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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $177.1M, roughly 1.4× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 27.9%, a 4.9% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 0.9%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-14.7M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 10.7%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
DOUG vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $177.1M |
| Net Profit | $68.6M | $58.2M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 30.9% |
| Net Margin | 27.9% | 32.8% |
| Revenue YoY | 0.9% | 7.2% |
| Net Profit YoY | 1243.4% | 149.2% |
| EPS (diluted) | $0.80 | $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 | $245.4M | $177.1M | ||
| Q3 25 | $262.8M | $135.0M | ||
| Q2 25 | $271.4M | $119.7M | ||
| Q1 25 | $253.4M | $125.8M | ||
| Q4 24 | $243.3M | $165.3M | ||
| Q3 24 | $266.3M | $122.9M | ||
| Q2 24 | $285.8M | $117.0M | ||
| Q1 24 | $200.2M | $108.9M |
| Q4 25 | $68.6M | $58.2M | ||
| Q3 25 | $-24.7M | $10.5M | ||
| Q2 25 | $-22.7M | $15.4M | ||
| Q1 25 | $-6.0M | $463.0K | ||
| Q4 24 | $-6.0M | $7.6M | ||
| Q3 24 | $-27.2M | $4.2M | ||
| Q2 24 | $-1.7M | $4.8M | ||
| Q1 24 | $-41.5M | $2.1M |
| Q4 25 | 27.3% | 30.9% | ||
| Q3 25 | -4.1% | 32.7% | ||
| Q2 25 | -2.0% | 16.1% | ||
| Q1 25 | -2.1% | 12.2% | ||
| Q4 24 | -6.7% | 26.4% | ||
| Q3 24 | -2.8% | 20.3% | ||
| Q2 24 | -1.3% | 17.8% | ||
| Q1 24 | -20.7% | -14.7% |
| Q4 25 | 27.9% | 32.8% | ||
| Q3 25 | -9.4% | 7.8% | ||
| Q2 25 | -8.4% | 12.9% | ||
| Q1 25 | -2.4% | 0.4% | ||
| Q4 24 | -2.5% | 4.6% | ||
| Q3 24 | -10.2% | 3.4% | ||
| Q2 24 | -0.6% | 4.1% | ||
| Q1 24 | -20.7% | 2.0% |
| Q4 25 | $0.80 | $0.23 | ||
| Q3 25 | $-0.29 | $0.16 | ||
| Q2 25 | $-0.27 | $0.05 | ||
| Q1 25 | $-0.07 | $-0.02 | ||
| Q4 24 | $-0.06 | $0.09 | ||
| Q3 24 | $-0.33 | $0.03 | ||
| Q2 24 | $-0.02 | $0.04 | ||
| Q1 24 | $-0.50 | $-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 | $115.5M | $242.1M |
| Total DebtLower is stronger | — | $428.4M |
| Stockholders' EquityBook value | $183.9M | $27.0M |
| Total Assets | $444.4M | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $242.1M | ||
| Q3 25 | $143.0M | $182.7M | ||
| Q2 25 | $136.3M | $136.3M | ||
| Q1 25 | $136.8M | $94.5M | ||
| Q4 24 | $145.5M | $89.5M | ||
| Q3 24 | $151.4M | $98.4M | ||
| Q2 24 | $92.9M | $73.9M | ||
| Q1 24 | $91.5M | $41.9M |
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | — | $384.0M |
| Q4 25 | $183.9M | $27.0M | ||
| Q3 25 | $115.1M | $-7.4M | ||
| Q2 25 | $137.6M | $-12.3M | ||
| Q1 25 | $158.2M | $-28.3M | ||
| Q4 24 | $162.2M | $-27.6M | ||
| Q3 24 | $173.6M | $-31.9M | ||
| Q2 24 | $196.9M | $-28.5M | ||
| Q1 24 | $195.1M | $-26.4M |
| Q4 25 | $444.4M | $813.8M | ||
| Q3 25 | $480.6M | $685.9M | ||
| Q2 25 | $489.0M | $636.9M | ||
| Q1 25 | $493.9M | $579.8M | ||
| Q4 24 | $493.9M | $612.7M | ||
| Q3 24 | $502.7M | $575.0M | ||
| Q2 24 | $463.9M | $543.9M | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $183.5M |
| Free Cash FlowOCF − Capex | $-14.7M | $175.0M |
| FCF MarginFCF / Revenue | -6.0% | 98.8% |
| Capex IntensityCapex / Revenue | 0.1% | 4.8% |
| Cash ConversionOCF / Net Profit | -0.21× | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $183.5M | ||
| Q3 25 | $5.5M | $79.8M | ||
| Q2 25 | $642.0K | $42.0M | ||
| Q1 25 | $-5.6M | $33.3M | ||
| Q4 24 | $-9.0M | $148.8M | ||
| Q3 24 | $9.0M | $69.0M | ||
| Q2 24 | $1.3M | $17.5M | ||
| Q1 24 | $-27.3M | $24.2M |
| Q4 25 | $-14.7M | $175.0M | ||
| Q3 25 | $4.7M | $78.3M | ||
| Q2 25 | $-575.0K | $40.8M | ||
| Q1 25 | $-6.7M | $32.1M | ||
| Q4 24 | $-10.2M | $132.0M | ||
| Q3 24 | $7.7M | $62.2M | ||
| Q2 24 | $432.0K | $12.8M | ||
| Q1 24 | $-29.4M | $20.0M |
| Q4 25 | -6.0% | 98.8% | ||
| Q3 25 | 1.8% | 58.0% | ||
| Q2 25 | -0.2% | 34.1% | ||
| Q1 25 | -2.6% | 25.5% | ||
| Q4 24 | -4.2% | 79.9% | ||
| Q3 24 | 2.9% | 50.6% | ||
| Q2 24 | 0.2% | 10.9% | ||
| Q1 24 | -14.7% | 18.4% |
| Q4 25 | 0.1% | 4.8% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 0.4% | 0.9% | ||
| Q4 24 | 0.5% | 10.1% | ||
| Q3 24 | 0.5% | 5.5% | ||
| Q2 24 | 0.3% | 4.0% | ||
| Q1 24 | 1.0% | 3.9% |
| Q4 25 | -0.21× | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | — | 71.84× | ||
| Q4 24 | — | 19.54× | ||
| Q3 24 | — | 16.60× | ||
| Q2 24 | — | 3.64× | ||
| Q1 24 | — | 11.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
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% |
