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

MANITOWOC CO INC is the larger business by last-quarter revenue ($677.1M vs $420.0M, roughly 1.6× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 1.0%, a 56.0% gap on every dollar of revenue. On growth, MANITOWOC CO INC posted the faster year-over-year revenue change (13.6% vs 6.3%). Over the past eight quarters, MANITOWOC CO INC's revenue compounded faster (16.9% 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.

The Manitowoc Company, Inc. is an American manufacturer which produces cranes and previously produced commercial refrigeration and marine equipment. It was founded in 1902 and, through its wholly owned subsidiaries, designs, manufactures, markets, and supports mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks under the Grove, Manitowoc, National Crane, Potain, Shuttlelift and Manitowoc Crane Care brand names.

GLPI vs MTW — Head-to-Head

Bigger by revenue
MTW
MTW
1.6× larger
MTW
$677.1M
$420.0M
GLPI
Growing faster (revenue YoY)
MTW
MTW
+7.3% gap
MTW
13.6%
6.3%
GLPI
Higher net margin
GLPI
GLPI
56.0% more per $
GLPI
57.0%
1.0%
MTW
Faster 2-yr revenue CAGR
MTW
MTW
Annualised
MTW
16.9%
5.0%
GLPI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
MTW
MTW
Revenue
$420.0M
$677.1M
Net Profit
$239.4M
$7.0M
Gross Margin
16.7%
Operating Margin
79.4%
3.0%
Net Margin
57.0%
1.0%
Revenue YoY
6.3%
13.6%
Net Profit YoY
40.5%
-87.7%
EPS (diluted)
$0.20

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
MTW
MTW
Q1 26
$420.0M
Q4 25
$407.0M
$677.1M
Q3 25
$397.6M
$553.4M
Q2 25
$394.9M
$539.5M
Q1 25
$395.2M
$470.9M
Q4 24
$389.6M
$596.0M
Q3 24
$385.3M
$524.8M
Q2 24
$380.6M
$562.1M
Net Profit
GLPI
GLPI
MTW
MTW
Q1 26
$239.4M
Q4 25
$275.4M
$7.0M
Q3 25
$241.2M
$5.0M
Q2 25
$151.4M
$1.5M
Q1 25
$165.2M
$-6.3M
Q4 24
$223.6M
$56.7M
Q3 24
$184.7M
$-7.0M
Q2 24
$208.3M
$1.6M
Gross Margin
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
16.7%
Q3 25
18.5%
Q2 25
18.4%
Q1 25
19.1%
Q4 24
16.0%
Q3 24
16.7%
Q2 24
17.7%
Operating Margin
GLPI
GLPI
MTW
MTW
Q1 26
79.4%
Q4 25
89.3%
3.0%
Q3 25
84.8%
3.3%
Q2 25
61.3%
1.8%
Q1 25
65.5%
1.1%
Q4 24
79.1%
2.7%
Q3 24
70.4%
1.4%
Q2 24
77.1%
2.3%
Net Margin
GLPI
GLPI
MTW
MTW
Q1 26
57.0%
Q4 25
67.6%
1.0%
Q3 25
60.7%
0.9%
Q2 25
38.4%
0.3%
Q1 25
41.8%
-1.3%
Q4 24
57.4%
9.5%
Q3 24
47.9%
-1.3%
Q2 24
54.7%
0.3%
EPS (diluted)
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
$0.96
$0.20
Q3 25
$0.85
$0.14
Q2 25
$0.54
$0.04
Q1 25
$0.60
$-0.18
Q4 24
$0.79
$1.60
Q3 24
$0.67
$-0.20
Q2 24
$0.77
$0.04

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
MTW
MTW
Cash + ST InvestmentsLiquidity on hand
$274.5M
$77.3M
Total DebtLower is stronger
$447.1M
Stockholders' EquityBook value
$5.0B
$695.2M
Total Assets
$13.8B
$1.8B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
MTW
MTW
Q1 26
$274.5M
Q4 25
$77.3M
Q3 25
$39.7M
Q2 25
$32.9M
Q1 25
$41.4M
Q4 24
$560.8M
$48.0M
Q3 24
$560.8M
$22.9M
Q2 24
$560.8M
$38.1M
Total Debt
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
$7.2B
$447.1M
Q3 25
$7.2B
$479.9M
Q2 25
$6.9B
$459.8M
Q1 25
$6.9B
$381.4M
Q4 24
$7.7B
$377.1M
Q3 24
$7.4B
$426.7M
Q2 24
$6.6B
$406.3M
Stockholders' Equity
GLPI
GLPI
MTW
MTW
Q1 26
$5.0B
Q4 25
$4.6B
$695.2M
Q3 25
$4.6B
$682.7M
Q2 25
$4.6B
$681.3M
Q1 25
$4.2B
$651.6M
Q4 24
$4.3B
$640.1M
Q3 24
$4.3B
$607.6M
Q2 24
$4.1B
$592.3M
Total Assets
GLPI
GLPI
MTW
MTW
Q1 26
$13.8B
Q4 25
$12.9B
$1.8B
Q3 25
$12.8B
$1.9B
Q2 25
$12.5B
$1.9B
Q1 25
$12.1B
$1.8B
Q4 24
$13.1B
$1.7B
Q3 24
$12.7B
$1.8B
Q2 24
$11.8B
$1.7B
Debt / Equity
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
1.56×
0.64×
Q3 25
1.57×
0.70×
Q2 25
1.51×
0.67×
Q1 25
1.63×
0.59×
Q4 24
1.81×
0.59×
Q3 24
1.74×
0.70×
Q2 24
1.60×
0.69×

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
MTW
MTW
Operating Cash FlowLast quarter
$91.1M
Free Cash FlowOCF − Capex
$78.3M
FCF MarginFCF / Revenue
11.6%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
13.01×
TTM Free Cash FlowTrailing 4 quarters
$-15.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
$1.1B
$91.1M
Q3 25
$240.3M
$-14.1M
Q2 25
$293.4M
$-67.7M
Q1 25
$252.5M
$12.9M
Q4 24
$1.1B
$112.4M
Q3 24
$270.4M
$-43.6M
Q2 24
$252.1M
$11.0M
Free Cash Flow
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
$78.3M
Q3 25
$183.0M
$-22.0M
Q2 25
$272.3M
$-73.7M
Q1 25
$239.6M
$2.1M
Q4 24
$1.1B
$101.1M
Q3 24
$261.5M
$-52.9M
Q2 24
$245.0M
$-1.9M
FCF Margin
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
11.6%
Q3 25
46.0%
-4.0%
Q2 25
69.0%
-13.7%
Q1 25
60.6%
0.4%
Q4 24
275.3%
17.0%
Q3 24
67.9%
-10.1%
Q2 24
64.4%
-0.3%
Capex Intensity
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
1.9%
Q3 25
14.4%
1.4%
Q2 25
5.3%
1.1%
Q1 25
3.3%
2.3%
Q4 24
0.0%
1.9%
Q3 24
2.3%
1.8%
Q2 24
1.9%
2.3%
Cash Conversion
GLPI
GLPI
MTW
MTW
Q1 26
Q4 25
4.10×
13.01×
Q3 25
1.00×
-2.82×
Q2 25
1.94×
-45.13×
Q1 25
1.53×
Q4 24
4.80×
1.98×
Q3 24
1.46×
Q2 24
1.21×
6.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

MTW
MTW

US$344.5M51%
Europe$193.8M29%
Other Countries$138.8M20%

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