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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and WYNDHAM HOTELS & RESORTS, INC. (WH). 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 $334.0M, roughly 1.3× WYNDHAM HOTELS & RESORTS, INC.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs -18.0%, a 75.0% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs -76.3%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
GLPI vs WH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $334.0M |
| Net Profit | $239.4M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | — |
| Net Margin | 57.0% | -18.0% |
| Revenue YoY | 6.3% | -76.3% |
| Net Profit YoY | 40.5% | -170.6% |
| EPS (diluted) | — | $-0.80 |
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 | $334.0M | ||
| Q4 25 | $407.0M | $334.0M | ||
| Q3 25 | $397.6M | $382.0M | ||
| Q2 25 | $394.9M | $397.0M | ||
| Q1 25 | $395.2M | $316.0M | ||
| Q4 24 | $389.6M | $336.0M | ||
| Q3 24 | $385.3M | $396.0M | ||
| Q2 24 | $380.6M | $367.0M |
| Q1 26 | $239.4M | $-60.0M | ||
| Q4 25 | $275.4M | $-60.0M | ||
| Q3 25 | $241.2M | $105.0M | ||
| Q2 25 | $151.4M | $87.0M | ||
| Q1 25 | $165.2M | $61.0M | ||
| Q4 24 | $223.6M | $85.0M | ||
| Q3 24 | $184.7M | $102.0M | ||
| Q2 24 | $208.3M | $86.0M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | -11.4% | ||
| Q3 25 | 84.8% | 46.6% | ||
| Q2 25 | 61.3% | 37.8% | ||
| Q1 25 | 65.5% | 35.4% | ||
| Q4 24 | 79.1% | 38.4% | ||
| Q3 24 | 70.4% | 43.2% | ||
| Q2 24 | 77.1% | 39.5% |
| Q1 26 | 57.0% | -18.0% | ||
| Q4 25 | 67.6% | -18.0% | ||
| Q3 25 | 60.7% | 27.5% | ||
| Q2 25 | 38.4% | 21.9% | ||
| Q1 25 | 41.8% | 19.3% | ||
| Q4 24 | 57.4% | 25.3% | ||
| Q3 24 | 47.9% | 25.8% | ||
| Q2 24 | 54.7% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.96 | $-0.77 | ||
| Q3 25 | $0.85 | $1.36 | ||
| Q2 25 | $0.54 | $1.13 | ||
| Q1 25 | $0.60 | $0.78 | ||
| Q4 24 | $0.79 | $1.06 | ||
| Q3 24 | $0.67 | $1.29 | ||
| Q2 24 | $0.77 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $468.0M |
| Total Assets | $13.8B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | $64.0M | ||
| Q4 25 | — | $64.0M | ||
| Q3 25 | — | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | $560.8M | $103.0M | ||
| Q3 24 | $560.8M | $72.0M | ||
| Q2 24 | $560.8M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $2.5B | ||
| Q3 25 | $7.2B | $2.6B | ||
| Q2 25 | $6.9B | $2.5B | ||
| Q1 25 | $6.9B | $2.5B | ||
| Q4 24 | $7.7B | $2.4B | ||
| Q3 24 | $7.4B | $2.4B | ||
| Q2 24 | $6.6B | $2.4B |
| Q1 26 | $5.0B | $468.0M | ||
| Q4 25 | $4.6B | $468.0M | ||
| Q3 25 | $4.6B | $583.0M | ||
| Q2 25 | $4.6B | $570.0M | ||
| Q1 25 | $4.2B | $579.0M | ||
| Q4 24 | $4.3B | $650.0M | ||
| Q3 24 | $4.3B | $583.0M | ||
| Q2 24 | $4.1B | $623.0M |
| Q1 26 | $13.8B | $4.2B | ||
| Q4 25 | $12.9B | $4.2B | ||
| Q3 25 | $12.8B | $4.3B | ||
| Q2 25 | $12.5B | $4.3B | ||
| Q1 25 | $12.1B | $4.2B | ||
| Q4 24 | $13.1B | $4.2B | ||
| Q3 24 | $12.7B | $4.2B | ||
| Q2 24 | $11.8B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 5.37× | ||
| Q3 25 | 1.57× | 4.43× | ||
| Q2 25 | 1.51× | 4.44× | ||
| Q1 25 | 1.63× | 4.29× | ||
| Q4 24 | 1.81× | 3.72× | ||
| Q3 24 | 1.74× | 4.19× | ||
| Q2 24 | 1.60× | 3.83× |
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 | — | $367.0M |
| Free Cash FlowOCF − Capex | — | $168.0M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $1.1B | $152.0M | ||
| Q3 25 | $240.3M | $86.0M | ||
| Q2 25 | $293.4M | $70.0M | ||
| Q1 25 | $252.5M | $59.0M | ||
| Q4 24 | $1.1B | $134.0M | ||
| Q3 24 | $270.4M | $79.0M | ||
| Q2 24 | $252.1M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | $183.0M | $75.0M | ||
| Q2 25 | $272.3M | $58.0M | ||
| Q1 25 | $239.6M | $52.0M | ||
| Q4 24 | $1.1B | $109.0M | ||
| Q3 24 | $261.5M | $71.0M | ||
| Q2 24 | $245.0M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | 46.0% | 19.6% | ||
| Q2 25 | 69.0% | 14.6% | ||
| Q1 25 | 60.6% | 16.5% | ||
| Q4 24 | 275.3% | 32.4% | ||
| Q3 24 | 67.9% | 17.9% | ||
| Q2 24 | 64.4% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | 14.4% | 2.9% | ||
| Q2 25 | 5.3% | 3.0% | ||
| Q1 25 | 3.3% | 2.2% | ||
| Q4 24 | 0.0% | 7.4% | ||
| Q3 24 | 2.3% | 2.0% | ||
| Q2 24 | 1.9% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | 0.82× | ||
| Q2 25 | 1.94× | 0.80× | ||
| Q1 25 | 1.53× | 0.97× | ||
| Q4 24 | 4.80× | 1.58× | ||
| Q3 24 | 1.46× | 0.77× | ||
| Q2 24 | 1.21× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
