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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $177.1M, roughly 1.8× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -259.7%, a 292.5% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs -7.0%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-134.8M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs -26.8%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
GCMG vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $326.2M |
| Net Profit | $58.2M | $-847.1M |
| Gross Margin | — | 35.5% |
| Operating Margin | 30.9% | -193.0% |
| Net Margin | 32.8% | -259.7% |
| Revenue YoY | 7.2% | -7.0% |
| Net Profit YoY | 149.2% | -277.4% |
| EPS (diluted) | $0.23 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $135.0M | $240.3M | ||
| Q2 25 | $119.7M | $228.1M | ||
| Q1 25 | $125.8M | $384.9M | ||
| Q4 24 | $165.3M | $350.7M | ||
| Q3 24 | $122.9M | $446.0M | ||
| Q2 24 | $117.0M | $291.2M | ||
| Q1 24 | $108.9M | $609.5M |
| Q4 25 | $58.2M | $-847.1M | ||
| Q3 25 | $10.5M | $-263.0M | ||
| Q2 25 | $15.4M | $-546.5M | ||
| Q1 25 | $463.0K | $-175.4M | ||
| Q4 24 | $7.6M | $-224.4M | ||
| Q3 24 | $4.2M | $9.3M | ||
| Q2 24 | $4.8M | $-88.9M | ||
| Q1 24 | $2.1M | $54.1M |
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | 30.9% | -193.0% | ||
| Q3 25 | 32.7% | -37.4% | ||
| Q2 25 | 16.1% | -170.3% | ||
| Q1 25 | 12.2% | -3.3% | ||
| Q4 24 | 26.4% | 65.0% | ||
| Q3 24 | 20.3% | 17.8% | ||
| Q2 24 | 17.8% | 12.3% | ||
| Q1 24 | -14.7% | 30.4% |
| Q4 25 | 32.8% | -259.7% | ||
| Q3 25 | 7.8% | -109.4% | ||
| Q2 25 | 12.9% | -239.6% | ||
| Q1 25 | 0.4% | -45.6% | ||
| Q4 24 | 4.6% | -64.0% | ||
| Q3 24 | 3.4% | 2.1% | ||
| Q2 24 | 4.1% | -30.5% | ||
| Q1 24 | 2.0% | 8.9% |
| Q4 25 | $0.23 | $-3.03 | ||
| Q3 25 | $0.16 | $-0.96 | ||
| Q2 25 | $0.05 | $-1.99 | ||
| Q1 25 | $-0.02 | $-0.65 | ||
| Q4 24 | $0.09 | $-1.10 | ||
| Q3 24 | $0.03 | $0.03 | ||
| Q2 24 | $0.04 | $-0.42 | ||
| Q1 24 | $-0.13 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $428.4M | $8.2B |
| Stockholders' EquityBook value | $27.0M | $182.6M |
| Total Assets | $813.8M | $10.6B |
| Debt / EquityLower = less leverage | 15.87× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $226.5M | ||
| Q3 25 | $182.7M | $145.2M | ||
| Q2 25 | $136.3M | $551.1M | ||
| Q1 25 | $94.5M | $447.9M | ||
| Q4 24 | $89.5M | $492.9M | ||
| Q3 24 | $98.4M | $90.8M | ||
| Q2 24 | $73.9M | $133.0M | ||
| Q1 24 | $41.9M | $143.5M |
| Q4 25 | $428.4M | $8.2B | ||
| Q3 25 | $429.3M | — | ||
| Q2 25 | $430.2M | — | ||
| Q1 25 | $431.1M | — | ||
| Q4 24 | $432.0M | $8.9B | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | $182.6M | ||
| Q3 25 | $-7.4M | $1.1B | ||
| Q2 25 | $-12.3M | $1.3B | ||
| Q1 25 | $-28.3M | $1.8B | ||
| Q4 24 | $-27.6M | $1.9B | ||
| Q3 24 | $-31.9M | $1.6B | ||
| Q2 24 | $-28.5M | $1.6B | ||
| Q1 24 | $-26.4M | $1.7B |
| Q4 25 | $813.8M | $10.6B | ||
| Q3 25 | $685.9M | $12.0B | ||
| Q2 25 | $636.9M | $12.0B | ||
| Q1 25 | $579.8M | $13.1B | ||
| Q4 24 | $612.7M | $12.9B | ||
| Q3 24 | $575.0M | $12.0B | ||
| Q2 24 | $543.9M | $11.4B | ||
| Q1 24 | $497.3M | $10.9B |
| Q4 25 | 15.87× | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| 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 | $-76.2M |
| Free Cash FlowOCF − Capex | $175.0M | $-134.8M |
| FCF MarginFCF / Revenue | 98.8% | -41.3% |
| Capex IntensityCapex / Revenue | 4.8% | 18.0% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $-76.2M | ||
| Q3 25 | $79.8M | $-171.0M | ||
| Q2 25 | $42.0M | $-329.0M | ||
| Q1 25 | $33.3M | $-7.2M | ||
| Q4 24 | $148.8M | $445.3M | ||
| Q3 24 | $69.0M | $-20.0M | ||
| Q2 24 | $17.5M | $113.9M | ||
| Q1 24 | $24.2M | $63.0M |
| Q4 25 | $175.0M | $-134.8M | ||
| Q3 25 | $78.3M | $-231.6M | ||
| Q2 25 | $40.8M | $-726.7M | ||
| Q1 25 | $32.1M | $-262.3M | ||
| Q4 24 | $132.0M | $-210.3M | ||
| Q3 24 | $62.2M | $-367.0M | ||
| Q2 24 | $12.8M | $-493.2M | ||
| Q1 24 | $20.0M | $-457.9M |
| Q4 25 | 98.8% | -41.3% | ||
| Q3 25 | 58.0% | -96.4% | ||
| Q2 25 | 34.1% | -318.6% | ||
| Q1 25 | 25.5% | -68.2% | ||
| Q4 24 | 79.9% | -60.0% | ||
| Q3 24 | 50.6% | -82.3% | ||
| Q2 24 | 10.9% | -169.3% | ||
| Q1 24 | 18.4% | -75.1% |
| Q4 25 | 4.8% | 18.0% | ||
| Q3 25 | 1.1% | 25.2% | ||
| Q2 25 | 1.0% | 174.4% | ||
| Q1 25 | 0.9% | 66.3% | ||
| Q4 24 | 10.1% | 187.0% | ||
| Q3 24 | 5.5% | 77.8% | ||
| Q2 24 | 4.0% | 208.4% | ||
| Q1 24 | 3.9% | 85.5% |
| Q4 25 | 3.16× | — | ||
| Q3 25 | 7.61× | — | ||
| Q2 25 | 2.72× | — | ||
| Q1 25 | 71.84× | — | ||
| Q4 24 | 19.54× | — | ||
| Q3 24 | 16.60× | -2.15× | ||
| Q2 24 | 3.64× | — | ||
| Q1 24 | 11.40× | 1.16× |
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% |
NFE
Segment breakdown not available.
