GCM Grosvenor (GCM Grosvenor) Gross Margin % : 33.58% (As of Mar. 2024)

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What is GCM Grosvenor Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GCM Grosvenor's Gross Profit for the three months ended in Mar. 2024 was $37.5 Mil. GCM Grosvenor's Revenue for the three months ended in Mar. 2024 was $111.7 Mil. Therefore, GCM Grosvenor's Gross Margin % for the quarter that ended in Mar. 2024 was 33.58%.

Warning Sign:

GCM Grosvenor Inc gross margin has been in long-term decline. The average rate of decline per year is -7.4%.

The historical rank and industry rank for GCM Grosvenor's Gross Margin % or its related term are showing as below:

GCMG' s Gross Margin % Range Over the Past 10 Years
Min: 10.31 Med: 40.19 Max: 46
Current: 25.1

During the past 6 years, the highest Gross Margin % of GCM Grosvenor was 46.00%. The lowest was 10.31%. And the median was 40.19%.

GCMG's Gross Margin % is ranked worse than
70.53% of 526 companies
in the Asset Management industry
Industry Median: 51.705 vs GCMG: 25.10

GCM Grosvenor had a gross margin of 33.58% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for GCM Grosvenor was -7.40% per year.

GCM Grosvenor Gross Margin % Historical Data

The historical data trend for GCM Grosvenor's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

GCM Grosvenor Gross Margin % Chart

GCM Grosvenor Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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41.65

10.31

42.20

38.72

21.23

GCM Grosvenor Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial														42.11	-5.70	38.03	32.08	33.58

Competitive Comparison of GCM Grosvenor's Gross Margin %

For the Asset Management subindustry, GCM Grosvenor's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GCM Grosvenor's Gross Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GCM Grosvenor's Gross Margin % distribution charts can be found below:

* The bar in red indicates where GCM Grosvenor's Gross Margin % falls into.

GCM Grosvenor Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

GCM Grosvenor's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	95.9	/	451.987
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(451.987 - 356.044)	/	451.987
	=	21.23 %

GCM Grosvenor's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	37.5	/	111.68
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(111.68 - 74.177)	/	111.68
	=	33.58 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

GCM Grosvenor (NAS:GCMG) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

GCM Grosvenor had a gross margin of 33.58% for the quarter that ended in Mar. 2024 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

GCM Grosvenor Gross Margin % Related Terms

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GCM Grosvenor (GCM Grosvenor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GCM Grosvenor Inc (NAS:GCMG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 North Michigan Avenue, Suite 1100, Chicago, IL, USA, 60611

Website

https://www.gcmgrosvenor.com

GCM Grosvenor Inc is a global alternative asset management firm. It invests on behalf of clients who seek allocations to alternative investments, such as private equity, infrastructure, real estate, credit, ESG and absolute return strategies. The company's offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments. It also offers multi-client portfolios for investors who desire a turn-key solution for accessing alternative investments.

Executives

Pamela L Bentley	officer: Chief Financial Officer	C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004
Sandra Hurse	officer: Chief HR Officer	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Kathleen Patricia Sullivan	officer: M D and Head of Accounting	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Gcm Progress Llc	10 percent owner	C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm Progress Subsidiary Llc	10 percent owner	C/O GCM GROSVENOR, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Cf Finance Holdings Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Stephen Malkin	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Francesca Cornelli	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Angela Blanton	director	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Gcm V, Llc	10 percent owner	C/O GROSVENOR CAPITAL MANAGEMENT, 900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Grosvenor Holdings, L.l.c.	10 percent owner	900 NORTH MICHIGAN AVE, SUITE 1100, CHICAGO IL 60611
Jonathan Reisin Levin	director, officer: President	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Frederick Pollock	officer: Chief Investment Officer	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611
Michael Jay Sacks	director, 10 percent owner, officer: Chief Executive Officer	900 NORTH MICHIGAN AVENUE, SUITE 1100, CHICAGO IL 60611