GLPI (Gaming and Leisure Properties, Inc.) Stock Financials & Earnings | Market Cap Arena

GLPI (Gaming and Leisure Properties, Inc.) Stock Financials & Earnings | Market Cap Arena

GLPIGaming and Leisure Properties, Inc.

Mkt Cap$14B

Real Estate·REIT - Specialty·🇺🇸 United States·NASDAQ

Revenue (TTM)$1.6B

Net Income (TTM)$825M

EPS (TTM)$2.94

Free Cash Flow (TTM)$825M

Gross Margin62.1%

Op. Margin75.3%

Net Margin51.7%

FCF Margin51.7%

P/S Ratio (TTM)8.7x

P/E Ratio (TTM)16.9x

YoY Rev Growth+4.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$355M	$343M	$267M
Q2 23	$357M	$345M	$238M
Q3 23	$360M	$349M	$268M
Q4 23	$369M	$357M	$295M
Q1 24	$376M	$364M	$258M
Q2 24	$381M	$369M	$293M
Q3 24	$385M	$374M	$271M
Q4 24	$390M	$377M	$308M
Q1 25	$395M	$382M	$259M
Q2 25	$395M	$381M	$242M
Q3 25	$398M	$384M	$337M
Q4 25	$407M	-$156M	$363M

Valuation

Quarter	P/S	P/E
Q1 23	10.3x	18.6x
Q2 23	10.1x	18.5x
Q3 23	9.9x	19.4x
Q4 23	9.7x	18.9x
Q1 24	9.5x	19.2x
Q2 24	9.4x	17.9x
Q3 24	9.2x	17.9x
Q4 24	9.1x	17.7x
Q1 25	9.0x	17.9x
Q2 25	8.9x	19.4x
Q3 25	8.8x	18.0x
Q4 25	8.7x	16.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$241M	$231M
Q2 23	$252M	$235M
Q3 23	$253M	$241M
Q4 23	$263M	$255M
Q1 24	$258M	$258M
Q2 24	$252M	$245M
Q3 24	$270M	$262M
Q4 24	$292M	$269M
Q1 25	$252M	$240M
Q2 25	$293M	$272M
Q3 25	$240M	$217M
Q4 25	$343M	$96M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$10M
Q2 23	$17M
Q3 23	$13M
Q4 23	$8M
Q1 24	$103K
Q2 24	$8M
Q3 24	$8M
Q4 24	$24M
Q1 25	$13M
Q2 25	$21M
Q3 25	$23M
Q4 25	$247M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+12.8%	-23.3%
Q2 23	+9.2%	+32.3%
Q3 23	+7.7%	+461.5%
Q4 23	+9.7%	+21.0%
Q1 24	+5.8%	+33.9%
Q2 24	+6.7%	-26.3%
Q3 24	+7.2%	+24.8%
Q4 24	+5.6%	+10.4%
Q1 25	+5.1%	+15.2%
Q2 25	+3.7%	+75.2%
Q3 25	+3.2%	-46.9%
Q4 25	+4.5%	-46.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$8M	2.2%
Q2 23	$5M	1.4%
Q3 23	$5M	1.4%
Q4 23	$5M	1.3%
Q1 24	$8M	2.2%
Q2 24	$5M	1.4%
Q3 24	$5M	1.4%
Q4 24	$5M	1.3%
Q1 25	$9M	2.2%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	-$9M	-2.2%

OpEx Breakdown

Quarter	G&A
Q1 23	$16M
Q2 23	$13M
Q3 23	$14M
Q4 23	$14M
Q1 24	$18M
Q2 24	$14M
Q3 24	$13M
Q4 24	$14M
Q1 25	$19M
Q2 25	$16M
Q3 25	$17M
Q4 25	$51M

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$7M	$0	$7M
Q2 23	$9M	$0	$9M
Q3 23	$81M	$0	$81M
Q4 23	$684M	$0	$684M
Q1 24	$212M	$343M	$555M
Q2 24	$94M	$348M	$442M
Q3 24	$494M	$554M	$1.0B
Q4 24	$463M	$561M	$1.0B
Q1 25	$169M	$0	$169M
Q2 25	$604M	$0	$604M
Q3 25	$752M	$0	$752M
Q4 25	$224M	$0	$224M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	263M	+0.9%
Q2 23	263M	+0.3%
Q3 23	264M	+0.3%
Q4 23	270M	+2.1%
Q1 24	272M	+0.9%
Q2 24	272M	+0.0%
Q3 24	275M	+1.0%
Q4 24	274M	-0.5%
Q1 25	274M	+0.0%
Q2 25	278M	+1.6%
Q3 25	283M	+2.0%
Q4 25	280M	-1.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$788K	807
FY 15	$726K	792
FY 16	$1M	751
FY 17	$1M	714
FY 18	$2M	644
FY 19	$2M	648
FY 20	$2M	560
FY 21	$72M	17
FY 22	$77M	17
FY 23	$80M	18
FY 24	$81M	19
FY 25	$16M	100