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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and SailPoint, Inc. (SAIL). 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 $281.9M, roughly 1.5× SailPoint, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -12.8%, a 69.8% gap on every dollar of revenue. On growth, SailPoint, Inc. posted the faster year-over-year revenue change (6.7% vs 6.3%).

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.

Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi designated as Maharatna CPSE. It is the largest government-owned steel producer, with an annual production of 18.29 million metric tons. Incorporated on 24 January 1973, SAIL has 51,351 employees and is under the administrative control of the Ministry of Steel.

GLPI vs SAIL — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.5× larger
GLPI
$420.0M
$281.9M
SAIL
Growing faster (revenue YoY)
SAIL
SAIL
+0.4% gap
SAIL
6.7%
6.3%
GLPI
Higher net margin
GLPI
GLPI
69.8% more per $
GLPI
57.0%
-12.8%
SAIL

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
GLPI
GLPI
SAIL
SAIL
Revenue
$420.0M
$281.9M
Net Profit
$239.4M
$-36.0M
Gross Margin
66.3%
Operating Margin
79.4%
-14.8%
Net Margin
57.0%
-12.8%
Revenue YoY
6.3%
6.7%
Net Profit YoY
40.5%
-240.9%
EPS (diluted)
$-0.06

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
SAIL
SAIL
Q1 26
$420.0M
Q4 25
$407.0M
$281.9M
Q3 25
$397.6M
$264.4M
Q2 25
$394.9M
$230.5M
Q1 25
$395.2M
$240.1M
Q4 24
$389.6M
Q3 24
$385.3M
$198.6M
Q2 24
$380.6M
$187.7M
Net Profit
GLPI
GLPI
SAIL
SAIL
Q1 26
$239.4M
Q4 25
$275.4M
$-36.0M
Q3 25
$241.2M
$-10.6M
Q2 25
$151.4M
$-187.3M
Q1 25
$165.2M
$-80.1M
Q4 24
$223.6M
Q3 24
$184.7M
$-87.1M
Q2 24
$208.3M
$-89.2M
Gross Margin
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
66.3%
Q3 25
67.3%
Q2 25
55.4%
Q1 25
66.5%
Q4 24
Q3 24
62.1%
Q2 24
61.5%
Operating Margin
GLPI
GLPI
SAIL
SAIL
Q1 26
79.4%
Q4 25
89.3%
-14.8%
Q3 25
84.8%
-15.4%
Q2 25
61.3%
-80.3%
Q1 25
65.5%
-12.6%
Q4 24
79.1%
Q3 24
70.4%
-33.2%
Q2 24
77.1%
-36.3%
Net Margin
GLPI
GLPI
SAIL
SAIL
Q1 26
57.0%
Q4 25
67.6%
-12.8%
Q3 25
60.7%
-4.0%
Q2 25
38.4%
-81.3%
Q1 25
41.8%
-33.4%
Q4 24
57.4%
Q3 24
47.9%
-43.9%
Q2 24
54.7%
-47.5%
EPS (diluted)
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
$0.96
$-0.06
Q3 25
$0.85
$-0.02
Q2 25
$0.54
$-0.42
Q1 25
$0.60
$-6.50
Q4 24
$0.79
Q3 24
$0.67
$-2.97
Q2 24
$0.77
$-0.77

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
SAIL
SAIL
Cash + ST InvestmentsLiquidity on hand
$274.5M
$298.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$5.0B
$6.8B
Total Assets
$13.8B
$7.5B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
SAIL
SAIL
Q1 26
$274.5M
Q4 25
$298.1M
Q3 25
$271.1M
Q2 25
$228.1M
Q1 25
$121.3M
Q4 24
$560.8M
Q3 24
$560.8M
$89.7M
Q2 24
$560.8M
$146.8M
Total Debt
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
$7.2B
$0
Q3 25
$7.2B
$0
Q2 25
$6.9B
$0
Q1 25
$6.9B
$1.0B
Q4 24
$7.7B
Q3 24
$7.4B
Q2 24
$6.6B
Stockholders' Equity
GLPI
GLPI
SAIL
SAIL
Q1 26
$5.0B
Q4 25
$4.6B
$6.8B
Q3 25
$4.6B
$6.8B
Q2 25
$4.6B
$6.8B
Q1 25
$4.2B
$-5.6B
Q4 24
$4.3B
Q3 24
$4.3B
$-701.3M
Q2 24
$4.1B
$-622.5M
Total Assets
GLPI
GLPI
SAIL
SAIL
Q1 26
$13.8B
Q4 25
$12.9B
$7.5B
Q3 25
$12.8B
$7.4B
Q2 25
$12.5B
$7.4B
Q1 25
$12.1B
$7.4B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$11.8B
Debt / Equity
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
1.56×
0.00×
Q3 25
1.57×
0.00×
Q2 25
1.51×
0.00×
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
SAIL
SAIL
Operating Cash FlowLast quarter
$53.6M
Free Cash FlowOCF − Capex
$52.5M
FCF MarginFCF / Revenue
18.6%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
$1.1B
$53.6M
Q3 25
$240.3M
$49.9M
Q2 25
$293.4M
$-96.8M
Q1 25
$252.5M
Q4 24
$1.1B
Q3 24
$270.4M
Q2 24
$252.1M
$-55.4M
Free Cash Flow
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
$52.5M
Q3 25
$183.0M
$49.0M
Q2 25
$272.3M
$-99.0M
Q1 25
$239.6M
Q4 24
$1.1B
Q3 24
$261.5M
Q2 24
$245.0M
$-56.0M
FCF Margin
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
18.6%
Q3 25
46.0%
18.5%
Q2 25
69.0%
-43.0%
Q1 25
60.6%
Q4 24
275.3%
Q3 24
67.9%
Q2 24
64.4%
-29.8%
Capex Intensity
GLPI
GLPI
SAIL
SAIL
Q1 26
Q4 25
0.4%
Q3 25
14.4%
0.4%
Q2 25
5.3%
1.0%
Q1 25
3.3%
Q4 24
0.0%
Q3 24
2.3%
Q2 24
1.9%
0.3%
Cash Conversion
GLPI
GLPI
SAIL
SAIL
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
GLPI

Segment breakdown not available.

SAIL
SAIL

Software As A Service Saa S$156.0M55%
Term Subscriptions Services$65.1M23%
Maintenance$38.0M13%
Other$15.7M6%
Other Subscription Services$7.1M3%

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