GCM Grosvenor Inc. Class A Common Stock (GCMG)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach GCM Grosvenor as an alternative asset manager with institutional clients, but I see no wide moat in the numbers. It serves pensions, governments, and wealthy investors, and scale and relationships can help, but the filed record is uneven. FY2025 revenue was $557.6M versus $514.0M in FY2024, and net income was $45.4M versus $18.7M. In fiscal Q2 2026 (quarter ended 2026-06-30), revenue was $134.3M, net income $9.6M, and diluted EPS $0.12; in fiscal Q2 2025 (quarter ended 2025-06-30), revenue was $119.7M and net income $15.4M. So the top line is progressing, but profit quality is uneven. Financial health is the rub: debt-to-equity is 3.40, Altman Z-Score 1.28, and P/B is 31.32, while ROE 300.39% reflects a very thin equity base. At $12.84 on 2026-10-13, FairStock's P/E is 24.69, Graham Number is $2.19, and margin of safety is -486.30%; the price is not cheap on book or Graham terms. The redeeming feature is cash generation: TTM FCF of $186.3M gives a 28.4% FCF yield, and EV/EBITDA is 4.79. Still, I want a larger margin of safety before calling this a bargain. The Lynch category is STALWART, steady growth, but profit has been volatile.

In plain English: GCM Grosvenor manages alternative investments for pensions, governments, and wealthy clients. The business looks mixed: revenue is rising, but profit in the latest comparable quarter fell and debt is high. At $12.84, the shares look expensive compared with the company's accounting value and earnings, even though it generates a lot of cash.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer