vs

Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Koppers Holdings Inc. (KOP). Click either name above to swap in a different company.

Koppers Holdings Inc. is the larger business by last-quarter revenue ($432.7M vs $420.0M, roughly 1.0× Gaming & Leisure Properties, 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 -9.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -6.7%).

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.

Koppers is a global chemical and materials company based in Pittsburgh, Pennsylvania, United States. Its headquarters is an art-deco 1920s skyscraper, the Koppers Tower.

GLPI vs KOP — Head-to-Head

Bigger by revenue
KOP
KOP
1.0× larger
KOP
$432.7M
$420.0M
GLPI
Growing faster (revenue YoY)
GLPI
GLPI
+15.6% gap
GLPI
6.3%
-9.3%
KOP
Higher net margin
GLPI
GLPI
50.1% more per $
GLPI
57.0%
6.9%
KOP
Faster 2-yr revenue CAGR
GLPI
GLPI
Annualised
GLPI
5.0%
-6.7%
KOP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
KOP
KOP
Revenue
$420.0M
$432.7M
Net Profit
$239.4M
$29.7M
Gross Margin
25.6%
Operating Margin
79.4%
11.5%
Net Margin
57.0%
6.9%
Revenue YoY
6.3%
-9.3%
Net Profit YoY
40.5%
391.2%
EPS (diluted)
$1.44

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
KOP
KOP
Q1 26
$420.0M
Q4 25
$407.0M
$432.7M
Q3 25
$397.6M
$485.3M
Q2 25
$394.9M
$504.8M
Q1 25
$395.2M
$456.5M
Q4 24
$389.6M
$477.0M
Q3 24
$385.3M
$554.3M
Q2 24
$380.6M
$563.2M
Net Profit
GLPI
GLPI
KOP
KOP
Q1 26
$239.4M
Q4 25
$275.4M
$29.7M
Q3 25
$241.2M
$23.8M
Q2 25
$151.4M
$16.4M
Q1 25
$165.2M
$-13.9M
Q4 24
$223.6M
$-10.2M
Q3 24
$184.7M
$22.8M
Q2 24
$208.3M
$26.8M
Gross Margin
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
25.6%
Q3 25
24.1%
Q2 25
22.6%
Q1 25
23.2%
Q4 24
17.5%
Q3 24
21.9%
Q2 24
21.6%
Operating Margin
GLPI
GLPI
KOP
KOP
Q1 26
79.4%
Q4 25
89.3%
11.5%
Q3 25
84.8%
10.7%
Q2 25
61.3%
7.7%
Q1 25
65.5%
5.9%
Q4 24
79.1%
1.3%
Q3 24
70.4%
9.0%
Q2 24
77.1%
10.2%
Net Margin
GLPI
GLPI
KOP
KOP
Q1 26
57.0%
Q4 25
67.6%
6.9%
Q3 25
60.7%
4.9%
Q2 25
38.4%
3.2%
Q1 25
41.8%
-3.0%
Q4 24
57.4%
-2.1%
Q3 24
47.9%
4.1%
Q2 24
54.7%
4.8%
EPS (diluted)
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
$0.96
$1.44
Q3 25
$0.85
$1.17
Q2 25
$0.54
$0.81
Q1 25
$0.60
$-0.68
Q4 24
$0.79
$-0.47
Q3 24
$0.67
$1.09
Q2 24
$0.77
$1.25

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
KOP
KOP
Cash + ST InvestmentsLiquidity on hand
$274.5M
Total DebtLower is stronger
$928.3M
Stockholders' EquityBook value
$5.0B
$574.0M
Total Assets
$13.8B
$1.9B
Debt / EquityLower = less leverage
1.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
KOP
KOP
Q1 26
$274.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$560.8M
Q3 24
$560.8M
Q2 24
$560.8M
Total Debt
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
$7.2B
$928.3M
Q3 25
$7.2B
$932.9M
Q2 25
$6.9B
$977.5M
Q1 25
$6.9B
$989.0M
Q4 24
$7.7B
$939.5M
Q3 24
$7.4B
$989.4M
Q2 24
$6.6B
$1.0B
Stockholders' Equity
GLPI
GLPI
KOP
KOP
Q1 26
$5.0B
Q4 25
$4.6B
$574.0M
Q3 25
$4.6B
$545.6M
Q2 25
$4.6B
$526.8M
Q1 25
$4.2B
$498.0M
Q4 24
$4.3B
$488.7M
Q3 24
$4.3B
$532.3M
Q2 24
$4.1B
$509.2M
Total Assets
GLPI
GLPI
KOP
KOP
Q1 26
$13.8B
Q4 25
$12.9B
$1.9B
Q3 25
$12.8B
$1.9B
Q2 25
$12.5B
$1.9B
Q1 25
$12.1B
$1.9B
Q4 24
$13.1B
$1.9B
Q3 24
$12.7B
$2.0B
Q2 24
$11.8B
$1.9B
Debt / Equity
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
1.56×
1.62×
Q3 25
1.57×
1.71×
Q2 25
1.51×
1.86×
Q1 25
1.63×
1.99×
Q4 24
1.81×
1.92×
Q3 24
1.74×
1.86×
Q2 24
1.60×
1.97×

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
KOP
KOP
Operating Cash FlowLast quarter
$45.1M
Free Cash FlowOCF − Capex
$28.5M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$67.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
$1.1B
$45.1M
Q3 25
$240.3M
$49.6M
Q2 25
$293.4M
$50.5M
Q1 25
$252.5M
$-22.7M
Q4 24
$1.1B
$74.7M
Q3 24
$270.4M
$29.8M
Q2 24
$252.1M
$27.2M
Free Cash Flow
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
$28.5M
Q3 25
$183.0M
$37.6M
Q2 25
$272.3M
$38.4M
Q1 25
$239.6M
$-37.0M
Q4 24
$1.1B
$56.1M
Q3 24
$261.5M
$14.4M
Q2 24
$245.0M
$10.1M
FCF Margin
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
6.6%
Q3 25
46.0%
7.7%
Q2 25
69.0%
7.6%
Q1 25
60.6%
-8.1%
Q4 24
275.3%
11.8%
Q3 24
67.9%
2.6%
Q2 24
64.4%
1.8%
Capex Intensity
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
3.8%
Q3 25
14.4%
2.5%
Q2 25
5.3%
2.4%
Q1 25
3.3%
3.1%
Q4 24
0.0%
3.9%
Q3 24
2.3%
2.8%
Q2 24
1.9%
3.0%
Cash Conversion
GLPI
GLPI
KOP
KOP
Q1 26
Q4 25
4.10×
1.52×
Q3 25
1.00×
2.08×
Q2 25
1.94×
3.08×
Q1 25
1.53×
Q4 24
4.80×
Q3 24
1.46×
1.31×
Q2 24
1.21×
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

KOP
KOP

Other$127.8M30%
Railroad Treated Products$119.0M28%
Utility Poles$79.8M18%
Pitch And Related Products$74.1M17%
Carbon Black Feedstock And Distillates$14.4M3%
Railroad Infrastructure Products And Services$9.9M2%
Phthalic Anhydride Naphthalene And Other Chemicals$7.7M2%

Related Comparisons