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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Tecnoglass Inc. (TGLS). 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 $245.3M, roughly 1.7× Tecnoglass Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 10.6%, a 46.4% 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, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 5.0%).

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.

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

GLPI vs TGLS — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.7× larger
GLPI
$420.0M
$245.3M
TGLS
Growing faster (revenue YoY)
GLPI
GLPI
+3.9% gap
GLPI
6.3%
2.4%
TGLS
Higher net margin
GLPI
GLPI
46.4% more per $
GLPI
57.0%
10.6%
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
5.0%
GLPI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
TGLS
TGLS
Revenue
$420.0M
$245.3M
Net Profit
$239.4M
$26.1M
Gross Margin
40.0%
Operating Margin
79.4%
18.3%
Net Margin
57.0%
10.6%
Revenue YoY
6.3%
2.4%
Net Profit YoY
40.5%
-44.5%
EPS (diluted)
$0.57

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
TGLS
TGLS
Q1 26
$420.0M
Q4 25
$407.0M
$245.3M
Q3 25
$397.6M
$260.5M
Q2 25
$394.9M
$255.5M
Q1 25
$395.2M
$222.3M
Q4 24
$389.6M
$239.6M
Q3 24
$385.3M
$238.3M
Q2 24
$380.6M
$219.7M
Net Profit
GLPI
GLPI
TGLS
TGLS
Q1 26
$239.4M
Q4 25
$275.4M
$26.1M
Q3 25
$241.2M
$47.2M
Q2 25
$151.4M
$44.1M
Q1 25
$165.2M
$42.2M
Q4 24
$223.6M
$47.0M
Q3 24
$184.7M
$49.5M
Q2 24
$208.3M
$35.0M
Gross Margin
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
40.0%
Q3 25
42.7%
Q2 25
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Operating Margin
GLPI
GLPI
TGLS
TGLS
Q1 26
79.4%
Q4 25
89.3%
18.3%
Q3 25
84.8%
25.1%
Q2 25
61.3%
24.0%
Q1 25
65.5%
26.7%
Q4 24
79.1%
28.0%
Q3 24
70.4%
28.4%
Q2 24
77.1%
23.3%
Net Margin
GLPI
GLPI
TGLS
TGLS
Q1 26
57.0%
Q4 25
67.6%
10.6%
Q3 25
60.7%
18.1%
Q2 25
38.4%
17.3%
Q1 25
41.8%
19.0%
Q4 24
57.4%
19.6%
Q3 24
47.9%
20.8%
Q2 24
54.7%
15.9%
EPS (diluted)
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
$0.96
$0.57
Q3 25
$0.85
$1.01
Q2 25
$0.54
$0.94
Q1 25
$0.60
$0.90
Q4 24
$0.79
$1.00
Q3 24
$0.67
$1.05
Q2 24
$0.77
$0.75

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$274.5M
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$5.0B
$713.1M
Total Assets
$13.8B
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
TGLS
TGLS
Q1 26
$274.5M
Q4 25
$104.1M
Q3 25
$127.1M
Q2 25
$140.9M
Q1 25
$160.2M
Q4 24
$560.8M
$137.5M
Q3 24
$560.8M
$124.8M
Q2 24
$560.8M
$129.5M
Total Debt
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
$7.2B
$174.4M
Q3 25
$7.2B
$114.7M
Q2 25
$6.9B
$110.6M
Q1 25
$6.9B
$110.6M
Q4 24
$7.7B
$111.1M
Q3 24
$7.4B
$126.8M
Q2 24
$6.6B
$144.7M
Stockholders' Equity
GLPI
GLPI
TGLS
TGLS
Q1 26
$5.0B
Q4 25
$4.6B
$713.1M
Q3 25
$4.6B
$764.0M
Q2 25
$4.6B
$736.0M
Q1 25
$4.2B
$685.1M
Q4 24
$4.3B
$631.2M
Q3 24
$4.3B
$613.3M
Q2 24
$4.1B
$574.8M
Total Assets
GLPI
GLPI
TGLS
TGLS
Q1 26
$13.8B
Q4 25
$12.9B
$1.3B
Q3 25
$12.8B
$1.2B
Q2 25
$12.5B
$1.2B
Q1 25
$12.1B
$1.1B
Q4 24
$13.1B
$1.0B
Q3 24
$12.7B
$996.3M
Q2 24
$11.8B
$942.5M
Debt / Equity
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
1.56×
0.24×
Q3 25
1.57×
0.15×
Q2 25
1.51×
0.15×
Q1 25
1.63×
0.16×
Q4 24
1.81×
0.18×
Q3 24
1.74×
0.21×
Q2 24
1.60×
0.25×

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
TGLS
TGLS
Operating Cash FlowLast quarter
$31.0M
Free Cash FlowOCF − Capex
$11.4M
FCF MarginFCF / Revenue
4.7%
Capex IntensityCapex / Revenue
8.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
$1.1B
$31.0M
Q3 25
$240.3M
$40.0M
Q2 25
$293.4M
$17.9M
Q1 25
$252.5M
$46.9M
Q4 24
$1.1B
$61.1M
Q3 24
$270.4M
$41.5M
Q2 24
$252.1M
$34.5M
Free Cash Flow
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
$11.4M
Q3 25
$183.0M
$21.2M
Q2 25
$272.3M
$-14.7M
Q1 25
$239.6M
$16.5M
Q4 24
$1.1B
$35.4M
Q3 24
$261.5M
$17.8M
Q2 24
$245.0M
$14.2M
FCF Margin
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
4.7%
Q3 25
46.0%
8.2%
Q2 25
69.0%
-5.7%
Q1 25
60.6%
7.4%
Q4 24
275.3%
14.8%
Q3 24
67.9%
7.5%
Q2 24
64.4%
6.5%
Capex Intensity
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
8.0%
Q3 25
14.4%
7.2%
Q2 25
5.3%
12.7%
Q1 25
3.3%
13.7%
Q4 24
0.0%
10.7%
Q3 24
2.3%
9.9%
Q2 24
1.9%
9.2%
Cash Conversion
GLPI
GLPI
TGLS
TGLS
Q1 26
Q4 25
4.10×
1.19×
Q3 25
1.00×
0.85×
Q2 25
1.94×
0.41×
Q1 25
1.53×
1.11×
Q4 24
4.80×
1.30×
Q3 24
1.46×
0.84×
Q2 24
1.21×
0.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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