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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $98.7M, roughly 1.6× GCL Global Holdings Ltd). CPI Card Group Inc. runs the higher net margin — 4.8% vs -5.2%, a 10.0% gap on every dollar of revenue. CPI Card Group Inc. produced more free cash flow last quarter ($35.2M 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
GCL vs PMTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $153.1M |
| Net Profit | $-5.1M | $7.3M |
| Gross Margin | 11.0% | 31.5% |
| Operating Margin | -6.7% | 12.0% |
| Net Margin | -5.2% | 4.8% |
| Revenue YoY | — | 22.3% |
| Net Profit YoY | — | 8.5% |
| EPS (diluted) | $-0.04 | $0.62 |
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 | — | $153.1M | ||
| Q3 25 | $98.7M | $138.0M | ||
| Q2 25 | $142.1M | $129.8M | ||
| Q1 25 | — | $122.8M | ||
| Q4 24 | — | $125.1M | ||
| Q3 24 | $36.1M | $124.8M | ||
| Q2 24 | — | $118.8M | ||
| Q1 24 | — | $111.9M |
| Q4 25 | — | $7.3M | ||
| Q3 25 | $-5.1M | $2.3M | ||
| Q2 25 | $5.6M | $518.0K | ||
| Q1 25 | — | $4.8M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $-1.9M | $1.3M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | 11.0% | 29.7% | ||
| Q2 25 | 15.0% | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | 16.2% | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | — | 12.0% | ||
| Q3 25 | -6.7% | 9.4% | ||
| Q2 25 | 2.3% | 7.3% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 12.7% | ||
| Q3 24 | -5.6% | 14.3% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | -5.2% | 1.7% | ||
| Q2 25 | 3.9% | 0.4% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | -5.2% | 1.0% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $-0.04 | $0.19 | ||
| Q2 25 | $0.05 | $0.04 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.51 | ||
| Q1 24 | — | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $52.0M | $286.7M |
| Stockholders' EquityBook value | $33.1M | $-17.3M |
| Total Assets | $159.9M | $403.2M |
| Debt / EquityLower = less leverage | 1.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.7M | ||
| Q3 25 | $16.6M | $16.0M | ||
| Q2 25 | $18.2M | $17.1M | ||
| Q1 25 | — | $31.5M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | $2.7M | $14.7M | ||
| Q2 24 | — | $7.5M | ||
| Q1 24 | — | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | $52.0M | $308.4M | ||
| Q2 25 | $11.9M | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | — | $-17.3M | ||
| Q3 25 | $33.1M | $-25.7M | ||
| Q2 25 | $35.9M | $-29.0M | ||
| Q1 25 | — | $-29.7M | ||
| Q4 24 | — | $-35.6M | ||
| Q3 24 | $15.9M | $-42.8M | ||
| Q2 24 | — | $-44.6M | ||
| Q1 24 | — | $-48.5M |
| Q4 25 | — | $403.2M | ||
| Q3 25 | $159.9M | $407.1M | ||
| Q2 25 | $101.6M | $399.8M | ||
| Q1 25 | — | $351.9M | ||
| Q4 24 | — | $349.7M | ||
| Q3 24 | $49.6M | $342.3M | ||
| Q2 24 | — | $321.4M | ||
| Q1 24 | — | $319.8M |
| Q4 25 | — | — | ||
| Q3 25 | 1.57× | — | ||
| Q2 25 | 0.33× | — | ||
| 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 | $-4.8M | $39.6M |
| Free Cash FlowOCF − Capex | $-5.2M | $35.2M |
| FCF MarginFCF / Revenue | -5.3% | 23.0% |
| Capex IntensityCapex / Revenue | 0.4% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.6M | ||
| Q3 25 | $-4.8M | $10.0M | ||
| Q2 25 | $-10.3M | $4.3M | ||
| Q1 25 | — | $5.6M | ||
| Q4 24 | — | $26.7M | ||
| Q3 24 | $6.1M | $12.5M | ||
| Q2 24 | — | $-4.8M | ||
| Q1 24 | — | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | $-5.2M | $5.3M | ||
| Q2 25 | $-10.5M | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | -5.3% | 3.8% | ||
| Q2 25 | -7.4% | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 0.4% | 3.4% | ||
| Q2 25 | 0.1% | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | -1.84× | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GCL
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
