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Gaming & Leisure Properties, Inc.（GLPI）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
Gaming & Leisure Properties, Inc.的季度营收约是世纪互联的1.2倍（$420.0M vs $362.7M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs -10.7%，领先67.7%），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
GLPI vs VNET — 直观对比
营收规模更大
GLPI
是对方的1.2倍
$362.7M
净利率更高
GLPI
高出67.7%
-10.7%
两年增速更快
VNET
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $362.7M |
| 净利润 | $239.4M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 79.4% | 0.5% |
| 净利率 | 57.0% | -10.7% |
| 营收同比 | 6.3% | — |
| 净利润同比 | 40.5% | — |
| 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GLPIVNET
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | — | ||
| Q3 25 | $397.6M | $362.7M | ||
| Q2 25 | $394.9M | — | ||
| Q1 25 | $395.2M | $309.5M | ||
| Q4 24 | $389.6M | — | ||
| Q3 24 | $385.3M | $302.2M | ||
| Q2 24 | $380.6M | $274.4M |
净利润GLPIVNET
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | — | ||
| Q3 25 | $241.2M | $-38.7M | ||
| Q2 25 | $151.4M | — | ||
| Q1 25 | $165.2M | $-2.4M | ||
| Q4 24 | $223.6M | — | ||
| Q3 24 | $184.7M | $-2.1M | ||
| Q2 24 | $208.3M | $-1.1M |
毛利率GLPIVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% |
营业利润率GLPIVNET
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | — | ||
| Q3 25 | 84.8% | 0.5% | ||
| Q2 25 | 61.3% | — | ||
| Q1 25 | 65.5% | 0.1% | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.4% | 24.5% | ||
| Q2 24 | 77.1% | 0.2% |
净利率GLPIVNET
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | — | ||
| Q3 25 | 60.7% | -10.7% | ||
| Q2 25 | 38.4% | — | ||
| Q1 25 | 41.8% | -0.8% | ||
| Q4 24 | 57.4% | — | ||
| Q3 24 | 47.9% | -0.7% | ||
| Q2 24 | 54.7% | -0.4% |
每股收益（稀释后）GLPIVNET
| 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 | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.0B | $890.8M |
| 总资产 | $13.8B | $6.1B |
| 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GLPIVNET
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $560.8M | — | ||
| Q3 24 | $560.8M | $219.5M | ||
| Q2 24 | $560.8M | $247.2M |
总债务GLPIVNET
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $6.9B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $7.4B | $1.2B | ||
| Q2 24 | $6.6B | — |
股东权益GLPIVNET
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.6B | $890.8M | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.2B | $927.8M | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | $902.9M | ||
| Q2 24 | $4.1B | $900.6M |
总资产GLPIVNET
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | — | ||
| Q3 25 | $12.8B | $6.1B | ||
| Q2 25 | $12.5B | — | ||
| Q1 25 | $12.1B | $5.4B | ||
| Q4 24 | $13.1B | — | ||
| Q3 24 | $12.7B | $4.3B | ||
| Q2 24 | $11.8B | $4.0B |
负债/权益比GLPIVNET
| 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× | 1.28× | ||
| 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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流GLPIVNET
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $240.3M | $113.8M | ||
| Q2 25 | $293.4M | — | ||
| Q1 25 | $252.5M | $27.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $270.4M | $108.3M | ||
| Q2 24 | $252.1M | $55.8M |
自由现金流GLPIVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | $-193.1M | ||
| Q2 25 | $272.3M | — | ||
| Q1 25 | $239.6M | $-220.0M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $261.5M | $-95.0M | ||
| Q2 24 | $245.0M | $-81.6M |
自由现金流率GLPIVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | -53.2% | ||
| Q2 25 | 69.0% | — | ||
| Q1 25 | 60.6% | -71.1% | ||
| Q4 24 | 275.3% | — | ||
| Q3 24 | 67.9% | -31.4% | ||
| Q2 24 | 64.4% | -29.8% |
资本支出强度GLPIVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | 84.6% | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.3% | 79.8% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 2.3% | 67.3% | ||
| Q2 24 | 1.9% | 50.1% |
现金转化率GLPIVNET
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
