Valuation, 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 $1.69B and net income of $935.18M for the fiscal year ended 2026-09-30. This page shows 1 annual period 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 |
|---|---|
| Revenue | $1.69B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | $1.34B |
| Net income | $935.18M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $965.79M |
| Income tax expense | $2.26M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $56.37M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | Unavailable |
| Total assets | $14.10B |
| Current assets | Unavailable |
| Total liabilities | $8.74B |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $5.35B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | Unavailable |
| Long-term debt | $8.08B |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $1.24B |
| Capital expenditures | Unavailable |
| Investing cash flow | -$2.09B |
| Financing cash flow | $262.40M |
| Net change in cash | -$585.96M |
| Stock-based compensation | $22.06M |
| Common dividends paid | $918.70M |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $282.14M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | Unavailable |
| Operating margin | 79.1% |
| FCF margin | Unavailable |
| SBC / revenue | 1.3% |
| Current ratio | Unavailable |
| Revenue YoY growth | 7.3% |
| Net margin | 55.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 1.51x |
| Effective tax rate | 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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.