BGC Group, Inc. (BGC) vs PJT Partners Inc. (PJT)

BGC Group, Inc. and PJT Partners Inc. are both Capital Markets companies. BGC Group, Inc. is the larger, with a market value of $4.9B against $3.9B — 1.2× the size. PJT Partners Inc. trades at the lower P/E: 18.7× against 25.7×. BGC Group, Inc. grew revenue faster over the last twelve months: 27.6% against 10.2%. PJT Partners Inc. has the higher net margin (10.5% vs 6.04%) and the lower return on invested capital (0.00% vs 10.2%). Across the 20 metrics below, PJT Partners Inc. leads on 11 and BGC Group, Inc. on 9.

Valuation

Metric BGC PJT Capital Markets median
P/E 25.66 18.74 14.35
P/S 1.52 2.25 2.07
P/B 3.93 4.17 1.36
Price to free cash flow 13.16 6.19 9.28
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.90% 5.34% (8.28%)
Free cash flow yield 7.60% 16.15% (1.12%)

Profitability

Metric BGC PJT Capital Markets median
Gross margin 97.63% 33.09% 68.15%
Operating margin 10.73% 20.51% 0.00%
Net margin 6.04% 10.50% (0.34%)
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 PJT Capital Markets median
Revenue growth (TTM) 27.60% 10.21% 19.72%
EPS growth (last fiscal year) 24.00% 35.77% 16.79%
Revenue growth, 5-year CAGR 7.42% 10.24% 17.41%
Net income growth, 5-year CAGR 28.02% 8.92% 0.00%

Health

Metric BGC PJT Capital Markets median
Debt to equity 1.39 0.00 0.07
Current ratio 1.37 2.08 1.51
Net debt to EBITDA 1.60 (1.44) (0.03)

Dividend

Metric BGC PJT Capital Markets median
Dividend yield — 0.65% 1.58%
Payout ratio — 0.14 0.19

Size

Metric BGC PJT Capital Markets median
Market cap 4.88b 3.92b 527.01m

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