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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.7× ONESPAWORLD HOLDINGS Ltd). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 5.0%, a 52.0% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 6.3%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
GLPI vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $242.1M |
| Net Profit | $239.4M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 6.8% |
| Net Margin | 57.0% | 5.0% |
| Revenue YoY | 6.3% | 11.5% |
| Net Profit YoY | 40.5% | -16.2% |
| 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.
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $242.1M | ||
| Q3 25 | $397.6M | $258.5M | ||
| Q2 25 | $394.9M | $240.7M | ||
| Q1 25 | $395.2M | $219.6M | ||
| Q4 24 | $389.6M | $217.2M | ||
| Q3 24 | $385.3M | $241.7M | ||
| Q2 24 | $380.6M | $224.9M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $12.1M | ||
| Q3 25 | $241.2M | $24.3M | ||
| Q2 25 | $151.4M | $19.9M | ||
| Q1 25 | $165.2M | $15.3M | ||
| Q4 24 | $223.6M | $14.4M | ||
| Q3 24 | $184.7M | $21.6M | ||
| Q2 24 | $208.3M | $15.8M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 6.8% | ||
| Q3 25 | 84.8% | 10.2% | ||
| Q2 25 | 61.3% | 9.2% | ||
| Q1 25 | 65.5% | 7.7% | ||
| Q4 24 | 79.1% | 7.9% | ||
| Q3 24 | 70.4% | 10.3% | ||
| Q2 24 | 77.1% | 8.4% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 5.0% | ||
| Q3 25 | 60.7% | 9.4% | ||
| Q2 25 | 38.4% | 8.3% | ||
| Q1 25 | 41.8% | 7.0% | ||
| Q4 24 | 57.4% | 6.6% | ||
| Q3 24 | 47.9% | 8.9% | ||
| Q2 24 | 54.7% | 7.0% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.12 | ||
| Q3 25 | $0.85 | $0.23 | ||
| Q2 25 | $0.54 | $0.19 | ||
| Q1 25 | $0.60 | $0.15 | ||
| Q4 24 | $0.79 | $0.13 | ||
| Q3 24 | $0.67 | $0.20 | ||
| Q2 24 | $0.77 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $5.0B | $542.6M |
| Total Assets | $13.8B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | $560.8M | $57.4M | ||
| Q3 24 | $560.8M | $48.8M | ||
| Q2 24 | $560.8M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $84.0M | ||
| Q3 25 | $7.2B | $85.2M | ||
| Q2 25 | $6.9B | $96.2M | ||
| Q1 25 | $6.9B | $97.4M | ||
| Q4 24 | $7.7B | $98.6M | ||
| Q3 24 | $7.4B | $98.7M | ||
| Q2 24 | $6.6B | $123.8M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $542.6M | ||
| Q3 25 | $4.6B | $552.8M | ||
| Q2 25 | $4.6B | $548.3M | ||
| Q1 25 | $4.2B | $530.6M | ||
| Q4 24 | $4.3B | $554.5M | ||
| Q3 24 | $4.3B | $540.1M | ||
| Q2 24 | $4.1B | $532.7M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $707.1M | ||
| Q3 25 | $12.8B | $732.6M | ||
| Q2 25 | $12.5B | $731.8M | ||
| Q1 25 | $12.1B | $708.7M | ||
| Q4 24 | $13.1B | $746.4M | ||
| Q3 24 | $12.7B | $734.0M | ||
| Q2 24 | $11.8B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.15× | ||
| Q3 25 | 1.57× | 0.15× | ||
| Q2 25 | 1.51× | 0.18× | ||
| Q1 25 | 1.63× | 0.18× | ||
| Q4 24 | 1.81× | 0.18× | ||
| Q3 24 | 1.74× | 0.18× | ||
| Q2 24 | 1.60× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $20.0M | ||
| Q3 25 | $240.3M | $33.2M | ||
| Q2 25 | $293.4M | $20.3M | ||
| Q1 25 | $252.5M | $10.1M | ||
| Q4 24 | $1.1B | $16.6M | ||
| Q3 24 | $270.4M | $28.6M | ||
| Q2 24 | $252.1M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | $183.0M | $27.6M | ||
| Q2 25 | $272.3M | $17.6M | ||
| Q1 25 | $239.6M | $8.4M | ||
| Q4 24 | $1.1B | $13.2M | ||
| Q3 24 | $261.5M | $27.5M | ||
| Q2 24 | $245.0M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | 46.0% | 10.7% | ||
| Q2 25 | 69.0% | 7.3% | ||
| Q1 25 | 60.6% | 3.8% | ||
| Q4 24 | 275.3% | 6.1% | ||
| Q3 24 | 67.9% | 11.4% | ||
| Q2 24 | 64.4% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | 14.4% | 2.2% | ||
| Q2 25 | 5.3% | 1.1% | ||
| Q1 25 | 3.3% | 0.8% | ||
| Q4 24 | 0.0% | 1.5% | ||
| Q3 24 | 2.3% | 0.5% | ||
| Q2 24 | 1.9% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.65× | ||
| Q3 25 | 1.00× | 1.36× | ||
| Q2 25 | 1.94× | 1.02× | ||
| Q1 25 | 1.53× | 0.66× | ||
| Q4 24 | 4.80× | 1.15× | ||
| Q3 24 | 1.46× | 1.33× | ||
| Q2 24 | 1.21× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
