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Side-by-side financial comparison of Great Elm Capital Corp. (GECC) and LM FUNDING AMERICA, INC. (LMFA). Click either name above to swap in a different company.

Great Elm Capital Corp. is the larger business by last-quarter revenue ($12.5M vs $2.4M, roughly 5.3× LM FUNDING AMERICA, INC.). On growth, Great Elm Capital Corp. posted the faster year-over-year revenue change (40.3% vs 19.2%). Over the past eight quarters, Great Elm Capital Corp.'s revenue compounded faster (18.0% CAGR vs -29.4%).

Great Elm Capital Corp. is a U.S.-based business development company offering debt financing and equity investments to domestic middle-market enterprises. Its core coverage segments include technology, healthcare, consumer goods, and industrial services, focusing on generating risk-adjusted returns for shareholders.

LM Funding America, Inc. is a U.S.-headquartered specialty financial services firm. It primarily acquires, manages, and resolves delinquent real estate property tax liens, serving local government agencies and real estate market stakeholders across multiple U.S. states, with core business focusing on alternative asset investments tied to property tax claims.

GECC vs LMFA — Head-to-Head

Bigger by revenue
GECC
GECC
5.3× larger
GECC
$12.5M
$2.4M
LM
Growing faster (revenue YoY)
GECC
GECC
+21.0% gap
GECC
40.3%
19.2%
LM
Faster 2-yr revenue CAGR
GECC
GECC
Annualised
GECC
18.0%
-29.4%
LM

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
GECC
GECC
LM
LMFA
Revenue
$12.5M
$2.4M
Net Profit
$453.0K
Gross Margin
Operating Margin
Net Margin
3.6%
Revenue YoY
40.3%
19.2%
Net Profit YoY
198.9%
EPS (diluted)
$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.

Revenue
GECC
GECC
LM
LMFA
Q4 25
$2.4M
Q3 25
$2.2M
Q2 25
$1.9M
Q1 25
$12.5M
$2.4M
Q4 24
$9.1M
$2.0M
Q3 24
$11.7M
$1.3M
Q2 24
$9.5M
$3.0M
Q1 24
$8.9M
$4.7M
Net Profit
GECC
GECC
LM
LMFA
Q4 25
Q3 25
$-3.7M
Q2 25
$100.6K
Q1 25
$453.0K
$-5.4M
Q4 24
$1.9M
Q3 24
$3.5M
$-4.3M
Q2 24
$-1.3M
$-5.6M
Q1 24
$-458.0K
$1.9M
Operating Margin
GECC
GECC
LM
LMFA
Q4 25
Q3 25
-161.5%
Q2 25
22.0%
Q1 25
-215.1%
Q4 24
Q3 24
-318.6%
Q2 24
-143.2%
Q1 24
21.2%
Net Margin
GECC
GECC
LM
LMFA
Q4 25
Q3 25
-171.2%
Q2 25
5.2%
Q1 25
3.6%
-227.7%
Q4 24
20.4%
Q3 24
29.6%
-341.2%
Q2 24
-13.9%
-186.2%
Q1 24
-5.1%
40.9%
EPS (diluted)
GECC
GECC
LM
LMFA
Q4 25
Q3 25
$-0.41
Q2 25
$0.02
Q1 25
$0.04
$-1.05
Q4 24
$0.22
Q3 24
$0.33
$-2.25
Q2 24
$-0.14
$-2.26
Q1 24
$-0.05
$0.80

Balance Sheet & Financial Strength

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

Metric
GECC
GECC
LM
LMFA
Cash + ST InvestmentsLiquidity on hand
$1.3M
$37.4K
Total DebtLower is stronger
Stockholders' EquityBook value
$132.3M
$30.6M
Total Assets
$350.8M
$51.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GECC
GECC
LM
LMFA
Q4 25
$37.4K
Q3 25
$23.6K
Q2 25
$13.2K
Q1 25
$1.3M
$18.3K
Q4 24
$27.1K
Q3 24
$305.0K
$18.8K
Q2 24
$2.6M
$22.1K
Q1 24
$334.0K
$15.7K
Stockholders' Equity
GECC
GECC
LM
LMFA
Q4 25
$30.6M
Q3 25
$50.1M
Q2 25
$31.9M
Q1 25
$132.3M
$31.7M
Q4 24
$136.1M
$37.0M
Q3 24
$125.8M
$30.2M
Q2 24
$126.0M
$32.5M
Q1 24
$118.8M
$38.5M
Total Assets
GECC
GECC
LM
LMFA
Q4 25
$51.3M
Q3 25
$60.2M
Q2 25
$39.0M
Q1 25
$350.8M
$39.1M
Q4 24
$342.0M
$44.0M
Q3 24
$427.0M
$37.9M
Q2 24
$326.5M
$35.1M
Q1 24
$279.1M
$40.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GECC
GECC
LM
LMFA
Operating Cash FlowLast quarter
$-5.9M
$-14.0M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-684.3%
Capex IntensityCapex / Revenue
93.2%
Cash ConversionOCF / Net Profit
-12.96×
TTM Free Cash FlowTrailing 4 quarters
$-25.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GECC
GECC
LM
LMFA
Q4 25
$-14.0M
Q3 25
$-3.1M
Q2 25
$-2.8M
Q1 25
$-5.9M
$-2.9M
Q4 24
$-82.7M
$-11.9M
Q3 24
$-54.4M
$-2.7M
Q2 24
$-34.3M
$-3.0M
Q1 24
$-25.4M
$-3.0M
Free Cash Flow
GECC
GECC
LM
LMFA
Q4 25
$-16.2M
Q3 25
$-3.3M
Q2 25
$-3.0M
Q1 25
$-3.1M
Q4 24
$-13.7M
Q3 24
$-2.7M
Q2 24
$-4.2M
Q1 24
FCF Margin
GECC
GECC
LM
LMFA
Q4 25
-684.3%
Q3 25
-152.1%
Q2 25
-156.7%
Q1 25
-129.4%
Q4 24
-689.0%
Q3 24
-215.3%
Q2 24
-140.9%
Q1 24
Capex Intensity
GECC
GECC
LM
LMFA
Q4 25
93.2%
Q3 25
11.9%
Q2 25
10.7%
Q1 25
7.2%
Q4 24
87.3%
Q3 24
0.1%
Q2 24
40.7%
Q1 24
0.0%
Cash Conversion
GECC
GECC
LM
LMFA
Q4 25
Q3 25
Q2 25
-27.99×
Q1 25
-12.96×
Q4 24
-44.38×
Q3 24
-15.66×
Q2 24
Q1 24
-1.53×

Financial Flow Comparison

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

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