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GCM Grosvenor Inc.

GCMG Clue Score46
United States Fiscal year ends December CIK 0001819796
$13.20 +1.77% Close, 9 Oct 2026
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Price $13.20 +17.23% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 18 Nov 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue378.5Operating income75.1Net income0.0EPS, diluted0.00Fiscal year 2019Revenue416.4 +10.0%Operating income85.0Net income0.0EPS, diluted0.00Fiscal year 2020Revenue430.0 +3.3%Operating income−43.1Net income4.0EPS, diluted−0.58Fiscal year 2021Revenue531.6 +23.6%Operating income109.4Net income21.5 +430.6%EPS, diluted0.28Fiscal year 2022Revenue446.5 −16.0%Operating income80.3Net income19.8 −7.7%EPS, diluted0.28 +0.0%Fiscal year 2023Revenue445.0 −0.3%Operating income−11.8Net income12.8 −35.5%EPS, diluted−0.28 −200.0%Fiscal year 2024Revenue514.0 +15.5%Operating income73.5Net income18.7 +46.4%EPS, diluted0.03Fiscal year 2025Revenue557.6 +8.5%Operating income133.5Net income45.4 +142.7%EPS, diluted0.42 +1,300.0%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 378.5 416.4 430.0 531.6 446.5 445.0 514.0 557.6
Growth +10.0% +3.3% +23.6% −16.0% −0.3% +15.5% +8.5%
Operating income 75.1 85.0 −43.1 109.4 80.3 −11.8 73.5 133.5
Net income 0.0 0.0 4.0 21.5 19.8 12.8 18.7 45.4
Growth +430.6% −7.7% −35.5% +46.4% +142.7%
EPS, diluted 0.00 0.00 −0.58 0.28 0.28 −0.28 0.03 0.42
Growth +0.0% −200.0% +1,300.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2018Operating margin19.8%Net margin0.0%Free cash flow margin30.7%Fiscal year 2019Operating margin20.4%Net margin0.0%Free cash flow margin22.1%Fiscal year 2020Operating margin−10.0%Net margin0.9%Free cash flow margin15.5%Fiscal year 2021Operating margin20.6%Net margin4.0%Free cash flow margin33.5%Fiscal year 2022Operating margin18.0%Net margin4.4%Free cash flow margin48.3%Fiscal year 2023Operating margin−2.7%Net margin2.9%Free cash flow margin19.8%Fiscal year 2024Operating margin14.3%Net margin3.6%Free cash flow margin25.7%Fiscal year 2025Operating margin23.9%Net margin8.1%Free cash flow margin31.4%
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 19.8% 20.4% −10.0% 20.6% 18.0% −2.7% 14.3% 23.9%
Net margin 0.0% 0.0% 0.9% 4.0% 4.4% 2.9% 3.6% 8.1%
Free cash flow margin 30.7% 22.1% 15.5% 33.5% 48.3% 19.8% 25.7% 31.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow117.0Capital expenditure−0.9Free cash flow116.2Fiscal year 2019Operating cash flow96.2Capital expenditure−4.0Free cash flow92.2 −20.6%Buybacks0.0Fiscal year 2020Operating cash flow68.2Capital expenditure−1.3Free cash flow66.9 −27.5%Buybacks0.0Fiscal year 2021Operating cash flow178.8Capital expenditure−0.6Free cash flow178.2 +166.6%Buybacks−0.9Fiscal year 2022Operating cash flow216.5Capital expenditure−0.8Free cash flow215.7 +21.0%Buybacks−26.4Fiscal year 2023Operating cash flow92.1Capital expenditure−3.8Free cash flow88.3 −59.1%Buybacks−4.5Fiscal year 2024Operating cash flow148.8Capital expenditure−16.7Free cash flow132.0 +49.5%Buybacks0.0Fiscal year 2025Operating cash flow183.5Capital expenditure−8.5Free cash flow175.0 +32.6%Buybacks−30.7
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 117.0 96.2 68.2 178.8 216.5 92.1 148.8 183.5
Capital expenditure −0.9 −4.0 −1.3 −0.6 −0.8 −3.8 −16.7 −8.5
Free cash flow 116.2 92.2 66.9 178.2 215.7 88.3 132.0 175.0
Growth −20.6% −27.5% +166.6% +21.0% −59.1% +49.5% +32.6%
Buybacks n/a 0.0 0.0 −0.9 −26.4 −4.5 0.0 −30.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash68.1Fiscal year 2019Cash79.9Total debt448.5Net cash (debt)−368.6Fiscal year 2020Cash198.1Total debt335.2Net cash (debt)−137.0Shareholders’ equity−29.3Fiscal year 2021Cash96.2Total debt390.5Net cash (debt)−294.3Shareholders’ equity−25.7Fiscal year 2022Cash85.2Total debt387.6Net cash (debt)−302.5Shareholders’ equity−19.8Fiscal year 2023Cash44.4Total debt384.7Net cash (debt)−340.4Shareholders’ equity−27.6Fiscal year 2024Cash89.5Total debt432.0Net cash (debt)−342.6Shareholders’ equity−27.6Fiscal year 2025Cash242.1Total debt428.4Net cash (debt)−186.3Shareholders’ equity27.0Debt to equity15.87
FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 68.1 79.9 198.1 96.2 85.2 44.4 89.5 242.1
Total debt n/a 448.5 335.2 390.5 387.6 384.7 432.0 428.4
Net cash (debt) n/a −368.6 −137.0 −294.3 −302.5 −340.4 −342.6 −186.3
Shareholders’ equity n/a n/a −29.3 −25.7 −19.8 −27.6 −27.6 27.0
Debt to equity n/a n/a n/a n/a n/a n/a n/a 15.87

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
378.5 416.4 430.0 531.6 446.5 445.0 514.0 557.6
Growth +10.0% +3.3% +23.6% −16.0% −0.3% +15.5% +8.5%
93.0 88.5 84.6 88.4 88.9 100.8 104.3 104.8
75.1 85.0 −43.1 109.4 80.3 −11.8 73.5 133.5
Growth +13.1% −150.7% −26.6% −114.7% +81.6%
65.1 62.3 −78.7 153.1 89.1 −21.5 50.2 154.9
1.4 2.3 4.5 11.0 9.6 7.7 13.6 12.9
0.0 0.0 4.0 21.5 19.8 12.8 18.7 45.4
Growth +430.6% −7.7% −35.5% +46.4% +142.7%
Per share
0.00 0.00 0.10 0.49 0.45 0.30 0.42 0.87
0.00 0.00 −0.58 0.28 0.28 −0.28 0.03 0.42
Growth +0.0% −200.0% +1,300.0%
0.0 0.0 40.0 43.8 43.9 43.2 44.7 52.0
0.0 0.0 184.2 189.1 188.6 187.4 190.6 197.3
Growth +2.6% −0.3% −0.6% +1.7% +3.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.3% a year over five years.
  • The diluted share count rose 7.1% in five years, which is dilution.
  • Operating margin is up 34.0 points on five years ago, at 23.9%.
  • Profitable in every one of the 8 years on file.