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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $98.7M, roughly 1.7× GCL Global Holdings Ltd). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -82.0%, a 76.8% gap on every dollar of revenue. GCL Global Holdings Ltd produced more free cash flow last quarter ($-5.2M vs $-36.6M).

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.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

GCL vs PTCT — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.7× larger
PTCT
$164.7M
$98.7M
GCL
Higher net margin
GCL
GCL
76.8% more per $
GCL
-5.2%
-82.0%
PTCT
More free cash flow
GCL
GCL
$31.4M more FCF
GCL
$-5.2M
$-36.6M
PTCT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCL
GCL
PTCT
PTCT
Revenue
$98.7M
$164.7M
Net Profit
$-5.1M
$-135.0M
Gross Margin
11.0%
Operating Margin
-6.7%
-43.3%
Net Margin
-5.2%
-82.0%
Revenue YoY
-22.7%
Net Profit YoY
-104.8%
EPS (diluted)
$-0.04
$-1.63

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
PTCT
PTCT
Q4 25
$164.7M
Q3 25
$98.7M
$211.0M
Q2 25
$142.1M
$178.9M
Q1 25
$1.2B
Q4 24
$213.2M
Q3 24
$36.1M
$196.8M
Q2 24
$186.7M
Q1 24
$210.1M
Net Profit
GCL
GCL
PTCT
PTCT
Q4 25
$-135.0M
Q3 25
$-5.1M
$15.9M
Q2 25
$5.6M
$-64.8M
Q1 25
$866.6M
Q4 24
$-65.9M
Q3 24
$-1.9M
$-106.7M
Q2 24
$-99.2M
Q1 24
$-91.6M
Gross Margin
GCL
GCL
PTCT
PTCT
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
PTCT
PTCT
Q4 25
-43.3%
Q3 25
-6.7%
1.4%
Q2 25
2.3%
-19.5%
Q1 25
82.5%
Q4 24
-76.2%
Q3 24
-5.6%
-27.7%
Q2 24
-21.5%
Q1 24
-21.6%
Net Margin
GCL
GCL
PTCT
PTCT
Q4 25
-82.0%
Q3 25
-5.2%
7.5%
Q2 25
3.9%
-36.3%
Q1 25
73.7%
Q4 24
-30.9%
Q3 24
-5.2%
-54.2%
Q2 24
-53.1%
Q1 24
-43.6%
EPS (diluted)
GCL
GCL
PTCT
PTCT
Q4 25
$-1.63
Q3 25
$-0.04
$0.20
Q2 25
$0.05
$-0.83
Q1 25
$10.04
Q4 24
$-0.85
Q3 24
$-1.39
Q2 24
$-1.29
Q1 24
$-1.20

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$16.6M
$1.9B
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$33.1M
$-205.3M
Total Assets
$159.9M
$2.9B
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
PTCT
PTCT
Q4 25
$1.9B
Q3 25
$16.6M
$1.7B
Q2 25
$18.2M
$2.0B
Q1 25
$2.0B
Q4 24
$1.1B
Q3 24
$2.7M
$1.0B
Q2 24
$1.1B
Q1 24
$884.8M
Total Debt
GCL
GCL
PTCT
PTCT
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GCL
GCL
PTCT
PTCT
Q4 25
$-205.3M
Q3 25
$33.1M
$-155.8M
Q2 25
$35.9M
$-206.5M
Q1 25
$-185.8M
Q4 24
$-1.1B
Q3 24
$15.9M
$-1.1B
Q2 24
$-980.2M
Q1 24
$-893.9M
Total Assets
GCL
GCL
PTCT
PTCT
Q4 25
$2.9B
Q3 25
$159.9M
$2.6B
Q2 25
$101.6M
$2.6B
Q1 25
$2.7B
Q4 24
$1.7B
Q3 24
$49.6M
$1.8B
Q2 24
$1.9B
Q1 24
$1.8B
Debt / Equity
GCL
GCL
PTCT
PTCT
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
GCL
GCL
PTCT
PTCT
Operating Cash FlowLast quarter
$-4.8M
$-34.3M
Free Cash FlowOCF − Capex
$-5.2M
$-36.6M
FCF MarginFCF / Revenue
-5.3%
-22.3%
Capex IntensityCapex / Revenue
0.4%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
PTCT
PTCT
Q4 25
$-34.3M
Q3 25
$-4.8M
$-66.3M
Q2 25
$-10.3M
$-58.3M
Q1 25
$870.1M
Q4 24
$-30.0M
Q3 24
$6.1M
$-77.0M
Q2 24
$-71.5M
Q1 24
$70.8M
Free Cash Flow
GCL
GCL
PTCT
PTCT
Q4 25
$-36.6M
Q3 25
$-5.2M
$-69.7M
Q2 25
$-10.5M
$-59.6M
Q1 25
$868.4M
Q4 24
$-33.8M
Q3 24
$-77.5M
Q2 24
$-78.8M
Q1 24
$61.2M
FCF Margin
GCL
GCL
PTCT
PTCT
Q4 25
-22.3%
Q3 25
-5.3%
-33.1%
Q2 25
-7.4%
-33.3%
Q1 25
73.8%
Q4 24
-15.8%
Q3 24
-39.4%
Q2 24
-42.2%
Q1 24
29.1%
Capex Intensity
GCL
GCL
PTCT
PTCT
Q4 25
1.4%
Q3 25
0.4%
1.6%
Q2 25
0.1%
0.7%
Q1 25
0.1%
Q4 24
1.8%
Q3 24
0.3%
Q2 24
4.0%
Q1 24
4.6%
Cash Conversion
GCL
GCL
PTCT
PTCT
Q4 25
Q3 25
-4.17×
Q2 25
-1.84×
Q1 25
1.00×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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