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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
OCEANEERING INTERNATIONAL INC is the larger business by last-quarter revenue ($692.4M vs $420.0M, roughly 1.6× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 5.2%, a 51.8% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 2.7%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 1.8%).
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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
GLPI vs OII — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $692.4M |
| Net Profit | $239.4M | $36.1M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | — |
| Net Margin | 57.0% | 5.2% |
| Revenue YoY | 6.3% | 2.7% |
| Net Profit YoY | 40.5% | -79.7% |
| EPS (diluted) | — | $0.36 |
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 | $692.4M | ||
| Q4 25 | $407.0M | $668.6M | ||
| Q3 25 | $397.6M | $742.9M | ||
| Q2 25 | $394.9M | $698.2M | ||
| Q1 25 | $395.2M | $674.5M | ||
| Q4 24 | $389.6M | $713.5M | ||
| Q3 24 | $385.3M | $679.8M | ||
| Q2 24 | $380.6M | $668.8M |
| Q1 26 | $239.4M | $36.1M | ||
| Q4 25 | $275.4M | $177.7M | ||
| Q3 25 | $241.2M | $71.3M | ||
| Q2 25 | $151.4M | $54.4M | ||
| Q1 25 | $165.2M | $50.4M | ||
| Q4 24 | $223.6M | $56.1M | ||
| Q3 24 | $184.7M | $41.2M | ||
| Q2 24 | $208.3M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 9.8% | ||
| Q3 25 | 84.8% | 11.6% | ||
| Q2 25 | 61.3% | 11.3% | ||
| Q1 25 | 65.5% | 10.9% | ||
| Q4 24 | 79.1% | 10.9% | ||
| Q3 24 | 70.4% | 10.5% | ||
| Q2 24 | 77.1% | 9.0% |
| Q1 26 | 57.0% | 5.2% | ||
| Q4 25 | 67.6% | 26.6% | ||
| Q3 25 | 60.7% | 9.6% | ||
| Q2 25 | 38.4% | 7.8% | ||
| Q1 25 | 41.8% | 7.5% | ||
| Q4 24 | 57.4% | 7.9% | ||
| Q3 24 | 47.9% | 6.1% | ||
| Q2 24 | 54.7% | 5.2% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $0.96 | $1.75 | ||
| Q3 25 | $0.85 | $0.71 | ||
| Q2 25 | $0.54 | $0.54 | ||
| Q1 25 | $0.60 | $0.49 | ||
| Q4 24 | $0.79 | $0.55 | ||
| Q3 24 | $0.67 | $0.40 | ||
| Q2 24 | $0.77 | $0.34 |
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 | — |
| Total DebtLower is stronger | — | $488.8M |
| Stockholders' EquityBook value | $5.0B | $1.1B |
| Total Assets | $13.8B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.0M | ||
| Q4 24 | $560.8M | $504.5M | ||
| Q3 24 | $560.8M | — | ||
| Q2 24 | $560.8M | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | $7.2B | $487.4M | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | $482.0M | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | $1.1B | ||
| Q4 25 | $4.6B | $1.1B | ||
| Q3 25 | $4.6B | $907.7M | ||
| Q2 25 | $4.6B | $842.1M | ||
| Q1 25 | $4.2B | $773.1M | ||
| Q4 24 | $4.3B | $714.3M | ||
| Q3 24 | $4.3B | $698.0M | ||
| Q2 24 | $4.1B | $651.0M |
| Q1 26 | $13.8B | $2.6B | ||
| Q4 25 | $12.9B | $2.7B | ||
| Q3 25 | $12.8B | $2.5B | ||
| Q2 25 | $12.5B | $2.3B | ||
| Q1 25 | $12.1B | $2.3B | ||
| Q4 24 | $13.1B | $2.3B | ||
| Q3 24 | $12.7B | $2.4B | ||
| Q2 24 | $11.8B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | 1.56× | 0.46× | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.81× | 0.67× | ||
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $221.1M | ||
| Q3 25 | $240.3M | $101.3M | ||
| Q2 25 | $293.4M | $77.2M | ||
| Q1 25 | $252.5M | $-80.7M | ||
| Q4 24 | $1.1B | $128.4M | ||
| Q3 24 | $270.4M | $91.9M | ||
| Q2 24 | $252.1M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | — | $190.7M | ||
| Q3 25 | $183.0M | $77.0M | ||
| Q2 25 | $272.3M | $46.9M | ||
| Q1 25 | $239.6M | $-106.8M | ||
| Q4 24 | $1.1B | $94.5M | ||
| Q3 24 | $261.5M | $67.0M | ||
| Q2 24 | $245.0M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | 46.0% | 10.4% | ||
| Q2 25 | 69.0% | 6.7% | ||
| Q1 25 | 60.6% | -15.8% | ||
| Q4 24 | 275.3% | 13.2% | ||
| Q3 24 | 67.9% | 9.9% | ||
| Q2 24 | 64.4% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 14.4% | 3.3% | ||
| Q2 25 | 5.3% | 4.3% | ||
| Q1 25 | 3.3% | 3.9% | ||
| Q4 24 | 0.0% | 4.7% | ||
| Q3 24 | 2.3% | 3.7% | ||
| Q2 24 | 1.9% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.24× | ||
| Q3 25 | 1.00× | 1.42× | ||
| Q2 25 | 1.94× | 1.42× | ||
| Q1 25 | 1.53× | -1.60× | ||
| Q4 24 | 4.80× | 2.29× | ||
| Q3 24 | 1.46× | 2.23× | ||
| Q2 24 | 1.21× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
