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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and PROCORE TECHNOLOGIES, INC. (PCOR). 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 $349.1M, roughly 1.2× PROCORE TECHNOLOGIES, INC.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -10.8%, a 67.8% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 6.3%). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
GLPI vs PCOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $349.1M |
| Net Profit | $239.4M | $-37.6M |
| Gross Margin | — | 80.1% |
| Operating Margin | 79.4% | -12.3% |
| Net Margin | 57.0% | -10.8% |
| Revenue YoY | 6.3% | 15.6% |
| Net Profit YoY | 40.5% | 39.6% |
| EPS (diluted) | — | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $397.6M | $338.9M | ||
| Q2 25 | $394.9M | $323.9M | ||
| Q1 25 | $395.2M | $310.6M | ||
| Q4 24 | $389.6M | $302.0M | ||
| Q3 24 | $385.3M | $295.9M | ||
| Q2 24 | $380.6M | $284.3M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-37.6M | ||
| Q3 25 | $241.2M | $-9.1M | ||
| Q2 25 | $151.4M | $-21.1M | ||
| Q1 25 | $165.2M | $-33.0M | ||
| Q4 24 | $223.6M | $-62.3M | ||
| Q3 24 | $184.7M | $-26.4M | ||
| Q2 24 | $208.3M | $-6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | -12.3% | ||
| Q3 25 | 84.8% | -4.4% | ||
| Q2 25 | 61.3% | -9.3% | ||
| Q1 25 | 65.5% | -11.7% | ||
| Q4 24 | 79.1% | -21.9% | ||
| Q3 24 | 70.4% | -12.3% | ||
| Q2 24 | 77.1% | -5.2% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -10.8% | ||
| Q3 25 | 60.7% | -2.7% | ||
| Q2 25 | 38.4% | -6.5% | ||
| Q1 25 | 41.8% | -10.6% | ||
| Q4 24 | 57.4% | -20.6% | ||
| Q3 24 | 47.9% | -8.9% | ||
| Q2 24 | 54.7% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-0.25 | ||
| Q3 25 | $0.85 | $-0.06 | ||
| Q2 25 | $0.54 | $-0.14 | ||
| Q1 25 | $0.60 | $-0.22 | ||
| Q4 24 | $0.79 | $-0.42 | ||
| Q3 24 | $0.67 | $-0.18 | ||
| Q2 24 | $0.77 | $-0.04 |
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 | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $1.3B |
| Total Assets | $13.8B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $768.5M | ||
| Q3 25 | — | $684.0M | ||
| Q2 25 | — | $620.9M | ||
| Q1 25 | — | $566.7M | ||
| Q4 24 | $560.8M | $775.4M | ||
| Q3 24 | $560.8M | $756.9M | ||
| Q2 24 | $560.8M | $735.4M |
| 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 | $1.3B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $4.2B | $1.2B | ||
| Q4 24 | $4.3B | $1.3B | ||
| Q3 24 | $4.3B | $1.3B | ||
| Q2 24 | $4.1B | $1.3B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.2B | ||
| Q3 25 | $12.8B | $2.1B | ||
| Q2 25 | $12.5B | $2.0B | ||
| Q1 25 | $12.1B | $1.9B | ||
| Q4 24 | $13.1B | $2.1B | ||
| Q3 24 | $12.7B | $2.0B | ||
| Q2 24 | $11.8B | $2.0B |
| 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 | — | $114.9M |
| Free Cash FlowOCF − Capex | — | $109.2M |
| FCF MarginFCF / Revenue | — | 31.3% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $114.9M | ||
| Q3 25 | $240.3M | $88.5M | ||
| Q2 25 | $293.4M | $30.8M | ||
| Q1 25 | $252.5M | $66.0M | ||
| Q4 24 | $1.1B | $29.1M | ||
| Q3 24 | $270.4M | $39.3M | ||
| Q2 24 | $252.1M | $58.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $109.2M | ||
| Q3 25 | $183.0M | $83.1M | ||
| Q2 25 | $272.3M | $27.9M | ||
| Q1 25 | $239.6M | $62.0M | ||
| Q4 24 | $1.1B | $17.4M | ||
| Q3 24 | $261.5M | $35.7M | ||
| Q2 24 | $245.0M | $56.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 31.3% | ||
| Q3 25 | 46.0% | 24.5% | ||
| Q2 25 | 69.0% | 8.6% | ||
| Q1 25 | 60.6% | 20.0% | ||
| Q4 24 | 275.3% | 5.8% | ||
| Q3 24 | 67.9% | 12.1% | ||
| Q2 24 | 64.4% | 20.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | 14.4% | 1.6% | ||
| Q2 25 | 5.3% | 0.9% | ||
| Q1 25 | 3.3% | 1.3% | ||
| Q4 24 | 0.0% | 3.9% | ||
| Q3 24 | 2.3% | 1.2% | ||
| Q2 24 | 1.9% | 0.7% |
| 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× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
