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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
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| Q4 25 | — | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 | — | — |
| 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 | — | — |
| 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 |
| 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 | — | — |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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.