BGC Group, Inc. (BGC) vs Marex Group PLC (MRX)

BGC Group, Inc. and Marex Group PLC are both Capital Markets companies. BGC Group, Inc. is the larger, with a market value of $5.8B against $5.2B — 1.1× the size. Marex Group PLC trades at the lower P/E: 16.9× against 28.9×. Marex Group PLC has the higher net margin (15.3% vs 6.04%) and the lower return on invested capital (0.00% vs 10.2%). Across the 18 metrics below, Marex Group PLC leads on 11 and BGC Group, Inc. on 7.

Valuation

Metric BGC MRX Capital Markets median
P/E 28.88 16.86 15.78
P/S 1.71 2.49 2.32
P/B 4.42 2.74 1.89
Price to free cash flow 14.81 2.23 6.25
EV/EBITDA 10.65 n/m 8.87
EV/Sales 1.99 (3.31) 2.28
Earnings yield 3.46% 5.93% (3.77%)
Free cash flow yield 6.75% 44.87% (1.49%)

Profitability

Metric BGC MRX Capital Markets median
Gross margin 97.63% 100.00% 62.80%
Operating margin 10.73% 36.42% 0.00%
Net margin 6.04% 15.28% (0.55%)
Free cash flow margin 13.38% 0.00% 0.00%
Return on equity 16.70% 0.00% 0.00%
Return on assets 3.74% 0.00% 0.00%
Return on invested capital 10.20% 0.00% 0.00%

Growth

Metric BGC MRX Capital Markets median
Revenue growth (TTM) 27.60% — 21.02%
EPS growth (last fiscal year) 24.00% 41.91% —
Revenue growth, 5-year CAGR 7.42% — 18.16%
Net income growth, 5-year CAGR 28.02% — 0.00%

Health

Metric BGC MRX Capital Markets median
Debt to equity 1.39 4.96 0.08
Current ratio 1.37 1.09 1.51
Net debt to EBITDA 1.60 (12.17) (0.24)

Dividend

Metric BGC MRX Capital Markets median
Dividend yield 0.55% — 2.20%
Payout ratio 0.13 — 0.00

Size

Metric BGC MRX Capital Markets median
Market cap 5.77b 5.23b 724.58m

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