GCM Grosvenor Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St

February 25, 2025

GCM Grosvenor (NASDAQ:GCMG) Full Year 2024 Results

Key Financial Results

Revenue: US$511.7m (up 15% from FY 2023).
Net income: US$18.7m (up 46% from FY 2023).
Profit margin: 3.7% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$0.42 (up from US$0.30 in FY 2023).

revenue-and-expenses-breakdown — NasdaqGM:GCMG Revenue and Expenses Breakdown February 25th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

GCM Grosvenor Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 67%.

In the last 12 months, the only revenue segment was Asset Management contributing US$511.7m. Notably, cost of sales worth US$336.2m amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$104.3m (67% of total expenses). Explore how GCMG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are up 1.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for GCM Grosvenor (of which 1 shouldn't be ignored!) you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.