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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($836.0M vs $420.0M, roughly 2.0× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 13.0%, a 44.0% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -16.7%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 2.4%).
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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
GLPI vs SBGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $836.0M |
| Net Profit | $239.4M | $109.0M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 9.6% |
| Net Margin | 57.0% | 13.0% |
| Revenue YoY | 6.3% | -16.7% |
| Net Profit YoY | 40.5% | -38.1% |
| EPS (diluted) | — | $1.62 |
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 | $836.0M | ||
| Q3 25 | $397.6M | $773.0M | ||
| Q2 25 | $394.9M | $784.0M | ||
| Q1 25 | $395.2M | $776.0M | ||
| Q4 24 | $389.6M | $1.0B | ||
| Q3 24 | $385.3M | $917.0M | ||
| Q2 24 | $380.6M | $829.0M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $109.0M | ||
| Q3 25 | $241.2M | $-1.0M | ||
| Q2 25 | $151.4M | $-64.0M | ||
| Q1 25 | $165.2M | $-156.0M | ||
| Q4 24 | $223.6M | $176.0M | ||
| Q3 24 | $184.7M | $94.0M | ||
| Q2 24 | $208.3M | $17.0M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 9.6% | ||
| Q3 25 | 84.8% | 7.5% | ||
| Q2 25 | 61.3% | 2.7% | ||
| Q1 25 | 65.5% | 1.8% | ||
| Q4 24 | 79.1% | 26.5% | ||
| Q3 24 | 70.4% | 19.5% | ||
| Q2 24 | 77.1% | 7.7% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 13.0% | ||
| Q3 25 | 60.7% | -0.1% | ||
| Q2 25 | 38.4% | -8.2% | ||
| Q1 25 | 41.8% | -20.1% | ||
| Q4 24 | 57.4% | 17.5% | ||
| Q3 24 | 47.9% | 10.3% | ||
| Q2 24 | 54.7% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $1.62 | ||
| Q3 25 | $0.85 | $-0.02 | ||
| Q2 25 | $0.54 | $-0.91 | ||
| Q1 25 | $0.60 | $-2.30 | ||
| Q4 24 | $0.79 | $2.64 | ||
| Q3 24 | $0.67 | $1.43 | ||
| Q2 24 | $0.77 | $0.27 |
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 | $866.0M |
| Total DebtLower is stronger | — | $4.4B |
| Stockholders' EquityBook value | $5.0B | $443.0M |
| Total Assets | $13.8B | $5.9B |
| Debt / EquityLower = less leverage | — | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $866.0M | ||
| Q3 25 | — | $526.0M | ||
| Q2 25 | — | $616.0M | ||
| Q1 25 | — | $631.0M | ||
| Q4 24 | $560.8M | $697.0M | ||
| Q3 24 | $560.8M | $536.0M | ||
| Q2 24 | $560.8M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $4.4B | ||
| Q3 25 | $7.2B | $4.1B | ||
| Q2 25 | $6.9B | $4.1B | ||
| Q1 25 | $6.9B | $4.2B | ||
| Q4 24 | $7.7B | $4.1B | ||
| Q3 24 | $7.4B | $4.1B | ||
| Q2 24 | $6.6B | $4.1B |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $443.0M | ||
| Q3 25 | $4.6B | $347.0M | ||
| Q2 25 | $4.6B | $361.0M | ||
| Q1 25 | $4.2B | $436.0M | ||
| Q4 24 | $4.3B | $583.0M | ||
| Q3 24 | $4.3B | $415.0M | ||
| Q2 24 | $4.1B | $340.0M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $5.9B | ||
| Q3 25 | $12.8B | $5.6B | ||
| Q2 25 | $12.5B | $5.7B | ||
| Q1 25 | $12.1B | $5.8B | ||
| Q4 24 | $13.1B | $5.9B | ||
| Q3 24 | $12.7B | $5.8B | ||
| Q2 24 | $11.8B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 9.84× | ||
| Q3 25 | 1.57× | 11.75× | ||
| Q2 25 | 1.51× | 11.30× | ||
| Q1 25 | 1.63× | 9.56× | ||
| Q4 24 | 1.81× | 7.02× | ||
| Q3 24 | 1.74× | 9.86× | ||
| Q2 24 | 1.60× | 12.08× |
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 | — | $98.0M |
| Free Cash FlowOCF − Capex | — | $79.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $98.0M | ||
| Q3 25 | $240.3M | $-36.0M | ||
| Q2 25 | $293.4M | $122.0M | ||
| Q1 25 | $252.5M | $5.0M | ||
| Q4 24 | $1.1B | $198.0M | ||
| Q3 24 | $270.4M | $210.0M | ||
| Q2 24 | $252.1M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $79.0M | ||
| Q3 25 | $183.0M | $-58.0M | ||
| Q2 25 | $272.3M | $105.0M | ||
| Q1 25 | $239.6M | $-11.0M | ||
| Q4 24 | $1.1B | $175.0M | ||
| Q3 24 | $261.5M | $193.0M | ||
| Q2 24 | $245.0M | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | 46.0% | -7.5% | ||
| Q2 25 | 69.0% | 13.4% | ||
| Q1 25 | 60.6% | -1.4% | ||
| Q4 24 | 275.3% | 17.4% | ||
| Q3 24 | 67.9% | 21.0% | ||
| Q2 24 | 64.4% | -39.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 14.4% | 2.8% | ||
| Q2 25 | 5.3% | 2.2% | ||
| Q1 25 | 3.3% | 2.1% | ||
| Q4 24 | 0.0% | 2.3% | ||
| Q3 24 | 2.3% | 1.9% | ||
| Q2 24 | 1.9% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 0.90× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | — | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 4.80× | 1.13× | ||
| Q3 24 | 1.46× | 2.23× | ||
| Q2 24 | 1.21× | -18.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
