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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $420.0M, roughly 1.2× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 6.1%, a 50.9% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 6.3%). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% 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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
GLPI vs WWW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $517.5M |
| Net Profit | $239.4M | $31.8M |
| Gross Margin | — | 47.3% |
| Operating Margin | 79.4% | 9.7% |
| Net Margin | 57.0% | 6.1% |
| Revenue YoY | 6.3% | 25.5% |
| Net Profit YoY | 40.5% | 162.8% |
| EPS (diluted) | — | $0.37 |
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 | $517.5M | ||
| Q4 25 | $407.0M | — | ||
| Q3 25 | $397.6M | $470.3M | ||
| Q2 25 | $394.9M | $474.2M | ||
| Q1 25 | $395.2M | $412.3M | ||
| Q4 24 | $389.6M | $494.7M | ||
| Q3 24 | $385.3M | $440.2M | ||
| Q2 24 | $380.6M | $425.2M |
| Q1 26 | $239.4M | $31.8M | ||
| Q4 25 | $275.4M | — | ||
| Q3 25 | $241.2M | $25.1M | ||
| Q2 25 | $151.4M | $26.8M | ||
| Q1 25 | $165.2M | $12.1M | ||
| Q4 24 | $223.6M | $23.1M | ||
| Q3 24 | $184.7M | $23.2M | ||
| Q2 24 | $208.3M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 47.5% | ||
| Q2 25 | — | 47.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 45.1% | ||
| Q2 24 | — | 43.1% |
| Q1 26 | 79.4% | 9.7% | ||
| Q4 25 | 89.3% | — | ||
| Q3 25 | 84.8% | 8.4% | ||
| Q2 25 | 61.3% | 8.6% | ||
| Q1 25 | 65.5% | 4.8% | ||
| Q4 24 | 79.1% | 7.4% | ||
| Q3 24 | 70.4% | 7.9% | ||
| Q2 24 | 77.1% | 6.8% |
| Q1 26 | 57.0% | 6.1% | ||
| Q4 25 | 67.6% | — | ||
| Q3 25 | 60.7% | 5.3% | ||
| Q2 25 | 38.4% | 5.7% | ||
| Q1 25 | 41.8% | 2.9% | ||
| Q4 24 | 57.4% | 4.7% | ||
| Q3 24 | 47.9% | 5.3% | ||
| Q2 24 | 54.7% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.96 | — | ||
| Q3 25 | $0.85 | $0.30 | ||
| Q2 25 | $0.54 | $0.32 | ||
| Q1 25 | $0.60 | $0.15 | ||
| Q4 24 | $0.79 | $0.29 | ||
| Q3 24 | $0.67 | $0.28 | ||
| Q2 24 | $0.77 | $0.17 |
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 | — |
| Total DebtLower is stronger | — | $621.7M |
| Stockholders' EquityBook value | $5.0B | $408.0M |
| Total Assets | $13.8B | $1.7B |
| Debt / EquityLower = less leverage | — | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $560.8M | — | ||
| Q3 24 | $560.8M | — | ||
| Q2 24 | $560.8M | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | $676.4M | ||
| Q2 25 | $6.9B | $708.5M | ||
| Q1 25 | $6.9B | $710.8M | ||
| Q4 24 | $7.7B | $648.0M | ||
| Q3 24 | $7.4B | $702.8M | ||
| Q2 24 | $6.6B | $814.7M |
| Q1 26 | $5.0B | $408.0M | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.6B | $376.7M | ||
| Q2 25 | $4.6B | $344.0M | ||
| Q1 25 | $4.2B | $310.6M | ||
| Q4 24 | $4.3B | $312.9M | ||
| Q3 24 | $4.3B | $295.2M | ||
| Q2 24 | $4.1B | $262.1M |
| Q1 26 | $13.8B | $1.7B | ||
| Q4 25 | $12.9B | — | ||
| Q3 25 | $12.8B | $1.7B | ||
| Q2 25 | $12.5B | $1.8B | ||
| Q1 25 | $12.1B | $1.7B | ||
| Q4 24 | $13.1B | $1.7B | ||
| Q3 24 | $12.7B | $1.8B | ||
| Q2 24 | $11.8B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.57× | 1.80× | ||
| Q2 25 | 1.51× | 2.06× | ||
| Q1 25 | 1.63× | 2.29× | ||
| Q4 24 | 1.81× | 2.07× | ||
| Q3 24 | 1.74× | 2.38× | ||
| Q2 24 | 1.60× | 3.11× |
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 | — | $146.2M |
| Free Cash FlowOCF − Capex | — | $145.6M |
| FCF MarginFCF / Revenue | — | 28.1% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | — | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $240.3M | $33.0M | ||
| Q2 25 | $293.4M | $44.6M | ||
| Q1 25 | $252.5M | $-83.8M | ||
| Q4 24 | $1.1B | $82.4M | ||
| Q3 24 | $270.4M | $108.2M | ||
| Q2 24 | $252.1M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | $30.1M | ||
| Q2 25 | $272.3M | $41.2M | ||
| Q1 25 | $239.6M | $-91.4M | ||
| Q4 24 | $1.1B | $74.4M | ||
| Q3 24 | $261.5M | $104.1M | ||
| Q2 24 | $245.0M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | 6.4% | ||
| Q2 25 | 69.0% | 8.7% | ||
| Q1 25 | 60.6% | -22.2% | ||
| Q4 24 | 275.3% | 15.0% | ||
| Q3 24 | 67.9% | 23.6% | ||
| Q2 24 | 64.4% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | 0.6% | ||
| Q2 25 | 5.3% | 0.7% | ||
| Q1 25 | 3.3% | 1.8% | ||
| Q4 24 | 0.0% | 1.6% | ||
| Q3 24 | 2.3% | 0.9% | ||
| Q2 24 | 1.9% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | 1.31× | ||
| Q2 25 | 1.94× | 1.66× | ||
| Q1 25 | 1.53× | -6.93× | ||
| Q4 24 | 4.80× | 3.57× | ||
| Q3 24 | 1.46× | 4.66× | ||
| Q2 24 | 1.21× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
