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Gaming & Leisure Properties, Inc.（GLPI）与SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.3倍（$420.0M vs $331.3M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 0.0%，领先57.0%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs 2.2%），过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% vs -5.4%）
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。
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
GLPI vs SPWH — 直观对比
营收规模更大
GLPI
是对方的1.3倍
$331.3M
营收增速更快
GLPI
高出4.1%
2.2%
净利率更高
GLPI
高出57.0%
0.0%
两年增速更快
GLPI
近两年复合增速
-5.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $331.3M |
| 净利润 | $239.4M | $8.0K |
| 毛利率 | — | 32.8% |
| 营业利润率 | 79.4% | 1.3% |
| 净利率 | 57.0% | 0.0% |
| 营收同比 | 6.3% | 2.2% |
| 净利润同比 | 40.5% | -97.8% |
| 每股收益（稀释后） | — | $0.00 |
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GLPISPWH
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $331.3M | ||
| Q3 25 | $397.6M | $293.9M | ||
| Q2 25 | $394.9M | $249.1M | ||
| Q1 25 | $395.2M | $340.4M | ||
| Q4 24 | $389.6M | $324.3M | ||
| Q3 24 | $385.3M | $288.7M | ||
| Q2 24 | $380.6M | $244.2M |
净利润GLPISPWH
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $8.0K | ||
| Q3 25 | $241.2M | $-7.1M | ||
| Q2 25 | $151.4M | $-21.3M | ||
| Q1 25 | $165.2M | $-8.7M | ||
| Q4 24 | $223.6M | $-364.0K | ||
| Q3 24 | $184.7M | $-5.9M | ||
| Q2 24 | $208.3M | $-18.1M |
毛利率GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 30.2% |
营业利润率GLPISPWH
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 1.3% | ||
| Q3 25 | 84.8% | -1.1% | ||
| Q2 25 | 61.3% | -7.9% | ||
| Q1 25 | 65.5% | 1.1% | ||
| Q4 24 | 79.1% | 1.0% | ||
| Q3 24 | 70.4% | -1.5% | ||
| Q2 24 | 77.1% | -8.4% |
净利率GLPISPWH
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 0.0% | ||
| Q3 25 | 60.7% | -2.4% | ||
| Q2 25 | 38.4% | -8.5% | ||
| Q1 25 | 41.8% | -2.6% | ||
| Q4 24 | 57.4% | -0.1% | ||
| Q3 24 | 47.9% | -2.0% | ||
| Q2 24 | 54.7% | -7.4% |
每股收益（稀释后）GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $0.00 | ||
| Q3 25 | $0.85 | $-0.18 | ||
| Q2 25 | $0.54 | $-0.56 | ||
| Q1 25 | $0.60 | $-0.22 | ||
| Q4 24 | $0.79 | $-0.01 | ||
| Q3 24 | $0.67 | $-0.16 | ||
| Q2 24 | $0.77 | $-0.48 |
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 | $2.2M |
| 总债务越低越好 | — | $44.0M |
| 股东权益账面价值 | $5.0B | $209.5M |
| 总资产 | $13.8B | $913.9M |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资GLPISPWH
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $2.2M | ||
| Q3 25 | — | $1.8M | ||
| Q2 25 | — | $3.6M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | $560.8M | $2.7M | ||
| Q3 24 | $560.8M | $2.6M | ||
| Q2 24 | $560.8M | $2.2M |
总债务GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $44.0M | ||
| Q3 25 | $7.2B | $43.9M | ||
| Q2 25 | $6.9B | $24.1M | ||
| Q1 25 | $6.9B | $24.1M | ||
| Q4 24 | $7.7B | $24.0M | ||
| Q3 24 | $7.4B | $24.0M | ||
| Q2 24 | $6.6B | — |
股东权益GLPISPWH
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $209.5M | ||
| Q3 25 | $4.6B | $208.9M | ||
| Q2 25 | $4.6B | $215.1M | ||
| Q1 25 | $4.2B | $235.7M | ||
| Q4 24 | $4.3B | $243.6M | ||
| Q3 24 | $4.3B | $243.0M | ||
| Q2 24 | $4.1B | $247.5M |
总资产GLPISPWH
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $913.9M | ||
| Q3 25 | $12.8B | $948.9M | ||
| Q2 25 | $12.5B | $929.7M | ||
| Q1 25 | $12.1B | $852.1M | ||
| Q4 24 | $13.1B | $967.7M | ||
| Q3 24 | $12.7B | $901.9M | ||
| Q2 24 | $11.8B | $930.4M |
负债/权益比GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.21× | ||
| Q3 25 | 1.57× | 0.21× | ||
| Q2 25 | 1.51× | 0.11× | ||
| Q1 25 | 1.63× | 0.10× | ||
| Q4 24 | 1.81× | 0.10× | ||
| Q3 24 | 1.74× | 0.10× | ||
| 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 | — | $16.3M |
| 自由现金流经营现金流 - 资本支出 | — | $8.7M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | 2038.00× |
| 过去12个月自由现金流最近4个季度 | — | $-39.7M |
8季度趋势，按日历期对齐
经营现金流GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $16.3M | ||
| Q3 25 | $240.3M | $-26.6M | ||
| Q2 25 | $293.4M | $-60.2M | ||
| Q1 25 | $252.5M | $52.8M | ||
| Q4 24 | $1.1B | $-2.5M | ||
| Q3 24 | $270.4M | $18.5M | ||
| Q2 24 | $252.1M | $-34.6M |
自由现金流GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7M | ||
| Q3 25 | $183.0M | $-33.9M | ||
| Q2 25 | $272.3M | $-64.0M | ||
| Q1 25 | $239.6M | $49.6M | ||
| Q4 24 | $1.1B | $-6.2M | ||
| Q3 24 | $261.5M | $14.1M | ||
| Q2 24 | $245.0M | $-38.0M |
自由现金流率GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | 46.0% | -11.5% | ||
| Q2 25 | 69.0% | -25.7% | ||
| Q1 25 | 60.6% | 14.6% | ||
| Q4 24 | 275.3% | -1.9% | ||
| Q3 24 | 67.9% | 4.9% | ||
| Q2 24 | 64.4% | -15.5% |
资本支出强度GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 14.4% | 2.5% | ||
| Q2 25 | 5.3% | 1.5% | ||
| Q1 25 | 3.3% | 1.0% | ||
| Q4 24 | 0.0% | 1.1% | ||
| Q3 24 | 2.3% | 1.5% | ||
| Q2 24 | 1.9% | 1.4% |
现金转化率GLPISPWH
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 2038.00× | ||
| 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
