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Gaming & Leisure Properties, Inc.（GLPI）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
PTC Inc.的季度营收约是Gaming & Leisure Properties, Inc.的1.6倍（$685.8M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 24.3%，领先32.7%），PTC Inc.同比增速更快（21.4% vs 6.3%），过去两年PTC Inc.的营收复合增速更高（6.6% 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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
GLPI vs PTC — 直观对比
营收规模更大
PTC
是对方的1.6倍
$420.0M
营收增速更快
PTC
高出15.1%
6.3%
净利率更高
GLPI
高出32.7%
24.3%
两年增速更快
PTC
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $685.8M |
| 净利润 | $239.4M | $166.5M |
| 毛利率 | — | 82.8% |
| 营业利润率 | 79.4% | 32.2% |
| 净利率 | 57.0% | 24.3% |
| 营收同比 | 6.3% | 21.4% |
| 净利润同比 | 40.5% | 102.5% |
| 每股收益（稀释后） | — | $1.39 |
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GLPIPTC
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $685.8M | ||
| Q3 25 | $397.6M | $893.8M | ||
| Q2 25 | $394.9M | $643.9M | ||
| Q1 25 | $395.2M | $636.4M | ||
| Q4 24 | $389.6M | $565.1M | ||
| Q3 24 | $385.3M | $626.5M | ||
| Q2 24 | $380.6M | $518.6M |
净利润GLPIPTC
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $166.5M | ||
| Q3 25 | $241.2M | $347.8M | ||
| Q2 25 | $151.4M | $141.3M | ||
| Q1 25 | $165.2M | $162.6M | ||
| Q4 24 | $223.6M | $82.2M | ||
| Q3 24 | $184.7M | $126.5M | ||
| Q2 24 | $208.3M | $69.0M |
毛利率GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | — | 82.8% | ||
| Q3 25 | — | 86.9% | ||
| Q2 25 | — | 82.9% | ||
| Q1 25 | — | 83.3% | ||
| Q4 24 | — | 80.2% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 78.4% |
营业利润率GLPIPTC
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 32.2% | ||
| Q3 25 | 84.8% | 48.5% | ||
| Q2 25 | 61.3% | 32.6% | ||
| Q1 25 | 65.5% | 35.1% | ||
| Q4 24 | 79.1% | 20.4% | ||
| Q3 24 | 70.4% | 31.0% | ||
| Q2 24 | 77.1% | 18.5% |
净利率GLPIPTC
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 24.3% | ||
| Q3 25 | 60.7% | 38.9% | ||
| Q2 25 | 38.4% | 21.9% | ||
| Q1 25 | 41.8% | 25.6% | ||
| Q4 24 | 57.4% | 14.6% | ||
| Q3 24 | 47.9% | 20.2% | ||
| Q2 24 | 54.7% | 13.3% |
每股收益（稀释后）GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $1.39 | ||
| Q3 25 | $0.85 | $2.88 | ||
| Q2 25 | $0.54 | $1.17 | ||
| Q1 25 | $0.60 | $1.35 | ||
| Q4 24 | $0.79 | $0.68 | ||
| Q3 24 | $0.67 | $1.05 | ||
| Q2 24 | $0.77 | $0.57 |
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 | $209.7M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $5.0B | $3.8B |
| 总资产 | $13.8B | $6.4B |
| 负债/权益比越低杠杆越低 | — | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资GLPIPTC
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $209.7M | ||
| Q3 25 | — | $184.4M | ||
| Q2 25 | — | $199.3M | ||
| Q1 25 | — | $235.2M | ||
| Q4 24 | $560.8M | $196.3M | ||
| Q3 24 | $560.8M | $265.8M | ||
| Q2 24 | $560.8M | $247.7M |
总债务GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $1.2B | ||
| Q3 25 | $7.2B | $1.2B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $6.9B | $1.4B | ||
| Q4 24 | $7.7B | $1.0B | ||
| Q3 24 | $7.4B | $1.2B | ||
| Q2 24 | $6.6B | $1.3B |
股东权益GLPIPTC
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $3.8B | ||
| Q3 25 | $4.6B | $3.8B | ||
| Q2 25 | $4.6B | $3.5B | ||
| Q1 25 | $4.2B | $3.4B | ||
| Q4 24 | $4.3B | $3.2B | ||
| Q3 24 | $4.3B | $3.2B | ||
| Q2 24 | $4.1B | $3.0B |
总资产GLPIPTC
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $6.4B | ||
| Q3 25 | $12.8B | $6.6B | ||
| Q2 25 | $12.5B | $6.2B | ||
| Q1 25 | $12.1B | $6.2B | ||
| Q4 24 | $13.1B | $6.1B | ||
| Q3 24 | $12.7B | $6.4B | ||
| Q2 24 | $11.8B | $6.1B |
负债/权益比GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.31× | ||
| Q3 25 | 1.57× | 0.31× | ||
| Q2 25 | 1.51× | 0.34× | ||
| Q1 25 | 1.63× | 0.40× | ||
| Q4 24 | 1.81× | 0.32× | ||
| Q3 24 | 1.74× | 0.38× | ||
| Q2 24 | 1.60× | 0.43× |
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 | — | $269.7M |
| 自由现金流经营现金流 - 资本支出 | — | $267.4M |
| 自由现金流率自由现金流/营收 | — | 39.0% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.62× |
| 过去12个月自由现金流最近4个季度 | — | $888.4M |
8季度趋势，按日历期对齐
经营现金流GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $269.7M | ||
| Q3 25 | $240.3M | $104.0M | ||
| Q2 25 | $293.4M | $243.9M | ||
| Q1 25 | $252.5M | $281.3M | ||
| Q4 24 | $1.1B | $238.4M | ||
| Q3 24 | $270.4M | $98.1M | ||
| Q2 24 | $252.1M | $213.8M |
自由现金流GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | — | $267.4M | ||
| Q3 25 | $183.0M | $100.5M | ||
| Q2 25 | $272.3M | $242.0M | ||
| Q1 25 | $239.6M | $278.5M | ||
| Q4 24 | $1.1B | $235.7M | ||
| Q3 24 | $261.5M | $93.6M | ||
| Q2 24 | $245.0M | $212.2M |
自由现金流率GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | — | 39.0% | ||
| Q3 25 | 46.0% | 11.2% | ||
| Q2 25 | 69.0% | 37.6% | ||
| Q1 25 | 60.6% | 43.8% | ||
| Q4 24 | 275.3% | 41.7% | ||
| Q3 24 | 67.9% | 14.9% | ||
| Q2 24 | 64.4% | 40.9% |
资本支出强度GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | 14.4% | 0.4% | ||
| Q2 25 | 5.3% | 0.3% | ||
| Q1 25 | 3.3% | 0.4% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 2.3% | 0.7% | ||
| Q2 24 | 1.9% | 0.3% |
现金转化率GLPIPTC
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.62× | ||
| Q3 25 | 1.00× | 0.30× | ||
| Q2 25 | 1.94× | 1.73× | ||
| Q1 25 | 1.53× | 1.73× | ||
| Q4 24 | 4.80× | 2.90× | ||
| Q3 24 | 1.46× | 0.78× | ||
| Q2 24 | 1.21× | 3.10× |
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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
