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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and GOLAR LNG LTD (GLNG). Click either name above to swap in a different company.

GOLAR LNG LTD is the larger business by last-quarter revenue ($122.5M vs $98.7M, roughly 1.2× GCL Global Holdings Ltd). GOLAR LNG LTD runs the higher net margin — 25.7% vs -5.2%, a 30.9% gap on every dollar of revenue.

GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.

Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon ...

GCL vs GLNG — Head-to-Head

Bigger by revenue
GLNG
GLNG
1.2× larger
GLNG
$122.5M
$98.7M
GCL
Higher net margin
GLNG
GLNG
30.9% more per $
GLNG
25.7%
-5.2%
GCL

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
GCL
GCL
GLNG
GLNG
Revenue
$98.7M
$122.5M
Net Profit
$-5.1M
$31.5M
Gross Margin
11.0%
Operating Margin
-6.7%
39.4%
Net Margin
-5.2%
25.7%
Revenue YoY
89.1%
Net Profit YoY
190.5%
EPS (diluted)
$-0.04

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.

Revenue
GCL
GCL
GLNG
GLNG
Q3 25
$98.7M
$122.5M
Q2 25
$142.1M
Q3 24
$36.1M
$64.8M
Q3 23
$67.3M
Q3 22
$68.4M
Net Profit
GCL
GCL
GLNG
GLNG
Q3 25
$-5.1M
$31.5M
Q2 25
$5.6M
Q3 24
$-1.9M
$-34.8M
Q3 23
$92.5M
Q3 22
$141.1M
Gross Margin
GCL
GCL
GLNG
GLNG
Q3 25
11.0%
Q2 25
15.0%
Q3 24
16.2%
Q3 23
Q3 22
Operating Margin
GCL
GCL
GLNG
GLNG
Q3 25
-6.7%
39.4%
Q2 25
2.3%
Q3 24
-5.6%
-43.7%
Q3 23
Q3 22
Net Margin
GCL
GCL
GLNG
GLNG
Q3 25
-5.2%
25.7%
Q2 25
3.9%
Q3 24
-5.2%
-53.7%
Q3 23
137.5%
Q3 22
206.2%
EPS (diluted)
GCL
GCL
GLNG
GLNG
Q3 25
$-0.04
Q2 25
$0.05
Q3 24
Q3 23
Q3 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GCL
GCL
GLNG
GLNG
Cash + ST InvestmentsLiquidity on hand
$16.6M
$611.2M
Total DebtLower is stronger
$52.0M
$1.9B
Stockholders' EquityBook value
$33.1M
$1.9B
Total Assets
$159.9M
$4.7B
Debt / EquityLower = less leverage
1.57×
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
GLNG
GLNG
Q3 25
$16.6M
$611.2M
Q2 25
$18.2M
Q3 24
$2.7M
$732.1M
Q3 23
$727.1M
Q3 22
$498.1M
Total Debt
GCL
GCL
GLNG
GLNG
Q3 25
$52.0M
$1.9B
Q2 25
$11.9M
Q3 24
$1.4B
Q3 23
$1.2B
Q3 22
$1.4B
Stockholders' Equity
GCL
GCL
GLNG
GLNG
Q3 25
$33.1M
$1.9B
Q2 25
$35.9M
Q3 24
$15.9M
$2.0B
Q3 23
$2.2B
Q3 22
$2.4B
Total Assets
GCL
GCL
GLNG
GLNG
Q3 25
$159.9M
$4.7B
Q2 25
$101.6M
Q3 24
$49.6M
$4.3B
Q3 23
$4.0B
Q3 22
$4.4B
Debt / Equity
GCL
GCL
GLNG
GLNG
Q3 25
1.57×
1.01×
Q2 25
0.33×
Q3 24
0.70×
Q3 23
0.55×
Q3 22
0.56×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GCL
GCL
GLNG
GLNG
Operating Cash FlowLast quarter
$-4.8M
$149.0M
Free Cash FlowOCF − Capex
$-5.2M
FCF MarginFCF / Revenue
-5.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
4.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
GLNG
GLNG
Q3 25
$-4.8M
$149.0M
Q2 25
$-10.3M
Q3 24
$6.1M
$62.6M
Q3 23
Q3 22
Free Cash Flow
GCL
GCL
GLNG
GLNG
Q3 25
$-5.2M
Q2 25
$-10.5M
Q3 24
Q3 23
Q3 22
FCF Margin
GCL
GCL
GLNG
GLNG
Q3 25
-5.3%
Q2 25
-7.4%
Q3 24
Q3 23
Q3 22
Capex Intensity
GCL
GCL
GLNG
GLNG
Q3 25
0.4%
Q2 25
0.1%
Q3 24
Q3 23
Q3 22
Cash Conversion
GCL
GCL
GLNG
GLNG
Q3 25
4.73×
Q2 25
-1.84×
Q3 24
Q3 23
Q3 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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