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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and TIDEWATER INC (TDW). 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 $336.8M, roughly 1.2× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs 57.0%, a 8.3% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -2.4%). 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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
GLPI vs TDW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $336.8M |
| Net Profit | $239.4M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 19.0% |
| Net Margin | 57.0% | 65.3% |
| Revenue YoY | 6.3% | -2.4% |
| Net Profit YoY | 40.5% | 495.8% |
| EPS (diluted) | — | $4.37 |
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 | $336.8M | ||
| Q3 25 | $397.6M | $341.1M | ||
| Q2 25 | $394.9M | $341.4M | ||
| Q1 25 | $395.2M | $333.4M | ||
| Q4 24 | $389.6M | $345.1M | ||
| Q3 24 | $385.3M | $340.4M | ||
| Q2 24 | $380.6M | $339.2M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $219.9M | ||
| Q3 25 | $241.2M | $-806.0K | ||
| Q2 25 | $151.4M | $72.9M | ||
| Q1 25 | $165.2M | $42.7M | ||
| Q4 24 | $223.6M | $36.9M | ||
| Q3 24 | $184.7M | $46.4M | ||
| Q2 24 | $208.3M | $50.4M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 19.0% | ||
| Q3 25 | 84.8% | 18.4% | ||
| Q2 25 | 61.3% | 23.7% | ||
| Q1 25 | 65.5% | 22.5% | ||
| Q4 24 | 79.1% | 23.6% | ||
| Q3 24 | 70.4% | 20.6% | ||
| Q2 24 | 77.1% | 23.0% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 65.3% | ||
| Q3 25 | 60.7% | -0.2% | ||
| Q2 25 | 38.4% | 21.4% | ||
| Q1 25 | 41.8% | 12.8% | ||
| Q4 24 | 57.4% | 10.7% | ||
| Q3 24 | 47.9% | 13.6% | ||
| Q2 24 | 54.7% | 14.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $4.37 | ||
| Q3 25 | $0.85 | $-0.02 | ||
| Q2 25 | $0.54 | $1.46 | ||
| Q1 25 | $0.60 | $0.83 | ||
| Q4 24 | $0.79 | $0.70 | ||
| Q3 24 | $0.67 | $0.87 | ||
| Q2 24 | $0.77 | $0.94 |
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 | $578.8M |
| Total DebtLower is stronger | — | $670.1M |
| Stockholders' EquityBook value | $5.0B | $1.4B |
| Total Assets | $13.8B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $578.8M | ||
| Q3 25 | — | $428.2M | ||
| Q2 25 | — | $369.4M | ||
| Q1 25 | — | $341.8M | ||
| Q4 24 | $560.8M | $324.9M | ||
| Q3 24 | $560.8M | $280.8M | ||
| Q2 24 | $560.8M | $315.9M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $670.1M | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | $647.9M | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $1.4B | ||
| Q3 25 | $4.6B | $1.1B | ||
| Q2 25 | $4.6B | $1.1B | ||
| Q1 25 | $4.2B | $1.1B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $4.3B | $1.1B | ||
| Q2 24 | $4.1B | $1.1B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.4B | ||
| Q3 25 | $12.8B | $2.1B | ||
| Q2 25 | $12.5B | $2.1B | ||
| Q1 25 | $12.1B | $2.1B | ||
| Q4 24 | $13.1B | $2.1B | ||
| Q3 24 | $12.7B | $2.0B | ||
| Q2 24 | $11.8B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.49× | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.81× | 0.58× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $153.0M |
| Free Cash FlowOCF − Capex | — | $147.8M |
| FCF MarginFCF / Revenue | — | 43.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $153.0M | ||
| Q3 25 | $240.3M | $54.7M | ||
| Q2 25 | $293.4M | $85.4M | ||
| Q1 25 | $252.5M | $86.0M | ||
| Q4 24 | $1.1B | $100.0M | ||
| Q3 24 | $270.4M | $49.0M | ||
| Q2 24 | $252.1M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $147.8M | ||
| Q3 25 | $183.0M | $49.6M | ||
| Q2 25 | $272.3M | $80.2M | ||
| Q1 25 | $239.6M | $75.7M | ||
| Q4 24 | $1.1B | $95.5M | ||
| Q3 24 | $261.5M | $43.3M | ||
| Q2 24 | $245.0M | $72.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 43.9% | ||
| Q3 25 | 46.0% | 14.5% | ||
| Q2 25 | 69.0% | 23.5% | ||
| Q1 25 | 60.6% | 22.7% | ||
| Q4 24 | 275.3% | 27.7% | ||
| Q3 24 | 67.9% | 12.7% | ||
| Q2 24 | 64.4% | 21.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | 14.4% | 1.5% | ||
| Q2 25 | 5.3% | 1.5% | ||
| Q1 25 | 3.3% | 3.1% | ||
| Q4 24 | 0.0% | 1.3% | ||
| Q3 24 | 2.3% | 1.7% | ||
| Q2 24 | 1.9% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 0.70× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | 1.17× | ||
| Q1 25 | 1.53× | 2.02× | ||
| Q4 24 | 4.80× | 2.71× | ||
| Q3 24 | 1.46× | 1.06× | ||
| Q2 24 | 1.21× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
