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Gaming & Leisure Properties, Inc.（GLPI）与PLUG POWER INC（PLUG）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PLUG POWER INC的1.9倍（$420.0M vs $225.2M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs -375.6%，领先432.6%），PLUG POWER INC同比增速更快（17.6% vs 6.3%），过去两年PLUG POWER INC的营收复合增速更高（36.8% 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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
GLPI vs PLUG — 直观对比
营收规模更大
GLPI
是对方的1.9倍
$225.2M
营收增速更快
PLUG
高出11.4%
6.3%
净利率更高
GLPI
高出432.6%
-375.6%
两年增速更快
PLUG
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $225.2M |
| 净利润 | $239.4M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 79.4% | -338.9% |
| 净利率 | 57.0% | -375.6% |
| 营收同比 | 6.3% | 17.6% |
| 净利润同比 | 40.5% | 36.7% |
| 每股收益（稀释后） | — | $-0.70 |
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GLPIPLUG
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $225.2M | ||
| Q3 25 | $397.6M | $177.1M | ||
| Q2 25 | $394.9M | $174.0M | ||
| Q1 25 | $395.2M | $133.7M | ||
| Q4 24 | $389.6M | $191.5M | ||
| Q3 24 | $385.3M | $173.7M | ||
| Q2 24 | $380.6M | $143.3M |
净利润GLPIPLUG
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-846.0M | ||
| Q3 25 | $241.2M | $-361.9M | ||
| Q2 25 | $151.4M | $-227.1M | ||
| Q1 25 | $165.2M | $-196.7M | ||
| Q4 24 | $223.6M | $-1.3B | ||
| Q3 24 | $184.7M | $-211.2M | ||
| Q2 24 | $208.3M | $-262.3M |
毛利率GLPIPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% |
营业利润率GLPIPLUG
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | -338.9% | ||
| Q3 25 | 84.8% | -197.0% | ||
| Q2 25 | 61.3% | -101.7% | ||
| Q1 25 | 65.5% | -133.5% | ||
| Q4 24 | 79.1% | -678.7% | ||
| Q3 24 | 70.4% | -124.4% | ||
| Q2 24 | 77.1% | -170.7% |
净利率GLPIPLUG
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -375.6% | ||
| Q3 25 | 60.7% | -204.4% | ||
| Q2 25 | 38.4% | -130.5% | ||
| Q1 25 | 41.8% | -147.1% | ||
| Q4 24 | 57.4% | -697.5% | ||
| Q3 24 | 47.9% | -121.5% | ||
| Q2 24 | 54.7% | -183.0% |
每股收益（稀释后）GLPIPLUG
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-0.70 | ||
| Q3 25 | $0.85 | $-0.31 | ||
| Q2 25 | $0.54 | $-0.20 | ||
| Q1 25 | $0.60 | $-0.21 | ||
| Q4 24 | $0.79 | $-1.61 | ||
| Q3 24 | $0.67 | $-0.25 | ||
| Q2 24 | $0.77 | $-0.36 |
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 | $368.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $978.1M |
| 总资产 | $13.8B | $2.6B |
| 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GLPIPLUG
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $368.5M | ||
| Q3 25 | — | $165.9M | ||
| Q2 25 | — | $140.7M | ||
| Q1 25 | — | $295.8M | ||
| Q4 24 | $560.8M | $205.7M | ||
| Q3 24 | $560.8M | $93.9M | ||
| Q2 24 | $560.8M | $62.4M |
总债务GLPIPLUG
| 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 | $3.9M | ||
| Q2 24 | $6.6B | $3.7M |
股东权益GLPIPLUG
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $978.1M | ||
| Q3 25 | $4.6B | $1.4B | ||
| Q2 25 | $4.6B | $1.7B | ||
| Q1 25 | $4.2B | $1.9B | ||
| Q4 24 | $4.3B | $1.7B | ||
| Q3 24 | $4.3B | $3.0B | ||
| Q2 24 | $4.1B | $3.0B |
总资产GLPIPLUG
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.6B | ||
| Q3 25 | $12.8B | $3.1B | ||
| Q2 25 | $12.5B | $3.4B | ||
| Q1 25 | $12.1B | $3.6B | ||
| Q4 24 | $13.1B | $3.6B | ||
| Q3 24 | $12.7B | $4.7B | ||
| Q2 24 | $11.8B | $4.8B |
负债/权益比GLPIPLUG
| 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× | 0.00× | ||
| Q2 24 | 1.60× | 0.00× |
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 | — | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-153.0M |
| 自由现金流率自由现金流/营收 | — | -67.9% |
| 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 | — | $-647.0M |
8季度趋势，按日历期对齐
经营现金流GLPIPLUG
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-148.6M | ||
| Q3 25 | $240.3M | $-89.8M | ||
| Q2 25 | $293.4M | $-191.8M | ||
| Q1 25 | $252.5M | $-105.6M | ||
| Q4 24 | $1.1B | $-131.2M | ||
| Q3 24 | $270.4M | $-174.9M | ||
| Q2 24 | $252.1M | $-254.7M |
自由现金流GLPIPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | $-153.0M | ||
| Q3 25 | $183.0M | $-117.5M | ||
| Q2 25 | $272.3M | $-230.4M | ||
| Q1 25 | $239.6M | $-146.0M | ||
| Q4 24 | $1.1B | $-165.2M | ||
| Q3 24 | $261.5M | $-234.2M | ||
| Q2 24 | $245.0M | $-356.0M |
自由现金流率GLPIPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | -67.9% | ||
| Q3 25 | 46.0% | -66.4% | ||
| Q2 25 | 69.0% | -132.5% | ||
| Q1 25 | 60.6% | -109.2% | ||
| Q4 24 | 275.3% | -86.3% | ||
| Q3 24 | 67.9% | -134.8% | ||
| Q2 24 | 64.4% | -248.4% |
资本支出强度GLPIPLUG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.9% | ||
| Q3 25 | 14.4% | 15.6% | ||
| Q2 25 | 5.3% | 22.2% | ||
| Q1 25 | 3.3% | 30.3% | ||
| Q4 24 | 0.0% | 17.7% | ||
| Q3 24 | 2.3% | 34.1% | ||
| Q2 24 | 1.9% | 70.7% |
现金转化率GLPIPLUG
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | — | ||
| 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
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
