GDEV vs GCL vs FIRY Stock Comparison

Gdev, GCL Global Holdings and Firy Prices as of Oct 27, 2026 Peers: Industry group
GDEV GDEV Inc.
$9.57 -12.2% 1M -60.7% 1Y
Market cap
$173.70M
P/E
2.3x
Revenue (TTM)
$380.57M
Div. yield
–
Video Games Technology
4 wins
FIRY Firy Inc.
$11.72 -6.1% 1M +53.2% 1Y
Market cap
$192.86M
P/E
–
Revenue (TTM)
$117.48M
Div. yield
–
Video Games Technology
3 wins

Head to Head

7 decided of 12

Gdev leads on 4 of the 12 questions below (Gdev 4, Firy 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGDEVGCLFIRYLeader
Larger companyMarket capitalisation $173.70M $117.77M $192.86M FIRY
Cheaper on earningsLower P/E, profitable companies only 2.3x -4.5x -2.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months -10.6% — +31.3% FIRY
More profitableNet margin, trailing twelve months 19.7% — -60.2% GDEV
Better return on capitalReturn on invested capital — — -28.3% –
Less leveragedLower net debt / EBITDA — — 0.6x –
Higher dividend yieldTrailing dividend yield 0.00% — — –
Better 1-year returnPrice return, last 12 months -60.7% -50.0% +53.2% FIRY
Better 5-year returnAnnualised price return, 5 years -35.9%/yr — -45.0%/yr GDEV
Less volatileAnnualised volatility, 1 year 88.6% 120.9% 163.9% GDEV
Higher overall scoreMean of the five percentile scores vs peers 67/100 — 27/100 GDEV

Percentile Scorecard

GDEVGCLFIRY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGDEVGCLFIRY
Valuation 99 #2 of 167 36 #107 of 167 14 #144 of 167
Growth 71 #45 of 153 – 47 #82 of 153
Profitability 76 #37 of 153 – 13 #133 of 153
Financial Health 22 #140 of 179 26 #132 of 179 25 #135 of 179
Shareholder Returns – – 36 #61 of 94
Overall 67 – 27
  • GDEV ranked among 185 companies in Internet Platforms
  • GCL ranked among 185 companies in Internet Platforms
  • FIRY ranked among 185 companies in Internet Platforms

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGDEVGCLFIRYSPY
1 month -12.2%+22.7%-6.1% -0.2%
3 months -19.0%+100.0%+19.2% +3.9%
6 months -40.4%+80.4%+84.6% +8.2%
Year to date -36.2%-14.0%+171.9% +12.9%
1 year -60.7%-50.0%+53.2% +12.3%
3 years -58.2%-91.4%+151.5% +87.4%
3 years, per year -25.3%-55.9%+36.0% +23.3%
5 years -89.1%—-94.9% +67.9%
5 years, per year -35.9%—-45.0% +10.9%

Risk

MeasureGDEVGCLFIRYSPY
Volatility, 1Y 88.6%120.9%163.9% 12.7%
Downside volatility, 1Y 84.3%119.0%99.2% 12.7%
Beta vs S&P 500, 1Y 0.182.011.70 1.00
Return / volatility, 1Y -0.69-0.410.32 0.97
Max drawdown, 5Y -89.5%-96.7%-99.1% -25.4%
From 52-week high -61.3%-50.3%-10.9% -1.2%
52-week high $24.71$1.85$13.16 $779.14
52-week low $9.57$0.38$2.28 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGDEVGCLFIRY
P/E now vs peer median 2.3xmedian 17.3x -4.5xmedian 17.3x -2.7xmedian 17.3x
P/S now vs peer median 0.5xmedian 1.4x 0.5xmedian 1.4x 1.6xmedian 1.4x
EV/EBITDA now vs peer median 1.1xmedian 14.2x —median 14.2x -2.7xmedian 14.2x
P/FCF now vs peer median 3.6xmedian 11.5x -10.1xmedian 11.5x -3.1xmedian 11.5x
P/B now vs peer median -3.4xmedian 1.8x 2.9xmedian 1.8x 2.3xmedian 1.8x
PEG now vs peer median 0.04median 0.40 —median 0.40 -0.09median 0.40

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGDEVGCLFIRY
Revenue $380.57M – $117.48M
Gross profit – – $103.11M
Operating income $75.99M – -$62.78M
Net income $74.94M – -$70.76M
Free cash flow $48.00M – -$61.48M
R&D – – $22.91M
EPS (diluted) $4.07 – $-4.40
Cash & equivalents $78.24M $36.58M $163.99M
Total debt – – $128.65M
Shares (diluted) 18.40M 123.23M 16.07M
Enterprise value -$120.05M $40.07M -$562.84M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGDEVGCLFIRY
P/E 2.3x -4.5x -2.7x
P/FCF 3.6x -10.1x -3.1x
P/Operating cash flow 3.6x – -3.1x
P/S 0.5x 0.5x 1.6x
P/B -3.4x 2.9x 2.3x
P/Tangible book -3.3x 3.8x 2.3x
EV/EBITDA 1.1x – -2.7x
EV/EBIT 1.2x – -2.5x
EV/Revenue 0.3x – 1.3x
EV/FCF 2.0x – -2.6x
EV/Operating cash flow 2.0x – -2.5x
PEG (3Y EPS CAGR) 0.04 – -0.09

Growth

14 metrics
MetricGDEVGCLFIRY
Revenue growth (1Y) -10.6% – 31.3%
Revenue CAGR (3Y) -6.2% – -14.9%
Gross profit growth (1Y) – – 34.5%
Gross profit CAGR (3Y) – – -15.3%
Operating income growth (1Y) 7.9% – 18.1%
Operating income CAGR (3Y) 41.7% – 39.4%
Net income growth (1Y) 43.7% – 12.8%
Net income CAGR (3Y) 61.6% – 36.7%
EPS growth (1Y) 23.9% – 16.0%
EPS CAGR (3Y) 63.3% – 30.8%
Operating cash flow growth (1Y) 276.1% – 0.6%
Operating cash flow CAGR (3Y) – – 6.5%
Free cash flow growth (1Y) 276.1% – 3.7%
Free cash flow CAGR (3Y) – – 11.5%

Profitability

14 metrics
MetricGDEVGCLFIRY
Gross margin – – 87.8%
EBITDA margin 22.2% – -49.3%
Operating margin 20.0% – -53.4%
Pretax margin 21.2% – -60.0%
Net margin 19.7% – -60.2%
FCF margin 12.6% – -52.3%
Operating cash flow margin 12.6% – -52.6%
Return on equity – – -75.8%
Return on assets – – -25.3%
Return on invested capital – – -28.3%
Return on capital employed – – -65.6%
Asset turnover – – 0.4x
Cash conversion (OCF / net income) 0.6x – 0.9x
Stock comp / revenue – – 16.5%

Financial Health

11 metrics
MetricGDEVGCLFIRY
Debt / assets – 30.1% 47.3%
Debt / equity – 1.3x 1.5x
Net debt / EBITDA – – 0.6x
Debt / FCF – – -2.1x
Liabilities / assets 121.5% 77.7% 68.9%
Equity / assets -21.5% 22.3% 31.1%
Interest coverage 6.9x – –
Current ratio 0.7x 1.5x 1.0x
Quick ratio 0.6x 0.9x 1.0x
Cash ratio 0.4x 0.4x 0.9x
Altman Z-score 1.58 – -5.50

Shareholder Returns

7 metrics
MetricGDEVGCLFIRY
Dividend yield – – –
Net buyback yield – – 0.8%
Shareholder yield 0.0% – 0.8%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGDEVGCLFIRY
EPS, next fiscal year – – $-4.45FY2026
Revenue, next fiscal year – – $135.35MFY2026
Revenue growth, next FY – – +29.5%FY2026
Revenue growth, the year after – – +2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGDEVGCLFIRY
Held by institutions 2.2% – 18.4%
Institutions holding 7 – 73
Change in shares held, QoQ -0.6% – +49.4%
Institutions buying 2 – 31
Institutions selling 3 – 10
Buyers to sellers 0.67 – 3.10

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GDEVGCLFIRY
GDEV 1.00 -0.03 0.08
GCL -0.03 1.00 0.02
FIRY 0.08 0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GDEV, GCL and FIRY?

Firy (FIRY) is the largest by market capitalisation: Gdev (GDEV) $173.70M, GCL Global Holdings (GCL) $117.77M, Firy (FIRY) $192.86M.

Which company is growing faster?

Firy (FIRY) grew revenue fastest over the trailing twelve months: Gdev (GDEV) -10.6%, Firy (FIRY) +31.3%.

Which company is more profitable?

Gdev (GDEV) has the highest net margin (Gdev (GDEV) 19.7%, Firy (FIRY) -60.2%).

Which stock has performed better?

Over the past year Firy (FIRY) returned the most: Gdev (GDEV) -60.7%, GCL Global Holdings (GCL) -50.0%, Firy (FIRY) +53.2%. Over five years, Gdev (GDEV) compounded fastest (Gdev (GDEV) -35.9%/yr, Firy (FIRY) -45.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Gdev (GDEV) has been the steadiest (Gdev (GDEV) 88.6%, GCL Global Holdings (GCL) 120.9%, Firy (FIRY) 163.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GDEV, GCL and FIRY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Gdev (GDEV) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.