vs
GCM Grosvenor Inc.（GCMG）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
GCM Grosvenor Inc.的季度营收约是RESOURCES CONNECTION, INC.的1.5倍（$177.1M vs $117.7M），GCM Grosvenor Inc.净利率更高（32.8% vs -10.8%，领先43.6%），GCM Grosvenor Inc.同比增速更快（7.2% vs -19.2%），GCM Grosvenor Inc.自由现金流更多（$175.0M vs $15.6M），过去两年GCM Grosvenor Inc.的营收复合增速更高（27.5% vs -11.8%）
GCM Grosvenor是美国头部另类资产管理机构，截至2023年资产管理规模约760亿美元，拥有约530名专业人士，为全球机构及个人投资者提供定制化另类投资解决方案，覆盖私募股权、对冲基金、房地产、基础设施等多元资产类别。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
GCMG vs RGP — 直观对比
营收规模更大
GCMG
是对方的1.5倍
$117.7M
营收增速更快
GCMG
高出26.3%
-19.2%
净利率更高
GCMG
高出43.6%
-10.8%
自由现金流更多
GCMG
多$159.5M
$15.6M
两年增速更快
GCMG
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $177.1M | $117.7M |
| 净利润 | $58.2M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | 30.9% | -10.3% |
| 净利率 | 32.8% | -10.8% |
| 营收同比 | 7.2% | -19.2% |
| 净利润同比 | 149.2% | 81.6% |
| 每股收益（稀释后） | $0.23 | $-0.38 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GCMGRGP
| Q4 25 | $177.1M | $117.7M | ||
| Q3 25 | $135.0M | $120.2M | ||
| Q2 25 | $119.7M | $139.3M | ||
| Q1 25 | $125.8M | $129.4M | ||
| Q4 24 | $165.3M | $145.6M | ||
| Q3 24 | $122.9M | $136.9M | ||
| Q2 24 | $117.0M | $148.2M | ||
| Q1 24 | $108.9M | $151.3M |
净利润GCMGRGP
| Q4 25 | $58.2M | $-12.7M | ||
| Q3 25 | $10.5M | $-2.4M | ||
| Q2 25 | $15.4M | $-73.3M | ||
| Q1 25 | $463.0K | $-44.1M | ||
| Q4 24 | $7.6M | $-68.7M | ||
| Q3 24 | $4.2M | $-5.7M | ||
| Q2 24 | $4.8M | $10.5M | ||
| Q1 24 | $2.1M | $2.5M |
毛利率GCMGRGP
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
营业利润率GCMGRGP
| Q4 25 | 30.9% | -10.3% | ||
| Q3 25 | 32.7% | -1.7% | ||
| Q2 25 | 16.1% | -47.0% | ||
| Q1 25 | 12.2% | -38.4% | ||
| Q4 24 | 26.4% | -52.7% | ||
| Q3 24 | 20.3% | -3.5% | ||
| Q2 24 | 17.8% | 7.6% | ||
| Q1 24 | -14.7% | 2.8% |
净利率GCMGRGP
| Q4 25 | 32.8% | -10.8% | ||
| Q3 25 | 7.8% | -2.0% | ||
| Q2 25 | 12.9% | -52.6% | ||
| Q1 25 | 0.4% | -34.0% | ||
| Q4 24 | 4.6% | -47.2% | ||
| Q3 24 | 3.4% | -4.2% | ||
| Q2 24 | 4.1% | 7.1% | ||
| Q1 24 | 2.0% | 1.7% |
每股收益（稀释后）GCMGRGP
| Q4 25 | $0.23 | $-0.38 | ||
| Q3 25 | $0.16 | $-0.07 | ||
| Q2 25 | $0.05 | $-2.21 | ||
| Q1 25 | $-0.02 | $-1.34 | ||
| Q4 24 | $0.09 | $-2.08 | ||
| Q3 24 | $0.03 | $-0.17 | ||
| Q2 24 | $0.04 | $0.31 | ||
| Q1 24 | $-0.13 | $0.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $242.1M | $89.8M |
| 总债务越低越好 | $428.4M | — |
| 股东权益账面价值 | $27.0M | $194.6M |
| 总资产 | $813.8M | $289.3M |
| 负债/权益比越低杠杆越低 | 15.87× | — |
8季度趋势，按日历期对齐
现金及短期投资GCMGRGP
| Q4 25 | $242.1M | $89.8M | ||
| Q3 25 | $182.7M | $77.5M | ||
| Q2 25 | $136.3M | $86.1M | ||
| Q1 25 | $94.5M | $72.5M | ||
| Q4 24 | $89.5M | $78.2M | ||
| Q3 24 | $98.4M | $89.6M | ||
| Q2 24 | $73.9M | $108.9M | ||
| Q1 24 | $41.9M | $113.8M |
总债务GCMGRGP
| 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 | — |
股东权益GCMGRGP
| Q4 25 | $27.0M | $194.6M | ||
| Q3 25 | $-7.4M | $206.4M | ||
| Q2 25 | $-12.3M | $207.1M | ||
| Q1 25 | $-28.3M | $277.8M | ||
| Q4 24 | $-27.6M | $325.7M | ||
| Q3 24 | $-31.9M | $407.2M | ||
| Q2 24 | $-28.5M | $418.8M | ||
| Q1 24 | $-26.4M | $414.9M |
总资产GCMGRGP
| Q4 25 | $813.8M | $289.3M | ||
| Q3 25 | $685.9M | $287.2M | ||
| Q2 25 | $636.9M | $304.7M | ||
| Q1 25 | $579.8M | $375.6M | ||
| Q4 24 | $612.7M | $424.9M | ||
| Q3 24 | $575.0M | $512.9M | ||
| Q2 24 | $543.9M | $510.9M | ||
| Q1 24 | $497.3M | $523.2M |
负债/权益比GCMGRGP
| Q4 25 | 15.87× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $183.5M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $15.6M |
| 自由现金流率自由现金流/营收 | 98.8% | 13.2% |
| 资本支出强度资本支出/营收 | 4.8% | 0.3% |
| 现金转化率经营现金流/净利润 | 3.16× | — |
| 过去12个月自由现金流最近4个季度 | $326.2M | $24.3M |
8季度趋势，按日历期对齐
经营现金流GCMGRGP
| Q4 25 | $183.5M | $15.9M | ||
| Q3 25 | $79.8M | $-7.8M | ||
| Q2 25 | $42.0M | $16.8M | ||
| Q1 25 | $33.3M | $659.0K | ||
| Q4 24 | $148.8M | $1.8M | ||
| Q3 24 | $69.0M | $-309.0K | ||
| Q2 24 | $17.5M | $3.2M | ||
| Q1 24 | $24.2M | $20.5M |
自由现金流GCMGRGP
| Q4 25 | $175.0M | $15.6M | ||
| Q3 25 | $78.3M | $-8.0M | ||
| Q2 25 | $40.8M | $16.5M | ||
| Q1 25 | $32.1M | $238.0K | ||
| Q4 24 | $132.0M | $61.0K | ||
| Q3 24 | $62.2M | $-575.0K | ||
| Q2 24 | $12.8M | $3.0M | ||
| Q1 24 | $20.0M | $20.4M |
自由现金流率GCMGRGP
| Q4 25 | 98.8% | 13.2% | ||
| Q3 25 | 58.0% | -6.6% | ||
| Q2 25 | 34.1% | 11.8% | ||
| Q1 25 | 25.5% | 0.2% | ||
| Q4 24 | 79.9% | 0.0% | ||
| Q3 24 | 50.6% | -0.4% | ||
| Q2 24 | 10.9% | 2.1% | ||
| Q1 24 | 18.4% | 13.5% |
资本支出强度GCMGRGP
| Q4 25 | 4.8% | 0.3% | ||
| Q3 25 | 1.1% | 0.1% | ||
| Q2 25 | 1.0% | 0.2% | ||
| Q1 25 | 0.9% | 0.3% | ||
| Q4 24 | 10.1% | 1.2% | ||
| Q3 24 | 5.5% | 0.2% | ||
| Q2 24 | 4.0% | 0.1% | ||
| Q1 24 | 3.9% | 0.1% |
现金转化率GCMGRGP
| 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× | 0.30× | ||
| Q1 24 | 11.40× | 8.04× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
