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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $177.1M, roughly 1.1× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 6.6%, a 26.3% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $27.9M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 25.3%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
GCMG vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $186.9M |
| Net Profit | $58.2M | $12.3M |
| Gross Margin | — | 25.7% |
| Operating Margin | 30.9% | 9.4% |
| Net Margin | 32.8% | 6.6% |
| Revenue YoY | 7.2% | 30.1% |
| Net Profit YoY | 149.2% | 25.0% |
| EPS (diluted) | $0.23 | $1.01 |
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 | $186.9M | ||
| Q3 25 | $135.0M | $184.6M | ||
| Q2 25 | $119.7M | $142.2M | ||
| Q1 25 | $125.8M | $133.1M | ||
| Q4 24 | $165.3M | $143.7M | ||
| Q3 24 | $122.9M | $133.9M | ||
| Q2 24 | $117.0M | $122.2M | ||
| Q1 24 | $108.9M | $119.0M |
| Q4 25 | $58.2M | $12.3M | ||
| Q3 25 | $10.5M | $8.8M | ||
| Q2 25 | $15.4M | $7.8M | ||
| Q1 25 | $463.0K | $10.2M | ||
| Q4 24 | $7.6M | $9.8M | ||
| Q3 24 | $4.2M | $7.5M | ||
| Q2 24 | $4.8M | $6.0M | ||
| Q1 24 | $2.1M | $7.6M |
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 30.9% | 9.4% | ||
| Q3 25 | 32.7% | 7.2% | ||
| Q2 25 | 16.1% | 7.5% | ||
| Q1 25 | 12.2% | 5.9% | ||
| Q4 24 | 26.4% | 9.1% | ||
| Q3 24 | 20.3% | 8.1% | ||
| Q2 24 | 17.8% | 6.7% | ||
| Q1 24 | -14.7% | 5.5% |
| Q4 25 | 32.8% | 6.6% | ||
| Q3 25 | 7.8% | 4.8% | ||
| Q2 25 | 12.9% | 5.5% | ||
| Q1 25 | 0.4% | 7.7% | ||
| Q4 24 | 4.6% | 6.9% | ||
| Q3 24 | 3.4% | 5.6% | ||
| Q2 24 | 4.1% | 4.9% | ||
| Q1 24 | 2.0% | 6.4% |
| Q4 25 | $0.23 | $1.01 | ||
| Q3 25 | $0.16 | $0.73 | ||
| Q2 25 | $0.05 | $0.64 | ||
| Q1 25 | $-0.02 | $0.85 | ||
| Q4 24 | $0.09 | $0.81 | ||
| Q3 24 | $0.03 | $0.62 | ||
| Q2 24 | $0.04 | $0.50 | ||
| Q1 24 | $-0.13 | $0.64 |
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 | $11.3M |
| Total DebtLower is stronger | $428.4M | $30.5M |
| Stockholders' EquityBook value | $27.0M | $195.7M |
| Total Assets | $813.8M | $381.1M |
| Debt / EquityLower = less leverage | 15.87× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $11.3M | ||
| Q3 25 | $182.7M | $9.8M | ||
| Q2 25 | $136.3M | $38.9M | ||
| Q1 25 | $94.5M | $38.1M | ||
| Q4 24 | $89.5M | $44.9M | ||
| Q3 24 | $98.4M | $51.2M | ||
| Q2 24 | $73.9M | $59.5M | ||
| Q1 24 | $41.9M | $48.2M |
| Q4 25 | $428.4M | $30.5M | ||
| Q3 25 | $429.3M | $56.3M | ||
| Q2 25 | $430.2M | $28.4M | ||
| Q1 25 | $431.1M | $23.7M | ||
| Q4 24 | $432.0M | $23.6M | ||
| Q3 24 | $432.9M | $20.5M | ||
| Q2 24 | $433.8M | $19.7M | ||
| Q1 24 | $384.0M | $19.4M |
| Q4 25 | $27.0M | $195.7M | ||
| Q3 25 | $-7.4M | $181.6M | ||
| Q2 25 | $-12.3M | $170.5M | ||
| Q1 25 | $-28.3M | $161.1M | ||
| Q4 24 | $-27.6M | $153.5M | ||
| Q3 24 | $-31.9M | $142.2M | ||
| Q2 24 | $-28.5M | $133.0M | ||
| Q1 24 | $-26.4M | $125.5M |
| Q4 25 | $813.8M | $381.1M | ||
| Q3 25 | $685.9M | $409.1M | ||
| Q2 25 | $636.9M | $343.0M | ||
| Q1 25 | $579.8M | $336.4M | ||
| Q4 24 | $612.7M | $352.1M | ||
| Q3 24 | $575.0M | $324.4M | ||
| Q2 24 | $543.9M | $303.9M | ||
| Q1 24 | $497.3M | $289.2M |
| Q4 25 | 15.87× | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $28.1M |
| Free Cash FlowOCF − Capex | $175.0M | $27.9M |
| FCF MarginFCF / Revenue | 98.8% | 14.9% |
| Capex IntensityCapex / Revenue | 4.8% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.16× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $28.1M | ||
| Q3 25 | $79.8M | $13.3M | ||
| Q2 25 | $42.0M | $2.0M | ||
| Q1 25 | $33.3M | $2.2M | ||
| Q4 24 | $148.8M | $19.3M | ||
| Q3 24 | $69.0M | $4.9M | ||
| Q2 24 | $17.5M | $16.5M | ||
| Q1 24 | $24.2M | $-3.9M |
| Q4 25 | $175.0M | $27.9M | ||
| Q3 25 | $78.3M | $12.8M | ||
| Q2 25 | $40.8M | $1.2M | ||
| Q1 25 | $32.1M | $11.0K | ||
| Q4 24 | $132.0M | $18.0M | ||
| Q3 24 | $62.2M | $4.6M | ||
| Q2 24 | $12.8M | $13.2M | ||
| Q1 24 | $20.0M | $-6.5M |
| Q4 25 | 98.8% | 14.9% | ||
| Q3 25 | 58.0% | 7.0% | ||
| Q2 25 | 34.1% | 0.8% | ||
| Q1 25 | 25.5% | 0.0% | ||
| Q4 24 | 79.9% | 12.5% | ||
| Q3 24 | 50.6% | 3.4% | ||
| Q2 24 | 10.9% | 10.8% | ||
| Q1 24 | 18.4% | -5.5% |
| Q4 25 | 4.8% | 0.1% | ||
| Q3 25 | 1.1% | 0.3% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 0.9% | 1.7% | ||
| Q4 24 | 10.1% | 0.9% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 4.0% | 2.7% | ||
| Q1 24 | 3.9% | 2.1% |
| Q4 25 | 3.16× | 2.29× | ||
| Q3 25 | 7.61× | 1.52× | ||
| Q2 25 | 2.72× | 0.26× | ||
| Q1 25 | 71.84× | 0.22× | ||
| Q4 24 | 19.54× | 1.96× | ||
| Q3 24 | 16.60× | 0.66× | ||
| Q2 24 | 3.64× | 2.77× | ||
| Q1 24 | 11.40× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
