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Gaming & Leisure Properties, Inc.（GLPI）与INNOVATE Corp.（VATE）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INNOVATE Corp.的1.1倍（$420.0M vs $382.7M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs -1.9%，领先58.9%），INNOVATE Corp.同比增速更快（61.7% vs 6.3%），过去两年INNOVATE Corp.的营收复合增速更高（10.2% 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。
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
GLPI vs VATE — 直观对比
营收规模更大
GLPI
是对方的1.1倍
$382.7M
营收增速更快
VATE
高出55.5%
6.3%
净利率更高
GLPI
高出58.9%
-1.9%
两年增速更快
VATE
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $382.7M |
| 净利润 | $239.4M | $-7.4M |
| 毛利率 | — | 15.4% |
| 营业利润率 | 79.4% | 3.7% |
| 净利率 | 57.0% | -1.9% |
| 营收同比 | 6.3% | 61.7% |
| 净利润同比 | 40.5% | 55.4% |
| 每股收益（稀释后） | — | $-0.57 |
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GLPIVATE
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $382.7M | ||
| Q3 25 | $397.6M | $347.1M | ||
| Q2 25 | $394.9M | $242.0M | ||
| Q1 25 | $395.2M | $274.2M | ||
| Q4 24 | $389.6M | $236.6M | ||
| Q3 24 | $385.3M | $242.2M | ||
| Q2 24 | $380.6M | $313.1M |
净利润GLPIVATE
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $-7.4M | ||
| Q3 25 | $241.2M | $-8.9M | ||
| Q2 25 | $151.4M | $-19.8M | ||
| Q1 25 | $165.2M | $-24.5M | ||
| Q4 24 | $223.6M | $-16.6M | ||
| Q3 24 | $184.7M | $-15.0M | ||
| Q2 24 | $208.3M | $14.4M |
毛利率GLPIVATE
| Q1 26 | — | — | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% |
营业利润率GLPIVATE
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 3.7% | ||
| Q3 25 | 84.8% | 1.8% | ||
| Q2 25 | 61.3% | 2.0% | ||
| Q1 25 | 65.5% | 1.2% | ||
| Q4 24 | 79.1% | 1.1% | ||
| Q3 24 | 70.4% | 2.4% | ||
| Q2 24 | 77.1% | 9.2% |
净利率GLPIVATE
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | -1.9% | ||
| Q3 25 | 60.7% | -2.6% | ||
| Q2 25 | 38.4% | -8.2% | ||
| Q1 25 | 41.8% | -8.9% | ||
| Q4 24 | 57.4% | -7.0% | ||
| Q3 24 | 47.9% | -6.2% | ||
| Q2 24 | 54.7% | 4.6% |
每股收益（稀释后）GLPIVATE
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $-0.57 | ||
| Q3 25 | $0.85 | $-0.71 | ||
| Q2 25 | $0.54 | $-1.67 | ||
| Q1 25 | $0.60 | $-1.89 | ||
| Q4 24 | $0.79 | $-0.72 | ||
| Q3 24 | $0.67 | $-1.18 | ||
| Q2 24 | $0.77 | $1.03 |
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 | $112.1M |
| 总债务越低越好 | — | $80.3M |
| 股东权益账面价值 | $5.0B | $-240.1M |
| 总资产 | $13.8B | $950.1M |
| 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GLPIVATE
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $112.1M | ||
| Q3 25 | — | $35.5M | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | $560.8M | $48.8M | ||
| Q3 24 | $560.8M | $51.0M | ||
| Q2 24 | $560.8M | $80.2M |
总债务GLPIVATE
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $80.3M | ||
| Q3 25 | $7.2B | $97.3M | ||
| Q2 25 | $6.9B | $160.1M | ||
| Q1 25 | $6.9B | $139.9M | ||
| Q4 24 | $7.7B | $500.6M | ||
| Q3 24 | $7.4B | $502.4M | ||
| Q2 24 | $6.6B | $638.3M |
股东权益GLPIVATE
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $-240.1M | ||
| Q3 25 | $4.6B | $-233.3M | ||
| Q2 25 | $4.6B | $-224.8M | ||
| Q1 25 | $4.2B | $-204.2M | ||
| Q4 24 | $4.3B | $-180.4M | ||
| Q3 24 | $4.3B | $-163.1M | ||
| Q2 24 | $4.1B | $-149.0M |
总资产GLPIVATE
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $950.1M | ||
| Q3 25 | $12.8B | $913.2M | ||
| Q2 25 | $12.5B | $890.9M | ||
| Q1 25 | $12.1B | $868.0M | ||
| Q4 24 | $13.1B | $891.1M | ||
| Q3 24 | $12.7B | $897.2M | ||
| Q2 24 | $11.8B | $898.9M |
负债/权益比GLPIVATE
| 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 | — | $101.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流GLPIVATE
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $101.1M | ||
| Q3 25 | $240.3M | $19.2M | ||
| Q2 25 | $293.4M | $40.4M | ||
| Q1 25 | $252.5M | $-14.1M | ||
| Q4 24 | $1.1B | $41.4M | ||
| Q3 24 | $270.4M | $-28.4M | ||
| Q2 24 | $252.1M | $21.5M |
自由现金流GLPIVATE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | $19.0M | ||
| Q2 25 | $272.3M | — | ||
| Q1 25 | $239.6M | $-18.8M | ||
| Q4 24 | $1.1B | $34.2M | ||
| Q3 24 | $261.5M | $-31.5M | ||
| Q2 24 | $245.0M | $18.4M |
自由现金流率GLPIVATE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | 5.5% | ||
| Q2 25 | 69.0% | — | ||
| Q1 25 | 60.6% | -6.9% | ||
| Q4 24 | 275.3% | 14.5% | ||
| Q3 24 | 67.9% | -13.0% | ||
| Q2 24 | 64.4% | 5.9% |
资本支出强度GLPIVATE
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | 0.1% | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.3% | 1.7% | ||
| Q4 24 | 0.0% | 3.0% | ||
| Q3 24 | 2.3% | 1.3% | ||
| Q2 24 | 1.9% | 1.0% |
现金转化率GLPIVATE
| 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× | 1.49× |
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
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
