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Gaming & Leisure Properties, Inc.（GLPI）与和黄医药（HCM）财务数据对比。点击上方公司名可切换其他公司
Gaming & Leisure Properties, Inc.的季度营收约是和黄医药的1.6倍（$420.0M vs $270.8M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 0.7%，领先56.3%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs -16.5%）
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。
和黄医药是一家国际化生物制药企业，专注于肿瘤、免疫类疾病的靶向疗法与免疫疗法的研发、生产及商业化，核心市场覆盖中国及全球多个国家地区，已有多款肿瘤治疗药物上市，后期临床管线储备丰富。
GLPI vs HCM — 直观对比
营收规模更大
GLPI
是对方的1.6倍
$270.8M
营收增速更快
GLPI
高出22.8%
-16.5%
净利率更高
GLPI
高出56.3%
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $270.8M |
| 净利润 | $239.4M | $2.0M |
| 毛利率 | — | 37.7% |
| 营业利润率 | 79.4% | -13.2% |
| 净利率 | 57.0% | 0.7% |
| 营收同比 | 6.3% | -16.5% |
| 净利润同比 | 40.5% | -83.6% |
| 每股收益（稀释后） | — | $0.00 |
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GLPIHCM
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $270.8M | ||
| Q3 25 | $397.6M | — | ||
| Q2 25 | $394.9M | $277.7M | ||
| Q1 25 | $395.2M | $324.5M | ||
| Q4 24 | $389.6M | — | ||
| Q3 24 | $385.3M | — | ||
| Q2 24 | $380.6M | $305.7M |
净利润GLPIHCM
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $2.0M | ||
| Q3 25 | $241.2M | — | ||
| Q2 25 | $151.4M | $455.0M | ||
| Q1 25 | $165.2M | $11.9M | ||
| Q4 24 | $223.6M | — | ||
| Q3 24 | $184.7M | — | ||
| Q2 24 | $208.3M | $25.8M |
毛利率GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 41.1% |
营业利润率GLPIHCM
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | -13.2% | ||
| Q3 25 | 84.8% | — | ||
| Q2 25 | 61.3% | -1.3% | ||
| Q1 25 | 65.5% | -5.0% | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.4% | — | ||
| Q2 24 | 77.1% | -9.0% |
净利率GLPIHCM
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 0.7% | ||
| Q3 25 | 60.7% | — | ||
| Q2 25 | 38.4% | 163.8% | ||
| Q1 25 | 41.8% | 3.7% | ||
| Q4 24 | 57.4% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 54.7% | 8.4% |
每股收益（稀释后）GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.00 | ||
| Q3 25 | $0.85 | — | ||
| Q2 25 | $0.54 | $0.52 | ||
| Q1 25 | $0.60 | $0.01 | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.67 | — | ||
| Q2 24 | $0.77 | $0.03 |
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 | $274.5M | $1.4B |
| 总债务越低越好 | — | $93.2M |
| 股东权益账面价值 | $5.0B | $1.2B |
| 总资产 | $13.8B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资GLPIHCM
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $836.1M | ||
| Q4 24 | $560.8M | — | ||
| Q3 24 | $560.8M | — | ||
| Q2 24 | $560.8M | $802.5M |
总债务GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $93.2M | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | $93.4M | ||
| Q1 25 | $6.9B | $82.8M | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | $82.1M |
股东权益GLPIHCM
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $1.2B | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $4.2B | $759.9M | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.1B | $740.1M |
总资产GLPIHCM
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $1.8B | ||
| Q3 25 | $12.8B | — | ||
| Q2 25 | $12.5B | $1.8B | ||
| Q1 25 | $12.1B | $1.3B | ||
| Q4 24 | $13.1B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $11.8B | $1.3B |
负债/权益比GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.08× | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | 0.08× | ||
| Q1 25 | 1.63× | 0.11× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 1.60× | 0.11× |
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 | — | $8.2M |
| 自由现金流经营现金流 - 资本支出 | — | $3.4M |
| 自由现金流率自由现金流/营收 | — | 1.2% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | — | 4.21× |
| 过去12个月自由现金流最近4个季度 | — | $-96.2M |
8季度趋势，按日历期对齐
经营现金流GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $8.2M | ||
| Q3 25 | $240.3M | — | ||
| Q2 25 | $293.4M | $-72.9M | ||
| Q1 25 | $252.5M | $40.3M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $270.4M | — | ||
| Q2 24 | $252.1M | $-39.8M |
自由现金流GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | — | $3.4M | ||
| Q3 25 | $183.0M | — | ||
| Q2 25 | $272.3M | $-82.2M | ||
| Q1 25 | $239.6M | $32.5M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $261.5M | — | ||
| Q2 24 | $245.0M | $-49.9M |
自由现金流率GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | 46.0% | — | ||
| Q2 25 | 69.0% | -29.6% | ||
| Q1 25 | 60.6% | 10.0% | ||
| Q4 24 | 275.3% | — | ||
| Q3 24 | 67.9% | — | ||
| Q2 24 | 64.4% | -16.3% |
资本支出强度GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.8% | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 5.3% | 3.3% | ||
| Q1 25 | 3.3% | 2.4% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.9% | 3.3% |
现金转化率GLPIHCM
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 4.21× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | -0.16× | ||
| Q1 25 | 1.53× | 3.38× | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.21× | -1.54× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
