24 | 4.80× | 1.14× | ||
| Q3 24 | 1.46× | 0.26× | ||
| Q2 24 | 1.21× | 2.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
