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Side-by-side financial comparison of GCM Grosvenor Inc. (GCMG) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $124.7M, roughly 1.4× SMITH & WESSON BRANDS, INC.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 1.5%, a 31.3% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs -3.9%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $16.3M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs -4.8%).
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 SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $177.1M | $124.7M |
| Net Profit | $58.2M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 30.9% | 3.3% |
| Net Margin | 32.8% | 1.5% |
| Revenue YoY | 7.2% | -3.9% |
| Net Profit YoY | 149.2% | -53.6% |
| 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.
| Q4 25 | $177.1M | $124.7M | ||
| Q3 25 | $135.0M | $85.1M | ||
| Q2 25 | $119.7M | $140.8M | ||
| Q1 25 | $125.8M | $115.9M | ||
| Q4 24 | $165.3M | $129.7M | ||
| Q3 24 | $122.9M | $88.3M | ||
| Q2 24 | $117.0M | $159.1M | ||
| Q1 24 | $108.9M | $137.5M |
| Q4 25 | $58.2M | $1.9M | ||
| Q3 25 | $10.5M | $-3.4M | ||
| Q2 25 | $15.4M | $8.6M | ||
| Q1 25 | $463.0K | $2.1M | ||
| Q4 24 | $7.6M | $4.5M | ||
| Q3 24 | $4.2M | $-1.9M | ||
| Q2 24 | $4.8M | $27.9M | ||
| Q1 24 | $2.1M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | 30.9% | 3.3% | ||
| Q3 25 | 32.7% | -3.5% | ||
| Q2 25 | 16.1% | 9.3% | ||
| Q1 25 | 12.2% | 4.1% | ||
| Q4 24 | 26.4% | 5.8% | ||
| Q3 24 | 20.3% | -1.7% | ||
| Q2 24 | 17.8% | 17.4% | ||
| Q1 24 | -14.7% | 8.2% |
| Q4 25 | 32.8% | 1.5% | ||
| Q3 25 | 7.8% | -4.0% | ||
| Q2 25 | 12.9% | 6.1% | ||
| Q1 25 | 0.4% | 1.8% | ||
| Q4 24 | 4.6% | 3.5% | ||
| Q3 24 | 3.4% | -2.1% | ||
| Q2 24 | 4.1% | 17.5% | ||
| Q1 24 | 2.0% | 5.7% |
| Q4 25 | $0.23 | $0.04 | ||
| Q3 25 | $0.16 | $-0.08 | ||
| Q2 25 | $0.05 | $0.19 | ||
| Q1 25 | $-0.02 | $0.05 | ||
| Q4 24 | $0.09 | $0.10 | ||
| Q3 24 | $0.03 | $-0.04 | ||
| Q2 24 | $0.04 | $0.60 | ||
| Q1 24 | $-0.13 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | $428.4M | — |
| Stockholders' EquityBook value | $27.0M | $363.2M |
| Total Assets | $813.8M | $548.6M |
| Debt / EquityLower = less leverage | 15.87× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.1M | $22.4M | ||
| Q3 25 | $182.7M | $18.0M | ||
| Q2 25 | $136.3M | $25.2M | ||
| Q1 25 | $94.5M | $26.7M | ||
| Q4 24 | $89.5M | $39.1M | ||
| Q3 24 | $98.4M | $35.5M | ||
| Q2 24 | $73.9M | $60.8M | ||
| Q1 24 | $41.9M | $47.4M |
| 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 | $363.2M | ||
| Q3 25 | $-7.4M | $364.4M | ||
| Q2 25 | $-12.3M | $372.5M | ||
| Q1 25 | $-28.3M | $366.9M | ||
| Q4 24 | $-27.6M | $371.5M | ||
| Q3 24 | $-31.9M | $380.0M | ||
| Q2 24 | $-28.5M | $399.9M | ||
| Q1 24 | $-26.4M | $376.4M |
| Q4 25 | $813.8M | $548.6M | ||
| Q3 25 | $685.9M | $554.6M | ||
| Q2 25 | $636.9M | $559.6M | ||
| Q1 25 | $579.8M | $578.9M | ||
| Q4 24 | $612.7M | $587.4M | ||
| Q3 24 | $575.0M | $571.3M | ||
| Q2 24 | $543.9M | $577.4M | ||
| Q1 24 | $497.3M | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $175.0M | $16.3M |
| FCF MarginFCF / Revenue | 98.8% | 13.1% |
| Capex IntensityCapex / Revenue | 4.8% | 8.8% |
| Cash ConversionOCF / Net Profit | 3.16× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $326.2M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.5M | $27.3M | ||
| Q3 25 | $79.8M | $-8.1M | ||
| Q2 25 | $42.0M | $40.8M | ||
| Q1 25 | $33.3M | $-9.8M | ||
| Q4 24 | $148.8M | $-7.4M | ||
| Q3 24 | $69.0M | $-30.8M | ||
| Q2 24 | $17.5M | $43.7M | ||
| Q1 24 | $24.2M | $25.2M |
| Q4 25 | $175.0M | $16.3M | ||
| Q3 25 | $78.3M | $-12.4M | ||
| Q2 25 | $40.8M | $33.5M | ||
| Q1 25 | $32.1M | $-16.1M | ||
| Q4 24 | $132.0M | $-10.7M | ||
| Q3 24 | $62.2M | $-35.5M | ||
| Q2 24 | $12.8M | $38.2M | ||
| Q1 24 | $20.0M | $7.0M |
| Q4 25 | 98.8% | 13.1% | ||
| Q3 25 | 58.0% | -14.6% | ||
| Q2 25 | 34.1% | 23.8% | ||
| Q1 25 | 25.5% | -13.9% | ||
| Q4 24 | 79.9% | -8.3% | ||
| Q3 24 | 50.6% | -40.2% | ||
| Q2 24 | 10.9% | 24.0% | ||
| Q1 24 | 18.4% | 5.1% |
| Q4 25 | 4.8% | 8.8% | ||
| Q3 25 | 1.1% | 5.0% | ||
| Q2 25 | 1.0% | 5.2% | ||
| Q1 25 | 0.9% | 5.4% | ||
| Q4 24 | 10.1% | 2.5% | ||
| Q3 24 | 5.5% | 5.3% | ||
| Q2 24 | 4.0% | 3.5% | ||
| Q1 24 | 3.9% | 13.2% |
| Q4 25 | 3.16× | 14.22× | ||
| Q3 25 | 7.61× | — | ||
| Q2 25 | 2.72× | 4.73× | ||
| Q1 25 | 71.84× | -4.68× | ||
| Q4 24 | 19.54× | -1.63× | ||
| Q3 24 | 16.60× | — | ||
| Q2 24 | 3.64× | 1.57× | ||
| Q1 24 | 11.40× | 3.20× |
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% |
SWBI
Segment breakdown not available.
