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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and McGraw Hill, Inc. (MH). Click either name above to swap in a different company.

McGraw Hill, Inc. is the larger business by last-quarter revenue ($434.2M vs $420.0M, roughly 1.0× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -4.7%, a 61.7% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -35.1%).

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.

McGraw Hill, Inc. is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, digital learning tools, and adaptive technology to enhance learning experiences and outcomes. It is one of the "big three" educational publishers along with Houghton Mifflin Harcourt and Pearson Education. McGraw Hill also publishes reference and tra...

GLPI vs MH — Head-to-Head

Bigger by revenue
MH
MH
1.0× larger
MH
$434.2M
$420.0M
GLPI
Growing faster (revenue YoY)
GLPI
GLPI
+41.4% gap
GLPI
6.3%
-35.1%
MH
Higher net margin
GLPI
GLPI
61.7% more per $
GLPI
57.0%
-4.7%
MH

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
GLPI
GLPI
MH
MH
Revenue
$420.0M
$434.2M
Net Profit
$239.4M
$-20.2M
Gross Margin
85.3%
Operating Margin
79.4%
7.0%
Net Margin
57.0%
-4.7%
Revenue YoY
6.3%
-35.1%
Net Profit YoY
40.5%
-119.2%
EPS (diluted)
$-0.11

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
MH
MH
Q1 26
$420.0M
Q4 25
$407.0M
$434.2M
Q3 25
$397.6M
$669.2M
Q2 25
$394.9M
$535.7M
Q1 25
$395.2M
Q4 24
$389.6M
Q3 24
$385.3M
Q2 24
$380.6M
Net Profit
GLPI
GLPI
MH
MH
Q1 26
$239.4M
Q4 25
$275.4M
$-20.2M
Q3 25
$241.2M
$105.3M
Q2 25
$151.4M
$502.0K
Q1 25
$165.2M
Q4 24
$223.6M
Q3 24
$184.7M
Q2 24
$208.3M
Gross Margin
GLPI
GLPI
MH
MH
Q1 26
Q4 25
85.3%
Q3 25
79.2%
Q2 25
77.0%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
GLPI
GLPI
MH
MH
Q1 26
79.4%
Q4 25
89.3%
7.0%
Q3 25
84.8%
23.4%
Q2 25
61.3%
18.0%
Q1 25
65.5%
Q4 24
79.1%
Q3 24
70.4%
Q2 24
77.1%
Net Margin
GLPI
GLPI
MH
MH
Q1 26
57.0%
Q4 25
67.6%
-4.7%
Q3 25
60.7%
15.7%
Q2 25
38.4%
0.1%
Q1 25
41.8%
Q4 24
57.4%
Q3 24
47.9%
Q2 24
54.7%
EPS (diluted)
GLPI
GLPI
MH
MH
Q1 26
Q4 25
$0.96
$-0.11
Q3 25
$0.85
$0.57
Q2 25
$0.54
$0.00
Q1 25
$0.60
Q4 24
$0.79
Q3 24
$0.67
Q2 24
$0.77

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
MH
MH
Cash + ST InvestmentsLiquidity on hand
$274.5M
$514.4M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$5.0B
$775.3M
Total Assets
$13.8B
$5.6B
Debt / EquityLower = less leverage
3.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
MH
MH
Q1 26
$274.5M
Q4 25
$514.4M
Q3 25
$463.2M
Q2 25
$247.3M
Q1 25
Q4 24
$560.8M
Q3 24
$560.8M
Q2 24
$560.8M
Total Debt
GLPI
GLPI
MH
MH
Q1 26
Q4 25
$7.2B
$2.6B
Q3 25
$7.2B
$2.8B
Q2 25
$6.9B
$3.2B
Q1 25
$6.9B
Q4 24
$7.7B
Q3 24
$7.4B
Q2 24
$6.6B
Stockholders' Equity
GLPI
GLPI
MH
MH
Q1 26
$5.0B
Q4 25
$4.6B
$775.3M
Q3 25
$4.6B
$794.6M
Q2 25
$4.6B
$283.3M
Q1 25
$4.2B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.1B
Total Assets
GLPI
GLPI
MH
MH
Q1 26
$13.8B
Q4 25
$12.9B
$5.6B
Q3 25
$12.8B
$6.0B
Q2 25
$12.5B
$5.7B
Q1 25
$12.1B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$11.8B
Debt / Equity
GLPI
GLPI
MH
MH
Q1 26
Q4 25
1.56×
3.36×
Q3 25
1.57×
3.52×
Q2 25
1.51×
11.17×
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
MH
MH
Operating Cash FlowLast quarter
$309.0M
Free Cash FlowOCF − Capex
$285.4M
FCF MarginFCF / Revenue
65.7%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
MH
MH
Q1 26
Q4 25
$1.1B
$309.0M
Q3 25
$240.3M
$265.0M
Q2 25
$293.4M
$-96.7M
Q1 25
$252.5M
Q4 24
$1.1B
Q3 24
$270.4M
Q2 24
$252.1M
Free Cash Flow
GLPI
GLPI
MH
MH
Q1 26
Q4 25
$285.4M
Q3 25
$183.0M
$243.8M
Q2 25
$272.3M
$-112.9M
Q1 25
$239.6M
Q4 24
$1.1B
Q3 24
$261.5M
Q2 24
$245.0M
FCF Margin
GLPI
GLPI
MH
MH
Q1 26
Q4 25
65.7%
Q3 25
46.0%
36.4%
Q2 25
69.0%
-21.1%
Q1 25
60.6%
Q4 24
275.3%
Q3 24
67.9%
Q2 24
64.4%
Capex Intensity
GLPI
GLPI
MH
MH
Q1 26
Q4 25
5.4%
Q3 25
14.4%
3.2%
Q2 25
5.3%
3.0%
Q1 25
3.3%
Q4 24
0.0%
Q3 24
2.3%
Q2 24
1.9%
Cash Conversion
GLPI
GLPI
MH
MH
Q1 26
Q4 25
4.10×
Q3 25
1.00×
2.52×
Q2 25
1.94×
-192.53×
Q1 25
1.53×
Q4 24
4.80×
Q3 24
1.46×
Q2 24
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

MH
MH

Higher Education$225.4M52%
Digital$103.5M24%
Other$44.4M10%
Global Professional$36.2M8%
Print$24.7M6%

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