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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $177.1M, roughly 1.0× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 7.0%, a 25.9% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $92.8M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 27.5%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
GCMG vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $184.5M |
| Net Profit | $58.2M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 30.9% | 10.5% |
| Net Margin | 32.8% | 7.0% |
| Revenue YoY | 7.2% | 28.6% |
| Net Profit YoY | 149.2% | 62.3% |
| EPS (diluted) | $0.23 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $135.0M | $162.1M | ||
| Q2 25 | $119.7M | $194.3M | ||
| Q1 25 | $125.8M | $115.1M | ||
| Q4 24 | $165.3M | $143.5M | ||
| Q3 24 | $122.9M | $129.4M | ||
| Q2 24 | $117.0M | $199.9M | ||
| Q1 24 | $108.9M | $95.7M |
| Q4 25 | $58.2M | $12.8M | ||
| Q3 25 | $10.5M | $8.0M | ||
| Q2 25 | $15.4M | $26.0M | ||
| Q1 25 | $463.0K | $148.0K | ||
| Q4 24 | $7.6M | $7.9M | ||
| Q3 24 | $4.2M | $32.3M | ||
| Q2 24 | $4.8M | $24.3M | ||
| Q1 24 | $2.1M | $-8.4M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | 30.9% | 10.5% | ||
| Q3 25 | 32.7% | 8.7% | ||
| Q2 25 | 16.1% | 19.0% | ||
| Q1 25 | 12.2% | 2.8% | ||
| Q4 24 | 26.4% | 9.0% | ||
| Q3 24 | 20.3% | 35.4% | ||
| Q2 24 | 17.8% | 18.2% | ||
| Q1 24 | -14.7% | -6.7% |
| Q4 25 | 32.8% | 7.0% | ||
| Q3 25 | 7.8% | 4.9% | ||
| Q2 25 | 12.9% | 13.4% | ||
| Q1 25 | 0.4% | 0.1% | ||
| Q4 24 | 4.6% | 5.5% | ||
| Q3 24 | 3.4% | 24.9% | ||
| Q2 24 | 4.1% | 12.2% | ||
| Q1 24 | 2.0% | -8.7% |
| Q4 25 | $0.23 | $0.54 | ||
| Q3 25 | $0.16 | $0.33 | ||
| Q2 25 | $0.05 | $1.09 | ||
| Q1 25 | $-0.02 | $0.00 | ||
| Q4 24 | $0.09 | $0.35 | ||
| Q3 24 | $0.03 | $1.36 | ||
| Q2 24 | $0.04 | $1.02 | ||
| Q1 24 | $-0.13 | $-0.37 |
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 | — |
| Total DebtLower is stronger | $428.4M | $144.0M |
| Stockholders' EquityBook value | $27.0M | $281.4M |
| Total Assets | $813.8M | $626.7M |
| Debt / EquityLower = less leverage | 15.87× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | — | ||
| Q3 25 | $182.7M | — | ||
| Q2 25 | $136.3M | — | ||
| Q1 25 | $94.5M | — | ||
| Q4 24 | $89.5M | — | ||
| Q3 24 | $98.4M | — | ||
| Q2 24 | $73.9M | — | ||
| Q1 24 | $41.9M | — |
| Q4 25 | $428.4M | $144.0M | ||
| Q3 25 | $429.3M | — | ||
| Q2 25 | $430.2M | — | ||
| Q1 25 | $431.1M | — | ||
| Q4 24 | $432.0M | $147.5M | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | $281.4M | ||
| Q3 25 | $-7.4M | $275.3M | ||
| Q2 25 | $-12.3M | $273.3M | ||
| Q1 25 | $-28.3M | $258.9M | ||
| Q4 24 | $-27.6M | $264.2M | ||
| Q3 24 | $-31.9M | $260.8M | ||
| Q2 24 | $-28.5M | $236.7M | ||
| Q1 24 | $-26.4M | $217.2M |
| Q4 25 | $813.8M | $626.7M | ||
| Q3 25 | $685.9M | $694.9M | ||
| Q2 25 | $636.9M | $671.5M | ||
| Q1 25 | $579.8M | $621.0M | ||
| Q4 24 | $612.7M | $590.0M | ||
| Q3 24 | $575.0M | $665.6M | ||
| Q2 24 | $543.9M | $617.0M | ||
| Q1 24 | $497.3M | $577.1M |
| Q4 25 | 15.87× | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | $95.9M |
| Free Cash FlowOCF − Capex | $175.0M | $92.8M |
| FCF MarginFCF / Revenue | 98.8% | 50.3% |
| Capex IntensityCapex / Revenue | 4.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 3.16× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $95.9M | ||
| Q3 25 | $79.8M | $-8.5M | ||
| Q2 25 | $42.0M | $-11.4M | ||
| Q1 25 | $33.3M | $-1.3M | ||
| Q4 24 | $148.8M | $74.4M | ||
| Q3 24 | $69.0M | $-14.2M | ||
| Q2 24 | $17.5M | $2.5M | ||
| Q1 24 | $24.2M | $-21.6M |
| Q4 25 | $175.0M | $92.8M | ||
| Q3 25 | $78.3M | $-11.4M | ||
| Q2 25 | $40.8M | $-14.3M | ||
| Q1 25 | $32.1M | $-3.5M | ||
| Q4 24 | $132.0M | $70.2M | ||
| Q3 24 | $62.2M | $-15.2M | ||
| Q2 24 | $12.8M | $836.0K | ||
| Q1 24 | $20.0M | $-22.4M |
| Q4 25 | 98.8% | 50.3% | ||
| Q3 25 | 58.0% | -7.1% | ||
| Q2 25 | 34.1% | -7.4% | ||
| Q1 25 | 25.5% | -3.0% | ||
| Q4 24 | 79.9% | 48.9% | ||
| Q3 24 | 50.6% | -11.8% | ||
| Q2 24 | 10.9% | 0.4% | ||
| Q1 24 | 18.4% | -23.4% |
| Q4 25 | 4.8% | 1.7% | ||
| Q3 25 | 1.1% | 1.8% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 10.1% | 2.9% | ||
| Q3 24 | 5.5% | 0.8% | ||
| Q2 24 | 4.0% | 0.8% | ||
| Q1 24 | 3.9% | 0.8% |
| Q4 25 | 3.16× | 7.47× | ||
| Q3 25 | 7.61× | -1.07× | ||
| Q2 25 | 2.72× | -0.44× | ||
| Q1 25 | 71.84× | -9.03× | ||
| Q4 24 | 19.54× | 9.41× | ||
| Q3 24 | 16.60× | -0.44× | ||
| Q2 24 | 3.64× | 0.10× | ||
| 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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
