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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Life Time Group Holdings, Inc. is the larger business by last-quarter revenue ($745.1M vs $420.0M, roughly 1.8× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 16.5%, a 40.5% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (12.3% vs 6.3%). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% 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.
Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.
GLPI vs LTH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $745.1M |
| Net Profit | $239.4M | $123.0M |
| Gross Margin | — | 49.1% |
| Operating Margin | 79.4% | 17.4% |
| Net Margin | 57.0% | 16.5% |
| Revenue YoY | 6.3% | 12.3% |
| Net Profit YoY | 40.5% | 231.0% |
| EPS (diluted) | — | $0.55 |
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 | $745.1M | ||
| Q3 25 | $397.6M | $782.6M | ||
| Q2 25 | $394.9M | $761.5M | ||
| Q1 25 | $395.2M | $706.0M | ||
| Q4 24 | $389.6M | $663.3M | ||
| Q3 24 | $385.3M | $693.2M | ||
| Q2 24 | $380.6M | $667.8M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $123.0M | ||
| Q3 25 | $241.2M | $102.4M | ||
| Q2 25 | $151.4M | $72.1M | ||
| Q1 25 | $165.2M | $76.1M | ||
| Q4 24 | $223.6M | $37.2M | ||
| Q3 24 | $184.7M | $41.4M | ||
| Q2 24 | $208.3M | $52.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 47.0% | ||
| Q1 25 | — | 47.5% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 46.5% | ||
| Q2 24 | — | 46.8% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 17.4% | ||
| Q3 25 | 84.8% | 17.3% | ||
| Q2 25 | 61.3% | 14.2% | ||
| Q1 25 | 65.5% | 15.2% | ||
| Q4 24 | 79.1% | 13.1% | ||
| Q3 24 | 70.4% | 13.5% | ||
| Q2 24 | 77.1% | 15.7% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 16.5% | ||
| Q3 25 | 60.7% | 13.1% | ||
| Q2 25 | 38.4% | 9.5% | ||
| Q1 25 | 41.8% | 10.8% | ||
| Q4 24 | 57.4% | 5.6% | ||
| Q3 24 | 47.9% | 6.0% | ||
| Q2 24 | 54.7% | 7.9% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.55 | ||
| Q3 25 | $0.85 | $0.45 | ||
| Q2 25 | $0.54 | $0.32 | ||
| Q1 25 | $0.60 | $0.34 | ||
| Q4 24 | $0.79 | $0.17 | ||
| Q3 24 | $0.67 | $0.19 | ||
| Q2 24 | $0.77 | $0.26 |
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 | $204.8M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $5.0B | $3.1B |
| Total Assets | $13.8B | $8.0B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $204.8M | ||
| Q3 25 | — | $218.9M | ||
| Q2 25 | — | $175.5M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | $560.8M | $10.9M | ||
| Q3 24 | $560.8M | $120.9M | ||
| Q2 24 | $560.8M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $1.5B | ||
| Q3 25 | $7.2B | $1.5B | ||
| Q2 25 | $6.9B | $1.5B | ||
| Q1 25 | $6.9B | $1.5B | ||
| Q4 24 | $7.7B | $1.5B | ||
| Q3 24 | $7.4B | $1.7B | ||
| Q2 24 | $6.6B | $1.8B |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $3.1B | ||
| Q3 25 | $4.6B | $3.0B | ||
| Q2 25 | $4.6B | $2.9B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.3B | $2.6B | ||
| Q3 24 | $4.3B | $2.6B | ||
| Q2 24 | $4.1B | $2.4B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $8.0B | ||
| Q3 25 | $12.8B | $7.8B | ||
| Q2 25 | $12.5B | $7.6B | ||
| Q1 25 | $12.1B | $7.3B | ||
| Q4 24 | $13.1B | $7.2B | ||
| Q3 24 | $12.7B | $7.2B | ||
| Q2 24 | $11.8B | $7.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.48× | ||
| Q3 25 | 1.57× | 0.51× | ||
| Q2 25 | 1.51× | 0.53× | ||
| Q1 25 | 1.63× | 0.56× | ||
| Q4 24 | 1.81× | 0.59× | ||
| Q3 24 | 1.74× | 0.64× | ||
| Q2 24 | 1.60× | 0.78× |
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 | — | $239.9M |
| Free Cash FlowOCF − Capex | — | $-64.6M |
| FCF MarginFCF / Revenue | — | -8.7% |
| Capex IntensityCapex / Revenue | — | 40.9% |
| Cash ConversionOCF / Net Profit | — | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $239.9M | ||
| Q3 25 | $240.3M | $251.1M | ||
| Q2 25 | $293.4M | $195.7M | ||
| Q1 25 | $252.5M | $183.9M | ||
| Q4 24 | $1.1B | $163.1M | ||
| Q3 24 | $270.4M | $151.1M | ||
| Q2 24 | $252.1M | $170.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-64.6M | ||
| Q3 25 | $183.0M | $28.6M | ||
| Q2 25 | $272.3M | $-26.3M | ||
| Q1 25 | $239.6M | $41.4M | ||
| Q4 24 | $1.1B | $26.8M | ||
| Q3 24 | $261.5M | $64.0M | ||
| Q2 24 | $245.0M | $26.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | -8.7% | ||
| Q3 25 | 46.0% | 3.7% | ||
| Q2 25 | 69.0% | -3.5% | ||
| Q1 25 | 60.6% | 5.9% | ||
| Q4 24 | 275.3% | 4.0% | ||
| Q3 24 | 67.9% | 9.2% | ||
| Q2 24 | 64.4% | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 40.9% | ||
| Q3 25 | 14.4% | 28.4% | ||
| Q2 25 | 5.3% | 29.2% | ||
| Q1 25 | 3.3% | 20.2% | ||
| Q4 24 | 0.0% | 20.6% | ||
| Q3 24 | 2.3% | 12.6% | ||
| Q2 24 | 1.9% | 21.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.95× | ||
| Q3 25 | 1.00× | 2.45× | ||
| Q2 25 | 1.94× | 2.71× | ||
| Q1 25 | 1.53× | 2.41× | ||
| Q4 24 | 4.80× | 4.39× | ||
| Q3 24 | 1.46× | 3.65× | ||
| Q2 24 | 1.21× | 3.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
