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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and RideNow Group, Inc. (RDNW). 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 $256.9M, roughly 1.6× RideNow Group, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -2.5%, a 59.5% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -4.7%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -8.6%).
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.
RideNow Group, Inc. is a leading U.S. retailer of new and used powersports vehicles, including motorcycles, all-terrain vehicles, side-by-sides, personal watercraft, and snowmobiles. It also offers related parts, repair services, and financing options for powersports enthusiasts across over 20 U.S. states.
GLPI vs RDNW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $256.9M |
| Net Profit | $239.4M | $-6.4M |
| Gross Margin | — | 27.6% |
| Operating Margin | 79.4% | 2.1% |
| Net Margin | 57.0% | -2.5% |
| Revenue YoY | 6.3% | -4.7% |
| Net Profit YoY | 40.5% | 88.7% |
| 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 | $256.9M | ||
| Q3 25 | $397.6M | $281.0M | ||
| Q2 25 | $394.9M | $299.9M | ||
| Q1 25 | $395.2M | $244.7M | ||
| Q4 24 | $389.6M | $269.6M | ||
| Q3 24 | $385.3M | $295.0M | ||
| Q2 24 | $380.6M | $336.8M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-6.4M | ||
| Q3 25 | $241.2M | $-4.1M | ||
| Q2 25 | $151.4M | $-32.2M | ||
| Q1 25 | $165.2M | $-9.7M | ||
| Q4 24 | $223.6M | $-56.4M | ||
| Q3 24 | $184.7M | $-11.2M | ||
| Q2 24 | $208.3M | $-700.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 27.6% | ||
| Q3 25 | — | 27.0% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 26.7% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 2.1% | ||
| Q3 25 | 84.8% | 3.3% | ||
| Q2 25 | 61.3% | -6.3% | ||
| Q1 25 | 65.5% | 1.6% | ||
| Q4 24 | 79.1% | -15.2% | ||
| Q3 24 | 70.4% | 1.8% | ||
| Q2 24 | 77.1% | 4.6% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -2.5% | ||
| Q3 25 | 60.7% | -1.5% | ||
| Q2 25 | 38.4% | -10.7% | ||
| Q1 25 | 41.8% | -4.0% | ||
| Q4 24 | 57.4% | -20.9% | ||
| Q3 24 | 47.9% | -3.8% | ||
| Q2 24 | 54.7% | -0.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-0.16 | ||
| Q3 25 | $0.85 | $-0.11 | ||
| Q2 25 | $0.54 | $-0.85 | ||
| Q1 25 | $0.60 | $-0.26 | ||
| Q4 24 | $0.79 | $-1.59 | ||
| Q3 24 | $0.67 | $-0.32 | ||
| Q2 24 | $0.77 | $-0.02 |
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 | $29.5M |
| Total DebtLower is stronger | — | $218.8M |
| Stockholders' EquityBook value | $5.0B | $-12.5M |
| Total Assets | $13.8B | $673.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $29.5M | ||
| Q3 25 | — | $35.4M | ||
| Q2 25 | — | $44.7M | ||
| Q1 25 | — | $41.1M | ||
| Q4 24 | $560.8M | $85.3M | ||
| Q3 24 | $560.8M | $50.1M | ||
| Q2 24 | $560.8M | $58.1M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $218.8M | ||
| Q3 25 | $7.2B | $207.5M | ||
| Q2 25 | $6.9B | $218.4M | ||
| Q1 25 | $6.9B | $215.5M | ||
| Q4 24 | $7.7B | $267.4M | ||
| Q3 24 | $7.4B | $249.0M | ||
| Q2 24 | $6.6B | $247.7M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $-12.5M | ||
| Q3 25 | $4.6B | $-6.9M | ||
| Q2 25 | $4.6B | $-4.7M | ||
| Q1 25 | $4.2B | $26.9M | ||
| Q4 24 | $4.3B | $36.7M | ||
| Q3 24 | $4.3B | $83.3M | ||
| Q2 24 | $4.1B | $93.4M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $673.6M | ||
| Q3 25 | $12.8B | $699.4M | ||
| Q2 25 | $12.5B | $712.3M | ||
| Q1 25 | $12.1B | $738.9M | ||
| Q4 24 | $13.1B | $755.2M | ||
| Q3 24 | $12.7B | $830.5M | ||
| Q2 24 | $11.8B | $896.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.63× | 8.01× | ||
| Q4 24 | 1.81× | 7.29× | ||
| Q3 24 | 1.74× | 2.99× | ||
| Q2 24 | 1.60× | 2.65× |
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 | — | $400.0K |
| Free Cash FlowOCF − Capex | — | $-200.0K |
| FCF MarginFCF / Revenue | — | -0.1% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $400.0K | ||
| Q3 25 | $240.3M | $11.5M | ||
| Q2 25 | $293.4M | $10.9M | ||
| Q1 25 | $252.5M | $-6.9M | ||
| Q4 24 | $1.1B | $30.8M | ||
| Q3 24 | $270.4M | $39.4M | ||
| Q2 24 | $252.1M | $12.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-200.0K | ||
| Q3 25 | $183.0M | $9.4M | ||
| Q2 25 | $272.3M | $8.5M | ||
| Q1 25 | $239.6M | $-7.4M | ||
| Q4 24 | $1.1B | $30.4M | ||
| Q3 24 | $261.5M | $38.8M | ||
| Q2 24 | $245.0M | $11.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.1% | ||
| Q3 25 | 46.0% | 3.3% | ||
| Q2 25 | 69.0% | 2.8% | ||
| Q1 25 | 60.6% | -3.0% | ||
| Q4 24 | 275.3% | 11.3% | ||
| Q3 24 | 67.9% | 13.2% | ||
| Q2 24 | 64.4% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | 14.4% | 0.7% | ||
| Q2 25 | 5.3% | 0.8% | ||
| Q1 25 | 3.3% | 0.2% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 2.3% | 0.2% | ||
| Q2 24 | 1.9% | 0.1% |
| 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.
RDNW
| Powersports New Vehicles | $133.5M | 52% |
| Parts And Other Revenue | $48.5M | 19% |
| Powersports Pre Owned Vehicles | $45.8M | 18% |
| Finance And Insurance | $24.1M | 9% |
| Vehicle Transportation Services Segment | $800.0K | 0% |
