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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Orion Group Holdings Inc (ORN). 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 $216.3M, roughly 1.9× Orion Group Holdings Inc). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 2.2%, a 54.8% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs 6.3%). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% 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.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

GLPI vs ORN — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.9× larger
GLPI
$420.0M
$216.3M
ORN
Growing faster (revenue YoY)
ORN
ORN
+8.4% gap
ORN
14.6%
6.3%
GLPI
Higher net margin
GLPI
GLPI
54.8% more per $
GLPI
57.0%
2.2%
ORN
Faster 2-yr revenue CAGR
ORN
ORN
Annualised
ORN
6.1%
5.0%
GLPI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GLPI
GLPI
ORN
ORN
Revenue
$420.0M
$216.3M
Net Profit
$239.4M
$4.7M
Gross Margin
12.0%
Operating Margin
79.4%
Net Margin
57.0%
2.2%
Revenue YoY
6.3%
14.6%
Net Profit YoY
40.5%
435.7%
EPS (diluted)
$0.12

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
ORN
ORN
Q1 26
$420.0M
$216.3M
Q4 25
$407.0M
$233.2M
Q3 25
$397.6M
$225.1M
Q2 25
$394.9M
$205.3M
Q1 25
$395.2M
$188.7M
Q4 24
$389.6M
$216.9M
Q3 24
$385.3M
$226.7M
Q2 24
$380.6M
$192.2M
Net Profit
GLPI
GLPI
ORN
ORN
Q1 26
$239.4M
$4.7M
Q4 25
$275.4M
$-240.0K
Q3 25
$241.2M
$3.3M
Q2 25
$151.4M
$841.0K
Q1 25
$165.2M
$-1.4M
Q4 24
$223.6M
$6.8M
Q3 24
$184.7M
$4.3M
Q2 24
$208.3M
$-6.6M
Gross Margin
GLPI
GLPI
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
GLPI
GLPI
ORN
ORN
Q1 26
79.4%
Q4 25
89.3%
2.2%
Q3 25
84.8%
2.4%
Q2 25
61.3%
1.7%
Q1 25
65.5%
0.4%
Q4 24
79.1%
4.4%
Q3 24
70.4%
3.4%
Q2 24
77.1%
-1.4%
Net Margin
GLPI
GLPI
ORN
ORN
Q1 26
57.0%
2.2%
Q4 25
67.6%
-0.1%
Q3 25
60.7%
1.5%
Q2 25
38.4%
0.4%
Q1 25
41.8%
-0.7%
Q4 24
57.4%
3.1%
Q3 24
47.9%
1.9%
Q2 24
54.7%
-3.4%
EPS (diluted)
GLPI
GLPI
ORN
ORN
Q1 26
$0.12
Q4 25
$0.96
$-0.00
Q3 25
$0.85
$0.08
Q2 25
$0.54
$0.02
Q1 25
$0.60
$-0.04
Q4 24
$0.79
$0.22
Q3 24
$0.67
$0.12
Q2 24
$0.77
$-0.20

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$274.5M
$6.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$166.7M
Total Assets
$13.8B
$478.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
ORN
ORN
Q1 26
$274.5M
$6.3M
Q4 25
$1.6M
Q3 25
$4.9M
Q2 25
$1.7M
Q1 25
$13.0M
Q4 24
$560.8M
$28.3M
Q3 24
$560.8M
$28.3M
Q2 24
$560.8M
$4.8M
Total Debt
GLPI
GLPI
ORN
ORN
Q1 26
Q4 25
$7.2B
Q3 25
$7.2B
Q2 25
$6.9B
$33.4M
Q1 25
$6.9B
$23.3M
Q4 24
$7.7B
$23.2M
Q3 24
$7.4B
$28.0M
Q2 24
$6.6B
$60.3M
Stockholders' Equity
GLPI
GLPI
ORN
ORN
Q1 26
$5.0B
$166.7M
Q4 25
$4.6B
$159.0M
Q3 25
$4.6B
$157.9M
Q2 25
$4.6B
$153.2M
Q1 25
$4.2B
$150.8M
Q4 24
$4.3B
$150.7M
Q3 24
$4.3B
$142.4M
Q2 24
$4.1B
$111.1M
Total Assets
GLPI
GLPI
ORN
ORN
Q1 26
$13.8B
$478.7M
Q4 25
$12.9B
$414.7M
Q3 25
$12.8B
$422.4M
Q2 25
$12.5B
$432.7M
Q1 25
$12.1B
$416.3M
Q4 24
$13.1B
$417.3M
Q3 24
$12.7B
$430.3M
Q2 24
$11.8B
$414.0M
Debt / Equity
GLPI
GLPI
ORN
ORN
Q1 26
Q4 25
1.56×
Q3 25
1.57×
Q2 25
1.51×
0.22×
Q1 25
1.63×
0.15×
Q4 24
1.81×
0.15×
Q3 24
1.74×
0.20×
Q2 24
1.60×
0.54×

Financial Flow Comparison

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

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