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

Townsquare Media, Inc. is the larger business by last-quarter revenue ($106.5M vs $98.7M, roughly 1.1× GCL Global Holdings Ltd). Townsquare Media, Inc. runs the higher net margin — -4.9% vs -5.2%, a 0.3% gap on every dollar of revenue. Townsquare Media, Inc. produced more free cash flow last quarter ($9.2M 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.

Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.

GCL vs TSQ — Head-to-Head

Bigger by revenue
TSQ
TSQ
1.1× larger
TSQ
$106.5M
$98.7M
GCL
Higher net margin
TSQ
TSQ
0.3% more per $
TSQ
-4.9%
-5.2%
GCL
More free cash flow
TSQ
TSQ
$14.4M more FCF
TSQ
$9.2M
$-5.2M
GCL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCL
GCL
TSQ
TSQ
Revenue
$98.7M
$106.5M
Net Profit
$-5.1M
$-5.2M
Gross Margin
11.0%
24.1%
Operating Margin
-6.7%
9.5%
Net Margin
-5.2%
-4.9%
Revenue YoY
-9.6%
Net Profit YoY
-121.2%
EPS (diluted)
$-0.04

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
TSQ
TSQ
Q4 25
$106.5M
Q3 25
$98.7M
$106.8M
Q2 25
$142.1M
$115.4M
Q1 25
$98.7M
Q4 24
$117.8M
Q3 24
$36.1M
$115.3M
Q2 24
$118.2M
Q1 24
$99.6M
Net Profit
GCL
GCL
TSQ
TSQ
Q4 25
$-5.2M
Q3 25
$-5.1M
$-5.9M
Q2 25
$5.6M
$1.6M
Q1 25
$-2.0M
Q4 24
$24.6M
Q3 24
$-1.9M
$10.8M
Q2 24
$-49.2M
Q1 24
$1.1M
Gross Margin
GCL
GCL
TSQ
TSQ
Q4 25
24.1%
Q3 25
11.0%
26.2%
Q2 25
15.0%
28.3%
Q1 25
23.2%
Q4 24
31.6%
Q3 24
16.2%
27.3%
Q2 24
27.7%
Q1 24
22.8%
Operating Margin
GCL
GCL
TSQ
TSQ
Q4 25
9.5%
Q3 25
-6.7%
5.6%
Q2 25
2.3%
18.2%
Q1 25
7.2%
Q4 24
18.1%
Q3 24
-5.6%
13.1%
Q2 24
-18.1%
Q1 24
6.7%
Net Margin
GCL
GCL
TSQ
TSQ
Q4 25
-4.9%
Q3 25
-5.2%
-5.5%
Q2 25
3.9%
1.4%
Q1 25
-2.0%
Q4 24
20.8%
Q3 24
-5.2%
9.4%
Q2 24
-41.7%
Q1 24
1.1%
EPS (diluted)
GCL
GCL
TSQ
TSQ
Q4 25
Q3 25
$-0.04
$-0.36
Q2 25
$0.05
$0.09
Q1 25
$-0.12
Q4 24
$1.76
Q3 24
$0.63
Q2 24
$-3.26
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
TSQ
TSQ
Cash + ST InvestmentsLiquidity on hand
$16.6M
$4.8M
Total DebtLower is stronger
$52.0M
$433.0M
Stockholders' EquityBook value
$33.1M
$-41.0M
Total Assets
$159.9M
$528.6M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
TSQ
TSQ
Q4 25
$4.8M
Q3 25
$16.6M
$3.2M
Q2 25
$18.2M
$3.2M
Q1 25
$5.5M
Q4 24
$33.0M
Q3 24
$2.7M
$21.8M
Q2 24
$28.5M
Q1 24
$56.6M
Total Debt
GCL
GCL
TSQ
TSQ
Q4 25
$433.0M
Q3 25
$52.0M
$437.6M
Q2 25
$11.9M
$439.7M
Q1 25
$448.4M
Q4 24
$465.8M
Q3 24
$476.7M
Q2 24
$487.1M
Q1 24
$500.1M
Stockholders' Equity
GCL
GCL
TSQ
TSQ
Q4 25
$-41.0M
Q3 25
$33.1M
$-34.0M
Q2 25
$35.9M
$-27.1M
Q1 25
$-26.8M
Q4 24
$-28.4M
Q3 24
$15.9M
$-52.5M
Q2 24
$-64.1M
Q1 24
$1.8M
Total Assets
GCL
GCL
TSQ
TSQ
Q4 25
$528.6M
Q3 25
$159.9M
$539.2M
Q2 25
$101.6M
$545.7M
Q1 25
$544.5M
Q4 24
$580.4M
Q3 24
$49.6M
$565.4M
Q2 24
$579.6M
Q1 24
$636.7M
Debt / Equity
GCL
GCL
TSQ
TSQ
Q4 25
Q3 25
1.57×
Q2 25
0.33×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
271.80×

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
TSQ
TSQ
Operating Cash FlowLast quarter
$-4.8M
$12.6M
Free Cash FlowOCF − Capex
$-5.2M
$9.2M
FCF MarginFCF / Revenue
-5.3%
8.6%
Capex IntensityCapex / Revenue
0.4%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$15.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
TSQ
TSQ
Q4 25
$12.6M
Q3 25
$-4.8M
$7.9M
Q2 25
$-10.3M
$10.2M
Q1 25
$-66.0K
Q4 24
$28.2M
Q3 24
$6.1M
$9.9M
Q2 24
$9.0M
Q1 24
$1.7M
Free Cash Flow
GCL
GCL
TSQ
TSQ
Q4 25
$9.2M
Q3 25
$-5.2M
$4.3M
Q2 25
$-10.5M
$6.4M
Q1 25
$-4.5M
Q4 24
$24.5M
Q3 24
$4.8M
Q2 24
$4.8M
Q1 24
$-2.8M
FCF Margin
GCL
GCL
TSQ
TSQ
Q4 25
8.6%
Q3 25
-5.3%
4.1%
Q2 25
-7.4%
5.5%
Q1 25
-4.6%
Q4 24
20.8%
Q3 24
4.1%
Q2 24
4.0%
Q1 24
-2.8%
Capex Intensity
GCL
GCL
TSQ
TSQ
Q4 25
3.2%
Q3 25
0.4%
3.3%
Q2 25
0.1%
3.3%
Q1 25
4.5%
Q4 24
3.1%
Q3 24
4.4%
Q2 24
3.6%
Q1 24
4.4%
Cash Conversion
GCL
GCL
TSQ
TSQ
Q4 25
Q3 25
Q2 25
-1.84×
6.51×
Q1 25
Q4 24
1.15×
Q3 24
0.91×
Q2 24
Q1 24
1.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GCL
GCL

Segment breakdown not available.

TSQ
TSQ

Broadcast Advertising Segment$46.4M44%
Digital Advertising Segment$41.7M39%
Subscription Digital Marketing Solutions Segment$18.4M17%

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