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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $158.6M, roughly 1.1× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 32.8%, a 38.3% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $131.7M).

GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

GCMG vs STOK — Head-to-Head

Bigger by revenue
GCMG
GCMG
1.1× larger
GCMG
$177.1M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3654.0% gap
STOK
3661.1%
7.2%
GCMG
Higher net margin
STOK
STOK
38.3% more per $
STOK
71.2%
32.8%
GCMG
More free cash flow
GCMG
GCMG
$43.4M more FCF
GCMG
$175.0M
$131.7M
STOK

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
GCMG
GCMG
STOK
STOK
Revenue
$177.1M
$158.6M
Net Profit
$58.2M
$112.9M
Gross Margin
Operating Margin
30.9%
70.2%
Net Margin
32.8%
71.2%
Revenue YoY
7.2%
3661.1%
Net Profit YoY
149.2%
528.0%
EPS (diluted)
$0.23
$1.90

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.

Revenue
GCMG
GCMG
STOK
STOK
Q4 25
$177.1M
Q3 25
$135.0M
Q2 25
$119.7M
Q1 25
$125.8M
$158.6M
Q4 24
$165.3M
$22.6M
Q3 24
$122.9M
Q2 24
$117.0M
Q1 24
$108.9M
Net Profit
GCMG
GCMG
STOK
STOK
Q4 25
$58.2M
Q3 25
$10.5M
Q2 25
$15.4M
Q1 25
$463.0K
$112.9M
Q4 24
$7.6M
$-10.5M
Q3 24
$4.2M
Q2 24
$4.8M
Q1 24
$2.1M
Operating Margin
GCMG
GCMG
STOK
STOK
Q4 25
30.9%
Q3 25
32.7%
Q2 25
16.1%
Q1 25
12.2%
70.2%
Q4 24
26.4%
-60.4%
Q3 24
20.3%
Q2 24
17.8%
Q1 24
-14.7%
Net Margin
GCMG
GCMG
STOK
STOK
Q4 25
32.8%
Q3 25
7.8%
Q2 25
12.9%
Q1 25
0.4%
71.2%
Q4 24
4.6%
-46.4%
Q3 24
3.4%
Q2 24
4.1%
Q1 24
2.0%
EPS (diluted)
GCMG
GCMG
STOK
STOK
Q4 25
$0.23
Q3 25
$0.16
Q2 25
$0.05
Q1 25
$-0.02
$1.90
Q4 24
$0.09
$-0.15
Q3 24
$0.03
Q2 24
$0.04
Q1 24
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GCMG
GCMG
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$242.1M
$274.8M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$27.0M
$350.1M
Total Assets
$813.8M
$406.9M
Debt / EquityLower = less leverage
15.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCMG
GCMG
STOK
STOK
Q4 25
$242.1M
Q3 25
$182.7M
Q2 25
$136.3M
Q1 25
$94.5M
$274.8M
Q4 24
$89.5M
$128.0M
Q3 24
$98.4M
Q2 24
$73.9M
Q1 24
$41.9M
Total Debt
GCMG
GCMG
STOK
STOK
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
Stockholders' Equity
GCMG
GCMG
STOK
STOK
Q4 25
$27.0M
Q3 25
$-7.4M
Q2 25
$-12.3M
Q1 25
$-28.3M
$350.1M
Q4 24
$-27.6M
$229.0M
Q3 24
$-31.9M
Q2 24
$-28.5M
Q1 24
$-26.4M
Total Assets
GCMG
GCMG
STOK
STOK
Q4 25
$813.8M
Q3 25
$685.9M
Q2 25
$636.9M
Q1 25
$579.8M
$406.9M
Q4 24
$612.7M
$271.6M
Q3 24
$575.0M
Q2 24
$543.9M
Q1 24
$497.3M
Debt / Equity
GCMG
GCMG
STOK
STOK
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
GCMG
GCMG
STOK
STOK
Operating Cash FlowLast quarter
$183.5M
$131.8M
Free Cash FlowOCF − Capex
$175.0M
$131.7M
FCF MarginFCF / Revenue
98.8%
83.0%
Capex IntensityCapex / Revenue
4.8%
0.1%
Cash ConversionOCF / Net Profit
3.16×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$326.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCMG
GCMG
STOK
STOK
Q4 25
$183.5M
Q3 25
$79.8M
Q2 25
$42.0M
Q1 25
$33.3M
$131.8M
Q4 24
$148.8M
$-23.2M
Q3 24
$69.0M
Q2 24
$17.5M
Q1 24
$24.2M
Free Cash Flow
GCMG
GCMG
STOK
STOK
Q4 25
$175.0M
Q3 25
$78.3M
Q2 25
$40.8M
Q1 25
$32.1M
$131.7M
Q4 24
$132.0M
$-23.2M
Q3 24
$62.2M
Q2 24
$12.8M
Q1 24
$20.0M
FCF Margin
GCMG
GCMG
STOK
STOK
Q4 25
98.8%
Q3 25
58.0%
Q2 25
34.1%
Q1 25
25.5%
83.0%
Q4 24
79.9%
-102.7%
Q3 24
50.6%
Q2 24
10.9%
Q1 24
18.4%
Capex Intensity
GCMG
GCMG
STOK
STOK
Q4 25
4.8%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
0.9%
0.1%
Q4 24
10.1%
0.2%
Q3 24
5.5%
Q2 24
4.0%
Q1 24
3.9%
Cash Conversion
GCMG
GCMG
STOK
STOK
Q4 25
3.16×
Q3 25
7.61×
Q2 25
2.72×
Q1 25
71.84×
1.17×
Q4 24
19.54×
Q3 24
16.60×
Q2 24
3.64×
Q1 24
11.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GCMG
GCMG

Asset Management1$108.6M61%
Management Service Incentive Performance Fees$61.7M35%
Management Service Incentive Carried Interest$5.1M3%
Service Other$1.8M1%

STOK
STOK

Segment breakdown not available.

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