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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $177.1M, roughly 1.5× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 1.4%, a 31.5% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs -9.4%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $8.7M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 17.3%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
GCMG vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $260.4M |
| Net Profit | $58.2M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 30.9% | 6.5% |
| Net Margin | 32.8% | 1.4% |
| Revenue YoY | 7.2% | -9.4% |
| Net Profit YoY | 149.2% | -14.3% |
| EPS (diluted) | $0.23 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $135.0M | $262.0M | ||
| Q2 25 | $119.7M | $223.9M | ||
| Q1 25 | $125.8M | $224.7M | ||
| Q4 24 | $165.3M | $287.5M | ||
| Q3 24 | $122.9M | $277.8M | ||
| Q2 24 | $117.0M | $220.9M | ||
| Q1 24 | $108.9M | $189.2M |
| Q4 25 | $58.2M | $3.5M | ||
| Q3 25 | $10.5M | $2.1M | ||
| Q2 25 | $15.4M | $2.4M | ||
| Q1 25 | $463.0K | $2.7M | ||
| Q4 24 | $7.6M | $4.1M | ||
| Q3 24 | $4.2M | $5.3M | ||
| Q2 24 | $4.8M | $3.6M | ||
| Q1 24 | $2.1M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 30.9% | 6.5% | ||
| Q3 25 | 32.7% | 6.6% | ||
| Q2 25 | 16.1% | 7.7% | ||
| Q1 25 | 12.2% | 8.7% | ||
| Q4 24 | 26.4% | 10.4% | ||
| Q3 24 | 20.3% | 14.2% | ||
| Q2 24 | 17.8% | 11.7% | ||
| Q1 24 | -14.7% | 11.3% |
| Q4 25 | 32.8% | 1.4% | ||
| Q3 25 | 7.8% | 0.8% | ||
| Q2 25 | 12.9% | 1.1% | ||
| Q1 25 | 0.4% | 1.2% | ||
| Q4 24 | 4.6% | 1.4% | ||
| Q3 24 | 3.4% | 1.9% | ||
| Q2 24 | 4.1% | 1.7% | ||
| Q1 24 | 2.0% | 1.6% |
| Q4 25 | $0.23 | $0.39 | ||
| Q3 25 | $0.16 | $0.24 | ||
| Q2 25 | $0.05 | $0.26 | ||
| Q1 25 | $-0.02 | $0.30 | ||
| Q4 24 | $0.09 | $0.50 | ||
| Q3 24 | $0.03 | $0.58 | ||
| Q2 24 | $0.04 | $0.40 | ||
| Q1 24 | $-0.13 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $27.0M | $86.7M |
| Total Assets | $813.8M | $557.6M |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $12.7M | ||
| Q3 25 | $182.7M | $14.8M | ||
| Q2 25 | $136.3M | $16.8M | ||
| Q1 25 | $94.5M | $12.7M | ||
| Q4 24 | $89.5M | $22.4M | ||
| Q3 24 | $98.4M | $23.7M | ||
| Q2 24 | $73.9M | $17.3M | ||
| Q1 24 | $41.9M | $32.8M |
| Q4 25 | $428.4M | — | ||
| Q3 25 | $429.3M | — | ||
| Q2 25 | $430.2M | — | ||
| Q1 25 | $431.1M | — | ||
| Q4 24 | $432.0M | — | ||
| Q3 24 | $432.9M | — | ||
| Q2 24 | $433.8M | — | ||
| Q1 24 | $384.0M | — |
| Q4 25 | $27.0M | $86.7M | ||
| Q3 25 | $-7.4M | $82.2M | ||
| Q2 25 | $-12.3M | $80.0M | ||
| Q1 25 | $-28.3M | $76.9M | ||
| Q4 24 | $-27.6M | $73.6M | ||
| Q3 24 | $-31.9M | $68.4M | ||
| Q2 24 | $-28.5M | $62.1M | ||
| Q1 24 | $-26.4M | $59.7M |
| Q4 25 | $813.8M | $557.6M | ||
| Q3 25 | $685.9M | $571.6M | ||
| Q2 25 | $636.9M | $570.2M | ||
| Q1 25 | $579.8M | $513.9M | ||
| Q4 24 | $612.7M | $475.9M | ||
| Q3 24 | $575.0M | $460.1M | ||
| Q2 24 | $543.9M | $429.3M | ||
| Q1 24 | $497.3M | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | $175.0M | $8.7M |
| FCF MarginFCF / Revenue | 98.8% | 3.4% |
| Capex IntensityCapex / Revenue | 4.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 3.16× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $9.8M | ||
| Q3 25 | $79.8M | $22.8M | ||
| Q2 25 | $42.0M | $-28.9M | ||
| Q1 25 | $33.3M | $-34.9M | ||
| Q4 24 | $148.8M | $5.5M | ||
| Q3 24 | $69.0M | $22.9M | ||
| Q2 24 | $17.5M | $39.0K | ||
| Q1 24 | $24.2M | $-9.3M |
| Q4 25 | $175.0M | $8.7M | ||
| Q3 25 | $78.3M | $21.4M | ||
| Q2 25 | $40.8M | $-31.1M | ||
| Q1 25 | $32.1M | $-35.9M | ||
| Q4 24 | $132.0M | $4.8M | ||
| Q3 24 | $62.2M | $22.3M | ||
| Q2 24 | $12.8M | $-2.1M | ||
| Q1 24 | $20.0M | $-9.7M |
| Q4 25 | 98.8% | 3.4% | ||
| Q3 25 | 58.0% | 8.2% | ||
| Q2 25 | 34.1% | -13.9% | ||
| Q1 25 | 25.5% | -16.0% | ||
| Q4 24 | 79.9% | 1.7% | ||
| Q3 24 | 50.6% | 8.0% | ||
| Q2 24 | 10.9% | -1.0% | ||
| Q1 24 | 18.4% | -5.1% |
| Q4 25 | 4.8% | 0.4% | ||
| Q3 25 | 1.1% | 0.5% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 0.9% | 0.5% | ||
| Q4 24 | 10.1% | 0.2% | ||
| Q3 24 | 5.5% | 0.2% | ||
| Q2 24 | 4.0% | 1.0% | ||
| Q1 24 | 3.9% | 0.2% |
| Q4 25 | 3.16× | 2.77× | ||
| Q3 25 | 7.61× | 10.70× | ||
| Q2 25 | 2.72× | -12.24× | ||
| Q1 25 | 71.84× | -13.01× | ||
| Q4 24 | 19.54× | 1.33× | ||
| Q3 24 | 16.60× | 4.28× | ||
| Q2 24 | 3.64× | 0.01× | ||
| Q1 24 | 11.40× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
