Gaming and Leisure Properties, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:08:22Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | 1.07B | 1.01B | 919.97M | 789.85M | 427.60M |
| EBITDA | 1.48B | 1.40B | 1.35B | 1.28B | 1.09B | 1.05B |
| Net Debt | 7.28B | 7.58B | 6.19B | 6.13B | 5.93B | 5.42B |
| Gross Margin | — | — | — | — | 51.65% | 44.95% |
| Operating Margin | 75.34% | 73.83% | — | — | 767.39% | 785.71% |
| Net Margin | 51.74% | 51.23% | — | — | 486.86% | 490.99% |
| Return on Equity (ROE) | 17.83% | 18.38% | 17.66% | 16.63% | 15.75% | 18.91% |
| Return on Assets (ROA) | 6.39% | 6.00% | 6.22% | 6.26% | 5.00% | 5.60% |
| Debt-to-Equity | 1.62× | 1.88× | 1.65× | 1.55× | 1.96× | 2.21× |
| Effective Tax Rate | 0.26% | 0.26% | 0.26% | 2.37% | 5.04% | 0.76% |
| Cash Conversion Ratio | 1.37× | 1.37× | 1.37× | 1.34× | 1.51× | 0.85× |
| Accruals Ratio | -0.02× | -0.02× | -0.02× | -0.02× | -0.03× | 0.01× |
| SBC % of Revenue | 1.33% | 1.58% | — | — | 15.34% | 19.42% |
| CapEx Coverage | — | 8005.75× | 15065.25× | 5786.96× | 57.72× | 903.12× |
| Free Cash Flow Per Share | — | $3.92 | $3.81 | $3.62 | $3.34 | $1.95 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 15.15× | 16.78× | 17.82× | 19.29× | 21.53× | 18.43× |
| P/FCF | — | 12.28× | 12.96× | 14.37× | 14.55× | 21.79× |
| FCF Yield | — | 8.14% | 7.72% | 6.96% | 6.87% | 4.59% |
| EV / EBITDA | 13.43× | 14.81× | 14.54× | 15.34× | 16.42× | 14.52× |
| P/S | 7.93× | 8.63× | — | — | 109.66× | 95.69× |
| P/B | 2.73× | 3.10× | 3.22× | 3.30× | 3.55× | 3.68× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | 0 | 0 | 109.69M | 103.00M |
| Revenues | 1.59B | 1.53B | 1.44B | 1.31B | 1.22B | 1.15B |
| Cost of Goods and Services Sold | — | — | 0 | 0 | 53.04M | 56.70M |
| Operating Expenses | — | — | — | — | — | 343.89M |
| Operating Income (Loss) | 1.20B | 1.13B | 1.07B | 1.03B | 841.77M | 809.27M |
| Income Tax Expense (Benefit) | 2.23M | 2.13M | 2.00M | 17.05M | 28.34M | 3.88M |
| Net Income (Loss) Attributable to Parent | 825.11M | 784.62M | 734.28M | 684.65M | 534.05M | 505.71M |
| Earnings Per Share, Basic | $2.95 | $2.87 | $2.78 | $2.71 | $2.27 | $2.31 |
| Weighted Average Number of Shares Outstanding, Basic | 279.61M | 272.80M | 264.05M | 252.72M | 235.47M | 218.82M |
| Earnings Per Share, Diluted | $2.95 | $2.87 | $2.77 | $2.70 | $2.26 | $2.30 |
| Weighted Average Number of Shares Outstanding, Diluted | 280.04M | 273.53M | 264.99M | 253.85M | 236.23M | 219.77M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Assets | 12.91B | 13.08B | 11.81B | 10.93B | 10.69B | 9.03B |
| Long-term Debt | 7.20B | 7.74B | 6.63B | 6.13B | 6.55B | 5.75B |
| Liabilities | 7.90B | 8.43B | 7.30B | 6.81B | 7.30B | 6.36B |
| Stockholders' Equity Attributable to Parent | 4.63B | 4.27B | 4.16B | 4.12B | 3.39B | 2.68B |
| Common Stock, Shares, Outstanding | 283.04M | 274.42M | 270.92M | 260.73M | 247.21M | 232.45M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.13B | 1.07B | 1.01B | 920.13M | 803.78M | 428.08M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | 13.93M | 474.00K |
| Net Cash Provided by (Used in) Investing Activities | -308.76M | -1.61B | -650.83M | -354.49M | -1.03B | -9.49M |
| Payments of Dividends | 871.87M | 830.72M | 833.98M | 770.86M | 633.90M | 230.52M |
| Net Cash Provided by (Used in) Financing Activities | -1.06B | 311.82M | 86.35M | -1.05B | 443.07M | 63.17M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 158.75M | — | 728.72M | 511.93M | 239.59M | 308.21M |
| EBITDA | 402.66M | 431.81M | — | — | 328.12M | 376.41M |
| Net Debt | 8.10B | 7.28B | 6.75B | 6.59B | 7.03B | 7.58B |
| Operating Margin | 79.37% | 89.28% | 84.80% | 61.30% | 65.49% | 79.11% |
| Net Margin | 55.20% | 65.67% | 60.66% | 38.35% | 41.79% | 55.75% |
| Return on Equity (ROE) | 5.00% | 5.78% | 5.27% | 3.32% | 3.92% | 5.09% |
| Return on Assets (ROA) | 1.68% | 2.07% | 1.89% | 1.21% | 1.36% | 1.66% |
| Debt-to-Equity | 1.81× | 1.62× | 1.64× | 1.58× | 1.71× | 1.88× |
| Effective Tax Rate | 0.23% | 0.20% | 0.22% | 0.35% | 0.33% | 0.25% |
| Cash Conversion Ratio | 1.17× | 1.28× | 3.26× | 3.60× | 1.53× | 1.35× |
| Accruals Ratio | -0.00× | -0.01× | -0.04× | -0.03× | -0.01× | -0.01× |
| SBC % of Revenue | 1.93% | 1.13% | 4.17% | 3.80% | 2.24% | 1.35% |
| CapEx Coverage | 2.42× | — | 13.68× | 16.08× | 19.56× | -18.51× |
| Free Cash Flow Per Share | $0.56 | — | $2.57 | $1.84 | $0.87 | $1.13 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 14.04× | 15.20× | 16.77× | 17.95× | 17.99× | 16.78× |
| P/S | 7.76× | 7.93× | 8.36× | 8.44× | 9.02× | 8.63× |
| P/B | 2.71× | 2.73× | 2.88× | 2.90× | 3.32× | 3.10× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 419.99M | 407.03M | 397.61M | 394.88M | 395.24M | 389.62M |
| Operating Income (Loss) | 333.35M | 363.39M | 337.16M | 242.06M | 258.83M | 308.21M |
| Income Tax Expense (Benefit) | 560.00K | 560.00K | 560.00K | 545.00K | 564.00K | 565.00K |
| Net Income (Loss) Attributable to Parent | 231.83M | 267.30M | 241.19M | 151.44M | 165.18M | 217.21M |
| Earnings Per Share, Basic | $0.82 | $0.95 | $0.85 | $0.55 | $0.60 | $0.79 |
| Weighted Average Number of Shares Outstanding, Basic | 283.22M | 279.61M | 283.01M | 277.44M | 274.83M | 272.80M |
| Earnings Per Share, Diluted | $0.82 | $0.95 | $0.85 | $0.54 | $0.60 | $0.79 |
| Weighted Average Number of Shares Outstanding, Diluted | 283.56M | 280.04M | 283.50M | 277.80M | 275.40M | 273.53M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets | 13.77B | 12.91B | 12.79B | 12.49B | 12.13B | 13.08B |
| Long-term Debt | 8.08B | 7.20B | 7.20B | 6.89B | 6.89B | 7.74B |
| Liabilities | 8.73B | 7.90B | 7.83B | 7.56B | 7.54B | 8.43B |
| Stockholders' Equity Attributable to Parent | 4.63B | 4.63B | 4.58B | 4.55B | 4.22B | 4.27B |
| Common Stock, Shares, Outstanding | 283.22M | 283.04M | 283.01M | 283.01M | 274.83M | 274.42M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 270.23M | 343.24M | 786.17M | 545.87M | 252.49M | 292.41M |
| Net Cash Provided by (Used in) Investing Activities | -853.54M | -642.24M | 333.48M | 500.35M | 534.00M | -428.80M |
| Payments of Dividends | 221.07M | 220.94M | 650.93M | 429.99M | 209.06M | 208.78M |
| Net Cash Provided by (Used in) Financing Activities | 633.51M | -228.41M | -830.57M | -904.69M | -1.08B | 104.88M |
Raw XBRL tagging for a single filing
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with a fallback chain). Non-USD rows, rows without a
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (GLPI CIK 0001575965),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.