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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and VIEMED HEALTHCARE, INC. (VMD). 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 $76.2M, roughly 1.3× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -5.2%, a 12.6% gap on every dollar of revenue. VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M 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.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

GCL vs VMD — Head-to-Head

Bigger by revenue
GCL
GCL
1.3× larger
GCL
$98.7M
$76.2M
VMD
Higher net margin
VMD
VMD
12.6% more per $
VMD
7.4%
-5.2%
GCL
More free cash flow
VMD
VMD
$14.9M more FCF
VMD
$9.7M
$-5.2M
GCL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GCL
GCL
VMD
VMD
Revenue
$98.7M
$76.2M
Net Profit
$-5.1M
$5.6M
Gross Margin
11.0%
57.9%
Operating Margin
-6.7%
11.0%
Net Margin
-5.2%
7.4%
Revenue YoY
25.5%
Net Profit YoY
30.7%
EPS (diluted)
$-0.04
$0.14

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
VMD
VMD
Q4 25
$76.2M
Q3 25
$98.7M
$71.9M
Q2 25
$142.1M
$63.1M
Q1 25
$59.1M
Q4 24
$60.7M
Q3 24
$36.1M
$58.0M
Q2 24
$55.0M
Q1 24
$50.6M
Net Profit
GCL
GCL
VMD
VMD
Q4 25
$5.6M
Q3 25
$-5.1M
$3.5M
Q2 25
$5.6M
$3.2M
Q1 25
$2.6M
Q4 24
$4.3M
Q3 24
$-1.9M
$3.9M
Q2 24
$1.5M
Q1 24
$1.6M
Gross Margin
GCL
GCL
VMD
VMD
Q4 25
57.9%
Q3 25
11.0%
57.5%
Q2 25
15.0%
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
16.2%
59.3%
Q2 24
59.8%
Q1 24
58.9%
Operating Margin
GCL
GCL
VMD
VMD
Q4 25
11.0%
Q3 25
-6.7%
7.8%
Q2 25
2.3%
8.1%
Q1 25
6.5%
Q4 24
10.6%
Q3 24
-5.6%
9.7%
Q2 24
6.6%
Q1 24
4.4%
Net Margin
GCL
GCL
VMD
VMD
Q4 25
7.4%
Q3 25
-5.2%
4.9%
Q2 25
3.9%
5.0%
Q1 25
4.4%
Q4 24
7.1%
Q3 24
-5.2%
6.7%
Q2 24
2.7%
Q1 24
3.2%
EPS (diluted)
GCL
GCL
VMD
VMD
Q4 25
$0.14
Q3 25
$-0.04
$0.09
Q2 25
$0.05
$0.08
Q1 25
$0.06
Q4 24
$0.10
Q3 24
$0.10
Q2 24
$0.04
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$16.6M
$13.5M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$33.1M
$141.5M
Total Assets
$159.9M
$199.2M
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
VMD
VMD
Q4 25
$13.5M
Q3 25
$16.6M
$11.1M
Q2 25
$18.2M
$20.0M
Q1 25
$10.2M
Q4 24
$17.5M
Q3 24
$2.7M
$11.3M
Q2 24
$8.8M
Q1 24
$7.3M
Total Debt
GCL
GCL
VMD
VMD
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GCL
GCL
VMD
VMD
Q4 25
$141.5M
Q3 25
$33.1M
$133.6M
Q2 25
$35.9M
$139.7M
Q1 25
$134.8M
Q4 24
$131.4M
Q3 24
$15.9M
$125.0M
Q2 24
$119.4M
Q1 24
$116.3M
Total Assets
GCL
GCL
VMD
VMD
Q4 25
$199.2M
Q3 25
$159.9M
$202.4M
Q2 25
$101.6M
$184.6M
Q1 25
$178.1M
Q4 24
$177.1M
Q3 24
$49.6M
$169.5M
Q2 24
$163.9M
Q1 24
$154.9M
Debt / Equity
GCL
GCL
VMD
VMD
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
VMD
VMD
Operating Cash FlowLast quarter
$-4.8M
$18.4M
Free Cash FlowOCF − Capex
$-5.2M
$9.7M
FCF MarginFCF / Revenue
-5.3%
12.7%
Capex IntensityCapex / Revenue
0.4%
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
VMD
VMD
Q4 25
$18.4M
Q3 25
$-4.8M
$18.4M
Q2 25
$-10.3M
$12.3M
Q1 25
$2.9M
Q4 24
$15.0M
Q3 24
$6.1M
$12.7M
Q2 24
$10.2M
Q1 24
$1.2M
Free Cash Flow
GCL
GCL
VMD
VMD
Q4 25
$9.7M
Q3 25
$-5.2M
$10.7M
Q2 25
$-10.5M
$4.1M
Q1 25
$-12.6M
Q4 24
$3.2M
Q3 24
$1.7M
Q2 24
$1.2M
Q1 24
$-4.8M
FCF Margin
GCL
GCL
VMD
VMD
Q4 25
12.7%
Q3 25
-5.3%
14.9%
Q2 25
-7.4%
6.5%
Q1 25
-21.4%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
2.3%
Q1 24
-9.5%
Capex Intensity
GCL
GCL
VMD
VMD
Q4 25
11.5%
Q3 25
0.4%
10.6%
Q2 25
0.1%
12.9%
Q1 25
26.2%
Q4 24
19.5%
Q3 24
19.0%
Q2 24
16.3%
Q1 24
11.9%
Cash Conversion
GCL
GCL
VMD
VMD
Q4 25
3.27×
Q3 25
5.23×
Q2 25
-1.84×
3.88×
Q1 25
1.09×
Q4 24
3.47×
Q3 24
3.29×
Q2 24
6.94×
Q1 24
0.73×

Financial Flow Comparison

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

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