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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Privia Health Group, Inc. (PRVA). Click either name above to swap in a different company.

Privia Health Group, Inc. is the larger business by last-quarter revenue ($541.2M vs $420.0M, roughly 1.3× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 1.7%, a 55.3% gap on every dollar of revenue. On growth, Privia Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 6.3%). Over the past eight quarters, Privia Health Group, Inc.'s revenue compounded faster (14.2% 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.

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

GLPI vs PRVA — Head-to-Head

Bigger by revenue
PRVA
PRVA
1.3× larger
PRVA
$541.2M
$420.0M
GLPI
Growing faster (revenue YoY)
PRVA
PRVA
+11.1% gap
PRVA
17.4%
6.3%
GLPI
Higher net margin
GLPI
GLPI
55.3% more per $
GLPI
57.0%
1.7%
PRVA
Faster 2-yr revenue CAGR
PRVA
PRVA
Annualised
PRVA
14.2%
5.0%
GLPI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
PRVA
PRVA
Revenue
$420.0M
$541.2M
Net Profit
$239.4M
$9.2M
Gross Margin
Operating Margin
79.4%
2.1%
Net Margin
57.0%
1.7%
Revenue YoY
6.3%
17.4%
Net Profit YoY
40.5%
108.0%
EPS (diluted)
$0.08

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.

Revenue
GLPI
GLPI
PRVA
PRVA
Q1 26
$420.0M
Q4 25
$407.0M
$541.2M
Q3 25
$397.6M
$580.4M
Q2 25
$394.9M
$521.2M
Q1 25
$395.2M
$480.1M
Q4 24
$389.6M
$460.9M
Q3 24
$385.3M
$437.9M
Q2 24
$380.6M
$422.3M
Net Profit
GLPI
GLPI
PRVA
PRVA
Q1 26
$239.4M
Q4 25
$275.4M
$9.2M
Q3 25
$241.2M
$6.9M
Q2 25
$151.4M
$2.7M
Q1 25
$165.2M
$4.2M
Q4 24
$223.6M
$4.4M
Q3 24
$184.7M
$3.5M
Q2 24
$208.3M
$3.5M
Operating Margin
GLPI
GLPI
PRVA
PRVA
Q1 26
79.4%
Q4 25
89.3%
2.1%
Q3 25
84.8%
2.5%
Q2 25
61.3%
0.6%
Q1 25
65.5%
1.1%
Q4 24
79.1%
1.1%
Q3 24
70.4%
1.3%
Q2 24
77.1%
1.2%
Net Margin
GLPI
GLPI
PRVA
PRVA
Q1 26
57.0%
Q4 25
67.6%
1.7%
Q3 25
60.7%
1.2%
Q2 25
38.4%
0.5%
Q1 25
41.8%
0.9%
Q4 24
57.4%
1.0%
Q3 24
47.9%
0.8%
Q2 24
54.7%
0.8%
EPS (diluted)
GLPI
GLPI
PRVA
PRVA
Q1 26
Q4 25
$0.96
$0.08
Q3 25
$0.85
$0.05
Q2 25
$0.54
$0.02
Q1 25
$0.60
$0.03
Q4 24
$0.79
$0.03
Q3 24
$0.67
$0.03
Q2 24
$0.77
$0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GLPI
GLPI
PRVA
PRVA
Cash + ST InvestmentsLiquidity on hand
$274.5M
$479.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$737.2M
Total Assets
$13.8B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
PRVA
PRVA
Q1 26
$274.5M
Q4 25
$479.7M
Q3 25
$441.4M
Q2 25
$390.1M
Q1 25
$469.3M
Q4 24
$560.8M
$491.1M
Q3 24
$560.8M
$422.0M
Q2 24
$560.8M
$387.4M
Total Debt
GLPI
GLPI
PRVA
PRVA
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
Stockholders' Equity
GLPI
GLPI
PRVA
PRVA
Q1 26
$5.0B
Q4 25
$4.6B
$737.2M
Q3 25
$4.6B
$709.1M
Q2 25
$4.6B
$682.9M
Q1 25
$4.2B
$659.4M
Q4 24
$4.3B
$635.2M
Q3 24
$4.3B
$614.9M
Q2 24
$4.1B
$595.4M
Total Assets
GLPI
GLPI
PRVA
PRVA
Q1 26
$13.8B
Q4 25
$12.9B
$1.4B
Q3 25
$12.8B
$1.4B
Q2 25
$12.5B
$1.3B
Q1 25
$12.1B
$1.2B
Q4 24
$13.1B
$1.1B
Q3 24
$12.7B
$1.1B
Q2 24
$11.8B
$1.1B
Debt / Equity
GLPI
GLPI
PRVA
PRVA
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
GLPI
GLPI
PRVA
PRVA
Operating Cash FlowLast quarter
$127.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
13.93×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
PRVA
PRVA
Q1 26
Q4 25
$1.1B
$127.5M
Q3 25
$240.3M
$52.0M
Q2 25
$293.4M
$8.0M
Q1 25
$252.5M
$-24.1M
Q4 24
$1.1B
$74.8M
Q3 24
$270.4M
$33.2M
Q2 24
$252.1M
$34.5M
Free Cash Flow
GLPI
GLPI
PRVA
PRVA
Q1 26
Q4 25
Q3 25
$183.0M
Q2 25
$272.3M
Q1 25
$239.6M
Q4 24
$1.1B
Q3 24
$261.5M
Q2 24
$245.0M
FCF Margin
GLPI
GLPI
PRVA
PRVA
Q1 26
Q4 25
Q3 25
46.0%
Q2 25
69.0%
Q1 25
60.6%
Q4 24
275.3%
Q3 24
67.9%
Q2 24
64.4%
Capex Intensity
GLPI
GLPI
PRVA
PRVA
Q1 26
Q4 25
Q3 25
14.4%
Q2 25
5.3%
Q1 25
3.3%
Q4 24
0.0%
Q3 24
2.3%
Q2 24
1.9%
Cash Conversion
GLPI
GLPI
PRVA
PRVA
Q1 26
Q4 25
4.10×
13.93×
Q3 25
1.00×
7.58×
Q2 25
1.94×
2.97×
Q1 25
1.53×
-5.70×
Q4 24
4.80×
17.00×
Q3 24
1.46×
9.38×
Q2 24
1.21×
9.94×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

PRVA
PRVA

FFS Patient Care$364.4M67%
Capitated Revenue$71.4M13%
Shared Savings$46.9M9%
FFS Administrative Services$36.0M7%
Care Management Fee PMPM$20.0M4%
Other Revenue$2.5M0%

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