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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $172.2M, roughly 1.0× Acadian Asset Management Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 20.2%, a 12.7% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 27.5%).
United Asset Management was an American holding company headquartered in Boston, Massachusetts.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
AAMI vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.2M | $177.1M |
| Net Profit | $34.7M | $58.2M |
| Gross Margin | — | — |
| Operating Margin | 33.3% | 30.9% |
| Net Margin | 20.2% | 32.8% |
| Revenue YoY | 2.6% | 7.2% |
| Net Profit YoY | -18.4% | 149.2% |
| EPS (diluted) | $0.97 | $0.23 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $172.2M | $177.1M | ||
| Q3 25 | $144.2M | $135.0M | ||
| Q2 25 | $127.4M | $119.7M | ||
| Q1 25 | $119.9M | $125.8M | ||
| Q4 24 | $167.8M | $165.3M | ||
| Q3 24 | $123.1M | $122.9M | ||
| Q2 24 | $109.0M | $117.0M | ||
| Q1 24 | $105.7M | $108.9M |
| Q4 25 | $34.7M | $58.2M | ||
| Q3 25 | $15.1M | $10.5M | ||
| Q2 25 | $10.1M | $15.4M | ||
| Q1 25 | $20.1M | $463.0K | ||
| Q4 24 | $42.5M | $7.6M | ||
| Q3 24 | $16.9M | $4.2M | ||
| Q2 24 | $11.0M | $4.8M | ||
| Q1 24 | $14.6M | $2.1M |
| Q4 25 | 33.3% | 30.9% | ||
| Q3 25 | 18.4% | 32.7% | ||
| Q2 25 | 12.7% | 16.1% | ||
| Q1 25 | 26.6% | 12.2% | ||
| Q4 24 | 38.7% | 26.4% | ||
| Q3 24 | 21.9% | 20.3% | ||
| Q2 24 | 18.9% | 17.8% | ||
| Q1 24 | 21.7% | -14.7% |
| Q4 25 | 20.2% | 32.8% | ||
| Q3 25 | 10.5% | 7.8% | ||
| Q2 25 | 7.9% | 12.9% | ||
| Q1 25 | 16.8% | 0.4% | ||
| Q4 24 | 25.3% | 4.6% | ||
| Q3 24 | 13.7% | 3.4% | ||
| Q2 24 | 10.1% | 4.1% | ||
| Q1 24 | 13.8% | 2.0% |
| Q4 25 | $0.97 | $0.23 | ||
| Q3 25 | $0.42 | $0.16 | ||
| Q2 25 | $0.28 | $0.05 | ||
| Q1 25 | $0.54 | $-0.02 | ||
| Q4 24 | $1.11 | $0.09 | ||
| Q3 24 | $0.45 | $0.03 | ||
| Q2 24 | $0.29 | $0.04 | ||
| Q1 24 | $0.37 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $242.1M |
| Total DebtLower is stronger | $200.0M | $428.4M |
| Stockholders' EquityBook value | — | $27.0M |
| Total Assets | $677.0M | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $242.1M | ||
| Q3 25 | — | $182.7M | ||
| Q2 25 | — | $136.3M | ||
| Q1 25 | — | $94.5M | ||
| Q4 24 | — | $89.5M | ||
| Q3 24 | — | $98.4M | ||
| Q2 24 | — | $73.9M | ||
| Q1 24 | — | $41.9M |
| Q4 25 | $200.0M | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | $275.0M | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | — | $384.0M |
| Q4 25 | — | $27.0M | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | — | $-12.3M | ||
| Q1 25 | — | $-28.3M | ||
| Q4 24 | — | $-27.6M | ||
| Q3 24 | — | $-31.9M | ||
| Q2 24 | — | $-28.5M | ||
| Q1 24 | — | $-26.4M |
| Q4 25 | $677.0M | $813.8M | ||
| Q3 25 | $751.4M | $685.9M | ||
| Q2 25 | $672.3M | $636.9M | ||
| Q1 25 | $677.3M | $579.8M | ||
| Q4 24 | $703.2M | $612.7M | ||
| Q3 24 | $555.2M | $575.0M | ||
| Q2 24 | $533.1M | $543.9M | ||
| Q1 24 | $544.9M | $497.3M |
| Q4 25 | — | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.4M | $183.5M |
| Free Cash FlowOCF − Capex | — | $175.0M |
| FCF MarginFCF / Revenue | — | 98.8% |
| Capex IntensityCapex / Revenue | — | 4.8% |
| Cash ConversionOCF / Net Profit | -0.07× | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.4M | $183.5M | ||
| Q3 25 | $-23.9M | $79.8M | ||
| Q2 25 | $61.6M | $42.0M | ||
| Q1 25 | $-48.8M | $33.3M | ||
| Q4 24 | $55.8M | $148.8M | ||
| Q3 24 | $69.6M | $69.0M | ||
| Q2 24 | $45.7M | $17.5M | ||
| Q1 24 | $-40.4M | $24.2M |
| Q4 25 | — | $175.0M | ||
| Q3 25 | — | $78.3M | ||
| Q2 25 | — | $40.8M | ||
| Q1 25 | — | $32.1M | ||
| Q4 24 | — | $132.0M | ||
| Q3 24 | — | $62.2M | ||
| Q2 24 | — | $12.8M | ||
| Q1 24 | — | $20.0M |
| Q4 25 | — | 98.8% | ||
| Q3 25 | — | 58.0% | ||
| Q2 25 | — | 34.1% | ||
| Q1 25 | — | 25.5% | ||
| Q4 24 | — | 79.9% | ||
| Q3 24 | — | 50.6% | ||
| Q2 24 | — | 10.9% | ||
| Q1 24 | — | 18.4% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | -0.07× | 3.16× | ||
| Q3 25 | -1.58× | 7.61× | ||
| Q2 25 | 6.10× | 2.72× | ||
| Q1 25 | -2.43× | 71.84× | ||
| Q4 24 | 1.31× | 19.54× | ||
| Q3 24 | 4.12× | 16.60× | ||
| Q2 24 | 4.15× | 3.64× | ||
| Q1 24 | -2.77× | 11.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAMI
Segment breakdown not available.
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
