Financial Services · Financial - Capital Markets
Price
$11.44
Market Cap
$5.4B
Employees
3,971
Beta
0.95
Avg Volume
3,050,065
CEO
Sean A. Windeatt
Business Description
BGC Group, Inc. is a global financial services enterprise that specializes in both brokerage and advanced technology solutions, operating across the United States and internationally. The company facilitates transactions for an extensive array of financial products, including various fixed-income instruments like government and corporate bonds, other debt instruments, and their corresponding interest rate and credit derivatives. Their offerings also span equities, energy commodities, shipping, insurance products, and a range of futures and options. Beyond traditional brokerage, BGC provides a comprehensive suite of services, encompassing trade execution, robust connectivity, clearing operations, trade compression, and other crucial post-trade functions. They also deliver vital market information and essential back-office support to a diverse clientele. Technologically, BGC develops and deploys advanced electronic and hybrid brokerage systems, alongside other bespoke financial technology solutions. This includes offering valuable market data, related information services, and sophisticated analytics pertaining to financial instruments and market trends. Their integrated platform is engineered to offer clients significant flexibility in price discovery, trade execution, and transaction processing. Customers can choose from voice-assisted, hybrid, or fully electronic brokerage services for transactions conducted either over-the-counter (OTC) or via established exchanges. The firm primarily caters to a broad spectrum of institutional clients, including leading banks, broker-dealers, investment banks, trading entities, hedge funds, and other investment firms, in addition to governmental bodies and major corporations. BGC Group, Inc. was established in 1945 and maintains its corporate headquarters in New York, New York.
Business History
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
34.67
Stock Price: $11.44
EPS (Diluted): 0.33
EPS (Diluted): 0.33
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
4.37
Stock Price: $11.44
Total Equity: $972.48M
Shares: 480,950,000
Total Equity: $972.48M
Shares: 480,950,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
11.71
Market Cap: $5.44B
Total Debt: $1.80B
Cash: $873.67M
EBITDA: $442.08M
Total Debt: $1.80B
Cash: $873.67M
EBITDA: $442.08M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$5.2B
Market Cap: $5.44B
Total Debt: $1.80B
Cash: $873.67M
Total Debt: $1.80B
Cash: $873.67M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
89.5%
Gross Profit: $2.69B
Revenue: $3.01B
Revenue: $3.01B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
10.5%
Operating Income: $316.33M
Revenue: $3.01B
Revenue: $3.01B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
5.2%
Net Income: $154.96M
Revenue: $3.01B
Revenue: $3.01B
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
15.9%
Net Income: $154.96M
Total Equity: $972.48M
Total Equity: $972.48M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
11.4%
Operating Income: $316.33M
Tax Rate: 31.4%
Equity: $972.48M
Total Debt: $1.80B
Cash: $873.67M
Tax Rate: 31.4%
Equity: $972.48M
Total Debt: $1.80B
Cash: $873.67M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
89.14
Current Assets: $1.78B
Current Liabilities: $20.00M
Current Liabilities: $20.00M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.85
Short-Term Debt: $20.00M
Long-Term Debt: $1.78B
Total Debt: $1.80B
Total Equity: $972.48M
Long-Term Debt: $1.78B
Total Debt: $1.80B
Total Equity: $972.48M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$6.25
Revenue: $3.01B
Shares: 480,950,000
Shares: 480,950,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.02
Total Equity: $972.48M
Shares: 480,950,000
Shares: 480,950,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.56
Operating CF: $333.87M
CapEx: -$66.03M
Shares: 480,950,000
CapEx: -$66.03M
Shares: 480,950,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.9%
Last Dividend: N/A
Stock Price: $11.44
Stock Price: $11.44
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $154.96M
Net Income: $154.96M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BGC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.0B | $1.8B | $2.0B | $2.2B | $3.0B |
| Cost of Revenue | $1.4B | $937.1M | $1.1B | $1.2B | $314.6M |
| Gross Profit | $633.3M | $837.2M | $893.2M | $979.5M | $2.7B |
| Operating Expenses | $667.9M | $634.6M | $754.5M | $794.4M | $2.4B |
| Operating Income | -$34.6M | $202.5M | $138.7M | $185.1M | $316.3M |
| Net Income | $124.0M | $48.7M | $36.3M | $127.0M | $155.0M |
| EBITDA | $327.7M | $230.4M | $215.4M | $345.7M | $442.1M |
| EPS | $0.33 | $0.13 | $0.08 | $0.26 | $0.33 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $553.6M | $485.0M | $655.6M | $711.6M | $873.7M |
| Total Current Assets | $2.0B | $1.7B | $655.6M | $1.9B | $1.8B |
| Total Assets | $3.3B | $3.1B | $3.2B | $3.6B | $4.4B |
| Current Liabilities | $1.2B | $900.1M | $929.1M | $973.7M | $20.0M |
| Long-Term Debt | $1.1B | $1.0B | $944.3M | $1.1B | $1.8B |
| Total Liabilities | $2.7B | $2.3B | $2.3B | $2.5B | $3.3B |
| Total Equity | $619.8M | $669.6M | $885.1M | $898.5M | $972.5M |
| Retained Earnings | -$1.2B | -$1.1B | -$1.1B | -$1.0B | -$910.4M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $417.2M | $224.4M | $405.2M | $315.4M | $333.9M |
| Capital Expenditure | -$53.3M | -$58.8M | -$59.9M | -$72.1M | -$66.0M |
| Free Cash Flow | $363.9M | $165.6M | $345.3M | $243.3M | $267.8M |
| Acquisitions (net) | $543.8M | $0 | -$30.3M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$476.0M | -$180.1M | -$232.4M | -$401.1M | -$281.5M |
| Net Change in Cash | -$286.6M | -$64.8M | $170.9M | $60.4M | $140.4M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 3:57pm (17h ago)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$2.3B $2.3B – $2.3B
|
$2.9B $2.9B – $2.9B
|
$3.4B $3.4B – $3.4B
|
$3.6B $3.6B – $3.6B
|
| EBITDA |
$319.5M $318.0M – $320.9M
|
$414.9M $413.1M – $416.8M
|
$479.2M $477.1M – $481.4M
|
$512.7M $510.5M – $515.0M
|
| Net Income |
$476.1M $473.4M – $478.9M
|
$562.7M $559.5M – $566.0M
|
$682.9M $678.1M – $687.8M
|
$776.7M $752.8M – $795.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -11.0% | +11.6% | +11.4% | +36.3% |
| Gross Profit Growth | +32.2% | +6.7% | +9.7% | +175.0% |
| Operating Income Growth | +685.2% | -31.5% | +33.5% | +70.9% |
| Net Income Growth | -60.7% | -25.6% | +250.2% | +22.0% |
| EBITDA Growth | -29.7% | -6.5% | +60.5% | +27.9% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-27 | $0.02 | 2026-05-06 | 2026-05-27 | 2026-06-10 |
| 2026-03-04 | $0.02 | 2026-02-11 | 2026-03-04 | 2026-03-18 |
| 2025-11-26 | $0.02 | 2025-11-05 | 2025-11-26 | 2025-12-10 |
| 2025-08-20 | $0.02 | 2025-07-30 | 2025-08-20 | 2025-09-03 |
| 2025-05-27 | $0.02 | 2025-05-06 | 2025-05-27 | 2025-06-10 |
| 2025-03-06 | $0.02 | 2025-02-14 | 2025-03-06 | 2025-03-20 |
| 2024-11-21 | $0.02 | 2024-10-30 | 2024-11-21 | 2024-12-04 |
| 2024-08-19 | $0.02 | 2024-07-29 | 2024-08-19 | 2024-09-03 |
| 2024-05-20 | $0.02 | 2024-04-30 | 2024-05-21 | 2024-06-04 |
| 2024-03-04 | $0.01 | 2024-02-13 | 2024-03-05 | 2024-03-19 |
| 2023-11-16 | $0.01 | 2023-10-30 | 2023-11-17 | 2023-12-01 |
| 2023-08-21 | $0.01 | 2023-08-01 | 2023-08-22 | 2023-09-05 |
| 2023-05-16 | $0.01 | 2023-05-02 | 2023-05-17 | 2023-05-31 |
| 2023-03-16 | $0.01 | 2023-02-24 | 2023-03-17 | 2023-03-31 |
| 2022-11-21 | $0.01 | 2022-11-22 | 2022-12-06 | |
| 2022-08-22 | $0.01 | 2022-08-23 | 2022-09-06 | |
| 2022-05-18 | $0.01 | 2022-05-19 | 2022-06-02 | |
| 2022-03-07 | $0.01 | 2022-03-08 | 2022-03-22 | |
| 2021-11-22 | $0.01 | 2021-11-23 | 2021-12-07 | |
| 2021-08-23 | $0.01 | 2021-08-24 | 2021-09-07 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for BGC — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30