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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and LA-Z-BOY INC (LZB). Click either name above to swap in a different company.

LA-Z-BOY INC is the larger business by last-quarter revenue ($541.6M vs $420.0M, roughly 1.3× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 4.0%, a 53.0% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 3.8%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -1.1%).

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.

La-Z-Boy Inc. is an American furniture manufacturer based in Monroe, Michigan, United States, that makes home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and sleeper sofas. The company employs more than 11,000 people.

GLPI vs LZB — Head-to-Head

Bigger by revenue
LZB
LZB
1.3× larger
LZB
$541.6M
$420.0M
GLPI
Growing faster (revenue YoY)
GLPI
GLPI
+2.5% gap
GLPI
6.3%
3.8%
LZB
Higher net margin
GLPI
GLPI
53.0% more per $
GLPI
57.0%
4.0%
LZB
Faster 2-yr revenue CAGR
GLPI
GLPI
Annualised
GLPI
5.0%
-1.1%
LZB

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
GLPI
GLPI
LZB
LZB
Revenue
$420.0M
$541.6M
Net Profit
$239.4M
$21.6M
Gross Margin
43.1%
Operating Margin
79.4%
5.5%
Net Margin
57.0%
4.0%
Revenue YoY
6.3%
3.8%
Net Profit YoY
40.5%
-23.8%
EPS (diluted)
$0.52

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
LZB
LZB
Q1 26
$420.0M
$541.6M
Q4 25
$407.0M
$522.5M
Q3 25
$397.6M
$492.2M
Q2 25
$394.9M
$570.9M
Q1 25
$395.2M
$521.8M
Q4 24
$389.6M
$521.0M
Q3 24
$385.3M
$495.5M
Q2 24
$380.6M
$553.5M
Net Profit
GLPI
GLPI
LZB
LZB
Q1 26
$239.4M
$21.6M
Q4 25
$275.4M
$28.9M
Q3 25
$241.2M
$18.2M
Q2 25
$151.4M
$14.9M
Q1 25
$165.2M
$28.4M
Q4 24
$223.6M
$30.0M
Q3 24
$184.7M
$26.2M
Q2 24
$208.3M
$39.3M
Gross Margin
GLPI
GLPI
LZB
LZB
Q1 26
43.1%
Q4 25
44.2%
Q3 25
42.5%
Q2 25
44.0%
Q1 25
44.3%
Q4 24
44.3%
Q3 24
43.1%
Q2 24
43.4%
Operating Margin
GLPI
GLPI
LZB
LZB
Q1 26
79.4%
5.5%
Q4 25
89.3%
6.9%
Q3 25
84.8%
4.5%
Q2 25
61.3%
5.2%
Q1 25
65.5%
6.7%
Q4 24
79.1%
7.4%
Q3 24
70.4%
6.5%
Q2 24
77.1%
9.1%
Net Margin
GLPI
GLPI
LZB
LZB
Q1 26
57.0%
4.0%
Q4 25
67.6%
5.5%
Q3 25
60.7%
3.7%
Q2 25
38.4%
2.6%
Q1 25
41.8%
5.4%
Q4 24
57.4%
5.8%
Q3 24
47.9%
5.3%
Q2 24
54.7%
7.1%
EPS (diluted)
GLPI
GLPI
LZB
LZB
Q1 26
$0.52
Q4 25
$0.96
$0.70
Q3 25
$0.85
$0.44
Q2 25
$0.54
$0.35
Q1 25
$0.60
$0.68
Q4 24
$0.79
$0.71
Q3 24
$0.67
$0.61
Q2 24
$0.77
$0.91

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
LZB
LZB
Cash + ST InvestmentsLiquidity on hand
$274.5M
$306.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$1.0B
Total Assets
$13.8B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
LZB
LZB
Q1 26
$274.5M
$306.1M
Q4 25
$338.5M
Q3 25
$318.5M
Q2 25
$328.4M
Q1 25
$314.6M
Q4 24
$560.8M
$303.1M
Q3 24
$560.8M
$342.3M
Q2 24
$560.8M
$341.1M
Total Debt
GLPI
GLPI
LZB
LZB
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
Stockholders' Equity
GLPI
GLPI
LZB
LZB
Q1 26
$5.0B
$1.0B
Q4 25
$4.6B
$1.0B
Q3 25
$4.6B
$1.0B
Q2 25
$4.6B
$1.0B
Q1 25
$4.2B
$1.0B
Q4 24
$4.3B
$1.0B
Q3 24
$4.3B
$999.2M
Q2 24
$4.1B
$1.0B
Total Assets
GLPI
GLPI
LZB
LZB
Q1 26
$13.8B
$2.1B
Q4 25
$12.9B
$2.0B
Q3 25
$12.8B
$1.9B
Q2 25
$12.5B
$1.9B
Q1 25
$12.1B
$2.0B
Q4 24
$13.1B
$1.9B
Q3 24
$12.7B
$1.9B
Q2 24
$11.8B
$1.9B
Debt / Equity
GLPI
GLPI
LZB
LZB
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
GLPI
GLPI
LZB
LZB
Operating Cash FlowLast quarter
$89.4M
Free Cash FlowOCF − Capex
$71.6M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
4.13×
TTM Free Cash FlowTrailing 4 quarters
$158.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
LZB
LZB
Q1 26
$89.4M
Q4 25
$1.1B
$50.0M
Q3 25
$240.3M
$36.3M
Q2 25
$293.4M
$62.0M
Q1 25
$252.5M
$57.0M
Q4 24
$1.1B
$15.9M
Q3 24
$270.4M
$52.3M
Q2 24
$252.1M
$52.8M
Free Cash Flow
GLPI
GLPI
LZB
LZB
Q1 26
$71.6M
Q4 25
$29.6M
Q3 25
$183.0M
$17.8M
Q2 25
$272.3M
$39.3M
Q1 25
$239.6M
$38.2M
Q4 24
$1.1B
$-1.2M
Q3 24
$261.5M
$36.7M
Q2 24
$245.0M
$37.3M
FCF Margin
GLPI
GLPI
LZB
LZB
Q1 26
13.2%
Q4 25
5.7%
Q3 25
46.0%
3.6%
Q2 25
69.0%
6.9%
Q1 25
60.6%
7.3%
Q4 24
275.3%
-0.2%
Q3 24
67.9%
7.4%
Q2 24
64.4%
6.7%
Capex Intensity
GLPI
GLPI
LZB
LZB
Q1 26
3.3%
Q4 25
3.9%
Q3 25
14.4%
3.8%
Q2 25
5.3%
4.0%
Q1 25
3.3%
3.6%
Q4 24
0.0%
3.3%
Q3 24
2.3%
3.2%
Q2 24
1.9%
2.8%
Cash Conversion
GLPI
GLPI
LZB
LZB
Q1 26
4.13×
Q4 25
4.10×
1.73×
Q3 25
1.00×
1.99×
Q2 25
1.94×
4.15×
Q1 25
1.53×
2.01×
Q4 24
4.80×
0.53×
Q3 24
1.46×
2.00×
Q2 24
1.21×
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

LZB
LZB

Stationary Upholstery Furniture$286.2M53%
Retail Segment$251.9M47%

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