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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $140.7M, roughly 1.3× Purple Innovation, Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -2.3%, a 35.1% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-7.8M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 8.3%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
GCMG vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $140.7M |
| Net Profit | $58.2M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 30.9% | -1.6% |
| Net Margin | 32.8% | -2.3% |
| Revenue YoY | 7.2% | 9.1% |
| Net Profit YoY | 149.2% | 62.1% |
| EPS (diluted) | $0.23 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $135.0M | $118.8M | ||
| Q2 25 | $119.7M | $105.1M | ||
| Q1 25 | $125.8M | $104.2M | ||
| Q4 24 | $165.3M | $129.0M | ||
| Q3 24 | $122.9M | $118.6M | ||
| Q2 24 | $117.0M | $120.3M | ||
| Q1 24 | $108.9M | $120.0M |
| Q4 25 | $58.2M | $-3.2M | ||
| Q3 25 | $10.5M | $-11.7M | ||
| Q2 25 | $15.4M | $-17.3M | ||
| Q1 25 | $463.0K | $-19.1M | ||
| Q4 24 | $7.6M | $-8.5M | ||
| Q3 24 | $4.2M | $-39.2M | ||
| Q2 24 | $4.8M | $27.0K | ||
| Q1 24 | $2.1M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 30.9% | -1.6% | ||
| Q3 25 | 32.7% | -10.2% | ||
| Q2 25 | 16.1% | -13.5% | ||
| Q1 25 | 12.2% | -13.9% | ||
| Q4 24 | 26.4% | -6.0% | ||
| Q3 24 | 20.3% | -39.5% | ||
| Q2 24 | 17.8% | -12.1% | ||
| Q1 24 | -14.7% | -19.3% |
| Q4 25 | 32.8% | -2.3% | ||
| Q3 25 | 7.8% | -9.9% | ||
| Q2 25 | 12.9% | -16.5% | ||
| Q1 25 | 0.4% | -18.4% | ||
| Q4 24 | 4.6% | -6.6% | ||
| Q3 24 | 3.4% | -33.1% | ||
| Q2 24 | 4.1% | 0.0% | ||
| Q1 24 | 2.0% | -41.8% |
| Q4 25 | $0.23 | $0.03 | ||
| Q3 25 | $0.16 | $0.11 | ||
| Q2 25 | $0.05 | $0.16 | ||
| Q1 25 | $-0.02 | $0.18 | ||
| Q4 24 | $0.09 | $0.08 | ||
| Q3 24 | $0.03 | $0.36 | ||
| Q2 24 | $0.04 | $0.00 | ||
| Q1 24 | $-0.13 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $428.4M | $126.7M |
| Stockholders' EquityBook value | $27.0M | $-29.7M |
| Total Assets | $813.8M | $296.3M |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $24.3M | ||
| Q3 25 | $182.7M | $32.4M | ||
| Q2 25 | $136.3M | $34.2M | ||
| Q1 25 | $94.5M | $21.6M | ||
| Q4 24 | $89.5M | $29.0M | ||
| Q3 24 | $98.4M | $23.4M | ||
| Q2 24 | $73.9M | $23.4M | ||
| Q1 24 | $41.9M | $34.5M |
| Q4 25 | $428.4M | $126.7M | ||
| Q3 25 | $429.3M | — | ||
| Q2 25 | $430.2M | — | ||
| Q1 25 | $431.1M | — | ||
| Q4 24 | $432.0M | $70.7M | ||
| Q3 24 | $432.9M | $50.8M | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | $-29.7M | ||
| Q3 25 | $-7.4M | $-26.9M | ||
| Q2 25 | $-12.3M | $-15.6M | ||
| Q1 25 | $-28.3M | $1.3M | ||
| Q4 24 | $-27.6M | $20.2M | ||
| Q3 24 | $-31.9M | $28.0M | ||
| Q2 24 | $-28.5M | $66.4M | ||
| Q1 24 | $-26.4M | $65.5M |
| Q4 25 | $813.8M | $296.3M | ||
| Q3 25 | $685.9M | $302.1M | ||
| Q2 25 | $636.9M | $303.8M | ||
| Q1 25 | $579.8M | $293.8M | ||
| Q4 24 | $612.7M | $307.8M | ||
| Q3 24 | $575.0M | $309.3M | ||
| Q2 24 | $543.9M | $362.1M | ||
| Q1 24 | $497.3M | $382.1M |
| Q4 25 | 15.87× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $175.0M | $-7.8M |
| FCF MarginFCF / Revenue | 98.8% | -5.5% |
| Capex IntensityCapex / Revenue | 4.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $-5.8M | ||
| Q3 25 | $79.8M | $-968.0K | ||
| Q2 25 | $42.0M | $-4.0M | ||
| Q1 25 | $33.3M | $-23.1M | ||
| Q4 24 | $148.8M | $6.8M | ||
| Q3 24 | $69.0M | $1.1M | ||
| Q2 24 | $17.5M | $-8.9M | ||
| Q1 24 | $24.2M | $-16.8M |
| Q4 25 | $175.0M | $-7.8M | ||
| Q3 25 | $78.3M | $-1.8M | ||
| Q2 25 | $40.8M | $-7.0M | ||
| Q1 25 | $32.1M | $-25.3M | ||
| Q4 24 | $132.0M | $5.7M | ||
| Q3 24 | $62.2M | $101.0K | ||
| Q2 24 | $12.8M | $-11.0M | ||
| Q1 24 | $20.0M | $-19.9M |
| Q4 25 | 98.8% | -5.5% | ||
| Q3 25 | 58.0% | -1.5% | ||
| Q2 25 | 34.1% | -6.6% | ||
| Q1 25 | 25.5% | -24.3% | ||
| Q4 24 | 79.9% | 4.4% | ||
| Q3 24 | 50.6% | 0.1% | ||
| Q2 24 | 10.9% | -9.2% | ||
| Q1 24 | 18.4% | -16.5% |
| Q4 25 | 4.8% | 1.4% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.0% | 2.8% | ||
| Q1 25 | 0.9% | 2.2% | ||
| Q4 24 | 10.1% | 0.8% | ||
| Q3 24 | 5.5% | 0.9% | ||
| Q2 24 | 4.0% | 1.7% | ||
| Q1 24 | 3.9% | 2.5% |
| Q4 25 | 3.16× | — | ||
| Q3 25 | 7.61× | — | ||
| Q2 25 | 2.72× | — | ||
| Q1 25 | 71.84× | — | ||
| Q4 24 | 19.54× | — | ||
| Q3 24 | 16.60× | — | ||
| Q2 24 | 3.64× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
