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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($629.0M vs $420.0M, roughly 1.5× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -32.6%, a 89.6% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 0.6%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -0.8%).
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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
GLPI vs PK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $629.0M |
| Net Profit | $239.4M | $-205.0M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | -26.1% |
| Net Margin | 57.0% | -32.6% |
| Revenue YoY | 6.3% | 0.6% |
| Net Profit YoY | 40.5% | -410.6% |
| EPS (diluted) | — | $-1.04 |
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 | $629.0M | ||
| Q3 25 | $397.6M | $610.0M | ||
| Q2 25 | $394.9M | $672.0M | ||
| Q1 25 | $395.2M | $630.0M | ||
| Q4 24 | $389.6M | $625.0M | ||
| Q3 24 | $385.3M | $649.0M | ||
| Q2 24 | $380.6M | $686.0M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-205.0M | ||
| Q3 25 | $241.2M | $-16.0M | ||
| Q2 25 | $151.4M | $-5.0M | ||
| Q1 25 | $165.2M | $-57.0M | ||
| Q4 24 | $223.6M | $66.0M | ||
| Q3 24 | $184.7M | $54.0M | ||
| Q2 24 | $208.3M | $64.0M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | -26.1% | ||
| Q3 25 | 84.8% | 9.7% | ||
| Q2 25 | 61.3% | 9.7% | ||
| Q1 25 | 65.5% | 1.1% | ||
| Q4 24 | 79.1% | 13.3% | ||
| Q3 24 | 70.4% | 14.6% | ||
| Q2 24 | 77.1% | 17.6% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -32.6% | ||
| Q3 25 | 60.7% | -2.6% | ||
| Q2 25 | 38.4% | -0.7% | ||
| Q1 25 | 41.8% | -9.0% | ||
| Q4 24 | 57.4% | 10.6% | ||
| Q3 24 | 47.9% | 8.3% | ||
| Q2 24 | 54.7% | 9.3% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-1.04 | ||
| Q3 25 | $0.85 | $-0.08 | ||
| Q2 25 | $0.54 | $-0.02 | ||
| Q1 25 | $0.60 | $-0.29 | ||
| Q4 24 | $0.79 | $0.32 | ||
| Q3 24 | $0.67 | $0.26 | ||
| Q2 24 | $0.77 | $0.30 |
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 | $232.0M |
| Total DebtLower is stronger | — | $3.9B |
| Stockholders' EquityBook value | $5.0B | $3.1B |
| Total Assets | $13.8B | $7.7B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $232.0M | ||
| Q3 25 | — | $278.0M | ||
| Q2 25 | — | $319.0M | ||
| Q1 25 | — | $233.0M | ||
| Q4 24 | $560.8M | $402.0M | ||
| Q3 24 | $560.8M | $480.0M | ||
| Q2 24 | $560.8M | $449.0M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $3.9B | ||
| Q3 25 | $7.2B | $3.9B | ||
| Q2 25 | $6.9B | $3.9B | ||
| Q1 25 | $6.9B | $3.9B | ||
| Q4 24 | $7.7B | $3.9B | ||
| Q3 24 | $7.4B | $3.9B | ||
| Q2 24 | $6.6B | $3.9B |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $3.1B | ||
| Q3 25 | $4.6B | $3.4B | ||
| Q2 25 | $4.6B | $3.4B | ||
| Q1 25 | $4.2B | $3.5B | ||
| Q4 24 | $4.3B | $3.6B | ||
| Q3 24 | $4.3B | $3.8B | ||
| Q2 24 | $4.1B | $3.8B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $7.7B | ||
| Q3 25 | $12.8B | $8.8B | ||
| Q2 25 | $12.5B | $8.9B | ||
| Q1 25 | $12.1B | $8.9B | ||
| Q4 24 | $13.1B | $9.2B | ||
| Q3 24 | $12.7B | $9.2B | ||
| Q2 24 | $11.8B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 1.23× | ||
| Q3 25 | 1.57× | 1.14× | ||
| Q2 25 | 1.51× | 1.12× | ||
| Q1 25 | 1.63× | 1.11× | ||
| Q4 24 | 1.81× | 1.06× | ||
| Q3 24 | 1.74× | 1.03× | ||
| Q2 24 | 1.60× | 1.03× |
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 | — | $105.0M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 17.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $105.0M | ||
| Q3 25 | $240.3M | $99.0M | ||
| Q2 25 | $293.4M | $108.0M | ||
| Q1 25 | $252.5M | $86.0M | ||
| Q4 24 | $1.1B | $80.0M | ||
| Q3 24 | $270.4M | $140.0M | ||
| Q2 24 | $252.1M | $117.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-3.0M | ||
| Q3 25 | $183.0M | $31.0M | ||
| Q2 25 | $272.3M | $65.0M | ||
| Q1 25 | $239.6M | $9.0M | ||
| Q4 24 | $1.1B | $17.0M | ||
| Q3 24 | $261.5M | $97.0M | ||
| Q2 24 | $245.0M | $66.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | 46.0% | 5.1% | ||
| Q2 25 | 69.0% | 9.7% | ||
| Q1 25 | 60.6% | 1.4% | ||
| Q4 24 | 275.3% | 2.7% | ||
| Q3 24 | 67.9% | 14.9% | ||
| Q2 24 | 64.4% | 9.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | 14.4% | 11.1% | ||
| Q2 25 | 5.3% | 6.4% | ||
| Q1 25 | 3.3% | 12.2% | ||
| Q4 24 | 0.0% | 10.1% | ||
| Q3 24 | 2.3% | 6.6% | ||
| Q2 24 | 1.9% | 7.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 4.80× | 1.21× | ||
| Q3 24 | 1.46× | 2.59× | ||
| Q2 24 | 1.21× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
