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GCM Grosvenor (GCMG) Financials

GCM Grosvenor logo
$13.35 +0.27 (+2.06%)
As of 09/3/2026 04:00 PM Eastern
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Annual Income Statements for GCM Grosvenor

Annual Income Statements for GCM Grosvenor

This table shows GCM Grosvenor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.00 0.00 4.05 21 20 13 19 45
Consolidated Net Income / (Loss)		 64 60 -83 142 79 -29 37 142
Net Income / (Loss) Continuing Operations		 64 60 -83 142 79 -29 37 142
Total Pre-Tax Income 		65 62 -79 153 89 -22 50 155
Total Operating Income		 75 85 -43 109 80 -12 73 133
Total Gross Profit		 168 173 42 198 169 89 178 238
Total Revenue		 378 416 430 532 447 445 514 558
Operating Revenue		 378 416 430 532 447 445 514 558
Total Cost of Revenue		 210 243 388 334 277 356 336 319
Operating Cost of Revenue		 210 243 388 334 277 356 336 319
Total Operating Expenses		 93 88 85 88 89 101 104 105
Selling, General & Admin Expense		 93 88 85 88 89 101 104 105
Total Other Income / (Expense), net		 -10 -23 -36 44 8.78 -9.67 -23 21
Interest Expense		 26 26 23 20 23 24 24 23
Interest & Investment Income		 17 7.52 - - 10 12 16 16
Other Income / (Expense), net		 -0.54 -4.49 -12 64 22 2.44 -15 28
Income Tax Expense		 1.40 2.32 4.51 11 9.61 7.69 14 13
Net Income / (Loss) Attributable to Noncontrolling Interest		 64 60 -87 121 60 -42 18 97
Basic Earnings per Share		 $0.00 $0.00 $0.10 $0.49 $0.45 $0.30 $0.42 $0.87
Weighted Average Basic Shares Outstanding		 0.00 0.00 39.98M 43.77M 43.87M 43.20M 44.74M 51.96M
Diluted Earnings per Share		 $0.00 $0.00 ($0.58) $0.28 $0.28 ($0.28) $0.03 $0.42
Weighted Average Diluted Shares Outstanding		 0.00 0.00 184.22M 189.06M 188.57M 187.43M 190.59M 197.29M
Weighted Average Basic & Diluted Shares Outstanding		 - - 185.84M 43.98M 185.85M 187.23M 189.15M 202.48M
Cash Dividends to Common per Share		 - - - - - $0.44 $0.44 $0.45

Quarterly Income Statements for GCM Grosvenor

This table shows GCM Grosvenor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 3.26 2.12 4.80 4.16 7.62 0.46 15 10 19 5.47 9.56
Consolidated Net Income / (Loss)		 4.57 -19 13 12 30 -1.09 40 45 58 18 32
Net Income / (Loss) Continuing Operations		 4.57 -19 13 12 30 -1.09 40 45 58 18 32
Total Pre-Tax Income 		6.45 -18 16 15 36 2.50 40 49 64 21 36
Total Operating Income		 13 -16 21 25 44 15 19 44 55 20 35
Total Gross Profit		 38 9.22 49 50 70 44 45 69 81 49 63
Total Revenue		 117 109 117 123 165 126 120 135 177 125 134
Operating Revenue		 117 109 117 123 165 126 120 135 177 125 134
Total Cost of Revenue		 79 100 68 73 95 82 75 66 96 75 71
Operating Cost of Revenue		 79 100 68 73 95 82 75 66 96 75 71
Total Operating Expenses		 25 25 28 25 26 28 26 25 26 29 28
Selling, General & Admin Expense		 25 25 28 25 26 28 26 25 26 29 28
Total Other Income / (Expense), net		 -6.67 -1.84 -4.63 -9.68 -7.17 -13 20 4.53 9.34 0.40 0.06
Interest & Investment Income		 - -0.25 -4.84 2.68 - -4.90 -0.13 7.29 14 -0.94 -0.96
Other Income / (Expense), net		 -13 -1.59 0.21 -6.44 -17 -7.93 21 2.81 13 1.34 1.02
Income Tax Expense		 1.88 1.11 3.24 3.19 6.02 3.59 -0.20 3.62 5.89 3.14 3.69
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.31 -21 8.16 7.98 23 -1.55 24 35 39 12 22
Basic Earnings per Share		 $0.08 $0.05 $0.11 $0.09 $0.17 $0.01 $0.30 $0.20 $0.36 $0.09 $0.16
Weighted Average Basic Shares Outstanding		 43.20M 43.67M 44.93M 45.16M 44.74M 45.63M 51.07M 53.59M 51.96M 61.02M 61.07M
Diluted Earnings per Share		 $0.01 ($0.13) $0.04 $0.03 $0.09 ($0.02) $0.05 $0.16 $0.23 $0.06 $0.12
Weighted Average Diluted Shares Outstanding		 187.43M 187.91M 190.18M 190.60M 190.59M 189.87M 196.34M 197.48M 197.29M 204.76M 203.58M
Weighted Average Basic & Diluted Shares Outstanding		 187.23M 188.46M 188.81M 189.13M 189.15M 194.23M 194.89M 194.20M 202.48M 202.05M 202.79M

Annual Cash Flow Statements for GCM Grosvenor

This table details how cash moves in and out of GCM Grosvenor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -29 12 118 -102 -11 -41 45 153
Net Cash From Operating Activities		 117 96 68 179 217 92 149 184
Net Cash From Continuing Operating Activities		 117 96 68 179 217 92 149 184
Net Income / (Loss) Continuing Operations		 64 60 -83 142 79 -29 37 142
Consolidated Net Income / (Loss)		 64 60 -83 142 79 -29 37 142
Depreciation Expense		 12 10 9.82 4.02 3.86 2.70 3.32 4.42
Amortization Expense		 0.79 1.80 1.47 4.07 5.28 -5.60 -6.70 -6.81
Non-Cash Adjustments To Reconcile Net Income		 31 35 148 -19 172 114 89 59
Changes in Operating Assets and Liabilities, net		 10 -11 -8.37 48 -44 9.74 26 -15
Net Cash From Investing Activities		 7.96 6.13 -5.53 -28 -10 -19 -32 -27
Net Cash From Continuing Investing Activities		 7.96 6.13 -5.53 -28 -10 -19 -32 -27
Purchase of Property, Plant & Equipment		 -0.87 -4.00 -1.31 -0.58 -0.78 -3.76 -17 -8.50
Purchase of Investments		 -23 -22 -24 -40 -29 -28 -26 -35
Sale and/or Maturity of Investments		 32 32 20 11 20 13 11 17
Net Cash From Financing Activities		 -154 -91 55 -251 -215 -114 -70 -4.86
Net Cash From Continuing Financing Activities		 -154 -91 55 -251 -215 -114 -70 -4.86
Repayment of Debt		 -29 -7.33 -136 -56 -4.00 -4.00 -3.75 -4.38
Repurchase of Common Equity		 - 0.00 0.00 -2.16 -29 -4.48 0.00 -31
Payment of Dividends		 -131 -113 -193 -174 -177 -97 -106 -126
Issuance of Debt		 0.00 25 20 110 0.00 0.00 50 0.00
Issuance of Common Equity		 6.45 4.72 178 3.47 1.79 2.26 1.87 53
Other Financing Activities, net		 0.00 0.02 187 -133 -6.45 -10 -13 103
Effect of Exchange Rate Changes		 - - 0.88 -1.38 -2.40 -0.37 -1.46 0.49
Cash Interest Paid		 24 23 21 14 18 30 32 29
Cash Income Taxes Paid		 1.35 1.74 3.16 4.37 8.54 3.45 5.02 6.50

Quarterly Cash Flow Statements for GCM Grosvenor

This table details how cash moves in and out of GCM Grosvenor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -11 -2.49 32 25 -8.99 5.05 42 46 59 -78 -25
Net Cash From Operating Activities		 27 24 17 69 38 33 42 80 28 52 38
Net Cash From Continuing Operating Activities		 27 24 17 69 38 33 42 80 28 52 38
Net Income / (Loss) Continuing Operations		 4.57 -19 13 12 30 -1.09 40 45 58 18 32
Consolidated Net Income / (Loss)		 4.57 -19 13 12 30 -1.09 40 45 58 18 32
Depreciation Expense		 0.64 0.63 0.64 1.05 1.00 1.01 1.15 1.16 1.10 0.92 1.03
Amortization Expense		 -1.64 -1.62 -1.66 -1.71 -1.72 -1.68 -1.70 -1.72 -1.72 -1.69 -1.72
Non-Cash Adjustments To Reconcile Net Income		 21 64 18 8.36 -0.43 82 11 8.23 -43 84 8.88
Changes in Operating Assets and Liabilities, net		 2.46 -19 -12 49 8.83 -47 -8.47 27 14 -49 -1.93
Net Cash From Investing Activities		 -5.81 -8.66 -7.84 -8.61 -6.73 -1.14 -6.49 -6.84 -12 -10 -9.59
Net Cash From Continuing Investing Activities		 -5.81 -8.66 -7.84 -8.61 -6.73 -1.14 -6.49 -6.84 -12 -10 -9.59
Purchase of Property, Plant & Equipment		 -2.45 -4.20 -4.67 -6.75 -1.12 -1.17 -1.22 -1.55 -4.56 -3.85 -1.86
Purchase of Investments		 -6.57 -6.05 -5.96 -5.19 -9.04 -5.89 -9.17 -8.63 -11 -9.24 -12
Sale and/or Maturity of Investments		 3.21 1.59 2.79 3.33 3.43 5.92 3.90 3.34 3.51 2.61 4.47
Net Cash From Financing Activities		 -33 -17 23 -37 -39 -28 5.65 -26 43 -118 -53
Net Cash From Continuing Financing Activities		 -33 -17 23 -37 -39 -28 5.65 -26 43 -118 -53
Repayment of Debt		 -1.00 -1.00 -0.56 -1.10 -1.10 -1.10 -1.10 -1.10 -1.10 -66 -1.10
Repurchase of Common Equity		 - - - - - 0.00 - - - -17 -2.19
Payment of Dividends		 -32 -16 -17 -34 -38 -29 -29 -26 -42 -34 -36
Issuance of Common Equity		 0.44 0.40 0.40 0.56 0.51 0.26 51 0.81 1.10 0.53 0.75
Other Financing Activities, net		 - -0.15 -10 -2.43 - 2.45 -15 -0.22 116 -1.14 -15
Effect of Exchange Rate Changes		 0.85 -0.79 -0.49 1.34 -1.52 0.62 0.70 -0.33 -0.50 -0.49 -0.28
Cash Interest Paid		 7.83 7.82 8.04 8.65 7.76 7.17 7.22 7.29 6.92 5.90 5.45
Cash Income Taxes Paid		 0.66 1.38 2.05 2.17 -0.58 1.32 3.83 0.14 1.20 1.36 7.34

Annual Balance Sheets for GCM Grosvenor

This table presents GCM Grosvenor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 373 632 582 489 505 613 814
Total Current Assets		 80 198 323 98 298 360 532
Cash & Equivalents		 80 198 96 85 44 89 242
Short-Term Investments		 - - 226 - 240 258 275
Accounts Receivable		 - - - 13 14 13 15
Plant, Property, & Equipment, net		 8.87 7.87 5.41 4.62 7.38 23 30
Total Noncurrent Assets		 90 426 254 386 199 230 252
Goodwill		 29 29 29 29 29 29 29
Noncurrent Deferred & Refundable Income Taxes		 0.13 74 69 60 58 51 57
Other Noncurrent Operating Assets		 45 245 150 276 110 149 166
Total Liabilities & Shareholders' Equity		 373 632 582 489 505 613 814
Total Liabilities		 587 599 637 583 616 703 686
Total Current Liabilities		 52 61 28 27 73 85 95
Accrued Expenses		 52 61 28 27 31 31 43
Other Current Liabilities		 - - 0.00 - 41 54 52
Total Noncurrent Liabilities		 512 538 609 556 543 618 591
Long-Term Debt		 449 335 391 388 385 432 428
Noncurrent Employee Benefit Liabilities		 64 75 129 89 99 113 108
Other Noncurrent Operating Liabilities		 0.00 129 90 79 60 74 55
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 0.00 -82 -56 -94 -111 -90 127
Total Preferred & Common Equity		 0.00 -29 -26 -20 -28 -28 27
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 0.00 -29 -26 -20 -28 -28 27
Common Stock		 0.00 2.72 1.52 0.02 1.95 5.77 44
Retained Earnings		 0.00 -30 -26 -24 -32 -35 -16
Accumulated Other Comprehensive Income / (Loss)		 - -2.23 -1.01 4.10 2.63 1.65 -0.77
Noncontrolling Interest		 - -53 -30 -74 -84 -63 100

Quarterly Balance Sheets for GCM Grosvenor

This table presents GCM Grosvenor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 472 451 505 497 544 575 580 637 686 689 677
Total Current Assets		 294 299 308 301 334 357 361 413 467 461 446
Cash & Equivalents		 62 51 55 42 74 98 94 136 183 164 140
Short-Term Investments		 232 236 240 248 251 251 255 263 269 283 292
Accounts Receivable		 - 12 13 10 9.19 7.40 11 14 15 14 15
Plant, Property, & Equipment, net		 4.18 4.40 4.55 13 17 22 23 24 24 33 34
Total Noncurrent Assets		 174 147 192 184 193 197 196 200 195 195 197
Goodwill		 29 29 29 29 29 29 29 29 29 29 29
Noncurrent Deferred & Refundable Income Taxes		 62 60 58 59 55 54 51 61 61 56 52
Other Noncurrent Operating Assets		 80 56 103 94 107 113 115 109 105 110 117
Total Liabilities & Shareholders' Equity		 472 451 505 497 544 575 580 637 686 689 677
Total Liabilities		 580 552 598 598 638 688 669 657 682 566 555
Total Current Liabilities		 56 45 69 75 80 100 92 95 96 94 83
Accrued Expenses		 41 33 27 32 31 46 39 41 44 43 32
Other Current Liabilities		 15 13 43 43 48 55 53 54 52 52 51
Total Noncurrent Liabilities		 524 507 529 523 558 588 578 563 586 472 471
Long-Term Debt		 387 386 385 384 434 433 431 430 429 363 362
Noncurrent Employee Benefit Liabilities		 71 60 83 77 62 85 64 61 87 55 55
Other Noncurrent Operating Liabilities		 65 61 61 62 63 70 82 72 70 55 55
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -108 -101 -94 -101 -94 -113 -90 -21 3.82 122 122
Total Preferred & Common Equity		 -26 -25 -25 -26 -28 -32 -28 -12 -7.39 25 25
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -26 -25 -25 -26 -28 -32 -28 -12 -7.39 25 25
Common Stock		 1.30 1.60 1.10 4.84 5.07 5.33 12 19 20 46 44
Retained Earnings		 -30 -30 -31 -34 -36 -37 -41 -31 -27 -19 -18
Accumulated Other Comprehensive Income / (Loss)		 2.75 4.05 4.71 2.97 2.43 0.16 0.55 0.05 -0.50 -0.65 -0.19
Noncontrolling Interest		 -82 -76 -69 -74 -65 -81 -61 -8.35 11 97 97

Annual Metrics And Ratios for GCM Grosvenor

This table displays calculated financial ratios and metrics derived from GCM Grosvenor's official financial filings.

Metric 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 10.01% 3.26% 23.63% -16.00% -0.34% 15.51% 8.47%
EBITDA Growth		 0.00% 6.40% -147.48% 512.21% -38.51% -111.05% 549.44% 187.41%
EBIT Growth		 0.00% 7.90% -168.65% 413.39% -40.92% -109.20% 724.24% 174.92%
NOPAT Growth		 0.00% 11.28% -136.89% 436.46% -29.44% -111.57% 746.60% 128.17%
Net Income Growth		 0.00% -5.79% -238.67% 270.75% -44.05% -136.75% 225.33% 288.05%
EPS Growth		 0.00% 0.00% 0.00% 148.28% 0.00% -200.00% 110.71% 1,300.00%
Operating Cash Flow Growth		 0.00% -17.80% -29.13% 162.29% 21.09% -57.48% 61.60% 23.37%
Free Cash Flow Firm Growth		 0.00% 0.00% -320.22% 219.64% -148.06% 269.49% -77.22% 62.80%
Invested Capital Growth		 0.00% 0.00% 1,123.30% -92.83% 1,610.78% -105.30% 49.71% 791.21%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 7.07% -16.89% 3.91% 10.47% 2.17%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 886.24% -41.98% -223.53% 37.63% 23.91%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 1,606.04% -43.79% -188.89% 33.86% 23.38%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 576.89% -41.04% -5.91% 134.00% 11.38%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 795.46% -45.41% -30.55% 240.28% 24.27%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 145.16% -49.09% -16.67% 160.00% 50.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 5.28% 11.64% -24.52% 8.32% -4.98%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -146.71% 1,739.69% -1.66% -20.77%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -92.44% 1,216.27% -218.31% 81.15% 307.38%
Profitability Metrics		 - - - - - - - -
Gross Margin		 44.41% 41.65% 9.66% 37.20% 37.90% 19.99% 34.59% 42.73%
EBITDA Margin		 23.00% 22.24% -10.23% 34.09% 24.96% -2.77% 10.77% 28.53%
Operating Margin		 19.85% 20.41% -10.03% 20.58% 17.99% -2.66% 14.30% 23.94%
EBIT Margin		 19.71% 19.33% -12.85% 32.57% 22.91% -2.11% 11.43% 28.96%
Profit (Net Income) Margin		 16.83% 14.41% -19.35% 26.73% 17.80% -6.56% 7.12% 25.48%
Tax Burden Percent		 97.86% 96.28% 105.73% 92.82% 89.21% 135.75% 72.97% 91.67%
Interest Burden Percent		 87.26% 77.44% 142.44% 88.40% 87.09% 228.65% 85.41% 95.96%
Effective Tax Rate		 2.14% 3.72% 0.00% 7.18% 10.79% 0.00% 27.03% 8.33%
Return on Invested Capital (ROIC)		 0.00% 0.00% -39.37% 111.51% 64.95% -8.40% 0.00% 744.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -127.44% 151.05% 69.17% -18.79% 0.00% -190.28%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -465.95% -1,353.92% -171.06% 36.86% 0.00% 21.63%
Return on Equity (ROE)		 0.00% 0.00% -505.31% -1,242.40% -106.11% 28.46% -36.32% 765.86%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -127.53% 284.75% -112.97% 0.00% 0.00% 203.81%
Operating Return on Assets (OROA)		 0.00% 21.57% -10.99% 28.53% 19.11% -1.89% 10.51% 22.64%
Return on Assets (ROA)		 0.00% 16.08% -16.55% 23.41% 14.85% -5.88% 6.55% 19.91%
Return on Common Equity (ROCE)		 0.00% 0.00% 450.24% -2,990.68% -32.25% 6.58% -9.96% -12.97%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 283.56% -552.58% -401.02% 105.69% -132.53% 0.00%
Net Operating Profit after Tax (NOPAT)		 74 82 -30 102 72 -8.29 54 122
NOPAT Margin		 19.42% 19.65% -7.02% 19.10% 16.05% -1.86% 10.43% 21.94%
Net Nonoperating Expense Percent (NNEP)		 0.00% -262.66% 88.07% -39.54% -4.23% 10.39% 18.40% 934.51%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - 24.40% -3.03% 15.69% 22.01%
Cost of Revenue to Revenue		 55.59% 58.35% 90.34% 62.80% 62.10% 80.01% 65.41% 57.27%
SG&A Expenses to Revenue		 24.56% 21.24% 19.68% 16.62% 19.91% 22.65% 20.29% 18.79%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 24.56% 21.24% 19.68% 16.62% 19.91% 22.65% 20.29% 18.79%
Earnings before Interest and Taxes (EBIT)		 75 80 -55 173 102 -9.41 59 161
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 87 93 -44 181 111 -12 55 159
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 81.44
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 1.12 3.27 2.87 3.61 4.51 3.94
Price to Earnings (P/E)		 0.00 0.00 118.87 80.94 64.76 125.76 124.13 48.45
Dividend Yield		 0.00% 0.00% 0.00% 3.57% 5.96% 5.13% 3.59% 3.98%
Earnings Yield		 0.00% 0.00% 0.84% 1.24% 1.54% 0.80% 0.81% 2.06%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 4.00 145.81 7.25 0.00 0.00 57.49
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 1.58 3.34 3.39 3.65 4.56 3.96
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 9.80 13.57 0.00 42.32 13.89
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 10.26 14.78 0.00 39.89 13.68
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 17.50 21.10 0.00 43.69 18.06
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 9.98 9.94 6.98 17.63 15.75 12.04
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 6.85 0.00 7.68 48.69 28.21
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 0.00 10.18 -7.00 -4.12 -3.46 -4.78 3.36
Long-Term Debt to Equity		 0.00 0.00 10.18 -7.00 -4.12 -3.46 -4.78 3.36
Financial Leverage		 0.00 0.00 3.66 -8.96 -2.47 -1.96 -0.92 -0.11
Leverage Ratio		 0.00 0.00 30.53 -53.08 -7.15 -4.84 -5.54 38.46
Compound Leverage Factor		 0.00 0.00 43.49 -46.92 -6.22 -11.07 -4.74 36.90
Debt to Total Capital		 0.00% 100.00% 91.05% 116.67% 132.02% 140.67% 126.44% 77.08%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 100.00% 91.05% 116.67% 132.02% 140.67% 126.44% 77.08%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 16.92% -8.99% -25.27% -30.57% -18.36% 18.07%
Common Equity to Total Capital		 0.00% 0.00% -7.97% -7.68% -6.75% -10.10% -8.08% 4.86%
Debt to EBITDA		 0.00 4.84 -7.62 2.15 3.48 -31.24 7.81 2.69
Net Debt to EBITDA		 0.00 3.98 -3.12 0.38 2.71 -8.13 1.53 -0.56
Long-Term Debt to EBITDA		 0.00 4.84 -7.62 2.15 3.48 -31.24 7.81 2.69
Debt to NOPAT		 0.00 5.48 -11.11 3.85 5.41 -46.40 8.06 3.50
Net Debt to NOPAT		 0.00 4.51 -4.54 0.67 4.22 -12.08 1.58 -0.73
Long-Term Debt to NOPAT		 0.00 5.48 -11.11 3.85 5.41 -46.40 8.06 3.50
Altman Z-Score		 0.00 0.00 1.07 4.08 3.03 2.83 3.59 3.88
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 189.10% -140.72% 69.61% 76.88% 72.59% 101.69%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 1.53 3.25 11.51 3.61 4.10 4.26 5.59
Quick Ratio		 0.00 1.53 3.25 11.51 3.61 4.10 4.26 5.59
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 98 -217 259 -125 211 48 78
Operating Cash Flow to CapEx		 13,482.60% 2,407.83% 5,211.77% 30,988.39% 27,687.08% 2,446.59% 889.32% 2,160.04%
Free Cash Flow to Firm to Interest Expense		 0.00 3.83 -9.24 12.91 -5.35 8.90 1.99 3.44
Operating Cash Flow to Interest Expense		 4.42 3.75 2.91 8.90 9.29 3.88 6.16 8.05
Operating Cash Flow Less CapEx to Interest Expense		 4.39 3.59 2.85 8.87 9.25 3.72 5.47 7.68
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 1.12 0.86 0.88 0.83 0.90 0.92 0.78
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 33.33 39.14 40.87
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 46.94 51.37 80.05 89.03 74.18 34.20 21.21
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 10.95 9.32 8.93
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 10.95 9.32 8.93
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 -17 170 12 208 -11 -5.56 38
Invested Capital Turnover		 0.00 -50.15 5.61 5.84 4.05 4.51 -61.86 33.92
Increase / (Decrease) in Invested Capital		 0.00 -17 187 -158 196 -220 5.50 44
Enterprise Value (EV)		 0.00 0.00 681 1,777 1,512 1,623 2,343 2,210
Market Capitalization		 0.00 0.00 481 1,739 1,284 1,606 2,321 2,198
Book Value per Share		 $0.00 $0.00 ($0.69) ($0.14) ($0.11) ($0.15) ($0.15) $0.14
Tangible Book Value per Share		 $0.00 $0.00 ($1.58) ($0.32) ($0.28) ($0.32) ($0.31) ($0.01)
Total Capital		 0.00 449 368 335 294 273 342 556
Total Debt		 0.00 449 335 391 388 385 432 428
Total Long-Term Debt		 0.00 449 335 391 388 385 432 428
Net Debt		 0.00 369 137 68 302 100 85 -89
Capital Expenditures (CapEx)		 0.87 4.00 1.31 0.58 0.78 3.76 17 8.50
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -52 -61 -28 -14 -59 -72 -81
Debt-free Net Working Capital (DFNWC)		 0.00 28 137 294 71 225 275 437
Net Working Capital (NWC)		 0.00 28 137 294 71 225 275 437
Net Nonoperating Expense (NNE)		 9.83 22 53 -41 -7.83 21 17 -20
Net Nonoperating Obligations (NNO)		 0.00 -17 137 68 302 100 85 -89
Total Depreciation and Amortization (D&A)		 12 12 11 8.09 9.14 -2.91 -3.38 -2.39
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -12.54% -14.17% -5.27% -3.16% -13.28% -13.99% -14.44%
Debt-free Net Working Capital to Revenue		 0.00% 6.64% 31.91% 55.40% 15.91% 50.66% 53.57% 78.36%
Net Working Capital to Revenue		 0.00% 6.64% 31.91% 55.40% 15.91% 50.66% 53.57% 78.36%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.49 $0.45 $0.30 $0.42 $0.87
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 43.77M 43.87M 43.20M 44.74M 51.96M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.28 $0.28 ($0.28) $0.03 $0.42
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 189.06M 188.57M 187.43M 190.59M 197.29M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 43.98M 185.85M 187.23M 189.15M 202.48M
Normalized Net Operating Profit after Tax (NOPAT)		 74 82 -30 102 72 -8.29 54 122
Normalized NOPAT Margin		 19.42% 19.65% -7.02% 19.10% 16.05% -1.86% 10.43% 21.94%
Pre Tax Income Margin		 17.19% 14.97% -18.30% 28.79% 19.95% -4.83% 9.76% 27.79%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 2.82 3.13 -2.36 8.62 4.39 -0.40 2.43 7.09
NOPAT to Interest Expense		 2.78 3.19 -1.29 5.06 3.07 -0.35 2.22 5.37
EBIT Less CapEx to Interest Expense		 2.79 2.98 -2.41 8.59 4.35 -0.55 1.74 6.71
NOPAT Less CapEx to Interest Expense		 2.74 3.03 -1.34 5.03 3.04 -0.51 1.53 5.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 206.46% 188.81% -232.54% 122.24% 223.26% -332.88% 288.91% 88.90%
Augmented Payout Ratio		 206.46% 188.81% -232.54% 123.76% 259.70% -348.21% 288.91% 110.49%

Quarterly Metrics And Ratios for GCM Grosvenor

This table displays calculated financial ratios and metrics derived from GCM Grosvenor's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 202,476,790.00 202,048,996.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 202,476,790.00 202,048,996.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.03 0.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.76% 9.84% 8.68% 1.00% 41.79% 15.60% 2.31% 9.79% 7.16% -0.85% 12.27%
EBITDA Growth		 -103.93% -58.47% 172.41% -20.00% 5,820.43% 136.32% 95.99% 159.47% 85.38% 212.67% -8.81%
EBIT Growth		 -94.88% -47.14% 178.33% -20.30% 4,971.48% 142.16% 89.15% 153.13% 83.43% 194.89% -8.33%
NOPAT Growth		 -17.90% -23.85% 166.16% -1.51% 291.72% 40.20% 16.08% 106.58% 36.44% 360.52% 64.42%
Net Income Growth		 -59.92% -24.82% 135.75% -31.15% 565.33% 94.23% 207.78% 271.63% 91.19% 1,727.89% -20.15%
EPS Growth		 -80.00% -30.00% 117.39% -25.00% 800.00% 84.62% 25.00% 433.33% 155.56% 400.00% 140.00%
Operating Cash Flow Growth		 -52.86% 608.38% -34.21% 58.30% 42.83% 37.43% 140.17% 15.69% -25.25% 55.49% -9.19%
Free Cash Flow Firm Growth		 223.71% -156.89% -99.60% 16.25% -86.49% 70.27% 31,347.38% -34.67% -81.64% -417.01% -145.31%
Invested Capital Growth		 -105.30% 51.73% 1,121.57% -748.99% 49.71% -15.01% -30.46% 37.16% 791.21% 562.72% 405.95%
Revenue Q/Q Growth		 -4.24% -6.60% 7.43% 5.11% 34.43% -23.85% -4.92% 12.79% 31.21% -29.54% 7.66%
EBITDA Q/Q Growth		 -101.79% -215.01% 265.87% -3.55% 27.92% -74.42% 483.33% 18.23% 43.58% -68.42% 70.13%
EBIT Q/Q Growth		 -98.00% -197.54% 288.13% -4.92% 27.27% -72.62% 438.04% 18.01% 43.18% -67.56% 67.26%
NOPAT Q/Q Growth		 -53.75% -220.20% 249.16% 18.77% 83.95% -118.35% 389.51% 111.38% 21.49% -64.96% 82.71%
Net Income Q/Q Growth		 -74.05% -513.54% 168.55% -6.40% 150.75% -103.58% 3,759.72% 13.01% 29.00% -69.49% 79.51%
EPS Q/Q Growth		 -75.00% -1,400.00% 130.77% -25.00% 200.00% -122.22% 350.00% 220.00% 43.75% -73.91% 100.00%
Operating Cash Flow Q/Q Growth		 -38.79% -9.27% -27.79% 294.74% -44.78% -12.69% 26.19% 90.14% -64.32% 81.61% -26.30%
Free Cash Flow Firm Q/Q Growth		 480.64% -108.24% 100.40% 60,066.28% -32.53% -118.13% 527.19% 24.99% -81.04% -610.64% 62.56%
Invested Capital Q/Q Growth		 -218.31% 35.19% 310.81% -295.21% 81.15% -48.23% 227.47% -276.41% 307.38% -0.77% 39.37%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 32.62% 8.47% 41.90% 40.36% 42.32% 34.65% 37.44% 51.03% 45.72% 39.60% 47.02%
EBITDA Margin		 -0.39% -11.81% 18.24% 16.73% 15.92% 5.35% 32.82% 34.40% 37.64% 16.87% 26.66%
Operating Margin		 11.25% -14.66% 17.81% 20.33% 26.39% 12.18% 16.08% 32.73% 30.89% 16.41% 26.41%
EBIT Margin		 0.46% -10.91% 19.10% 17.28% 16.36% 5.88% 33.27% 34.81% 37.99% 17.49% 27.17%
Profit (Net Income) Margin		 3.92% -17.37% 11.08% 9.87% 18.41% -0.87% 33.34% 33.40% 32.84% 14.22% 23.71%
Tax Burden Percent		 70.85% 106.24% 79.98% 79.18% 83.49% -43.58% 100.51% 92.56% 90.80% 84.98% 89.62%
Interest Burden Percent		 1,210.69% 149.88% 72.54% 72.14% 134.79% 33.80% 99.68% 103.66% 95.20% 95.68% 97.37%
Effective Tax Rate		 29.15% 0.00% 20.02% 20.82% 16.51% 143.58% -0.51% 7.44% 9.20% 15.02% 10.38%
Return on Invested Capital (ROIC)		 35.95% 0.00% 970.30% 0.00% 0.00% 0.00% 673.59% 0.00% 951.39% 519.27% 424.77%
ROIC Less NNEP Spread (ROIC-NNEP)		 33.61% 0.00% 966.74% 0.00% 0.00% 0.00% 702.95% 0.00% 548.97% 494.28% 424.50%
Return on Net Nonoperating Assets (RNNOA)		 -65.93% 0.00% -1,034.45% 0.00% 0.00% 0.00% -860.43% 0.00% -62.40% -41.04% -158.90%
Return on Equity (ROE)		 -29.98% 31.55% -64.16% -10.41% -36.32% -57.12% -186.84% -209.30% 888.99% 478.23% 265.86%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 64.69% 0.00% 0.00% 0.00% 733.52% 0.00% 203.81% 215.68% 305.46%
Operating Return on Assets (OROA)		 0.41% -10.23% 17.82% 14.89% 15.04% 5.80% 30.08% 30.13% 29.70% 15.34% 23.62%
Return on Assets (ROA)		 3.51% -16.30% 10.34% 8.51% 16.93% -0.85% 30.14% 28.91% 25.67% 12.48% 20.62%
Return on Common Equity (ROCE)		 -6.93% 7.89% -17.57% -2.85% -9.96% -16.40% -66.65% -75.25% -15.05% -41.55% 34.09%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 124.90% -57.01% -33.74% 0.00% -192.13% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 9.29 -11 17 20 36 -6.68 19 41 50 17 32
NOPAT Margin		 7.97% -10.26% 14.25% 16.10% 22.03% -5.31% 16.17% 30.29% 28.05% 13.95% 23.67%
Net Nonoperating Expense Percent (NNEP)		 2.35% 8.28% 3.56% 8.82% 6.48% -6.39% -29.36% -13.71% 402.41% 24.99% 0.26%
Return On Investment Capital (ROIC_SIMPLE)		 3.40% - - - 10.65% -1.96% 4.72% 9.44% 8.94% 3.59% 6.57%
Cost of Revenue to Revenue		 67.38% 91.53% 58.10% 59.64% 57.68% 65.35% 62.56% 48.97% 54.28% 60.40% 52.98%
SG&A Expenses to Revenue		 21.36% 23.13% 24.08% 20.03% 15.94% 22.47% 21.35% 18.30% 14.83% 23.18% 20.60%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 21.36% 23.13% 24.08% 20.03% 15.94% 22.47% 21.35% 18.30% 14.83% 23.18% 20.60%
Earnings before Interest and Taxes (EBIT)		 0.53 -12 22 21 27 7.40 40 47 67 22 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.46 -13 21 21 26 6.73 39 46 67 21 36
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 81.44 77.84 98.08
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.61 3.93 3.96 4.59 4.51 4.71 4.21 4.31 3.94 3.57 4.35
Price to Earnings (P/E)		 125.76 110.92 114.39 149.07 124.13 146.91 81.14 69.16 48.45 39.39 55.84
Dividend Yield		 5.13% 4.61% 4.51% 3.89% 3.59% 3.33% 3.81% 3.65% 3.98% 4.69% 3.82%
Earnings Yield		 0.80% 0.90% 0.87% 0.67% 0.81% 0.68% 1.23% 1.45% 2.06% 2.54% 1.79%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 124.63 0.00 0.00 0.00 215.86 0.00 57.49 52.36 47.27
Enterprise Value to Revenue (EV/Rev)		 3.65 3.98 4.06 4.60 4.56 4.75 4.25 4.29 3.96 3.59 4.40
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 41.51 53.20 42.32 31.29 22.71 18.24 13.89 11.52 14.79
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 38.21 48.77 39.89 30.14 22.14 17.89 13.68 11.35 14.56
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 71.43 93.38 43.69 31.17 25.39 21.31 18.06 15.52 17.96
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.63 14.94 16.82 15.58 15.75 15.98 12.44 12.12 12.04 9.89 12.68
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.68 0.00 192.66 43.73 48.69 30.76 24.14 23.68 28.21 24.27 25.84
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 -3.46 -3.81 -4.63 -3.83 -4.78 -4.81 -20.85 112.30 3.36 2.97 2.96
Long-Term Debt to Equity		 -3.46 -3.81 -4.63 -3.83 -4.78 -4.81 -20.85 112.30 3.36 2.97 2.96
Financial Leverage		 -1.96 -0.89 -1.07 -0.84 -0.92 -0.92 -1.22 -0.56 -0.11 -0.08 -0.37
Leverage Ratio		 -4.84 -4.64 -5.11 -5.22 -5.54 -5.65 -10.33 -11.55 38.46 38.91 12.91
Compound Leverage Factor		 -58.63 -6.95 -3.71 -3.77 -7.47 -1.91 -10.29 -11.97 36.61 37.23 12.57
Debt to Total Capital		 140.67% 135.63% 127.55% 135.34% 126.44% 126.26% 105.04% 99.12% 77.08% 74.80% 74.73%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 140.67% 135.63% 127.55% 135.34% 126.44% 126.26% 105.04% 99.12% 77.08% 74.80% 74.73%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -30.57% -26.31% -19.17% -25.37% -18.36% -17.97% -2.04% 2.59% 18.07% 19.95% 20.04%
Common Equity to Total Capital		 -10.10% -9.32% -8.38% -9.97% -8.08% -8.30% -3.00% -1.71% 4.86% 5.25% 5.23%
Debt to EBITDA		 -31.24 -70.85 9.56 10.76 7.81 5.35 4.31 3.34 2.69 2.09 2.13
Net Debt to EBITDA		 -8.13 -17.29 2.40 2.08 1.53 1.01 0.31 -0.17 -0.56 -0.49 -0.41
Long-Term Debt to EBITDA		 -31.24 -70.85 9.56 10.76 7.81 5.35 4.31 3.34 2.69 2.09 2.13
Debt to NOPAT		 -46.40 -36.77 16.46 18.89 8.06 5.33 4.82 3.91 3.50 2.82 2.59
Net Debt to NOPAT		 -12.08 -8.97 4.13 3.65 1.58 1.01 0.35 -0.20 -0.73 -0.65 -0.49
Long-Term Debt to NOPAT		 -46.40 -36.77 16.46 18.89 8.06 5.33 4.82 3.91 3.50 2.82 2.59
Altman Z-Score		 2.90 3.08 3.19 3.24 3.42 3.66 3.62 3.68 3.50 3.61 4.32
Noncontrolling Interest Sharing Ratio		 76.88% 74.98% 72.61% 72.62% 72.59% 71.28% 64.33% 64.05% 101.69% 108.69% 87.18%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.10 4.01 4.20 3.56 4.26 3.93 4.37 4.85 5.59 4.90 5.35
Quick Ratio		 4.10 4.01 4.20 3.56 4.26 3.93 4.37 4.85 5.59 4.90 5.35
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 229 -19 0.08 46 31 -5.61 24 30 5.68 -29 -11
Operating Cash Flow to CapEx		 1,090.60% 576.97% 374.10% 1,022.71% 3,413.98% 2,843.08% 3,435.11% 5,156.14% 624.99% 1,344.15% 2,054.88%
Free Cash Flow to Firm to Interest Expense		 0.00 -3.18 0.00 0.00 0.00 0.00 0.00 5.37 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 4.09 0.00 0.00 0.00 0.00 0.00 14.33 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 3.38 0.00 0.00 0.00 0.00 0.00 14.05 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.90 0.94 0.93 0.86 0.92 0.99 0.90 0.87 0.78 0.88 0.87
Accounts Receivable Turnover		 33.33 0.00 43.25 46.68 39.14 49.29 46.07 48.92 40.87 44.35 39.68
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 74.18 52.43 44.10 35.68 34.20 29.17 26.39 23.73 21.21 19.85 19.90
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 10.95 0.00 8.44 7.82 9.32 7.41 7.92 7.46 8.93 8.23 9.20
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 10.95 0.00 8.44 7.82 9.32 7.41 7.92 7.46 8.93 8.23 9.20
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -11 -7.17 15 -29 -5.56 -8.24 11 -19 38 38 53
Invested Capital Turnover		 4.51 -41.31 68.10 -28.23 -61.86 -68.92 41.67 -22.73 33.92 37.23 17.94
Increase / (Decrease) in Invested Capital		 -220 7.68 17 -26 5.50 -1.08 -4.60 11 44 46 43
Enterprise Value (EV)		 1,623 1,808 1,883 2,140 2,343 2,522 2,268 2,341 2,210 1,997 2,513
Market Capitalization		 1,606 1,789 1,839 2,137 2,321 2,502 2,245 2,352 2,198 1,984 2,485
Book Value per Share		 ($0.15) ($0.14) ($0.15) ($0.17) ($0.15) ($0.15) ($0.06) ($0.04) $0.14 $0.13 $0.13
Tangible Book Value per Share		 ($0.32) ($0.31) ($0.32) ($0.33) ($0.31) ($0.31) ($0.22) ($0.19) ($0.01) ($0.02) ($0.02)
Total Capital		 273 283 340 320 342 341 410 433 556 485 484
Total Debt		 385 384 434 433 432 431 430 429 428 363 362
Total Long-Term Debt		 385 384 434 433 432 431 430 429 428 363 362
Net Debt		 100 94 109 84 85 81 31 -22 -89 -84 -69
Capital Expenditures (CapEx)		 2.45 4.20 4.67 6.75 1.12 1.17 1.22 1.55 4.56 3.85 1.86
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -59 -65 -70 -93 -72 -81 -81 -81 -81 -80 -69
Debt-free Net Working Capital (DFNWC)		 225 226 255 257 275 269 318 370 437 367 363
Net Working Capital (NWC)		 225 226 255 257 275 269 318 370 437 367 363
Net Nonoperating Expense (NNE)		 4.72 7.74 3.70 7.66 5.99 -5.59 -21 -4.19 -8.48 -0.34 -0.05
Net Nonoperating Obligations (NNO)		 100 94 109 84 85 81 31 -22 -89 -84 -69
Total Depreciation and Amortization (D&A)		 -0.99 -0.98 -1.01 -0.67 -0.72 -0.67 -0.55 -0.56 -0.61 -0.77 -0.69
Debt-free, Cash-free Net Working Capital to Revenue		 -13.28% -14.23% -15.17% -19.93% -13.99% -15.19% -15.11% -14.89% -14.44% -14.43% -11.99%
Debt-free Net Working Capital to Revenue		 50.66% 49.61% 54.87% 55.15% 53.57% 50.67% 59.67% 67.87% 78.36% 65.91% 63.51%
Net Working Capital to Revenue		 50.66% 49.61% 54.87% 55.15% 53.57% 50.67% 59.67% 67.87% 78.36% 65.91% 63.51%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 $0.05 $0.11 $0.09 $0.17 $0.01 $0.30 $0.20 $0.36 $0.09 $0.16
Adjusted Weighted Average Basic Shares Outstanding		 43.20M 43.67M 44.93M 45.16M 44.74M 45.63M 51.07M 53.59M 51.96M 61.02M 61.07M
Adjusted Diluted Earnings per Share		 $0.01 ($0.13) $0.04 $0.03 $0.09 ($0.02) $0.05 $0.16 $0.23 $0.06 $0.12
Adjusted Weighted Average Diluted Shares Outstanding		 187.43M 187.91M 190.18M 190.60M 190.59M 189.87M 196.34M 197.48M 197.29M 204.76M 203.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 187.23M 188.46M 188.81M 189.13M 189.15M 194.23M 194.89M 194.20M 202.48M 202.05M 202.79M
Normalized Net Operating Profit after Tax (NOPAT)		 9.29 -11 17 20 36 11 13 41 50 17 32
Normalized NOPAT Margin		 7.97% -10.26% 14.25% 16.10% 22.03% 8.53% 11.26% 30.29% 28.05% 13.95% 23.67%
Pre Tax Income Margin		 5.54% -16.35% 13.86% 12.46% 22.05% 1.99% 33.17% 36.09% 36.17% 16.73% 26.46%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 -2.00 0.00 0.00 0.00 0.00 0.00 8.44 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 -1.89 0.00 0.00 0.00 0.00 0.00 7.34 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 -2.71 0.00 0.00 0.00 0.00 0.00 8.16 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 -2.59 0.00 0.00 0.00 0.00 0.00 7.06 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -332.88% -315.97% 577.14% 926.26% 288.91% 217.89% 160.71% 106.95% 88.90% 81.60% 90.28%
Augmented Payout Ratio		 -348.21% -319.44% 577.14% 926.26% 288.91% 217.89% 160.71% 106.95% 110.49% 111.51% 123.20%

Financials Breakdown Chart

Key Financial Trends

GCM Grosvenor’s recent financial statements show a business that has improved substantially from the weak results reported in 2023 and early 2024, although quarterly earnings remain volatile and shareholder returns are affected by significant noncontrolling interests and a large diluted share count.

Revenue and profitability have generally improved. Second-quarter revenue increased from $107.6 million in 2023 to $117.0 million in 2024, $119.7 million in 2025 and $134.3 million in 2026. Gross profit reached $63.2 million in Q2 2026, producing a 47.0% gross margin, compared with 37.4% in Q2 2025 and a negative gross margin in Q2 2023. Operating income also rose to $35.5 million from $19.2 million in Q2 2025.

Cash generation remains positive, and the balance sheet has improved from prior periods. However, the company continues to distribute substantial cash through dividends, carries considerable debt, and relies on investment-related and noncash adjustments that can make reported earnings and cash flow less consistent.

  • Strong multi-year revenue growth: Q2 revenue rose approximately 25% from $107.6 million in 2023 to $134.3 million in 2026, with Q2 2026 revenue up 12.2% year over year.
  • Improved operating margins: Q2 2026 gross profit increased 41.0% year over year, while operating income increased 84.2% to $35.5 million. The operating margin expanded to approximately 26.4% from 16.1% in Q2 2025.
  • Recovery from earlier losses: GCMG reported operating losses in Q1 2023 and Q2 2023, but has posted positive operating income in every reported quarter since Q3 2023. Q1 2026 net income also improved to $17.7 million from a $1.1 million loss in Q1 2025.
  • Consistently positive operating cash flow: Operating cash flow was positive in every quarter provided from Q2 2023 through Q2 2026. Q2 2026 operating cash flow was $38.1 million, more than enough to fund $1.9 million of capital expenditures.
  • Large liquid-asset base: As of June 30, 2026, GCMG held $139.6 million of cash and $291.6 million of short-term investments, or approximately $431.2 million in combined liquidity. This compares with approximately $399.1 million in Q2 2025.
  • Debt reduction since 2025: Long-term debt declined to $362.0 million in Q2 2026 from $430.2 million in Q2 2025 and $433.8 million in Q2 2024. Current liabilities also fell to $83.3 million from $94.1 million a year earlier.
  • Improved reported equity position: Total common equity turned positive at $25.3 million in Q2 2026, compared with negative common equity of $12.3 million in Q2 2025 and negative $28.5 million in Q2 2024. Total equity and noncontrolling interests reached $122.4 million, but the improvement should be evaluated alongside the company’s complex ownership structure.
  • Working-capital movements remain volatile: Changes in operating assets and liabilities reduced operating cash flow by $1.9 million in Q2 2026, compared with a $49.4 million use in Q1 2026 and an $8.5 million use in Q2 2025. This suggests quarterly cash generation may fluctuate significantly.
  • Q2 earnings declined year over year: Consolidated net income fell to $31.9 million in Q2 2026 from $39.9 million in the restated Q2 2025 results. Net income attributable to common shareholders declined 38.0%, from $15.4 million to $9.6 million, and basic EPS decreased from $0.30 to $0.16.
  • Heavy dividend outflows constrain cash retention: GCMG paid $35.6 million in dividends during Q2 2026 and more than $130 million across the first half of 2026. Financing activities consumed $53.1 million in Q2, contributing to a $24.8 million decline in cash despite positive operating cash flow.

For investors, the most constructive trend is the combination of higher revenue, stronger margins, positive operating cash flow and lower debt. The principal risks are earnings volatility, high total liabilities of $554.6 million, substantial recurring dividend commitments and the large gap between basic and diluted shares outstanding. The Q2 2025 and Q1 2025 statements were restated, so historical comparisons should be interpreted with care.

09/03/26 11:20 PM ETAI Generated. May Contain Errors.

GCM Grosvenor Financials - Frequently Asked Questions

According to the most recent income statement we have on file, GCM Grosvenor's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

GCM Grosvenor's net income appears to be on an upward trend, with a most recent value of $142.04 million in 2025, rising from $63.69 million in 2018. The previous period was $36.60 million in 2024. View GCM Grosvenor's forecast to see where analysts expect GCM Grosvenor to go next.

GCM Grosvenor's total operating income in 2025 was $133.45 million, based on the following breakdown:
  • Total Gross Profit: $238.23 million
  • Total Operating Expenses: $104.78 million

Over the last 7 years, GCM Grosvenor's total revenue changed from $378.50 million in 2018 to $557.57 million in 2025, a change of 47.3%.

GCM Grosvenor's total liabilities were at $686.33 million at the end of 2025, a 2.4% decrease from 2024, and a 16.9% increase since 2019.

In the past 6 years, GCM Grosvenor's cash and equivalents has ranged from $44.35 million in 2023 to $242.12 million in 2025, and is currently $242.12 million as of their latest financial filing in 2025.

Over the last 7 years, GCM Grosvenor's book value per share changed from 0.00 in 2018 to 0.14 in 2025, a change of 13.9%.


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Financial statements for NASDAQ:GCMG last updated on 8/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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