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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. In the quarter to June 2026, revenue grew 7.85%, EPS grew 36.4%, free cash flow grew 164.2% and total debt fell 7.50%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.

11.59 0.01 −0.09%
Market cap
$5.4B
P/E
28.3×
Fwd P/E
7.4×
Dividend yield
—
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.10
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 26.07%

Capital & Financial Ratios $m

Market Cap 5,410.00
Revenue 3,294.24
Net Income 189.20
Free Cash Flow 440.61
Net Debt 892.94
Current Ratio 1.37
Debt/Equity 1.39
P/E ratio 28.27
Fwd P/E 7.44
P/S ratio 1.67
P/B ratio 4.33
Past 5Y EPS Growth 27.20% (at or above 15%: strong)
This Y EPS Growth 20.76% (at or above 15%: strong)
Next Y EPS Growth 12.28%
Next Y revenue growth 17.53% (at or above 10%: strong)
Next 5Y EPS Growth 15.62% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 44.38%
10-year low 10-year high
P/S against its own 10 years 83.63%
10-year low 10-year high
P/B against its own 10 years 94.29%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 0.03
0.01
0.01
0.01
2022 0.04
0.01
0.01
0.01
0.01
2021 0.04
0.01
0.01
0.01
0.01
2020 0.17
0.14
0.01
0.01
0.01
2019 0.56
0.14
0.14
0.14
0.14
2018 0.45
0.11
0.11
0.11
0.11
2017 0.44
0.10
0.11
0.11
0.11
2016 0.39
0.09
0.10
0.10
0.10
predictions special payouts not included in total or ratios

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%

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.

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 0.28
’20 0.04 0.07 0.02 (0.01) 0.09
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

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 5.26 6.62 5.04 4.46 2.07 3.52 3.00 3.82 6.58 7.24

Analyst estimates 2026–2028

Powerpack
High 6.84 10.91 9.81 6.41 6.15 6.52 4.79 7.32 11.79 10.96
People
People Employees 8,091 9,238 4,688 5,200 5,000 3,920 3,818 3,895 4,011 4,560
Revenue/emp, $m 0.19 0.19 0.41 0.40 0.41 0.51 0.47 0.52 0.56 0.65
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
Gross margin, % 97.58 97.54 96.81 96.98 97.11 96.79 96.75 96.96 96.87 97.61
EBT 120 4 172 117 72 177 97 58 173 214
EBT margin, % 7.75 0.24 8.87 5.54 3.51 8.76 5.43 2.85 7.65 7.27
Net income 254 82 287 67 51 153 59 39 123 147
Depreciation 103 93 87 121 157 303 127 135 142 248
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
Earnings 0.37 0.18 0.60 0.16 0.14 0.33 0.13 0.08 0.26 0.31
Cash flow (0.38) 1.37 (0.21) 0.70 0.84 1.10 0.60 0.95 0.67 0.83
Capex (0.13) (0.20) (0.23) (0.28) (0.24) (0.14) (0.16) (0.14) (0.15) (0.14)
Free cash flow (0.52) 1.17 (0.44) 0.42 0.60 0.96 0.45 0.81 0.51 0.69
Book value 5.90 3.97 2.68 2.11 2.24 1.75 1.97 2.11 2.28 2.40
Shares, m 277 287 322 344 362 379 372 426 473 476
Valuation, ×
Valuation, × P/E 17.21 973.00 8.62 37.13 29.85 13.29 28.14 99.71 34.85 28.81
P/S 1.20 0.98 0.88 0.97 0.70 0.88 0.82 1.47 1.90 1.45
P/B 1.14 2.48 1.98 2.82 1.78 2.66 2.00 3.31 3.97 3.71
EV/Sales 1.79 0.91 1.02 1.18 0.90 1.12 1.12 1.72 2.28 1.72
EV/FCF (19.36) 7.88 (10.61) 39.85 13.83 7.42 19.13 12.24 28.25 18.84
Cash, $m
Cash, $m Operating cash flow (107) 393 (67) 241 303 417 224 405 315 394
Capex (37) (58) (74) (97) (85) (53) (59) (60) (72) (66)
Free cash flow (143) 335 (142) 144 217 364 166 345 243 328
Balance, $m
Balance, $m Working capital 1,394 404 401 328 558 367 432 648 794 896
Total debt 1,914 581 769 1,148 1,320 1,056 1,051 1,184 1,338 1,776
Net debt 1,101 (193) 261 440 407 490 549 511 604 902
Shareholders’ equity 1,634 1,140 863 725 811 663 733 898 1,079 1,145
Returns, %
Returns, % ROA 4.10 0.98 4.56 1.19 1.14 3.40 1.52 1.16 3.75 3.87
ROIC 1.96 3.34 8.69 14.65 7.27 (5.07) 6.63 4.87 7.81 9.66
ROE 12.91 3.71 20.19 5.53 5.87 16.82 6.98 4.45 12.84 13.93
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
GLXY Galaxy Digital Inc. $7.1B — (loss-making) — (loss-making) −0.99% (below 0%: shrinking) n/m +80.14% (above 0%: growing) 0.86% (1.21%) Compare
WULF TeraWulf Inc. $6.3B — (loss-making) — (loss-making) −6.02% (below 0%: shrinking) n/m −695.25% (below 0%: shrinking) 72.30% (313.74%) Compare
FIGR Figure Technology Solutions, Inc. $6.2B 17.7× 30.4× +112.66% (above 0%: growing) −9.34% (below 0%: shrinking) −119.20% (below 0%: shrinking) 87.18% 34.46% Compare
RIOT Riot Platforms, Inc. $5.8B — (loss-making) — (loss-making) +13.89% (above 0%: growing) n/m +49.16% (above 0%: growing) 23.67% (137.42%) Compare
MKTX MarketAxess Holdings Inc. $5.8B 19.4× 14.6× −0.48% (below 0%: shrinking) +1.05% (above 0%: growing) −83.73% (below 0%: shrinking) 100.00% 41.15% Compare
BGC BGC Group, Inc. $5.4B 28.3× 7.4× +7.85% (above 0%: growing) +36.36% (above 0%: growing) +164.18% (above 0%: growing) 97.58% 12.38%
MRX Marex Group PLC $5.2B 16.7× 11.3× +76.97% (above 0%: growing) +94.87% (above 0%: growing) +54.74% (above 0%: growing) 100.00% 21.10% Compare
PIPR Piper Sandler Companies $4.6B 14.2× 16.3× +24.88% (above 0%: growing) +58.10% (above 0%: growing) +58.77% (above 0%: growing) 98.91% 20.27% Compare
MC Moelis & Company $4.5B 18.0× 21.5× +12.05% (above 0%: growing) +16.36% (above 0%: growing) +8.25% (above 0%: growing) 100.00% 17.79% Compare
Median of peers $5.8B 17.7× 16.3× +12.97% +16.36% +28.70% 93.05% 19.03%

All 93 Capital Markets stocks →

BGC Group, Inc. (BGC) key facts

  • Strength: BGC Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.9 billion, up 30.0% from fiscal 2024.
  • BGC Group, Inc. (BGC) is a Capital Markets company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, BGC traded at $11.59, a market capitalization of $5.4 billion.
  • Return on equity was 13.9% and debt-to-equity 1.39.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

BGC Group, Inc. (BGC) Latest News

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stockrow.com/BGC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com