GCMG (GCM Grosvenor) Operating Income: $158.0 Mil (TTM As of Mar. 2026)

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GCMG GCM Grosvenor Inc GCMG
65 GF Score
Price $13.56
GF Value $11.40
Valuation Modestly Overvalued
! 6 Warning Signs
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What is GCM Grosvenor Operating Income?

GCM Grosvenor GCMG -1.31% 65 Operating Income is $158.0 Mil as of Mar. 2026. GuruFocus rates GCMG with a GF Score™ of 65/100 and a GF Value™ of $11.40 (Modestly Overvalued). The stock has 6 warning signs investors should review.

GCM Grosvenor's Operating Income for the three months ended in Mar. 2026 was $24.4 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $158.0 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. GCM Grosvenor's Operating Income for the three months ended in Mar. 2026 was $24.4 Mil. GCM Grosvenor's Revenue for the three months ended in Mar. 2026 was $126.8 Mil. Therefore, GCM Grosvenor's Operating Margin % for the quarter that ended in Mar. 2026 was 19.25%.

GCM Grosvenor's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. GCM Grosvenor's annualized ROC % for the quarter that ended in Mar. 2026 was 16.87%. GCM Grosvenor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 117.83%.


GCM Grosvenor  (NAS:GCMG) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

GCM Grosvenor's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=97.612 * ( 1 - 15.02% )/( (517.01 + 466.662)/ 2 )
=82.9506776/491.836
=16.87 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=813.762 - 54.636 - ( 242.116 - max(0, 64.744 - 354.519+242.116))
=517.01

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=688.775 - 97.207 - ( 164.392 - max(0, 97.207 - 222.113+164.392))
=466.662

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

GCM Grosvenor's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=102.972/( ( (69.904 + max(33.053, 0)) + (71.821 + max(-53.32, 0)) )/ 2 )
=102.972/( ( 102.957 + 71.821 )/ 2 )
=102.972/87.389
=117.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(97.797 + 0 + 0) - (54.636 + 10.108 + 0)
=33.053

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(43.887 + 0 + 0) - (97.207 + 0 + 0)
=-53.32

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

GCM Grosvenor's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=24.403/126.784
=19.25 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


GCM Grosvenor Operating Income Related Terms


GCM Grosvenor Operating Income Historical Data

* Premium members only.

The historical data trend for GCM Grosvenor's Operating Income 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.

GCM Grosvenor Operating Income Chart

GCM Grosvenor Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial 161.90 90.42 -0.21 89.07 149.71

GCM Grosvenor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.09 25.03 51.46 57.13 24.40
GCMG
65GF Score
GCM Grosvenor Inc GCMG
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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GCM Grosvenor Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $158.0 Mil.

* 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.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $158.0 Mil mean?
GCM Grosvenor (GCMG) has a Operating Income of $158.0 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GCM Grosvenor and its competitors.
Is GCM Grosvenor's Operating Income too high?
GCM Grosvenor's current Operating Income is $158.0 Mil. Overall, GCM Grosvenor has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GCM Grosvenor's Operating Income compare to ACGP and CGBD?
GCM Grosvenor's Operating Income of $158.0 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Asset Management company?
A good Operating Income depends on the Asset Management industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on GCM Grosvenor and its competitors. GCM Grosvenor's current Operating Income is $158.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCM Grosvenor stock overvalued right now?
Based on GuruFocus' analysis, GCM Grosvenor (GCMG) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.40, compared to a current price of $13.56 — trading 18.9% above its estimated fair value. The current Operating Income is $158.0 Mil. GCM Grosvenor's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For GCM Grosvenor (GCMG), the current Operating Income is $158.0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is GCM Grosvenor (GCMG) Overvalued in 2026?

Based on GuruFocus' analysis, GCM Grosvenor stock appears to be overvalued. The current stock price of $13.56 is trading 18.9% above its estimated GF Value™ of $11.40. GuruFocus considers GCM Grosvenor to be Modestly Overvalued.

Key valuation signals for GCMG:

  • Operating Income: $158.0 Mil
  • GF Value™: $11.40 vs. price of $13.56 (18.9% above fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the GCMG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GCM Grosvenor Business Description

Address 900 North Michigan Avenue, Suite 1100, Chicago, IL, USA, 60611
GCM Grosvenor Inc is a world-wide 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 invests maximum in Private Equity. The company's offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments.
65GF Score

Get the complete analysis for GCMG

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.56
Price
$11.40
GF Value