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Gaming & Leisure Properties, Inc.（GLPI）与West Pharmaceutical Services（WST）财务数据对比。点击上方公司名可切换其他公司
West Pharmaceutical Services的季度营收约是Gaming & Leisure Properties, Inc.的1.9倍（$805.0M vs $420.0M），Gaming & Leisure Properties, Inc.净利率更高（57.0% vs 16.4%，领先40.6%），West Pharmaceutical Services同比增速更快（7.5% vs 6.3%），过去两年West Pharmaceutical Services的营收复合增速更高（7.6% 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。
美国West Pharmaceutical Services是注射用药品包装及给药系统的设计和制造商，1923年成立，总部位于宾夕法尼亚州埃克斯顿。成立初期主营注射类药物包装用橡胶组件，曾为青霉素和胰岛素生产商提供符合无菌要求的配套产品。
GLPI vs WST — 直观对比
营收规模更大
WST
是对方的1.9倍
$420.0M
营收增速更快
WST
高出1.2%
6.3%
净利率更高
GLPI
高出40.6%
16.4%
两年增速更快
WST
近两年复合增速
5.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $805.0M |
| 净利润 | $239.4M | $132.1M |
| 毛利率 | — | 37.8% |
| 营业利润率 | 79.4% | 19.5% |
| 净利率 | 57.0% | 16.4% |
| 营收同比 | 6.3% | 7.5% |
| 净利润同比 | 40.5% | 1.5% |
| 每股收益（稀释后） | — | $1.82 |
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GLPIWST
| Q1 26 | $420.0M | — | ||
| Q4 25 | $407.0M | $805.0M | ||
| Q3 25 | $397.6M | $804.6M | ||
| Q2 25 | $394.9M | $766.5M | ||
| Q1 25 | $395.2M | $698.0M | ||
| Q4 24 | $389.6M | $748.8M | ||
| Q3 24 | $385.3M | $746.9M | ||
| Q2 24 | $380.6M | $702.1M |
净利润GLPIWST
| Q1 26 | $239.4M | — | ||
| Q4 25 | $275.4M | $132.1M | ||
| Q3 25 | $241.2M | $140.0M | ||
| Q2 25 | $151.4M | $131.8M | ||
| Q1 25 | $165.2M | $89.8M | ||
| Q4 24 | $223.6M | $130.1M | ||
| Q3 24 | $184.7M | $136.0M | ||
| Q2 24 | $208.3M | $111.3M |
毛利率GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | — | 37.8% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | — | 32.8% |
营业利润率GLPIWST
| Q1 26 | 79.4% | — | ||
| Q4 25 | 89.3% | 19.5% | ||
| Q3 25 | 84.8% | 20.8% | ||
| Q2 25 | 61.3% | 20.1% | ||
| Q1 25 | 65.5% | 15.3% | ||
| Q4 24 | 79.1% | 21.3% | ||
| Q3 24 | 70.4% | 21.6% | ||
| Q2 24 | 77.1% | 18.0% |
净利率GLPIWST
| Q1 26 | 57.0% | — | ||
| Q4 25 | 67.6% | 16.4% | ||
| Q3 25 | 60.7% | 17.4% | ||
| Q2 25 | 38.4% | 17.2% | ||
| Q1 25 | 41.8% | 12.9% | ||
| Q4 24 | 57.4% | 17.4% | ||
| Q3 24 | 47.9% | 18.2% | ||
| Q2 24 | 54.7% | 15.9% |
每股收益（稀释后）GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | $0.96 | $1.82 | ||
| Q3 25 | $0.85 | $1.92 | ||
| Q2 25 | $0.54 | $1.82 | ||
| Q1 25 | $0.60 | $1.23 | ||
| Q4 24 | $0.79 | $1.78 | ||
| Q3 24 | $0.67 | $1.85 | ||
| Q2 24 | $0.77 | $1.51 |
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 | $791.3M |
| 总债务越低越好 | — | $202.8M |
| 股东权益账面价值 | $5.0B | $3.2B |
| 总资产 | $13.8B | $4.3B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资GLPIWST
| Q1 26 | $274.5M | — | ||
| Q4 25 | — | $791.3M | ||
| Q3 25 | — | $628.5M | ||
| Q2 25 | — | $509.7M | ||
| Q1 25 | — | $404.2M | ||
| Q4 24 | $560.8M | $484.6M | ||
| Q3 24 | $560.8M | $490.9M | ||
| Q2 24 | $560.8M | $446.2M |
总债务GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | $7.2B | $202.8M | ||
| Q3 25 | $7.2B | $202.7M | ||
| Q2 25 | $6.9B | $202.6M | ||
| Q1 25 | $6.9B | $202.6M | ||
| Q4 24 | $7.7B | $202.6M | ||
| Q3 24 | $7.4B | $202.6M | ||
| Q2 24 | $6.6B | $205.8M |
股东权益GLPIWST
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.6B | $3.2B | ||
| Q3 25 | $4.6B | $3.1B | ||
| Q2 25 | $4.6B | $2.9B | ||
| Q1 25 | $4.2B | $2.7B | ||
| Q4 24 | $4.3B | $2.7B | ||
| Q3 24 | $4.3B | $2.8B | ||
| Q2 24 | $4.1B | $2.6B |
总资产GLPIWST
| Q1 26 | $13.8B | — | ||
| Q4 25 | $12.9B | $4.3B | ||
| Q3 25 | $12.8B | $4.1B | ||
| Q2 25 | $12.5B | $4.0B | ||
| Q1 25 | $12.1B | $3.6B | ||
| Q4 24 | $13.1B | $3.6B | ||
| Q3 24 | $12.7B | $3.7B | ||
| Q2 24 | $11.8B | $3.5B |
负债/权益比GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | 1.56× | 0.06× | ||
| Q3 25 | 1.57× | 0.07× | ||
| Q2 25 | 1.51× | 0.07× | ||
| Q1 25 | 1.63× | 0.08× | ||
| Q4 24 | 1.81× | 0.08× | ||
| Q3 24 | 1.74× | 0.07× | ||
| Q2 24 | 1.60× | 0.08× |
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 | — | $251.1M |
| 自由现金流经营现金流 - 资本支出 | — | $175.0M |
| 自由现金流率自由现金流/营收 | — | 21.7% |
| 资本支出强度资本支出/营收 | — | 9.5% |
| 现金转化率经营现金流/净利润 | — | 1.90× |
| 过去12个月自由现金流最近4个季度 | — | $468.9M |
8季度趋势，按日历期对齐
经营现金流GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $251.1M | ||
| Q3 25 | $240.3M | $197.2M | ||
| Q2 25 | $293.4M | $177.1M | ||
| Q1 25 | $252.5M | $129.4M | ||
| Q4 24 | $1.1B | $190.1M | ||
| Q3 24 | $270.4M | $180.1M | ||
| Q2 24 | $252.1M | $165.0M |
自由现金流GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | — | $175.0M | ||
| Q3 25 | $183.0M | $133.9M | ||
| Q2 25 | $272.3M | $101.9M | ||
| Q1 25 | $239.6M | $58.1M | ||
| Q4 24 | $1.1B | $85.2M | ||
| Q3 24 | $261.5M | $98.8M | ||
| Q2 24 | $245.0M | $64.8M |
自由现金流率GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | — | 21.7% | ||
| Q3 25 | 46.0% | 16.6% | ||
| Q2 25 | 69.0% | 13.3% | ||
| Q1 25 | 60.6% | 8.3% | ||
| Q4 24 | 275.3% | 11.4% | ||
| Q3 24 | 67.9% | 13.2% | ||
| Q2 24 | 64.4% | 9.2% |
资本支出强度GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | 14.4% | 7.9% | ||
| Q2 25 | 5.3% | 9.8% | ||
| Q1 25 | 3.3% | 10.2% | ||
| Q4 24 | 0.0% | 14.0% | ||
| Q3 24 | 2.3% | 10.9% | ||
| Q2 24 | 1.9% | 14.3% |
现金转化率GLPIWST
| Q1 26 | — | — | ||
| Q4 25 | 4.10× | 1.90× | ||
| Q3 25 | 1.00× | 1.41× | ||
| Q2 25 | 1.94× | 1.34× | ||
| Q1 25 | 1.53× | 1.44× | ||
| Q4 24 | 4.80× | 1.46× | ||
| Q3 24 | 1.46× | 1.32× | ||
| Q2 24 | 1.21× | 1.48× |
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
WST
| Proprietary Products | $661.8M | 82% |
| Contract Manufactured Products | $143.2M | 18% |
| Affiliated Entity | $3.3M | 0% |
