Saturday 17 October 2026 Export GLPI’s income statement to Excel — free account

Gaming and Leisure Properties, Inc.

Gaming and Leisure Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 4.13% from fiscal 2024. In the quarter to June 2026, revenue grew 9.03%, EPS grew 45.5%, free cash flow fell 42.8% and total debt rose 17.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five; insiders bought in the last twelve months.

39.28 0.20 +0.51%

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Market cap: $11.4B
P/E: 11.5×
Fwd P/E: 14.4×
Dividend yield: 8.15%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.42

Total sells 3.53

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	1	—	—
Sell	1	1	1	3	—	—	—	1	—	—	—	—

Insider Ownership 2.33%

Capital & Financial Ratios $m

Market Cap 11,370.00

Revenue 1,655.15

Net Income 998.18

Free Cash Flow 627.73

Net Debt 7,820.16

Current Ratio 4.74

Debt/Equity 1.51

P/E ratio 11.52

Fwd P/E 14.40

P/S ratio 6.78

P/B ratio 2.09

Past 5Y EPS Growth 5.10%

This Y EPS Growth 9.51%

Next Y EPS Growth 3.21%

Next Y revenue growth 8.48%

Next 5Y EPS Growth 5.71%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 0.88%

10-year low 10-year high

P/S against its own 10 years 8.55%

10-year low 10-year high

P/B against its own 10 years 0.93%

10-year low 10-year high

EV/Sales against its own 10 years 8.07%

10-year low 10-year high

EV/FCF against its own 10 years 90.97%

10-year low 10-year high

Dividends

Payout Ratio 0.94

Annual Dividend Rate 3.20

Annual Dividend Yield 8.15%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.23	0.78 0.82 0.82
2025	3.10	0.76 0.78 0.78 0.78
2024	3.04	0.76 0.76 0.76 0.76
2023	2.90	0.72 0.72 0.73 0.73
2022	2.81	0.69 0.71 0.71 0.71
2021	2.66	0.65 0.67 0.67 0.67 0.24
2020	1.03	0.68 0.12 0.12 0.12
2019	2.64	0.66 0.66 0.66 0.68
2018	2.48	0.61 0.61 0.61 0.66
2017	2.41	0.60 0.60 0.61 0.61
2016	2.24	0.54 0.54 0.58 0.58

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	684	1,023	224	319
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	723	1,184	472	615

	2023	2024	2025	Q'26
Payables	7	6	7	8
ST’ Debt	—	—	—	—
Other	—	—	—	—
	98	119	123	130

Compound Annual Growth %

	10y	5y	3y
Sales	10.74%	6.70%	6.73%
Cash Flow	13.45%	21.41%	7.07%
Earnings	20.52%	10.29%	6.42%
Book Value	0.00%	13.36%	6.74%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	420	431	—	—	—
’25	395	395	398	407	1,595
’24	376	381	385	390	1,532
’23	355	357	360	369	1,440
’22	315	327	334	336	1,312
’21	302	318	299	298	1,216
’20	283	262	308	300	1,153

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	270	350	—	—	—
’25	252	293	240	343	1,129
’24	258	252	270	292	1,073
’23	241	252	253	263	1,009
’22	233	225	241	221	920
’21	205	197	213	188	804
’20	199	31	81	118	428

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	159	156	—	—	—
’25	240	272	217	96	825
’24	258	246	262	267	1,033
’23	231	235	241	255	962
’22	231	218	383	213	1,045
’21	204	196	215	175	790
’20	198	30	80	116	424

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.82	0.80	—	—	—
’25	0.58	0.54	0.85	0.94	2.95
’24	0.64	0.77	0.67	0.79	2.87
’23	0.70	0.59	0.70	0.78	2.77
’22	0.48	0.61	0.85	0.75	2.70
’21	0.54	0.59	0.63	0.50	2.26
’20	0.45	0.52	0.58	0.74	2.30

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	24.21	30.22	31.19	31.63	13.04	39.08	41.81	43.54	41.80	41.17	Analyst estimates 2026–2028 Powerpack
	High	35.98	39.32	37.01	43.22	50.99	51.46	53.43	55.13	52.60	52.25
People
People	Employees	751	714	644	648	560	17	17	18	19	20
	Revenue/emp, $m	1.10	1.36	1.64	1.78	2.06	71.55	77.16	80.02	80.61	79.74
Income, $m
Income, $m	Revenue	828	971	1,056	1,153	1,153	1,216	1,312	1,440	1,532	1,595
	Gross margin, %	81.66	83.00	84.29	93.52	95.08	95.64	100.00	100.00	100.00	100.00
	EBT	297	390	344	396	510	562	720	757	810	853
	EBT margin, %	35.84	40.19	32.63	34.30	44.19	46.24	54.92	52.58	52.87	53.46
	Net income	289	381	340	391	506	534	703	755	808	850
	Depreciation	131	137	161	270	253	262	265	286	285	296
Per share, $
Per share, $	Revenue	4.64	4.61	4.94	5.37	5.27	5.17	5.19	5.45	5.61	5.70
	Earnings	1.62	1.80	1.59	1.81	2.31	2.27	2.71	2.78	2.87	2.95
	Cash flow	2.88	2.84	3.06	3.50	1.96	3.41	3.64	3.82	3.93	4.04
	Capex	(0.01)	(0.01)	(0.01)	(0.01)	(0.02)	(0.06)	0.49	(0.18)	(0.15)	(1.09)
	Free cash flow	2.87	2.83	3.06	3.48	1.94	3.35	4.13	3.64	3.79	2.95
	Book value	13.63	11.67	10.60	9.66	12.22	14.40	16.30	17.08	17.03	17.91
	Shares, m	179	211	214	215	219	235	253	264	273	280
Valuation, ×
Valuation, ×	P/E	19.74	20.23	20.45	23.78	18.43	21.44	19.03	17.94	16.78	15.20
	P/S	6.64	7.94	6.54	8.01	8.05	9.42	9.86	9.14	8.58	7.84
	P/B	2.26	3.14	3.05	4.46	3.47	3.38	3.14	2.92	2.83	2.50
	EV/Sales	12.23	12.49	12.06	12.96	12.61	14.26	14.39	13.31	13.00	12.25
	EV/FCF	19.78	20.34	19.49	20.00	34.27	21.96	18.07	19.93	19.27	23.68
Cash, $m
Cash, $m	Operating cash flow	514	599	654	750	428	804	920	1,009	1,073	1,129
	Capex	(2)	(2)	(1)	(3)	(4)	(14)	125	(47)	(40)	(304)
	Free cash flow	512	596	653	747	424	790	1,045	962	1,033	825
Balance, $m
Balance, $m	Working capital	11	(11)	247	249	408	582	143	625	1,065	349
	Total debt	4,665	4,443	5,853	5,738	5,755	6,606	6,182	6,682	7,797	7,265
	Net debt	4,628	4,414	5,828	5,711	5,268	5,881	5,943	5,998	6,773	7,041
	Shareholders’ equity	2,434	2,458	2,266	2,074	2,675	3,390	4,118	4,509	4,646	5,008
Returns, %
Returns, %	ROA	5.88	5.20	4.29	4.60	5.79	5.41	6.33	6.46	6.31	6.35
	ROIC	4.25	5.51	4.59	5.76	6.37	5.67	6.40	6.36	6.19	6.23
	ROE	26.48	15.53	14.35	18.01	21.30	17.61	18.24	17.02	17.14	17.09

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CCI Crown Castle Inc.	$34.0B	41.5×	46.8×	−4.91% (below 0%: shrinking)	−67.16% (below 0%: shrinking)	−40.40% (below 0%: shrinking)	73.41%	46.63%	Compare
IRM Iron Mountain Incorporated	$33.6B	80.4×	64.9×	+18.52% (above 0%: growing)	n/m	+58.56% (above 0%: growing)	52.76%	18.41%	Compare
SBAC SBA Communications Corporation	$19.5B	20.1×	27.6×	+2.33% (above 0%: growing)	−10.95% (below 0%: shrinking)	+11.32% (above 0%: growing)	75.39%	49.19%	Compare
LAMR Lamar Advertising Company	$15.0B	27.4×	25.6×	+6.46% (above 0%: growing)	+3.95% (above 0%: growing)	+8.91% (above 0%: growing)	68.51%	33.72%	Compare
WY Weyerhaeuser Company	$14.0B	29.7×	56.6×	−0.90% (below 0%: shrinking)	+91.67% (above 0%: growing)	+29.41% (above 0%: growing)	16.66%	11.94%	Compare
GLPI Gaming and Leisure Properties, Inc.	$11.4B	11.5×	14.4×	+9.03% (above 0%: growing)	+45.45% (above 0%: growing)	−42.77% (below 0%: shrinking)	100.00%	77.21%
RYN Rayonier Inc.	$5.7B	41.3×	53.8×	+272.15% (above 0%: growing)	−97.72% (below 0%: shrinking)	−88.66% (below 0%: shrinking)	19.08%	8.73%	Compare
OUT OUTFRONT Media Inc.	$5.3B	21.7×	23.1×	+13.54% (above 0%: growing)	+340.00% (above 0%: growing)	+167.78% (above 0%: growing)	52.90%	22.22%	Compare
EPR EPR Properties	$4.2B	17.7×	19.0×	+10.11% (above 0%: growing)	−12.09% (below 0%: shrinking)	−498.03% (below 0%: shrinking)	92.16%	54.59%	Compare
Median of peers	$14.5B	28.6×	37.2×	+8.29%	−10.95%	+10.11%	60.71%	27.97%

All 18 Reit Specialty stocks →

Gaming and Leisure Properties, Inc. (GLPI) key facts

Strength: Gaming and Leisure Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 4.13% from fiscal 2024.
Gaming and Leisure Properties, Inc. (GLPI) is a Reit Specialty company in the Real Estate sector, listed on Nasdaq.
As of October 16, 2026, GLPI traded at $39.28, a market capitalization of $11.4 billion.
Gaming and Leisure Properties, Inc. pays an annual dividend of $3.20 per share, a yield of 8.15%, with a payout ratio of 93.8%.
Return on equity was 17.1% and debt-to-equity 1.51.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.