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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and WASHINGTON TRUST BANCORP INC (WASH). 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 $57.8M, roughly 1.7× WASHINGTON TRUST BANCORP INC). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -5.2%, a 27.0% gap on every dollar of revenue.

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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

GCL vs WASH — Head-to-Head

Bigger by revenue
GCL
GCL
1.7× larger
GCL
$98.7M
$57.8M
WASH
Higher net margin
WASH
WASH
27.0% more per $
WASH
21.8%
-5.2%
GCL

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GCL
GCL
WASH
WASH
Revenue
$98.7M
$57.8M
Net Profit
$-5.1M
$12.6M
Gross Margin
11.0%
Operating Margin
-6.7%
Net Margin
-5.2%
21.8%
Revenue YoY
Net Profit YoY
3.5%
EPS (diluted)
$-0.04
$0.66

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
WASH
WASH
Q1 26
$57.8M
Q4 25
$59.3M
Q3 25
$98.7M
$56.5M
Q2 25
$142.1M
$54.3M
Q1 25
$59.1M
Q4 24
$12.4M
Q3 24
$36.1M
$48.5M
Q2 24
$48.2M
Net Profit
GCL
GCL
WASH
WASH
Q1 26
$12.6M
Q4 25
$16.0M
Q3 25
$-5.1M
$10.8M
Q2 25
$5.6M
$13.2M
Q1 25
$12.2M
Q4 24
$-60.8M
Q3 24
$-1.9M
$11.0M
Q2 24
$10.8M
Gross Margin
GCL
GCL
WASH
WASH
Q1 26
Q4 25
Q3 25
11.0%
Q2 25
15.0%
Q1 25
Q4 24
Q3 24
16.2%
Q2 24
Operating Margin
GCL
GCL
WASH
WASH
Q1 26
Q4 25
34.9%
Q3 25
-6.7%
24.7%
Q2 25
2.3%
31.6%
Q1 25
26.5%
Q4 24
-648.7%
Q3 24
-5.6%
28.5%
Q2 24
28.7%
Net Margin
GCL
GCL
WASH
WASH
Q1 26
21.8%
Q4 25
27.0%
Q3 25
-5.2%
19.2%
Q2 25
3.9%
24.4%
Q1 25
20.6%
Q4 24
-491.4%
Q3 24
-5.2%
22.6%
Q2 24
22.4%
EPS (diluted)
GCL
GCL
WASH
WASH
Q1 26
$0.66
Q4 25
$0.84
Q3 25
$-0.04
$0.56
Q2 25
$0.05
$0.68
Q1 25
$0.63
Q4 24
$-3.54
Q3 24
$0.64
Q2 24
$0.63

Balance Sheet & Financial Strength

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

Metric
GCL
GCL
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$16.6M
$12.3M
Total DebtLower is stronger
$52.0M
Stockholders' EquityBook value
$33.1M
$546.8M
Total Assets
$159.9M
$6.5B
Debt / EquityLower = less leverage
1.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCL
GCL
WASH
WASH
Q1 26
$12.3M
Q4 25
Q3 25
$16.6M
Q2 25
$18.2M
Q1 25
Q4 24
Q3 24
$2.7M
Q2 24
Total Debt
GCL
GCL
WASH
WASH
Q1 26
Q4 25
Q3 25
$52.0M
Q2 25
$11.9M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
GCL
GCL
WASH
WASH
Q1 26
$546.8M
Q4 25
$543.6M
Q3 25
$33.1M
$533.0M
Q2 25
$35.9M
$527.5M
Q1 25
$521.7M
Q4 24
$499.7M
Q3 24
$15.9M
$502.2M
Q2 24
$471.0M
Total Assets
GCL
GCL
WASH
WASH
Q1 26
$6.5B
Q4 25
$6.6B
Q3 25
$159.9M
$6.7B
Q2 25
$101.6M
$6.7B
Q1 25
$6.6B
Q4 24
$6.9B
Q3 24
$49.6M
$7.1B
Q2 24
$7.2B
Debt / Equity
GCL
GCL
WASH
WASH
Q1 26
Q4 25
Q3 25
1.57×
Q2 25
0.33×
Q1 25
Q4 24
Q3 24
Q2 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
WASH
WASH
Operating Cash FlowLast quarter
$-4.8M
Free Cash FlowOCF − Capex
$-5.2M
FCF MarginFCF / Revenue
-5.3%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCL
GCL
WASH
WASH
Q1 26
Q4 25
$80.3M
Q3 25
$-4.8M
$39.6M
Q2 25
$-10.3M
$11.3M
Q1 25
$8.4M
Q4 24
$57.7M
Q3 24
$6.1M
$25.7M
Q2 24
$11.2M
Free Cash Flow
GCL
GCL
WASH
WASH
Q1 26
Q4 25
$78.3M
Q3 25
$-5.2M
$39.3M
Q2 25
$-10.5M
$10.9M
Q1 25
$8.4M
Q4 24
$53.7M
Q3 24
$24.4M
Q2 24
$9.6M
FCF Margin
GCL
GCL
WASH
WASH
Q1 26
Q4 25
132.2%
Q3 25
-5.3%
69.6%
Q2 25
-7.4%
20.2%
Q1 25
14.2%
Q4 24
433.8%
Q3 24
50.4%
Q2 24
19.8%
Capex Intensity
GCL
GCL
WASH
WASH
Q1 26
Q4 25
3.4%
Q3 25
0.4%
0.6%
Q2 25
0.1%
0.7%
Q1 25
0.1%
Q4 24
32.3%
Q3 24
2.6%
Q2 24
3.4%
Cash Conversion
GCL
GCL
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
3.65×
Q2 25
-1.84×
0.86×
Q1 25
0.69×
Q4 24
Q3 24
2.34×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GCL
GCL

Segment breakdown not available.

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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