GCM Grosvenor Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	549.29	507.89	440.35	442.41	525.07
Other Revenue	5.07	3.85	3.57	3.18	5.11
Revenue	554.36	511.74	443.92	445.59	530.18
Revenue Growth (YoY)	8.33%	15.28%	-0.38%	-15.95%	23.54%
Cost of Revenue	319.33	336.24	356.04	277.31	333.84
Gross Profit	235.03	175.5	87.87	168.28	196.34
Selling, General & Admin	104.78	104.3	100.8	88.91	88.35
Other Operating Expenses	-3.2	-2.28	-1.08	-0.94	-1.41
Operating Expenses	101.58	102.02	99.72	87.97	86.94
Operating Income	133.45	73.48	-11.85	80.31	109.4
Interest Expense	-22.79	-24.16	-23.75	-23.31	-20.08
Interest & Investment Income	21.21	18.28	13.66	10.9	52.5
Other Non Operating Income (Expenses)	23.07	-17.24	0.42	21.2	11.92
EBT Excluding Unusual Items	154.94	50.36	-21.51	89.09	153.74
Other Unusual Items	-	-0.2	-	-	-0.68
Pretax Income	154.94	50.16	-21.51	89.09	153.06
Income Tax Expense	12.9	13.56	7.69	9.61	10.99
Earnings From Continuing Operations	142.04	36.6	-29.21	79.48	142.07
Minority Interest in Earnings	-96.67	-17.91	41.98	-59.66	-120.59
Net Income	45.37	18.7	12.77	19.82	21.48
Net Income to Common	45.37	18.7	12.77	19.82	21.48
Net Income Growth	142.69%	46.35%	-35.55%	-7.74%	430.55%
Shares Outstanding (Basic)	52	45	43	44	44
Shares Outstanding (Diluted)	197	191	187	189	189
Shares Change (YoY)	3.52%	1.68%	-0.60%	-0.26%	2.63%
EPS (Basic)	0.87	0.42	0.30	0.45	0.49
EPS (Diluted)	0.42	0.03	-0.28	0.28	0.28
EPS Growth	1114.41%	-	-	-0.11%	-
Free Cash Flow	175.04	132.05	88.3	215.73	178.23
Free Cash Flow Per Share	0.89	0.69	0.47	1.14	0.94
Dividend Per Share	0.460	0.440	0.440	0.420	0.370
Dividend Growth	4.54%	-	4.76%	13.51%	516.67%
Gross Margin	42.40%	34.29%	19.79%	37.77%	37.03%
Operating Margin	24.07%	14.36%	-2.67%	18.02%	20.64%
Profit Margin	8.18%	3.65%	2.88%	4.45%	4.05%
Free Cash Flow Margin	31.57%	25.80%	19.89%	48.41%	33.62%
EBITDA	137.88	76.8	-9.15	84.17	113.42
EBITDA Margin	24.87%	15.01%	-2.06%	18.89%	21.39%
D&A For EBITDA	4.42	3.32	2.7	3.86	4.02
EBIT	133.45	73.48	-11.85	80.31	109.4
EBIT Margin	24.07%	14.36%	-2.67%	18.02%	20.64%
Effective Tax Rate	8.33%	27.03%	-	10.79%	7.18%
Revenue as Reported	557.57	514.01	445	446.53	531.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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