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Gaming & Leisure Properties, Inc.（GLPI）与USA Compression Partners, LP（USAC）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USA Compression Partners, LP的1.7倍（$420.0M vs $252.5M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 11.0%，领先46.0%），Gaming & Leisure Properties, Inc.同比增速更快（6.3% vs 2.7%），过去两年Gaming & Leisure Properties, Inc.的营收复合增速更高（5.0% vs 4.9%）
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。
USA Compression Partners, LP是一家总部位于美国的天然气压缩服务供应商，服务覆盖油气行业上游、中游及下游领域，提供定制化压缩系统、设备维护与运营支持，助力天然气生产、加工和运输环节高效运转。
GLPI vs USAC — 直观对比
营收规模更大
GLPI
是对方的1.7倍
$252.5M
营收增速更快
GLPI
高出3.6%
2.7%
净利率更高
GLPI
高出46.0%
11.0%
两年增速更快
GLPI
近两年复合增速
4.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $252.5M |
| 净利润 | $239.4M | $27.8M |
| 毛利率 | — | — |
| 营业利润率 | 79.4% | 30.3% |
| 净利率 | 57.0% | 11.0% |
| 营收同比 | 6.3% | 2.7% |
| 净利润同比 | 40.5% | 9.1% |
| 每股收益（稀释后） | — | — |
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GLPIUSAC
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $252.5M | ||
| Q3 25 | $397.6M | $250.3M | ||
| Q2 25 | $394.9M | $250.1M | ||
| Q1 25 | $395.2M | $245.2M | ||
| Q4 24 | $389.6M | $245.9M | ||
| Q3 24 | $385.3M | $240.0M | ||
| Q2 24 | $380.6M | $235.3M |
净利润GLPIUSAC
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $27.8M | ||
| Q3 25 | $241.2M | $34.5M | ||
| Q2 25 | $151.4M | $28.6M | ||
| Q1 25 | $165.2M | $20.5M | ||
| Q4 24 | $223.6M | $25.4M | ||
| Q3 24 | $184.7M | $19.3M | ||
| Q2 24 | $208.3M | $31.2M |
营业利润率GLPIUSAC
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 30.3% | ||
| Q3 25 | 84.8% | 33.5% | ||
| Q2 25 | 61.3% | 30.6% | ||
| Q1 25 | 65.5% | 28.3% | ||
| Q4 24 | 79.1% | 30.3% | ||
| Q3 24 | 70.4% | 31.5% | ||
| Q2 24 | 77.1% | 32.9% |
净利率GLPIUSAC
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 11.0% | ||
| Q3 25 | 60.7% | 13.8% | ||
| Q2 25 | 38.4% | 11.4% | ||
| Q1 25 | 41.8% | 8.4% | ||
| Q4 24 | 57.4% | 10.3% | ||
| Q3 24 | 47.9% | 8.1% | ||
| Q2 24 | 54.7% | 13.3% |
每股收益（稀释后）GLPIUSAC
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | — | ||
| Q3 25 | $0.85 | — | ||
| Q2 25 | $0.54 | — | ||
| Q1 25 | $0.60 | — | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.67 | — | ||
| Q2 24 | $0.77 | — |
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 | $8.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $5.0B | — |
| 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GLPIUSAC
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $8.6M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0K | ||
| Q1 25 | — | $2.0K | ||
| Q4 24 | $560.8M | $14.0K | ||
| Q3 24 | $560.8M | $79.0K | ||
| Q2 24 | $560.8M | $9.0K |
总债务GLPIUSAC
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $2.5B | ||
| Q3 25 | $7.2B | $2.5B | ||
| Q2 25 | $6.9B | $2.5B | ||
| Q1 25 | $6.9B | $2.5B | ||
| Q4 24 | $7.7B | $2.5B | ||
| Q3 24 | $7.4B | $2.5B | ||
| Q2 24 | $6.6B | $2.5B |
股东权益GLPIUSAC
| 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GLPIUSAC
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $2.6B | ||
| Q3 25 | $12.8B | $2.7B | ||
| Q2 25 | $12.5B | $2.7B | ||
| Q1 25 | $12.1B | $2.7B | ||
| Q4 24 | $13.1B | $2.7B | ||
| Q3 24 | $12.7B | $2.8B | ||
| Q2 24 | $11.8B | $2.8B |
负债/权益比GLPIUSAC
| 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 | — | $139.5M |
| 自由现金流经营现金流 - 资本支出 | — | $87.7M |
| 自由现金流率自由现金流/营收 | — | 34.8% |
| 资本支出强度资本支出/营收 | — | 20.5% |
| 现金转化率经营现金流/净利润 | — | 5.02× |
| 过去12个月自由现金流最近4个季度 | — | $277.0M |
8季度趋势，按日历期对齐
经营现金流GLPIUSAC
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $139.5M | ||
| Q3 25 | $240.3M | $75.9M | ||
| Q2 25 | $293.4M | $124.2M | ||
| Q1 25 | $252.5M | $54.7M | ||
| Q4 24 | $1.1B | $130.2M | ||
| Q3 24 | $270.4M | $48.5M | ||
| Q2 24 | $252.1M | $96.7M |
自由现金流GLPIUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | $87.7M | ||
| Q3 25 | $183.0M | $51.9M | ||
| Q2 25 | $272.3M | $101.1M | ||
| Q1 25 | $239.6M | $36.3M | ||
| Q4 24 | $1.1B | $101.2M | ||
| Q3 24 | $261.5M | $19.8M | ||
| Q2 24 | $245.0M | $48.2M |
自由现金流率GLPIUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | 34.8% | ||
| Q3 25 | 46.0% | 20.7% | ||
| Q2 25 | 69.0% | 40.4% | ||
| Q1 25 | 60.6% | 14.8% | ||
| Q4 24 | 275.3% | 41.1% | ||
| Q3 24 | 67.9% | 8.2% | ||
| Q2 24 | 64.4% | 20.5% |
资本支出强度GLPIUSAC
| Q1 26 | — | — | ||
| Q4 25 | — | 20.5% | ||
| Q3 25 | 14.4% | 9.6% | ||
| Q2 25 | 5.3% | 9.3% | ||
| Q1 25 | 3.3% | 7.5% | ||
| Q4 24 | 0.0% | 11.8% | ||
| Q3 24 | 2.3% | 12.0% | ||
| Q2 24 | 1.9% | 20.6% |
现金转化率GLPIUSAC
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 5.02× | ||
| Q3 25 | 1.00× | 2.20× | ||
| Q2 25 | 1.94× | 4.35× | ||
| Q1 25 | 1.53× | 2.66× | ||
| Q4 24 | 4.80× | 5.12× | ||
| Q3 24 | 1.46× | 2.51× | ||
| 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
USAC
| Revenue From Contract Operations Excluding Revenue From Related Party | $231.7M | 92% |
| Entities Affiliated With Energy Transfer LP | $16.6M | 7% |
| Transferred At Point In Time | $5.4M | 2% |
