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ADAMAS TRUST, INC.（ADAM）与Gaming & Leisure Properties, Inc.（GLPI）财务数据对比。点击上方公司名可切换其他公司
Gaming & Leisure Properties, Inc.的季度营收约是ADAMAS TRUST, INC.的9.7倍（$420.0M vs $43.2M）。ADAMAS TRUST, INC.净利率更高（124.0% vs 57.0%，领先67.0%）。ADAMAS TRUST, INC.同比增速更快（61.6% vs 6.3%）。过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 5.0%）
博彩与休闲地产公司（GLPI）是一家专注于赌场物业的房地产投资信托（REIT），总部位于宾夕法尼亚州怀奥米辛。公司于2013年11月从宾州国民娱乐分拆成立，目前持有62处赌场物业，全部对外出租给其他企业运营。
ADAM vs GLPI — 直观对比
营收规模更大
GLPI
是对方的9.7倍
$43.2M
营收增速更快
ADAM
高出55.3%
6.3%
净利率更高
ADAM
高出67.0%
57.0%
两年增速更快
ADAM
近两年复合增速
5.0%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $420.0M |
| 净利润 | $53.5M | $239.4M |
| 毛利率 | — | — |
| 营业利润率 | — | 79.4% |
| 净利率 | 124.0% | 57.0% |
| 营收同比 | 61.6% | 6.3% |
| 净利润同比 | 270.5% | 40.5% |
| 每股收益（稀释后） | $0.45 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ADAMGLPI
| Q1 26 | — | $420.0M | ||
| Q4 25 | $43.2M | $407.0M | ||
| Q3 25 | $36.6M | $397.6M | ||
| Q2 25 | $36.4M | $394.9M | ||
| Q1 25 | $33.1M | $395.2M | ||
| Q4 24 | $26.7M | $389.6M | ||
| Q3 24 | $20.2M | $385.3M | ||
| Q2 24 | $19.0M | $380.6M |
净利润ADAMGLPI
| Q1 26 | — | $239.4M | ||
| Q4 25 | $53.5M | $267.3M | ||
| Q3 25 | $44.8M | $241.2M | ||
| Q2 25 | $8.5M | $151.4M | ||
| Q1 25 | $42.2M | $165.2M | ||
| Q4 24 | $-31.4M | $217.2M | ||
| Q3 24 | $42.8M | $184.7M | ||
| Q2 24 | $-15.6M | $208.3M |
营业利润率ADAMGLPI
| Q1 26 | — | 79.4% | ||
| Q4 25 | — | 89.3% | ||
| Q3 25 | — | 84.8% | ||
| Q2 25 | 11.7% | 61.3% | ||
| Q1 25 | — | 65.5% | ||
| Q4 24 | -119.0% | 79.1% | ||
| Q3 24 | — | 70.4% | ||
| Q2 24 | -124.7% | 77.1% |
净利率ADAMGLPI
| Q1 26 | — | 57.0% | ||
| Q4 25 | 124.0% | 65.7% | ||
| Q3 25 | 122.5% | 60.7% | ||
| Q2 25 | 23.4% | 38.4% | ||
| Q1 25 | 127.4% | 41.8% | ||
| Q4 24 | -117.5% | 55.8% | ||
| Q3 24 | 211.7% | 47.9% | ||
| Q2 24 | -81.9% | 54.7% |
每股收益（稀释后）ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | $0.45 | $0.96 | ||
| Q3 25 | $0.36 | $0.85 | ||
| Q2 25 | $-0.04 | $0.54 | ||
| Q1 25 | $0.33 | $0.60 | ||
| Q4 24 | $-0.46 | $0.79 | ||
| Q3 24 | $0.36 | $0.67 | ||
| Q2 24 | $-0.29 | $0.77 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $210.3M | $274.5M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $5.0B |
| 总资产 | $12.6B | $13.8B |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资ADAMGLPI
| Q1 26 | — | $274.5M | ||
| Q4 25 | $210.3M | — | ||
| Q3 25 | $185.3M | — | ||
| Q2 25 | $160.4M | — | ||
| Q1 25 | $177.1M | — | ||
| Q4 24 | $167.4M | $560.8M | ||
| Q3 24 | $195.1M | $554.1M | ||
| Q2 24 | $235.5M | $347.8M |
总债务ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | $735.8M | $7.2B | ||
| Q3 25 | $766.6M | $7.2B | ||
| Q2 25 | $653.0M | $6.9B | ||
| Q1 25 | $654.4M | $6.9B | ||
| Q4 24 | $573.2M | $7.7B | ||
| Q3 24 | $699.4M | $7.4B | ||
| Q2 24 | $800.7M | $6.6B |
股东权益ADAMGLPI
| Q1 26 | — | $5.0B | ||
| Q4 25 | $1.4B | $4.6B | ||
| Q3 25 | $1.4B | $4.6B | ||
| Q2 25 | $1.4B | $4.6B | ||
| Q1 25 | $1.4B | $4.2B | ||
| Q4 24 | $1.4B | $4.3B | ||
| Q3 24 | $1.4B | $4.3B | ||
| Q2 24 | $1.4B | $4.1B |
总资产ADAMGLPI
| Q1 26 | — | $13.8B | ||
| Q4 25 | $12.6B | $12.9B | ||
| Q3 25 | $12.4B | $12.8B | ||
| Q2 25 | $10.6B | $12.5B | ||
| Q1 25 | $10.0B | $12.1B | ||
| Q4 24 | $9.2B | $13.1B | ||
| Q3 24 | $8.9B | $12.7B | ||
| Q2 24 | $8.2B | $11.8B |
负债/权益比ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | 0.52× | 1.56× | ||
| Q3 25 | 0.55× | 1.57× | ||
| Q2 25 | 0.47× | 1.51× | ||
| Q1 25 | 0.47× | 1.63× | ||
| Q4 24 | 0.41× | 1.81× | ||
| Q3 24 | 0.48× | 1.74× | ||
| Q2 24 | 0.56× | 1.60× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $62.1M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.16× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | $62.1M | $343.2M | ||
| Q3 25 | $6.9M | $240.3M | ||
| Q2 25 | $39.2M | $293.4M | ||
| Q1 25 | $25.8M | $252.5M | ||
| Q4 24 | $29.1M | $292.4M | ||
| Q3 24 | $-922.0K | $270.4M | ||
| Q2 24 | $-993.0K | $252.1M |
自由现金流ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $183.0M | ||
| Q2 25 | — | $272.3M | ||
| Q1 25 | — | $239.6M | ||
| Q4 24 | $25.7M | $276.6M | ||
| Q3 24 | $-8.6M | $261.5M | ||
| Q2 24 | $-8.6M | $245.0M |
自由现金流率ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 69.0% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | 96.1% | 71.0% | ||
| Q3 24 | -42.3% | 67.9% | ||
| Q2 24 | -44.9% | 64.4% |
资本支出强度ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.4% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | 12.9% | 4.1% | ||
| Q3 24 | 37.7% | 2.3% | ||
| Q2 24 | 39.7% | 1.9% |
现金转化率ADAMGLPI
| Q1 26 | — | — | ||
| Q4 25 | 1.16× | 1.28× | ||
| Q3 25 | 0.15× | 1.00× | ||
| Q2 25 | 4.59× | 1.94× | ||
| Q1 25 | 0.61× | 1.53× | ||
| Q4 24 | — | 1.35× | ||
| Q3 24 | -0.02× | 1.46× | ||
| Q2 24 | — | 1.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
GLPI
暂无分部数据
