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Side-by-side financial comparison of Great Elm Capital Corp. (GECC) and Blue Owl Technology Finance Corp. (OTF). 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 $720.0K, roughly 17.4× Blue Owl Technology Finance Corp.). Blue Owl Technology Finance Corp. runs the higher net margin — 28585.7% vs 3.6%, a 28582.1% gap on every dollar of revenue.
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.
Blue Owl Technology Finance Corp is a specialized non-bank financial services provider that offers custom debt financing solutions primarily to venture-backed growth-stage technology companies. Its core offerings include venture debt, growth capital loans, and structured financing, serving clients across SaaS, fintech, healthcare technology and other high-growth sectors mainly in North America.
GECC vs OTF — Head-to-Head
Income Statement — Q1 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $12.5M | $720.0K |
| Net Profit | $453.0K | $205.8M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 3.6% | 28585.7% |
| Revenue YoY | 40.3% | — |
| Net Profit YoY | 198.9% | 104.4% |
| 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.
| Q4 25 | — | $720.0K | ||
| Q3 25 | — | $432.0K | ||
| Q2 25 | — | $138.0K | ||
| Q1 25 | $12.5M | $55.0K | ||
| Q4 24 | $9.1M | — | ||
| Q3 24 | $11.7M | — | ||
| Q2 24 | $9.5M | — | ||
| Q1 24 | $8.9M | — |
| Q4 25 | — | $205.8M | ||
| Q3 25 | — | $234.9M | ||
| Q2 25 | — | $201.5M | ||
| Q1 25 | $453.0K | $78.1M | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $3.5M | — | ||
| Q2 24 | $-1.3M | — | ||
| Q1 24 | $-458.0K | — |
| Q4 25 | — | 28585.7% | ||
| Q3 25 | — | 54383.1% | ||
| Q2 25 | — | 146005.1% | ||
| Q1 25 | 3.6% | 142058.2% | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | -13.9% | — | ||
| Q1 24 | -5.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $0.50 | ||
| Q2 25 | — | $0.43 | ||
| Q1 25 | $0.04 | $0.33 | ||
| Q4 24 | $0.22 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $-0.14 | — | ||
| Q1 24 | $-0.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3M | — |
| Total DebtLower is stronger | — | $6.3B |
| Stockholders' EquityBook value | $132.3M | $8.0B |
| Total Assets | $350.8M | $14.7B |
| Debt / EquityLower = less leverage | — | 0.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $305.0K | — | ||
| Q2 24 | $2.6M | — | ||
| Q1 24 | $334.0K | — |
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $8.0B | ||
| Q3 25 | — | $8.1B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | $132.3M | $7.9B | ||
| Q4 24 | $136.1M | — | ||
| Q3 24 | $125.8M | — | ||
| Q2 24 | $126.0M | — | ||
| Q1 24 | $118.8M | — |
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $13.4B | ||
| Q2 25 | — | $13.0B | ||
| Q1 25 | $350.8M | $13.2B | ||
| Q4 24 | $342.0M | — | ||
| Q3 24 | $427.0M | — | ||
| Q2 24 | $326.5M | — | ||
| Q1 24 | $279.1M | — |
| Q4 25 | — | 0.78× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| 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 | $-5.9M | $-1.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -12.96× | -5.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.2B | ||
| Q3 25 | — | $158.7M | ||
| Q2 25 | — | $-410.2M | ||
| Q1 25 | $-5.9M | $542.2M | ||
| Q4 24 | $31.4M | — | ||
| Q3 24 | $-54.4M | — | ||
| Q2 24 | $-34.3M | — | ||
| Q1 24 | $-25.4M | — |
| Q4 25 | — | -5.86× | ||
| Q3 25 | — | 0.68× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | -12.96× | 6.94× | ||
| Q4 24 | 16.87× | — | ||
| Q3 24 | -15.66× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
