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

Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $177.1M, roughly 1.4× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 10.6%, a 22.2% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 2.4%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $11.4M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 12.8%).

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

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

GCMG vs TGLS — Head-to-Head

Bigger by revenue
TGLS
TGLS
1.4× larger
TGLS
$245.3M
$177.1M
GCMG
Growing faster (revenue YoY)
GCMG
GCMG
+4.8% gap
GCMG
7.2%
2.4%
TGLS
Higher net margin
GCMG
GCMG
22.2% more per $
GCMG
32.8%
10.6%
TGLS
More free cash flow
GCMG
GCMG
$163.6M more FCF
GCMG
$175.0M
$11.4M
TGLS
Faster 2-yr revenue CAGR
GCMG
GCMG
Annualised
GCMG
27.5%
12.8%
TGLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GCMG
GCMG
TGLS
TGLS
Revenue
$177.1M
$245.3M
Net Profit
$58.2M
$26.1M
Gross Margin
40.0%
Operating Margin
30.9%
18.3%
Net Margin
32.8%
10.6%
Revenue YoY
7.2%
2.4%
Net Profit YoY
149.2%
-44.5%
EPS (diluted)
$0.23
$0.57

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
TGLS
TGLS
Q4 25
$177.1M
$245.3M
Q3 25
$135.0M
$260.5M
Q2 25
$119.7M
$255.5M
Q1 25
$125.8M
$222.3M
Q4 24
$165.3M
$239.6M
Q3 24
$122.9M
$238.3M
Q2 24
$117.0M
$219.7M
Q1 24
$108.9M
$192.6M
Net Profit
GCMG
GCMG
TGLS
TGLS
Q4 25
$58.2M
$26.1M
Q3 25
$10.5M
$47.2M
Q2 25
$15.4M
$44.1M
Q1 25
$463.0K
$42.2M
Q4 24
$7.6M
$47.0M
Q3 24
$4.2M
$49.5M
Q2 24
$4.8M
$35.0M
Q1 24
$2.1M
$29.7M
Gross Margin
GCMG
GCMG
TGLS
TGLS
Q4 25
40.0%
Q3 25
42.7%
Q2 25
44.7%
Q1 25
43.9%
Q4 24
44.5%
Q3 24
45.8%
Q2 24
40.8%
Q1 24
38.8%
Operating Margin
GCMG
GCMG
TGLS
TGLS
Q4 25
30.9%
18.3%
Q3 25
32.7%
25.1%
Q2 25
16.1%
24.0%
Q1 25
12.2%
26.7%
Q4 24
26.4%
28.0%
Q3 24
20.3%
28.4%
Q2 24
17.8%
23.3%
Q1 24
-14.7%
21.3%
Net Margin
GCMG
GCMG
TGLS
TGLS
Q4 25
32.8%
10.6%
Q3 25
7.8%
18.1%
Q2 25
12.9%
17.3%
Q1 25
0.4%
19.0%
Q4 24
4.6%
19.6%
Q3 24
3.4%
20.8%
Q2 24
4.1%
15.9%
Q1 24
2.0%
15.4%
EPS (diluted)
GCMG
GCMG
TGLS
TGLS
Q4 25
$0.23
$0.57
Q3 25
$0.16
$1.01
Q2 25
$0.05
$0.94
Q1 25
$-0.02
$0.90
Q4 24
$0.09
$1.00
Q3 24
$0.03
$1.05
Q2 24
$0.04
$0.75
Q1 24
$-0.13
$0.63

Balance Sheet & Financial Strength

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

Metric
GCMG
GCMG
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$242.1M
$104.1M
Total DebtLower is stronger
$428.4M
$174.4M
Stockholders' EquityBook value
$27.0M
$713.1M
Total Assets
$813.8M
$1.3B
Debt / EquityLower = less leverage
15.87×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCMG
GCMG
TGLS
TGLS
Q4 25
$242.1M
$104.1M
Q3 25
$182.7M
$127.1M
Q2 25
$136.3M
$140.9M
Q1 25
$94.5M
$160.2M
Q4 24
$89.5M
$137.5M
Q3 24
$98.4M
$124.8M
Q2 24
$73.9M
$129.5M
Q1 24
$41.9M
$138.8M
Total Debt
GCMG
GCMG
TGLS
TGLS
Q4 25
$428.4M
$174.4M
Q3 25
$429.3M
$114.7M
Q2 25
$430.2M
$110.6M
Q1 25
$431.1M
$110.6M
Q4 24
$432.0M
$111.1M
Q3 24
$432.9M
$126.8M
Q2 24
$433.8M
$144.7M
Q1 24
$384.0M
$160.9M
Stockholders' Equity
GCMG
GCMG
TGLS
TGLS
Q4 25
$27.0M
$713.1M
Q3 25
$-7.4M
$764.0M
Q2 25
$-12.3M
$736.0M
Q1 25
$-28.3M
$685.1M
Q4 24
$-27.6M
$631.2M
Q3 24
$-31.9M
$613.3M
Q2 24
$-28.5M
$574.8M
Q1 24
$-26.4M
$573.6M
Total Assets
GCMG
GCMG
TGLS
TGLS
Q4 25
$813.8M
$1.3B
Q3 25
$685.9M
$1.2B
Q2 25
$636.9M
$1.2B
Q1 25
$579.8M
$1.1B
Q4 24
$612.7M
$1.0B
Q3 24
$575.0M
$996.3M
Q2 24
$543.9M
$942.5M
Q1 24
$497.3M
$981.6M
Debt / Equity
GCMG
GCMG
TGLS
TGLS
Q4 25
15.87×
0.24×
Q3 25
0.15×
Q2 25
0.15×
Q1 25
0.16×
Q4 24
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
0.28×

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
TGLS
TGLS
Operating Cash FlowLast quarter
$183.5M
$31.0M
Free Cash FlowOCF − Capex
$175.0M
$11.4M
FCF MarginFCF / Revenue
98.8%
4.7%
Capex IntensityCapex / Revenue
4.8%
8.0%
Cash ConversionOCF / Net Profit
3.16×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$326.2M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCMG
GCMG
TGLS
TGLS
Q4 25
$183.5M
$31.0M
Q3 25
$79.8M
$40.0M
Q2 25
$42.0M
$17.9M
Q1 25
$33.3M
$46.9M
Q4 24
$148.8M
$61.1M
Q3 24
$69.0M
$41.5M
Q2 24
$17.5M
$34.5M
Q1 24
$24.2M
$33.4M
Free Cash Flow
GCMG
GCMG
TGLS
TGLS
Q4 25
$175.0M
$11.4M
Q3 25
$78.3M
$21.2M
Q2 25
$40.8M
$-14.7M
Q1 25
$32.1M
$16.5M
Q4 24
$132.0M
$35.4M
Q3 24
$62.2M
$17.8M
Q2 24
$12.8M
$14.2M
Q1 24
$20.0M
$23.6M
FCF Margin
GCMG
GCMG
TGLS
TGLS
Q4 25
98.8%
4.7%
Q3 25
58.0%
8.2%
Q2 25
34.1%
-5.7%
Q1 25
25.5%
7.4%
Q4 24
79.9%
14.8%
Q3 24
50.6%
7.5%
Q2 24
10.9%
6.5%
Q1 24
18.4%
12.2%
Capex Intensity
GCMG
GCMG
TGLS
TGLS
Q4 25
4.8%
8.0%
Q3 25
1.1%
7.2%
Q2 25
1.0%
12.7%
Q1 25
0.9%
13.7%
Q4 24
10.1%
10.7%
Q3 24
5.5%
9.9%
Q2 24
4.0%
9.2%
Q1 24
3.9%
5.1%
Cash Conversion
GCMG
GCMG
TGLS
TGLS
Q4 25
3.16×
1.19×
Q3 25
7.61×
0.85×
Q2 25
2.72×
0.41×
Q1 25
71.84×
1.11×
Q4 24
19.54×
1.30×
Q3 24
16.60×
0.84×
Q2 24
3.64×
0.98×
Q1 24
11.40×
1.13×

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%

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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