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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
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
| 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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |