BGC Financial Services

BGC Group, Inc.

$11.15-2.28%

Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026

Basics

Sector: Financial Services
Industry: Capital Markets
Country: United States
Market cap: 5.2B USD
Full-time employees: 4,533

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #366 of 791 banks & insurance companies (top 47%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Fast revenue growth. Revenue grew 28% in the 12 months to June 2026 vs the 12 months before, faster than 85% of peers.
Revenue grew 28% in the 12 months to June 2026 vs the 12 months before, faster than 85% of its peers.
Swings more than its peers. Beta 0.99: swings more than most peers, though less than the market.
BGC's shares have swung more with the market than most peers' (beta 0.99).

StockQuotient Score

53/ 100

Oct 5 55 → Nov 4 53 (-2)

Valuation

Is the price right?

6/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ P/B
▼ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield21.0%

SEC filings · latest balance sheetReported value40% base weight · Z-score -2.06Sector median: 0.7950 · MAD: 0.2843

Earnings yield3.6%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -1.69Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yield6.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield9.2%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

68/100

Moderate

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth29.4%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score 0.76Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth20.6%

SEC filings · 3 years to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth27.6%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

85/100

Strong

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets3.3%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 3.42Sector median: 0.0117 · MAD: 0.0062

Return on equity17.2%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 1.67Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating margin8.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about BGC

Is BGC getting weaker?: Its latest SEC filing (Oct 8, 2026) showed no major changes. Its overall score is unchanged at 53/100 since Oct 28, 2026.
How is BGC valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 950 banks & insurance peers. Book yield 21.0% vs a peer median of 79.5% (weaker than 100% of peers).Book yield 21.0% vs peers 79.5% (weaker than 100% of peers).
Is BGC growing?: Yes, faster than most of its peers. Growth scores 68/100 against 950 banks & insurance peers. Earnings per share growth 29.4% vs a peer median of 16.0% (stronger than 68% of peers).Earnings per share growth 29.4% vs peers 16.0% (stronger than 68% of peers).
How profitable is BGC?: More profitable than most of its peers. Profitability scores 85/100 against 950 banks & insurance peers. Return on assets 3.3% vs a peer median of 1.2% (stronger than 86% of peers).Return on assets 3.3% vs peers 1.2% (stronger than 86% of peers).
How risky is BGC?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Oct 8, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.2B USD	3.3B USD	+1.9%
Net income (12 months)	183.9M USD	190.5M USD	+3.5%
Operating margin	8.9%	8.7%	−0.2 pts
Free cash flow (12 months)	392.6M USD	484.4M USD	+23.4%
Debt	1.8B USD	1.8B USD	−0.2%
Cash	781.0M USD	766.9M USD	−1.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Capital Markets · 24 companies

Valuations in Capital Markets are above their usual range since Nov 2016.

62% of months since Nov 2016 were valued lower than now.
56% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +34% and earnings +87% (medians): earnings grew faster than prices.
Median price-to-book is +21% vs the whole market, against a usual +28%.

Nov 2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-8.1%	7.6%	5.4%	7.6%	8.5%	▲ 0.9 pts
Net margin	7.6%	3.3%	1.9%	5.4%	5.3%	▼ 0.2 pts
Return on assets (ROA)	4.6%	1.9%	1.2%	3.4%	3.5%	▲ 0.1 pts
Return on equity (ROE)	24.8%	8.8%	4.4%	13.7%	15.9%	▲ 2.2 pts
Debt to equity	1.70×	1.57×	1.34×	1.49×	1.85×	▲ 24%
Interest coverage	-2.35×	2.35×	1.42×	1.88×	1.99×	▲ 5.7%

BGC price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #366 of 791 banks & insurance companies (top 47%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Fast revenue growth. Revenue grew 28% in the 12 months to June 2026 vs the 12 months before, faster than 85% of peers.

Revenue grew 28% in the 12 months to June 2026 vs the 12 months before, faster than 85% of its peers.

Swings more than its peers. Beta 0.99: swings more than most peers, though less than the market.

BGC's shares have swung more with the market than most peers' (beta 0.99).

Questions investors ask about BGC

Is BGC getting weaker?

Its latest SEC filing (Oct 8, 2026) showed no major changes. Its overall score is unchanged at 53/100 since Oct 28, 2026.

How is BGC valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 6/100 against 950 banks & insurance peers. Book yield 21.0% vs a peer median of 79.5% (weaker than 100% of peers).Book yield 21.0% vs peers 79.5% (weaker than 100% of peers).

Is BGC growing?

Yes, faster than most of its peers. Growth scores 68/100 against 950 banks & insurance peers. Earnings per share growth 29.4% vs a peer median of 16.0% (stronger than 68% of peers).Earnings per share growth 29.4% vs peers 16.0% (stronger than 68% of peers).

How profitable is BGC?

More profitable than most of its peers. Profitability scores 85/100 against 950 banks & insurance peers. Return on assets 3.3% vs a peer median of 1.2% (stronger than 86% of peers).Return on assets 3.3% vs peers 1.2% (stronger than 86% of peers).

How risky is BGC?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.2B USD

3.3B USD

+1.9%

Net income (12 months)

183.9M USD

190.5M USD

+3.5%

Operating margin

8.9%

8.7%

−0.2 pts

Free cash flow (12 months)

392.6M USD

484.4M USD

+23.4%

Debt

1.8B USD

1.8B USD

−0.2%

Cash

781.0M USD

766.9M USD

−1.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-8.1%

7.6%

5.4%

7.6%

8.5%

▲ 0.9 pts

Net margin

7.6%

3.3%

1.9%

5.4%

5.3%

▼ 0.2 pts

Return on assets (ROA)

4.6%

1.9%

1.2%

3.4%

3.5%

▲ 0.1 pts

Return on equity (ROE)

24.8%

8.8%

4.4%

13.7%

15.9%

▲ 2.2 pts

Debt to equity

1.70×

1.57×

1.34×

1.49×

1.85×

▲ 24%

Interest coverage

-2.35×

2.35×

1.42×

1.88×

1.99×

▲ 5.7%