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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Trip.com Group Ltd (TCOM). 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 $304.6M, roughly 1.4× Trip.com Group Ltd). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 27.8%, a 29.2% gap on every dollar of revenue.

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.

Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world.

GLPI vs TCOM — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.4× larger
GLPI
$420.0M
$304.6M
TCOM
Higher net margin
GLPI
GLPI
29.2% more per $
GLPI
57.0%
27.8%
TCOM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
TCOM
TCOM
Revenue
$420.0M
$304.6M
Net Profit
$239.4M
$84.6M
Gross Margin
78.8%
Operating Margin
79.4%
16.5%
Net Margin
57.0%
27.8%
Revenue YoY
6.3%
Net Profit YoY
40.5%
EPS (diluted)
$0.12

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
TCOM
TCOM
Q1 26
$420.0M
Q4 25
$407.0M
$304.6M
Q3 25
$397.6M
Q2 25
$394.9M
Q1 25
$395.2M
Q4 24
$389.6M
Q3 24
$385.3M
Q2 24
$380.6M
$242.7M
Net Profit
GLPI
GLPI
TCOM
TCOM
Q1 26
$239.4M
Q4 25
$275.4M
$84.6M
Q3 25
$241.2M
Q2 25
$151.4M
Q1 25
$165.2M
Q4 24
$223.6M
Q3 24
$184.7M
Q2 24
$208.3M
$73.8M
Gross Margin
GLPI
GLPI
TCOM
TCOM
Q1 26
Q4 25
78.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
81.8%
Operating Margin
GLPI
GLPI
TCOM
TCOM
Q1 26
79.4%
Q4 25
89.3%
16.5%
Q3 25
84.8%
Q2 25
61.3%
Q1 25
65.5%
Q4 24
79.1%
Q3 24
70.4%
Q2 24
77.1%
27.8%
Net Margin
GLPI
GLPI
TCOM
TCOM
Q1 26
57.0%
Q4 25
67.6%
27.8%
Q3 25
60.7%
Q2 25
38.4%
Q1 25
41.8%
Q4 24
57.4%
Q3 24
47.9%
Q2 24
54.7%
30.4%
EPS (diluted)
GLPI
GLPI
TCOM
TCOM
Q1 26
Q4 25
$0.96
$0.12
Q3 25
$0.85
Q2 25
$0.54
Q1 25
$0.60
Q4 24
$0.79
Q3 24
$0.67
Q2 24
$0.77
$0.11

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
TCOM
TCOM
Cash + ST InvestmentsLiquidity on hand
$274.5M
$10.8B
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$5.0B
$23.8B
Total Assets
$13.8B
$36.9B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
TCOM
TCOM
Q1 26
$274.5M
Q4 25
$10.8B
Q3 25
Q2 25
Q1 25
Q4 24
$560.8M
Q3 24
$560.8M
Q2 24
$560.8M
$12.4B
Total Debt
GLPI
GLPI
TCOM
TCOM
Q1 26
Q4 25
$7.2B
$4.2B
Q3 25
$7.2B
Q2 25
$6.9B
Q1 25
$6.9B
Q4 24
$7.7B
Q3 24
$7.4B
Q2 24
$6.6B
$8.2B
Stockholders' Equity
GLPI
GLPI
TCOM
TCOM
Q1 26
$5.0B
Q4 25
$4.6B
$23.8B
Q3 25
$4.6B
Q2 25
$4.6B
Q1 25
$4.2B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.1B
$18.1B
Total Assets
GLPI
GLPI
TCOM
TCOM
Q1 26
$13.8B
Q4 25
$12.9B
$36.9B
Q3 25
$12.8B
Q2 25
$12.5B
Q1 25
$12.1B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$11.8B
$34.2B
Debt / Equity
GLPI
GLPI
TCOM
TCOM
Q1 26
Q4 25
1.56×
0.18×
Q3 25
1.57×
Q2 25
1.51×
Q1 25
1.63×
Q4 24
1.81×
Q3 24
1.74×
Q2 24
1.60×
0.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

TCOM
TCOM

Others$273.0M90%
Other$31.6M10%

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