FLL vs VICI vs GLPI vs BYD

For growth investors, Gaming and Leisure Properties, Inc.

(GLPI) is the stronger pick with 4. 1% revenue growth year-over-year, versus 3. 5% for Full House Resorts, Inc. (FLL). Boyd Gaming Corporation (BYD) offers the better valuation at 3. 9x trailing P/E (12. 3x forward), making it the more compelling value choice. Analysts rate Full House Resorts, Inc. (FLL) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Boyd Gaming Corporation (BYD) is the cheapest at 3.

9x versus Gaming and Leisure Properties, Inc. at 16. 1x. On forward P/E, VICI Properties Inc. is actually cheaper at 9. 7x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: VICI Properties Inc. wins at 1. 17x versus Gaming and Leisure Properties, Inc. 's 2. 93x — a reasonable growth-adjusted valuation.

Over the past 5 years, Boyd Gaming Corporation (BYD) delivered a total return of +46.

2%, compared to -66. 2% for Full House Resorts, Inc. (FLL). Over 10 years, the gap is even starker: BYD returned +392. 4% versus FLL's +96. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Gaming and Leisure Properties, Inc.

(GLPI) is the lower-risk stock at 0. 11β versus Full House Resorts, Inc. 's 1. 01β — meaning FLL is approximately 808% more volatile than GLPI relative to the S&P 500. On balance sheet safety, Boyd Gaming Corporation (BYD) carries a lower debt/equity ratio of 125% versus 209% for Full House Resorts, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Gaming and Leisure Properties, Inc.

(GLPI) is pulling ahead at 4. 1% versus 3. 5% for Full House Resorts, Inc. (FLL). On earnings-per-share growth, the picture is similar: Boyd Gaming Corporation grew EPS 264. 5% year-over-year, compared to 2. 0% for VICI Properties Inc.. Over a 3-year CAGR, FLL leads at 22. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

VICI Properties Inc.

(VICI) is the more profitable company, earning 69. 3% net margin versus -13. 3% for Full House Resorts, Inc. — meaning it keeps 69. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VICI leads at 91. 1% versus 1. 3% for FLL. At the gross margin level — before operating expenses — VICI leads at 99. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, VICI Properties Inc. (VICI) is the more undervalued stock at a PEG of 1. 17x versus Gaming and Leisure Properties, Inc. 's 2. 93x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, VICI Properties Inc. (VICI) trades at 9. 7x forward P/E versus 14. 7x for Gaming and Leisure Properties, Inc. — 5. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FLL: 175. 0% to $9. 13.

In this comparison, GLPI (6.

6% yield), VICI (6. 1% yield), BYD (0. 8% yield) pay a dividend. FLL does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Gaming and Leisure Properties, Inc.

(GLPI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 11), 6. 6% yield, +120. 6% 10Y return). Both have compounded well over 10 years (GLPI: +120. 6%, FLL: +96. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

These companies operate in different sectors (FLL (Consumer Cyclical) and VICI (Real Estate) and GLPI (Real Estate) and BYD (Consumer Cyclical)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: FLL is a small-cap quality compounder stock; VICI is a mid-cap deep-value stock; GLPI is a mid-cap deep-value stock; BYD is a small-cap deep-value stock. VICI, GLPI, BYD pay a dividend while FLL does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.