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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $121.0M, roughly 1.5× Ramaco Resources, Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -11.0%, a 43.8% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs -27.7%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-17.5M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs -22.7%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
GCMG vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $121.0M |
| Net Profit | $58.2M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 30.9% | -12.0% |
| Net Margin | 32.8% | -11.0% |
| Revenue YoY | 7.2% | -27.7% |
| Net Profit YoY | 149.2% | -5468.2% |
| EPS (diluted) | $0.23 | — |
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 | — | ||
| Q3 25 | $135.0M | $121.0M | ||
| Q2 25 | $119.7M | $153.0M | ||
| Q1 25 | $125.8M | $134.7M | ||
| Q4 24 | $165.3M | $170.9M | ||
| Q3 24 | $122.9M | $167.4M | ||
| Q2 24 | $117.0M | $155.3M | ||
| Q1 24 | $108.9M | $172.7M |
| Q4 25 | $58.2M | — | ||
| Q3 25 | $10.5M | $-13.3M | ||
| Q2 25 | $15.4M | $-14.0M | ||
| Q1 25 | $463.0K | $-9.5M | ||
| Q4 24 | $7.6M | $3.9M | ||
| Q3 24 | $4.2M | $-239.0K | ||
| Q2 24 | $4.8M | $5.5M | ||
| Q1 24 | $2.1M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 30.9% | — | ||
| Q3 25 | 32.7% | -12.0% | ||
| Q2 25 | 16.1% | -9.1% | ||
| Q1 25 | 12.2% | -8.9% | ||
| Q4 24 | 26.4% | 3.7% | ||
| Q3 24 | 20.3% | 1.0% | ||
| Q2 24 | 17.8% | 3.5% | ||
| Q1 24 | -14.7% | 1.9% |
| Q4 25 | 32.8% | — | ||
| Q3 25 | 7.8% | -11.0% | ||
| Q2 25 | 12.9% | -9.1% | ||
| Q1 25 | 0.4% | -7.0% | ||
| Q4 24 | 4.6% | 2.3% | ||
| Q3 24 | 3.4% | -0.1% | ||
| Q2 24 | 4.1% | 3.6% | ||
| Q1 24 | 2.0% | 1.2% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.16 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $0.09 | $0.06 | ||
| Q3 24 | $0.03 | $-0.03 | ||
| Q2 24 | $0.04 | $0.08 | ||
| Q1 24 | $-0.13 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | $428.4M | $116.3M |
| Stockholders' EquityBook value | $27.0M | $526.9M |
| Total Assets | $813.8M | $849.7M |
| Debt / EquityLower = less leverage | 15.87× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | — | ||
| Q3 25 | $182.7M | $193.8M | ||
| Q2 25 | $136.3M | $28.1M | ||
| Q1 25 | $94.5M | $43.5M | ||
| Q4 24 | $89.5M | $33.0M | ||
| Q3 24 | $98.4M | $22.9M | ||
| Q2 24 | $73.9M | $27.6M | ||
| Q1 24 | $41.9M | $30.5M |
| Q4 25 | $428.4M | — | ||
| Q3 25 | $429.3M | $116.3M | ||
| Q2 25 | $430.2M | — | ||
| Q1 25 | $431.1M | — | ||
| Q4 24 | $432.0M | $88.2M | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | — | ||
| Q3 25 | $-7.4M | $526.9M | ||
| Q2 25 | $-12.3M | $347.4M | ||
| Q1 25 | $-28.3M | $355.2M | ||
| Q4 24 | $-27.6M | $362.8M | ||
| Q3 24 | $-31.9M | $361.8M | ||
| Q2 24 | $-28.5M | $366.1M | ||
| Q1 24 | $-26.4M | $372.3M |
| Q4 25 | $813.8M | — | ||
| Q3 25 | $685.9M | $849.7M | ||
| Q2 25 | $636.9M | $674.6M | ||
| Q1 25 | $579.8M | $685.7M | ||
| Q4 24 | $612.7M | $674.7M | ||
| Q3 24 | $575.0M | $645.4M | ||
| Q2 24 | $543.9M | $659.2M | ||
| Q1 24 | $497.3M | $674.0M |
| Q4 25 | 15.87× | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| 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 | $-1.4M |
| Free Cash FlowOCF − Capex | $175.0M | $-17.5M |
| FCF MarginFCF / Revenue | 98.8% | -14.5% |
| Capex IntensityCapex / Revenue | 4.8% | 13.3% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | — | ||
| Q3 25 | $79.8M | $-1.4M | ||
| Q2 25 | $42.0M | $-4.3M | ||
| Q1 25 | $33.3M | $26.0M | ||
| Q4 24 | $148.8M | $15.7M | ||
| Q3 24 | $69.0M | $37.4M | ||
| Q2 24 | $17.5M | $34.4M | ||
| Q1 24 | $24.2M | $25.2M |
| Q4 25 | $175.0M | — | ||
| Q3 25 | $78.3M | $-17.5M | ||
| Q2 25 | $40.8M | $-19.8M | ||
| Q1 25 | $32.1M | $7.6M | ||
| Q4 24 | $132.0M | $5.1M | ||
| Q3 24 | $62.2M | $25.6M | ||
| Q2 24 | $12.8M | $20.3M | ||
| Q1 24 | $20.0M | $6.5M |
| Q4 25 | 98.8% | — | ||
| Q3 25 | 58.0% | -14.5% | ||
| Q2 25 | 34.1% | -13.0% | ||
| Q1 25 | 25.5% | 5.6% | ||
| Q4 24 | 79.9% | 3.0% | ||
| Q3 24 | 50.6% | 15.3% | ||
| Q2 24 | 10.9% | 13.1% | ||
| Q1 24 | 18.4% | 3.7% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 1.1% | 13.3% | ||
| Q2 25 | 1.0% | 10.2% | ||
| Q1 25 | 0.9% | 13.7% | ||
| Q4 24 | 10.1% | 6.2% | ||
| Q3 24 | 5.5% | 7.0% | ||
| Q2 24 | 4.0% | 9.1% | ||
| Q1 24 | 3.9% | 10.8% |
| Q4 25 | 3.16× | — | ||
| Q3 25 | 7.61× | — | ||
| Q2 25 | 2.72× | — | ||
| Q1 25 | 71.84× | — | ||
| Q4 24 | 19.54× | 4.06× | ||
| Q3 24 | 16.60× | — | ||
| Q2 24 | 3.64× | 6.21× | ||
| Q1 24 | 11.40× | 12.40× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
