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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Janus International Group, Inc. (JBI). 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 $219.3M, roughly 1.9× Janus International Group, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 6.9%, a 50.1% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -4.7%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -8.8%).
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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
GLPI vs JBI — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $219.3M |
| Net Profit | $239.4M | $15.2M |
| Gross Margin | — | 39.1% |
| Operating Margin | 79.4% | 13.4% |
| Net Margin | 57.0% | 6.9% |
| Revenue YoY | 6.3% | -4.7% |
| Net Profit YoY | 40.5% | 28.8% |
| EPS (diluted) | — | $0.11 |
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 | — | ||
| Q3 25 | $397.6M | $219.3M | ||
| Q2 25 | $394.9M | $228.1M | ||
| Q1 25 | $395.2M | $210.5M | ||
| Q4 24 | $389.6M | $230.8M | ||
| Q3 24 | $385.3M | $230.1M | ||
| Q2 24 | $380.6M | $248.4M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | — | ||
| Q3 25 | $241.2M | $15.2M | ||
| Q2 25 | $151.4M | $20.7M | ||
| Q1 25 | $165.2M | $10.8M | ||
| Q4 24 | $223.6M | $300.0K | ||
| Q3 24 | $184.7M | $11.8M | ||
| Q2 24 | $208.3M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 43.9% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | — | ||
| Q3 25 | 84.8% | 13.4% | ||
| Q2 25 | 61.3% | 15.8% | ||
| Q1 25 | 65.5% | 12.0% | ||
| Q4 24 | 79.1% | 5.5% | ||
| Q3 24 | 70.4% | 11.6% | ||
| Q2 24 | 77.1% | 20.8% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | — | ||
| Q3 25 | 60.7% | 6.9% | ||
| Q2 25 | 38.4% | 9.1% | ||
| Q1 25 | 41.8% | 5.1% | ||
| Q4 24 | 57.4% | 0.1% | ||
| Q3 24 | 47.9% | 5.1% | ||
| Q2 24 | 54.7% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | — | ||
| Q3 25 | $0.85 | $0.11 | ||
| Q2 25 | $0.54 | $0.15 | ||
| Q1 25 | $0.60 | $0.08 | ||
| Q4 24 | $0.79 | $0.01 | ||
| Q3 24 | $0.67 | $0.08 | ||
| Q2 24 | $0.77 | $0.19 |
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 | $560.8M |
| Total Assets | $13.8B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
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 | $102.1M | ||
| Q2 24 | $560.8M | $110.1M |
| 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 | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.6B | $560.8M | ||
| Q2 25 | $4.6B | $543.8M | ||
| Q1 25 | $4.2B | $526.8M | ||
| Q4 24 | $4.3B | $518.8M | ||
| Q3 24 | $4.3B | $526.6M | ||
| Q2 24 | $4.1B | $556.3M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | — | ||
| Q3 25 | $12.8B | $1.3B | ||
| Q2 25 | $12.5B | $1.3B | ||
| Q1 25 | $12.1B | $1.3B | ||
| Q4 24 | $13.1B | $1.3B | ||
| Q3 24 | $12.7B | $1.3B | ||
| Q2 24 | $11.8B | $1.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $15.0M |
| Free Cash FlowOCF − Capex | — | $8.3M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $240.3M | $15.0M | ||
| Q2 25 | $293.4M | $51.4M | ||
| Q1 25 | $252.5M | $48.3M | ||
| Q4 24 | $1.1B | $51.4M | ||
| Q3 24 | $270.4M | $43.0M | ||
| Q2 24 | $252.1M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | $8.3M | ||
| Q2 25 | $272.3M | $44.6M | ||
| Q1 25 | $239.6M | $41.9M | ||
| Q4 24 | $1.1B | $45.3M | ||
| Q3 24 | $261.5M | $39.3M | ||
| Q2 24 | $245.0M | $25.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | 3.8% | ||
| Q2 25 | 69.0% | 19.6% | ||
| Q1 25 | 60.6% | 19.9% | ||
| Q4 24 | 275.3% | 19.6% | ||
| Q3 24 | 67.9% | 17.1% | ||
| Q2 24 | 64.4% | 10.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | 3.1% | ||
| Q2 25 | 5.3% | 3.0% | ||
| Q1 25 | 3.3% | 3.0% | ||
| Q4 24 | 0.0% | 2.6% | ||
| Q3 24 | 2.3% | 1.6% | ||
| Q2 24 | 1.9% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | 0.99× | ||
| Q2 25 | 1.94× | 2.48× | ||
| Q1 25 | 1.53× | 4.47× | ||
| Q4 24 | 4.80× | 171.33× | ||
| Q3 24 | 1.46× | 3.64× | ||
| Q2 24 | 1.21× | 1.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
