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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $177.1M, roughly 1.5× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 0.7%, a 32.1% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs -16.5%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $3.4M).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
HUTCHMED (China) LtdHCMEarnings & Financial Report
HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.
GCMG vs HCM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $270.8M |
| Net Profit | $58.2M | $2.0M |
| Gross Margin | — | 37.7% |
| Operating Margin | 30.9% | -13.2% |
| Net Margin | 32.8% | 0.7% |
| Revenue YoY | 7.2% | -16.5% |
| Net Profit YoY | 149.2% | -83.6% |
| EPS (diluted) | $0.23 | $0.00 |
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 | $177.1M | $270.8M | ||
| Q3 25 | $135.0M | — | ||
| Q2 25 | $119.7M | $277.7M | ||
| Q1 25 | $125.8M | $324.5M | ||
| Q4 24 | $165.3M | — | ||
| Q3 24 | $122.9M | — | ||
| Q2 24 | $117.0M | $305.7M | ||
| Q1 24 | $108.9M | — |
| Q4 25 | $58.2M | $2.0M | ||
| Q3 25 | $10.5M | — | ||
| Q2 25 | $15.4M | $455.0M | ||
| Q1 25 | $463.0K | $11.9M | ||
| Q4 24 | $7.6M | — | ||
| Q3 24 | $4.2M | — | ||
| Q2 24 | $4.8M | $25.8M | ||
| Q1 24 | $2.1M | — |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 41.1% | ||
| Q1 24 | — | — |
| Q4 25 | 30.9% | -13.2% | ||
| Q3 25 | 32.7% | — | ||
| Q2 25 | 16.1% | -1.3% | ||
| Q1 25 | 12.2% | -5.0% | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 17.8% | -9.0% | ||
| Q1 24 | -14.7% | — |
| Q4 25 | 32.8% | 0.7% | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 12.9% | 163.8% | ||
| Q1 25 | 0.4% | 3.7% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.1% | 8.4% | ||
| Q1 24 | 2.0% | — |
| Q4 25 | $0.23 | $0.00 | ||
| Q3 25 | $0.16 | — | ||
| Q2 25 | $0.05 | $0.52 | ||
| Q1 25 | $-0.02 | $0.01 | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $0.04 | $0.03 | ||
| Q1 24 | $-0.13 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $242.1M | $1.4B |
| Total DebtLower is stronger | $428.4M | $93.2M |
| Stockholders' EquityBook value | $27.0M | $1.2B |
| Total Assets | $813.8M | $1.8B |
| Debt / EquityLower = less leverage | 15.87× | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $1.4B | ||
| Q3 25 | $182.7M | — | ||
| Q2 25 | $136.3M | $1.4B | ||
| Q1 25 | $94.5M | $836.1M | ||
| Q4 24 | $89.5M | — | ||
| Q3 24 | $98.4M | — | ||
| Q2 24 | $73.9M | $802.5M | ||
| Q1 24 | $41.9M | — |
| Q4 25 | $428.4M | $93.2M | ||
| Q3 25 | $429.3M | — | ||
| Q2 25 | $430.2M | $93.4M | ||
| Q1 25 | $431.1M | $82.8M | ||
| Q4 24 | $432.0M | — | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | $82.1M | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | $1.2B | ||
| Q3 25 | $-7.4M | — | ||
| Q2 25 | $-12.3M | $1.2B | ||
| Q1 25 | $-28.3M | $759.9M | ||
| Q4 24 | $-27.6M | — | ||
| Q3 24 | $-31.9M | — | ||
| Q2 24 | $-28.5M | $740.1M | ||
| Q1 24 | $-26.4M | — |
| Q4 25 | $813.8M | $1.8B | ||
| Q3 25 | $685.9M | — | ||
| Q2 25 | $636.9M | $1.8B | ||
| Q1 25 | $579.8M | $1.3B | ||
| Q4 24 | $612.7M | — | ||
| Q3 24 | $575.0M | — | ||
| Q2 24 | $543.9M | $1.3B | ||
| Q1 24 | $497.3M | — |
| Q4 25 | 15.87× | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.11× | ||
| 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 | $183.5M | $8.2M |
| Free Cash FlowOCF − Capex | $175.0M | $3.4M |
| FCF MarginFCF / Revenue | 98.8% | 1.2% |
| Capex IntensityCapex / Revenue | 4.8% | 1.8% |
| Cash ConversionOCF / Net Profit | 3.16× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $-96.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $8.2M | ||
| Q3 25 | $79.8M | — | ||
| Q2 25 | $42.0M | $-72.9M | ||
| Q1 25 | $33.3M | $40.3M | ||
| Q4 24 | $148.8M | — | ||
| Q3 24 | $69.0M | — | ||
| Q2 24 | $17.5M | $-39.8M | ||
| Q1 24 | $24.2M | — |
| Q4 25 | $175.0M | $3.4M | ||
| Q3 25 | $78.3M | — | ||
| Q2 25 | $40.8M | $-82.2M | ||
| Q1 25 | $32.1M | $32.5M | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $62.2M | — | ||
| Q2 24 | $12.8M | $-49.9M | ||
| Q1 24 | $20.0M | — |
| Q4 25 | 98.8% | 1.2% | ||
| Q3 25 | 58.0% | — | ||
| Q2 25 | 34.1% | -29.6% | ||
| Q1 25 | 25.5% | 10.0% | ||
| Q4 24 | 79.9% | — | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 10.9% | -16.3% | ||
| Q1 24 | 18.4% | — |
| Q4 25 | 4.8% | 1.8% | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | 3.3% | ||
| Q1 25 | 0.9% | 2.4% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 4.0% | 3.3% | ||
| Q1 24 | 3.9% | — |
| Q4 25 | 3.16× | 4.21× | ||
| Q3 25 | 7.61× | — | ||
| Q2 25 | 2.72× | -0.16× | ||
| Q1 25 | 71.84× | 3.38× | ||
| Q4 24 | 19.54× | — | ||
| Q3 24 | 16.60× | — | ||
| Q2 24 | 3.64× | -1.54× | ||
| Q1 24 | 11.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
HCM
Segment breakdown not available.
