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GCM Grosvenor Inc.（GCMG）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.2倍（$177.1M vs $151.1M），GCM Grosvenor Inc.同比增速更快（7.2% vs 3.6%），GCM Grosvenor Inc.自由现金流更多（$175.0M vs $12.3M），过去两年GCM Grosvenor Inc.的营收复合增速更高（27.5% vs 5.1%）
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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
GCMG vs RGR — 直观对比
营收规模更大
GCMG
是对方的1.2倍
$151.1M
营收增速更快
GCMG
高出3.5%
3.6%
自由现金流更多
GCMG
多$162.7M
$12.3M
两年增速更快
GCMG
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $177.1M | $151.1M |
| 净利润 | $58.2M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | 30.9% | 2.3% |
| 净利率 | 32.8% | — |
| 营收同比 | 7.2% | 3.6% |
| 净利润同比 | 149.2% | — |
| 每股收益（稀释后） | $0.23 | $0.22 |
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GCMGRGR
| Q4 25 | $177.1M | $151.1M | ||
| Q3 25 | $135.0M | $126.8M | ||
| Q2 25 | $119.7M | $132.5M | ||
| Q1 25 | $125.8M | $135.7M | ||
| Q4 24 | $165.3M | $145.8M | ||
| Q3 24 | $122.9M | $122.3M | ||
| Q2 24 | $117.0M | $130.8M | ||
| Q1 24 | $108.9M | $136.8M |
净利润GCMGRGR
| Q4 25 | $58.2M | — | ||
| Q3 25 | $10.5M | $1.6M | ||
| Q2 25 | $15.4M | $-17.2M | ||
| Q1 25 | $463.0K | $7.8M | ||
| Q4 24 | $7.6M | — | ||
| Q3 24 | $4.2M | $4.7M | ||
| Q2 24 | $4.8M | $8.3M | ||
| Q1 24 | $2.1M | $7.1M |
毛利率GCMGRGR
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
营业利润率GCMGRGR
| Q4 25 | 30.9% | 2.3% | ||
| Q3 25 | 32.7% | -2.7% | ||
| Q2 25 | 16.1% | -15.6% | ||
| Q1 25 | 12.2% | 6.2% | ||
| Q4 24 | 26.4% | 7.8% | ||
| Q3 24 | 20.3% | 3.1% | ||
| Q2 24 | 17.8% | 6.9% | ||
| Q1 24 | -14.7% | 5.5% |
净利率GCMGRGR
| Q4 25 | 32.8% | — | ||
| Q3 25 | 7.8% | 1.2% | ||
| Q2 25 | 12.9% | -13.0% | ||
| Q1 25 | 0.4% | 5.7% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.4% | 3.9% | ||
| Q2 24 | 4.1% | 6.3% | ||
| Q1 24 | 2.0% | 5.2% |
每股收益（稀释后）GCMGRGR
| Q4 25 | $0.23 | $0.22 | ||
| Q3 25 | $0.16 | $0.10 | ||
| Q2 25 | $0.05 | $-1.05 | ||
| Q1 25 | $-0.02 | $0.46 | ||
| Q4 24 | $0.09 | $0.62 | ||
| Q3 24 | $0.03 | $0.28 | ||
| Q2 24 | $0.04 | $0.47 | ||
| Q1 24 | $-0.13 | $0.40 |
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 | $92.5M |
| 总债务越低越好 | $428.4M | — |
| 股东权益账面价值 | $27.0M | $283.8M |
| 总资产 | $813.8M | $342.0M |
| 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GCMGRGR
| Q4 25 | $242.1M | $92.5M | ||
| Q3 25 | $182.7M | $80.8M | ||
| Q2 25 | $136.3M | $101.4M | ||
| Q1 25 | $94.5M | $108.3M | ||
| Q4 24 | $89.5M | $105.5M | ||
| Q3 24 | $98.4M | $96.0M | ||
| Q2 24 | $73.9M | $105.6M | ||
| Q1 24 | $41.9M | $115.3M |
总债务GCMGRGR
| 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GCMGRGR
| Q4 25 | $27.0M | $283.8M | ||
| Q3 25 | $-7.4M | $279.6M | ||
| Q2 25 | $-12.3M | $289.3M | ||
| Q1 25 | $-28.3M | $321.5M | ||
| Q4 24 | $-27.6M | $319.6M | ||
| Q3 24 | $-31.9M | $314.9M | ||
| Q2 24 | $-28.5M | $321.5M | ||
| Q1 24 | $-26.4M | $332.0M |
总资产GCMGRGR
| Q4 25 | $813.8M | $342.0M | ||
| Q3 25 | $685.9M | $342.3M | ||
| Q2 25 | $636.9M | $349.5M | ||
| Q1 25 | $579.8M | $379.0M | ||
| Q4 24 | $612.7M | $384.0M | ||
| Q3 24 | $575.0M | $373.5M | ||
| Q2 24 | $543.9M | $376.7M | ||
| Q1 24 | $497.3M | $385.0M |
负债/权益比GCMGRGR
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $12.3M |
| 自由现金流率自由现金流/营收 | 98.8% | 8.2% |
| 资本支出强度资本支出/营收 | 4.8% | 2.1% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流GCMGRGR
| Q4 25 | $183.5M | $15.5M | ||
| Q3 25 | $79.8M | $12.9M | ||
| Q2 25 | $42.0M | $14.7M | ||
| Q1 25 | $33.3M | $11.1M | ||
| Q4 24 | $148.8M | $20.0M | ||
| Q3 24 | $69.0M | $9.4M | ||
| Q2 24 | $17.5M | $18.7M | ||
| Q1 24 | $24.2M | $7.3M |
自由现金流GCMGRGR
| Q4 25 | $175.0M | $12.3M | ||
| Q3 25 | $78.3M | $7.0M | ||
| Q2 25 | $40.8M | $9.1M | ||
| Q1 25 | $32.1M | $10.0M | ||
| Q4 24 | $132.0M | $16.4M | ||
| Q3 24 | $62.2M | $2.6M | ||
| Q2 24 | $12.8M | $10.1M | ||
| Q1 24 | $20.0M | $5.6M |
自由现金流率GCMGRGR
| Q4 25 | 98.8% | 8.2% | ||
| Q3 25 | 58.0% | 5.5% | ||
| Q2 25 | 34.1% | 6.9% | ||
| Q1 25 | 25.5% | 7.4% | ||
| Q4 24 | 79.9% | 11.2% | ||
| Q3 24 | 50.6% | 2.1% | ||
| Q2 24 | 10.9% | 7.7% | ||
| Q1 24 | 18.4% | 4.1% |
资本支出强度GCMGRGR
| Q4 25 | 4.8% | 2.1% | ||
| Q3 25 | 1.1% | 4.6% | ||
| Q2 25 | 1.0% | 4.2% | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 10.1% | 2.5% | ||
| Q3 24 | 5.5% | 5.5% | ||
| Q2 24 | 4.0% | 6.6% | ||
| Q1 24 | 3.9% | 1.3% |
现金转化率GCMGRGR
| Q4 25 | 3.16× | — | ||
| Q3 25 | 7.61× | 8.15× | ||
| Q2 25 | 2.72× | — | ||
| Q1 25 | 71.84× | 1.43× | ||
| Q4 24 | 19.54× | — | ||
| Q3 24 | 16.60× | 1.98× | ||
| Q2 24 | 3.64× | 2.27× | ||
| Q1 24 | 11.40× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
