Gaming and Leisure Properties, Inc.

GLPINASDAQReal Estate● Active

$46.60

$-0.57(-1.21%)

Market Cap$13.2B

P/E Ratio—

52W High$49.95

52W Low$41.17

Avg Volume2.1M

Open$47.05

Beta0.69

Free Cash Flow Financials Revenue

Gaming and Leisure Properties, Inc. (GLPI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

GLPI · free cash flow · updated Jun 8, 2026

Core FCF metrics

GLPI · FCF · TTM · margin & CAGR

Free cash flow was $825.0M for FY2025 (fiscal year ending 2025-12-31), down 20.1% year-over-year The FCF margin was 51.7%. Five-year CAGR stands at +14.2%.

FY2025 Free Cash Flow$825.0M▼ -20.1% YoY

Trailing 12M (TTM)$744.1Mtrailing 4 quarters sum

FCF Margin51.7%$825.0M ÷ revenue

3-Year CAGR-2.7%FY2022 → FY2025

5-Year CAGR+14.2%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

GLPI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.13B(304M)$825.0M▼ 20.1%51.7%

FY2024$1.07B(40M)$1.03B▲ +7.4%67.5%

FY2023$1.01B(47M)$961.9M▲ +7.3%66.8%

FY2022$920.1M(24M)$896.1M▲ +13.8%68.3%

FY2021$803.8M(16M)$787.6M▲ +85.5%64.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

GLPI · P/FCF · FCF yield · FCF per share

Gaming and Leisure Properties, Inc. (GLPI) trades at a FCF yield of 5.60% and a price-to-free-cash-flow ratio of 17.5x. FCF per share stands at $2.66, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

5.60%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.66

TTM FCF ÷ Shares Outstanding

Price / FCF

x17.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x28.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

GLPI · cash flow statement · operating / investing / financing

For FY2025, Gaming and Leisure Properties, Inc. generated $1.13B in operating cash flow and spent 304M in capital expenditures, yielding $825.0M in free cash flow.

Operating Activities

+$1.13B

Cash from core business operations

2025-12-31

Investing Activities

−$308.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.06B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.13B) − |CapEx| (304M) = FCF ($825.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

GLPI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Gaming and Leisure Properties, Inc.YOU

GLPI

$825.0M-20.1%51.7%

16%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Gaming and Leisure Properties, Inc. (GLPI) reported free cash flow of $825.0M for FY2025 (fiscal year ending 2025-12-31), down 20.1% year-over-year. The FCF margin was 51.7%.

Based on available data, Gaming and Leisure Properties, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.03B in FY2024. The 5-year CAGR stands at +14.2%.

Gaming and Leisure Properties, Inc.'s FCF yield is 5.60% and price-to-FCF ratio is 17.5x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

GLPI free cash flow · 8 questions

Gaming and Leisure Properties, Inc. free cash flow was $825.0M for FY2025, down 20.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $744.1M.

GLPI free cash flowGLPI FCFGLPI FCF 2025GLPI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Gaming and Leisure Properties, Inc. · Gaming and Leisure Properties, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026