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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Noble Corp plc (NE). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $420.0M, roughly 1.8× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 11.3%, a 45.7% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -17.6%). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% 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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
GLPI vs NE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $764.4M |
| Net Profit | $239.4M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 5.6% |
| Net Margin | 57.0% | 11.3% |
| Revenue YoY | 6.3% | -17.6% |
| Net Profit YoY | 40.5% | -10.4% |
| EPS (diluted) | — | $0.54 |
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 | $764.4M | ||
| Q3 25 | $397.6M | $798.0M | ||
| Q2 25 | $394.9M | $848.7M | ||
| Q1 25 | $395.2M | $874.5M | ||
| Q4 24 | $389.6M | $927.3M | ||
| Q3 24 | $385.3M | $800.5M | ||
| Q2 24 | $380.6M | $692.8M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $86.6M | ||
| Q3 25 | $241.2M | $-21.1M | ||
| Q2 25 | $151.4M | $42.9M | ||
| Q1 25 | $165.2M | $108.3M | ||
| Q4 24 | $223.6M | $96.6M | ||
| Q3 24 | $184.7M | $61.2M | ||
| Q2 24 | $208.3M | $195.0M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 5.6% | ||
| Q3 25 | 84.8% | 6.3% | ||
| Q2 25 | 61.3% | 15.9% | ||
| Q1 25 | 65.5% | 21.4% | ||
| Q4 24 | 79.1% | 18.4% | ||
| Q3 24 | 70.4% | 14.4% | ||
| Q2 24 | 77.1% | 30.3% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 11.3% | ||
| Q3 25 | 60.7% | -2.6% | ||
| Q2 25 | 38.4% | 5.1% | ||
| Q1 25 | 41.8% | 12.4% | ||
| Q4 24 | 57.4% | 10.4% | ||
| Q3 24 | 47.9% | 7.6% | ||
| Q2 24 | 54.7% | 28.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.54 | ||
| Q3 25 | $0.85 | $-0.13 | ||
| Q2 25 | $0.54 | $0.27 | ||
| Q1 25 | $0.60 | $0.67 | ||
| Q4 24 | $0.79 | $0.56 | ||
| Q3 24 | $0.67 | $0.40 | ||
| Q2 24 | $0.77 | $1.34 |
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 | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $4.5B |
| Total Assets | $13.8B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $477.9M | ||
| Q2 25 | — | $338.2M | ||
| Q1 25 | — | $303.8M | ||
| Q4 24 | $560.8M | $247.3M | ||
| Q3 24 | $560.8M | $391.9M | ||
| Q2 24 | $560.8M | $162.9M |
| 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 | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $4.5B | ||
| Q3 25 | $4.6B | $4.5B | ||
| Q2 25 | $4.6B | $4.6B | ||
| Q1 25 | $4.2B | $4.7B | ||
| Q4 24 | $4.3B | $4.7B | ||
| Q3 24 | $4.3B | $4.7B | ||
| Q2 24 | $4.1B | $4.0B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $7.5B | ||
| Q3 25 | $12.8B | $7.6B | ||
| Q2 25 | $12.5B | $7.7B | ||
| Q1 25 | $12.1B | $7.9B | ||
| Q4 24 | $13.1B | $8.0B | ||
| Q3 24 | $12.7B | $8.0B | ||
| Q2 24 | $11.8B | $5.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $187.1M | ||
| Q3 25 | $240.3M | $277.1M | ||
| Q2 25 | $293.4M | $216.4M | ||
| Q1 25 | $252.5M | $271.1M | ||
| Q4 24 | $1.1B | $136.2M | ||
| Q3 24 | $270.4M | $283.8M | ||
| Q2 24 | $252.1M | $106.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4M | ||
| Q3 25 | $183.0M | $139.5M | ||
| Q2 25 | $272.3M | $99.8M | ||
| Q1 25 | $239.6M | $157.5M | ||
| Q4 24 | $1.1B | $-4.4M | ||
| Q3 24 | $261.5M | $156.8M | ||
| Q2 24 | $245.0M | $-34.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 46.0% | 17.5% | ||
| Q2 25 | 69.0% | 11.8% | ||
| Q1 25 | 60.6% | 18.0% | ||
| Q4 24 | 275.3% | -0.5% | ||
| Q3 24 | 67.9% | 19.6% | ||
| Q2 24 | 64.4% | -4.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | 14.4% | 17.3% | ||
| Q2 25 | 5.3% | 13.7% | ||
| Q1 25 | 3.3% | 13.0% | ||
| Q4 24 | 0.0% | 15.2% | ||
| Q3 24 | 2.3% | 15.9% | ||
| Q2 24 | 1.9% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 2.16× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | 5.05× | ||
| Q1 25 | 1.53× | 2.50× | ||
| Q4 24 | 4.80× | 1.41× | ||
| Q3 24 | 1.46× | 4.64× | ||
| Q2 24 | 1.21× | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
