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

Monolithic Power Systems is the larger business by last-quarter revenue ($751.2M vs $420.0M, roughly 1.8× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 22.9%, a 34.1% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 6.3%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% 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.

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.

GLPI vs MPWR — Head-to-Head

Bigger by revenue
MPWR
MPWR
1.8× larger
MPWR
$751.2M
$420.0M
GLPI
Growing faster (revenue YoY)
MPWR
MPWR
+14.6% gap
MPWR
20.8%
6.3%
GLPI
Higher net margin
GLPI
GLPI
34.1% more per $
GLPI
57.0%
22.9%
MPWR
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
28.1%
5.0%
GLPI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
MPWR
MPWR
Revenue
$420.0M
$751.2M
Net Profit
$239.4M
$171.7M
Gross Margin
55.2%
Operating Margin
79.4%
26.6%
Net Margin
57.0%
22.9%
Revenue YoY
6.3%
20.8%
Net Profit YoY
40.5%
-86.3%
EPS (diluted)
$3.50

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
MPWR
MPWR
Q1 26
$420.0M
Q4 25
$407.0M
$751.2M
Q3 25
$397.6M
$737.2M
Q2 25
$394.9M
$664.6M
Q1 25
$395.2M
$637.6M
Q4 24
$389.6M
$621.7M
Q3 24
$385.3M
$620.1M
Q2 24
$380.6M
$507.4M
Net Profit
GLPI
GLPI
MPWR
MPWR
Q1 26
$239.4M
Q4 25
$275.4M
$171.7M
Q3 25
$241.2M
$179.8M
Q2 25
$151.4M
$135.0M
Q1 25
$165.2M
$135.1M
Q4 24
$223.6M
$1.3B
Q3 24
$184.7M
$144.4M
Q2 24
$208.3M
$100.4M
Gross Margin
GLPI
GLPI
MPWR
MPWR
Q1 26
Q4 25
55.2%
Q3 25
55.1%
Q2 25
55.1%
Q1 25
55.4%
Q4 24
55.4%
Q3 24
55.4%
Q2 24
55.3%
Operating Margin
GLPI
GLPI
MPWR
MPWR
Q1 26
79.4%
Q4 25
89.3%
26.6%
Q3 25
84.8%
26.5%
Q2 25
61.3%
24.8%
Q1 25
65.5%
26.5%
Q4 24
79.1%
26.3%
Q3 24
70.4%
26.5%
Q2 24
77.1%
23.0%
Net Margin
GLPI
GLPI
MPWR
MPWR
Q1 26
57.0%
Q4 25
67.6%
22.9%
Q3 25
60.7%
24.4%
Q2 25
38.4%
20.3%
Q1 25
41.8%
21.2%
Q4 24
57.4%
201.8%
Q3 24
47.9%
23.3%
Q2 24
54.7%
19.8%
EPS (diluted)
GLPI
GLPI
MPWR
MPWR
Q1 26
Q4 25
$0.96
$3.50
Q3 25
$0.85
$3.74
Q2 25
$0.54
$2.81
Q1 25
$0.60
$2.81
Q4 24
$0.79
$25.71
Q3 24
$0.67
$2.95
Q2 24
$0.77
$2.05

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
MPWR
MPWR
Cash + ST InvestmentsLiquidity on hand
$274.5M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$3.5B
Total Assets
$13.8B
$4.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
MPWR
MPWR
Q1 26
$274.5M
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$560.8M
$862.9M
Q3 24
$560.8M
$1.5B
Q2 24
$560.8M
$1.3B
Total Debt
GLPI
GLPI
MPWR
MPWR
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
MPWR
MPWR
Q1 26
$5.0B
Q4 25
$4.6B
$3.5B
Q3 25
$4.6B
$3.4B
Q2 25
$4.6B
$3.2B
Q1 25
$4.2B
$3.1B
Q4 24
$4.3B
$3.0B
Q3 24
$4.3B
$2.4B
Q2 24
$4.1B
$2.2B
Total Assets
GLPI
GLPI
MPWR
MPWR
Q1 26
$13.8B
Q4 25
$12.9B
$4.2B
Q3 25
$12.8B
$4.1B
Q2 25
$12.5B
$3.9B
Q1 25
$12.1B
$3.7B
Q4 24
$13.1B
$3.5B
Q3 24
$12.7B
$2.9B
Q2 24
$11.8B
$2.6B
Debt / Equity
GLPI
GLPI
MPWR
MPWR
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
MPWR
MPWR
Operating Cash FlowLast quarter
$104.9M
Free Cash FlowOCF − Capex
$63.9M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.61×
TTM Free Cash FlowTrailing 4 quarters
$666.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
MPWR
MPWR
Q1 26
Q4 25
$1.1B
$104.9M
Q3 25
$240.3M
$239.3M
Q2 25
$293.4M
$237.6M
Q1 25
$252.5M
$256.4M
Q4 24
$1.1B
$167.7M
Q3 24
$270.4M
$231.7M
Q2 24
$252.1M
$141.0M
Free Cash Flow
GLPI
GLPI
MPWR
MPWR
Q1 26
Q4 25
$63.9M
Q3 25
$183.0M
$196.8M
Q2 25
$272.3M
$189.5M
Q1 25
$239.6M
$216.0M
Q4 24
$1.1B
$102.9M
Q3 24
$261.5M
$197.9M
Q2 24
$245.0M
$109.5M
FCF Margin
GLPI
GLPI
MPWR
MPWR
Q1 26
Q4 25
8.5%
Q3 25
46.0%
26.7%
Q2 25
69.0%
28.5%
Q1 25
60.6%
33.9%
Q4 24
275.3%
16.5%
Q3 24
67.9%
31.9%
Q2 24
64.4%
21.6%
Capex Intensity
GLPI
GLPI
MPWR
MPWR
Q1 26
Q4 25
5.5%
Q3 25
14.4%
5.8%
Q2 25
5.3%
7.2%
Q1 25
3.3%
6.3%
Q4 24
0.0%
10.4%
Q3 24
2.3%
5.5%
Q2 24
1.9%
6.2%
Cash Conversion
GLPI
GLPI
MPWR
MPWR
Q1 26
Q4 25
4.10×
0.61×
Q3 25
1.00×
1.33×
Q2 25
1.94×
1.76×
Q1 25
1.53×
1.90×
Q4 24
4.80×
0.13×
Q3 24
1.46×
1.60×
Q2 24
1.21×
1.40×

Financial Flow Comparison

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

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