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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $420.0M, roughly 1.5× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 13.4%, a 43.6% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 6.3%). 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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
GLPI vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $625.1M |
| Net Profit | $239.4M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 79.4% | 18.2% |
| Net Margin | 57.0% | 13.4% |
| Revenue YoY | 6.3% | 15.7% |
| Net Profit YoY | 40.5% | 24.0% |
| EPS (diluted) | — | $2.50 |
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 | $625.1M | ||
| Q3 25 | $397.6M | $611.7M | ||
| Q2 25 | $394.9M | $643.7M | ||
| Q1 25 | $395.2M | $558.0M | ||
| Q4 24 | $389.6M | $540.4M | ||
| Q3 24 | $385.3M | $543.6M | ||
| Q2 24 | $380.6M | $597.3M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $83.7M | ||
| Q3 25 | $241.2M | $82.2M | ||
| Q2 25 | $151.4M | $100.9M | ||
| Q1 25 | $165.2M | $74.0M | ||
| Q4 24 | $223.6M | $67.5M | ||
| Q3 24 | $184.7M | $69.1M | ||
| Q2 24 | $208.3M | $82.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 18.2% | ||
| Q3 25 | 84.8% | 18.2% | ||
| Q2 25 | 61.3% | 21.0% | ||
| Q1 25 | 65.5% | 15.7% | ||
| Q4 24 | 79.1% | 16.5% | ||
| Q3 24 | 70.4% | 17.1% | ||
| Q2 24 | 77.1% | 18.7% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 13.4% | ||
| Q3 25 | 60.7% | 13.4% | ||
| Q2 25 | 38.4% | 15.7% | ||
| Q1 25 | 41.8% | 13.3% | ||
| Q4 24 | 57.4% | 12.5% | ||
| Q3 24 | 47.9% | 12.7% | ||
| Q2 24 | 54.7% | 13.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $2.50 | ||
| Q3 25 | $0.85 | $2.45 | ||
| Q2 25 | $0.54 | $3.01 | ||
| Q1 25 | $0.60 | $2.21 | ||
| Q4 24 | $0.79 | $2.02 | ||
| Q3 24 | $0.67 | $2.06 | ||
| Q2 24 | $0.77 | $2.44 |
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 | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.0B | $2.0B |
| Total Assets | $13.8B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $405.5M | ||
| Q3 25 | — | $457.7M | ||
| Q2 25 | — | $369.3M | ||
| Q1 25 | — | $336.8M | ||
| Q4 24 | $560.8M | $386.9M | ||
| Q3 24 | $560.8M | $303.9M | ||
| Q2 24 | $560.8M | $279.4M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $2.0B | ||
| Q3 25 | $4.6B | $2.0B | ||
| Q2 25 | $4.6B | $1.9B | ||
| Q1 25 | $4.2B | $1.8B | ||
| Q4 24 | $4.3B | $1.7B | ||
| Q3 24 | $4.3B | $1.7B | ||
| Q2 24 | $4.1B | $1.6B |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.9B | ||
| Q3 25 | $12.8B | $2.7B | ||
| Q2 25 | $12.5B | $2.6B | ||
| Q1 25 | $12.1B | $2.5B | ||
| Q4 24 | $13.1B | $2.4B | ||
| Q3 24 | $12.7B | $2.4B | ||
| Q2 24 | $11.8B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| Q1 25 | 1.63× | — | ||
| 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 | — | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $154.7M | ||
| Q3 25 | $240.3M | $122.4M | ||
| Q2 25 | $293.4M | $69.7M | ||
| Q1 25 | $252.5M | $55.2M | ||
| Q4 24 | $1.1B | $139.5M | ||
| Q3 24 | $270.4M | $90.7M | ||
| Q2 24 | $252.1M | $85.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $140.3M | ||
| Q3 25 | $183.0M | $110.9M | ||
| Q2 25 | $272.3M | $59.5M | ||
| Q1 25 | $239.6M | $45.6M | ||
| Q4 24 | $1.1B | $127.5M | ||
| Q3 24 | $261.5M | $84.3M | ||
| Q2 24 | $245.0M | $78.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.4% | ||
| Q3 25 | 46.0% | 18.1% | ||
| Q2 25 | 69.0% | 9.2% | ||
| Q1 25 | 60.6% | 8.2% | ||
| Q4 24 | 275.3% | 23.6% | ||
| Q3 24 | 67.9% | 15.5% | ||
| Q2 24 | 64.4% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 14.4% | 1.9% | ||
| Q2 25 | 5.3% | 1.6% | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 0.0% | 2.2% | ||
| Q3 24 | 2.3% | 1.2% | ||
| Q2 24 | 1.9% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.85× | ||
| Q3 25 | 1.00× | 1.49× | ||
| Q2 25 | 1.94× | 0.69× | ||
| Q1 25 | 1.53× | 0.75× | ||
| Q4 24 | 4.80× | 2.07× | ||
| Q3 24 | 1.46× | 1.31× | ||
| Q2 24 | 1.21× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
