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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and IMAX CORP (IMAX). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $125.2M, roughly 1.4× IMAX CORP). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 0.5%, a 32.3% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $28.0M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 25.8%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
GCMG vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $125.2M |
| Net Profit | $58.2M | $637.0K |
| Gross Margin | — | 57.6% |
| Operating Margin | 30.9% | 19.3% |
| Net Margin | 32.8% | 0.5% |
| Revenue YoY | 7.2% | 35.1% |
| Net Profit YoY | 149.2% | -88.0% |
| EPS (diluted) | $0.23 | $0.02 |
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 | $125.2M | ||
| Q3 25 | $135.0M | $106.7M | ||
| Q2 25 | $119.7M | $91.7M | ||
| Q1 25 | $125.8M | $86.7M | ||
| Q4 24 | $165.3M | $92.7M | ||
| Q3 24 | $122.9M | $91.5M | ||
| Q2 24 | $117.0M | $89.0M | ||
| Q1 24 | $108.9M | $79.1M |
| Q4 25 | $58.2M | $637.0K | ||
| Q3 25 | $10.5M | $20.7M | ||
| Q2 25 | $15.4M | $11.3M | ||
| Q1 25 | $463.0K | $2.3M | ||
| Q4 24 | $7.6M | $5.3M | ||
| Q3 24 | $4.2M | $13.9M | ||
| Q2 24 | $4.8M | $3.6M | ||
| Q1 24 | $2.1M | $3.3M |
| Q4 25 | — | 57.6% | ||
| Q3 25 | — | 63.1% | ||
| Q2 25 | — | 58.5% | ||
| Q1 25 | — | 61.4% | ||
| Q4 24 | — | 52.2% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 59.3% |
| Q4 25 | 30.9% | 19.3% | ||
| Q3 25 | 32.7% | 27.2% | ||
| Q2 25 | 16.1% | 15.6% | ||
| Q1 25 | 12.2% | 19.3% | ||
| Q4 24 | 26.4% | 10.3% | ||
| Q3 24 | 20.3% | 21.2% | ||
| Q2 24 | 17.8% | 3.2% | ||
| Q1 24 | -14.7% | 15.3% |
| Q4 25 | 32.8% | 0.5% | ||
| Q3 25 | 7.8% | 19.4% | ||
| Q2 25 | 12.9% | 12.3% | ||
| Q1 25 | 0.4% | 2.7% | ||
| Q4 24 | 4.6% | 5.7% | ||
| Q3 24 | 3.4% | 15.2% | ||
| Q2 24 | 4.1% | 4.0% | ||
| Q1 24 | 2.0% | 4.1% |
| Q4 25 | $0.23 | $0.02 | ||
| Q3 25 | $0.16 | $0.37 | ||
| Q2 25 | $0.05 | $0.20 | ||
| Q1 25 | $-0.02 | $0.04 | ||
| Q4 24 | $0.09 | $0.09 | ||
| Q3 24 | $0.03 | $0.26 | ||
| Q2 24 | $0.04 | $0.07 | ||
| Q1 24 | $-0.13 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $27.0M | $337.9M |
| Total Assets | $813.8M | $894.0M |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $151.2M | ||
| Q3 25 | $182.7M | $143.1M | ||
| Q2 25 | $136.3M | $109.3M | ||
| Q1 25 | $94.5M | $97.1M | ||
| Q4 24 | $89.5M | $100.6M | ||
| Q3 24 | $98.4M | $104.5M | ||
| Q2 24 | $73.9M | $91.6M | ||
| Q1 24 | $41.9M | $81.0M |
| 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 | $337.9M | ||
| Q3 25 | $-7.4M | $349.5M | ||
| Q2 25 | $-12.3M | $320.4M | ||
| Q1 25 | $-28.3M | $299.5M | ||
| Q4 24 | $-27.6M | $299.5M | ||
| Q3 24 | $-31.9M | $289.4M | ||
| Q2 24 | $-28.5M | $267.2M | ||
| Q1 24 | $-26.4M | $258.8M |
| Q4 25 | $813.8M | $894.0M | ||
| Q3 25 | $685.9M | $889.6M | ||
| Q2 25 | $636.9M | $868.6M | ||
| Q1 25 | $579.8M | $848.3M | ||
| Q4 24 | $612.7M | $830.4M | ||
| Q3 24 | $575.0M | $847.6M | ||
| Q2 24 | $543.9M | $827.4M | ||
| Q1 24 | $497.3M | $824.1M |
| 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 | $29.4M |
| Free Cash FlowOCF − Capex | $175.0M | $28.0M |
| FCF MarginFCF / Revenue | 98.8% | 22.3% |
| Capex IntensityCapex / Revenue | 4.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 3.16× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $29.4M | ||
| Q3 25 | $79.8M | $67.5M | ||
| Q2 25 | $42.0M | $23.2M | ||
| Q1 25 | $33.3M | $7.0M | ||
| Q4 24 | $148.8M | $11.5M | ||
| Q3 24 | $69.0M | $35.3M | ||
| Q2 24 | $17.5M | $35.0M | ||
| Q1 24 | $24.2M | $-11.0M |
| Q4 25 | $175.0M | $28.0M | ||
| Q3 25 | $78.3M | $64.8M | ||
| Q2 25 | $40.8M | $20.9M | ||
| Q1 25 | $32.1M | $5.3M | ||
| Q4 24 | $132.0M | $6.9M | ||
| Q3 24 | $62.2M | $34.2M | ||
| Q2 24 | $12.8M | $33.5M | ||
| Q1 24 | $20.0M | $-12.1M |
| Q4 25 | 98.8% | 22.3% | ||
| Q3 25 | 58.0% | 60.7% | ||
| Q2 25 | 34.1% | 22.8% | ||
| Q1 25 | 25.5% | 6.1% | ||
| Q4 24 | 79.9% | 7.4% | ||
| Q3 24 | 50.6% | 37.3% | ||
| Q2 24 | 10.9% | 37.6% | ||
| Q1 24 | 18.4% | -15.3% |
| Q4 25 | 4.8% | 1.1% | ||
| Q3 25 | 1.1% | 2.6% | ||
| Q2 25 | 1.0% | 2.6% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 10.1% | 5.0% | ||
| Q3 24 | 5.5% | 1.2% | ||
| Q2 24 | 4.0% | 1.8% | ||
| Q1 24 | 3.9% | 1.4% |
| Q4 25 | 3.16× | 46.11× | ||
| Q3 25 | 7.61× | 3.27× | ||
| Q2 25 | 2.72× | 2.06× | ||
| Q1 25 | 71.84× | 2.99× | ||
| Q4 24 | 19.54× | 2.16× | ||
| Q3 24 | 16.60× | 2.54× | ||
| Q2 24 | 3.64× | 9.78× | ||
| Q1 24 | 11.40× | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
