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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Grand Canyon Education, Inc. (LOPE). 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 $308.1M, roughly 1.4× Grand Canyon Education, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 28.1%, a 28.9% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 5.3%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% 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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
GLPI vs LOPE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $308.1M |
| Net Profit | $239.4M | $86.7M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 35.1% |
| Net Margin | 57.0% | 28.1% |
| Revenue YoY | 6.3% | 5.3% |
| Net Profit YoY | 40.5% | 5.9% |
| EPS (diluted) | — | $3.13 |
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 | $308.1M | ||
| Q3 25 | $397.6M | $261.1M | ||
| Q2 25 | $394.9M | $247.5M | ||
| Q1 25 | $395.2M | $289.3M | ||
| Q4 24 | $389.6M | $292.6M | ||
| Q3 24 | $385.3M | $238.3M | ||
| Q2 24 | $380.6M | $227.5M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $86.7M | ||
| Q3 25 | $241.2M | $16.3M | ||
| Q2 25 | $151.4M | $41.5M | ||
| Q1 25 | $165.2M | $71.6M | ||
| Q4 24 | $223.6M | $81.9M | ||
| Q3 24 | $184.7M | $41.5M | ||
| Q2 24 | $208.3M | $34.9M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 35.1% | ||
| Q3 25 | 84.8% | 6.9% | ||
| Q2 25 | 61.3% | 20.9% | ||
| Q1 25 | 65.5% | 30.4% | ||
| Q4 24 | 79.1% | 34.2% | ||
| Q3 24 | 70.4% | 20.2% | ||
| Q2 24 | 77.1% | 18.8% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 28.1% | ||
| Q3 25 | 60.7% | 6.2% | ||
| Q2 25 | 38.4% | 16.8% | ||
| Q1 25 | 41.8% | 24.8% | ||
| Q4 24 | 57.4% | 28.0% | ||
| Q3 24 | 47.9% | 17.4% | ||
| Q2 24 | 54.7% | 15.3% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $3.13 | ||
| Q3 25 | $0.85 | $0.58 | ||
| Q2 25 | $0.54 | $1.48 | ||
| Q1 25 | $0.60 | $2.52 | ||
| Q4 24 | $0.79 | $2.83 | ||
| Q3 24 | $0.67 | $1.42 | ||
| Q2 24 | $0.77 | $1.19 |
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 | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $746.9M |
| Total Assets | $13.8B | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $111.8M | ||
| Q3 25 | — | $97.3M | ||
| Q2 25 | — | $192.3M | ||
| Q1 25 | — | $144.5M | ||
| Q4 24 | $560.8M | $324.6M | ||
| Q3 24 | $560.8M | $263.6M | ||
| Q2 24 | $560.8M | $241.3M |
| 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 | $746.9M | ||
| Q3 25 | $4.6B | $758.0M | ||
| Q2 25 | $4.6B | $778.0M | ||
| Q1 25 | $4.2B | $780.7M | ||
| Q4 24 | $4.3B | $783.9M | ||
| Q3 24 | $4.3B | $764.1M | ||
| Q2 24 | $4.1B | $759.2M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $992.3M | ||
| Q3 25 | $12.8B | $1.0B | ||
| Q2 25 | $12.5B | $1.0B | ||
| Q1 25 | $12.1B | $1.0B | ||
| Q4 24 | $13.1B | $1.0B | ||
| Q3 24 | $12.7B | $992.9M | ||
| Q2 24 | $11.8B | $992.7M |
| 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 | — | $130.5M |
| Free Cash FlowOCF − Capex | — | $122.9M |
| FCF MarginFCF / Revenue | — | 39.9% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $130.5M | ||
| Q3 25 | $240.3M | $-48.6M | ||
| Q2 25 | $293.4M | $124.0M | ||
| Q1 25 | $252.5M | $67.6M | ||
| Q4 24 | $1.1B | $135.8M | ||
| Q3 24 | $270.4M | $-29.4M | ||
| Q2 24 | $252.1M | $98.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $122.9M | ||
| Q3 25 | $183.0M | $-58.3M | ||
| Q2 25 | $272.3M | $115.4M | ||
| Q1 25 | $239.6M | $58.7M | ||
| Q4 24 | $1.1B | $126.1M | ||
| Q3 24 | $261.5M | $-39.0M | ||
| Q2 24 | $245.0M | $89.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.9% | ||
| Q3 25 | 46.0% | -22.3% | ||
| Q2 25 | 69.0% | 46.6% | ||
| Q1 25 | 60.6% | 20.3% | ||
| Q4 24 | 275.3% | 43.1% | ||
| Q3 24 | 67.9% | -16.3% | ||
| Q2 24 | 64.4% | 39.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | 14.4% | 3.7% | ||
| Q2 25 | 5.3% | 3.5% | ||
| Q1 25 | 3.3% | 3.1% | ||
| Q4 24 | 0.0% | 3.3% | ||
| Q3 24 | 2.3% | 4.0% | ||
| Q2 24 | 1.9% | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.50× | ||
| Q3 25 | 1.00× | -2.99× | ||
| Q2 25 | 1.94× | 2.98× | ||
| Q1 25 | 1.53× | 0.94× | ||
| Q4 24 | 4.80× | 1.66× | ||
| Q3 24 | 1.46× | -0.71× | ||
| Q2 24 | 1.21× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
