GCM Grosvenor Inc. logo GCMG - GCM Grosvenor Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 4
HOLD 4
SELL 0
STRONG
SELL
0
| PRICE TARGET: $18.00 DETAILS
HIGH: $18.00
LOW: $18.00
MEDIAN: $18.00
CONSENSUS: $18.00
UPSIDE: 70.45%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Revenue
Revenue 123.4 177.1 133.0 124.0 125.1 170.1 122.9 117.2 111.7 115.6 123.3 107.6 104.4 101.5 133.9 102.1 115.0 201.7 130.7 131.3 113.9 162.3 107.9 78.6 84.3 101.2 117.9 90.9 105.6
Cost of Revenue 0.9 96.1 1.2 0 0 81.9 73.3 62.6 74.2 78.5 73.0 114.9 60.4 63.5 86.5 61.4 65.9 101.8 72.9 75.8 83.4 202.0 75.3 55.7 55.5 68.5 62.3 53.3 58.9
Gross Profit 122.5 81.0 131.9 124.0 125.1 88.2 49.6 54.5 37.5 37.1 50.3 (7.3) 44.0 38.0 47.4 40.7 49.1 99.9 57.8 55.4 30.5 (39.7) 32.6 22.9 28.8 32.7 55.6 37.6 46.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 28.9 26.3 90.8 100.4 110.5 121.7 24.6 96.1 124.8 24.9 97.8 28.7 51.6 22.6 22.0 23.1 87.2 22.0 20.1 21.7 24.5 24.3 17.3 16.2 24.6 23.8 20.6 22.2 21.8
Other Expenses 74.4 0 (3.0) 4.3 (0.7) (77.0) 0 (62.4) (71.4) (0.9) (71.4) 0 5.3 1.7 (3.3) (2.2) (56.1) 11.1 12.6 11.6 10.7 6.8 6.2 (11.5) 1.7 0 0 0 0
Operating Expenses 103.4 26.3 87.8 104.7 109.8 44.6 24.6 33.7 53.5 24.0 26.4 28.7 56.8 24.3 18.7 20.9 31.1 33.1 32.8 33.2 35.2 31.1 23.5 4.7 26.3 20.6 22.7 25.2 23.7
Operating Income
Operating Income 19.1 54.7 44.2 19.2 15.3 43.6 25.0 20.8 (16.0) 13.1 23.9 (36.0) (12.9) 13.8 28.7 19.8 18.0 66.8 25.1 22.2 (4.7) (70.8) 9.2 18.2 2.5 9.0 35.6 15.4 25.0
Interest Expense (4.9) 5.6 5.6 5.9 5.7 6.2 5.9 6.1 5.9 5.7 5.7 5.7 6.7 6.6 5.8 5.6 5.3 5.6 5.4 4.6 4.5 5.9 5.8 5.8 5.9 0 0 0 0
Interest Income 0 2.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.3 3.7 6
Profitability
EBITDA 25.3 70.8 55.4 46.7 9.2 43.6 22.3 23.0 (11.2) 12.8 27.3 (31.4) (7.4) 21.5 23.7 39.3 31.8 91.1 31.6 29.7 24.8 (58.3) 19.9 9.7 (1.2) 11.6 38.2 17.9 27.6
EBIT 24.4 69.7 54.3 45.6 8.2 42.6 21.2 22.3 (11.9) 12.2 26.6 (33.5) (8.1) 20.5 22.8 38.3 30.8 90.1 30.6 28.7 23.8 (60.7) 17.5 7.3 (3.8) 9.0 35.6 15.4 25.0
Income Before Tax 20.9 64.0 48.7 39.7 2.5 36.4 15.3 16.2 (17.8) 6.5 21.0 (34.2) (14.7) 13.9 17.0 32.7 25.6 84.5 25.2 24.1 19.3 (66.6) 11.7 1.5 (9.7) 7.0 29.6 8.7 17.0
Income Tax Expense 3.1 5.9 3.6 (0.2) 3.6 6.0 3.2 3.2 1.1 1.9 3.3 2.0 0.4 2.5 2.8 2.0 2.3 7.0 2.5 2.2 (0.7) 2.8 0.5 0.5 0.6 0.7 0.5 0.5 0.7
Net Income 5.5 19.0 10.5 15.4 0.5 7.6 4.2 4.8 2.1 3.3 5.9 4.8 (1.2) 4.4 3.1 7.6 4.7 14.2 4.1 0.7 2.5 7.5 0 0 0 (41.4) 23.9 4.3 13.2
Per Share Data
EPS (Basic) 0.09 0.33 0.20 0.30 0.01 0.17 0.27 0.11 0.05 0.08 0.14 0.11 -0.42 0.27 0.33 0.17 0.52 0.32 0.09 0.02 0.06 0.18 0.28 0.02 -0.26 -1.04 0.60 0.11 0.33
EPS (Diluted) 0.06 0.18 0.16 0.05 -0.02 0.05 0.06 0.01 -0.13 -0.00 0.04 -0.23 -0.10 0.06 0.08 0.13 0.12 0.32 0.09 0.02 0.06 0.18 0.28 0.02 -0.26 -1.04 0.60 0.11 0.33
Shares Outstanding 61.0 57.4 53.6 51.1 45.6 45.2 45.2 44.9 43.7 43.2 43.5 43.7 42.4 42.3 43.5 45.1 44.6 44.0 44.0 42.6 42.1 40.8 39.9 39.9 39.9 39.9 39.9 39.9 39.9
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4
Current Assets
Cash & Cash Equivalents 164.4 242.1 182.7 136.3 94.5 89.5 98.4 73.9 41.9 44.4 55.4 50.8 61.9 85.2 101.6 78.5 76.5 96.2 120.0 265.8 156.3 198.1 158.2 126.6 139.4 79.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 57.7 112.4 56.1 57.6 62.9 99.4 54.4 51.1 42.6 65.9 55.6 38.7 47.8 48.3 56.4 40.9 44.4 125.1 54.7 67.1 50.4 95.3 24.1 23.5 19.7 34.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.8 8.8 9.4 10.2
Total Current Assets 222.1 354.5 238.8 193.9 157.4 188.9 152.8 125.0 84.5 110.3 111.0 89.4 109.7 133.5 158.0 119.3 121.0 221.3 174.7 332.9 206.7 293.4 193.1 159.0 168.5 124.8
Non-Current Assets
Property, Plant & Equipment 71.8 69.9 64.6 65.1 63.6 63.8 64.1 60.1 52.6 45.9 45.2 14.8 16.4 17.1 17.7 19.1 20.2 5.4 5.6 5.9 6.1 7.9 8.3 8.7 9.0 8.9
Goodwill 29.0 0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0 29.0
Intangible Assets 0 29.0 0.3 0.7 1.0 1.3 1.6 2.0 2.3 2.6 3.0 3.3 3.6 3.9 4.5 5.1 5.7 6.3 6.8 7.4 8.0 8.6 10.5 12.3 14.2 16.1
Long-Term Investments 282.7 275.3 268.9 262.8 255.2 257.8 250.9 251.1 248.4 240.2 239.9 236.0 231.8 224.0 224.0 223.0 232.7 226.3 204.0 190.6 180.7 166.3 159.1 151.4 161.0 159.4
Other Non-Current Assets 26.9 85.1 23.4 24.6 22.6 20.8 23.0 21.4 21.8 18.6 19.2 18.7 20.0 21.2 54.1 46.7 40.9 24.9 20.8 26.0 31.0 53.0 60.3 53.9 50.3 35.1
Total Non-Current Assets 466.7 459.2 447.1 442.9 422.4 423.9 422.2 418.9 412.8 394.6 393.7 361.4 362.3 355.5 391.1 388.5 396.3 360.4 338.2 331.9 328.2 338.9 267.0 255.3 263.5 248.4
Total Assets 688.8 813.8 685.9 636.9 579.8 612.7 575.0 543.9 497.3 504.9 504.7 450.8 471.9 488.9 549.1 507.8 517.2 581.6 512.9 664.8 534.8 632.3 460.1 414.2 432.0 373.2
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Short-Term Debt 0 0 0 0 0 0 0 2.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1
Deferred Revenue 0 0 0 0 0 9.8 0 0 0 8.8 0 0 0 9.0 0 0 0 8.5 0 0 0 10.0 0 0 0 0
Other Current Liabilities 0 (54.6) 0 0 0 0 0 (4.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14.9
Total Current Liabilities 97.2 151.5 104.6 101.6 90.5 61.5 99.4 85.0 85.5 62.9 82.1 87.9 96.7 64.6 81.8 81.7 84.9 69.4 87.9 93.1 95.9 73.7 120.2 90.8 80.0 90.8
Non-Current Liabilities
Long-Term Debt 362.9 428.4 429.3 430.2 431.1 432.0 432.9 431.6 384 384.7 385.5 386.2 386.9 387.6 388.3 389.1 389.8 390.5 391.2 392.2 285.0 335.2 407.7 408.8 407.1 463.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 54.8 54.6 96.0 72.1 95.0 155.6 101.2 74.8 85.4 127.1 88.1 65.0 81.5 115.2 110.3 64.3 76.6 177.5 143.9 103.4 73.7 190.5 0 0 0 32.8
Total Non-Current Liabilities 469.3 534.9 577.5 555.9 579.0 641.5 588.7 552.6 512.6 553.3 516.3 463.8 483.3 518.4 514.3 471.1 485.6 568.1 535.1 495.7 358.7 525.7 407.7 408.8 407.1 496.2
Total Liabilities 566.5 686.3 682.1 657.5 669.5 703.1 688.1 637.6 598.2 616.2 598.4 551.7 580.0 582.9 596.0 552.8 570.5 637.4 623.0 588.7 454.6 599.3 527.9 499.7 487.1 587.0
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (260.0) 0 0 0
Retained Earnings (19.4) (16.3) (27.2) (31.3) (40.7) (35.0) (37.4) (36.0) (34.2) (32.2) (30.5) (30.5) (29.9) (23.9) (23.9) (22.4) (26.1) (26.2) (35.8) (33.2) (33.8) (29.8) (0.1) (0.1) (0.1) (0.1)
Accumulated Other Comprehensive Income (0.7) (0.8) (0.5) 0.0 0.6 1.6 0.2 2.4 3.0 2.6 4.7 4.0 2.7 4.1 5.0 3.0 3.0 (1.0) (1.8) (2.2) (1.6) (2.2) (12.2) (13.8) (13.8) (6.9)
Total Stockholders' Equity 25.5 27.0 (7.4) (12.3) (28.3) (27.6) (31.9) (28.5) (26.4) (27.6) (24.7) (24.8) (25.9) (19.8) (18.9) (17.6) (20.2) (25.7) (37.6) (20.0) (21.5) (29.3) (272.3) (284.3) (269.0) (315.3)
Total Liabilities & Equity 688.8 813.8 685.9 636.9 579.8 612.7 575.0 543.9 497.3 504.9 504.7 450.8 471.9 488.9 549.1 507.8 517.2 581.6 512.9 664.8 534.8 632.3 460.1 414.2 432.0 373.2
Debt Metrics
Total Debt 414.5 480.2 481.5 483.8 484.0 485.9 487.5 482.2 427.2 426.2 428.2 398.9 401.7 403.1 404.0 406.8 408.9 390.5 391.2 392.2 285.0 335.2 407.7 408.8 407.1 463.5
Net Debt 250.1 238.1 298.8 347.5 389.5 396.5 389.1 408.3 385.3 381.9 372.9 348.1 339.9 318.0 302.4 328.3 332.4 294.3 271.3 126.4 128.7 137.0 249.5 282.3 267.7 383.6
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Operating Activities
Net Income 5.5 19.0 45.1 39.9 (1.1) 30.4 12.1 4.8 2.1 4.6 17.6 (36.3) (15.1) 11.4 14.2 30.7 23.2 77.5 22.7 21.9 19.9 (69.4) 0 0.9 (10.3) (41.4) 23.9 4.3 13.2
Depreciation & Amortization 0.9 1.1 1.2 1.2 1.0 1.0 1.0 0.6 0.6 0.6 0.7 0.7 0.7 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.1 2.4 2.7 2.4 2.6 3.0 2.6 2.6 2.6
Stock-Based Compensation 0 12.5 5.8 7.2 22.3 1.9 3.5 23.7 25.6 1.5 4.8 2.5 24.5 5.6 5.4 5.5 8.9 13.0 5.8 5.6 26.6 135.2 1.1 0 0 1.1 1.1 1.0 0.7
Change in Working Capital 3.9 (43.3) 29.3 (1.4) (12.8) (20.4) 27.8 (25.6) 1.3 (1.1) 3.2 (0.1) (13.7) (15.7) 30.3 8.2 1.1 (46.3) 41.0 7.8 (16.6) (38.2) 19.4 2.2 (43.9) 36.0 (20.7) 16.4 (50.5)
Other Non-Cash Items 41.4 39.1 (1.6) (6.0) 22.9 22.9 21.9 10.4 (4.8) 21.1 15.2 57.8 0.1 52.9 18.5 0.9 5.6 (14.8) 9.5 11.4 (16.1) (5.6) 26.2 21.2 18.6 62.6 12.9 13.3 11.5
Operating Cash Flow 51.7 28.5 79.8 42.0 33.3 38.1 69.0 17.5 24.2 26.7 43.6 26.6 (4.8) 56.6 72.5 47.0 40.4 34.0 80.8 48.2 15.8 25.0 49.4 26.8 (33.0) 61.4 19.7 37.6 (22.5)
Investing Activities
Capital Expenditure (3.8) (4.6) (1.5) (1.2) (1.2) (1.1) (6.7) (4.7) (4.2) (2.4) (0.5) (0.6) (0.2) 0.6 (0.7) (0.4) (0.3) (0.2) (0.2) (0.2) (0.1) (0.1) (0.1) (0.2) (0.8) (0.6) (3.1) (0.2) (0.1)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.9 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (32.0) (51.7) (8.6) (28.4) (5.9) (9.0) (5.2) (13.9) (6.0) (6.6) (5.7) (6.8) (8.5) (6.3) (8.5) (7.9) (6.7) (19.5) (6.3) (6.3) (8.2) (7.7) 0 (4.8) (6.4) 0 0 0 0
Sales/Maturities of Investments 3.1 4.6 0 4.9 0 0 0 3.2 2.0 0 0 0 0 0 0 0 0 (7.9) 1.3 3.7 2.9 5.0 0 5.6 5.5 0 0 0 0
Other Investing Activities 0 0 3.3 0 5.9 3.4 3.3 7.6 (0.4) 3.2 2.7 2.7 4.0 5.9 3.7 7.3 3.2 3.5 0 0 1.3 0 (1.5) 0 0 (1.0) 0.3 0.9 9.9
Investing Cash Flow (32.7) (51.7) (6.8) (24.8) (1.1) (6.7) (8.6) (7.8) (8.7) (5.8) (3.6) (4.7) (4.7) 0.3 (5.5) (1.0) (3.8) (16.2) (5.1) (2.8) (4.0) (2.8) (1.6) 0.6 (1.7) (1.6) (2.9) 0.8 9.8
Financing Activities
Net Debt Issuance (66.1) (1.1) (1.1) (1.1) (1.1) (1.1) (1.1) 50 (1) (1) (1) (1) (1) (1) (1) (1) (1) (1) (1.3) 109.3 (50.3) (42) 0 0 (74.2) (0.0) 0 0 0
Stock Repurchased (17.5) (30.7) 0 0 0 0 0 (10.2) (0.1) 0 0 (1.1) (3.3) (5.9) (8.0) (10.0) (2.4) (0.9) 0 0 0 0 (42.6) 0 0 0 (44.6) 0 0
Dividends Paid (7.5) (7.4) (5.9) (7.0) (5.1) (4.9) (5.3) (5.6) (4.7) (4.7) (6.3) (4.7) (4.6) (4.6) (5.1) (4.3) (4.4) (4.4) (4.2) (3.4) (2.5) (111.1) 0 0 0 (69.6) 0 (20.0) (0.0)
Other Financing Activities (5.2) (44.0) (19.8) 32.0 (24.3) (32.8) (30.8) (11.4) (11.4) (27.0) (27.5) (25.5) (4.8) (63.3) (28.2) (27.1) (47.7) (35.0) (215.6) (41.7) (0.3) 170.1 25.9 (40.1) 168.7 34.7 27.3 (7.8) (10.8)
Financing Cash Flow (96.3) 83.1 (26.2) 23.9 (27.7) (38.9) (37.2) 22.9 (17.2) (32.7) (34.8) (32.4) (13.7) (74.8) (42.3) (42.4) (55.5) (41.3) (221.1) 64.2 (53.0) 17.0 (16.7) (40.1) 94.5 (34.9) (17.3) (27.9) (10.8)
Cash Position
Net Change in Cash (77.7) 59.4 46.4 41.8 5.0 (9.0) 24.5 32.1 (2.5) (11) 4.6 (11.1) (23.3) (16.4) 23.1 2.0 (19.7) (23.8) (145.8) 109.6 (41.9) 40.0 31.6 (12.8) 59.5 25.3 (0.6) 10.6 (23.5)
Cash at Beginning 242.1 182.7 136.3 94.5 89.5 98.4 73.9 41.9 44.4 55.4 50.8 61.9 85.2 101.6 78.5 76.5 96.2 120.0 265.8 156.3 198.1 158.2 126.6 139.4 79.9 54.6 55.2 44.6 68.1
Cash at End 164.4 242.1 182.7 136.3 94.5 89.5 98.4 73.9 41.9 44.4 55.4 50.8 61.9 85.2 101.6 78.5 76.5 96.2 120.0 265.8 156.3 198.1 158.2 126.6 139.4 79.9 54.6 55.2 44.6
Free Cash Flow 47.9 23.9 78.3 40.8 32.1 37.0 62.2 12.8 20.0 24.2 43.0 26.0 (5.0) 57.2 71.8 46.6 40.2 33.8 80.7 48.0 15.7 24.9 49.3 26.6 (33.8) 60.8 16.6 37.5 (22.6)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1
Income Statement
Revenue 123.4 177.1 133.0 124.0 125.1 170.1 122.9 117.2 111.7 115.6 123.3 107.6 104.4 101.5 133.9 102.1 115.0 201.7 130.7 131.3 113.9 162.3 107.9 78.6 84.3 101.2 117.9 90.9 105.6
Gross Profit 122.5 81.0 131.9 124.0 125.1 88.2 49.6 54.5 37.5 37.1 50.3 (7.3) 44.0 38.0 47.4 40.7 49.1 99.9 57.8 55.4 30.5 (39.7) 32.6 22.9 28.8 32.7 55.6 37.6 46.8
Operating Income 19.1 54.7 44.2 19.2 15.3 43.6 25.0 20.8 (16.0) 13.1 23.9 (36.0) (12.9) 13.8 28.7 19.8 18.0 66.8 25.1 22.2 (4.7) (70.8) 9.2 18.2 2.5 9.0 35.6 15.4 25.0
Net Income 5.5 19.0 10.5 15.4 0.5 7.6 4.2 4.8 2.1 3.3 5.9 4.8 (1.2) 4.4 3.1 7.6 4.7 14.2 4.1 0.7 2.5 7.5 0 0 0 (41.4) 23.9 4.3 13.2
EPS (Diluted) 0.06 0.18 0.16 0.05 -0.02 0.05 0.06 0.01 -0.13 -0.00 0.04 -0.23 -0.10 0.06 0.08 0.13 0.12 0.32 0.09 0.02 0.06 0.18 0.28 0.02 -0.26 -1.04 0.60 0.11 0.33
Balance Sheet
Cash & Equivalents 164.4 242.1 182.7 136.3 94.5 89.5 98.4 73.9 41.9 44.4 55.4 50.8 61.9 85.2 101.6 78.5 76.5 96.2 120.0 265.8 156.3 198.1 158.2 126.6 139.4 79.9
Total Assets 688.8 813.8 685.9 636.9 579.8 612.7 575.0 543.9 497.3 504.9 504.7 450.8 471.9 488.9 549.1 507.8 517.2 581.6 512.9 664.8 534.8 632.3 460.1 414.2 432.0 373.2
Total Debt 414.5 480.2 481.5 483.8 484.0 485.9 487.5 482.2 427.2 426.2 428.2 398.9 401.7 403.1 404.0 406.8 408.9 390.5 391.2 392.2 285.0 335.2 407.7 408.8 407.1 463.5
Stockholders' Equity 25.5 27.0 (7.4) (12.3) (28.3) (27.6) (31.9) (28.5) (26.4) (27.6) (24.7) (24.8) (25.9) (19.8) (18.9) (17.6) (20.2) (25.7) (37.6) (20.0) (21.5) (29.3) (272.3) (284.3) (269.0) (315.3)
Cash Flow
Operating Cash Flow 51.7 28.5 79.8 42.0 33.3 38.1 69.0 17.5 24.2 26.7 43.6 26.6 (4.8) 56.6 72.5 47.0 40.4 34.0 80.8 48.2 15.8 25.0 49.4 26.8 (33.0) 61.4 19.7 37.6 (22.5)
Capital Expenditure (3.8) (4.6) (1.5) (1.2) (1.2) (1.1) (6.7) (4.7) (4.2) (2.4) (0.5) (0.6) (0.2) 0.6 (0.7) (0.4) (0.3) (0.2) (0.2) (0.2) (0.1) (0.1) (0.1) (0.2) (0.8) (0.6) (3.1) (0.2) (0.1)
Free Cash Flow 47.9 23.9 78.3 40.8 32.1 37.0 62.2 12.8 20.0 24.2 43.0 26.0 (5.0) 57.2 71.8 46.6 40.2 33.8 80.7 48.0 15.7 24.9 49.3 26.6 (33.8) 60.8 16.6 37.5 (22.6)