What is Gaming and Leisure Properties, Inc.'s earnings per share (EPS)?

Gaming and Leisure Properties, Inc. (GLPI) reported diluted earnings per share of $2.95 for fiscal year 2025. This represents a 2.8% 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.

Gaming and Leisure Properties, Inc. (GLPI) Financials

GLPI

Trailing 12 months to June 30, 2026

Revenue $1.7B +5.8% YoY

Net Income $143.6M +317.3% YoY

EPS (Diluted) $3.42 +31.5% YoY

Operating Cash Flow $1.2B +8.5% YoY

Market Cap $11.0B as of Oct 3, 2026

Price / Sales 6.6x on $1.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 76.3x on $143.6M net income, trailing 12 months to June 30, 2026

Price / Book 2.2x on $5.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GLPI SEC filings page.

Gaming and Leisure Properties, Inc. (GLPI) reported $1.7B in revenue over the twelve months to Jun 30, 2026, up 5.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI GLPI FY2025 2026-10-03

The business converts operating earnings into cash, while 2025 debt reduction eased leverage without changing its distribution-heavy financing model.

Cash conversion is the clearest operating signal: FY2025 operating cash flow of $1.1B nearly matched operating income of $1.2B. That relationship remained similar to FY2024, indicating cash-backed earnings rather than performance driven mainly by non-cash accounting entries.

Operating margin expansion accompanied growth: the margin reached 75.3% in FY2025 from 73.8% in FY2024, suggesting incremental revenue was absorbed with slightly better cost efficiency rather than merely adding volume. The balance sheet also moved toward lower leverage: debt-to-equity fell from 1.8x to 1.6x.

Shareholder distributions consumed much of internally generated cash: dividends paid were $872M against operating cash flow of $1.1B, leaving less available for investment and financing needs. The financing outflow of $1.1B coincided with long-term debt falling to $7.2B, combining substantial distributions with debt reduction rather than relying on new borrowing.

Financial Health Signals

Financial Health Score 45/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Gaming and Leisure Properties, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Gaming and Leisure Properties, Inc. scores 38/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Gaming and Leisure Properties, Inc. scores 38/100 on it among other REITs.

Leverage

Gaming and Leisure Properties, Inc.'s net debt of $7.0B, being $7.2B of long-term debt less $224.3M of cash, came to 4.70 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and Gaming and Leisure Properties, Inc. scores 60/100 among other REITs.

Interest Cov.

Gaming and Leisure Properties, Inc.'s operating income of $1.2B covered its interest expense of $373.9M 3.21 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Gaming and Leisure Properties, Inc. scores 75/100 among other REITs.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Gaming and Leisure Properties, Inc. scores 45/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Gaming and Leisure Properties, Inc. scores 11/100 on it among other REITs.

Piotroski F-Score Partial

6/7

Gaming and Leisure Properties, Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

N/A

Gaming and Leisure Properties, Inc. reported $825 of net income while generating $1.1B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.

Interest Coverage Adequate

3.21x

Gaming and Leisure Properties, Inc. earns $3.21 in operating income for every $1 of interest expense ($1.2B vs $373.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$430.5M

YoY+9.0%

QoQ+2.5%

5Y CAGR+6.3%

10Y CAGR+7.6%

Gaming and Leisure Properties, Inc. generated $430.5M in revenue in Q2 2026. This represents an increase of 9.0% from the same quarter a year earlier. Against the prior quarter it is up 2.5%.

EBITDA

$399.0M

YoY+28.2%

QoQ-0.9%

5Y CAGR+8.1%

10Y CAGR+10.4%

Gaming and Leisure Properties, Inc.'s EBITDA was $399.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.2% from the same quarter a year earlier. Against the prior quarter it is down 0.9%.

Net Income

$228.4M

YoY+50.8%

QoQ-1.5%

5Y CAGR+10.6%

10Y CAGR+12.0%

Gaming and Leisure Properties, Inc. reported $228.4M in net income in Q2 2026. This represents an increase of 50.8% from the same quarter a year earlier. Against the prior quarter it is down 1.5%.

EPS (Diluted)

$0.80

YoY+48.1%

QoQ-2.4%

5Y CAGR+6.3%

10Y CAGR+7.4%

Gaming and Leisure Properties, Inc. earned $0.80 per diluted share (EPS) in Q2 2026. This represents an increase of 48.1% from the same quarter a year earlier. Against the prior quarter it is down 2.4%.

Cash & Balance Sheet

Cash & Debt

$319.0M

YoY-47.2%

QoQ+16.2%

5Y CAGR+16.7%

10Y CAGR+29.7%

Gaming and Leisure Properties, Inc. held $319.0M in cash against $8.1B in long-term debt as of Q2 2026.

Dividends Per Share

$0.82

YoY+5.1%

QoQ+5.1%

Gaming and Leisure Properties, Inc. paid $0.82 per share in dividends in Q2 2026. This represents an increase of 5.1% from the same quarter a year earlier. Against the prior quarter it is up 5.1%.

Shares Outstanding

291M

YoY+2.8%

QoQ+2.7%

5Y CAGR+4.1%

10Y CAGR+3.6%

Gaming and Leisure Properties, Inc. had 291M shares outstanding in Q2 2026. This represents an increase of 2.8% from the same quarter a year earlier. Against the prior quarter it is up 2.7%.

Free Cash Flow

Not reported for Q2 2026.

Margins & Returns

Operating Margin

77.2%

YoY+15.9pp

QoQ-2.2pp

5Y change+10.5pp

10Y change+18.9pp

Gaming and Leisure Properties, Inc.'s operating margin was 77.2% in Q2 2026, reflecting core business profitability. This is up 15.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.2 percentage points.

Net Margin

53.1%

YoY+14.7pp

QoQ-2.1pp

5Y change+9.6pp

10Y change+17.7pp

Gaming and Leisure Properties, Inc.'s net profit margin was 53.1% in Q2 2026, showing the share of revenue converted to profit. This is up 14.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.1 percentage points.

Return on Equity

4.6%

YoY+1.3pp

QoQ-0.4pp

5Y change-0.5pp

10Y change+1.5pp

Gaming and Leisure Properties, Inc.'s ROE was 4.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

GLPI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLPI quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.7B	$1.6B+4.1%	$1.5B+6.3%	$1.4B+9.8%	$1.3B+7.8%	$1.2B+5.5%	$1.2B0.0%	$1.2B+9.3%	$1.1B+8.7%	$971.3M+17.3%	$828.3M+44.0%	$575.1M-2.7%	$591.1M+151.0%	$235.5M+11.8%	$210.6M-9.2%	$231.9M
Cost of Revenue	N/A	N/A	N/A	$0	$0-100.0%	$53.0M-6.5%	$56.7M-24.1%	$74.7M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	$1.4B+9.8%	$1.3B+12.8%	$1.2B+6.1%	$1.1B+1.6%	$1.1B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$60.1M	$63.5M+6.6%	$59.6M+5.5%	$56.5M+10.0%	$51.3M-16.2%	$61.2M-10.7%	$68.6M+4.9%	$65.4M-7.7%	$70.8M+12.1%	$63.2M-11.5%	$71.4M-13.9%	$82.9M+2.5%	$80.8M+86.9%	$43.3M+72.6%	$25.1M+1.1%	$24.8M
Operating Income	$1.4B	$1.2B+6.3%	$1.1B+5.8%	$1.1B+3.8%	$1.0B+22.4%	$841.8M+4.0%	$809.3M+12.8%	$717.4M+20.8%	$593.8M-1.9%	$605.5M+26.0%	$480.6M+86.7%	$257.4M-0.4%	$258.5M+379.6%	$53.9M+23.4%	$43.7M-16.8%	$52.5M
EBITDA	N/A	$1.5B+5.7%	$1.4B+4.4%	$1.3B+4.7%	$1.3B+17.4%	$1.1B+3.9%	$1.1B+7.8%	$976.4M+31.6%	$742.2M+1.8%	$729.4M+22.3%	$596.3M+62.4%	$367.2M+0.5%	$365.3M+341.1%	$82.8M+43.4%	$57.8M-13.9%	$67.1M
Interest Expense	$383.2M	$373.9M+1.9%	$366.9M+13.5%	$323.4M+4.6%	$309.3M+9.3%	$283.0M+0.3%	$282.1M-6.4%	$301.5M+21.7%	$247.7M+14.1%	$217.1M+16.8%	$185.9M+49.7%	$124.2M+6.1%	$117.0M+507.8%	$19.3M	$0	N/A
Income Tax	$2.3M	$2.2M+4.7%	$2.1M+6.6%	$2.0M-88.3%	$17.1M-39.8%	$28.3M+631.0%	$3.9M-18.6%	$4.8M-4.0%	$5.0M-49.3%	$9.8M+29.7%	$7.5M+1.4%	$7.4M+45.6%	$5.1M-67.2%	$15.6M+8.1%	$14.4M-23.5%	$18.9M
Net Income	$143.6M	$825+5.2%	$785+6.9%	$734+7.2%	$685+28.2%	$534-100.0%	$505.7M+29.4%	$390.9M+15.1%	$339.5M-10.8%	$380.6M+31.6%	$289.3M+125.8%	$128.1M-7.7%	$138.8M+834.5%	$14.9M-35.2%	$22.9M-14.1%	$26.7M
EPS (Basic)	N/A	$2.95+2.8%	$2.87+3.2%	$2.78+2.6%	$2.71+19.4%	$2.27-1.7%	$2.31+26.9%	$1.82+14.5%	$1.59-11.7%	$1.80+11.1%	$1.62+44.6%	$1.12-8.9%	$1.23+846.2%	$0.13-38.1%	$0.21-12.5%	$0.24
EPS (Diluted)	$3.42	$2.95+2.8%	$2.87+3.6%	$2.77+2.6%	$2.70+19.5%	$2.26	$2.30+27.1%	$1.81+14.6%	$1.58-11.7%	$1.79+11.9%	$1.60	$1.08-8.5%	$1.18+807.7%	$0.13-35.0%	$0.20-13.0%	$0.23
Diluted Shares (Avg)	N/A	280M+2.4%	274M+3.2%	265M+4.4%	254M+7.5%	236M	220M+1.8%	216M+0.5%	215M+1.0%	213M+17.8%	181M	118M+0.7%	118M+1.5%	116M+0.2%	116M0.0%	116M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$430.5M+9.0%	$420.0M+6.3%	$407.0M+4.5%	$397.6M+3.2%	$394.9M+3.7%	$395.2M+5.1%	$389.6M+5.6%	$385.3M+7.2%
SG&A Expenses	$13.2M-16.7%	$17.9M-4.1%	$12.3M-14.2%	$16.6M+22.9%	$15.9M+14.8%	$18.7M+4.6%	$14.4M+4.4%	$13.5M-0.9%
Operating Income	$332.4M+37.3%	$333.3M+28.8%	$363.4M+17.9%	$337.2M+24.2%	$242.1M-17.5%	$258.8M+0.5%	$308.2M+4.4%	$271.4M+1.2%
EBITDA	$399.0M+28.2%	$402.7M+22.7%	$440.3M+15.0%	$404.6M+20.4%	$311.3M-13.2%	$328.1M+0.6%	$383.0M+3.1%	$336.2M+0.6%
Interest Expense	$100.7M+12.0%	$95.9M-1.5%	$92.6M-5.3%	$94.1M-1.7%	$89.9M+3.8%	$97.3M+12.2%	$97.8M+18.1%	$95.7M+19.9%
Income Tax	$601K+10.3%	$560K-0.7%	$560K-0.9%	$560K+8.7%	$545K+32.3%	$564K-11.5%	$565K-41.0%	$515K+6.8%
Net Income	$228.4M+50.8%	$231.8M+40.3%	-$557.8M+1.7%	$241.2M+30.6%	$151.4M-27.3%	$165.2M-5.3%	-$567.4M-8.5%	$184.7M+0.4%
EPS (Basic)	$0.80+45.5%	$0.82+36.7%	$0.95+20.3%	$0.85+26.9%	$0.55-28.6%	$0.60-6.3%	$0.790.0%	$0.67-4.3%
EPS (Diluted)	$0.80+48.1%	$0.82+36.7%	$0.95+20.3%	$0.85+26.9%	$0.54-29.9%	$0.60-6.3%	$0.79+1.3%	$0.67-4.3%
Diluted Shares (Avg)	286M+2.9%	284M+3.0%	N/A	284M+3.2%	278M+2.1%	275M+1.2%	N/A	275M+4.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

GLPI Balance Sheet

GLPI quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$12.9B-1.3%	$13.1B+10.8%	$11.8B+8.0%	$10.9B+2.2%	$10.7B+18.3%	$9.0B+7.1%	$8.4B-1.7%	$8.6B+18.4%	$7.2B-1.7%	$7.4B+201.0%	$2.4B-3.1%	$2.5B-3.2%	$2.6B+877.0%	$267.1M	N/A
Cash & Equivalents	$224.3M-51.5%	$462.6M-32.4%	$684.0M+186.1%	$239.1M-67.0%	$724.6M+49.0%	$486.5M+1713.6%	$26.8M+4.0%	$25.8M-11.3%	$29.1M-20.5%	$36.6M-12.7%	$41.9M+16.4%	$36.0M-87.4%	$285.2M+1858.7%	$14.6M-15.1%	$17.1M
Short-Term Investments	$0-100.0%	$560.8M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$16.1M0.0%	$16.1M-78.7%	$75.5M0.0%	$75.5M0.0%	$75.5M0.0%	$75.5M0.0%	$75.5M0.0%	$75.5M	N/A
Total Liabilities	$7.9B-6.3%	$8.4B+15.5%	$7.3B+7.1%	$6.8B-6.7%	$7.3B+14.8%	$6.4B0.0%	$6.4B+0.8%	$6.3B+31.8%	$4.8B-3.0%	$4.9B+82.7%	$2.7B0.0%	$2.7B+9.3%	$2.5B+7939.6%	$30.7M	N/A
Long-Term Debt	$7.2B-6.9%	$7.7B+16.7%	$6.6B+8.1%	$6.1B-6.5%	$6.6B+13.9%	$5.8B	N/A	$5.9B+31.8%	$4.4B-4.8%	$4.7B+85.8%	$2.5B-2.3%	$2.6B+9.4%	$2.4B	N/A	N/A
Total Equity	$4.6B+8.4%	$4.3B+2.7%	$4.2B+0.9%	$4.1B+21.5%	$3.4B+26.7%	$2.7B+29.0%	$2.1B-8.4%	$2.3B-7.8%	$2.5B+1.0%	$2.4B+1060.1%	-$253.5M-43.8%	-$176.3M-228.3%	$137.5M-41.8%	$236.3M+7.5%	$219.9M
Retained Earnings	-$2.0B-2.4%	-$1.9B-2.4%	-$1.9B-5.5%	-$1.8B-1.5%	-$1.8B-9.9%	-$1.6B+14.6%	-$1.9B-11.7%	-$1.7B-14.3%	-$1.5B-11.2%	-$1.3B-11.7%	-$1.2B-11.6%	-$1.1B-902.2%	$132.9M-19.4%	$165.0M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$14.2B+13.3%	$13.8B+13.5%	$12.9B-1.3%	$12.8B+0.8%	$12.5B+6.1%	$12.1B+3.0%	$13.1B+10.8%	$12.7B+12.9%
Cash & Equivalents	$319.0M-47.2%	$274.5M+62.6%	$224.3M-51.5%	$751.7M+52.1%	$604.2M+539.4%	$168.9M-20.2%	$462.6M-32.4%	$494.1M+508.9%
Short-Term Investments	$0	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$560.8M	$560.8M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$8.8B+16.1%	$8.7B+15.8%	$7.9B-6.3%	$7.8B-2.8%	$7.6B+3.9%	$7.5B+3.5%	$8.4B+15.5%	$8.1B+16.3%
Long-Term Debt	$8.1B+17.2%	$8.1B+17.2%	$7.2B-6.9%	$7.2B-2.9%	$6.9B+3.9%	$6.9B+3.9%	$7.7B+16.7%	$7.4B+18.7%
Total Equity	$5.0B+9.4%	$4.6B+10.0%	$4.6B+8.4%	$4.6B+7.6%	$4.6B+10.2%	$4.2B+2.1%	$4.3B+2.7%	$4.3B+7.5%
Retained Earnings	-$2.0B+3.3%	-$2.0B+0.4%	-$2.0B-2.4%	-$2.0B-4.3%	-$2.1B-6.7%	-$2.0B-3.0%	-$1.9B-2.4%	-$2.0B-2.1%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

GLPI Cash Flow Statement

GLPI quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.2B	$1.1B+5.3%	$1.1B+6.3%	$1.0B+9.7%	$920.1M+14.5%	$803.8M+87.8%	$428.1M-42.9%	$750.3M+14.6%	$654.4M+9.3%	$598.7M+16.4%	$514.4M+60.9%	$319.7M+17.0%	$273.3M+238.9%	$80.6M+201.5%	$26.7M-52.9%	$56.8M
Depreciation & Amortization	N/A	$282.9M+3.5%	$273.4M-1.1%	$276.4M+8.6%	$254.5M+1.0%	$252.0M+3.7%	$243.0M-6.2%	$259.0M+74.5%	$148.4M+19.8%	$123.8M+7.0%	$115.7M+5.4%	$109.8M+2.8%	$106.8M+269.4%	$28.9M+105.3%	$14.1M-3.3%	$14.6M
Stock-Based Compensation	N/A	$21.2M-12.7%	$24.3M+6.1%	$22.9M+12.0%	$20.4M+21.4%	$16.8M-15.9%	$20.0M+23.5%	$16.2M+45.2%	$11.2M-28.7%	$15.6M-14.6%	$18.3M+8.9%	$16.8M+37.1%	$12.3M+682.8%	$1.6M	$0	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$13.9M+2838.0%	$474K	$0-100.0%	$20K-74.4%	$78K-76.4%	$330K-98.0%	$16.1M-88.4%	$139.2M+1041.4%	$12.2M+532.0%	$1.9M-62.4%	$5.1M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	$789.9M+84.7%	$427.6M-43.0%	$750.3M+14.7%	$654.4M+9.3%	$598.6M+16.5%	$514.0M+69.3%	$303.5M+126.5%	$134.0M+95.9%	$68.4M+175.8%	$24.8M-52.0%	$51.7M
Investing Cash Flow	-$2.1B	-$308.8M+80.8%	-$1.6B-146.8%	-$650.8M-83.6%	-$354.5M+65.6%	-$1.0B-10765.8%	-$9.5M-236.8%	-$2.8M+99.8%	-$1.5B-216401.4%	$698K+100.0%	-$3.2B	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$583.3M	-$1.1B-439.6%	$311.8M+261.1%	$86.4M+108.2%	-$1.1B-337.2%	$443.1M+601.4%	$63.2M+108.5%	-$746.4M-187.6%	$852.1M+240.4%	-$606.9M-122.5%	$2.7B	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$883.5M	$871.9M+5.0%	$830.7M-0.4%	$834.0M+8.2%	$770.9M+21.6%	$633.9M+175.0%	$230.5M-60.9%	$589.1M+7.0%	$550.4M+4.0%	$529.4M+23.6%	$428.4M+70.2%	$251.7M-49.1%	$494.1M	$0	$0-100.0%	$22.2M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$349.6M+19.2%	$270.2M+7.0%	$343.2M+17.4%	$240.3M-11.1%	$293.4M+16.4%	$252.5M-2.1%	$292.4M+11.2%	$270.4M+6.8%
Depreciation & Amortization	$66.6M-3.8%	$69.3M0.0%	$68.4M+0.3%	$67.5M+4.2%	$69.2M+6.1%	$69.3M+0.9%	$68.2M-1.2%	$64.8M-1.6%
Stock-Based Compensation	N/A	$8.1M-8.5%	N/A	N/A	N/A	$8.9M+9.1%	N/A	N/A
Capital Expenditures	N/A	$111.5M+763.7%	N/A	N/A	$21.0M+198.3%	$12.9M+99184.6%	N/A	$8.9M-30.0%
Free Cash Flow	N/A	$158.8M-33.7%	N/A	N/A	$272.3M+11.1%	$239.6M-7.1%	N/A	$261.5M+8.7%
Investing Cash Flow	-$409.2M-1116.1%	-$853.5M-259.8%	-$642.2M-49.8%	-$166.9M+70.8%	-$33.7M+78.5%	$534.0M+219.1%	-$428.8M-2660.6%	-$572.4M-202.2%
Financing Cash Flow	$104.1M-40.7%	$633.5M+158.6%	-$228.4M-317.8%	$74.1M-89.4%	$175.6M+182.5%	-$1.1B-283.2%	$104.9M-70.5%	$701.6M+8833.4%
Dividends Paid	$220.9M+5.8%	$221.1M+5.7%	$220.8M+5.9%	$220.7M+5.9%	$208.9M+1.2%	$209.1M+1.2%	$208.6M+5.7%	$208.5M+8.6%

Not reported in any period shown, so not listed: Share Buybacks.

GLPI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

GLPI quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	100.0%0.0pp	100.0%+4.4pp	95.6%+0.6pp	95.1%+1.6pp	93.5%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	75.3%+1.5pp	73.8%-0.4pp	74.2%-4.3pp	78.5%+9.3pp	69.2%-1.0pp	70.2%+8.0pp	62.2%+5.9pp	56.3%-6.1pp	62.3%+4.3pp	58.0%+13.3pp	44.8%+1.0pp	43.7%+20.9pp	22.9%+2.2pp	20.7%-1.9pp	22.7%
Net Margin	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-43.9pp	43.9%+10.0pp	33.9%+1.7pp	32.2%-7.0pp	39.2%+4.2pp	34.9%+12.7pp	22.3%-1.2pp	23.5%+17.2pp	6.3%-4.6pp	10.9%-0.6pp	11.5%
Return on Equity	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-18.9pp	18.9%+0.1pp	18.8%+3.9pp	15.0%-0.5pp	15.5%+3.6pp	11.9%	N/A	N/A	10.8%+1.1pp	9.7%-2.4pp	12.1%
Return on Assets	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%0.0pp	0.0%-5.6pp	5.6%+1.0pp	4.6%+0.7pp	4.0%-1.3pp	5.3%+1.3pp	3.9%-1.3pp	5.2%-0.3pp	5.5%+4.9pp	0.6%-8.0pp	8.6%	N/A
Debt-to-Equity	1.56-0.3x	1.81+0.2x	1.59+0.1x	1.49-0.4x	1.93-0.2x	2.15-0.9x	3.07+0.5x	2.58+0.8x	1.81-0.1x	1.92	N/A	N/A	17.10+17.0x	0.13	N/A
Asset Turnover	0.120.0x	0.120.0x	0.120.0x	0.120.0x	0.110.0x	0.130.0x	0.140.0x	0.120.0x	0.130.0x	0.11-0.1x	0.230.0x	0.23+0.1x	0.09-0.7x	0.79	N/A
FCF Margin	N/A	N/A	N/A	N/A	64.9%+27.9pp	37.1%-28.0pp	65.0%+3.1pp	62.0%+0.4pp	61.6%-0.4pp	62.1%+9.3pp	52.8%+30.1pp	22.7%-6.4pp	29.1%+17.3pp	11.8%-10.5pp	22.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	77.2%+15.9pp	79.4%+13.9pp	89.3%+10.2pp	84.8%+14.4pp	61.3%-15.8pp	65.5%-3.0pp	79.1%-0.9pp	70.4%-4.2pp
Net Margin	53.1%+14.7pp	55.2%+13.4pp	-137.0%	60.7%+12.7pp	38.4%-16.4pp	41.8%-4.6pp	-145.6%	47.9%-3.3pp
Return on Equity	4.6%+1.3pp	5.0%+1.1pp	-12.1%+1.2pp	5.3%+0.9pp	3.3%-1.7pp	3.9%-0.3pp	-13.3%-0.7pp	4.3%-0.3pp
Return on Assets	1.6%+0.4pp	1.7%+0.3pp	-4.3%0.0pp	1.9%+0.4pp	1.2%-0.6pp	1.4%-0.1pp	-4.3%+0.1pp	1.5%-0.2pp
Debt-to-Equity	1.62+0.1x	1.74+0.1x	1.56-0.3x	1.57-0.2x	1.51-0.1x	1.630.0x	1.81+0.2x	1.74+0.2x
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x
FCF Margin	N/A	37.8%-22.8pp	N/A	N/A	69.0%+4.6pp	60.6%-8.0pp	N/A	67.9%+1.0pp

Not reported in any period shown, so not listed: Gross Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Gaming and Leisure Properties, Inc. GLPI	FY2025	$1.6B	$825	0.0%	$11.0B	45/100
Lamar Advertising Co LAMR	FY2025	$2.3B	$587.2M	25.9%	$14.6B	60/100
SBA Communications Corp SBAC	FY2025	$2.8B	$1.1B	37.4%	$16.8B	52/100
Weyerhaeuser Company WY	FY2025	$6.9B	$324.0M	4.7%	$13.3B	44/100
Iron Mountain Inc. IRM	FY2025	$6.9B	$152.3M	2.2%	$33.8B	39/100
Crown Castle Inc. CCI	FY2025	$4.3B	$444.0M	10.4%	$28.3B	26/100

Where Gaming and Leisure Properties, Inc. Ranks

Frequently Asked Questions

What is Gaming and Leisure Properties, Inc.'s annual revenue?

Gaming and Leisure Properties, Inc. (GLPI) reported $1.6B in total revenue for fiscal year 2025. This represents a 4.1% 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 Leisure Properties, Inc.'s revenue growing?

Gaming and Leisure Properties, Inc. (GLPI) revenue grew by 4.1% year-over-year, from $1.5B to $1.6B in fiscal year 2025.

Is Gaming and Leisure Properties, Inc. profitable?

Yes, Gaming and Leisure Properties, Inc. (GLPI) reported a net income of $825 in fiscal year 2025, with a net profit margin of 0.0%.

What is Gaming and Leisure Properties, Inc.'s EBITDA?

Gaming and Leisure Properties, Inc. (GLPI) had EBITDA of $1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Gaming and Leisure Properties, Inc. have?

As of fiscal year 2025, Gaming and Leisure Properties, Inc. (GLPI) had $224.3M in cash and equivalents against $7.2B in long-term debt.

What is Gaming and Leisure Properties, Inc.'s operating margin?

Gaming and Leisure Properties, Inc. (GLPI) had an operating margin of 75.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Gaming and Leisure Properties, Inc.'s net profit margin?

Gaming and Leisure Properties, Inc. (GLPI) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Gaming and Leisure Properties, Inc. pay dividends?

Yes, Gaming and Leisure Properties, Inc. (GLPI) paid $3.10 per share in dividends during fiscal year 2025.

What is Gaming and Leisure Properties, Inc.'s return on equity (ROE)?

Gaming and Leisure Properties, Inc. (GLPI) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Gaming and Leisure Properties, Inc.'s operating cash flow?

Gaming and Leisure Properties, Inc. (GLPI) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Gaming and Leisure Properties, Inc.'s total assets?

Gaming and Leisure Properties, Inc. (GLPI) had $12.9B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Gaming and Leisure Properties, Inc. have outstanding?

Gaming and Leisure Properties, Inc. (GLPI) had 283M shares outstanding as of fiscal year 2025.

What is Gaming and Leisure Properties, Inc.'s debt-to-equity ratio?

Gaming and Leisure Properties, Inc. (GLPI) had a debt-to-equity ratio of 1.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Gaming and Leisure Properties, Inc.'s return on assets (ROA)?

Gaming and Leisure Properties, Inc. (GLPI) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Gaming and Leisure Properties, Inc.'s P/E ratio?

Gaming and Leisure Properties, Inc. (GLPI) trades at 76.3x earnings, its market capitalization divided by net income of $143.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $11.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Gaming and Leisure Properties, Inc.'s price-to-sales ratio?

Gaming and Leisure Properties, Inc. (GLPI) trades at 6.6x sales, its market capitalization divided by revenue of $1.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $11.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Gaming and Leisure Properties, Inc.'s Piotroski F-Score?

Gaming and Leisure Properties, Inc. (GLPI) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Gaming and Leisure Properties, Inc.'s earnings high quality?

Gaming and Leisure Properties, Inc. (GLPI) reported $825 of net income while generating $1.1B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 Leisure Properties, Inc. cover its interest payments?

Gaming and Leisure Properties, Inc. (GLPI) has an interest coverage ratio of 3.21x, 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 Leisure Properties, Inc.?

Gaming and Leisure Properties, Inc. (GLPI) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.