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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $420.0M, roughly 1.0× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 7.6%, a 49.4% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
GLPI vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $430.0M |
| Net Profit | $239.4M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 79.4% | 8.6% |
| Net Margin | 57.0% | 7.6% |
| Revenue YoY | 6.3% | -9.6% |
| Net Profit YoY | 40.5% | — |
| EPS (diluted) | — | $0.18 |
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 | $430.0M | ||
| Q4 25 | $407.0M | $504.3M | ||
| Q3 25 | $397.6M | $381.4M | ||
| Q2 25 | $394.9M | $384.5M | ||
| Q1 25 | $395.2M | $475.6M | ||
| Q4 24 | $389.6M | $490.8M | ||
| Q3 24 | $385.3M | $325.1M | ||
| Q2 24 | $380.6M | $351.2M |
| Q1 26 | $239.4M | $32.8M | ||
| Q4 25 | $275.4M | $234.6M | ||
| Q3 25 | $241.2M | $43.4M | ||
| Q2 25 | $151.4M | $30.1M | ||
| Q1 25 | $165.2M | $85.4M | ||
| Q4 24 | $223.6M | $119.1M | ||
| Q3 24 | $184.7M | $-14.4M | ||
| Q2 24 | $208.3M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | 79.4% | 8.6% | ||
| Q4 25 | 89.3% | 20.7% | ||
| Q3 25 | 84.8% | 3.8% | ||
| Q2 25 | 61.3% | 4.5% | ||
| Q1 25 | 65.5% | 26.7% | ||
| Q4 24 | 79.1% | 29.1% | ||
| Q3 24 | 70.4% | -3.6% | ||
| Q2 24 | 77.1% | 3.7% |
| Q1 26 | 57.0% | 7.6% | ||
| Q4 25 | 67.6% | 46.5% | ||
| Q3 25 | 60.7% | 11.4% | ||
| Q2 25 | 38.4% | 7.8% | ||
| Q1 25 | 41.8% | 18.0% | ||
| Q4 24 | 57.4% | 24.3% | ||
| Q3 24 | 47.9% | -4.4% | ||
| Q2 24 | 54.7% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.96 | $0.81 | ||
| Q3 25 | $0.85 | $0.24 | ||
| Q2 25 | $0.54 | $0.17 | ||
| Q1 25 | $0.60 | $0.91 | ||
| Q4 24 | $0.79 | $1.35 | ||
| Q3 24 | $0.67 | $-0.17 | ||
| 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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $705.9M |
| Total Assets | $13.8B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | $560.8M | $740.0M | ||
| Q3 24 | $560.8M | $703.0M | ||
| Q2 24 | $560.8M | $665.1M |
| 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 | $705.9M | ||
| Q4 25 | $4.6B | $787.4M | ||
| Q3 25 | $4.6B | $596.8M | ||
| Q2 25 | $4.6B | $624.5M | ||
| Q1 25 | $4.2B | $611.3M | ||
| Q4 24 | $4.3B | $585.5M | ||
| Q3 24 | $4.3B | $473.0M | ||
| Q2 24 | $4.1B | $435.4M |
| Q1 26 | $13.8B | $1.6B | ||
| Q4 25 | $12.9B | $1.6B | ||
| Q3 25 | $12.8B | $1.3B | ||
| Q2 25 | $12.5B | $1.3B | ||
| Q1 25 | $12.1B | $1.3B | ||
| Q4 24 | $13.1B | $1.8B | ||
| Q3 24 | $12.7B | $1.6B | ||
| Q2 24 | $11.8B | $1.5B |
| 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 | — | — |
| Free Cash FlowOCF − Capex | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $158.4M | ||
| Q3 25 | $240.3M | $56.3M | ||
| Q2 25 | $293.4M | $86.3M | ||
| Q1 25 | $252.5M | $204.2M | ||
| Q4 24 | $1.1B | $95.2M | ||
| Q3 24 | $270.4M | $30.5M | ||
| Q2 24 | $252.1M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | $183.0M | $51.8M | ||
| Q2 25 | $272.3M | $84.1M | ||
| Q1 25 | $239.6M | $202.3M | ||
| Q4 24 | $1.1B | $92.4M | ||
| Q3 24 | $261.5M | $27.4M | ||
| Q2 24 | $245.0M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | 46.0% | 13.6% | ||
| Q2 25 | 69.0% | 21.9% | ||
| Q1 25 | 60.6% | 42.5% | ||
| Q4 24 | 275.3% | 18.8% | ||
| Q3 24 | 67.9% | 8.4% | ||
| Q2 24 | 64.4% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | 14.4% | 1.2% | ||
| Q2 25 | 5.3% | 0.6% | ||
| Q1 25 | 3.3% | 0.4% | ||
| Q4 24 | 0.0% | 0.6% | ||
| Q3 24 | 2.3% | 0.9% | ||
| Q2 24 | 1.9% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 0.68× | ||
| Q3 25 | 1.00× | 1.30× | ||
| Q2 25 | 1.94× | 2.87× | ||
| Q1 25 | 1.53× | 2.39× | ||
| Q4 24 | 4.80× | 0.80× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.21× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
