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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $177.1M, roughly 1.0× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 2.1%, a 30.8% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 5.1%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $26.0M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs -0.8%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
GCMG vs MG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $181.5M |
| Net Profit | $58.2M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | 30.9% | 7.0% |
| Net Margin | 32.8% | 2.1% |
| Revenue YoY | 7.2% | 5.1% |
| Net Profit YoY | 149.2% | -27.4% |
| EPS (diluted) | $0.23 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $135.0M | $195.5M | ||
| Q2 25 | $119.7M | $185.4M | ||
| Q1 25 | $125.8M | $161.6M | ||
| Q4 24 | $165.3M | $172.7M | ||
| Q3 24 | $122.9M | $182.7M | ||
| Q2 24 | $117.0M | $189.8M | ||
| Q1 24 | $108.9M | $184.4M |
| Q4 25 | $58.2M | $3.8M | ||
| Q3 25 | $10.5M | $13.1M | ||
| Q2 25 | $15.4M | $3.0M | ||
| Q1 25 | $463.0K | $-3.2M | ||
| Q4 24 | $7.6M | $5.2M | ||
| Q3 24 | $4.2M | $6.4M | ||
| Q2 24 | $4.8M | $6.4M | ||
| Q1 24 | $2.1M | $995.0K |
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 25.0% |
| Q4 25 | 30.9% | 7.0% | ||
| Q3 25 | 32.7% | 10.4% | ||
| Q2 25 | 16.1% | 4.5% | ||
| Q1 25 | 12.2% | -0.6% | ||
| Q4 24 | 26.4% | 6.1% | ||
| Q3 24 | 20.3% | 6.5% | ||
| Q2 24 | 17.8% | 6.3% | ||
| Q1 24 | -14.7% | 3.0% |
| Q4 25 | 32.8% | 2.1% | ||
| Q3 25 | 7.8% | 6.7% | ||
| Q2 25 | 12.9% | 1.6% | ||
| Q1 25 | 0.4% | -2.0% | ||
| Q4 24 | 4.6% | 3.0% | ||
| Q3 24 | 3.4% | 3.5% | ||
| Q2 24 | 4.1% | 3.4% | ||
| Q1 24 | 2.0% | 0.5% |
| Q4 25 | $0.23 | $0.12 | ||
| Q3 25 | $0.16 | $0.41 | ||
| Q2 25 | $0.05 | $0.10 | ||
| Q1 25 | $-0.02 | $-0.10 | ||
| Q4 24 | $0.09 | $0.17 | ||
| Q3 24 | $0.03 | $0.20 | ||
| Q2 24 | $0.04 | $0.20 | ||
| Q1 24 | $-0.13 | $0.03 |
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 | $28.0M |
| Total DebtLower is stronger | $428.4M | $178.0M |
| Stockholders' EquityBook value | $27.0M | $235.1M |
| Total Assets | $813.8M | $578.8M |
| Debt / EquityLower = less leverage | 15.87× | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $28.0M | ||
| Q3 25 | $182.7M | $27.8M | ||
| Q2 25 | $136.3M | $20.0M | ||
| Q1 25 | $94.5M | $18.5M | ||
| Q4 24 | $89.5M | $18.3M | ||
| Q3 24 | $98.4M | $20.4M | ||
| Q2 24 | $73.9M | $17.2M | ||
| Q1 24 | $41.9M | $16.9M |
| Q4 25 | $428.4M | $178.0M | ||
| Q3 25 | $429.3M | $202.3M | ||
| Q2 25 | $430.2M | $189.4M | ||
| Q1 25 | $431.1M | $171.9M | ||
| Q4 24 | $432.0M | $169.6M | ||
| Q3 24 | $432.9M | $189.7M | ||
| Q2 24 | $433.8M | $199.7M | ||
| Q1 24 | $384.0M | $198.4M |
| Q4 25 | $27.0M | $235.1M | ||
| Q3 25 | $-7.4M | $227.4M | ||
| Q2 25 | $-12.3M | $215.8M | ||
| Q1 25 | $-28.3M | $198.7M | ||
| Q4 24 | $-27.6M | $198.6M | ||
| Q3 24 | $-31.9M | $205.2M | ||
| Q2 24 | $-28.5M | $193.2M | ||
| Q1 24 | $-26.4M | $187.1M |
| Q4 25 | $813.8M | $578.8M | ||
| Q3 25 | $685.9M | $596.3M | ||
| Q2 25 | $636.9M | $571.0M | ||
| Q1 25 | $579.8M | $526.8M | ||
| Q4 24 | $612.7M | $523.0M | ||
| Q3 24 | $575.0M | $551.7M | ||
| Q2 24 | $543.9M | $548.1M | ||
| Q1 24 | $497.3M | $542.1M |
| Q4 25 | 15.87× | 0.76× | ||
| Q3 25 | — | 0.89× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.06× |
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 | $32.1M |
| Free Cash FlowOCF − Capex | $175.0M | $26.0M |
| FCF MarginFCF / Revenue | 98.8% | 14.3% |
| Capex IntensityCapex / Revenue | 4.8% | 3.4% |
| Cash ConversionOCF / Net Profit | 3.16× | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $32.1M | ||
| Q3 25 | $79.8M | $4.5M | ||
| Q2 25 | $42.0M | $-9.3M | ||
| Q1 25 | $33.3M | $5.6M | ||
| Q4 24 | $148.8M | $25.7M | ||
| Q3 24 | $69.0M | $19.4M | ||
| Q2 24 | $17.5M | $4.5M | ||
| Q1 24 | $24.2M | $604.0K |
| Q4 25 | $175.0M | $26.0M | ||
| Q3 25 | $78.3M | $-4.1M | ||
| Q2 25 | $40.8M | $-14.7M | ||
| Q1 25 | $32.1M | $1.1M | ||
| Q4 24 | $132.0M | $22.1M | ||
| Q3 24 | $62.2M | $14.6M | ||
| Q2 24 | $12.8M | $-284.0K | ||
| Q1 24 | $20.0M | $-4.2M |
| Q4 25 | 98.8% | 14.3% | ||
| Q3 25 | 58.0% | -2.1% | ||
| Q2 25 | 34.1% | -7.9% | ||
| Q1 25 | 25.5% | 0.7% | ||
| Q4 24 | 79.9% | 12.8% | ||
| Q3 24 | 50.6% | 8.0% | ||
| Q2 24 | 10.9% | -0.1% | ||
| Q1 24 | 18.4% | -2.3% |
| Q4 25 | 4.8% | 3.4% | ||
| Q3 25 | 1.1% | 4.4% | ||
| Q2 25 | 1.0% | 2.9% | ||
| Q1 25 | 0.9% | 2.8% | ||
| Q4 24 | 10.1% | 2.1% | ||
| Q3 24 | 5.5% | 2.6% | ||
| Q2 24 | 4.0% | 2.5% | ||
| Q1 24 | 3.9% | 2.6% |
| Q4 25 | 3.16× | 8.55× | ||
| Q3 25 | 7.61× | 0.34× | ||
| Q2 25 | 2.72× | -3.07× | ||
| Q1 25 | 71.84× | — | ||
| Q4 24 | 19.54× | 4.96× | ||
| Q3 24 | 16.60× | 3.02× | ||
| Q2 24 | 3.64× | 0.71× | ||
| Q1 24 | 11.40× | 0.61× |
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% |
MG
Segment breakdown not available.
