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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and Bristow Group Inc. (VTOL). 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 $377.3M, roughly 1.1× Bristow Group Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 4.9%, a 52.1% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 6.3%). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% 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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
GLPI vs VTOL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $377.3M |
| Net Profit | $239.4M | $18.4M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 8.5% |
| Net Margin | 57.0% | 4.9% |
| Revenue YoY | 6.3% | 6.7% |
| Net Profit YoY | 40.5% | -42.1% |
| EPS (diluted) | — | $0.61 |
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 | $377.3M | ||
| Q3 25 | $397.6M | $386.3M | ||
| Q2 25 | $394.9M | $376.4M | ||
| Q1 25 | $395.2M | $350.5M | ||
| Q4 24 | $389.6M | $353.5M | ||
| Q3 24 | $385.3M | $365.1M | ||
| Q2 24 | $380.6M | $359.7M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $18.4M | ||
| Q3 25 | $241.2M | $51.5M | ||
| Q2 25 | $151.4M | $31.7M | ||
| Q1 25 | $165.2M | $27.4M | ||
| Q4 24 | $223.6M | $31.8M | ||
| Q3 24 | $184.7M | $28.2M | ||
| Q2 24 | $208.3M | $28.2M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 8.5% | ||
| Q3 25 | 84.8% | 13.1% | ||
| Q2 25 | 61.3% | 11.3% | ||
| Q1 25 | 65.5% | 9.6% | ||
| Q4 24 | 79.1% | 9.0% | ||
| Q3 24 | 70.4% | 9.1% | ||
| Q2 24 | 77.1% | 12.4% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 4.9% | ||
| Q3 25 | 60.7% | 13.3% | ||
| Q2 25 | 38.4% | 8.4% | ||
| Q1 25 | 41.8% | 7.8% | ||
| Q4 24 | 57.4% | 9.0% | ||
| Q3 24 | 47.9% | 7.7% | ||
| Q2 24 | 54.7% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.61 | ||
| Q3 25 | $0.85 | $1.72 | ||
| Q2 25 | $0.54 | $1.07 | ||
| Q1 25 | $0.60 | $0.92 | ||
| Q4 24 | $0.79 | $1.07 | ||
| Q3 24 | $0.67 | $0.95 | ||
| Q2 24 | $0.77 | $0.96 |
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 | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $5.0B | $1.1B |
| Total Assets | $13.8B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $286.2M | ||
| Q3 25 | — | $245.5M | ||
| Q2 25 | — | $251.8M | ||
| Q1 25 | — | $191.1M | ||
| Q4 24 | $560.8M | $247.5M | ||
| Q3 24 | $560.8M | $200.3M | ||
| Q2 24 | $560.8M | $178.6M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $671.5M | ||
| Q3 25 | $7.2B | $675.0M | ||
| Q2 25 | $6.9B | $705.2M | ||
| Q1 25 | $6.9B | $701.9M | ||
| Q4 24 | $7.7B | $689.8M | ||
| Q3 24 | $7.4B | $629.1M | ||
| Q2 24 | $6.6B | $594.2M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $1.1B | ||
| Q3 25 | $4.6B | $1.0B | ||
| Q2 25 | $4.6B | $984.4M | ||
| Q1 25 | $4.2B | $931.7M | ||
| Q4 24 | $4.3B | $891.7M | ||
| Q3 24 | $4.3B | $899.2M | ||
| Q2 24 | $4.1B | $849.1M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.3B | ||
| Q3 25 | $12.8B | $2.3B | ||
| Q2 25 | $12.5B | $2.3B | ||
| Q1 25 | $12.1B | $2.2B | ||
| Q4 24 | $13.1B | $2.1B | ||
| Q3 24 | $12.7B | $2.1B | ||
| Q2 24 | $11.8B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.63× | ||
| Q3 25 | 1.57× | 0.65× | ||
| Q2 25 | 1.51× | 0.72× | ||
| Q1 25 | 1.63× | 0.75× | ||
| Q4 24 | 1.81× | 0.77× | ||
| Q3 24 | 1.74× | 0.70× | ||
| Q2 24 | 1.60× | 0.70× |
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 | — | $76.9M |
| Free Cash FlowOCF − Capex | — | $47.8M |
| FCF MarginFCF / Revenue | — | 12.7% |
| Capex IntensityCapex / Revenue | — | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | — | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $76.9M | ||
| Q3 25 | $240.3M | $23.1M | ||
| Q2 25 | $293.4M | $99.0M | ||
| Q1 25 | $252.5M | $-603.0K | ||
| Q4 24 | $1.1B | $51.1M | ||
| Q3 24 | $270.4M | $66.0M | ||
| Q2 24 | $252.1M | $33.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $47.8M | ||
| Q3 25 | $183.0M | $-6.2M | ||
| Q2 25 | $272.3M | $67.4M | ||
| Q1 25 | $239.6M | $-52.7M | ||
| Q4 24 | $1.1B | $-32.4M | ||
| Q3 24 | $261.5M | $9.0M | ||
| Q2 24 | $245.0M | $-16.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 12.7% | ||
| Q3 25 | 46.0% | -1.6% | ||
| Q2 25 | 69.0% | 17.9% | ||
| Q1 25 | 60.6% | -15.0% | ||
| Q4 24 | 275.3% | -9.2% | ||
| Q3 24 | 67.9% | 2.5% | ||
| Q2 24 | 64.4% | -4.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | 14.4% | 7.6% | ||
| Q2 25 | 5.3% | 8.4% | ||
| Q1 25 | 3.3% | 14.9% | ||
| Q4 24 | 0.0% | 23.6% | ||
| Q3 24 | 2.3% | 15.6% | ||
| Q2 24 | 1.9% | 14.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 4.17× | ||
| Q3 25 | 1.00× | 0.45× | ||
| Q2 25 | 1.94× | 3.12× | ||
| Q1 25 | 1.53× | -0.02× | ||
| Q4 24 | 4.80× | 1.61× | ||
| Q3 24 | 1.46× | 2.34× | ||
| Q2 24 | 1.21× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
