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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
Gaming & Leisure Properties, Inc. is the larger business by last-quarter revenue ($420.0M vs $326.2M, roughly 1.3× New Fortress Energy Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -259.7%, a 316.7% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -7.0%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
GLPI vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $326.2M |
| Net Profit | $239.4M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 79.4% | -193.0% |
| Net Margin | 57.0% | -259.7% |
| Revenue YoY | 6.3% | -7.0% |
| Net Profit YoY | 40.5% | -277.4% |
| EPS (diluted) | — | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $397.6M | $240.3M | ||
| Q2 25 | $394.9M | $228.1M | ||
| Q1 25 | $395.2M | $384.9M | ||
| Q4 24 | $389.6M | $350.7M | ||
| Q3 24 | $385.3M | $446.0M | ||
| Q2 24 | $380.6M | $291.2M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-847.1M | ||
| Q3 25 | $241.2M | $-263.0M | ||
| Q2 25 | $151.4M | $-546.5M | ||
| Q1 25 | $165.2M | $-175.4M | ||
| Q4 24 | $223.6M | $-224.4M | ||
| Q3 24 | $184.7M | $9.3M | ||
| Q2 24 | $208.3M | $-88.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | -193.0% | ||
| Q3 25 | 84.8% | -37.4% | ||
| Q2 25 | 61.3% | -170.3% | ||
| Q1 25 | 65.5% | -3.3% | ||
| Q4 24 | 79.1% | 65.0% | ||
| Q3 24 | 70.4% | 17.8% | ||
| Q2 24 | 77.1% | 12.3% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -259.7% | ||
| Q3 25 | 60.7% | -109.4% | ||
| Q2 25 | 38.4% | -239.6% | ||
| Q1 25 | 41.8% | -45.6% | ||
| Q4 24 | 57.4% | -64.0% | ||
| Q3 24 | 47.9% | 2.1% | ||
| Q2 24 | 54.7% | -30.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-3.03 | ||
| Q3 25 | $0.85 | $-0.96 | ||
| Q2 25 | $0.54 | $-1.99 | ||
| Q1 25 | $0.60 | $-0.65 | ||
| Q4 24 | $0.79 | $-1.10 | ||
| Q3 24 | $0.67 | $0.03 | ||
| Q2 24 | $0.77 | $-0.42 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $5.0B | $182.6M |
| Total Assets | $13.8B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $226.5M | ||
| Q3 25 | — | $145.2M | ||
| Q2 25 | — | $551.1M | ||
| Q1 25 | — | $447.9M | ||
| Q4 24 | $560.8M | $492.9M | ||
| Q3 24 | $560.8M | $90.8M | ||
| Q2 24 | $560.8M | $133.0M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $8.2B | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | $8.9B | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $182.6M | ||
| Q3 25 | $4.6B | $1.1B | ||
| Q2 25 | $4.6B | $1.3B | ||
| Q1 25 | $4.2B | $1.8B | ||
| Q4 24 | $4.3B | $1.9B | ||
| Q3 24 | $4.3B | $1.6B | ||
| Q2 24 | $4.1B | $1.6B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $10.6B | ||
| Q3 25 | $12.8B | $12.0B | ||
| Q2 25 | $12.5B | $12.0B | ||
| Q1 25 | $12.1B | $13.1B | ||
| Q4 24 | $13.1B | $12.9B | ||
| Q3 24 | $12.7B | $12.0B | ||
| Q2 24 | $11.8B | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 44.78× | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.81× | 4.74× | ||
| 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 | — | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-76.2M | ||
| Q3 25 | $240.3M | $-171.0M | ||
| Q2 25 | $293.4M | $-329.0M | ||
| Q1 25 | $252.5M | $-7.2M | ||
| Q4 24 | $1.1B | $445.3M | ||
| Q3 24 | $270.4M | $-20.0M | ||
| Q2 24 | $252.1M | $113.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-134.8M | ||
| Q3 25 | $183.0M | $-231.6M | ||
| Q2 25 | $272.3M | $-726.7M | ||
| Q1 25 | $239.6M | $-262.3M | ||
| Q4 24 | $1.1B | $-210.3M | ||
| Q3 24 | $261.5M | $-367.0M | ||
| Q2 24 | $245.0M | $-493.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -41.3% | ||
| Q3 25 | 46.0% | -96.4% | ||
| Q2 25 | 69.0% | -318.6% | ||
| Q1 25 | 60.6% | -68.2% | ||
| Q4 24 | 275.3% | -60.0% | ||
| Q3 24 | 67.9% | -82.3% | ||
| Q2 24 | 64.4% | -169.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | 14.4% | 25.2% | ||
| Q2 25 | 5.3% | 174.4% | ||
| Q1 25 | 3.3% | 66.3% | ||
| Q4 24 | 0.0% | 187.0% | ||
| Q3 24 | 2.3% | 77.8% | ||
| Q2 24 | 1.9% | 208.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 1.46× | -2.15× | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
