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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $121.1M, roughly 1.5× Porch Group, Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -3.9%, a 36.7% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 7.2%). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 26.4%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
GCMG vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $121.1M |
| Net Profit | $58.2M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | 30.9% | 34.7% |
| Net Margin | 32.8% | -3.9% |
| Revenue YoY | 7.2% | 100.0% |
| Net Profit YoY | 149.2% | 2.0% |
| EPS (diluted) | $0.23 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $177.1M | $112.3M | ||
| Q3 25 | $135.0M | $115.1M | ||
| Q2 25 | $119.7M | $107.0M | ||
| Q1 25 | $125.8M | $84.5M | ||
| Q4 24 | $165.3M | $75.3M | ||
| Q3 24 | $122.9M | $77.7M | ||
| Q2 24 | $117.0M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $58.2M | $-3.5M | ||
| Q3 25 | $10.5M | $-10.9M | ||
| Q2 25 | $15.4M | $2.6M | ||
| Q1 25 | $463.0K | $8.4M | ||
| Q4 24 | $7.6M | $30.5M | ||
| Q3 24 | $4.2M | $14.4M | ||
| Q2 24 | $4.8M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 30.9% | 14.7% | ||
| Q3 25 | 32.7% | 14.2% | ||
| Q2 25 | 16.1% | 4.7% | ||
| Q1 25 | 12.2% | -1.5% | ||
| Q4 24 | 26.4% | 33.3% | ||
| Q3 24 | 20.3% | -3.2% | ||
| Q2 24 | 17.8% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 32.8% | -3.1% | ||
| Q3 25 | 7.8% | -9.4% | ||
| Q2 25 | 12.9% | 2.4% | ||
| Q1 25 | 0.4% | 9.9% | ||
| Q4 24 | 4.6% | 40.5% | ||
| Q3 24 | 3.4% | 18.5% | ||
| Q2 24 | 4.1% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.23 | $0.00 | ||
| Q3 25 | $0.16 | $-0.10 | ||
| Q2 25 | $0.05 | $0.00 | ||
| Q1 25 | $-0.02 | $0.07 | ||
| Q4 24 | $0.09 | $0.34 | ||
| Q3 24 | $0.03 | $0.12 | ||
| Q2 24 | $0.04 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | $428.4M | $391.3M |
| Stockholders' EquityBook value | $27.0M | $26.3M |
| Total Assets | $813.8M | $806.6M |
| Debt / EquityLower = less leverage | 15.87× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $242.1M | $57.3M | ||
| Q3 25 | $182.7M | $85.0M | ||
| Q2 25 | $136.3M | $79.8M | ||
| Q1 25 | $94.5M | $70.4M | ||
| Q4 24 | $89.5M | $191.7M | ||
| Q3 24 | $98.4M | $238.6M | ||
| Q2 24 | $73.9M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $428.4M | $392.8M | ||
| Q3 25 | $429.3M | $387.1M | ||
| Q2 25 | $430.2M | $394.1M | ||
| Q1 25 | $431.1M | $409.2M | ||
| Q4 24 | $432.0M | $403.9M | ||
| Q3 24 | $432.9M | $399.0M | ||
| Q2 24 | $433.8M | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $27.0M | $-24.6M | ||
| Q3 25 | $-7.4M | $-27.9M | ||
| Q2 25 | $-12.3M | $-29.3M | ||
| Q1 25 | $-28.3M | $-52.4M | ||
| Q4 24 | $-27.6M | $-43.2M | ||
| Q3 24 | $-31.9M | $-77.0M | ||
| Q2 24 | $-28.5M | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $813.8M | $797.4M | ||
| Q3 25 | $685.9M | $787.7M | ||
| Q2 25 | $636.9M | $770.7M | ||
| Q1 25 | $579.8M | $802.3M | ||
| Q4 24 | $612.7M | $814.0M | ||
| Q3 24 | $575.0M | $867.3M | ||
| Q2 24 | $543.9M | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | 15.87× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $175.0M | — |
| FCF MarginFCF / Revenue | 98.8% | — |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.5M | $1.2M | ||
| Q3 25 | $79.8M | $40.8M | ||
| Q2 25 | $42.0M | $35.6M | ||
| Q1 25 | $33.3M | $-11.2M | ||
| Q4 24 | $148.8M | $-26.6M | ||
| Q3 24 | $69.0M | $12.4M | ||
| Q2 24 | $17.5M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $175.0M | $1.1M | ||
| Q3 25 | $78.3M | $40.7M | ||
| Q2 25 | $40.8M | $35.4M | ||
| Q1 25 | $32.1M | $-11.2M | ||
| Q4 24 | $132.0M | $-26.8M | ||
| Q3 24 | $62.2M | $12.2M | ||
| Q2 24 | $12.8M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 98.8% | 1.0% | ||
| Q3 25 | 58.0% | 35.4% | ||
| Q2 25 | 34.1% | 33.0% | ||
| Q1 25 | 25.5% | -13.3% | ||
| Q4 24 | 79.9% | -35.6% | ||
| Q3 24 | 50.6% | 15.7% | ||
| Q2 24 | 10.9% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 0.1% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.0% | 0.2% | ||
| Q1 25 | 0.9% | 0.1% | ||
| Q4 24 | 10.1% | 0.3% | ||
| Q3 24 | 5.5% | 0.3% | ||
| Q2 24 | 4.0% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.16× | — | ||
| Q3 25 | 7.61× | — | ||
| Q2 25 | 2.72× | 13.79× | ||
| Q1 25 | 71.84× | -1.33× | ||
| Q4 24 | 19.54× | -0.87× | ||
| Q3 24 | 16.60× | 0.86× | ||
| Q2 24 | 3.64× | — |
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% |
PRCH
Segment breakdown not available.
