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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $124.5M, roughly 1.4× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 32.8%, a 96.9% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 4.7%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $24.1M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 5.9%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
GCMG vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $124.5M |
| Net Profit | $58.2M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 30.9% | 6.5% |
| Net Margin | 32.8% | 129.7% |
| Revenue YoY | 7.2% | 4.7% |
| Net Profit YoY | 149.2% | 2827.7% |
| EPS (diluted) | $0.23 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $135.0M | $123.4M | ||
| Q2 25 | $119.7M | $119.8M | ||
| Q1 25 | $125.8M | $121.4M | ||
| Q4 24 | $165.3M | $118.9M | ||
| Q3 24 | $122.9M | $115.9M | ||
| Q2 24 | $117.0M | $111.2M | ||
| Q1 24 | $108.9M | $111.1M |
| Q4 25 | $58.2M | $161.6M | ||
| Q3 25 | $10.5M | $9.6M | ||
| Q2 25 | $15.4M | $-7.2M | ||
| Q1 25 | $463.0K | $-8.8M | ||
| Q4 24 | $7.6M | $-5.9M | ||
| Q3 24 | $4.2M | $-10.9M | ||
| Q2 24 | $4.8M | $-17.1M | ||
| Q1 24 | $2.1M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | 30.9% | 6.5% | ||
| Q3 25 | 32.7% | 2.9% | ||
| Q2 25 | 16.1% | -8.6% | ||
| Q1 25 | 12.2% | -9.6% | ||
| Q4 24 | 26.4% | -8.7% | ||
| Q3 24 | 20.3% | -13.8% | ||
| Q2 24 | 17.8% | -19.5% | ||
| Q1 24 | -14.7% | -30.1% |
| Q4 25 | 32.8% | 129.7% | ||
| Q3 25 | 7.8% | 7.8% | ||
| Q2 25 | 12.9% | -6.0% | ||
| Q1 25 | 0.4% | -7.2% | ||
| Q4 24 | 4.6% | -5.0% | ||
| Q3 24 | 3.4% | -9.4% | ||
| Q2 24 | 4.1% | -15.4% | ||
| Q1 24 | 2.0% | -25.3% |
| Q4 25 | $0.23 | $1.69 | ||
| Q3 25 | $0.16 | $0.10 | ||
| Q2 25 | $0.05 | $-0.07 | ||
| Q1 25 | $-0.02 | $-0.12 | ||
| Q4 24 | $0.09 | $-0.07 | ||
| Q3 24 | $0.03 | $-0.14 | ||
| Q2 24 | $0.04 | $-0.26 | ||
| Q1 24 | $-0.13 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $27.0M | $320.5M |
| Total Assets | $813.8M | $1.0B |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $547.8M | ||
| Q3 25 | $182.7M | $567.9M | ||
| Q2 25 | $136.3M | $597.1M | ||
| Q1 25 | $94.5M | $570.8M | ||
| Q4 24 | $89.5M | $542.2M | ||
| Q3 24 | $98.4M | $599.3M | ||
| Q2 24 | $73.9M | $592.8M | ||
| Q1 24 | $41.9M | $571.2M |
| Q4 25 | $428.4M | — | ||
| Q3 25 | $429.3M | — | ||
| Q2 25 | $430.2M | — | ||
| Q1 25 | $431.1M | $484.5M | ||
| Q4 24 | $432.0M | — | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | $489.5M |
| Q4 25 | $27.0M | $320.5M | ||
| Q3 25 | $-7.4M | $180.7M | ||
| Q2 25 | $-12.3M | $145.7M | ||
| Q1 25 | $-28.3M | $129.8M | ||
| Q4 24 | $-27.6M | $111.6M | ||
| Q3 24 | $-31.9M | $164.7M | ||
| Q2 24 | $-28.5M | $174.0M | ||
| Q1 24 | $-26.4M | $171.6M |
| Q4 25 | $813.8M | $1.0B | ||
| Q3 25 | $685.9M | $891.5M | ||
| Q2 25 | $636.9M | $926.8M | ||
| Q1 25 | $579.8M | $927.3M | ||
| Q4 24 | $612.7M | $866.8M | ||
| Q3 24 | $575.0M | $916.0M | ||
| Q2 24 | $543.9M | $924.0M | ||
| Q1 24 | $497.3M | $925.3M |
| Q4 25 | 15.87× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $175.0M | $24.1M |
| FCF MarginFCF / Revenue | 98.8% | 19.3% |
| Capex IntensityCapex / Revenue | 4.8% | 0.6% |
| Cash ConversionOCF / Net Profit | 3.16× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $24.8M | ||
| Q3 25 | $79.8M | $34.0M | ||
| Q2 25 | $42.0M | $30.7M | ||
| Q1 25 | $33.3M | $31.4M | ||
| Q4 24 | $148.8M | $22.1M | ||
| Q3 24 | $69.0M | $35.8M | ||
| Q2 24 | $17.5M | $28.6M | ||
| Q1 24 | $24.2M | $22.2M |
| Q4 25 | $175.0M | $24.1M | ||
| Q3 25 | $78.3M | $33.1M | ||
| Q2 25 | $40.8M | $30.2M | ||
| Q1 25 | $32.1M | $30.3M | ||
| Q4 24 | $132.0M | $21.5M | ||
| Q3 24 | $62.2M | $35.1M | ||
| Q2 24 | $12.8M | $28.2M | ||
| Q1 24 | $20.0M | $21.2M |
| Q4 25 | 98.8% | 19.3% | ||
| Q3 25 | 58.0% | 26.8% | ||
| Q2 25 | 34.1% | 25.2% | ||
| Q1 25 | 25.5% | 24.9% | ||
| Q4 24 | 79.9% | 18.1% | ||
| Q3 24 | 50.6% | 30.3% | ||
| Q2 24 | 10.9% | 25.4% | ||
| Q1 24 | 18.4% | 19.1% |
| Q4 25 | 4.8% | 0.6% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.0% | 0.4% | ||
| Q1 25 | 0.9% | 0.9% | ||
| Q4 24 | 10.1% | 0.5% | ||
| Q3 24 | 5.5% | 0.5% | ||
| Q2 24 | 4.0% | 0.4% | ||
| Q1 24 | 3.9% | 0.9% |
| Q4 25 | 3.16× | 0.15× | ||
| Q3 25 | 7.61× | 3.55× | ||
| Q2 25 | 2.72× | — | ||
| Q1 25 | 71.84× | — | ||
| Q4 24 | 19.54× | — | ||
| Q3 24 | 16.60× | — | ||
| Q2 24 | 3.64× | — | ||
| Q1 24 | 11.40× | — |
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
