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

Remitly Global, Inc. is the larger business by last-quarter revenue ($442.2M vs $420.0M, roughly 1.1× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 9.3%, a 47.7% gap on every dollar of revenue. On growth, Remitly Global, Inc. posted the faster year-over-year revenue change (25.7% vs 6.3%). Over the past eight quarters, Remitly Global, Inc.'s revenue compounded faster (28.2% 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.

Remitly is an American online remittance service based in Seattle, United States that offers international money transfers to over 170 countries. It was founded in 2011 by Matthew Oppenheimer, Josh Hug, and Shivaas Gulati and became publicly traded on the Nasdaq exchange in September 2021.

GLPI vs RELY — Head-to-Head

Bigger by revenue
RELY
RELY
1.1× larger
RELY
$442.2M
$420.0M
GLPI
Growing faster (revenue YoY)
RELY
RELY
+19.4% gap
RELY
25.7%
6.3%
GLPI
Higher net margin
GLPI
GLPI
47.7% more per $
GLPI
57.0%
9.3%
RELY
Faster 2-yr revenue CAGR
RELY
RELY
Annualised
RELY
28.2%
5.0%
GLPI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
RELY
RELY
Revenue
$420.0M
$442.2M
Net Profit
$239.4M
$41.2M
Gross Margin
Operating Margin
79.4%
8.8%
Net Margin
57.0%
9.3%
Revenue YoY
6.3%
25.7%
Net Profit YoY
40.5%
820.1%
EPS (diluted)
$0.19

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
RELY
RELY
Q1 26
$420.0M
Q4 25
$407.0M
$442.2M
Q3 25
$397.6M
$419.5M
Q2 25
$394.9M
$411.9M
Q1 25
$395.2M
$361.6M
Q4 24
$389.6M
$351.9M
Q3 24
$385.3M
$336.5M
Q2 24
$380.6M
$306.4M
Net Profit
GLPI
GLPI
RELY
RELY
Q1 26
$239.4M
Q4 25
$275.4M
$41.2M
Q3 25
$241.2M
$8.8M
Q2 25
$151.4M
$6.5M
Q1 25
$165.2M
$11.4M
Q4 24
$223.6M
$-5.7M
Q3 24
$184.7M
$1.9M
Q2 24
$208.3M
$-12.1M
Operating Margin
GLPI
GLPI
RELY
RELY
Q1 26
79.4%
Q4 25
89.3%
8.8%
Q3 25
84.8%
2.8%
Q2 25
61.3%
3.6%
Q1 25
65.5%
3.4%
Q4 24
79.1%
-1.1%
Q3 24
70.4%
0.1%
Q2 24
77.1%
-5.1%
Net Margin
GLPI
GLPI
RELY
RELY
Q1 26
57.0%
Q4 25
67.6%
9.3%
Q3 25
60.7%
2.1%
Q2 25
38.4%
1.6%
Q1 25
41.8%
3.1%
Q4 24
57.4%
-1.6%
Q3 24
47.9%
0.6%
Q2 24
54.7%
-3.9%
EPS (diluted)
GLPI
GLPI
RELY
RELY
Q1 26
Q4 25
$0.96
$0.19
Q3 25
$0.85
$0.04
Q2 25
$0.54
$0.03
Q1 25
$0.60
$0.05
Q4 24
$0.79
$-0.03
Q3 24
$0.67
$0.01
Q2 24
$0.77
$-0.06

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
RELY
RELY
Cash + ST InvestmentsLiquidity on hand
$274.5M
$542.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$868.8M
Total Assets
$13.8B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
RELY
RELY
Q1 26
$274.5M
Q4 25
$542.4M
Q3 25
$476.9M
Q2 25
$515.9M
Q1 25
$493.9M
Q4 24
$560.8M
$368.1M
Q3 24
$560.8M
$324.4M
Q2 24
$560.8M
$185.2M
Total Debt
GLPI
GLPI
RELY
RELY
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
RELY
RELY
Q1 26
$5.0B
Q4 25
$4.6B
$868.8M
Q3 25
$4.6B
$797.2M
Q2 25
$4.6B
$764.9M
Q1 25
$4.2B
$723.5M
Q4 24
$4.3B
$665.5M
Q3 24
$4.3B
$630.8M
Q2 24
$4.1B
$578.9M
Total Assets
GLPI
GLPI
RELY
RELY
Q1 26
$13.8B
Q4 25
$12.9B
$1.5B
Q3 25
$12.8B
$1.2B
Q2 25
$12.5B
$1.2B
Q1 25
$12.1B
$1.1B
Q4 24
$13.1B
$1.0B
Q3 24
$12.7B
$970.4M
Q2 24
$11.8B
$950.2M
Debt / Equity
GLPI
GLPI
RELY
RELY
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
RELY
RELY
Operating Cash FlowLast quarter
$149.6M
Free Cash FlowOCF − Capex
$143.3M
FCF MarginFCF / Revenue
32.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
3.63×
TTM Free Cash FlowTrailing 4 quarters
$288.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
RELY
RELY
Q1 26
Q4 25
$1.1B
$149.6M
Q3 25
$240.3M
$1.4M
Q2 25
$293.4M
$41.2M
Q1 25
$252.5M
$132.9M
Q4 24
$1.1B
$-27.3M
Q3 24
$270.4M
$146.8M
Q2 24
$252.1M
$48.9M
Free Cash Flow
GLPI
GLPI
RELY
RELY
Q1 26
Q4 25
$143.3M
Q3 25
$183.0M
$-2.1M
Q2 25
$272.3M
$28.6M
Q1 25
$239.6M
$118.9M
Q4 24
$1.1B
$-30.1M
Q3 24
$261.5M
$145.6M
Q2 24
$245.0M
$47.8M
FCF Margin
GLPI
GLPI
RELY
RELY
Q1 26
Q4 25
32.4%
Q3 25
46.0%
-0.5%
Q2 25
69.0%
6.9%
Q1 25
60.6%
32.9%
Q4 24
275.3%
-8.5%
Q3 24
67.9%
43.3%
Q2 24
64.4%
15.6%
Capex Intensity
GLPI
GLPI
RELY
RELY
Q1 26
Q4 25
1.4%
Q3 25
14.4%
0.8%
Q2 25
5.3%
3.1%
Q1 25
3.3%
3.9%
Q4 24
0.0%
0.8%
Q3 24
2.3%
0.3%
Q2 24
1.9%
0.4%
Cash Conversion
GLPI
GLPI
RELY
RELY
Q1 26
Q4 25
4.10×
3.63×
Q3 25
1.00×
0.16×
Q2 25
1.94×
6.30×
Q1 25
1.53×
11.71×
Q4 24
4.80×
Q3 24
1.46×
76.56×
Q2 24
1.21×

Financial Flow Comparison

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

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