BGC Group, Inc. (BGC) vs Galaxy Digital Inc. (GLXY)

BGC Group, Inc. and Galaxy Digital Inc. are both Capital Markets companies. Galaxy Digital Inc. is the larger, with a market value of $7.1B against $5.4B — 1.3× the size. Galaxy Digital Inc. has negative trailing earnings, so its P/E is not meaningful; BGC Group, Inc. trades at 28.3×. BGC Group, Inc. grew revenue faster over the last twelve months: 27.6% against 3.68%. BGC Group, Inc. has the higher net margin (6.04% vs −0.34%) and the higher return on invested capital (10.2% vs −7.30%). Across the 16 metrics below, BGC Group, Inc. leads on 12 and Galaxy Digital Inc. on 4.

Valuation

Metric BGC GLXY Capital Markets median
P/E 28.27 n/m 14.20
P/S 1.67 0.05 2.00
P/B 4.33 1.14 1.51
Price to free cash flow 14.49 n/m 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.54% (3.94%) (3.94%)
Free cash flow yield 6.90% (60.61%) (1.62%)

Profitability

Metric BGC GLXY Capital Markets median
Gross margin 97.63% 0.40% 62.80%
Operating margin 10.73% (0.53%) 0.00%
Net margin 6.04% (0.34%) (0.55%)
Free cash flow margin 13.38% (3.29%) 0.00%
Return on equity 16.70% (7.22%) 0.00%
Return on assets 3.74% (1.94%) 0.00%
Return on invested capital 10.20% (7.30%) 0.00%

Growth

Metric BGC GLXY Capital Markets median
Revenue growth (TTM) 27.60% 3.68% 20.70%
EPS growth (last fiscal year) 24.00% (162.76%) 22.92%
Revenue growth, 5-year CAGR 7.42% — 18.16%
Net income growth, 5-year CAGR 28.02% — 0.00%

Health

Metric BGC GLXY Capital Markets median
Debt to equity 1.39 1.14 0.08
Current ratio 1.37 1.50 1.50
Net debt to EBITDA 1.60 3.17 (0.24)

Dividend

Metric BGC GLXY Capital Markets median
Dividend yield — — 1.36%
Payout ratio — — 0.19

Size

Metric BGC GLXY Capital Markets median
Market cap 5.41b 7.13b 565.91m

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