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Cohen & Steers vs GCM Grosvenor: CNS and GCMG compared
Cohen & Steers is the larger company: $157M of revenue in its latest quarter (Q3 2026) against $134M for GCM Grosvenor (Q2 2026). GCM Grosvenor is growing faster (+12% against +11% a year earlier). Cohen & Steers is more profitable, with an operating margin of 32.4% against 26.4%.
Where the money goes: CNS and GCMG
Cohen & Steers (CNS) · Q3 2026
Cohen & Steers, Q3 2026: revenue $157M (+11% year over year), operating margin 32.4%, net earnings $42.2M, operating cash flow $20.9M. The chart follows the revenue to costs, profit and cash.
GCM Grosvenor (GCMG) · Q2 2026
GCM Grosvenor, Q2 2026: revenue $134M (+12% year over year), operating margin 26.4%, net earnings $9.6M, operating cash flow $38.1M. The chart follows the revenue to costs, profit and cash.
| Cohen & Steers (CNS) | GCM Grosvenor (GCMG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $157M | $134M |
| Revenue growth, Y/Y | +11% | +12% |
| Operating margin | 32.4% | 26.4% |
| Net earnings | $42.2M | $9.6M |
| Net margin | 26.8% | 7.1% |
| Operating cash flow | $20.9M | $38.1M |
| Free cash flow | $20.0M | $36.3M |
| Market value | $3.6B | — |
| P/E | 21.3× | — |
| Analysts’ mean target | $69.33 | — |
Where the revenue comes from
Cohen & Steers
- Open-end funds: $92.5M (59%)
- Institutional: $36.6M (23%)
- Closed-end funds: $28.3M (18%)
GCM Grosvenor
- Total management fees: $115M (85%)
- Total incentive fees: $17.6M (13%)
- Other operating income: $2.0M (1%)
Questions
Which is bigger, Cohen & Steers or GCM Grosvenor?
Cohen & Steers is the larger company: $157M of revenue in its latest quarter (Q3 2026) against $134M for GCM Grosvenor (Q2 2026).
Is Cohen & Steers or GCM Grosvenor growing faster?
GCM Grosvenor is growing faster (+12% against +11% a year earlier).
Which is more profitable, Cohen & Steers or GCM Grosvenor?
Cohen & Steers is more profitable, with an operating margin of 32.4% against 26.4%.
More: Cohen & Steers earnings · how Cohen & Steers makes money · GCM Grosvenor earnings · how GCM Grosvenor makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.