vs

Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and Holley Inc. (HLLY). Click either name above to swap in a different company.

Holley Inc. is the larger business by last-quarter revenue ($155.4M vs $98.7M, roughly 1.6× GCL Global Holdings Ltd). Holley Inc. runs the higher net margin — 4.1% vs -5.2%, a 9.2% gap on every dollar of revenue. Holley Inc. produced more free cash flow last quarter ($3.8M vs $-5.2M).

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.

Holley Performance Products is an automotive performance company based in Bowling Green, Kentucky. It was founded in 1896 in Bradford, Pennsylvania, by George Holley and Earl Holley. When the company was based in Michigan it was a major producer of carburetors for many Detroit-built automobiles.

GCL vs HLLY — Head-to-Head

Bigger by revenue
HLLY
HLLY
1.6× larger
HLLY
$155.4M
$98.7M
GCL
Higher net margin
HLLY
HLLY
9.2% more per $
HLLY
4.1%
-5.2%
GCL
More free cash flow
HLLY
HLLY
$9.0M more FCF
HLLY
$3.8M
$-5.2M
GCL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCL
GCL
HLLY
HLLY
Revenue
$98.7M
$155.4M
Net Profit
$-5.1M
$6.3M
Gross Margin
11.0%
46.8%
Operating Margin
-6.7%
12.7%
Net Margin
-5.2%
4.1%
Revenue YoY
11.0%
Net Profit YoY
116.7%
EPS (diluted)
$-0.04
$0.06

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
HLLY
HLLY
Q4 25
$155.4M
Q3 25
$98.7M
$138.4M
Q2 25
$142.1M
$166.7M
Q1 25
$153.0M
Q4 24
$140.1M
Q3 24
$36.1M
$134.0M
Q2 24
$169.5M
Q1 24
$158.6M
Net Profit
GCL
GCL
HLLY
HLLY
Q4 25
$6.3M
Q3 25
$-5.1M
$-806.0K
Q2 25
$5.6M
$10.9M
Q1 25
$2.8M
Q4 24
$-37.8M
Q3 24
$-1.9M
$-6.3M
Q2 24
$17.1M
Q1 24
$3.7M
Gross Margin
GCL
GCL
HLLY
HLLY
Q4 25
46.8%
Q3 25
11.0%
43.2%
Q2 25
15.0%
41.7%
Q1 25
41.9%
Q4 24
45.6%
Q3 24
16.2%
39.0%
Q2 24
41.5%
Q1 24
32.8%
Operating Margin
GCL
GCL
HLLY
HLLY
Q4 25
12.7%
Q3 25
-6.7%
11.5%
Q2 25
2.3%
16.5%
Q1 25
12.6%
Q4 24
-20.7%
Q3 24
-5.6%
4.2%
Q2 24
16.4%
Q1 24
6.4%
Net Margin
GCL
GCL
HLLY
HLLY
Q4 25
4.1%
Q3 25
-5.2%
-0.6%
Q2 25
3.9%
6.5%
Q1 25
1.8%
Q4 24
-27.0%
Q3 24
-5.2%
-4.7%
Q2 24
10.1%
Q1 24
2.4%
EPS (diluted)
GCL
GCL
HLLY
HLLY
Q4 25
$0.06
Q3 25
$-0.04
$-0.01
Q2 25
$0.05
$0.09
Q1 25
$0.02
Q4 24
$-0.32
Q3 24
$-0.05
Q2 24
$0.14
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
HLLY
HLLY
Cash + ST InvestmentsLiquidity on hand
$16.6M
$37.2M
Total DebtLower is stronger
$52.0M
$516.1M
Stockholders' EquityBook value
$33.1M
$448.9M
Total Assets
$159.9M
$1.2B
Debt / EquityLower = less leverage
1.57×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
HLLY
HLLY
Q4 25
$37.2M
Q3 25
$16.6M
$50.7M
Q2 25
$18.2M
$63.8M
Q1 25
$39.1M
Q4 24
$56.1M
Q3 24
$2.7M
$50.8M
Q2 24
$53.1M
Q1 24
$41.1M
Total Debt
GCL
GCL
HLLY
HLLY
Q4 25
$516.1M
Q3 25
$52.0M
$528.9M
Q2 25
$11.9M
$543.3M
Q1 25
$551.3M
Q4 24
$545.4M
Q3 24
$556.4M
Q2 24
$556.1M
Q1 24
$567.6M
Stockholders' Equity
GCL
GCL
HLLY
HLLY
Q4 25
$448.9M
Q3 25
$33.1M
$439.7M
Q2 25
$35.9M
$437.8M
Q1 25
$424.6M
Q4 24
$421.2M
Q3 24
$15.9M
$458.7M
Q2 24
$463.2M
Q1 24
$444.9M
Total Assets
GCL
GCL
HLLY
HLLY
Q4 25
$1.2B
Q3 25
$159.9M
$1.2B
Q2 25
$101.6M
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$49.6M
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Debt / Equity
GCL
GCL
HLLY
HLLY
Q4 25
1.15×
Q3 25
1.57×
1.20×
Q2 25
0.33×
1.24×
Q1 25
1.30×
Q4 24
1.29×
Q3 24
1.21×
Q2 24
1.20×
Q1 24
1.28×

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
HLLY
HLLY
Operating Cash FlowLast quarter
$-4.8M
$6.2M
Free Cash FlowOCF − Capex
$-5.2M
$3.8M
FCF MarginFCF / Revenue
-5.3%
2.4%
Capex IntensityCapex / Revenue
0.4%
1.5%
Cash ConversionOCF / Net Profit
0.98×
TTM Free Cash FlowTrailing 4 quarters
$33.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
HLLY
HLLY
Q4 25
$6.2M
Q3 25
$-4.8M
$7.4M
Q2 25
$-10.3M
$40.5M
Q1 25
$-7.8M
Q4 24
$4.1M
Q3 24
$6.1M
$-1.7M
Q2 24
$25.7M
Q1 24
$18.8M
Free Cash Flow
GCL
GCL
HLLY
HLLY
Q4 25
$3.8M
Q3 25
$-5.2M
$5.3M
Q2 25
$-10.5M
$35.7M
Q1 25
$-10.8M
Q4 24
$1.7M
Q3 24
$-3.5M
Q2 24
$24.3M
Q1 24
$17.6M
FCF Margin
GCL
GCL
HLLY
HLLY
Q4 25
2.4%
Q3 25
-5.3%
3.8%
Q2 25
-7.4%
21.4%
Q1 25
-7.1%
Q4 24
1.2%
Q3 24
-2.6%
Q2 24
14.3%
Q1 24
11.1%
Capex Intensity
GCL
GCL
HLLY
HLLY
Q4 25
1.5%
Q3 25
0.4%
1.6%
Q2 25
0.1%
2.9%
Q1 25
1.9%
Q4 24
1.7%
Q3 24
1.3%
Q2 24
0.8%
Q1 24
0.8%
Cash Conversion
GCL
GCL
HLLY
HLLY
Q4 25
0.98×
Q3 25
Q2 25
-1.84×
3.73×
Q1 25
-2.79×
Q4 24
Q3 24
Q2 24
1.50×
Q1 24
5.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GCL
GCL

Segment breakdown not available.

HLLY
HLLY

Truck Off Road$125.5M81%
Euro Import$29.9M19%

Related Comparisons