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Gaming & Leisure Properties, Inc.（GLPI）与IPG PHOTONICS CORP（IPGP）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IPG PHOTONICS CORP的1.5倍（$420.0M vs $274.5M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 4.8%，领先52.2%），IPG PHOTONICS CORP同比增速更快（17.1% vs 6.3%），过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% vs 4.4%）
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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
GLPI vs IPGP — 直观对比
营收规模更大
GLPI
是对方的1.5倍
$274.5M
营收增速更快
IPGP
高出10.9%
6.3%
净利率更高
GLPI
高出52.2%
4.8%
两年增速更快
GLPI
近两年复合增速
4.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $274.5M |
| 净利润 | $239.4M | $13.3M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 79.4% | 1.2% |
| 净利率 | 57.0% | 4.8% |
| 营收同比 | 6.3% | 17.1% |
| 净利润同比 | 40.5% | 69.8% |
| 每股收益（稀释后） | — | $0.30 |
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GLPIIPGP
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $274.5M | ||
| Q3 25 | $397.6M | $250.8M | ||
| Q2 25 | $394.9M | $250.7M | ||
| Q1 25 | $395.2M | $227.8M | ||
| Q4 24 | $389.6M | $234.3M | ||
| Q3 24 | $385.3M | $233.1M | ||
| Q2 24 | $380.6M | $257.6M |
净利润GLPIIPGP
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $13.3M | ||
| Q3 25 | $241.2M | $7.5M | ||
| Q2 25 | $151.4M | $6.6M | ||
| Q1 25 | $165.2M | $3.8M | ||
| Q4 24 | $223.6M | $7.8M | ||
| Q3 24 | $184.7M | $-233.6M | ||
| Q2 24 | $208.3M | $20.2M |
毛利率GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% |
营业利润率GLPIIPGP
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 1.2% | ||
| Q3 25 | 84.8% | 3.1% | ||
| Q2 25 | 61.3% | 0.0% | ||
| Q1 25 | 65.5% | 0.8% | ||
| Q4 24 | 79.1% | 6.0% | ||
| Q3 24 | 70.4% | -108.7% | ||
| Q2 24 | 77.1% | 4.7% |
净利率GLPIIPGP
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 4.8% | ||
| Q3 25 | 60.7% | 3.0% | ||
| Q2 25 | 38.4% | 2.6% | ||
| Q1 25 | 41.8% | 1.6% | ||
| Q4 24 | 57.4% | 3.3% | ||
| Q3 24 | 47.9% | -100.2% | ||
| Q2 24 | 54.7% | 7.8% |
每股收益（稀释后）GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.30 | ||
| Q3 25 | $0.85 | $0.18 | ||
| Q2 25 | $0.54 | $0.16 | ||
| Q1 25 | $0.60 | $0.09 | ||
| Q4 24 | $0.79 | $0.27 | ||
| Q3 24 | $0.67 | $-5.33 | ||
| Q2 24 | $0.77 | $0.45 |
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 | $839.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $2.1B |
| 总资产 | $13.8B | $2.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资GLPIIPGP
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $839.3M | ||
| Q3 25 | — | $870.4M | ||
| Q2 25 | — | $899.6M | ||
| Q1 25 | — | $926.9M | ||
| Q4 24 | $560.8M | $930.2M | ||
| Q3 24 | $560.8M | $1.0B | ||
| Q2 24 | $560.8M | $1.1B |
总债务GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.4B | — | ||
| Q2 24 | $6.6B | — |
股东权益GLPIIPGP
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $2.1B | ||
| Q3 25 | $4.6B | $2.1B | ||
| Q2 25 | $4.6B | $2.1B | ||
| Q1 25 | $4.2B | $2.1B | ||
| Q4 24 | $4.3B | $2.0B | ||
| Q3 24 | $4.3B | $2.1B | ||
| Q2 24 | $4.1B | $2.3B |
总资产GLPIIPGP
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.4B | ||
| Q3 25 | $12.8B | $2.4B | ||
| Q2 25 | $12.5B | $2.4B | ||
| Q1 25 | $12.1B | $2.3B | ||
| Q4 24 | $13.1B | $2.3B | ||
| Q3 24 | $12.7B | $2.4B | ||
| Q2 24 | $11.8B | $2.5B |
负债/权益比GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 1.51× | — | ||
| 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 | — | $28.8M |
| 自由现金流经营现金流 - 资本支出 | — | $10.9M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | — | 6.5% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $-3.5M |
8季度趋势，按日历期对齐
经营现金流GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $28.8M | ||
| Q3 25 | $240.3M | $35.3M | ||
| Q2 25 | $293.4M | $-2.2M | ||
| Q1 25 | $252.5M | $13.4M | ||
| Q4 24 | $1.1B | $73.8M | ||
| Q3 24 | $270.4M | $66.1M | ||
| Q2 24 | $252.1M | $53.5M |
自由现金流GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | — | $10.9M | ||
| Q3 25 | $183.0M | $14.6M | ||
| Q2 25 | $272.3M | $-17.6M | ||
| Q1 25 | $239.6M | $-11.4M | ||
| Q4 24 | $1.1B | $50.6M | ||
| Q3 24 | $261.5M | $43.0M | ||
| Q2 24 | $245.0M | $29.2M |
自由现金流率GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | 46.0% | 5.8% | ||
| Q2 25 | 69.0% | -7.0% | ||
| Q1 25 | 60.6% | -5.0% | ||
| Q4 24 | 275.3% | 21.6% | ||
| Q3 24 | 67.9% | 18.4% | ||
| Q2 24 | 64.4% | 11.3% |
资本支出强度GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | 14.4% | 8.3% | ||
| Q2 25 | 5.3% | 6.1% | ||
| Q1 25 | 3.3% | 10.9% | ||
| Q4 24 | 0.0% | 9.9% | ||
| Q3 24 | 2.3% | 9.9% | ||
| Q2 24 | 1.9% | 9.4% |
现金转化率GLPIIPGP
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 2.17× | ||
| Q3 25 | 1.00× | 4.73× | ||
| Q2 25 | 1.94× | -0.34× | ||
| Q1 25 | 1.53× | 3.58× | ||
| Q4 24 | 4.80× | 9.44× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.21× | 2.65× |
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
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
