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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Paymentus Holdings, Inc. (PAY). 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 $330.5M, roughly 1.3× Paymentus Holdings, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 6.3%, a 50.7% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 6.3%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
GLPI vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $330.5M |
| Net Profit | $239.4M | $20.7M |
| Gross Margin | — | 25.4% |
| Operating Margin | 79.4% | 7.3% |
| Net Margin | 57.0% | 6.3% |
| Revenue YoY | 6.3% | 28.1% |
| Net Profit YoY | 40.5% | 57.2% |
| EPS (diluted) | — | $0.16 |
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 | $330.5M | ||
| Q3 25 | $397.6M | $310.7M | ||
| Q2 25 | $394.9M | $280.1M | ||
| Q1 25 | $395.2M | $275.2M | ||
| Q4 24 | $389.6M | $257.9M | ||
| Q3 24 | $385.3M | $231.6M | ||
| Q2 24 | $380.6M | $197.4M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $20.7M | ||
| Q3 25 | $241.2M | $17.7M | ||
| Q2 25 | $151.4M | $14.7M | ||
| Q1 25 | $165.2M | $13.8M | ||
| Q4 24 | $223.6M | $13.1M | ||
| Q3 24 | $184.7M | $14.4M | ||
| Q2 24 | $208.3M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 29.8% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 7.3% | ||
| Q3 25 | 84.8% | 6.4% | ||
| Q2 25 | 61.3% | 5.7% | ||
| Q1 25 | 65.5% | 5.7% | ||
| Q4 24 | 79.1% | 5.5% | ||
| Q3 24 | 70.4% | 5.2% | ||
| Q2 24 | 77.1% | 5.2% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 6.3% | ||
| Q3 25 | 60.7% | 5.7% | ||
| Q2 25 | 38.4% | 5.3% | ||
| Q1 25 | 41.8% | 5.0% | ||
| Q4 24 | 57.4% | 5.1% | ||
| Q3 24 | 47.9% | 6.2% | ||
| Q2 24 | 54.7% | 4.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.16 | ||
| Q3 25 | $0.85 | $0.14 | ||
| Q2 25 | $0.54 | $0.11 | ||
| Q1 25 | $0.60 | $0.11 | ||
| Q4 24 | $0.79 | $0.11 | ||
| Q3 24 | $0.67 | $0.11 | ||
| Q2 24 | $0.77 | $0.07 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $560.4M |
| Total Assets | $13.8B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $320.9M | ||
| Q3 25 | — | $287.9M | ||
| Q2 25 | — | $266.4M | ||
| Q1 25 | — | $245.8M | ||
| Q4 24 | $560.8M | $205.9M | ||
| Q3 24 | $560.8M | $187.5M | ||
| Q2 24 | $560.8M | $188.8M |
| 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 | $560.4M | ||
| Q3 25 | $4.6B | $537.4M | ||
| Q2 25 | $4.6B | $516.7M | ||
| Q1 25 | $4.2B | $500.4M | ||
| Q4 24 | $4.3B | $485.6M | ||
| Q3 24 | $4.3B | $468.8M | ||
| Q2 24 | $4.1B | $451.6M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $667.9M | ||
| Q3 25 | $12.8B | $644.4M | ||
| Q2 25 | $12.5B | $609.5M | ||
| Q1 25 | $12.1B | $590.9M | ||
| Q4 24 | $13.1B | $576.2M | ||
| Q3 24 | $12.7B | $552.9M | ||
| Q2 24 | $11.8B | $527.7M |
| 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 | — | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $45.1M | ||
| Q3 25 | $240.3M | $35.1M | ||
| Q2 25 | $293.4M | $31.5M | ||
| Q1 25 | $252.5M | $50.4M | ||
| Q4 24 | $1.1B | $27.9M | ||
| Q3 24 | $270.4M | $6.7M | ||
| Q2 24 | $252.1M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $45.0M | ||
| Q3 25 | $183.0M | $35.0M | ||
| Q2 25 | $272.3M | $31.4M | ||
| Q1 25 | $239.6M | $50.4M | ||
| Q4 24 | $1.1B | $27.8M | ||
| Q3 24 | $261.5M | $6.7M | ||
| Q2 24 | $245.0M | $17.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | 46.0% | 11.3% | ||
| Q2 25 | 69.0% | 11.2% | ||
| Q1 25 | 60.6% | 18.3% | ||
| Q4 24 | 275.3% | 10.8% | ||
| Q3 24 | 67.9% | 2.9% | ||
| Q2 24 | 64.4% | 9.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | 14.4% | 0.0% | ||
| Q2 25 | 5.3% | 0.0% | ||
| Q1 25 | 3.3% | 0.0% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 2.3% | 0.0% | ||
| Q2 24 | 1.9% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 2.18× | ||
| Q3 25 | 1.00× | 1.98× | ||
| Q2 25 | 1.94× | 2.14× | ||
| Q1 25 | 1.53× | 3.65× | ||
| Q4 24 | 4.80× | 2.12× | ||
| Q3 24 | 1.46× | 0.47× | ||
| Q2 24 | 1.21× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
