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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $120.3M, roughly 1.5× Phreesia, Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 3.5%, a 29.3% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $12.2M).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
GCMG vs PHR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $120.3M |
| Net Profit | $58.2M | $4.3M |
| Gross Margin | — | — |
| Operating Margin | 30.9% | 3.1% |
| Net Margin | 32.8% | 3.5% |
| Revenue YoY | 7.2% | 12.7% |
| Net Profit YoY | 149.2% | 129.7% |
| EPS (diluted) | $0.23 | $0.07 |
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 | $120.3M | ||
| Q3 25 | $135.0M | $117.3M | ||
| Q2 25 | $119.7M | $115.9M | ||
| Q1 25 | $125.8M | — | ||
| Q4 24 | $165.3M | — | ||
| Q3 24 | $122.9M | — | ||
| Q2 24 | $117.0M | — | ||
| Q1 24 | $108.9M | — |
| Q4 25 | $58.2M | $4.3M | ||
| Q3 25 | $10.5M | $654.0K | ||
| Q2 25 | $15.4M | $-3.9M | ||
| Q1 25 | $463.0K | — | ||
| Q4 24 | $7.6M | — | ||
| Q3 24 | $4.2M | — | ||
| Q2 24 | $4.8M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | 30.9% | 3.1% | ||
| Q3 25 | 32.7% | -1.3% | ||
| Q2 25 | 16.1% | -2.8% | ||
| Q1 25 | 12.2% | — | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 17.8% | — | ||
| Q1 24 | -14.7% | — |
| Q4 25 | 32.8% | 3.5% | ||
| Q3 25 | 7.8% | 0.6% | ||
| Q2 25 | 12.9% | -3.4% | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | $0.23 | $0.07 | ||
| Q3 25 | $0.16 | $0.01 | ||
| Q2 25 | $0.05 | $-0.07 | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.03 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $-0.13 | — |
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 | $106.4M |
| Total DebtLower is stronger | $428.4M | $3.4M |
| Stockholders' EquityBook value | $27.0M | $320.3M |
| Total Assets | $813.8M | $423.5M |
| Debt / EquityLower = less leverage | 15.87× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $106.4M | ||
| Q3 25 | $182.7M | $98.3M | ||
| Q2 25 | $136.3M | $90.9M | ||
| Q1 25 | $94.5M | — | ||
| Q4 24 | $89.5M | — | ||
| Q3 24 | $98.4M | — | ||
| Q2 24 | $73.9M | — | ||
| Q1 24 | $41.9M | — |
| Q4 25 | $428.4M | $3.4M | ||
| Q3 25 | $429.3M | $4.6M | ||
| Q2 25 | $430.2M | $6.2M | ||
| Q1 25 | $431.1M | — | ||
| Q4 24 | $432.0M | — | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | $320.3M | ||
| Q3 25 | $-7.4M | $298.0M | ||
| Q2 25 | $-12.3M | $282.2M | ||
| Q1 25 | $-28.3M | — | ||
| Q4 24 | $-27.6M | — | ||
| Q3 24 | $-31.9M | — | ||
| Q2 24 | $-28.5M | — | ||
| Q1 24 | $-26.4M | — |
| Q4 25 | $813.8M | $423.5M | ||
| Q3 25 | $685.9M | $408.6M | ||
| Q2 25 | $636.9M | $400.4M | ||
| Q1 25 | $579.8M | — | ||
| Q4 24 | $612.7M | — | ||
| Q3 24 | $575.0M | — | ||
| Q2 24 | $543.9M | — | ||
| Q1 24 | $497.3M | — |
| Q4 25 | 15.87× | 0.01× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.02× | ||
| 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 | $15.5M |
| Free Cash FlowOCF − Capex | $175.0M | $12.2M |
| FCF MarginFCF / Revenue | 98.8% | 10.1% |
| Capex IntensityCapex / Revenue | 4.8% | 2.7% |
| Cash ConversionOCF / Net Profit | 3.16× | 3.62× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $15.5M | ||
| Q3 25 | $79.8M | $14.8M | ||
| Q2 25 | $42.0M | $14.8M | ||
| Q1 25 | $33.3M | — | ||
| Q4 24 | $148.8M | — | ||
| Q3 24 | $69.0M | — | ||
| Q2 24 | $17.5M | — | ||
| Q1 24 | $24.2M | — |
| Q4 25 | $175.0M | $12.2M | ||
| Q3 25 | $78.3M | $13.1M | ||
| Q2 25 | $40.8M | $11.3M | ||
| Q1 25 | $32.1M | — | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $62.2M | — | ||
| Q2 24 | $12.8M | — | ||
| Q1 24 | $20.0M | — |
| Q4 25 | 98.8% | 10.1% | ||
| Q3 25 | 58.0% | 11.1% | ||
| Q2 25 | 34.1% | 9.8% | ||
| Q1 25 | 25.5% | — | ||
| Q4 24 | 79.9% | — | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | 18.4% | — |
| Q4 25 | 4.8% | 2.7% | ||
| Q3 25 | 1.1% | 1.5% | ||
| Q2 25 | 1.0% | 3.0% | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 3.9% | — |
| Q4 25 | 3.16× | 3.62× | ||
| Q3 25 | 7.61× | 22.68× | ||
| 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% |
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
