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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 4.7%, a 28.1% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-2.2M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 12.0%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
GCMG vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $159.9M |
| Net Profit | $58.2M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 30.9% | 6.0% |
| Net Margin | 32.8% | 4.7% |
| Revenue YoY | 7.2% | 23.3% |
| Net Profit YoY | 149.2% | 602.4% |
| EPS (diluted) | $0.23 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $135.0M | $177.4M | ||
| Q2 25 | $119.7M | $179.9M | ||
| Q1 25 | $125.8M | $160.7M | ||
| Q4 24 | $165.3M | $129.7M | ||
| Q3 24 | $122.9M | $134.3M | ||
| Q2 24 | $117.0M | $145.8M | ||
| Q1 24 | $108.9M | $127.4M |
| Q4 25 | $58.2M | $7.6M | ||
| Q3 25 | $10.5M | $14.6M | ||
| Q2 25 | $15.4M | $15.2M | ||
| Q1 25 | $463.0K | $10.2M | ||
| Q4 24 | $7.6M | $1.1M | ||
| Q3 24 | $4.2M | $4.7M | ||
| Q2 24 | $4.8M | $6.6M | ||
| Q1 24 | $2.1M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 30.9% | 6.0% | ||
| Q3 25 | 32.7% | 10.8% | ||
| Q2 25 | 16.1% | 11.0% | ||
| Q1 25 | 12.2% | 8.3% | ||
| Q4 24 | 26.4% | 1.1% | ||
| Q3 24 | 20.3% | 4.5% | ||
| Q2 24 | 17.8% | 6.0% | ||
| Q1 24 | -14.7% | 7.0% |
| Q4 25 | 32.8% | 4.7% | ||
| Q3 25 | 7.8% | 8.2% | ||
| Q2 25 | 12.9% | 8.4% | ||
| Q1 25 | 0.4% | 6.4% | ||
| Q4 24 | 4.6% | 0.8% | ||
| Q3 24 | 3.4% | 3.5% | ||
| Q2 24 | 4.1% | 4.5% | ||
| Q1 24 | 2.0% | 5.4% |
| Q4 25 | $0.23 | $0.39 | ||
| Q3 25 | $0.16 | $0.74 | ||
| Q2 25 | $0.05 | $0.78 | ||
| Q1 25 | $-0.02 | $0.52 | ||
| Q4 24 | $0.09 | $0.06 | ||
| Q3 24 | $0.03 | $0.24 | ||
| Q2 24 | $0.04 | $0.34 | ||
| Q1 24 | $-0.13 | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $27.0M | $358.8M |
| Total Assets | $813.8M | $456.1M |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $15.6M | ||
| Q3 25 | $182.7M | $38.6M | ||
| Q2 25 | $136.3M | $53.7M | ||
| Q1 25 | $94.5M | $28.4M | ||
| Q4 24 | $89.5M | $36.0M | ||
| Q3 24 | $98.4M | $111.5M | ||
| Q2 24 | $73.9M | $97.7M | ||
| Q1 24 | $41.9M | $83.9M |
| Q4 25 | $428.4M | — | ||
| Q3 25 | $429.3M | — | ||
| Q2 25 | $430.2M | — | ||
| Q1 25 | $431.1M | — | ||
| Q4 24 | $432.0M | — | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | $358.8M | ||
| Q3 25 | $-7.4M | $371.5M | ||
| Q2 25 | $-12.3M | $356.2M | ||
| Q1 25 | $-28.3M | $341.4M | ||
| Q4 24 | $-27.6M | $331.6M | ||
| Q3 24 | $-31.9M | $350.9M | ||
| Q2 24 | $-28.5M | $346.0M | ||
| Q1 24 | $-26.4M | $340.6M |
| Q4 25 | $813.8M | $456.1M | ||
| Q3 25 | $685.9M | $462.6M | ||
| Q2 25 | $636.9M | $471.9M | ||
| Q1 25 | $579.8M | $421.9M | ||
| Q4 24 | $612.7M | $404.7M | ||
| Q3 24 | $575.0M | $422.6M | ||
| Q2 24 | $543.9M | $414.6M | ||
| Q1 24 | $497.3M | $397.2M |
| Q4 25 | 15.87× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $183.5M | $-701.0K |
| Free Cash FlowOCF − Capex | $175.0M | $-2.2M |
| FCF MarginFCF / Revenue | 98.8% | -1.4% |
| Capex IntensityCapex / Revenue | 4.8% | 0.9% |
| Cash ConversionOCF / Net Profit | 3.16× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $-701.0K | ||
| Q3 25 | $79.8M | $-17.0M | ||
| Q2 25 | $42.0M | $28.5M | ||
| Q1 25 | $33.3M | $-3.3M | ||
| Q4 24 | $148.8M | $19.0M | ||
| Q3 24 | $69.0M | $16.2M | ||
| Q2 24 | $17.5M | $18.8M | ||
| Q1 24 | $24.2M | $1.4M |
| Q4 25 | $175.0M | $-2.2M | ||
| Q3 25 | $78.3M | $-18.7M | ||
| Q2 25 | $40.8M | $26.9M | ||
| Q1 25 | $32.1M | $-5.5M | ||
| Q4 24 | $132.0M | $16.3M | ||
| Q3 24 | $62.2M | $14.5M | ||
| Q2 24 | $12.8M | $15.5M | ||
| Q1 24 | $20.0M | $-580.0K |
| Q4 25 | 98.8% | -1.4% | ||
| Q3 25 | 58.0% | -10.6% | ||
| Q2 25 | 34.1% | 15.0% | ||
| Q1 25 | 25.5% | -3.5% | ||
| Q4 24 | 79.9% | 12.6% | ||
| Q3 24 | 50.6% | 10.8% | ||
| Q2 24 | 10.9% | 10.7% | ||
| Q1 24 | 18.4% | -0.5% |
| Q4 25 | 4.8% | 0.9% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 0.9% | 1.4% | ||
| Q4 24 | 10.1% | 2.1% | ||
| Q3 24 | 5.5% | 1.3% | ||
| Q2 24 | 4.0% | 2.2% | ||
| Q1 24 | 3.9% | 1.5% |
| Q4 25 | 3.16× | -0.09× | ||
| Q3 25 | 7.61× | -1.17× | ||
| Q2 25 | 2.72× | 1.88× | ||
| Q1 25 | 71.84× | -0.32× | ||
| Q4 24 | 19.54× | 17.56× | ||
| Q3 24 | 16.60× | 3.48× | ||
| Q2 24 | 3.64× | 2.86× | ||
| Q1 24 | 11.40× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
