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Gaming & Leisure Properties, Inc.（GLPI）与W. P. Carey Inc.（WPC）财务数据对比。点击上方公司名可切换其他公司
W. P. Carey Inc.的季度营收约是Gaming & Leisure Properties, Inc.的1.1倍（$444.5M vs $420.0M）。Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 33.4%，领先23.6%）。W. P. Carey Inc.同比增速更快（9.4% vs 6.3%）。过去两年W. P. Carey Inc.的营收复合增速更高（6.8% 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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
GLPI vs WPC — 直观对比
营收规模更大
WPC
是对方的1.1倍
$420.0M
营收增速更快
WPC
高出3.2%
6.3%
净利率更高
GLPI
高出23.6%
33.4%
两年增速更快
WPC
近两年复合增速
5.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $444.5M |
| 净利润 | $239.4M | $148.3M |
| 毛利率 | — | — |
| 营业利润率 | 79.4% | 34.5% |
| 净利率 | 57.0% | 33.4% |
| 营收同比 | 6.3% | 9.4% |
| 净利润同比 | 40.5% | 215.4% |
| 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GLPIWPC
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $444.5M | ||
| Q3 25 | $397.6M | $431.3M | ||
| Q2 25 | $394.9M | $430.8M | ||
| Q1 25 | $395.2M | $409.9M | ||
| Q4 24 | $389.6M | $406.2M | ||
| Q3 24 | $385.3M | $397.4M | ||
| Q2 24 | $380.6M | $389.7M |
净利润GLPIWPC
| Q1 26 | $239.4M | — | ||
| Q4 25 | $267.3M | $148.3M | ||
| Q3 25 | $241.2M | $141.0M | ||
| Q2 25 | $151.4M | $51.2M | ||
| Q1 25 | $165.2M | $125.8M | ||
| Q4 24 | $217.2M | $47.0M | ||
| Q3 24 | $184.7M | $111.7M | ||
| Q2 24 | $208.3M | $142.9M |
营业利润率GLPIWPC
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 34.5% | ||
| Q3 25 | 84.8% | 34.7% | ||
| Q2 25 | 61.3% | 15.0% | ||
| Q1 25 | 65.5% | 33.5% | ||
| Q4 24 | 79.1% | 13.5% | ||
| Q3 24 | 70.4% | 30.4% | ||
| Q2 24 | 77.1% | 38.3% |
净利率GLPIWPC
| Q1 26 | 57.0% | — | ||
| Q4 25 | 65.7% | 33.4% | ||
| Q3 25 | 60.7% | 32.7% | ||
| Q2 25 | 38.4% | 11.9% | ||
| Q1 25 | 41.8% | 30.7% | ||
| Q4 24 | 55.8% | 11.6% | ||
| Q3 24 | 47.9% | 28.1% | ||
| Q2 24 | 54.7% | 36.7% |
每股收益（稀释后）GLPIWPC
| 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 | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $5.0B | $8.1B |
| 总资产 | $13.8B | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资GLPIWPC
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $155.3M | ||
| Q3 25 | — | $249.0M | ||
| Q2 25 | — | $244.8M | ||
| Q1 25 | — | $187.8M | ||
| Q4 24 | $560.8M | $640.4M | ||
| Q3 24 | $554.1M | $818.2M | ||
| Q2 24 | $347.8M | $1.1B |
总债务GLPIWPC
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $8.7B | ||
| Q3 25 | $7.2B | $8.7B | ||
| Q2 25 | $6.9B | $8.6B | ||
| Q1 25 | $6.9B | $7.9B | ||
| Q4 24 | $7.7B | $8.0B | ||
| Q3 24 | $7.4B | $8.0B | ||
| Q2 24 | $6.6B | $8.1B |
股东权益GLPIWPC
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $8.1B | ||
| Q3 25 | $4.6B | $8.2B | ||
| Q2 25 | $4.6B | $8.2B | ||
| Q1 25 | $4.2B | $8.4B | ||
| Q4 24 | $4.3B | $8.4B | ||
| Q3 24 | $4.3B | $8.6B | ||
| Q2 24 | $4.1B | $8.6B |
总资产GLPIWPC
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $18.0B | ||
| Q3 25 | $12.8B | $18.0B | ||
| Q2 25 | $12.5B | $18.0B | ||
| Q1 25 | $12.1B | $17.3B | ||
| Q4 24 | $13.1B | $17.5B | ||
| Q3 24 | $12.7B | $17.6B | ||
| Q2 24 | $11.8B | $17.8B |
负债/权益比GLPIWPC
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 1.07× | ||
| Q3 25 | 1.57× | 1.06× | ||
| Q2 25 | 1.51× | 1.05× | ||
| Q1 25 | 1.63× | 0.94× | ||
| Q4 24 | 1.81× | 0.95× | ||
| Q3 24 | 1.74× | 0.93× | ||
| Q2 24 | 1.60× | 0.94× |
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 | — | $304.6M |
| 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 | — | 2.05× |
| 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GLPIWPC
| Q1 26 | — | — | ||
| Q4 25 | $343.2M | $304.6M | ||
| Q3 25 | $240.3M | $300.5M | ||
| Q2 25 | $293.4M | $404.0M | ||
| Q1 25 | $252.5M | $273.2M | ||
| Q4 24 | $292.4M | $296.3M | ||
| Q3 24 | $270.4M | $280.2M | ||
| Q2 24 | $252.1M | $221.0M |
自由现金流GLPIWPC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $183.0M | — | ||
| Q2 25 | $272.3M | — | ||
| Q1 25 | $239.6M | — | ||
| Q4 24 | $276.6M | — | ||
| Q3 24 | $261.5M | — | ||
| Q2 24 | $245.0M | — |
自由现金流率GLPIWPC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 46.0% | — | ||
| Q2 25 | 69.0% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 71.0% | — | ||
| Q3 24 | 67.9% | — | ||
| Q2 24 | 64.4% | — |
资本支出强度GLPIWPC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | — | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.9% | — |
现金转化率GLPIWPC
| Q1 26 | — | — | ||
| Q4 25 | 1.28× | 2.05× | ||
| Q3 25 | 1.00× | 2.13× | ||
| Q2 25 | 1.94× | 7.89× | ||
| Q1 25 | 1.53× | 2.17× | ||
| Q4 24 | 1.35× | 6.30× | ||
| Q3 24 | 1.46× | 2.51× | ||
| Q2 24 | 1.21× | 1.55× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
