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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $420.0M, roughly 1.9× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -4.3%, a 61.3% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 6.3%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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.
GLPI vs MAGN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $792.0M |
| Net Profit | $239.4M | $-34.0M |
| Gross Margin | — | 12.2% |
| Operating Margin | 79.4% | 1.8% |
| Net Margin | 57.0% | -4.3% |
| Revenue YoY | 6.3% | 12.8% |
| Net Profit YoY | 40.5% | 43.3% |
| EPS (diluted) | — | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $397.6M | — | ||
| Q2 25 | $394.9M | $839.0M | ||
| Q1 25 | $395.2M | $824.0M | ||
| Q4 24 | $389.6M | $702.0M | ||
| Q3 24 | $385.3M | $332.1M | ||
| Q2 24 | $380.6M | $556.0M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-34.0M | ||
| Q3 25 | $241.2M | — | ||
| Q2 25 | $151.4M | $-18.0M | ||
| Q1 25 | $165.2M | $-41.0M | ||
| Q4 24 | $223.6M | $-60.0M | ||
| Q3 24 | $184.7M | $-15.2M | ||
| Q2 24 | $208.3M | $19.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 1.8% | ||
| Q3 25 | 84.8% | — | ||
| Q2 25 | 61.3% | 1.5% | ||
| Q1 25 | 65.5% | 0.5% | ||
| Q4 24 | 79.1% | -3.1% | ||
| Q3 24 | 70.4% | 0.9% | ||
| Q2 24 | 77.1% | 3.1% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -4.3% | ||
| Q3 25 | 60.7% | — | ||
| Q2 25 | 38.4% | -2.1% | ||
| Q1 25 | 41.8% | -5.0% | ||
| Q4 24 | 57.4% | -8.5% | ||
| Q3 24 | 47.9% | -4.6% | ||
| Q2 24 | 54.7% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-0.95 | ||
| Q3 25 | $0.85 | — | ||
| Q2 25 | $0.54 | $-0.51 | ||
| Q1 25 | $0.60 | $-1.15 | ||
| Q4 24 | $0.79 | $-1.69 | ||
| Q3 24 | $0.67 | $-0.33 | ||
| Q2 24 | $0.77 | $0.60 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $5.0B | $1.0B |
| Total Assets | $13.8B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $264.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $276.0M | ||
| Q1 25 | — | $282.0M | ||
| Q4 24 | $560.8M | $215.0M | ||
| Q3 24 | $560.8M | $230.0M | ||
| Q2 24 | $560.8M | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $1.9B | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | $2.0B | ||
| Q1 25 | $6.9B | $2.0B | ||
| Q4 24 | $7.7B | $2.0B | ||
| Q3 24 | $7.4B | $2.0B | ||
| Q2 24 | $6.6B | $877.4M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $1.0B | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.6B | $1.1B | ||
| Q1 25 | $4.2B | $1.1B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $4.3B | $2.1B | ||
| Q2 24 | $4.1B | $2.4B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $3.9B | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $12.5B | $4.1B | ||
| Q1 25 | $12.1B | $4.1B | ||
| Q4 24 | $13.1B | $4.0B | ||
| Q3 24 | $12.7B | $2.8B | ||
| Q2 24 | $11.8B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 1.86× | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | 1.77× | ||
| Q1 25 | 1.63× | 1.83× | ||
| Q4 24 | 1.81× | 1.80× | ||
| Q3 24 | 1.74× | 0.91× | ||
| Q2 24 | 1.60× | 0.37× |
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 | — | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.0M | ||
| Q3 25 | $240.3M | — | ||
| Q2 25 | $293.4M | $0 | ||
| Q1 25 | $252.5M | $65.0M | ||
| Q4 24 | $1.1B | $-58.0M | ||
| Q3 24 | $270.4M | $12.2M | ||
| Q2 24 | $252.1M | $38.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-13.0M | ||
| Q3 25 | $183.0M | — | ||
| Q2 25 | $272.3M | — | ||
| Q1 25 | $239.6M | $42.0M | ||
| Q4 24 | $1.1B | $-74.0M | ||
| Q3 24 | $261.5M | $3.6M | ||
| Q2 24 | $245.0M | $23.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.6% | ||
| Q3 25 | 46.0% | — | ||
| Q2 25 | 69.0% | — | ||
| Q1 25 | 60.6% | 5.1% | ||
| Q4 24 | 275.3% | -10.5% | ||
| Q3 24 | 67.9% | 1.1% | ||
| Q2 24 | 64.4% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 5.3% | 1.5% | ||
| Q1 25 | 3.3% | 2.8% | ||
| Q4 24 | 0.0% | 2.3% | ||
| Q3 24 | 2.3% | 2.6% | ||
| Q2 24 | 1.9% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.21× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
