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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Iridium Communications Inc. (IRDM). 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 $219.1M, roughly 1.9× Iridium Communications Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 9.9%, a 47.1% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 1.9%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 4.4%).
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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
GLPI vs IRDM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $219.1M |
| Net Profit | $239.4M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 23.2% |
| Net Margin | 57.0% | 9.9% |
| Revenue YoY | 6.3% | 1.9% |
| 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.
| Q1 26 | $420.0M | $219.1M | ||
| Q4 25 | $407.0M | $212.9M | ||
| Q3 25 | $397.6M | $226.9M | ||
| Q2 25 | $394.9M | $216.9M | ||
| Q1 25 | $395.2M | $214.9M | ||
| Q4 24 | $389.6M | $213.0M | ||
| Q3 24 | $385.3M | $212.8M | ||
| Q2 24 | $380.6M | $201.1M |
| Q1 26 | $239.4M | $21.6M | ||
| Q4 25 | $275.4M | $24.9M | ||
| Q3 25 | $241.2M | $37.1M | ||
| Q2 25 | $151.4M | $22.0M | ||
| Q1 25 | $165.2M | $30.4M | ||
| Q4 24 | $223.6M | $36.3M | ||
| Q3 24 | $184.7M | $24.4M | ||
| Q2 24 | $208.3M | $32.3M |
| Q1 26 | 79.4% | 23.2% | ||
| Q4 25 | 89.3% | 25.9% | ||
| Q3 25 | 84.8% | 30.9% | ||
| Q2 25 | 61.3% | 23.2% | ||
| Q1 25 | 65.5% | 28.1% | ||
| Q4 24 | 79.1% | 24.5% | ||
| Q3 24 | 70.4% | 25.8% | ||
| Q2 24 | 77.1% | 21.7% |
| Q1 26 | 57.0% | 9.9% | ||
| Q4 25 | 67.6% | 11.7% | ||
| Q3 25 | 60.7% | 16.4% | ||
| Q2 25 | 38.4% | 10.1% | ||
| Q1 25 | 41.8% | 14.2% | ||
| Q4 24 | 57.4% | 17.1% | ||
| Q3 24 | 47.9% | 11.5% | ||
| Q2 24 | 54.7% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.24 | ||
| Q3 25 | $0.85 | $0.35 | ||
| Q2 25 | $0.54 | $0.20 | ||
| Q1 25 | $0.60 | $0.27 | ||
| Q4 24 | $0.79 | $0.30 | ||
| Q3 24 | $0.67 | $0.21 | ||
| Q2 24 | $0.77 | $0.27 |
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 | — | — |
| Stockholders' EquityBook value | $5.0B | — |
| Total Assets | $13.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $96.5M | ||
| Q3 25 | — | $88.5M | ||
| Q2 25 | — | $79.3M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | $560.8M | $93.5M | ||
| Q3 24 | $560.8M | $159.6M | ||
| Q2 24 | $560.8M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $1.8B | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | $1.8B | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $462.6M | ||
| Q3 25 | $4.6B | $450.5M | ||
| Q2 25 | $4.6B | $473.6M | ||
| Q1 25 | $4.2B | $518.4M | ||
| Q4 24 | $4.3B | $576.6M | ||
| Q3 24 | $4.3B | $663.8M | ||
| Q2 24 | $4.1B | $786.7M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.5B | ||
| Q3 25 | $12.8B | $2.6B | ||
| Q2 25 | $12.5B | $2.6B | ||
| Q1 25 | $12.1B | $2.6B | ||
| Q4 24 | $13.1B | $2.7B | ||
| Q3 24 | $12.7B | $2.8B | ||
| Q2 24 | $11.8B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 3.80× | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.81× | 3.05× | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
