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Friday 6 November 2026 Export BGC’s income statement to Excel — free account

BGC Group, Inc.

BGC Financial Capital Markets

BGC Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 30.0% from fiscal 2024.

Revenue
+7.85%
EPS
+36.4%
Free cash flow
+164.2%
Total debt
−7.50%

Quarter to June 2026, against a year earlier

10.68 0.22 +2.10%
Market cap
$4.9B
P/E
25.7×
Fwd P/E
7.4×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — — — — — — — —
Insider Ownership 26.07%

Capital & Financial Ratios $m

Size
Market Cap 4,880.00
Revenue ttm 3,294.24
Net income ttm 189.20
Free cash flow ttm 440.61
Net debt Q 892.94
Valuation
P/E 25.66
Forward P/E 7.44
Price / sales 1.52
Forward P/S Powerpack
Price / FCF 13.16
Price / book 3.93
Financial health
Current ratio Q 1.37
Debt / equity Q 1.39
Interest coverage Q 3.19
Growth
Revenue growth Q +7.85% (above 0%: growing)
Operating income growth Q −1.34% (below 0%: shrinking)
EPS, this year +20.76% (at or above 15%: strong)
EPS, next year A +12.28%
Revenue, next year A +17.53% (at or above 10%: strong)
EPS, past 5 yrs +27.20% (at or above 15%: strong)
EPS, next 5 yrs A +15.62% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 36.63%
10-year low 10-year high
P/S against its own 10 years 75.65%
10-year low 10-year high
P/B against its own 10 years 82.07%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2017–25
−100.0%/yr
  1. 0.44 ’17
  2. 0.45 ’18 +3
  3. 0.56 ’19 +23
  4. 0.17 ’20 −70
  5. 0.04 ’21 −76
  6. 0.04 ’22 +0
  7. 0.03 ’23 −25
  8. 0.00 ’24 −100
  9. 0.00 ’25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 673 733 874 881
Receivables 1,024 1,050 1,386 2,809
Inventory 46 186 128 95
Other — — — —
1,742 1,969 2,387 3,690
2023 2024 2025 Q'26
Payables 888 947 1,107 2,365
ST’ Debt — — — —
Other — — — —
1,094 1,175 1,491 2,703

Compound Annual Growth %

10y 5y 3y
Sales 0.55% 7.42% 17.89%
Cash Flow (5.38%) 5.44% 20.68%
Earnings (0.32%) 28.02% 47.07%
Book Value (0.73%) 7.14% 16.03%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.34 Actual 0.35

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.28 0.29 Beat by 0.01
Q4 FY25 0.29 0.31 Beat by 0.02
Q1 FY26 0.41 0.41 Met by 0.00
Q2 FY26 0.34 0.35 Beat by 0.01
Q3 FY26 0.34 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.17 0.15 — — —
’25 0.11 0.11 0.06 0.03 0.31
’24 0.10 0.08 0.03 0.05 0.25
’23 0.04 (0.05) 0.03 0.04 0.07
’22 0.06 0.03 0.01 0.01 0.12
’21 0.11 0.04 (0.03) 0.20 0.32
’20 0.04 0.07 0.02 (0.01) 0.09
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 955 846 — — —
’25 664 784 737 756 2,941
’24 579 551 561 572 2,263
’23 533 493 483 517 2,025
’22 506 436 417 437 1,795
’21 568 512 474 462 2,015
’20 603 519 455 479 2,057
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 20 162 — — —
’25 1 71 142 180 394
’24 28 (53) 88 252 315
’23 24 (106) 313 174 405
’22 (10) 64 78 92 224
’21 44 154 108 111 417
’20 (72) 145 67 163 303
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 5 148 — — —
’25 (15) 56 124 163 328
’24 13 (72) 68 235 243
’23 10 (123) 301 157 345
’22 (22) 50 62 76 166
’21 20 137 98 98 364
’20 (93) 103 45 150 217
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,554 1,751 1,938 2,105 2,057 2,015 1,795 2,025 2,263 2,941 3,294 +7.3% 3,457 3,669 3,204 +2.9%
Gross margin, % 97.58 97.54 96.81 96.98 97.11 96.79 96.75 96.96 96.87 97.61 97.63 0.0 pt
EBT 120 4 172 117 72 177 97 58 173 214 273 +6.6%
EBT margin, % 7.75 0.24 8.87 5.54 3.51 8.76 5.43 2.85 7.65 7.27 8.28 (0.5) pt
Net income 254 82 287 67 51 153 59 39 123 147 189 (5.9%)
Per share, $
Per share, $ Revenue 5.61 6.09 6.02 6.11 5.69 5.31 4.83 4.75 4.78 6.17 6.93 +1.1%
Earnings 0.67 0.18 0.60 0.16 0.14 0.33 0.13 0.08 0.26 0.31 0.41 (8.2%)
Cash flow (0.38) 1.37 (0.21) 0.70 0.84 1.10 0.60 0.95 0.67 0.83 1.06 n/m
Capex (0.13) (0.20) (0.23) (0.28) (0.24) (0.14) (0.16) (0.14) (0.15) (0.14) (0.13) +0.5%
Free cash flow (0.52) 1.17 (0.44) 0.42 0.60 0.96 0.45 0.81 0.51 0.69 0.93 n/m
Book value 5.90 3.97 2.68 2.11 2.24 1.75 1.97 2.11 2.28 2.40 2.68 (9.5%)
Shares, m 277 287 322 344 362 379 372 426 473 476 475 +6.2%
Valuation, ×
Valuation, × P/E 17.21 973.00 8.62 37.13 29.85 13.29 28.14 99.71 34.85 28.81 25.66 127.1
P/S 1.20 0.98 0.88 0.97 0.70 0.88 0.82 1.47 1.90 1.45 1.52 1.1
P/B 1.14 2.48 1.98 2.82 1.78 2.66 2.00 3.31 3.97 3.71 3.93 2.6
EV/Sales 1.79 0.91 1.02 1.18 0.90 1.12 1.12 1.72 2.28 1.72 — 1.4
EV/FCF (19.36) 7.88 (10.61) 39.85 13.83 7.42 19.13 12.24 28.25 18.84 — 11.7
Cash, $m
Cash, $m Operating cash flow (107) 393 (67) 241 303 417 224 405 315 394 504 n/m
Capex (37) (58) (74) (97) (85) (53) (59) (60) (72) (66) (63) +6.7%
Free cash flow (143) 335 (142) 144 217 364 166 345 243 328 441 n/m
Balance, $m
Balance, $m Working capital 1,394 404 401 328 558 367 432 648 794 896 987 (4.8%)
Net debt 1,101 (193) 261 440 407 490 549 511 604 902 893 (2.2%)
Shareholders’ equity 1,634 1,140 863 725 811 663 733 898 1,079 1,145 1,274 (3.9%)
Returns, %
Returns, % ROA 4.10 0.98 4.56 1.19 1.14 3.40 1.52 1.09 3.75 3.87 3.74 (0.2) pt
ROIC 1.96 3.34 8.69 14.65 7.27 (5.07) 6.63 4.87 7.81 9.66 10.20 +7.7 pt
ROE 12.91 3.71 20.19 5.53 5.87 16.82 6.98 4.18 12.84 13.93 16.70 +1.0 pt
People
People Employees 8,091 9,238 4,688 5,200 5,000 3,920 3,818 3,895 4,011 4,560 — (6.2%)
Revenue/emp, $m 0.19 0.19 0.41 0.40 0.41 0.51 0.47 0.52 0.56 0.65 — +14.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

BGC Group, Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MKTX MarketAxess Holdings Inc. $5.8B 19.5× 21.3× −0.48% (below 0%: shrinking) +1.05% (above 0%: growing) −83.73% (below 0%: shrinking) 100.00% 41.15% Compare
RIOT Riot Platforms, Inc. $5.5B — (loss-making) — (loss-making) +0.66% (above 0%: growing) −96.67% (below 0%: shrinking) −276.72% (below 0%: shrinking) 0.00% 0.67% Compare
GLXY Galaxy Digital Inc. $5.0B — (loss-making) 205× −0.99% (below 0%: shrinking) n/m +80.14% (above 0%: growing) 0.86% (1.21%) Compare
WULF TeraWulf Inc. $5.0B — (loss-making) — (loss-making) −6.02% (below 0%: shrinking) n/m −695.25% (below 0%: shrinking) 72.30% (313.74%) Compare
BGC BGC Group, Inc. $4.9B 25.7× 7.4× +7.85% (above 0%: growing) +36.36% (above 0%: growing) +164.18% (above 0%: growing) 97.58% 12.38%
MC Moelis & Company $4.7B 19.3× 21.1× +12.05% (above 0%: growing) +16.36% (above 0%: growing) +8.25% (above 0%: growing) 100.00% 17.79% Compare
PIPR Piper Sandler Companies $4.7B 15.8× 14.2× −7.56% (below 0%: shrinking) −33.84% (below 0%: shrinking) +58.77% (above 0%: growing) 98.61% 15.04% Compare
FIGR Figure Technology Solutions, Inc. $4.7B 19.6× 20.3× +112.66% (above 0%: growing) +254.55% (above 0%: growing) −119.20% (below 0%: shrinking) 87.18% 34.46% Compare
MRX Marex Group PLC $4.7B 15.3× 10.4× +76.97% (above 0%: growing) +94.87% (above 0%: growing) +54.74% (above 0%: growing) 100.00% 21.10% Compare
Median of peers $4.9B 19.3× 20.7× +0.09% +8.71% −37.74% 92.89% 16.42%

All 97 Capital Markets stocks →

Pay and ownership Proxy statement filed 8 October 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2024 15.00m 16.90m 234.30
2023 17.04m 17.13m 185.31
2022 13.00m 13.10m 96.03
2021 19.83m 19.93m 117.20
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

BGC Group, Inc. (BGC) Latest News

5 Nov

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10 Sep

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27 Aug

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3 Aug

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1 Aug

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30 Jul

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28 Jul

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BGC metrics, ten years each

stockrow.com/BGC · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com