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Side-by-side financial comparison of Gaming & Leisure Properties, Inc. (GLPI) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $420.0M, roughly 1.2× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 0.4%, a 56.6% gap on every dollar of revenue. On growth, Gaming & Leisure Properties, Inc. posted the faster year-over-year revenue change (6.3% vs 4.4%). Over the past eight quarters, Gaming & Leisure Properties, Inc.'s revenue compounded faster (5.0% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
GLPI vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $420.0M | $490.7M |
| Net Profit | $239.4M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | 79.4% | 1.5% |
| Net Margin | 57.0% | 0.4% |
| Revenue YoY | 6.3% | 4.4% |
| Net Profit YoY | 40.5% | -21.2% |
| EPS (diluted) | — | $0.18 |
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 | — | ||
| Q3 25 | $397.6M | $490.7M | ||
| Q2 25 | $394.9M | $496.5M | ||
| Q1 25 | $395.2M | $492.9M | ||
| Q4 24 | $389.6M | $418.8M | ||
| Q3 24 | $385.3M | $470.0M | ||
| Q2 24 | $380.6M | $526.3M |
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | — | ||
| Q3 25 | $241.2M | $2.2M | ||
| Q2 25 | $151.4M | $5.2M | ||
| Q1 25 | $165.2M | $2.5M | ||
| Q4 24 | $223.6M | $3.9M | ||
| Q3 24 | $184.7M | $2.7M | ||
| Q2 24 | $208.3M | $7.7M |
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | — | ||
| Q3 25 | 84.8% | 1.5% | ||
| Q2 25 | 61.3% | 2.3% | ||
| Q1 25 | 65.5% | 1.6% | ||
| Q4 24 | 79.1% | 2.1% | ||
| Q3 24 | 70.4% | 1.7% | ||
| Q2 24 | 77.1% | 2.9% |
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | — | ||
| Q3 25 | 60.7% | 0.4% | ||
| Q2 25 | 38.4% | 1.1% | ||
| Q1 25 | 41.8% | 0.5% | ||
| Q4 24 | 57.4% | 0.9% | ||
| Q3 24 | 47.9% | 0.6% | ||
| Q2 24 | 54.7% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | — | ||
| Q3 25 | $0.85 | $0.18 | ||
| Q2 25 | $0.54 | $0.45 | ||
| Q1 25 | $0.60 | $0.21 | ||
| Q4 24 | $0.79 | $0.33 | ||
| Q3 24 | $0.67 | $0.23 | ||
| Q2 24 | $0.77 | $0.66 |
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 | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $5.0B | $579.1M |
| Total Assets | $13.8B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $7.5M | ||
| Q2 25 | — | $14.8M | ||
| Q1 25 | — | $13.3M | ||
| Q4 24 | $560.8M | $11.9M | ||
| Q3 24 | $560.8M | $11.1M | ||
| Q2 24 | $560.8M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | $240.9M | ||
| Q2 25 | $6.9B | $233.2M | ||
| Q1 25 | $6.9B | $235.4M | ||
| Q4 24 | $7.7B | $272.5M | ||
| Q3 24 | $7.4B | $197.3M | ||
| Q2 24 | $6.6B | $209.2M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.6B | $579.1M | ||
| Q2 25 | $4.6B | $578.2M | ||
| Q1 25 | $4.2B | $574.2M | ||
| Q4 24 | $4.3B | $573.9M | ||
| Q3 24 | $4.3B | $570.6M | ||
| Q2 24 | $4.1B | $569.5M |
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | — | ||
| Q3 25 | $12.8B | $1.1B | ||
| Q2 25 | $12.5B | $1.1B | ||
| Q1 25 | $12.1B | $1.1B | ||
| Q4 24 | $13.1B | $1.0B | ||
| Q3 24 | $12.7B | $1.0B | ||
| Q2 24 | $11.8B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.57× | 0.42× | ||
| Q2 25 | 1.51× | 0.40× | ||
| Q1 25 | 1.63× | 0.41× | ||
| Q4 24 | 1.81× | 0.47× | ||
| Q3 24 | 1.74× | 0.35× | ||
| Q2 24 | 1.60× | 0.37× |
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 | — | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $240.3M | $-5.4M | ||
| Q2 25 | $293.4M | $15.5M | ||
| Q1 25 | $252.5M | $49.4M | ||
| Q4 24 | $1.1B | $14.6M | ||
| Q3 24 | $270.4M | $24.6M | ||
| Q2 24 | $252.1M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | $-12.9M | ||
| Q2 25 | $272.3M | $6.8M | ||
| Q1 25 | $239.6M | $40.6M | ||
| Q4 24 | $1.1B | $7.4M | ||
| Q3 24 | $261.5M | $15.6M | ||
| Q2 24 | $245.0M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | -2.6% | ||
| Q2 25 | 69.0% | 1.4% | ||
| Q1 25 | 60.6% | 8.2% | ||
| Q4 24 | 275.3% | 1.8% | ||
| Q3 24 | 67.9% | 3.3% | ||
| Q2 24 | 64.4% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | 1.5% | ||
| Q2 25 | 5.3% | 1.7% | ||
| Q1 25 | 3.3% | 1.8% | ||
| Q4 24 | 0.0% | 1.7% | ||
| Q3 24 | 2.3% | 1.9% | ||
| Q2 24 | 1.9% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | -2.50× | ||
| Q2 25 | 1.94× | 2.96× | ||
| Q1 25 | 1.53× | 19.70× | ||
| Q4 24 | 4.80× | 3.75× | ||
| Q3 24 | 1.46× | 9.01× | ||
| Q2 24 | 1.21× | -0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GLPI
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
