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Gaming & Leisure Properties, Inc.（GLPI）与IAC Inc.（IAC）财务数据对比。点击上方公司名可切换其他公司
IAC Inc.的季度营收约是Gaming & Leisure Properties, Inc.的1.0倍（$422.9M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs -17.0%，领先74.0%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs -12.2%），过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% vs -18.4%）
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。
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
GLPI vs IAC — 直观对比
营收规模更大
IAC
是对方的1.0倍
$420.0M
营收增速更快
GLPI
高出18.5%
-12.2%
净利率更高
GLPI
高出74.0%
-17.0%
两年增速更快
GLPI
近两年复合增速
-18.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $422.9M |
| 净利润 | $239.4M | $-71.9M |
| 毛利率 | — | 99.9% |
| 营业利润率 | 79.4% | — |
| 净利率 | 57.0% | -17.0% |
| 营收同比 | 6.3% | -12.2% |
| 净利润同比 | 40.5% | 67.1% |
| 每股收益（稀释后） | — | $-0.94 |
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GLPIIAC
| Q1 26 | $420.0M | $422.9M | ||
| Q4 25 | $407.0M | $646.0M | ||
| Q3 25 | $397.6M | $589.8M | ||
| Q2 25 | $394.9M | $586.9M | ||
| Q1 25 | $395.2M | $570.5M | ||
| Q4 24 | $389.6M | $721.4M | ||
| Q3 24 | $385.3M | $642.0M | ||
| Q2 24 | $380.6M | $634.4M |
净利润GLPIIAC
| Q1 26 | $239.4M | $-71.9M | ||
| Q4 25 | $275.4M | $-76.8M | ||
| Q3 25 | $241.2M | $-21.9M | ||
| Q2 25 | $151.4M | $211.5M | ||
| Q1 25 | $165.2M | $-216.8M | ||
| Q4 24 | $223.6M | $-199.0M | ||
| Q3 24 | $184.7M | $-243.7M | ||
| Q2 24 | $208.3M | $-142.2M |
毛利率GLPIIAC
| Q1 26 | — | 99.9% | ||
| Q4 25 | — | 69.8% | ||
| Q3 25 | — | 64.8% | ||
| Q2 25 | — | 65.6% | ||
| Q1 25 | — | 64.0% | ||
| Q4 24 | — | 65.8% | ||
| Q3 24 | — | 62.1% | ||
| Q2 24 | — | 60.1% |
营业利润率GLPIIAC
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | -17.5% | ||
| Q3 25 | 84.8% | -3.5% | ||
| Q2 25 | 61.3% | 0.1% | ||
| Q1 25 | 65.5% | 6.3% | ||
| Q4 24 | 79.1% | 6.7% | ||
| Q3 24 | 70.4% | 1.3% | ||
| Q2 24 | 77.1% | -3.4% |
净利率GLPIIAC
| Q1 26 | 57.0% | -17.0% | ||
| Q4 25 | 67.6% | -11.9% | ||
| Q3 25 | 60.7% | -3.7% | ||
| Q2 25 | 38.4% | 36.0% | ||
| Q1 25 | 41.8% | -38.0% | ||
| Q4 24 | 57.4% | -27.6% | ||
| Q3 24 | 47.9% | -38.0% | ||
| Q2 24 | 54.7% | -22.4% |
每股收益（稀释后）GLPIIAC
| Q1 26 | — | $-0.94 | ||
| Q4 25 | $0.96 | $-0.96 | ||
| Q3 25 | $0.85 | $-0.27 | ||
| Q2 25 | $0.54 | $2.57 | ||
| Q1 25 | $0.60 | $-2.64 | ||
| Q4 24 | $0.79 | $-2.36 | ||
| Q3 24 | $0.67 | $-2.93 | ||
| Q2 24 | $0.77 | $-1.71 |
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 | $1.1B |
| 总债务越低越好 | — | $24.5M |
| 股东权益账面价值 | $5.0B | $4.6B |
| 总资产 | $13.8B | $6.8B |
| 负债/权益比越低杠杆越低 | — | 0.01× |
8季度趋势，按日历期对齐
现金及短期投资GLPIIAC
| Q1 26 | $274.5M | $1.1B | ||
| Q4 25 | — | $960.2M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $560.8M | $1.4B | ||
| Q3 24 | $560.8M | $1.3B | ||
| Q2 24 | $560.8M | $1.3B |
总债务GLPIIAC
| Q1 26 | — | $24.5M | ||
| Q4 25 | $7.2B | $1.4B | ||
| Q3 25 | $7.2B | $1.4B | ||
| Q2 25 | $6.9B | $1.4B | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
股东权益GLPIIAC
| Q1 26 | $5.0B | $4.6B | ||
| Q4 25 | $4.6B | $4.7B | ||
| Q3 25 | $4.6B | $4.8B | ||
| Q2 25 | $4.6B | $4.9B | ||
| Q1 25 | $4.2B | $4.7B | ||
| Q4 24 | $4.3B | $5.6B | ||
| Q3 24 | $4.3B | $5.8B | ||
| Q2 24 | $4.1B | $6.0B |
总资产GLPIIAC
| Q1 26 | $13.8B | $6.8B | ||
| Q4 25 | $12.9B | $7.1B | ||
| Q3 25 | $12.8B | $7.2B | ||
| Q2 25 | $12.5B | $7.4B | ||
| Q1 25 | $12.1B | $7.2B | ||
| Q4 24 | $13.1B | $9.7B | ||
| Q3 24 | $12.7B | $9.8B | ||
| Q2 24 | $11.8B | $10.2B |
负债/权益比GLPIIAC
| Q1 26 | — | 0.01× | ||
| Q4 25 | 1.56× | 0.30× | ||
| Q3 25 | 1.57× | 0.30× | ||
| Q2 25 | 1.51× | 0.30× | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.74× | — | ||
| Q2 24 | 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 | — | $5.4M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.5% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $51.4M |
8季度趋势，按日历期对齐
经营现金流GLPIIAC
| Q1 26 | — | $5.4M | ||
| Q4 25 | $1.1B | $36.6M | ||
| Q3 25 | $240.3M | $30.1M | ||
| Q2 25 | $293.4M | $-2.8M | ||
| Q1 25 | $252.5M | $63.0K | ||
| Q4 24 | $1.1B | $110.1M | ||
| Q3 24 | $270.4M | $95.3M | ||
| Q2 24 | $252.1M | $85.0M |
自由现金流GLPIIAC
| Q1 26 | — | $2.0M | ||
| Q4 25 | — | $31.4M | ||
| Q3 25 | $183.0M | $25.3M | ||
| Q2 25 | $272.3M | $-7.2M | ||
| Q1 25 | $239.6M | $-4.6M | ||
| Q4 24 | $1.1B | $104.8M | ||
| Q3 24 | $261.5M | $92.0M | ||
| Q2 24 | $245.0M | $81.6M |
自由现金流率GLPIIAC
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | 46.0% | 4.3% | ||
| Q2 25 | 69.0% | -1.2% | ||
| Q1 25 | 60.6% | -0.8% | ||
| Q4 24 | 275.3% | 14.5% | ||
| Q3 24 | 67.9% | 14.3% | ||
| Q2 24 | 64.4% | 12.9% |
资本支出强度GLPIIAC
| Q1 26 | — | 1.9% | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | 14.4% | 0.8% | ||
| Q2 25 | 5.3% | 0.8% | ||
| Q1 25 | 3.3% | 0.8% | ||
| Q4 24 | 0.0% | 0.7% | ||
| Q3 24 | 2.3% | 0.5% | ||
| Q2 24 | 1.9% | 0.5% |
现金转化率GLPIIAC
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | -0.01× | ||
| Q1 25 | 1.53× | — | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 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
GLPI
暂无分部数据
IAC
| People Inc. (a) | $385.7M | 91% |
| Emerging & Other | $20.1M | 5% |
| Search | $17.1M | 4% |
