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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $91.6M, roughly 1.9× SHENANDOAH TELECOMMUNICATIONS CO). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -5.9%, a 38.7% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $-78.6M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 15.0%).
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
GCMG vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $91.6M |
| Net Profit | $58.2M | $-5.4M |
| Gross Margin | — | — |
| Operating Margin | 30.9% | -1.0% |
| Net Margin | 32.8% | -5.9% |
| Revenue YoY | 7.2% | 7.2% |
| Net Profit YoY | 149.2% | -95.8% |
| EPS (diluted) | $0.23 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $135.0M | $89.8M | ||
| Q2 25 | $119.7M | $88.6M | ||
| Q1 25 | $125.8M | $87.9M | ||
| Q4 24 | $165.3M | $85.4M | ||
| Q3 24 | $122.9M | $87.6M | ||
| Q2 24 | $117.0M | $85.8M | ||
| Q1 24 | $108.9M | $69.2M |
| Q4 25 | $58.2M | $-5.4M | ||
| Q3 25 | $10.5M | $-9.4M | ||
| Q2 25 | $15.4M | $-9.0M | ||
| Q1 25 | $463.0K | $-9.1M | ||
| Q4 24 | $7.6M | $-2.7M | ||
| Q3 24 | $4.2M | $-5.3M | ||
| Q2 24 | $4.8M | $-12.9M | ||
| Q1 24 | $2.1M | $214.7M |
| Q4 25 | 30.9% | -1.0% | ||
| Q3 25 | 32.7% | -8.0% | ||
| Q2 25 | 16.1% | -10.3% | ||
| Q1 25 | 12.2% | -6.9% | ||
| Q4 24 | 26.4% | -6.7% | ||
| Q3 24 | 20.3% | -4.8% | ||
| Q2 24 | 17.8% | -18.5% | ||
| Q1 24 | -14.7% | -4.0% |
| Q4 25 | 32.8% | -5.9% | ||
| Q3 25 | 7.8% | -10.5% | ||
| Q2 25 | 12.9% | -10.2% | ||
| Q1 25 | 0.4% | -10.4% | ||
| Q4 24 | 4.6% | -3.2% | ||
| Q3 24 | 3.4% | -6.0% | ||
| Q2 24 | 4.1% | -15.0% | ||
| Q1 24 | 2.0% | 310.0% |
| Q4 25 | $0.23 | $-0.13 | ||
| Q3 25 | $0.16 | $-0.20 | ||
| Q2 25 | $0.05 | $-0.19 | ||
| Q1 25 | $-0.02 | $-0.19 | ||
| Q4 24 | $0.09 | $-0.34 | ||
| Q3 24 | $0.03 | $-0.13 | ||
| Q2 24 | $0.04 | $-0.24 | ||
| Q1 24 | $-0.13 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | $428.4M | $642.4M |
| Stockholders' EquityBook value | $27.0M | $880.8M |
| Total Assets | $813.8M | $1.9B |
| Debt / EquityLower = less leverage | 15.87× | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $27.3M | ||
| Q3 25 | $182.7M | $22.6M | ||
| Q2 25 | $136.3M | $29.1M | ||
| Q1 25 | $94.5M | $87.5M | ||
| Q4 24 | $89.5M | $46.3M | ||
| Q3 24 | $98.4M | $43.1M | ||
| Q2 24 | $73.9M | $43.8M | ||
| Q1 24 | $41.9M | $389.7M |
| Q4 25 | $428.4M | $642.4M | ||
| Q3 25 | $429.3M | $535.4M | ||
| Q2 25 | $430.2M | $513.1M | ||
| Q1 25 | $431.1M | $515.8M | ||
| Q4 24 | $432.0M | $418.0M | ||
| Q3 24 | $432.9M | $345.2M | ||
| Q2 24 | $433.8M | $297.4M | ||
| Q1 24 | $384.0M | $298.7M |
| Q4 25 | $27.0M | $880.8M | ||
| Q3 25 | $-7.4M | $892.7M | ||
| Q2 25 | $-12.3M | $902.0M | ||
| Q1 25 | $-28.3M | $910.5M | ||
| Q4 24 | $-27.6M | $918.6M | ||
| Q3 24 | $-31.9M | $925.4M | ||
| Q2 24 | $-28.5M | $933.1M | ||
| Q1 24 | $-26.4M | $871.6M |
| Q4 25 | $813.8M | $1.9B | ||
| Q3 25 | $685.9M | $1.9B | ||
| Q2 25 | $636.9M | $1.8B | ||
| Q1 25 | $579.8M | $1.8B | ||
| Q4 24 | $612.7M | $1.7B | ||
| Q3 24 | $575.0M | $1.7B | ||
| Q2 24 | $543.9M | $1.7B | ||
| Q1 24 | $497.3M | $1.4B |
| Q4 25 | 15.87× | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $175.0M | $-78.6M |
| FCF MarginFCF / Revenue | 98.8% | -85.8% |
| Capex IntensityCapex / Revenue | 4.8% | 117.2% |
| Cash ConversionOCF / Net Profit | 3.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $28.8M | ||
| Q3 25 | $79.8M | $30.7M | ||
| Q2 25 | $42.0M | $20.9M | ||
| Q1 25 | $33.3M | $20.5M | ||
| Q4 24 | $148.8M | $20.6M | ||
| Q3 24 | $69.0M | $24.3M | ||
| Q2 24 | $17.5M | $2.5M | ||
| Q1 24 | $24.2M | $15.2M |
| Q4 25 | $175.0M | $-78.6M | ||
| Q3 25 | $78.3M | $-51.4M | ||
| Q2 25 | $40.8M | $-65.3M | ||
| Q1 25 | $32.1M | $-62.7M | ||
| Q4 24 | $132.0M | $-72.0M | ||
| Q3 24 | $62.2M | $-51.3M | ||
| Q2 24 | $12.8M | $-78.3M | ||
| Q1 24 | $20.0M | $-54.9M |
| Q4 25 | 98.8% | -85.8% | ||
| Q3 25 | 58.0% | -57.2% | ||
| Q2 25 | 34.1% | -73.7% | ||
| Q1 25 | 25.5% | -71.3% | ||
| Q4 24 | 79.9% | -84.3% | ||
| Q3 24 | 50.6% | -58.5% | ||
| Q2 24 | 10.9% | -91.3% | ||
| Q1 24 | 18.4% | -79.3% |
| Q4 25 | 4.8% | 117.2% | ||
| Q3 25 | 1.1% | 91.4% | ||
| Q2 25 | 1.0% | 97.3% | ||
| Q1 25 | 0.9% | 94.7% | ||
| Q4 24 | 10.1% | 108.4% | ||
| Q3 24 | 5.5% | 86.2% | ||
| Q2 24 | 4.0% | 94.2% | ||
| Q1 24 | 3.9% | 101.2% |
| 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× | — | ||
| Q1 24 | 11.40× | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
