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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and MediaAlpha, Inc. (MAX). 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 $310.0M, roughly 1.4× MediaAlpha, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 4.5%, a 52.5% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 6.3%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% 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.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

GLPI vs MAX — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.4× larger
GLPI
$420.0M
$310.0M
MAX
Growing faster (revenue YoY)
MAX
MAX
+11.0% gap
MAX
17.3%
6.3%
GLPI
Higher net margin
GLPI
GLPI
52.5% more per $
GLPI
57.0%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
5.0%
GLPI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GLPI
GLPI
MAX
MAX
Revenue
$420.0M
$310.0M
Net Profit
$239.4M
$14.0M
Gross Margin
15.1%
Operating Margin
79.4%
7.2%
Net Margin
57.0%
4.5%
Revenue YoY
6.3%
17.3%
Net Profit YoY
40.5%
701.8%
EPS (diluted)

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
MAX
MAX
Q1 26
$420.0M
$310.0M
Q4 25
$407.0M
$291.2M
Q3 25
$397.6M
$306.5M
Q2 25
$394.9M
$251.6M
Q1 25
$395.2M
$264.3M
Q4 24
$389.6M
$300.6M
Q3 24
$385.3M
$259.1M
Q2 24
$380.6M
$178.3M
Net Profit
GLPI
GLPI
MAX
MAX
Q1 26
$239.4M
$14.0M
Q4 25
$275.4M
$31.4M
Q3 25
$241.2M
$14.9M
Q2 25
$151.4M
$-18.7M
Q1 25
$165.2M
$-1.9M
Q4 24
$223.6M
$4.6M
Q3 24
$184.7M
$9.5M
Q2 24
$208.3M
$3.6M
Gross Margin
GLPI
GLPI
MAX
MAX
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
GLPI
GLPI
MAX
MAX
Q1 26
79.4%
7.2%
Q4 25
89.3%
7.7%
Q3 25
84.8%
6.4%
Q2 25
61.3%
-8.0%
Q1 25
65.5%
0.0%
Q4 24
79.1%
6.1%
Q3 24
70.4%
6.0%
Q2 24
77.1%
3.6%
Net Margin
GLPI
GLPI
MAX
MAX
Q1 26
57.0%
4.5%
Q4 25
67.6%
10.8%
Q3 25
60.7%
4.9%
Q2 25
38.4%
-7.4%
Q1 25
41.8%
-0.7%
Q4 24
57.4%
1.5%
Q3 24
47.9%
3.7%
Q2 24
54.7%
2.0%
EPS (diluted)
GLPI
GLPI
MAX
MAX
Q1 26
Q4 25
$0.96
$0.50
Q3 25
$0.85
$0.26
Q2 25
$0.54
$-0.33
Q1 25
$0.60
$-0.04
Q4 24
$0.79
$0.09
Q3 24
$0.67
$0.17
Q2 24
$0.77
$0.07

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$274.5M
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$5.0B
Total Assets
$13.8B
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
MAX
MAX
Q1 26
$274.5M
$26.1M
Q4 25
$46.9M
Q3 25
$38.8M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$560.8M
$43.3M
Q3 24
$560.8M
$32.3M
Q2 24
$560.8M
$28.7M
Total Debt
GLPI
GLPI
MAX
MAX
Q1 26
$163.5M
Q4 25
$7.2B
$153.4M
Q3 25
$7.2B
$155.7M
Q2 25
$6.9B
$158.0M
Q1 25
$6.9B
$160.2M
Q4 24
$7.7B
$162.4M
Q3 24
$7.4B
$164.7M
Q2 24
$6.6B
$166.9M
Stockholders' Equity
GLPI
GLPI
MAX
MAX
Q1 26
$5.0B
Q4 25
$4.6B
$4.2M
Q3 25
$4.6B
$-29.8M
Q2 25
$4.6B
$-3.8M
Q1 25
$4.2B
$7.9M
Q4 24
$4.3B
$2.4M
Q3 24
$4.3B
$-8.4M
Q2 24
$4.1B
$-24.4M
Total Assets
GLPI
GLPI
MAX
MAX
Q1 26
$13.8B
$367.7M
Q4 25
$12.9B
$383.8M
Q3 25
$12.8B
$266.2M
Q2 25
$12.5B
$249.4M
Q1 25
$12.1B
$240.0M
Q4 24
$13.1B
$262.4M
Q3 24
$12.7B
$236.1M
Q2 24
$11.8B
$198.2M
Debt / Equity
GLPI
GLPI
MAX
MAX
Q1 26
Q4 25
1.56×
36.88×
Q3 25
1.57×
Q2 25
1.51×
Q1 25
1.63×
20.23×
Q4 24
1.81×
68.31×
Q3 24
1.74×
Q2 24
1.60×

Financial Flow Comparison

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

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