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Gaming & Leisure Properties, Inc.（GLPI）与SUBURBAN PROPANE PARTNERS LP（SPH）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SUBURBAN PROPANE PARTNERS LP的1.1倍（$420.0M vs $370.4M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 12.4%，领先44.6%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs -0.8%），过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
GLPI vs SPH — 直观对比
营收规模更大
GLPI
是对方的1.1倍
$370.4M
营收增速更快
GLPI
高出7.1%
-0.8%
净利率更高
GLPI
高出44.6%
12.4%
两年增速更快
GLPI
近两年复合增速
-13.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $370.4M |
| 净利润 | $239.4M | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | 79.4% | 18.3% |
| 净利率 | 57.0% | 12.4% |
| 营收同比 | 6.3% | -0.8% |
| 净利润同比 | 40.5% | 135.7% |
| 每股收益（稀释后） | — | $0.69 |
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GLPISPH
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $370.4M | ||
| Q3 25 | $397.6M | $211.4M | ||
| Q2 25 | $394.9M | $260.1M | ||
| Q1 25 | $395.2M | $587.7M | ||
| Q4 24 | $389.6M | $373.3M | ||
| Q3 24 | $385.3M | $208.6M | ||
| Q2 24 | $380.6M | $254.6M |
净利润GLPISPH
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $45.8M | ||
| Q3 25 | $241.2M | $-35.1M | ||
| Q2 25 | $151.4M | $-14.8M | ||
| Q1 25 | $165.2M | $137.1M | ||
| Q4 24 | $223.6M | $19.4M | ||
| Q3 24 | $184.7M | $-44.6M | ||
| Q2 24 | $208.3M | $-17.2M |
毛利率GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 61.7% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 60.6% | ||
| Q3 24 | — | 59.4% | ||
| Q2 24 | — | 62.9% |
营业利润率GLPISPH
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 18.3% | ||
| Q3 25 | 84.8% | -7.9% | ||
| Q2 25 | 61.3% | 2.1% | ||
| Q1 25 | 65.5% | 27.0% | ||
| Q4 24 | 79.1% | 15.8% | ||
| Q3 24 | 70.4% | -10.8% | ||
| Q2 24 | 77.1% | 3.2% |
净利率GLPISPH
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 12.4% | ||
| Q3 25 | 60.7% | -16.6% | ||
| Q2 25 | 38.4% | -5.7% | ||
| Q1 25 | 41.8% | 23.3% | ||
| Q4 24 | 57.4% | 5.2% | ||
| Q3 24 | 47.9% | -21.4% | ||
| Q2 24 | 54.7% | -6.8% |
每股收益（稀释后）GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.69 | ||
| Q3 25 | $0.85 | $-0.55 | ||
| Q2 25 | $0.54 | $-0.23 | ||
| Q1 25 | $0.60 | $2.10 | ||
| Q4 24 | $0.79 | $0.30 | ||
| Q3 24 | $0.67 | $-0.69 | ||
| Q2 24 | $0.77 | $-0.27 |
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 | $1.3M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $5.0B | — |
| 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GLPISPH
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $405.0K | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | $560.8M | $4.4M | ||
| Q3 24 | $560.8M | $3.2M | ||
| Q2 24 | $560.8M | $4.9M |
总债务GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $1.3B | ||
| Q3 25 | $7.2B | $1.2B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $6.9B | $1.3B | ||
| Q4 24 | $7.7B | $1.3B | ||
| Q3 24 | $7.4B | $1.2B | ||
| Q2 24 | $6.6B | $1.2B |
股东权益GLPISPH
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.6B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.1B | — |
总资产GLPISPH
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.4B | ||
| Q3 25 | $12.8B | $2.3B | ||
| Q2 25 | $12.5B | $2.3B | ||
| Q1 25 | $12.1B | $2.4B | ||
| Q4 24 | $13.1B | $2.4B | ||
| Q3 24 | $12.7B | $2.3B | ||
| Q2 24 | $11.8B | $2.3B |
负债/权益比GLPISPH
| 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 | — | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.5M |
| 自由现金流率自由现金流/营收 | — | -18.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | — | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-47.7M | ||
| Q3 25 | $240.3M | $41.8M | ||
| Q2 25 | $293.4M | $95.5M | ||
| Q1 25 | $252.5M | $40.1M | ||
| Q4 24 | $1.1B | $8.8M | ||
| Q3 24 | $270.4M | $36.8M | ||
| Q2 24 | $252.1M | $61.4M |
自由现金流GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | — | $-67.5M | ||
| Q3 25 | $183.0M | $27.7M | ||
| Q2 25 | $272.3M | $80.9M | ||
| Q1 25 | $239.6M | $20.8M | ||
| Q4 24 | $1.1B | $-15.1M | ||
| Q3 24 | $261.5M | $17.7M | ||
| Q2 24 | $245.0M | $46.8M |
自由现金流率GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | — | -18.2% | ||
| Q3 25 | 46.0% | 13.1% | ||
| Q2 25 | 69.0% | 31.1% | ||
| Q1 25 | 60.6% | 3.5% | ||
| Q4 24 | 275.3% | -4.0% | ||
| Q3 24 | 67.9% | 8.5% | ||
| Q2 24 | 64.4% | 18.4% |
资本支出强度GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | 14.4% | 6.7% | ||
| Q2 25 | 5.3% | 5.6% | ||
| Q1 25 | 3.3% | 3.3% | ||
| Q4 24 | 0.0% | 6.4% | ||
| Q3 24 | 2.3% | 9.1% | ||
| Q2 24 | 1.9% | 5.8% |
现金转化率GLPISPH
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | -1.04× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.94× | — | ||
| Q1 25 | 1.53× | 0.29× | ||
| Q4 24 | 4.80× | 0.45× | ||
| 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
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
