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Gaming & Leisure Properties, Inc.（GLPI）与巴诺书店（NE）财务数据对比。点击上方公司名可切换其他公司
巴诺书店的季度营收约是Gaming & Leisure Properties, Inc.的1.8倍（$764.4M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 11.3%，领先45.7%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs -17.6%），过去两年巴诺书店的营收复合增速更高（9.5% 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。
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
GLPI vs NE — 直观对比
营收规模更大
NE
是对方的1.8倍
$420.0M
营收增速更快
GLPI
高出23.8%
-17.6%
净利率更高
GLPI
高出45.7%
11.3%
两年增速更快
NE
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $764.4M |
| 净利润 | $239.4M | $86.6M |
| 毛利率 | — | — |
| 营业利润率 | 79.4% | 5.6% |
| 净利率 | 57.0% | 11.3% |
| 营收同比 | 6.3% | -17.6% |
| 净利润同比 | 40.5% | -10.4% |
| 每股收益（稀释后） | — | $0.54 |
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GLPINE
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $764.4M | ||
| Q3 25 | $397.6M | $798.0M | ||
| Q2 25 | $394.9M | $848.7M | ||
| Q1 25 | $395.2M | $874.5M | ||
| Q4 24 | $389.6M | $927.3M | ||
| Q3 24 | $385.3M | $800.5M | ||
| Q2 24 | $380.6M | $692.8M |
净利润GLPINE
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $86.6M | ||
| Q3 25 | $241.2M | $-21.1M | ||
| Q2 25 | $151.4M | $42.9M | ||
| Q1 25 | $165.2M | $108.3M | ||
| Q4 24 | $223.6M | $96.6M | ||
| Q3 24 | $184.7M | $61.2M | ||
| Q2 24 | $208.3M | $195.0M |
营业利润率GLPINE
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 5.6% | ||
| Q3 25 | 84.8% | 6.3% | ||
| Q2 25 | 61.3% | 15.9% | ||
| Q1 25 | 65.5% | 21.4% | ||
| Q4 24 | 79.1% | 18.4% | ||
| Q3 24 | 70.4% | 14.4% | ||
| Q2 24 | 77.1% | 30.3% |
净利率GLPINE
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 11.3% | ||
| Q3 25 | 60.7% | -2.6% | ||
| Q2 25 | 38.4% | 5.1% | ||
| Q1 25 | 41.8% | 12.4% | ||
| Q4 24 | 57.4% | 10.4% | ||
| Q3 24 | 47.9% | 7.6% | ||
| Q2 24 | 54.7% | 28.1% |
每股收益（稀释后）GLPINE
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.54 | ||
| Q3 25 | $0.85 | $-0.13 | ||
| Q2 25 | $0.54 | $0.27 | ||
| Q1 25 | $0.60 | $0.67 | ||
| Q4 24 | $0.79 | $0.56 | ||
| Q3 24 | $0.67 | $0.40 | ||
| Q2 24 | $0.77 | $1.34 |
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 | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $4.5B |
| 总资产 | $13.8B | $7.5B |
| 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GLPINE
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $477.9M | ||
| Q2 25 | — | $338.2M | ||
| Q1 25 | — | $303.8M | ||
| Q4 24 | $560.8M | $247.3M | ||
| Q3 24 | $560.8M | $391.9M | ||
| Q2 24 | $560.8M | $162.9M |
总债务GLPINE
| 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GLPINE
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $4.5B | ||
| Q3 25 | $4.6B | $4.5B | ||
| Q2 25 | $4.6B | $4.6B | ||
| Q1 25 | $4.2B | $4.7B | ||
| Q4 24 | $4.3B | $4.7B | ||
| Q3 24 | $4.3B | $4.7B | ||
| Q2 24 | $4.1B | $4.0B |
总资产GLPINE
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $7.5B | ||
| Q3 25 | $12.8B | $7.6B | ||
| Q2 25 | $12.5B | $7.7B | ||
| Q1 25 | $12.1B | $7.9B | ||
| Q4 24 | $13.1B | $8.0B | ||
| Q3 24 | $12.7B | $8.0B | ||
| Q2 24 | $11.8B | $5.6B |
负债/权益比GLPINE
| 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 | — | $187.1M |
| 自由现金流经营现金流 - 资本支出 | — | $35.4M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | — | 19.9% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $432.2M |
8季度趋势，按日历期对齐
经营现金流GLPINE
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $187.1M | ||
| Q3 25 | $240.3M | $277.1M | ||
| Q2 25 | $293.4M | $216.4M | ||
| Q1 25 | $252.5M | $271.1M | ||
| Q4 24 | $1.1B | $136.2M | ||
| Q3 24 | $270.4M | $283.8M | ||
| Q2 24 | $252.1M | $106.8M |
自由现金流GLPINE
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4M | ||
| Q3 25 | $183.0M | $139.5M | ||
| Q2 25 | $272.3M | $99.8M | ||
| Q1 25 | $239.6M | $157.5M | ||
| Q4 24 | $1.1B | $-4.4M | ||
| Q3 24 | $261.5M | $156.8M | ||
| Q2 24 | $245.0M | $-34.3M |
自由现金流率GLPINE
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 46.0% | 17.5% | ||
| Q2 25 | 69.0% | 11.8% | ||
| Q1 25 | 60.6% | 18.0% | ||
| Q4 24 | 275.3% | -0.5% | ||
| Q3 24 | 67.9% | 19.6% | ||
| Q2 24 | 64.4% | -4.9% |
资本支出强度GLPINE
| Q1 26 | — | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | 14.4% | 17.3% | ||
| Q2 25 | 5.3% | 13.7% | ||
| Q1 25 | 3.3% | 13.0% | ||
| Q4 24 | 0.0% | 15.2% | ||
| Q3 24 | 2.3% | 15.9% | ||
| Q2 24 | 1.9% | 20.4% |
现金转化率GLPINE
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 2.16× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | 5.05× | ||
| Q1 25 | 1.53× | 2.50× | ||
| Q4 24 | 4.80× | 1.41× | ||
| Q3 24 | 1.46× | 4.64× | ||
| Q2 24 | 1.21× | 0.55× |
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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
