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

GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $111.7M, roughly 1.6× ZIPRECRUITER, INC.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -0.7%, a 33.6% gap on every dollar of revenue. On growth, GCM Grosvenor Inc. posted the faster year-over-year revenue change (7.2% vs 0.6%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $7.6M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs -4.4%).

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

GCMG vs ZIP — Head-to-Head

Bigger by revenue
GCMG
GCMG
1.6× larger
GCMG
$177.1M
$111.7M
ZIP
Growing faster (revenue YoY)
GCMG
GCMG
+6.6% gap
GCMG
7.2%
0.6%
ZIP
Higher net margin
GCMG
GCMG
33.6% more per $
GCMG
32.8%
-0.7%
ZIP
More free cash flow
GCMG
GCMG
$167.4M more FCF
GCMG
$175.0M
$7.6M
ZIP
Faster 2-yr revenue CAGR
GCMG
GCMG
Annualised
GCMG
27.5%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GCMG
GCMG
ZIP
ZIP
Revenue
$177.1M
$111.7M
Net Profit
$58.2M
$-835.0K
Gross Margin
89.1%
Operating Margin
30.9%
3.6%
Net Margin
32.8%
-0.7%
Revenue YoY
7.2%
0.6%
Net Profit YoY
149.2%
92.3%
EPS (diluted)
$0.23
$-0.03

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
ZIP
ZIP
Q4 25
$177.1M
$111.7M
Q3 25
$135.0M
$115.0M
Q2 25
$119.7M
$112.2M
Q1 25
$125.8M
$110.1M
Q4 24
$165.3M
$111.0M
Q3 24
$122.9M
$117.1M
Q2 24
$117.0M
$123.7M
Q1 24
$108.9M
$122.2M
Net Profit
GCMG
GCMG
ZIP
ZIP
Q4 25
$58.2M
$-835.0K
Q3 25
$10.5M
$-9.8M
Q2 25
$15.4M
$-9.5M
Q1 25
$463.0K
$-12.8M
Q4 24
$7.6M
$-10.8M
Q3 24
$4.2M
$-2.6M
Q2 24
$4.8M
$7.0M
Q1 24
$2.1M
$-6.5M
Gross Margin
GCMG
GCMG
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
GCMG
GCMG
ZIP
ZIP
Q4 25
30.9%
3.6%
Q3 25
32.7%
-4.4%
Q2 25
16.1%
-5.9%
Q1 25
12.2%
-10.6%
Q4 24
26.4%
-3.6%
Q3 24
20.3%
-2.8%
Q2 24
17.8%
7.6%
Q1 24
-14.7%
-0.7%
Net Margin
GCMG
GCMG
ZIP
ZIP
Q4 25
32.8%
-0.7%
Q3 25
7.8%
-8.5%
Q2 25
12.9%
-8.5%
Q1 25
0.4%
-11.7%
Q4 24
4.6%
-9.7%
Q3 24
3.4%
-2.2%
Q2 24
4.1%
5.7%
Q1 24
2.0%
-5.3%
EPS (diluted)
GCMG
GCMG
ZIP
ZIP
Q4 25
$0.23
$-0.03
Q3 25
$0.16
$-0.11
Q2 25
$0.05
$-0.10
Q1 25
$-0.02
$-0.13
Q4 24
$0.09
$-0.10
Q3 24
$0.03
$-0.03
Q2 24
$0.04
$0.07
Q1 24
$-0.13
$-0.07

Balance Sheet & Financial Strength

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

Metric
GCMG
GCMG
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$242.1M
$188.0M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$27.0M
$-77.2M
Total Assets
$813.8M
$569.7M
Debt / EquityLower = less leverage
15.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCMG
GCMG
ZIP
ZIP
Q4 25
$242.1M
$188.0M
Q3 25
$182.7M
$211.8M
Q2 25
$136.3M
$203.5M
Q1 25
$94.5M
$221.1M
Q4 24
$89.5M
$218.4M
Q3 24
$98.4M
$225.6M
Q2 24
$73.9M
$271.7M
Q1 24
$41.9M
$282.5M
Total Debt
GCMG
GCMG
ZIP
ZIP
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
ZIP
ZIP
Q4 25
$27.0M
$-77.2M
Q3 25
$-7.4M
$-76.1M
Q2 25
$-12.3M
$-65.9M
Q1 25
$-28.3M
$-11.3M
Q4 24
$-27.6M
$13.4M
Q3 24
$-31.9M
$13.6M
Q2 24
$-28.5M
$24.4M
Q1 24
$-26.4M
$12.7M
Total Assets
GCMG
GCMG
ZIP
ZIP
Q4 25
$813.8M
$569.7M
Q3 25
$685.9M
$573.6M
Q2 25
$636.9M
$592.4M
Q1 25
$579.8M
$629.4M
Q4 24
$612.7M
$664.1M
Q3 24
$575.0M
$652.0M
Q2 24
$543.9M
$665.3M
Q1 24
$497.3M
$662.4M
Debt / Equity
GCMG
GCMG
ZIP
ZIP
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
ZIP
ZIP
Operating Cash FlowLast quarter
$183.5M
$7.7M
Free Cash FlowOCF − Capex
$175.0M
$7.6M
FCF MarginFCF / Revenue
98.8%
6.8%
Capex IntensityCapex / Revenue
4.8%
0.1%
Cash ConversionOCF / Net Profit
3.16×
TTM Free Cash FlowTrailing 4 quarters
$326.2M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCMG
GCMG
ZIP
ZIP
Q4 25
$183.5M
$7.7M
Q3 25
$79.8M
$2.6M
Q2 25
$42.0M
$10.5M
Q1 25
$33.3M
$-9.9M
Q4 24
$148.8M
$12.5M
Q3 24
$69.0M
$9.3M
Q2 24
$17.5M
$21.9M
Q1 24
$24.2M
$2.0M
Free Cash Flow
GCMG
GCMG
ZIP
ZIP
Q4 25
$175.0M
$7.6M
Q3 25
$78.3M
$2.2M
Q2 25
$40.8M
$10.2M
Q1 25
$32.1M
$-10.2M
Q4 24
$132.0M
$12.0M
Q3 24
$62.2M
$9.2M
Q2 24
$12.8M
$21.7M
Q1 24
$20.0M
$1.9M
FCF Margin
GCMG
GCMG
ZIP
ZIP
Q4 25
98.8%
6.8%
Q3 25
58.0%
1.9%
Q2 25
34.1%
9.1%
Q1 25
25.5%
-9.3%
Q4 24
79.9%
10.8%
Q3 24
50.6%
7.8%
Q2 24
10.9%
17.6%
Q1 24
18.4%
1.6%
Capex Intensity
GCMG
GCMG
ZIP
ZIP
Q4 25
4.8%
0.1%
Q3 25
1.1%
0.3%
Q2 25
1.0%
0.3%
Q1 25
0.9%
0.3%
Q4 24
10.1%
0.4%
Q3 24
5.5%
0.2%
Q2 24
4.0%
0.1%
Q1 24
3.9%
0.1%
Cash Conversion
GCMG
GCMG
ZIP
ZIP
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×
3.12×
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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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