Revenue
$435.45M
Fiscal year ended 2026-09-30Operating income
$309.94M
Fiscal year ended 2026-09-30Free cash flow
Unavailable
Fiscal year ended 2026-09-30Valuation, from the filing
| Public float | $12.70B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $44.84 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 15.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 8.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 2.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
15.4× earnings today, against a median of 18.0× across 10 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $12.70B | 15.4× | |
| 2024-06-30 | $11.80B | 15.0× | |
| 2023-06-30 | $12.20B | 16.6× | |
| 2022-06-30 | $10.80B | 15.8× | |
| 2021-06-30 | $10.30B | 19.3× | |
| 2020-06-30 | $7.10B | 14.0× | |
| 2019-12-31 | $7.90B | 20.2× | |
| 2018-06-30 | $7.20B | 21.2× | |
| 2017-06-30 | $7.60B | 20.0× | |
| 2016-06-30 | $6.60B | 22.8× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Operating margin | 75.3% | 99th | |
| Net margin | 51.7% | 92th | |
| Effective tax rate | 0.3% | 36th | |
| Long-term debt / equity | 1.44x | 63th | |
| SBC / revenue | 1.3% | 38th | |
| Revenue YoY growth | 4.1% | 56th |
Gaming & Leisure Properties, Inc. (GLPI) reported revenue of $435.45M and net income of $207.64M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Gaming & Leisure Properties, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $435.45M | $430.52M | $419.98M | $407.03M | $397.61M | $394.88M | $395.24M | $389.62M | $385.34M | $380.63M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $309.94M | $332.39M | $333.35M | $363.39M | $337.16M | $242.06M | $258.83M | $308.21M | $271.44M | $293.43M |
| Net income | $207.64M | $228.42M | $231.83M | $267.30M | $241.19M | $151.44M | $165.18M | $217.21M | $184.69M | $208.25M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 291.07M | shares 285.86M | shares 283.56M | Unavailable | shares 283.50M | shares 277.80M | shares 275.40M | Unavailable | shares 274.80M | shares 272.06M |
| Pretax income | $214.36M | $235.54M | $239.96M | $275.92M | $249.04M | $156.71M | $170.92M | $224.18M | $190.62M | $214.82M |
| Income tax expense | $534.00K | $601.00K | $560.00K | $560.00K | $560.00K | $545.00K | $564.00K | $565.00K | $515.00K | $412.00K |
| Diluted EPS | $0.71 | $0.80 | $0.82 | Unavailable | $0.85 | $0.54 | $0.60 | Unavailable | $0.67 | $0.77 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $12.87M | $13.24M | $17.94M | $12.32M | $16.55M | $15.91M | $18.71M | $14.36M | $13.47M | $13.85M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total assets | $14.10B | $14.16B | $13.77B | $12.91B | $12.79B | $12.49B | $12.13B | $13.08B | $12.68B | $11.78B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $8.74B | $8.77B | $8.73B | $7.90B | $7.83B | $7.56B | $7.54B | $8.43B | $8.06B | $7.27B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $5.35B | $5.38B | $5.04B | $5.01B | $4.96B | $4.93B | $4.59B | $4.65B | $4.62B | $4.50B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $8.08B | $8.08B | $8.08B | $7.20B | $7.20B | $6.89B | $6.89B | $7.74B | $7.41B | $6.63B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $279.70M | $349.60M | $270.23M | $343.24M | $240.31M | $293.38M | $252.49M | $292.41M | $270.40M | $252.08M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$186.12M | -$409.24M | -$853.54M | -$642.24M | -$166.87M | -$33.65M | $534.00M | -$428.80M | -$572.39M | -$156.36M |
| Financing cash flow | -$246.82M | $104.13M | $633.51M | -$228.41M | $74.12M | $175.56M | -$1.08B | $104.88M | $701.63M | -$212.77M |
| Net change in cash | -$153.25M | $44.49M | $50.20M | -$527.40M | $147.55M | $435.29M | -$293.76M | -$31.50M | $399.64M | -$117.04M |
| Stock-based compensation | $4.70M | $4.64M | $8.10M | $4.62M | $1.55M | $6.16M | $8.86M | $5.25M | $5.46M | $5.42M |
| Common dividends paid | $238.56M | $238.46M | $220.91M | $220.77M | $220.75M | $220.74M | $208.87M | $208.56M | $208.54M | $206.34M |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $73.56M | $70.85M | $69.31M | $68.41M | $71.74M | $73.50M | $69.28M | $68.20M | $68.05M | $68.54M |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 71.2% | 77.2% | 79.4% | 89.3% | Unavailable | Unavailable | 65.5% | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 1.1% | 1.1% | 1.9% | 1.1% | Unavailable | Unavailable | 2.2% | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 9.5% | 9.0% | 6.3% | 4.5% | 3.2% | 3.7% | 5.1% | 5.6% | 7.2% | 6.7% |
| Net margin | 47.7% | 53.1% | 55.2% | 65.7% | Unavailable | Unavailable | 41.8% | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 1.51x | Unavailable | Unavailable | 1.44x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open GLPI in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-10-29View SEC filing
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-04-23View SEC filing
10-K · Filed 2026-02-19View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-07-24View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.