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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $134.3M, roughly 1.3× Mayville Engineering Company, Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -3.2%, a 36.1% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $10.2M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs -8.8%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
GCMG vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $134.3M |
| Net Profit | $58.2M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 30.9% | -4.1% |
| Net Margin | 32.8% | -3.2% |
| Revenue YoY | 7.2% | 10.7% |
| Net Profit YoY | 149.2% | -127.3% |
| EPS (diluted) | $0.23 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $135.0M | $144.3M | ||
| Q2 25 | $119.7M | $132.3M | ||
| Q1 25 | $125.8M | $135.6M | ||
| Q4 24 | $165.3M | $121.3M | ||
| Q3 24 | $122.9M | $135.4M | ||
| Q2 24 | $117.0M | $163.6M | ||
| Q1 24 | $108.9M | $161.3M |
| Q4 25 | $58.2M | $-4.4M | ||
| Q3 25 | $10.5M | $-2.7M | ||
| Q2 25 | $15.4M | $-1.1M | ||
| Q1 25 | $463.0K | $20.0K | ||
| Q4 24 | $7.6M | $16.0M | ||
| Q3 24 | $4.2M | $3.0M | ||
| Q2 24 | $4.8M | $3.8M | ||
| Q1 24 | $2.1M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | 30.9% | -4.1% | ||
| Q3 25 | 32.7% | 0.0% | ||
| Q2 25 | 16.1% | 0.1% | ||
| Q1 25 | 12.2% | 1.2% | ||
| Q4 24 | 26.4% | 19.0% | ||
| Q3 24 | 20.3% | 4.2% | ||
| Q2 24 | 17.8% | 5.0% | ||
| Q1 24 | -14.7% | 4.7% |
| Q4 25 | 32.8% | -3.2% | ||
| Q3 25 | 7.8% | -1.9% | ||
| Q2 25 | 12.9% | -0.8% | ||
| Q1 25 | 0.4% | 0.0% | ||
| Q4 24 | 4.6% | 13.2% | ||
| Q3 24 | 3.4% | 2.2% | ||
| Q2 24 | 4.1% | 2.3% | ||
| Q1 24 | 2.0% | 2.0% |
| Q4 25 | $0.23 | $-0.22 | ||
| Q3 25 | $0.16 | $-0.13 | ||
| Q2 25 | $0.05 | $-0.05 | ||
| Q1 25 | $-0.02 | $0.00 | ||
| Q4 24 | $0.09 | $0.76 | ||
| Q3 24 | $0.03 | $0.14 | ||
| Q2 24 | $0.04 | $0.18 | ||
| Q1 24 | $-0.13 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $27.0M | $240.7M |
| Total Assets | $813.8M | $563.6M |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $1.5M | ||
| Q3 25 | $182.7M | $1.2M | ||
| Q2 25 | $136.3M | $206.0K | ||
| Q1 25 | $94.5M | $183.0K | ||
| Q4 24 | $89.5M | $206.0K | ||
| Q3 24 | $98.4M | $178.0K | ||
| Q2 24 | $73.9M | $314.0K | ||
| Q1 24 | $41.9M | $314.0K |
| 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 | $240.7M | ||
| Q3 25 | $-7.4M | $244.8M | ||
| Q2 25 | $-12.3M | $246.8M | ||
| Q1 25 | $-28.3M | $250.0M | ||
| Q4 24 | $-27.6M | $251.8M | ||
| Q3 24 | $-31.9M | $238.4M | ||
| Q2 24 | $-28.5M | $238.1M | ||
| Q1 24 | $-26.4M | $234.0M |
| Q4 25 | $813.8M | $563.6M | ||
| Q3 25 | $685.9M | $585.6M | ||
| Q2 25 | $636.9M | $433.7M | ||
| Q1 25 | $579.8M | $447.7M | ||
| Q4 24 | $612.7M | $445.6M | ||
| Q3 24 | $575.0M | $466.0M | ||
| Q2 24 | $543.9M | $488.2M | ||
| Q1 24 | $497.3M | $499.9M |
| 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 | $13.4M |
| Free Cash FlowOCF − Capex | $175.0M | $10.2M |
| FCF MarginFCF / Revenue | 98.8% | 7.6% |
| Capex IntensityCapex / Revenue | 4.8% | 2.4% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $13.4M | ||
| Q3 25 | $79.8M | $1.9M | ||
| Q2 25 | $42.0M | $15.0M | ||
| Q1 25 | $33.3M | $8.3M | ||
| Q4 24 | $148.8M | $38.0M | ||
| Q3 24 | $69.0M | $17.9M | ||
| Q2 24 | $17.5M | $23.3M | ||
| Q1 24 | $24.2M | $10.6M |
| Q4 25 | $175.0M | $10.2M | ||
| Q3 25 | $78.3M | $-1.1M | ||
| Q2 25 | $40.8M | $12.5M | ||
| Q1 25 | $32.1M | $5.4M | ||
| Q4 24 | $132.0M | $35.6M | ||
| Q3 24 | $62.2M | $15.1M | ||
| Q2 24 | $12.8M | $19.2M | ||
| Q1 24 | $20.0M | $7.8M |
| Q4 25 | 98.8% | 7.6% | ||
| Q3 25 | 58.0% | -0.8% | ||
| Q2 25 | 34.1% | 9.5% | ||
| Q1 25 | 25.5% | 4.0% | ||
| Q4 24 | 79.9% | 29.4% | ||
| Q3 24 | 50.6% | 11.1% | ||
| Q2 24 | 10.9% | 11.7% | ||
| Q1 24 | 18.4% | 4.9% |
| Q4 25 | 4.8% | 2.4% | ||
| Q3 25 | 1.1% | 2.1% | ||
| Q2 25 | 1.0% | 1.8% | ||
| Q1 25 | 0.9% | 2.2% | ||
| Q4 24 | 10.1% | 1.9% | ||
| Q3 24 | 5.5% | 2.1% | ||
| Q2 24 | 4.0% | 2.5% | ||
| Q1 24 | 3.9% | 1.7% |
| Q4 25 | 3.16× | — | ||
| Q3 25 | 7.61× | — | ||
| Q2 25 | 2.72× | — | ||
| Q1 25 | 71.84× | 416.65× | ||
| Q4 24 | 19.54× | 2.38× | ||
| Q3 24 | 16.60× | 6.03× | ||
| Q2 24 | 3.64× | 6.15× | ||
| Q1 24 | 11.40× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
