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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and T1 Energy Inc. (TE). 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 $210.5M, roughly 2.0× T1 Energy Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -62.0%, a 119.0% 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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
GLPI vs TE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $210.5M |
| Net Profit | $239.4M | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | 79.4% | -45.0% |
| Net Margin | 57.0% | -62.0% |
| Revenue YoY | 6.3% | — |
| Net Profit YoY | 40.5% | -375.2% |
| EPS (diluted) | — | $-0.87 |
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 | — | ||
| Q3 25 | $397.6M | $210.5M | ||
| Q2 25 | $394.9M | $132.8M | ||
| Q1 25 | $395.2M | $53.5M | ||
| Q4 24 | $389.6M | — | ||
| Q3 24 | $385.3M | $0 | ||
| Q2 24 | $380.6M | $0 |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | — | ||
| Q3 25 | $241.2M | $-130.6M | ||
| Q2 25 | $151.4M | $-31.9M | ||
| Q1 25 | $165.2M | $-16.2M | ||
| Q4 24 | $223.6M | — | ||
| Q3 24 | $184.7M | $-27.5M | ||
| Q2 24 | $208.3M | $-27.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | — | ||
| Q3 25 | 84.8% | -45.0% | ||
| Q2 25 | 61.3% | -22.0% | ||
| Q1 25 | 65.5% | -44.2% | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.4% | — | ||
| Q2 24 | 77.1% | — |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | — | ||
| Q3 25 | 60.7% | -62.0% | ||
| Q2 25 | 38.4% | -24.0% | ||
| Q1 25 | 41.8% | -30.4% | ||
| Q4 24 | 57.4% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 54.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | — | ||
| Q3 25 | $0.85 | $-0.87 | ||
| Q2 25 | $0.54 | $-0.21 | ||
| Q1 25 | $0.60 | $-0.11 | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.67 | $-0.20 | ||
| Q2 24 | $0.77 | $-0.19 |
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 | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $5.0B | $96.9M |
| Total Assets | $13.8B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $34.1M | ||
| Q2 25 | — | $8.5M | ||
| Q1 25 | — | $48.9M | ||
| Q4 24 | $560.8M | — | ||
| Q3 24 | $560.8M | $181.9M | ||
| Q2 24 | $560.8M | $219.6M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | $547.3M | ||
| Q2 25 | $6.9B | $591.2M | ||
| Q1 25 | $6.9B | $603.2M | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.6B | $96.9M | ||
| Q2 25 | $4.6B | $183.9M | ||
| Q1 25 | $4.2B | $201.9M | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | $538.7M | ||
| Q2 24 | $4.1B | $561.6M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | — | ||
| Q3 25 | $12.8B | $1.4B | ||
| Q2 25 | $12.5B | $1.4B | ||
| Q1 25 | $12.1B | $1.4B | ||
| Q4 24 | $13.1B | — | ||
| Q3 24 | $12.7B | $615.0M | ||
| Q2 24 | $11.8B | $644.4M |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.57× | 5.65× | ||
| Q2 25 | 1.51× | 3.21× | ||
| Q1 25 | 1.63× | 2.99× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $63.9M |
| Free Cash FlowOCF − Capex | — | $55.0M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $240.3M | $63.9M | ||
| Q2 25 | $293.4M | $33.4M | ||
| Q1 25 | $252.5M | $-44.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $270.4M | $-28.4M | ||
| Q2 24 | $252.1M | $-28.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | $55.0M | ||
| Q2 25 | $272.3M | $10.6M | ||
| Q1 25 | $239.6M | $-74.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $261.5M | $-34.0M | ||
| Q2 24 | $245.0M | $-35.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | 26.1% | ||
| Q2 25 | 69.0% | 8.0% | ||
| Q1 25 | 60.6% | -138.4% | ||
| Q4 24 | 275.3% | — | ||
| Q3 24 | 67.9% | — | ||
| Q2 24 | 64.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | 4.2% | ||
| Q2 25 | 5.3% | 17.2% | ||
| Q1 25 | 3.3% | 54.5% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.9% | — |
| 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
Segment breakdown not available.
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
