Tearsheet

GCM Grosvenor (GCMG)


Market Price (6/26/2026): $12.24 | Market Cap: $746.9 MilSector: Financials | Industry: Asset Management & Custody Banks

GCM Grosvenor (GCMG)


Market Price (6/26/2026): $12.24
Market Cap: $746.9 Mil
Sector: Financials
Industry: Asset Management & Custody Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%, FCF Yield is 26%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.

Trading close to highs
Dist 52W High is -3.5%

Key risks
GCMG key risks include [1] adverse market and economic conditions, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.6%, FCF Yield is 26%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%
2 Low stock price volatility
Vol 12M is 32%
3 Megatrend and thematic drivers
Megatrends include Digital & Alternative Assets. Themes include Private Equity, Private Credit, and Venture Capital.
4 Trading close to highs
Dist 52W High is -3.5%
5 Key risks
GCMG key risks include [1] adverse market and economic conditions, Show more.

GCMG in ETFs

Weight = GCMG's share of each fund

VTI0.00%
ITOT0.00%
IWM0.02%
VB0.01%
IWO0.04%
VTWO0.02%
DFAS0.02%
SCHA0.02%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 6/19/2026

GCM Grosvenor (GCMG) stock has gained about 10% since 2/28/2026 because of the following key factors:

1. Robust growth in Assets Under Management (AUM) and strong fundraising momentum. GCM Grosvenor reported its total AUM reached $91 billion as of March 31, 2026 (fiscal Q1 2026), marking a 12% increase year-over-year. Fee-paying AUM also grew by 11% year-over-year to $74 billion. The firm successfully raised $1.5 billion in new commitments during fiscal Q1 2026, contributing to $9.3 billion in fundraising over the preceding year. This growth was notably driven by infrastructure strategies, which accounted for $2.6 billion over the last 12 months, and absolute return strategies, which raised $2 billion.

2. Significant increase in unrealized carried interest. The company's unrealized carried interest surpassed $1 billion in fiscal Q1 2026, a record high for the firm and a 16% increase year-over-year. The firm's share of this unrealized carried interest grew by 23% year-over-year to over $500 million, indicating substantial embedded future earnings potential as underlying investments are realized.

Show more
Updated on 6/19/2026

GCM Grosvenor (GCMG) stock has gained about 10% since 2/28/2026 because of the following key factors:

1. Robust growth in Assets Under Management (AUM) and strong fundraising momentum. GCM Grosvenor reported its total AUM reached $91 billion as of March 31, 2026 (fiscal Q1 2026), marking a 12% increase year-over-year. Fee-paying AUM also grew by 11% year-over-year to $74 billion. The firm successfully raised $1.5 billion in new commitments during fiscal Q1 2026, contributing to $9.3 billion in fundraising over the preceding year. This growth was notably driven by infrastructure strategies, which accounted for $2.6 billion over the last 12 months, and absolute return strategies, which raised $2 billion.

2. Significant increase in unrealized carried interest. The company's unrealized carried interest surpassed $1 billion in fiscal Q1 2026, a record high for the firm and a 16% increase year-over-year. The firm's share of this unrealized carried interest grew by 23% year-over-year to over $500 million, indicating substantial embedded future earnings potential as underlying investments are realized.

3. Positive underlying Fee-Related Earnings (FRE) growth and favorable outlook. While reported Fee-Related Revenue (FRR) and Fee-Related Earnings (FRE) for fiscal Q1 2026 were flat year-over-year due to significant "catch-up fees" in the prior year, when adjusted for these fees, FRR increased by 8% and FRE expanded by 20% year-over-year. Management also provided guidance for high single-digit percentage growth in fee-related revenue for fiscal Q2 2026, suggesting sustained operational strength.

4. Consistent shareholder capital returns and positive analyst sentiment. GCM Grosvenor demonstrated a commitment to shareholder returns by approving a $0.12 per share quarterly dividend for fiscal Q1 2026, payable on June 15, 2026. Additionally, the firm repurchased $18.6 million worth of its shares, totaling 1.6 million shares, under its stock repurchase authorization plan during fiscal Q1 2026. Analysts maintain a "Moderate Buy" consensus rating for GCMG, with an average price target ranging from $14.25 to $15.00, implying a significant upside potential of over 30% from current levels.

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Stock Movement Drivers

Fundamental Drivers

The 8.1% change in GCMG stock from 2/28/2026 to 6/25/2026 was primarily driven by a 10.7% change in the company's Net Income Margin (%).
(LTM values as of)22820266252026Change
Stock Price ($)11.3312.258.1%
Change Contribution By: 
Total Revenues ($ Mil)5665670.3%
Net Income Margin (%)8.0%8.9%10.7%
P/E Multiple14.314.83.4%
Shares Outstanding (Mil)5761-5.9%
Cumulative Contribution8.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/25/2026
ReturnCorrelation
GCMG8.1% 
Market (SPY)7.3%46.1%
Sector (XLF)4.5%58.1%

Fundamental Drivers

The 15.3% change in GCMG stock from 11/30/2025 to 6/25/2026 was primarily driven by a 45.7% change in the company's Net Income Margin (%).
(LTM values as of)113020256252026Change
Stock Price ($)10.6312.2515.3%
Change Contribution By: 
Total Revenues ($ Mil)5585671.7%
Net Income Margin (%)6.1%8.9%45.7%
P/E Multiple16.714.8-11.4%
Shares Outstanding (Mil)5461-12.2%
Cumulative Contribution15.3%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/25/2026
ReturnCorrelation
GCMG15.3% 
Market (SPY)8.1%36.6%
Sector (XLF)1.1%41.9%

Fundamental Drivers

The 2.1% change in GCMG stock from 5/31/2025 to 6/25/2026 was primarily driven by a 180.0% change in the company's Net Income Margin (%).
(LTM values as of)53120256252026Change
Stock Price ($)11.9912.252.1%
Change Contribution By: 
Total Revenues ($ Mil)5375675.6%
Net Income Margin (%)3.2%8.9%180.0%
P/E Multiple32.114.8-53.8%
Shares Outstanding (Mil)4661-25.2%
Cumulative Contribution2.1%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/25/2026
ReturnCorrelation
GCMG2.1% 
Market (SPY)26.0%34.5%
Sector (XLF)6.5%40.0%

Fundamental Drivers

The 101.9% change in GCMG stock from 5/31/2023 to 6/25/2026 was primarily driven by a 183.1% change in the company's Net Income Margin (%).
(LTM values as of)53120236252026Change
Stock Price ($)6.0712.25101.9%
Change Contribution By: 
Total Revenues ($ Mil)44256728.3%
Net Income Margin (%)3.1%8.9%183.1%
P/E Multiple18.514.8-20.0%
Shares Outstanding (Mil)4261-30.6%
Cumulative Contribution101.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/25/2026
ReturnCorrelation
GCMG101.9% 
Market (SPY)82.6%37.3%
Sector (XLF)76.6%40.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
GCMG Return-19%-24%25%43%-4%11%16%
Peers Return80%-29%67%55%-4%-25%141%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
GCMG Win Rate33%58%67%50%50%50% 
Peers Win Rate72%42%67%73%52%33% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
GCMG Max Drawdown-27%-39%-26%-8%-26%-21% 
Peers Max Drawdown-16%-42%-22%-17%-39%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BX, KKR, APO, ARES, CG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/25/2026 (YTD)

How Low Can It Go

EventGCMGS&P 500
2023 SVB Regional Banking Crisis
  % Loss-26.0%-6.7%
  % Gain to Breakeven35.2%7.1%
  Time to Breakeven211 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-37.3%-24.5%
  % Gain to Breakeven59.6%32.4%
  Time to Breakeven651 days427 days

Compare to BX, KKR, APO, ARES, CG

In The Past

GCM Grosvenor's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventGCMGS&P 500
2023 SVB Regional Banking Crisis
  % Loss-26.0%-6.7%
  % Gain to Breakeven35.2%7.1%
  Time to Breakeven211 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-37.3%-24.5%
  % Gain to Breakeven59.6%32.4%
  Time to Breakeven651 days427 days

Compare to BX, KKR, APO, ARES, CG

In The Past

GCM Grosvenor's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About GCM Grosvenor (GCMG)

GCM Grosvenor (GCMG) is a global alternative asset management firm that designs and manages diversified investment solutions. The company primarily invests in equity and alternative markets, both within the United States and internationally, employing a blend of fundamental and quantitative analysis across its portfolios.

The firm specializes in a broad spectrum of alternative asset classes, including hedge funds, private equity, real estate, infrastructure, and various credit and absolute return strategies. GCM Grosvenor constructs portfolios across mandates such as multi-strategy, credit-focused, equity-focused, macro-focused, and commodity-focused approaches. Within private equity, its offerings include primary fund investments, secondary fund investments, and co-investments, often targeting buyouts, distressed debt, mezzanine financing, and venture capital/growth equity opportunities.

GCM Grosvenor's primary clients are pooled investment vehicles, though it also serves investment companies, high net worth individuals, pension and profit-sharing plans, and state or municipal government entities. While its investment activities are global, the firm also seeks regionally-focused opportunities, particularly in middle-market buyouts within Ohio and the Midwest, with an interest in sectors like aerospace and defense, advanced electronics, information technology, biosciences, and advanced materials.

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GCM Grosvenor is like a **BlackRock for alternative investments, specializing in building diversified portfolios across hedge funds, private equity, and real estate for large institutions.**

Think of it as an **'Amazon for alternative investments', curating and providing access to a wide array of private equity funds, hedge funds, and other complex strategies for institutional clients.**

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  • Hedge Fund Solutions: Provides investment management and advisory services across various hedge fund strategies, including multi-strategy, credit, equity, macro, and commodity-focused portfolios.
  • Private Equity Investments: Manages investments through primary, secondary, and co-investment strategies across buyouts, distressed debt, mezzanine, and venture capital/growth equity.
  • Real Estate and Infrastructure Investments: Offers investment opportunities and management in real estate and infrastructure asset classes.
  • Credit and Absolute Return Strategies: Focuses on managing portfolios that emphasize credit-based investments and strategies designed to generate absolute returns.

AI Analysis | Feedback

GCM Grosvenor (GCMG) primarily serves a diverse range of institutional and individual investors by managing their capital across various alternative investment strategies. Based on the company description, its major customer categories include:

  • Institutional Investors: This category encompasses entities such as pension and profit sharing plans, as well as state or municipal government entities.
  • Pooled Investment Vehicles and Investment Companies: GCM Grosvenor provides services to and invests on behalf of various pooled investment vehicles and other investment companies.
  • High Net Worth Individuals: The firm also serves wealthy private clients directly.

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Michael J. Sacks, Chief Executive Officer

Mr. Sacks is GCM Grosvenor's Board Chairman and Chief Executive Officer. He joined GCM Grosvenor in 1990 and was named CEO in 1994, leading the firm's significant growth into one of the largest independent open-architecture alternative asset management platforms. Prior to joining Grosvenor, he was associated with Harris Associates L.P. He holds a B.S. in Economics from Tulane, a general course certificate from the London School of Economics, an MBA from Northwestern's Kellogg School, and a JD from Northwestern Pritzker School of Law. Mr. Sacks also serves as the Vice Chairman of World Business Chicago.

Pamela Bentley, Chief Financial Officer

Ms. Bentley assumed the role of Chief Financial Officer effective January 1, 2021, after joining the firm as Managing Director of Finance in October. She brings over 25 years of financial and accounting experience to GCM Grosvenor. Before joining GCM Grosvenor, she spent 15 years with The Carlyle Group, a global investment firm, where she served as Chief Accounting Officer and Managing Director. Her experience also includes senior finance roles at Transaction Network Services and work at Arthur Andersen.

Jonathan R. Levin, President

Mr. Levin joined GCM Grosvenor in 2011, became its President in 2017, and has been a member of its Board since November 2020. Previously, Mr. Levin was the Treasurer and Head of Investor Relations at Kohlberg Kravis Roberts & Co. ("KKR") from 2004 to 2011, where he managed KKR's balance sheet investments, engaged with public investors and industry analysts, and led strategic projects. He also worked in KKR's private equity business, focusing on financial services investments, and began his career as an Analyst in the private equity group of Bear Stearns.

Frederick Pollock, Chief Investment Officer

Mr. Pollock is GCM Grosvenor's Chief Investment Officer and is responsible for managing all investment-related activities. He is also a leader in co-investment and direct investing within credit strategies and serves on all of the firm's Investment Committees. Before joining GCM Grosvenor, he held various roles at Morgan Stanley, most recently within its merchant banking division, specializing in infrastructure investing, where he helped form the infrastructure investment group and structured and raised capital for its initial funds. Prior to Morgan Stanley, he worked at Deutsche Bank, making investments for the firm and clients. He also serves as a Portfolio Manager at Pengana Private Equity Trust.

Eric Levin, Chief Technology Officer

Mr. Levin serves as GCM Grosvenor's Chief Technology Officer, overseeing the strategic implementation of technology and information systems for the firm. Before joining GCM Grosvenor, he spent 13 years at PEAK6 Investments, where his most recent role was Chief Information Officer of Apex Clearing, PEAK6's clearing, custody, and execution business.

AI Analysis | Feedback

GCM Grosvenor (GCMG) faces several key risks inherent to the alternative asset management industry, with particular emphasis on its client base and competitive landscape.

  1. Concentration in Public Pension Fund Clients: A material business risk for GCM Grosvenor is its significant concentration in public pension fund clients, which constituted 65% of its assets under management (AUM) as of late 2025. This reliance exposes the firm to potential vulnerabilities arising from state-level political shifts and regulatory reviews. Changes in local investment boards can lead to large mandates being put under review, creating a higher churn risk compared to a more diversified client mix.
  2. Dependence on Investment Performance and Market Conditions: The success and growth of GCM Grosvenor's business are highly dependent on the investment performance of its funds. Poor performance, or a decline in AUM driven by general market and economic conditions, can lead to a reduction in management fees and incentive fees, significantly impacting the firm's revenues and cash flows. A muted investment environment, as indicated by reduced net incentive fees, poses ongoing challenges to revenue generation and could result in investment losses.
  3. Intense Competition and Fee Pressure: The alternative asset management industry is highly competitive. Large alternative asset managers are increasingly expanding their offerings into mid-market and customized solutions, directly overlapping with GCM Grosvenor's client focus. These larger firms often benefit from scale-driven cost advantages, enabling them to offer lower fee structures. This competitive compression contributes to ongoing pressure on management fees, potentially affecting GCM Grosvenor's financial performance.

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GCM Grosvenor (symbol: GCMG) operates within the global alternative asset management market, providing solutions across various strategies including private equity, hedge funds (absolute return), real estate, infrastructure, and credit. The addressable markets for these main products and services are substantial on a global scale. The global alternative asset management market, encompassing private equity, private credit, infrastructure, real estate, hedge funds, and natural resources, is projected to reach approximately $29.2 trillion by the end of 2029 and is expected to surge past $30 trillion by 2030, with some estimates putting it at $32 trillion by 2030. This represents significant growth from $17.6 trillion by mid-2024 and $16.78 trillion at the end of 2023. Specifically, for GCM Grosvenor's key investment areas:
  • Private Equity: The global private equity market was valued at $6,749.85 billion in 2025 and is projected to grow to $20,242.70 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 13.2% during the forecast period. Other estimates suggest the market size was $19.96 trillion in 2026 and is expected to reach $37.85 trillion by 2031. Private equity assets are expected to reach $12 trillion in 2029, up from $5.8 trillion at the end of 2023, making it the largest component of the global alternatives market. North America held the dominant share in the private equity market, valued at $3,260.08 billion in 2025.
  • Hedge Funds (Absolute Return Strategies): The total global hedge fund industry capital surpassed $5 trillion for the first time in 4Q25, reaching a record $5.15 trillion. The global hedge fund industry is projected to reach $5.73 trillion by 2029, from $4.53 trillion in 2023, and is on track to top $5.5 trillion by 2030.
  • Real Estate: Private real estate assets under management (AUM) are forecast to reach $2.66 trillion by 2029, up from $1.61 trillion in 2023. Global real estate deal value reached $873 billion in 2025, a 12% increase year-over-year.
  • Infrastructure: Global infrastructure funds' assets under management surged to a record high of $1.35 trillion as of December 2025, more than doubling since 2020. This is predicted to grow by approximately 70% to $2.3 trillion by 2030. Private infrastructure AUM is projected to grow from $1.27 trillion in 2023 to $2.35 trillion by 2029. North America accounts for just under half (47%) of the underlying assets in infrastructure funds.
  • Credit Strategies (Private Credit): Private credit experienced a notable upswing, with global fundraising reaching $59 billion in the first quarter of 2025. Private credit strategies are projected to reach $4.5 trillion by 2030.

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GCM Grosvenor (GCMG) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
  • Expansion into the Individual Investor Channel: The firm is strategically broadening its client base beyond traditional institutional investors by targeting individual investors. This includes a March 2025 joint venture with Grove Lane Partners aimed at distributing institutional-quality alternative investments to a wider audience, such as registered investment advisors and family offices. GCM Grosvenor also launched an infrastructure interval fund in 2025 and has filed registration documents for another, specifically to access non-accredited investors. This push has already shown results, with individual investor channel Assets Under Management (AUM) increasing 18% year-over-year in 2025.
  • Growth in Private Markets, with a Focus on Direct-Oriented Strategies, Private Credit, and Infrastructure: GCM Grosvenor is actively shifting its investment portfolio towards higher-margin private markets and direct-oriented strategies. The company is prioritizing expansion in private credit and infrastructure as core areas for growth, capitalizing on increasing demand for these alternative asset classes. Private Markets AUM grew to 71% of total AUM in 2025, up from 59% in 2020, while direct-oriented strategies within private markets expanded from 39% to 54% of private markets AUM over the same period. Infrastructure and credit were leading drivers of fundraising growth in the twelve months ending November 2025.
  • Conversion of Contracted Not-Yet-Fee-Paying AUM: A significant indicator of future revenue growth for GCM Grosvenor is its "contracted not-yet-fee-paying AUM," which represents committed investor capital that has not yet been deployed or started earning management fees. In the third quarter of 2025, this segment grew 17% year-over-year to $9.2 billion, providing a solid foundation for future fee-related revenue as these commitments are activated.
  • Strategic Product Development and Scaling Core Capabilities: The firm continues to launch new products and initiatives designed to expand its offerings and enhance its platform. This includes the "Elevate" strategy, launched in early 2023, which has become the largest debut private equity seeding fund of its kind. GCM Grosvenor has also launched 11 new white-labeled wealth channel solutions over the past two years, raising nearly $1 billion. Additionally, the company benefits from strong client retention, evidenced by a private markets re-up rate of approximately 90%, and is focused on deepening existing relationships, with about 55% of its top clients invested in more than one vertical.

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Share Repurchases

  • GCM Grosvenor's Board of Directors increased its stock repurchase authorization to $255 million in February 2026.
  • The company repurchased $30.7 million of Class A common stock.
  • The share repurchase plan allows for the repurchase of outstanding Class A common stock and warrants, and can also be used to reduce Class A shares issued to employees for tax obligations.

Outbound Investments

  • In February 2026, GCM Grosvenor raised a $625 million structured solution specifically to invest in credit.
  • The firm backed the launch of Torch Key Asset Management in March 2026.
  • GCM Grosvenor formed a long-term strategic partnership with Portal Warehousing in March 2026 to launch a micro-bay industrial property venture.

Capital Expenditures

  • Capital expenditures for GCM Grosvenor in recent periods included figures such as $0.87 million, $4.00 million, $1.31 million, $0.58 million, and $0.78 million.

Better Bets vs. GCM Grosvenor (GCMG)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
Mkt Price12.25114.1892.65121.51112.4741.90102.56
Mkt Cap0.789.782.672.325.215.148.7
Rev LTM56712,58619,20831,5585,9092,8999,248
Op Inc LTM158-4907,5191,046-768
FCF LTM1914,4253177,8541,613-4,277965
FCF 3Y Avg1494,1581,7415,7901,762-1,7401,752
CFO LTM2024,5454787,8541,679-4,1661,079
CFO 3Y Avg1604,2801,8785,7901,841-1,6531,860

Growth & Margins

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
Rev Chg LTM5.6%17.5%-11.2%28.1%38.5%-16.5%11.6%
Rev Chg 3Y Avg8.8%44.0%65.2%41.0%23.8%32.7%36.8%
Rev Chg Q1.3%6.2%77.6%-9.0%28.3%-47.1%3.8%
QoQ Delta Rev Chg LTM0.3%1.4%14.9%-1.6%5.5%-9.8%0.9%
Op Inc Chg LTM36.9%--47.1%1.3%22.8%-12.1%
Op Inc Chg 3Y Avg990.1%-228.0%360.6%46.0%-294.3%
Op Mgn LTM27.9%-2.6%23.8%17.7%-20.8%
Op Mgn 3Y Avg16.2%-7.3%24.4%20.3%-18.2%
QoQ Delta Op Mgn LTM1.4%-0.0%-1.9%1.8%-0.7%
CFO/Rev LTM35.6%36.1%2.5%24.9%28.4%-143.7%26.7%
CFO/Rev 3Y Avg30.5%41.1%7.6%19.1%39.1%-49.2%24.8%
FCF/Rev LTM33.6%35.2%1.7%24.9%27.3%-147.5%26.1%
FCF/Rev 3Y Avg28.4%39.9%6.8%19.1%37.3%-53.0%23.8%

Valuation

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
Mkt Cap0.789.782.672.325.215.148.7
P/S1.37.14.32.34.35.24.3
P/Op Inc4.7-168.59.624.1-16.8
P/EBIT3.8-8.111.711.3-9.7
P/E14.829.434.863.240.527.532.1
P/CFO3.719.7172.99.215.0-3.612.1
Total Yield8.7%10.2%3.7%3.3%9.8%7.0%7.9%
Dividend Yield2.0%6.8%0.8%1.7%7.3%3.4%2.7%
FCF Yield 3Y Avg27.5%4.2%1.6%8.4%6.1%-10.3%5.2%
D/E0.60.20.70.20.61.00.6
Net D/E0.30.1-0.9-3.30.50.80.2

Returns

GCMGBXKKRAPOARESCGMedian
NameGCM Gros.Blacksto.KKR Apollo G.Ares Man.Carlyle  
1M Rtn13.8%-3.3%-2.5%-6.5%-9.3%-8.2%-4.9%
3M Rtn28.4%5.1%3.2%10.9%5.3%-9.8%5.2%
6M Rtn8.6%-25.1%-28.9%-17.7%-31.9%-30.3%-27.0%
12M Rtn10.9%-17.6%-27.6%-10.4%-30.9%-12.5%-15.0%
3Y Rtn88.0%41.1%78.2%72.9%34.2%51.3%62.1%
1M Excs Rtn15.9%-1.2%-0.3%-4.3%-7.2%-6.1%-2.8%
3M Excs Rtn15.5%-5.3%-7.2%-0.5%-4.9%-21.8%-5.1%
6M Excs Rtn2.6%-32.2%-36.2%-24.7%-39.3%-38.1%-34.2%
12M Excs Rtn-9.8%-38.6%-47.8%-32.5%-52.1%-33.2%-35.9%
3Y Excs Rtn27.2%-29.4%-0.6%-0.9%-35.8%-21.0%-10.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment558514   
Incentive fees  6575174
Management fees  375367351
Other operating income  547
Total558514445447532


Net Income by Segment
$ Mil20252024
Single Segment14237
Total14237


Price Behavior

Price Behavior
Market Price$12.25 
Market Cap ($ Bil)0.7 
First Trading Date02/05/2019 
Distance from 52W High-3.5% 
   50 Days200 Days
DMA Price$10.96$11.03
DMA Trenddownup
Distance from DMA11.7%11.0%
 3M1YR
Volatility34.4%32.5%
Downside Capture44.5688.54
Upside Capture112.0079.87
Correlation (SPY)37.2%34.5%
GCMG Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.541.921.571.351.000.65
Up Beta0.622.511.441.140.870.49
Down Beta3.232.312.262.211.450.75
Up Capture62%96%98%97%55%43%
Bmk +ve Days13283667141432
Stock +ve Days9182761113373
Down Capture269%229%184%127%111%87%
Bmk -ve Days7132757109318
Stock -ve Days10213459125343

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GCMG
GCMG11.1%32.4%0.35-
Sector ETF (XLF)4.9%14.5%0.1140.3%
Equity (SPY)22.1%12.4%1.3334.5%
Gold (GLD)20.8%27.7%0.676.8%
Commodities (DBC)23.3%18.5%0.99-19.7%
Real Estate (VNQ)11.6%13.8%0.5535.0%
Bitcoin (BTCUSD)-42.9%42.5%-1.2024.4%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GCMG
GCMG8.5%26.9%0.30-
Sector ETF (XLF)10.1%18.6%0.4143.5%
Equity (SPY)13.3%17.1%0.6042.4%
Gold (GLD)17.4%18.3%0.776.0%
Commodities (DBC)7.9%19.5%0.302.1%
Real Estate (VNQ)2.8%18.9%0.0538.3%
Bitcoin (BTCUSD)9.8%54.1%0.3816.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with GCMG
GCMG4.7%25.9%0.26-
Sector ETF (XLF)13.3%22.1%0.5528.3%
Equity (SPY)15.3%18.0%0.7330.0%
Gold (GLD)11.6%16.1%0.595.6%
Commodities (DBC)5.9%18.0%0.253.2%
Real Estate (VNQ)5.5%20.7%0.2326.3%
Bitcoin (BTCUSD)56.4%66.5%0.9711.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity1.6 Mil
Short Interest: % Change Since 53120262.1%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity61.0 Mil
Short % of Basic Shares2.6%

Earnings Returns History

Updated 6/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-1.1%-3.6%-4.0%
2/10/202614.1%18.3%16.2%
11/5/20251.2%1.3%-5.1%
8/7/20252.0%10.5%9.4%
5/7/20250.0%-0.6%-0.7%
2/10/20253.8%2.1%-6.0%
11/8/2024-2.3%-4.4%1.1%
8/8/2024-1.2%3.2%3.8%
...
SUMMARY STATS   
# Positive121312
# Negative111011
Median Positive2.1%4.6%6.1%
Median Negative-2.1%-4.3%-6.0%
Max Positive14.1%18.3%16.4%
Max Negative-5.6%-11.9%-17.0%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/2026-1.1%-3.6%-4.0%
2/10/202614.1%18.3%16.2%
11/5/20251.2%1.3%-5.1%
8/7/20252.0%10.5%9.4%
5/7/20250.0%-0.6%-0.7%
2/10/20253.8%2.1%-6.0%
11/8/2024-2.3%-4.4%1.1%
8/8/2024-1.2%3.2%3.8%
5/7/20240.2%-2.6%3.8%
2/13/2024-2.1%-4.2%0.2%
11/8/20232.1%4.6%2.4%
8/9/20232.6%2.4%0.8%
5/10/2023-3.5%-10.7%-6.7%
2/14/2023-4.8%-11.4%-17.0%
11/9/20224.4%10.1%8.3%
8/9/2022-1.9%3.7%-4.3%
5/10/2022-0.3%-6.8%-9.2%
2/15/20227.5%10.0%14.6%
11/10/20212.0%0.7%-8.2%
8/10/2021-0.3%10.0%12.1%
5/13/20211.9%7.7%-12.8%
2/25/2021-5.6%-0.5%-5.3%
11/19/2020-2.8%-11.9%16.4%
SUMMARY STATS   
# Positive121312
# Negative111011
Median Positive2.1%4.6%6.1%
Median Negative-2.1%-4.3%-6.0%
Max Positive14.1%18.3%16.4%
Max Negative-5.6%-11.9%-17.0%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/19/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/08/202410-Q
12/31/202303/01/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202202/23/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/19/202610-K
09/30/202511/05/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/21/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/08/202410-Q
12/31/202303/01/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202202/23/202310-K
09/30/202211/09/202210-Q
06/30/202208/09/202210-Q
03/31/202205/10/202210-Q
12/31/202102/25/202210-K
09/30/202111/12/202110-Q
06/30/202108/12/202110-Q
03/31/202105/14/202110-Q
12/31/202003/12/202110-K
09/30/202011/20/202010-Q
12/31/201805/10/202110-K/A

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Dividends 0.12 0 AffirmedActual: 0.12 for Q1 2026

Prior: Q4 2025 Earnings Reported 2/10/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Dividends 0.12 0 Same NewActual: 0.12 for Q4 2025
2026 Share Repurchases 255.00 Mil 15.9% RaisedGuidance: 220.00 Mil for 2026

Insider Activity

Updated 6/3/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Blanton, Angela DirectSell227202611.731,90622,359536,081Form
2Blanton, Angela DirectSell227202611.8839,278466,458565,347Form
3Bentley, Pamela LChief Financial OfficerDirectSell1218202511.6240,000464,97638,465Form
4Bentley, Pamela LChief Financial OfficerDirectSell1218202511.6140,000464,432502,852Form
5Lutnick, Howard WSee FootnotesSell100620250.006,451,535  Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Blanton, Angela DirectSell227202611.731,90622,359536,081Form
2Blanton, Angela DirectSell227202611.8839,278466,458565,347Form
3Bentley, Pamela LChief Financial OfficerDirectSell1218202511.6240,000464,97638,465Form
4Bentley, Pamela LChief Financial OfficerDirectSell1218202511.6140,000464,432502,852Form
5Lutnick, Howard WSee FootnotesSell100620250.006,451,535  Form
6Sullivan, Kathleen PatriciaPrincipal Accounting OfficerDirectSell813202513.026,00078,124783,775Form
7Blanton, Angela DirectSell603202512.6513,902  Form
Core Cache Last Updated: 6/25/2026