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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $153.1M, roughly 1.2× CPI Card Group Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 4.8%, a 28.0% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $35.2M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 16.9%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
GCMG vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $153.1M |
| Net Profit | $58.2M | $7.3M |
| Gross Margin | — | 31.5% |
| Operating Margin | 30.9% | 12.0% |
| Net Margin | 32.8% | 4.8% |
| Revenue YoY | 7.2% | 22.3% |
| Net Profit YoY | 149.2% | 8.5% |
| EPS (diluted) | $0.23 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $135.0M | $138.0M | ||
| Q2 25 | $119.7M | $129.8M | ||
| Q1 25 | $125.8M | $122.8M | ||
| Q4 24 | $165.3M | $125.1M | ||
| Q3 24 | $122.9M | $124.8M | ||
| Q2 24 | $117.0M | $118.8M | ||
| Q1 24 | $108.9M | $111.9M |
| Q4 25 | $58.2M | $7.3M | ||
| Q3 25 | $10.5M | $2.3M | ||
| Q2 25 | $15.4M | $518.0K | ||
| Q1 25 | $463.0K | $4.8M | ||
| Q4 24 | $7.6M | $6.8M | ||
| Q3 24 | $4.2M | $1.3M | ||
| Q2 24 | $4.8M | $6.0M | ||
| Q1 24 | $2.1M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 29.7% | ||
| Q2 25 | — | 30.9% | ||
| Q1 25 | — | 33.2% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 37.1% |
| Q4 25 | 30.9% | 12.0% | ||
| Q3 25 | 32.7% | 9.4% | ||
| Q2 25 | 16.1% | 7.3% | ||
| Q1 25 | 12.2% | 11.5% | ||
| Q4 24 | 26.4% | 12.7% | ||
| Q3 24 | 20.3% | 14.3% | ||
| Q2 24 | 17.8% | 12.5% | ||
| Q1 24 | -14.7% | 12.6% |
| Q4 25 | 32.8% | 4.8% | ||
| Q3 25 | 7.8% | 1.7% | ||
| Q2 25 | 12.9% | 0.4% | ||
| Q1 25 | 0.4% | 3.9% | ||
| Q4 24 | 4.6% | 5.4% | ||
| Q3 24 | 3.4% | 1.0% | ||
| Q2 24 | 4.1% | 5.1% | ||
| Q1 24 | 2.0% | 4.9% |
| Q4 25 | $0.23 | $0.62 | ||
| Q3 25 | $0.16 | $0.19 | ||
| Q2 25 | $0.05 | $0.04 | ||
| Q1 25 | $-0.02 | $0.40 | ||
| Q4 24 | $0.09 | $0.56 | ||
| Q3 24 | $0.03 | $0.11 | ||
| Q2 24 | $0.04 | $0.51 | ||
| Q1 24 | $-0.13 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $428.4M | $286.7M |
| Stockholders' EquityBook value | $27.0M | $-17.3M |
| Total Assets | $813.8M | $403.2M |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $21.7M | ||
| Q3 25 | $182.7M | $16.0M | ||
| Q2 25 | $136.3M | $17.1M | ||
| Q1 25 | $94.5M | $31.5M | ||
| Q4 24 | $89.5M | $33.5M | ||
| Q3 24 | $98.4M | $14.7M | ||
| Q2 24 | $73.9M | $7.5M | ||
| Q1 24 | $41.9M | $17.1M |
| Q4 25 | $428.4M | $286.7M | ||
| Q3 25 | $429.3M | $308.4M | ||
| Q2 25 | $430.2M | $310.9M | ||
| Q1 25 | $431.1M | $280.7M | ||
| Q4 24 | $432.0M | $280.4M | ||
| Q3 24 | $432.9M | $280.2M | ||
| Q2 24 | $433.8M | $269.7M | ||
| Q1 24 | $384.0M | $265.3M |
| Q4 25 | $27.0M | $-17.3M | ||
| Q3 25 | $-7.4M | $-25.7M | ||
| Q2 25 | $-12.3M | $-29.0M | ||
| Q1 25 | $-28.3M | $-29.7M | ||
| Q4 24 | $-27.6M | $-35.6M | ||
| Q3 24 | $-31.9M | $-42.8M | ||
| Q2 24 | $-28.5M | $-44.6M | ||
| Q1 24 | $-26.4M | $-48.5M |
| Q4 25 | $813.8M | $403.2M | ||
| Q3 25 | $685.9M | $407.1M | ||
| Q2 25 | $636.9M | $399.8M | ||
| Q1 25 | $579.8M | $351.9M | ||
| Q4 24 | $612.7M | $349.7M | ||
| Q3 24 | $575.0M | $342.3M | ||
| Q2 24 | $543.9M | $321.4M | ||
| Q1 24 | $497.3M | $319.8M |
| Q4 25 | 15.87× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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 | $39.6M |
| Free Cash FlowOCF − Capex | $175.0M | $35.2M |
| FCF MarginFCF / Revenue | 98.8% | 23.0% |
| Capex IntensityCapex / Revenue | 4.8% | 2.9% |
| Cash ConversionOCF / Net Profit | 3.16× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $39.6M | ||
| Q3 25 | $79.8M | $10.0M | ||
| Q2 25 | $42.0M | $4.3M | ||
| Q1 25 | $33.3M | $5.6M | ||
| Q4 24 | $148.8M | $26.7M | ||
| Q3 24 | $69.0M | $12.5M | ||
| Q2 24 | $17.5M | $-4.8M | ||
| Q1 24 | $24.2M | $8.9M |
| Q4 25 | $175.0M | $35.2M | ||
| Q3 25 | $78.3M | $5.3M | ||
| Q2 25 | $40.8M | $533.0K | ||
| Q1 25 | $32.1M | $292.0K | ||
| Q4 24 | $132.0M | $21.6M | ||
| Q3 24 | $62.2M | $11.1M | ||
| Q2 24 | $12.8M | $-6.0M | ||
| Q1 24 | $20.0M | $7.4M |
| Q4 25 | 98.8% | 23.0% | ||
| Q3 25 | 58.0% | 3.8% | ||
| Q2 25 | 34.1% | 0.4% | ||
| Q1 25 | 25.5% | 0.2% | ||
| Q4 24 | 79.9% | 17.3% | ||
| Q3 24 | 50.6% | 8.9% | ||
| Q2 24 | 10.9% | -5.0% | ||
| Q1 24 | 18.4% | 6.6% |
| Q4 25 | 4.8% | 2.9% | ||
| Q3 25 | 1.1% | 3.4% | ||
| Q2 25 | 1.0% | 2.9% | ||
| Q1 25 | 0.9% | 4.3% | ||
| Q4 24 | 10.1% | 4.0% | ||
| Q3 24 | 5.5% | 1.2% | ||
| Q2 24 | 4.0% | 1.0% | ||
| Q1 24 | 3.9% | 1.3% |
| Q4 25 | 3.16× | 5.39× | ||
| Q3 25 | 7.61× | 4.32× | ||
| Q2 25 | 2.72× | 8.39× | ||
| Q1 25 | 71.84× | 1.17× | ||
| Q4 24 | 19.54× | 3.94× | ||
| Q3 24 | 16.60× | 9.70× | ||
| Q2 24 | 3.64× | -0.79× | ||
| Q1 24 | 11.40× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
