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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and LandBridge Co LLC (LB). Click either name above to swap in a different company.

GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $56.8M, roughly 1.7× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -5.2%, a 19.4% gap on every dollar of revenue. LandBridge Co LLC produced more free cash flow last quarter ($122.0M 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.

GCL vs LB — Head-to-Head

Bigger by revenue
GCL
GCL
1.7× larger
GCL
$98.7M
$56.8M
LB
Higher net margin
LB
LB
19.4% more per $
LB
14.2%
-5.2%
GCL
More free cash flow
LB
LB
$127.3M more FCF
LB
$122.0M
$-5.2M
GCL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCL
GCL
LB
LB
Revenue
$98.7M
$56.8M
Net Profit
$-5.1M
$8.1M
Gross Margin
11.0%
Operating Margin
-6.7%
60.0%
Net Margin
-5.2%
14.2%
Revenue YoY
55.6%
Net Profit YoY
-83.7%
EPS (diluted)
$-0.04
$0.24

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
LB
LB
Q4 25
$56.8M
Q3 25
$98.7M
$50.8M
Q2 25
$142.1M
$47.5M
Q1 25
$44.0M
Q4 24
$36.5M
Q3 24
$36.1M
$28.5M
Q2 24
$26.0M
Q1 24
$19.0M
Net Profit
GCL
GCL
LB
LB
Q4 25
$8.1M
Q3 25
$-5.1M
$8.1M
Q2 25
$5.6M
$7.5M
Q1 25
$6.5M
Q4 24
$49.3M
Q3 24
$-1.9M
$2.7M
Q2 24
$-57.7M
Q1 24
$10.8M
Gross Margin
GCL
GCL
LB
LB
Q4 25
Q3 25
11.0%
Q2 25
15.0%
Q1 25
Q4 24
Q3 24
16.2%
Q2 24
Q1 24
Operating Margin
GCL
GCL
LB
LB
Q4 25
60.0%
Q3 25
-6.7%
60.8%
Q2 25
2.3%
60.0%
Q1 25
57.0%
Q4 24
49.4%
Q3 24
-5.6%
11.2%
Q2 24
-197.4%
Q1 24
71.1%
Net Margin
GCL
GCL
LB
LB
Q4 25
14.2%
Q3 25
-5.2%
15.9%
Q2 25
3.9%
15.8%
Q1 25
14.7%
Q4 24
135.2%
Q3 24
-5.2%
9.3%
Q2 24
-222.1%
Q1 24
56.7%
EPS (diluted)
GCL
GCL
LB
LB
Q4 25
$0.24
Q3 25
$-0.04
$0.26
Q2 25
$0.05
$0.24
Q1 25
$0.20
Q4 24
Q3 24
$-0.04
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
LB
LB
Cash + ST InvestmentsLiquidity on hand
$16.6M
$30.7M
Total DebtLower is stronger
$52.0M
$570.7M
Stockholders' EquityBook value
$33.1M
$340.3M
Total Assets
$159.9M
$1.4B
Debt / EquityLower = less leverage
1.57×
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
LB
LB
Q4 25
$30.7M
Q3 25
$16.6M
$28.3M
Q2 25
$18.2M
$20.3M
Q1 25
$14.9M
Q4 24
$37.0M
Q3 24
$2.7M
$14.4M
Q2 24
$24.6M
Q1 24
Total Debt
GCL
GCL
LB
LB
Q4 25
$570.7M
Q3 25
$52.0M
$366.1M
Q2 25
$11.9M
$370.9M
Q1 25
$375.5M
Q4 24
$385.5M
Q3 24
$242.4M
Q2 24
$360.8M
Q1 24
Stockholders' Equity
GCL
GCL
LB
LB
Q4 25
$340.3M
Q3 25
$33.1M
$272.0M
Q2 25
$35.9M
$266.4M
Q1 25
$217.0M
Q4 24
$211.8M
Q3 24
$15.9M
$97.2M
Q2 24
$296.4M
Q1 24
$162.3M
Total Assets
GCL
GCL
LB
LB
Q4 25
$1.4B
Q3 25
$159.9M
$1.1B
Q2 25
$101.6M
$1.1B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$49.6M
$689.9M
Q2 24
$710.5M
Q1 24
Debt / Equity
GCL
GCL
LB
LB
Q4 25
1.68×
Q3 25
1.57×
1.35×
Q2 25
0.33×
1.39×
Q1 25
1.73×
Q4 24
1.82×
Q3 24
2.49×
Q2 24
1.22×
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
GCL
GCL
LB
LB
Operating Cash FlowLast quarter
$-4.8M
$126.3M
Free Cash FlowOCF − Capex
$-5.2M
$122.0M
FCF MarginFCF / Revenue
-5.3%
214.9%
Capex IntensityCapex / Revenue
0.4%
7.5%
Cash ConversionOCF / Net Profit
15.68×
TTM Free Cash FlowTrailing 4 quarters
$207.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
LB
LB
Q4 25
$126.3M
Q3 25
$-4.8M
$34.9M
Q2 25
$-10.3M
$37.3M
Q1 25
$15.9M
Q4 24
$67.6M
Q3 24
$6.1M
$7.5M
Q2 24
$16.0M
Q1 24
$17.2M
Free Cash Flow
GCL
GCL
LB
LB
Q4 25
$122.0M
Q3 25
$-5.2M
$33.7M
Q2 25
$-10.5M
$36.1M
Q1 25
$15.8M
Q4 24
$66.7M
Q3 24
$7.1M
Q2 24
$15.7M
Q1 24
$17.1M
FCF Margin
GCL
GCL
LB
LB
Q4 25
214.9%
Q3 25
-5.3%
66.3%
Q2 25
-7.4%
75.9%
Q1 25
36.0%
Q4 24
182.6%
Q3 24
25.1%
Q2 24
60.4%
Q1 24
90.1%
Capex Intensity
GCL
GCL
LB
LB
Q4 25
7.5%
Q3 25
0.4%
2.3%
Q2 25
0.1%
2.6%
Q1 25
0.2%
Q4 24
2.7%
Q3 24
1.1%
Q2 24
1.4%
Q1 24
0.5%
Cash Conversion
GCL
GCL
LB
LB
Q4 25
15.68×
Q3 25
4.31×
Q2 25
-1.84×
4.98×
Q1 25
2.46×
Q4 24
1.37×
Q3 24
2.80×
Q2 24
Q1 24
1.60×

Financial Flow Comparison

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

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