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Side-by-side financial comparison of Garrett Motion Inc. (GTX) and PENN Entertainment, Inc. (PENN). Click either name above to swap in a different company.

PENN Entertainment, Inc. is the larger business by last-quarter revenue ($1.8B vs $891.0M, roughly 2.0× Garrett Motion Inc.). Garrett Motion Inc. runs the higher net margin — 9.4% vs -0.2%, a 9.6% gap on every dollar of revenue. On growth, PENN Entertainment, Inc. posted the faster year-over-year revenue change (6.4% vs 5.6%). Over the past eight quarters, PENN Entertainment, Inc.'s revenue compounded faster (3.4% CAGR vs -1.3%).

Garrett Motion Inc., formerly Honeywell Transportation Systems and Honeywell Turbo Technologies, is an American company primarily involved in engineering, development and manufacturing of turbochargers and related forced induction systems for ground vehicles from small passenger cars to large trucks and industrial equipment and construction machinery. It originated as part of Garrett AiResearch's Industrial Division in Phoenix, Arizona, in 1954, after which they entered a contract to provide ...

Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.

GTX vs PENN — Head-to-Head

Bigger by revenue
PENN
PENN
2.0× larger
PENN
$1.8B
$891.0M
GTX
Growing faster (revenue YoY)
PENN
PENN
+0.8% gap
PENN
6.4%
5.6%
GTX
Higher net margin
GTX
GTX
9.6% more per $
GTX
9.4%
-0.2%
PENN
Faster 2-yr revenue CAGR
PENN
PENN
Annualised
PENN
3.4%
-1.3%
GTX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GTX
GTX
PENN
PENN
Revenue
$891.0M
$1.8B
Net Profit
$84.0M
$-2.8M
Gross Margin
20.8%
Operating Margin
11.6%
5.5%
Net Margin
9.4%
-0.2%
Revenue YoY
5.6%
6.4%
Net Profit YoY
-16.0%
66.7%
EPS (diluted)
$0.42
$-0.02

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.

Revenue
GTX
GTX
PENN
PENN
Q1 26
$1.8B
Q4 25
$891.0M
$1.8B
Q3 25
$902.0M
$1.7B
Q2 25
$913.0M
$1.8B
Q1 25
$878.0M
$1.7B
Q4 24
$844.0M
$1.7B
Q3 24
$826.0M
$1.6B
Q2 24
$890.0M
$1.7B
Net Profit
GTX
GTX
PENN
PENN
Q1 26
$-2.8M
Q4 25
$84.0M
$-72.9M
Q3 25
$77.0M
$-864.6M
Q2 25
$87.0M
$-17.4M
Q1 25
$62.0M
$111.8M
Q4 24
$100.0M
$-133.3M
Q3 24
$52.0M
$-36.7M
Q2 24
$64.0M
$-26.8M
Gross Margin
GTX
GTX
PENN
PENN
Q1 26
Q4 25
20.8%
Q3 25
20.6%
Q2 25
19.8%
Q1 25
20.4%
Q4 24
21.6%
Q3 24
20.1%
Q2 24
20.8%
Operating Margin
GTX
GTX
PENN
PENN
Q1 26
5.5%
Q4 25
11.6%
-1.0%
Q3 25
11.3%
-45.2%
Q2 25
11.2%
4.4%
Q1 25
9.7%
2.6%
Q4 24
11.7%
-2.9%
Q3 24
9.2%
4.1%
Q2 24
9.8%
4.5%
Net Margin
GTX
GTX
PENN
PENN
Q1 26
-0.2%
Q4 25
9.4%
-4.0%
Q3 25
8.5%
-50.3%
Q2 25
9.5%
-1.0%
Q1 25
7.1%
6.7%
Q4 24
11.8%
-8.0%
Q3 24
6.3%
-2.2%
Q2 24
7.2%
-1.6%
EPS (diluted)
GTX
GTX
PENN
PENN
Q1 26
$-0.02
Q4 25
$0.42
$-0.36
Q3 25
$0.38
$-6.03
Q2 25
$0.42
$-0.12
Q1 25
$0.30
$0.68
Q4 24
$0.46
$-0.87
Q3 24
$0.24
$-0.24
Q2 24
$0.28
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GTX
GTX
PENN
PENN
Cash + ST InvestmentsLiquidity on hand
$177.0M
$708.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-802.0M
Total Assets
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTX
GTX
PENN
PENN
Q1 26
$708.0M
Q4 25
$177.0M
$686.6M
Q3 25
$230.0M
$660.1M
Q2 25
$232.0M
$671.6M
Q1 25
$130.0M
$591.6M
Q4 24
$125.0M
$706.6M
Q3 24
$96.0M
$834.0M
Q2 24
$98.0M
$877.6M
Total Debt
GTX
GTX
PENN
PENN
Q1 26
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.8B
Q1 25
$2.6B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$2.8B
Stockholders' Equity
GTX
GTX
PENN
PENN
Q1 26
Q4 25
$-802.0M
$1.8B
Q3 25
$-813.0M
$2.0B
Q2 25
$-812.0M
$3.0B
Q1 25
$-700.0M
$3.0B
Q4 24
$-673.0M
$2.9B
Q3 24
$-778.0M
$3.1B
Q2 24
$-725.0M
$3.1B
Total Assets
GTX
GTX
PENN
PENN
Q1 26
Q4 25
$2.4B
$14.3B
Q3 25
$2.4B
$14.3B
Q2 25
$2.4B
$15.2B
Q1 25
$2.3B
$15.1B
Q4 24
$2.3B
$15.3B
Q3 24
$2.2B
$15.5B
Q2 24
$2.2B
$15.5B
Debt / Equity
GTX
GTX
PENN
PENN
Q1 26
Q4 25
1.58×
Q3 25
1.46×
Q2 25
0.94×
Q1 25
0.89×
Q4 24
0.98×
Q3 24
0.91×
Q2 24
0.91×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTX
GTX
PENN
PENN
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$78.0M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
2.4%
5.3%
Cash ConversionOCF / Net Profit
1.18×
TTM Free Cash FlowTrailing 4 quarters
$341.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTX
GTX
PENN
PENN
Q1 26
Q4 25
$99.0M
$107.2M
Q3 25
$100.0M
$180.9M
Q2 25
$158.0M
$178.2M
Q1 25
$56.0M
$41.9M
Q4 24
$131.0M
$102.9M
Q3 24
$67.0M
$174.7M
Q2 24
$126.0M
$150.4M
Free Cash Flow
GTX
GTX
PENN
PENN
Q1 26
Q4 25
$78.0M
$-83.2M
Q3 25
$90.0M
$8.2M
Q2 25
$143.0M
$18.8M
Q1 25
$30.0M
$-83.3M
Q4 24
$109.0M
$-118.1M
Q3 24
$47.0M
$42.6M
Q2 24
$109.0M
$62.2M
FCF Margin
GTX
GTX
PENN
PENN
Q1 26
Q4 25
8.8%
-4.6%
Q3 25
10.0%
0.5%
Q2 25
15.7%
1.1%
Q1 25
3.4%
-5.0%
Q4 24
12.9%
-7.1%
Q3 24
5.7%
2.6%
Q2 24
12.2%
3.7%
Capex Intensity
GTX
GTX
PENN
PENN
Q1 26
5.3%
Q4 25
2.4%
10.5%
Q3 25
1.1%
10.1%
Q2 25
1.6%
9.0%
Q1 25
3.0%
7.5%
Q4 24
2.6%
13.2%
Q3 24
2.4%
8.1%
Q2 24
1.9%
5.3%
Cash Conversion
GTX
GTX
PENN
PENN
Q1 26
Q4 25
1.18×
Q3 25
1.30×
Q2 25
1.82×
Q1 25
0.90×
0.37×
Q4 24
1.31×
Q3 24
1.29×
Q2 24
1.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GTX
GTX

Segment breakdown not available.

PENN
PENN

Northeast segment (1)$687.1M39%
Interactive (5)$290.1M16%
South segment (2)$288.3M16%
Midwest segment (4)$282.9M16%
West segment (3)$129.7M7%
Other$101.0M6%

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