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Gaming & Leisure Properties, Inc.（GLPI）与Life Time Group Holdings, Inc.（LTH）财务数据对比。点击上方公司名可切换其他公司
Life Time Group Holdings, Inc.的季度营收约是Gaming & Leisure Properties, Inc.的1.8倍（$745.1M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 16.5%，领先40.5%），Life Time Group Holdings, Inc.同比增速更快（12.3% vs 6.3%），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（11.7% 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。
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
GLPI vs LTH — 直观对比
营收规模更大
LTH
是对方的1.8倍
$420.0M
营收增速更快
LTH
高出6.1%
6.3%
净利率更高
GLPI
高出40.5%
16.5%
两年增速更快
LTH
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $745.1M |
| 净利润 | $239.4M | $123.0M |
| 毛利率 | — | 49.1% |
| 营业利润率 | 79.4% | 17.4% |
| 净利率 | 57.0% | 16.5% |
| 营收同比 | 6.3% | 12.3% |
| 净利润同比 | 40.5% | 231.0% |
| 每股收益（稀释后） | — | $0.55 |
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GLPILTH
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $745.1M | ||
| Q3 25 | $397.6M | $782.6M | ||
| Q2 25 | $394.9M | $761.5M | ||
| Q1 25 | $395.2M | $706.0M | ||
| Q4 24 | $389.6M | $663.3M | ||
| Q3 24 | $385.3M | $693.2M | ||
| Q2 24 | $380.6M | $667.8M |
净利润GLPILTH
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $123.0M | ||
| Q3 25 | $241.2M | $102.4M | ||
| Q2 25 | $151.4M | $72.1M | ||
| Q1 25 | $165.2M | $76.1M | ||
| Q4 24 | $223.6M | $37.2M | ||
| Q3 24 | $184.7M | $41.4M | ||
| Q2 24 | $208.3M | $52.8M |
毛利率GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | — | 49.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 47.0% | ||
| Q1 25 | — | 47.5% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 46.5% | ||
| Q2 24 | — | 46.8% |
营业利润率GLPILTH
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 17.4% | ||
| Q3 25 | 84.8% | 17.3% | ||
| Q2 25 | 61.3% | 14.2% | ||
| Q1 25 | 65.5% | 15.2% | ||
| Q4 24 | 79.1% | 13.1% | ||
| Q3 24 | 70.4% | 13.5% | ||
| Q2 24 | 77.1% | 15.7% |
净利率GLPILTH
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 16.5% | ||
| Q3 25 | 60.7% | 13.1% | ||
| Q2 25 | 38.4% | 9.5% | ||
| Q1 25 | 41.8% | 10.8% | ||
| Q4 24 | 57.4% | 5.6% | ||
| Q3 24 | 47.9% | 6.0% | ||
| Q2 24 | 54.7% | 7.9% |
每股收益（稀释后）GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.55 | ||
| Q3 25 | $0.85 | $0.45 | ||
| Q2 25 | $0.54 | $0.32 | ||
| Q1 25 | $0.60 | $0.34 | ||
| Q4 24 | $0.79 | $0.17 | ||
| Q3 24 | $0.67 | $0.19 | ||
| Q2 24 | $0.77 | $0.26 |
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 | $204.8M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $5.0B | $3.1B |
| 总资产 | $13.8B | $8.0B |
| 负债/权益比越低杠杆越低 | — | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资GLPILTH
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $204.8M | ||
| Q3 25 | — | $218.9M | ||
| Q2 25 | — | $175.5M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | $560.8M | $10.9M | ||
| Q3 24 | $560.8M | $120.9M | ||
| Q2 24 | $560.8M | $34.5M |
总债务GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $1.5B | ||
| Q3 25 | $7.2B | $1.5B | ||
| Q2 25 | $6.9B | $1.5B | ||
| Q1 25 | $6.9B | $1.5B | ||
| Q4 24 | $7.7B | $1.5B | ||
| Q3 24 | $7.4B | $1.7B | ||
| Q2 24 | $6.6B | $1.8B |
股东权益GLPILTH
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $3.1B | ||
| Q3 25 | $4.6B | $3.0B | ||
| Q2 25 | $4.6B | $2.9B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.3B | $2.6B | ||
| Q3 24 | $4.3B | $2.6B | ||
| Q2 24 | $4.1B | $2.4B |
总资产GLPILTH
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $8.0B | ||
| Q3 25 | $12.8B | $7.8B | ||
| Q2 25 | $12.5B | $7.6B | ||
| Q1 25 | $12.1B | $7.3B | ||
| Q4 24 | $13.1B | $7.2B | ||
| Q3 24 | $12.7B | $7.2B | ||
| Q2 24 | $11.8B | $7.1B |
负债/权益比GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.48× | ||
| Q3 25 | 1.57× | 0.51× | ||
| Q2 25 | 1.51× | 0.53× | ||
| Q1 25 | 1.63× | 0.56× | ||
| Q4 24 | 1.81× | 0.59× | ||
| Q3 24 | 1.74× | 0.64× | ||
| Q2 24 | 1.60× | 0.78× |
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 | — | $239.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-64.6M |
| 自由现金流率自由现金流/营收 | — | -8.7% |
| 资本支出强度资本支出/营收 | — | 40.9% |
| 现金转化率经营现金流/净利润 | — | 1.95× |
| 过去12个月自由现金流最近4个季度 | — | $-21.0M |
8季度趋势，按日历期对齐
经营现金流GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $239.9M | ||
| Q3 25 | $240.3M | $251.1M | ||
| Q2 25 | $293.4M | $195.7M | ||
| Q1 25 | $252.5M | $183.9M | ||
| Q4 24 | $1.1B | $163.1M | ||
| Q3 24 | $270.4M | $151.1M | ||
| Q2 24 | $252.1M | $170.4M |
自由现金流GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | — | $-64.6M | ||
| Q3 25 | $183.0M | $28.6M | ||
| Q2 25 | $272.3M | $-26.3M | ||
| Q1 25 | $239.6M | $41.4M | ||
| Q4 24 | $1.1B | $26.8M | ||
| Q3 24 | $261.5M | $64.0M | ||
| Q2 24 | $245.0M | $26.1M |
自由现金流率GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | — | -8.7% | ||
| Q3 25 | 46.0% | 3.7% | ||
| Q2 25 | 69.0% | -3.5% | ||
| Q1 25 | 60.6% | 5.9% | ||
| Q4 24 | 275.3% | 4.0% | ||
| Q3 24 | 67.9% | 9.2% | ||
| Q2 24 | 64.4% | 3.9% |
资本支出强度GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | — | 40.9% | ||
| Q3 25 | 14.4% | 28.4% | ||
| Q2 25 | 5.3% | 29.2% | ||
| Q1 25 | 3.3% | 20.2% | ||
| Q4 24 | 0.0% | 20.6% | ||
| Q3 24 | 2.3% | 12.6% | ||
| Q2 24 | 1.9% | 21.6% |
现金转化率GLPILTH
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.95× | ||
| Q3 25 | 1.00× | 2.45× | ||
| Q2 25 | 1.94× | 2.71× | ||
| Q1 25 | 1.53× | 2.41× | ||
| Q4 24 | 4.80× | 4.39× | ||
| Q3 24 | 1.46× | 3.65× | ||
| Q2 24 | 1.21× | 3.23× |
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
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
