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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and TENNANT CO (TNC). 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 $291.6M, roughly 1.4× TENNANT CO). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -1.5%, a 58.5% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -11.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -3.2%).

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.

The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.

GLPI vs TNC — Head-to-Head

Bigger by revenue
GLPI
GLPI
1.4× larger
GLPI
$420.0M
$291.6M
TNC
Growing faster (revenue YoY)
GLPI
GLPI
+17.6% gap
GLPI
6.3%
-11.3%
TNC
Higher net margin
GLPI
GLPI
58.5% more per $
GLPI
57.0%
-1.5%
TNC
Faster 2-yr revenue CAGR
GLPI
GLPI
Annualised
GLPI
5.0%
-3.2%
TNC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GLPI
GLPI
TNC
TNC
Revenue
$420.0M
$291.6M
Net Profit
$239.4M
$-4.4M
Gross Margin
34.6%
Operating Margin
79.4%
-1.4%
Net Margin
57.0%
-1.5%
Revenue YoY
6.3%
-11.3%
Net Profit YoY
40.5%
-166.7%
EPS (diluted)
$-0.21

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
TNC
TNC
Q1 26
$420.0M
Q4 25
$407.0M
$291.6M
Q3 25
$397.6M
$303.3M
Q2 25
$394.9M
$318.6M
Q1 25
$395.2M
$290.0M
Q4 24
$389.6M
$328.9M
Q3 24
$385.3M
$315.8M
Q2 24
$380.6M
$331.0M
Net Profit
GLPI
GLPI
TNC
TNC
Q1 26
$239.4M
Q4 25
$275.4M
$-4.4M
Q3 25
$241.2M
$14.9M
Q2 25
$151.4M
$20.2M
Q1 25
$165.2M
$13.1M
Q4 24
$223.6M
$6.6M
Q3 24
$184.7M
$20.8M
Q2 24
$208.3M
$27.9M
Gross Margin
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
34.6%
Q3 25
42.7%
Q2 25
42.1%
Q1 25
41.4%
Q4 24
41.3%
Q3 24
42.4%
Q2 24
43.1%
Operating Margin
GLPI
GLPI
TNC
TNC
Q1 26
79.4%
Q4 25
89.3%
-1.4%
Q3 25
84.8%
7.4%
Q2 25
61.3%
9.6%
Q1 25
65.5%
6.8%
Q4 24
79.1%
2.3%
Q3 24
70.4%
9.7%
Q2 24
77.1%
11.7%
Net Margin
GLPI
GLPI
TNC
TNC
Q1 26
57.0%
Q4 25
67.6%
-1.5%
Q3 25
60.7%
4.9%
Q2 25
38.4%
6.3%
Q1 25
41.8%
4.5%
Q4 24
57.4%
2.0%
Q3 24
47.9%
6.6%
Q2 24
54.7%
8.4%
EPS (diluted)
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
$0.96
$-0.21
Q3 25
$0.85
$0.80
Q2 25
$0.54
$1.08
Q1 25
$0.60
$0.69
Q4 24
$0.79
$0.35
Q3 24
$0.67
$1.09
Q2 24
$0.77
$1.45

Balance Sheet & Financial Strength

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

Metric
GLPI
GLPI
TNC
TNC
Cash + ST InvestmentsLiquidity on hand
$274.5M
Total DebtLower is stronger
$273.2M
Stockholders' EquityBook value
$5.0B
$601.6M
Total Assets
$13.8B
$1.3B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLPI
GLPI
TNC
TNC
Q1 26
$274.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$560.8M
Q3 24
$560.8M
Q2 24
$560.8M
Total Debt
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
$7.2B
$273.2M
Q3 25
$7.2B
$238.3M
Q2 25
$6.9B
$213.4M
Q1 25
$6.9B
$213.3M
Q4 24
$7.7B
$198.2M
Q3 24
$7.4B
$208.6M
Q2 24
$6.6B
$205.6M
Stockholders' Equity
GLPI
GLPI
TNC
TNC
Q1 26
$5.0B
Q4 25
$4.6B
$601.6M
Q3 25
$4.6B
$640.9M
Q2 25
$4.6B
$651.9M
Q1 25
$4.2B
$624.4M
Q4 24
$4.3B
$620.8M
Q3 24
$4.3B
$647.2M
Q2 24
$4.1B
$624.6M
Total Assets
GLPI
GLPI
TNC
TNC
Q1 26
$13.8B
Q4 25
$12.9B
$1.3B
Q3 25
$12.8B
$1.3B
Q2 25
$12.5B
$1.2B
Q1 25
$12.1B
$1.2B
Q4 24
$13.1B
$1.2B
Q3 24
$12.7B
$1.2B
Q2 24
$11.8B
$1.2B
Debt / Equity
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
1.56×
0.45×
Q3 25
1.57×
0.37×
Q2 25
1.51×
0.33×
Q1 25
1.63×
0.34×
Q4 24
1.81×
0.32×
Q3 24
1.74×
0.32×
Q2 24
1.60×
0.33×

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
TNC
TNC
Operating Cash FlowLast quarter
$14.2M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
3.3%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
$1.1B
$14.2M
Q3 25
$240.3M
$28.7M
Q2 25
$293.4M
$22.5M
Q1 25
$252.5M
$-400.0K
Q4 24
$1.1B
$37.5M
Q3 24
$270.4M
$30.7M
Q2 24
$252.1M
$18.6M
Free Cash Flow
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
$9.7M
Q3 25
$183.0M
$22.3M
Q2 25
$272.3M
$18.7M
Q1 25
$239.6M
$-7.4M
Q4 24
$1.1B
$28.1M
Q3 24
$261.5M
$26.4M
Q2 24
$245.0M
$14.4M
FCF Margin
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
3.3%
Q3 25
46.0%
7.4%
Q2 25
69.0%
5.9%
Q1 25
60.6%
-2.6%
Q4 24
275.3%
8.5%
Q3 24
67.9%
8.4%
Q2 24
64.4%
4.4%
Capex Intensity
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
1.5%
Q3 25
14.4%
2.1%
Q2 25
5.3%
1.2%
Q1 25
3.3%
2.4%
Q4 24
0.0%
2.9%
Q3 24
2.3%
1.4%
Q2 24
1.9%
1.3%
Cash Conversion
GLPI
GLPI
TNC
TNC
Q1 26
Q4 25
4.10×
Q3 25
1.00×
1.93×
Q2 25
1.94×
1.11×
Q1 25
1.53×
-0.03×
Q4 24
4.80×
5.68×
Q3 24
1.46×
1.48×
Q2 24
1.21×
0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLPI
GLPI

Segment breakdown not available.

TNC
TNC

Equipment Sales$165.5M57%
Parts And Consumables$69.1M24%
Service And Other$57.0M20%

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