Gaming And Leisu Financials

GLPI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 66/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Gaming And Leisu has an operating margin of 73.8%, meaning the company retains $74 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 74.2% the prior year.

Growth

Gaming And Leisu's revenue grew 6.3% year-over-year to $1.5B, a solid pace of expansion. This earns a growth score of 47/100.

Leverage

Gaming And Leisu has a moderate D/E ratio of 1.81. This balance of debt and equity financing earns a leverage score of 44/100.

Returns

Gaming And Leisu earns a strong 18.4% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is up from 17.7% the prior year.

Piotroski F-Score Weak

3/9

Gaming And Leisu passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.37x

For every $1 of reported earnings, Gaming And Leisu generates $1.37 in operating cash flow ($1.1B OCF vs $784.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.1x

Gaming And Leisu earns $3.1 in operating income for every $1 of interest expense ($1.1B vs $366.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Gaming And Leisu (GLPI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$1.5B

YoY+6.3%

5Y CAGR+5.8%

10Y CAGR+10.0%

Gaming And Leisu generated $1.5B in revenue in fiscal year 2024. This represents an increase of 6.3% from the prior year.

EBITDA

$1.4B

YoY+4.4%

5Y CAGR+7.5%

10Y CAGR+14.4%

Gaming And Leisu's EBITDA was $1.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.4% from the prior year.

Free Cash Flow

N/A

Net Income

$784.6M

YoY+6.9%

5Y CAGR+15.0%

10Y CAGR+18.9%

Gaming And Leisu reported $784.6M in net income in fiscal year 2024. This represents an increase of 6.9% from the prior year.

EPS (Diluted)

$2.87

YoY+3.6%

5Y CAGR+9.7%

10Y CAGR+9.3%

Gaming And Leisu earned $2.87 per diluted share (EPS) in fiscal year 2024. This represents an increase of 3.6% from the prior year.

Cash & Debt

$462.6M

YoY-32.4%

5Y CAGR+76.7%

10Y CAGR+29.1%

Gaming And Leisu held $462.6M in cash against $7.7B in long-term debt as of fiscal year 2024.

Dividends Per Share

$3.04

YoY-3.5%

5Y CAGR+2.1%

10Y CAGR+2.1%

Gaming And Leisu paid $3.04 per share in dividends in fiscal year 2024. This represents a decrease of 3.5% from the prior year.

Shares Outstanding

275M

YoY+1.2%

5Y CAGR+5.1%

Gaming And Leisu had 275M shares outstanding in fiscal year 2024. This represents an increase of 1.2% from the prior year.

Gross Margin

N/A

Operating Margin

73.8%

YoY-0.4pp

5Y CAGR+11.6pp

10Y CAGR+30.1pp

Gaming And Leisu's operating margin was 73.8% in fiscal year 2024, reflecting core business profitability. This is down 0.4 percentage points from the prior year.

Net Margin

51.2%

YoY+0.2pp

5Y CAGR+17.3pp

10Y CAGR+27.7pp

Gaming And Leisu's net profit margin was 51.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.

Return on Equity

18.4%

YoY+0.7pp

5Y CAGR-0.5pp

Gaming And Leisu's ROE was 18.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GLPI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.5B+6.3%	$1.4B+9.8%	$1.3B+7.8%	$1.2B+5.5%	$1.2B0.0%	$1.2B
Cost of Revenue	N/A	$0	$0-100.0%	$53.0M-6.5%	$56.7M-24.1%	$74.7M
Gross Profit	N/A	$1.4B+9.8%	$1.3B+12.8%	$1.2B+6.1%	$1.1B+1.6%	$1.1B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$59.6M+5.5%	$56.5M+10.0%	$51.3M-16.2%	$61.2M-10.7%	$68.6M+4.9%	$65.4M
Operating Income	$1.1B+5.8%	$1.1B+3.8%	$1.0B+22.4%	$841.8M+4.0%	$809.3M+12.8%	$717.4M
Interest Expense	$366.9M+13.5%	$323.4M+4.6%	$309.3M+9.3%	$283.0M+0.3%	$282.1M-6.4%	$301.5M
Income Tax	$2.1M+6.6%	$2.0M-88.3%	$17.1M-39.8%	$28.3M+631.0%	$3.9M-18.6%	$4.8M
Net Income	$784.6M+6.9%	$734.3M+7.2%	$684.7M+28.2%	$534.0M+5.6%	$505.7M+29.4%	$390.9M
EPS (Diluted)	$2.87+3.6%	$2.77+2.6%	$2.70+19.5%	$2.26-1.7%	$2.30+27.1%	$1.81

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$397.6M+0.7%	$394.9M-0.1%	$395.2M+1.4%	$389.6M+2.4%	$380.6M+1.2%	$376.0M+1.9%	$369.0M+2.6%	$359.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.6M+4.1%	$15.9M-15.0%	$18.7M+30.3%	$14.4M+3.7%	$13.9M-22.6%	$17.9M+30.0%	$13.8M+1.2%	$13.6M
Operating Income	$337.2M+39.3%	$242.1M-6.5%	$258.8M-16.0%	$308.2M+5.0%	$293.4M+13.9%	$257.6M-12.8%	$295.3M+10.1%	$268.3M
Interest Expense	$94.1M+4.6%	$89.9M-7.5%	$97.3M-0.6%	$97.8M+12.9%	$86.7M0.0%	$86.7M+4.6%	$82.9M+3.9%	$79.8M
Income Tax	$560K+2.8%	$545K-3.4%	$564K-0.2%	$565K+37.1%	$412K-35.3%	$637K-33.4%	$957K+98.5%	$482K
Net Income	$241.2M+59.3%	$151.4M-8.3%	$165.2M-24.0%	$217.2M+4.3%	$208.3M+19.4%	$174.5M-17.4%	$211.3M+14.8%	$184.0M
EPS (Diluted)	$0.85+57.4%	$0.54-10.0%	$0.60-24.1%	$0.79+2.6%	$0.77+20.3%	$0.64-17.9%	$0.78+11.4%	$0.70

GLPI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$13.1B+10.8%	$11.8B+8.0%	$10.9B+2.2%	$10.7B+18.3%	$9.0B+7.1%	$8.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$462.6M-32.4%	$684.0M+186.1%	$239.1M-67.0%	$724.6M+49.0%	$486.5M+1713.6%	$26.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	$0-100.0%	$16.1M
Total Liabilities	$8.4B+15.5%	$7.3B+7.1%	$6.8B-6.7%	$7.3B+14.8%	$6.4B0.0%	$6.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$7.7B+16.7%	$6.6B+8.1%	$6.1B-6.5%	$6.6B+13.9%	$5.8B	N/A
Total Equity	$4.3B+2.7%	$4.2B+0.9%	$4.1B+21.5%	$3.4B+26.7%	$2.7B+29.0%	$2.1B
Retained Earnings	-$1.9B-2.4%	-$1.9B-5.5%	-$1.8B-1.5%	-$1.8B-9.9%	-$1.6B+14.6%	-$1.9B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$12.8B+2.4%	$12.5B+3.0%	$12.1B-7.2%	$13.1B+11.0%	$11.8B-0.1%	$11.8B-0.2%	$11.8B+5.1%	$11.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$751.7M+24.4%	$604.2M+257.8%	$168.9M-63.5%	$462.6M+389.6%	$94.5M-55.3%	$211.5M-69.1%	$684.0M+742.9%	$81.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$7.8B+3.6%	$7.6B+0.3%	$7.5B-10.6%	$8.4B+15.9%	$7.3B-0.2%	$7.3B-0.2%	$7.3B+5.4%	$6.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$7.2B+4.5%	$6.9B0.0%	$6.9B-10.9%	$7.7B+16.6%	$6.6B0.0%	$6.6B0.0%	$6.6B+6.1%	$6.2B
Total Equity	$4.6B+0.5%	$4.6B+8.1%	$4.2B-1.2%	$4.3B+3.2%	$4.1B+0.2%	$4.1B-0.7%	$4.2B+5.0%	$4.0B
Retained Earnings	-$2.0B+1.0%	-$2.1B-3.5%	-$2.0B-2.3%	-$1.9B-0.8%	-$1.9B+0.1%	-$1.9B-1.7%	-$1.9B+0.7%	-$1.9B

GLPI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$1.1B+6.3%	$1.0B+9.7%	$920.1M+14.5%	$803.8M+87.8%	$428.1M-42.9%	$750.3M
Capital Expenditures	N/A	N/A	N/A	$13.9M+2838.0%	$474K	$0
Free Cash Flow	N/A	N/A	N/A	$789.9M+84.7%	$427.6M-43.0%	$750.3M
Investing Cash Flow	-$1.6B-146.8%	-$650.8M-83.6%	-$354.5M+65.6%	-$1.0B-10765.8%	-$9.5M-236.8%	-$2.8M
Financing Cash Flow	$311.8M+261.1%	$86.4M+108.2%	-$1.1B-337.2%	$443.1M+601.4%	$63.2M+108.5%	-$746.4M
Dividends Paid	$830.7M-0.4%	$834.0M+8.2%	$770.9M+21.6%	$633.9M+175.0%	$230.5M-60.9%	$589.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$240.3M-18.1%	$293.4M+16.2%	$252.5M-13.7%	$292.4M+16.0%	$252.1M-2.2%	$257.9M-1.9%	$263.0M+3.8%	$253.3M
Capital Expenditures	N/A	$21.1M+63.7%	$12.9M+45.1%	$8.9M+25.8%	$7.1M+54138.5%	$13K	N/A	$12.7M
Free Cash Flow	N/A	$272.3M+13.6%	$239.6M-8.4%	$261.5M+6.7%	$245.0M-5.0%	$257.9M	N/A	$240.6M
Investing Cash Flow	-$166.9M-395.9%	-$33.7M-106.3%	$534.0M+224.5%	-$428.8M-174.2%	-$156.4M+65.1%	-$448.4M-2786.8%	-$15.5M+91.8%	-$189.4M
Financing Cash Flow	$74.1M-57.8%	$175.6M+116.3%	-$1.1B-1130.0%	$104.9M+149.3%	-$212.8M+24.5%	-$281.9M-179.3%	$355.4M+4424.7%	$7.9M
Dividends Paid	$220.7M0.0%	$220.7M+5.6%	$209.1M+0.2%	$208.6M+1.1%	$206.3M-0.1%	$206.6M+4.7%	$197.4M+2.8%	$192.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GLPI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	100.0%0.0pp	100.0%+4.4pp	95.6%+0.6pp	95.1%+1.6pp	93.5%
Operating Margin	73.8%-0.4pp	74.2%-4.3pp	78.5%+9.3pp	69.2%-1.0pp	70.2%+8.0pp	62.2%
Net Margin	51.2%+0.2pp	51.0%-1.2pp	52.2%+8.3pp	43.9%+0.1pp	43.9%+10.0pp	33.9%
Return on Equity	18.4%+0.7pp	17.7%+1.0pp	16.6%+0.9pp	15.8%-3.1pp	18.9%+0.1pp	18.8%
Return on Assets	6.0%-0.2pp	6.2%-0.0pp	6.3%+1.3pp	5.0%-0.6pp	5.6%+1.0pp	4.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.81+0.2	1.59+0.1	1.49-0.4	1.93-0.2	2.15-0.9	3.07
FCF Margin	N/A	N/A	N/A	64.9%+27.9pp	37.1%-28.0pp	65.0%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	84.8%+23.5pp	61.3%-4.2pp	65.5%-13.6pp	79.1%+2.0pp	77.1%+8.6pp	68.5%-11.5pp	80.0%+5.4pp	74.6%
Net Margin	60.7%+22.3pp	38.4%-3.4pp	41.8%-14.0pp	55.8%+1.0pp	54.7%+8.3pp	46.4%-10.9pp	57.3%+6.1pp	51.2%
Return on Equity	5.3%+1.9pp	3.3%-0.6pp	3.9%-1.2pp	5.1%+0.1pp	5.0%+0.8pp	4.2%-0.9pp	5.1%+0.4pp	4.7%
Return on Assets	1.9%+0.7pp	1.2%-0.1pp	1.4%-0.3pp	1.7%-0.1pp	1.8%+0.3pp	1.5%-0.3pp	1.8%+0.1pp	1.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.57+0.1	1.51-0.1	1.63-0.2	1.81+0.2	1.600.0	1.61+0.0	1.59+0.0	1.58
FCF Margin	N/A	69.0%+8.3pp	60.6%-7.2pp	67.9%+3.5pp	64.4%-4.2pp	68.6%	N/A	66.9%

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Frequently Asked Questions

What is Gaming And Leisu's annual revenue?

Gaming And Leisu (GLPI) reported $1.5B in total revenue for fiscal year 2024. This represents a 6.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Gaming And Leisu's revenue growing?

Gaming And Leisu (GLPI) revenue grew by 6.3% year-over-year, from $1.4B to $1.5B in fiscal year 2024.

Is Gaming And Leisu profitable?

Yes, Gaming And Leisu (GLPI) reported a net income of $784.6M in fiscal year 2024, with a net profit margin of 51.2%.

What is Gaming And Leisu's earnings per share (EPS)?

Gaming And Leisu (GLPI) reported diluted earnings per share of $2.87 for fiscal year 2024. This represents a 3.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Gaming And Leisu's EBITDA?

Gaming And Leisu (GLPI) had EBITDA of $1.4B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Gaming And Leisu have?

As of fiscal year 2024, Gaming And Leisu (GLPI) had $462.6M in cash and equivalents against $7.7B in long-term debt.

What is Gaming And Leisu's operating margin?

Gaming And Leisu (GLPI) had an operating margin of 73.8% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Gaming And Leisu's net profit margin?

Gaming And Leisu (GLPI) had a net profit margin of 51.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Gaming And Leisu pay dividends?

Yes, Gaming And Leisu (GLPI) paid $3.04 per share in dividends during fiscal year 2024.

What is Gaming And Leisu's return on equity (ROE)?

Gaming And Leisu (GLPI) has a return on equity of 18.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Gaming And Leisu's operating cash flow?

Gaming And Leisu (GLPI) generated $1.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Gaming And Leisu's total assets?

Gaming And Leisu (GLPI) had $13.1B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Gaming And Leisu have outstanding?

Gaming And Leisu (GLPI) had 275M shares outstanding as of fiscal year 2024.

What is Gaming And Leisu's debt-to-equity ratio?

Gaming And Leisu (GLPI) had a debt-to-equity ratio of 1.81 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gaming And Leisu's return on assets (ROA)?

Gaming And Leisu (GLPI) had a return on assets of 6.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Gaming And Leisu's Piotroski F-Score?

Gaming And Leisu (GLPI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gaming And Leisu's earnings high quality?

Gaming And Leisu (GLPI) has an earnings quality ratio of 1.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Gaming And Leisu cover its interest payments?

Gaming And Leisu (GLPI) has an interest coverage ratio of 3.1x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Gaming And Leisu?

Gaming And Leisu (GLPI) scores 66 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.