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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $420.0M, roughly 1.9× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -5.9%, a 62.9% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 6.3%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% 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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
GLPI vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $805.0M |
| Net Profit | $239.4M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 79.4% | 11.1% |
| Net Margin | 57.0% | -5.9% |
| Revenue YoY | 6.3% | 30.5% |
| Net Profit YoY | 40.5% | -215.6% |
| EPS (diluted) | — | $-0.90 |
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 | $805.0M | ||
| Q3 25 | $397.6M | $738.9M | ||
| Q2 25 | $394.9M | $682.8M | ||
| Q1 25 | $395.2M | $647.2M | ||
| Q4 24 | $389.6M | $616.8M | ||
| Q3 24 | $385.3M | $658.0M | ||
| Q2 24 | $380.6M | $661.5M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-47.4M | ||
| Q3 25 | $241.2M | $44.4M | ||
| Q2 25 | $151.4M | $51.2M | ||
| Q1 25 | $165.2M | $49.6M | ||
| Q4 24 | $223.6M | $41.0M | ||
| Q3 24 | $184.7M | $46.1M | ||
| Q2 24 | $208.3M | $47.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 11.1% | ||
| Q3 25 | 84.8% | 9.9% | ||
| Q2 25 | 61.3% | 11.1% | ||
| Q1 25 | 65.5% | 11.5% | ||
| Q4 24 | 79.1% | 9.6% | ||
| Q3 24 | 70.4% | 11.4% | ||
| Q2 24 | 77.1% | 11.2% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -5.9% | ||
| Q3 25 | 60.7% | 6.0% | ||
| Q2 25 | 38.4% | 7.5% | ||
| Q1 25 | 41.8% | 7.7% | ||
| Q4 24 | 57.4% | 6.6% | ||
| Q3 24 | 47.9% | 7.0% | ||
| Q2 24 | 54.7% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-0.90 | ||
| Q3 25 | $0.85 | $0.83 | ||
| Q2 25 | $0.54 | $0.95 | ||
| Q1 25 | $0.60 | $0.92 | ||
| Q4 24 | $0.79 | $0.76 | ||
| Q3 24 | $0.67 | $0.86 | ||
| Q2 24 | $0.77 | $0.88 |
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 | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | $5.0B | $1.1B |
| Total Assets | $13.8B | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $98.7M | ||
| Q3 25 | — | $83.8M | ||
| Q2 25 | — | $124.5M | ||
| Q1 25 | — | $71.6M | ||
| Q4 24 | $560.8M | $83.8M | ||
| Q3 24 | $560.8M | $78.6M | ||
| Q2 24 | $560.8M | $72.9M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $570.7M | ||
| Q3 25 | $7.2B | $525.8M | ||
| Q2 25 | $6.9B | $482.1M | ||
| Q1 25 | $6.9B | $296.7M | ||
| Q4 24 | $7.7B | $330.0M | ||
| Q3 24 | $7.4B | $359.1M | ||
| Q2 24 | $6.6B | $405.7M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $1.1B | ||
| Q3 25 | $4.6B | $1.1B | ||
| Q2 25 | $4.6B | $1.0B | ||
| Q1 25 | $4.2B | $910.2M | ||
| Q4 24 | $4.3B | $855.1M | ||
| Q3 24 | $4.3B | $858.8M | ||
| Q2 24 | $4.1B | $788.4M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.5B | ||
| Q3 25 | $12.8B | $2.4B | ||
| Q2 25 | $12.5B | $2.2B | ||
| Q1 25 | $12.1B | $1.9B | ||
| Q4 24 | $13.1B | $1.8B | ||
| Q3 24 | $12.7B | $1.9B | ||
| Q2 24 | $11.8B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.51× | ||
| Q3 25 | 1.57× | 0.50× | ||
| Q2 25 | 1.51× | 0.48× | ||
| Q1 25 | 1.63× | 0.33× | ||
| Q4 24 | 1.81× | 0.39× | ||
| Q3 24 | 1.74× | 0.42× | ||
| Q2 24 | 1.60× | 0.51× |
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 | — | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $24.7M | ||
| Q3 25 | $240.3M | $1.4M | ||
| Q2 25 | $293.4M | $27.7M | ||
| Q1 25 | $252.5M | $54.8M | ||
| Q4 24 | $1.1B | $60.7M | ||
| Q3 24 | $270.4M | $57.3M | ||
| Q2 24 | $252.1M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-17.1M | ||
| Q3 25 | $183.0M | $-30.5M | ||
| Q2 25 | $272.3M | $200.0K | ||
| Q1 25 | $239.6M | $27.1M | ||
| Q4 24 | $1.1B | $44.7M | ||
| Q3 24 | $261.5M | $43.8M | ||
| Q2 24 | $245.0M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -2.1% | ||
| Q3 25 | 46.0% | -4.1% | ||
| Q2 25 | 69.0% | 0.0% | ||
| Q1 25 | 60.6% | 4.2% | ||
| Q4 24 | 275.3% | 7.2% | ||
| Q3 24 | 67.9% | 6.7% | ||
| Q2 24 | 64.4% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | 14.4% | 4.3% | ||
| Q2 25 | 5.3% | 4.0% | ||
| Q1 25 | 3.3% | 4.3% | ||
| Q4 24 | 0.0% | 2.6% | ||
| Q3 24 | 2.3% | 2.1% | ||
| Q2 24 | 1.9% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | 0.03× | ||
| Q2 25 | 1.94× | 0.54× | ||
| Q1 25 | 1.53× | 1.10× | ||
| Q4 24 | 4.80× | 1.48× | ||
| Q3 24 | 1.46× | 1.24× | ||
| Q2 24 | 1.21× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
