NASDAQ : GCMG
GCM Grosvenor Inc. — Financial statements
Financials · Asset Management · United States
Last price 12.54 USD (Oct 30, 2026, 3:08 PM EDT) · Market cap 2.54B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
GCM Grosvenor Inc. (GCMG) reported revenue of 566.90M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 561.95M | 549.29M | 507.88M | 440.35M | 442.41M | 525.07M |
| Other Revenue | 4.95M | 5.07M | 3.85M | 3.57M | 3.18M | 5.11M |
| Revenue | 566.90M | 554.36M | 511.74M | 443.92M | 445.59M | 530.18M |
| Cost of Revenue | 308.77M | 319.33M | 336.24M | 356.04M | 277.31M | 333.84M |
| Gross Profit | 258.12M | 235.03M | 175.50M | 87.87M | 168.28M | 196.34M |
| Selling, General & Admin | 107.56M | 104.78M | 104.30M | 100.80M | 88.91M | 88.35M |
| Other Operating Expenses | -4.28M | -3.20M | -2.28M | -1.08M | -937.00K | -1.41M |
| Operating Expenses | 103.28M | 101.58M | 102.02M | 99.72M | 87.97M | 86.94M |
| Operating Income | 154.85M | 133.45M | 73.48M | -11.85M | 80.31M | 109.40M |
| Interest Expense | -20.51M | -22.79M | -24.16M | -23.75M | -23.31M | -20.08M |
| Interest & Investment Income | 22.91M | 21.21M | 18.28M | 13.66M | 10.89M | 52.49M |
| Other Non Operating Income (Expenses) | 12.33M | 23.07M | -17.24M | 416.00K | 21.20M | 11.92M |
| EBT Excluding Unusual Items | 169.57M | 154.94M | 50.36M | -21.51M | 89.09M | 153.74M |
| Other Unusual Items | -400.00K | -200.00K | -675.00K | |||
| Pretax Income | 169.17M | 154.94M | 50.16M | -21.51M | 89.09M | 153.06M |
| Income Tax Expense | 16.34M | 12.90M | 13.56M | 7.69M | 9.61M | 10.99M |
| Earnings From Continuing Operations | 152.84M | 142.04M | 36.60M | -29.21M | 79.48M | 142.07M |
| Minority Interest in Earnings | -108.33M | -96.67M | -17.91M | 41.98M | -59.66M | -120.59M |
| Net Income | 44.50M | 45.37M | 18.70M | 12.77M | 19.82M | 21.48M |
| Net Income to Common | 44.50M | 45.37M | 18.70M | 12.77M | 19.82M | 21.48M |
| Shares Outstanding (Basic) | 58.29M | 51.96M | 44.74M | 43.20M | 43.87M | 43.77M |
| Shares Outstanding (Diluted) | 201.55M | 197.29M | 190.59M | 187.43M | 188.57M | 189.06M |
| EPS (Basic) | 0.76 | 0.87 | 0.42 | 0.30 | 0.45 | 0.49 |
| EPS (Diluted) | 0.51 | 0.42 | 0.03 | -0.28 | 0.28 | 0.28 |
| Free Cash Flow | 186.33M | 175.04M | 132.04M | 88.30M | 215.73M | 178.23M |
| Free Cash Flow Per Share | 0.92 | 0.89 | 0.69 | 0.47 | 1.14 | 0.94 |
| Dividend Per Share | 0.48 | 0.46 | 0.44 | 0.44 | 0.42 | 0.37 |
| Gross Margin | 45.53% | 42.40% | 34.29% | 19.79% | 37.77% | 37.03% |
| Operating Margin | 27.32% | 24.07% | 14.36% | -2.67% | 18.02% | 20.64% |
| Profit Margin | 7.85% | 8.18% | 3.65% | 2.88% | 4.45% | 4.05% |
| Free Cash Flow Margin | 32.87% | 31.57% | 25.80% | 19.89% | 48.41% | 33.62% |
| EBITDA | 159.06M | 137.88M | 76.80M | -9.15M | 84.17M | 113.42M |
| EBITDA Margin | 28.06% | 24.87% | 15.01% | -2.06% | 18.89% | 21.39% |
| D&A For EBITDA | 4.21M | 4.42M | 3.32M | 2.70M | 3.86M | 4.02M |
| EBIT | 154.85M | 133.45M | 73.48M | -11.85M | 80.31M | 109.40M |
| EBIT Margin | 27.31% | 24.07% | 14.36% | -2.67% | 18.02% | 20.64% |
| Effective Tax Rate | 9.66% | 8.33% | 27.03% | 10.79% | 7.18% | |
| Revenue as Reported | 571.18M | 557.57M | 514.01M | 445.00M | 446.53M | 531.59M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 139.60M | 242.12M | 89.45M | 44.35M | 85.16M | 96.19M |
| Trading Asset Securities | 2.69M | |||||
| Cash & Short-Term Investments | 139.60M | 242.12M | 89.45M | 44.35M | 85.16M | 98.88M |
| Accounts Receivable | 52.39M | 97.80M | 86.73M | 52.37M | 35.20M | 113.29M |
| Other Receivables | 114.00K | 106.00K | 81.00K | 81.00K | 19.00K | 77.00K |
| Receivables | 52.50M | 97.90M | 86.81M | 52.45M | 35.22M | 113.37M |
| Other Current Assets | 14.70M | 14.50M | 12.60M | 13.50M | 13.10M | 11.70M |
| Total Current Assets | 206.80M | 354.52M | 188.87M | 110.30M | 133.48M | 223.95M |
| Property, Plant & Equipment | 71.84M | 69.90M | 63.83M | 45.93M | 17.10M | 5.41M |
| Long-Term Investments | 291.64M | 275.31M | 257.81M | 240.20M | 223.97M | 226.34M |
| Goodwill | 28.96M | 28.96M | 28.96M | 28.96M | 28.96M | 28.96M |
| Other Intangible Assets | 1.31M | 2.63M | 3.94M | 6.26M | ||
| Long-Term Deferred Tax Assets | 51.84M | 56.71M | 51.16M | 58.30M | 60.32M | 68.54M |
| Other Long-Term Assets | 25.96M | 28.36M | 20.79M | 18.62M | 21.16M | 22.16M |
| Total Assets | 677.04M | 813.76M | 612.73M | 504.94M | 488.93M | 581.62M |
| Accrued Expenses | 83.61M | 100.55M | 102.26M | 86.19M | 76.28M | 116.54M |
| Current Portion of Long-Term Debt | 2.19M | 4.38M | ||||
| Current Portion of Leases | 2.99M | 6.13M | ||||
| Other Current Liabilities | 7.60M | 10.60M | 12.70M | 13.30M | 13.50M | |
| Total Current Liabilities | 88.79M | 118.65M | 112.86M | 98.89M | 89.58M | 130.04M |
| Long-Term Debt | 363.27M | 434.75M | 435.57M | 392.20M | 394.10M | 390.52M |
| Long-Term Leases | 47.95M | 45.67M | 53.88M | 41.48M | 15.52M | |
| Long-Term Unearned Revenue | 10.11M | 9.76M | 8.79M | 8.97M | 8.48M | |
| Other Long-Term Liabilities | 54.64M | 77.15M | 91.00M | 74.81M | 74.77M | 108.39M |
| Total Liabilities | 554.65M | 686.33M | 703.07M | 616.17M | 582.94M | 637.42M |
| Common Stock | 20.00K | 20.00K | 18.00K | 18.00K | 18.00K | 18.00K |
| Additional Paid-In Capital | 43.65M | 44.00M | 5.75M | 1.94M | 1.50M | |
| Retained Earnings | -18.14M | -16.26M | -35.04M | -32.22M | -23.93M | -26.22M |
| Comprehensive Income & Other | -193.00K | -770.00K | 1.65M | 2.63M | 4.10M | -1.01M |
| Total Common Equity | 25.34M | 26.99M | -27.62M | -27.63M | -19.82M | -25.71M |
| Minority Interest | 97.06M | 100.44M | -62.72M | -83.59M | -74.19M | -30.09M |
| Shareholders' Equity | 122.40M | 127.43M | -90.34M | -111.23M | -94.01M | -55.80M |
| Total Liabilities & Equity | 677.04M | 813.76M | 612.73M | 504.94M | 488.93M | 581.62M |
| Total Debt | 416.40M | 490.92M | 489.45M | 433.68M | 409.62M | 390.52M |
| Net Cash (Debt) | -276.80M | -248.81M | -399.99M | -389.32M | -324.46M | -291.64M |
| Net Cash Per Share | -1.37 | -1.26 | -2.10 | -2.08 | -1.72 | -1.54 |
| Filing Date Shares Outstanding | 61.13M | 60.81M | 44.91M | 43.00M | 41.61M | 43.98M |
| Total Common Shares Outstanding | 61.12M | 60.72M | 44.90M | 42.99M | 41.81M | 43.96M |
| Working Capital | 118.01M | 235.87M | 76.01M | 11.41M | 43.91M | 93.91M |
| Book Value Per Share | 0.41 | 0.44 | -0.62 | -0.64 | -0.47 | -0.58 |
| Tangible Book Value | -3.62M | -1.97M | -57.89M | -59.22M | -52.72M | -60.92M |
| Tangible Book Value Per Share | -0.06 | -0.03 | -1.29 | -1.38 | -1.26 | -1.39 |
| Machinery | 66.09M | 59.42M | 58.69M | 57.90M | 57.43M | |
| Construction In Progress | 3.35M | 1.35M | 3.41M | 107.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 44.50M | 45.37M | 18.70M | 12.77M | 19.82M | 21.48M |
| Depreciation & Amortization | 4.21M | 4.42M | 3.32M | 2.70M | 3.86M | 4.02M |
| Other Amortization | 734.00K | 776.00K | 902.00K | 1.10M | 1.11M | 1.02M |
| Stock-Based Compensation | 45.54M | 40.85M | 31.92M | 22.76M | 26.76M | 47.06M |
| Other Operating Activities | 127.93M | 120.23M | 110.84M | 64.50M | 136.16M | 92.99M |
| Change in Accounts Receivable | -8.87M | -10.96M | -34.41M | -17.10M | 77.93M | -29.38M |
| Change in Other Net Operating Assets | -15.92M | -17.15M | 17.51M | 5.33M | -49.12M | 41.61M |
| Operating Cash Flow | 198.14M | 183.54M | 148.77M | 92.06M | 216.51M | 178.80M |
| Capital Expenditures | -11.81M | -8.50M | -16.73M | -3.76M | -782.00K | -577.00K |
| Investment in Securities | -27.14M | -18.01M | -15.11M | -15.08M | -9.29M | -28.87M |
| Other Investing Activities | 1.34M | |||||
| Investing Cash Flow | -38.95M | -26.51M | -31.83M | -18.84M | -10.07M | -28.11M |
| Long-Term Debt Issued | 50.00M | 110.00M | ||||
| Long-Term Debt Repaid | -4.38M | -3.19M | -4.00M | -4.00M | -53.26M | |
| Net Debt Issued (Repaid) | -69.38M | -4.38M | 46.81M | -4.00M | -4.00M | 56.74M |
| Issuance of Common Stock | 154.15M | 169.55M | 24.47M | |||
| Repurchase of Common Stock | -67.13M | -46.91M | -12.75M | -14.70M | -32.84M | -7.82M |
| Common Dividends Paid | -30.02M | -25.34M | -20.55M | -20.32M | -18.43M | -14.53M |
| Other Financing Activities | -141.96M | -97.78M | -83.89M | -74.64M | -159.80M | -310.14M |
| Financing Cash Flow | -154.34M | -4.86M | -70.38M | -113.66M | -215.07M | -251.27M |
| Foreign Exchange Rate Adjustments | -1.59M | 492.00K | -1.46M | -372.00K | -2.40M | -1.38M |
| Net Cash Flow | 3.26M | 152.66M | 45.10M | -40.81M | -11.02M | -101.96M |
| Free Cash Flow | 186.33M | 175.04M | 132.04M | 88.30M | 215.73M | 178.23M |
| Free Cash Flow Margin | 32.87% | 31.57% | 25.80% | 19.89% | 48.41% | 33.62% |
| Free Cash Flow Per Share | 0.92 | 0.89 | 0.69 | 0.47 | 1.14 | 0.94 |
| Levered Free Cash Flow | 111.55M | 94.21M | 47.53M | 21.30M | 108.16M | 104.95M |
| Unlevered Free Cash Flow | 123.63M | 107.68M | 61.73M | 35.04M | 121.62M | 116.48M |
| Cash Interest Paid | 25.56M | 28.61M | 32.27M | 30.02M | 18.41M | 13.78M |
| Cash Income Tax Paid | 10.03M | 6.50M | 5.02M | 3.45M | 8.54M | 4.37M |
| Change in Working Capital | -24.79M | -28.11M | -16.90M | -11.77M | 28.81M | 12.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.56B | 709.27M | 550.91M | 385.18M | 321.44M | 462.38M |
| Enterprise Value | 2.84B | 1.03B | 874.51M | 687.27M | 556.76M | 661.21M |
| Last Close Price | 12.64 | 10.98 | 11.48 | 8.03 | 6.44 | 8.48 |
| PE Ratio | 24.59 | 15.63 | 29.47 | 30.15 | 16.22 | 21.52 |
| Forward PE | 12.68 | 13.63 | 15.87 | 13.94 | 13.22 | 15.16 |
| PS Ratio | 4.52 | 1.28 | 1.08 | 0.87 | 0.72 | 0.87 |
| PB Ratio | 30.49 | 5.57 | -6.10 | -3.46 | -3.42 | -8.29 |
| P/FCF Ratio | 13.76 | 4.05 | 4.17 | 4.36 | 1.49 | 2.59 |
| P/OCF Ratio | 12.94 | 3.86 | 3.70 | 4.18 | 1.49 | 2.59 |
| PEG Ratio | 1.20 | 1.10 | 2.13 | 2.05 | ||
| EV/Sales Ratio | 5.01 | 1.86 | 1.71 | 1.55 | 1.25 | 1.25 |
| EV/EBITDA Ratio | 17.86 | 7.48 | 11.39 | 6.62 | 5.83 | |
| EV/EBIT Ratio | 18.34 | 7.72 | 11.90 | 6.93 | 6.04 | |
| EV/FCF Ratio | 15.24 | 5.89 | 6.62 | 7.78 | 2.58 | 3.71 |
| Debt / Equity Ratio | 3.40 | 3.85 | -5.42 | -3.90 | -4.36 | -7.00 |
| Debt / EBITDA Ratio | 2.46 | 3.28 | 5.42 | 108.34 | 4.28 | 3.44 |
| Debt / FCF Ratio | 2.23 | 2.81 | 3.71 | 4.91 | 1.90 | 2.19 |
| Net Debt / Equity Ratio | 2.26 | 1.95 | -4.43 | -3.50 | -3.45 | -5.23 |
| Net Debt / EBITDA Ratio | 1.74 | 1.80 | 5.21 | -42.55 | 3.85 | 2.57 |
| Net Debt / FCF Ratio | 1.49 | 1.42 | 3.03 | 4.41 | 1.50 | 1.64 |
| Asset Turnover | 0.86 | 0.78 | 0.92 | 0.89 | 0.83 | 0.87 |
| Quick Ratio | 2.16 | 2.87 | 1.56 | 0.98 | 1.34 | 1.63 |
| Current Ratio | 2.33 | 2.99 | 1.67 | 1.11 | 1.49 | 1.72 |
| Return on Equity (ROE) | 300.39% | 765.86% | ||||
| Return on Assets (ROA) | 14.73% | 11.69% | 8.22% | -1.49% | 9.38% | 11.27% |
| Return on Invested Capital (ROIC) | 35.90% | 27.93% | 11.84% | -2.94% | 16.84% | 31.25% |
| Return on Capital Employed (ROCE) | 26.30% | 19.20% | 14.70% | -2.90% | 20.10% | 24.20% |
| Earnings Yield | 4.07% | 6.40% | 3.39% | 3.32% | 6.17% | 4.65% |
| FCF Yield | 7.27% | 24.68% | 23.97% | 22.93% | 67.11% | 38.55% |
| Dividend Yield | 3.80% | 3.94% | 3.59% | 4.91% | 5.46% | 3.52% |
| Payout Ratio | 93.38% | 55.86% | 109.92% | 159.08% | 93.00% | 67.62% |
| Buyback Yield / Dilution | -3.82% | -3.52% | -1.68% | 0.60% | 0.26% | -2.63% |
| Total Shareholder Return | -0.02% | 0.42% | 1.90% | 5.51% | 5.72% | 0.89% |