NASDAQ$GCMG

Grosvenor Capital Management LP · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported strong Q4 and full year results with significant capital raised and growth in assets under management and revenue.

GCM Grosvenor reported a strong fourth quarter and full year 2021, with $9.4 billion of capital raised, a 16% increase in Assets Under Management, and a 24% increase in revenue for the year. The company's Board of Directors also increased the stock repurchase plan by $20 million.

  • Assets Under Management increased 16% year-over-year to $72.1 billion.
  • Fee-Paying Assets Under Management increased 13% year-over-year to $58.7 billion.
  • Revenue increased 23% year-over-year to $190.6 million.
  • Adjusted Net Income increased 23% year-over-year to $56.8 million.

Headline financials

Total Revenue

$191M

Previous: $155M+22.6%
EPS (adj)

$0.30

Previous: $0.25+20.0%
AUM

$72.1B

Previous: $61.9B+16.5%
Capital Expenditures

$185K

Previous: $143K+29.4%
Free Cash Flow

$33.8M

Previous: $24.9M+35.9%
Net Income

$14.2M

Previous: -$69.4M+120.5%
Operating Income

$66.8M

Previous: -$70.8M+194.3%
Gross Profit

$88.8M

Previous: -$46.5M+290.9%
Cash & Equivalents

$96.2M

Previous: $198M-51.5%
Total Assets

$582M

Previous: $632M-8.0%

Revenue & EPS history

GCM · Revenue · Quarterly

$191M

Q4 2021+22.6%vs Q4 2020
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.6%

Avg return

Earnings day

+1.4%

Avg return

5 days after

-0.7%

Avg return

30 days after

54%

15 / 28 earnings

Positive

+14.1%

Q4 2025

Best reaction

-10.1%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%-0.8%-5.1%
Q4 2025+14.1%+21.6%+5.2%
Q3 2025+1.1%+1.8%-6.2%
Q1 2025-0.1%-0.1%-1.0%
Q4 2024+3.8%+2.1%-5.5%
Q3 2024-5.4%-4.3%+1.6%
Q2 2024-0.5%+2.4%+2.8%
Q1 2024+3.5%-1.8%+1.1%
Q4 2023-4.5%+0.0%-1.0%
Q3 2023+1.7%+1.4%+2.2%
Q2 2023+5.5%+4.9%+1.0%
Q1 2023-6.9%-9.1%-8.7%
Q4 2022-10.1%-8.1%-17.0%
Q3 2022+10.3%+9.5%+7.6%
Q2 2022+2.3%+4.6%-5.4%
Q1 2022-6.2%-5.7%-9.7%
Q4 2021+11.2%+9.4%+14.1%
Q3 2021+2.5%+2.5%-10.3%
Q2 2021+3.5%+10.0%+12.3%
Q1 2021+3.6%+7.3%-13.4%
Q4 2020-5.5%-0.2%-3.2%
Q3 2020-8.3%-9.3%+16.4%
Q2 2020+1.1%+1.6%-0.7%
Q1 2020+0.0%+0.0%+0.6%
Q4 2019+0.1%+0.2%+1.5%
Q3 2019+0.0%+0.0%+0.0%
Q2 2019-0.2%+0.2%+0.2%
Q1 2019-0.1%+0.3%+0.0%

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