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BGC Group, Inc (BGC) 10-Year Financial Performance & Capital Metrics

BGC • • Banking & Credit
Financial ServicesCapital MarketsCapital Markets InfrastructureElectronic Trading Platforms
AboutBGC Group, Inc. operates as a financial brokerage and technology company in the United States and internationally. The company offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; equities, energy and commodities, shipping, insurance, and futures and options. It also provides trade execution, connectivity solutions, brokerage services, clearing, trade compression and other post-trade services, information, and other back-office services to an assortment of financial and non-financial institutions. In addition, the company offers electronic and hybrid brokerage, other financial technology solutions, market data and related information services, and analytics related to financial instrument and markets. Its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, and enables to use ots Voice, Hybrid, or in various markets, as well as fully electronic brokerage services in connection with transactions executed either OTC or through an exchange. It primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Group, Inc. was founded in 1945 and is headquartered in New York, New York.Show more
  • Net Interest Income -$35M -9.6%
  • Total Revenue $2.21B +11.4%
  • Net Income $127M +250.2%
  • Return on Equity 12.84% +188.9%
  • Net Interest Margin -0.97% +3.1%
  • Efficiency Ratio 36% -5.5%
  • ROA 3.75% +223.4%
  • Equity / Assets 30.05% +6.2%
  • Book Value per Share 2.25 +22.9%
  • Tangible BV/Share 0.62 +68.8%
  • Debt/Equity 1.37 -8.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 23.7%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Efficient operations: 36.0% efficiency ratio
  • ✓Well capitalized: 30.0% equity/assets
  • ✓Share count reduced 2.2% through buybacks
  • ✓Diversified revenue: 97.5% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -1.0%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.12%
5Y1.13%
3Y3.45%
TTM-

Profit (Net Income) CAGR

10Y-
5Y23.67%
3Y0.79%
TTM36.2%

EPS CAGR

10Y-
5Y9.34%
3Y-7.9%
TTM30.4%

ROCE

10Y Avg5.46%
5Y Avg5.84%
3Y Avg7.75%
Latest7.61%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TWTradeweb Markets Inc.12.13B104.1144.4928.97%29.06%9.08%7.06%0.01
BGCBGC Group, Inc3.22B8.9535.8011.45%5.75%14.52%7.57%1.37
MKTXMarketAxess Holdings Inc.6.49B174.6623.998.58%33.56%15.79%5.78%0.05
DFINDonnelley Financial Solutions, Inc.1.46B55.1818.03-1.92%11.82%7.68%7.18%0.33
SNEXStoneX Group Inc.5.53B105.8917.9832.53%0.23%12.87%7.68
MRXMarex Group plc Ordinary Shares2.86B39.9414.6823.06%7.53%31.07%39.93%6.28
VIRTVirtu Financial, Inc.3.05B35.8812.0825.45%9.61%24.84%17.88%3.84
HGBLHeritage Global Inc.49.33M1.4210.14-25.08%11.42%4.64%15.42%0.04

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+-54.29M-48.72M-62.4M-28.09M-41.93M-64.28M-47.35M-36.92M-31.81M-34.85M
NII Growth %-0.77%0.1%-0.28%0.55%-0.49%-0.53%0.26%0.22%0.14%-0.1%
Net Interest Margin %----------
Interest Income24.74M8.9M14.56M14.4M18.32M12.33M21.98M21.01M45.42M56.22M
Interest Expense79.03M57.62M76.96M42.49M60.25M76.61M69.33M57.93M77.23M91.08M
Loan Loss Provision1.74B860.34M932.47M1.04B1.15B1.14B1.29B879.17M1.01B1.14B
Non-Interest Income+2.76B1.55B1.72B1.91B2.07B2.03B1.97B1.75B1.93B2.15B
Non-Interest Income %----------
Total Revenue+2.78B1.55B1.74B1.92B2.09B2.04B1.99B1.77B1.98B2.21B
Revenue Growth %0.56%-0.44%0.12%0.11%0.08%-0.02%-0.02%-0.11%0.12%0.11%
Non-Interest Expense776.75M510.65M621.34M622.71M651.67M610.33M667.92M634.65M754.55M794.42M
Efficiency Ratio----------
Operating Income+192.49M125.7M105.63M213.85M224.18M218.54M-34.61M202.54M138.66M185.1M
Operating Margin %----------
Operating Income Growth %0.44%-0.35%-0.16%1.02%0.05%-0.03%-1.16%6.85%-0.32%0.33%
Pretax Income+438.78M120.46M4.14M171.92M116.63M72.22M176.5M97.45M57.71M173.14M
Pretax Margin %----------
Income Tax+120.62M56.34M92.77M63.77M49.81M21.3M23.01M38.58M18.93M49.91M
Effective Tax Rate %----------
Net Income+159.96M185.02M51.48M202.2M43.9M45.06M124.01M48.71M36.27M126.99M
Net Margin %----------
Net Income Growth %53.45%0.16%-0.72%2.93%-0.78%0.03%1.75%-0.61%-0.26%2.5%
Net Income (Continuing)318.16M64.12M-88.64M108.15M66.82M50.92M153.49M58.87M38.77M123.23M
EPS (Diluted)+0.500.360.110.560.160.080.320.130.070.25
EPS Growth %37.23%-0.28%-0.69%4.09%-0.71%-0.48%2.88%-0.59%-0.46%2.57%
EPS (Basic)0.520.670.180.600.160.140.330.130.080.26
Diluted Shares Outstanding335.39M433.23M454.26M323.84M524.55M546.85M540.02M499.41M489.99M479.14M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks462.13M535.61M513.31M336.54M415.38M596.29M553.6M484.99M655.64M711.58M
Short Term Investments1000K1000K1000K1000K1000K1000K0000
Total Investments+872.71M1.58B2.64B400.48M513.23M587.76M156.38M161.53M169.67M361.3M
Investments Growth %1.52%0.8%0.68%-0.85%0.28%0.15%-0.73%0.03%0.05%1.13%
Long-Term Investments840.35M1.54B2.61B342.07M455.7M529.19M156.38M161.53M169.67M361.3M
Accounts Receivables1000K01000K1000K1000K1000K1000K000
Goodwill & Intangibles+----------
Goodwill811.77M863.88M468.05M504.65M553.75M556.21M486.92M486.58M506.34M540.29M
Intangible Assets233.97M592.98M286.1M298.78M303.22M287.16M207.75M192.78M211.28M240.91M
PP&E (Net)147.5M167.24M124.53M157.17M373.91M381.99M326.36M313.26M302.46M304.47M
Other Assets-121.49M-95.13M23.28M-97.73M-54.75M-122.64M50.69M97.2M1.11B18.02M
Total Current Assets1.88B1.79B1.86B2.14B2.2B2.2B2B1.75B655.64M1.85B
Total Non-Current Assets2.1B3.26B3.57B1.29B1.73B1.76B1.36B1.4B2.52B1.74B
Total Assets+3.98B5.05B5.43B3.43B3.93B3.95B3.34B3.07B3.18B3.59B
Asset Growth %0.45%0.27%0.08%-0.37%0.14%0.01%-0.15%-0.08%0.03%0.13%
Return on Assets (ROA)0.05%0.04%0.01%0.05%0.01%0.01%0.03%0.02%0.01%0.04%
Accounts Payable029.96M32.19M11.96M11.95M11.84M01.63M76K0
Total Debt+958.77M1.91B725.79M785.82M1.35B1.51B1.23B1.21B1.34B1.48B
Net Debt496.63M1.38B212.49M449.29M933.57M913.7M672.02M728.29M682.23M765.03M
Long-Term Debt801.43M1.66B719.75M779.67M1.09B1.32B1.05B1.05B944.33M1.14B
Short-Term Debt157.33M257.97M6.05M6.15M73.91M3.85M3.58M1.92M239.18M195.83M
Other Liabilities1.45B1.08B3.1B1.29B932.32M704.91M246.03M209.09M224.86M245.54M
Total Current Liabilities462.16M677.68M463.96M484.41M976.51M906.58M1.19B900.05M929.06M973.7M
Total Non-Current Liabilities2.29B2.74B3.83B2.09B2.23B2.24B1.49B1.44B1.35B1.54B
Total Liabilities2.75B3.41B4.29B2.57B3.2B3.14B2.68B2.34B2.28B2.51B
Total Equity+1.23B1.63B1.14B863.17M724.97M811.3M663.32M733.21M898.16M1.08B
Equity Growth %1.12%0.33%-0.3%-0.24%-0.16%0.12%-0.18%0.11%0.22%0.2%
Equity / Assets (Capital Ratio)----------
Return on Equity (ROE)0.18%0.13%0.04%0.2%0.06%0.06%0.17%0.07%0.04%0.13%
Book Value per Share3.673.772.512.671.381.481.231.471.832.25
Tangible BV per Share----------
Common Stock53M45.74M43.88M3.88M4.04M4.19M4.82M5.18M5.13M5.34M
Additional Paid-in Capital1.11B1.66B1.76B2.21B2.27B2.38B2.45B2.56B2.11B2.31B
Retained Earnings-290.21M-212.86M-859.01M-1.11B-1.25B-1.28B-1.17B-1.14B-1.12B-1.03B
Accumulated OCI-25.06M-23.2M-10.49M-24.46M-33.1M-28.93M-40.55M-45.43M-38.58M-59.85M
Treasury Stock-212.33M-288.74M-303.87M-314.24M-315.31M-315.31M-623.73M-711.45M-67.41M-331.73M
Preferred Stock0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+685.92M-672.86M1.29B-815.58M241.1M302.61M417.19M224.36M405.2M315.35M
Operating CF Growth %3.11%-1.98%2.92%-1.63%1.3%0.26%0.38%-0.46%0.81%-0.22%
Net Income318.16M64.12M-88.64M108.15M66.82M45.06M153.49M58.87M36.27M126.99M
Depreciation & Amortization138.66M62.55M65.44M71.5M79.47M84.11M81.87M75.05M80.42M81.43M
Deferred Taxes60.02M-32.1M19.86M-23.74M-4.2M-16.55M-11.95M-14.63M-60.56M-69.75M
Other Non-Cash Items-34.92M-613.11M911.36M-784.92M31.16M97.47M-87.97M50.49M41.9M-17.55M
Working Capital Changes-74.67M-309.37M147.35M-391.64M-97.75M-91.03M25.58M-196.49M-48.2M-174.91M
Cash from Investing+-100.64M332.91M-153.59M27.58M-42.59M-77.94M121.13M-53.33M-90.71M-96.99M
Purchase of Investments-11.63M-68.4M0-925K-1.72M-1.46M-18.74M00-13.15M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K0000
Net Investment Activity----------
Acquisitions-159.85M-144.81M-92.88M-50.56M30.28M-5M543.83M0-30.33M0
Other Investing-19.34M-71.71M-73.92M-31.47M-272K-887K-393.84M6.04M-45.45M-54.22M
Cash from Financing+-724.26M318.3M-935.08M418.82M18.25M-13.1M-819.54M-233.21M-146.88M-149.02M
Dividends Paid-131.36M-240.22M-200.12M-231.45M-192.44M-60.44M-15.1M-14.86M-17.38M-34.16M
Share Repurchases-46.4M-148.02M-62.37M-62.38M-44.51M-47.62M-475.96M-180.11M-232.45M-401.11M
Stock Issued6.57M17.64M26.61M327.62M000000
Net Stock Activity----------
Debt Issuance (Net)-1000K1000K1000K1000K1000K1000K-1000K-1000K1000K1000K
Other Financing-87.47M559.92M-1.7B195.43M-122.28M-57.75M-60.65M-31.77M-26.2M136.19M
Net Change in Cash+-147.72M-21.53M203.35M-380.01M219.39M212.57M-286.61M-64.79M170.89M60.38M
Exchange Rate Effect-1000K118K1000K-1000K1000K993K-1000K-1000K1000K-1000K
Cash at Beginning710.75M614.97M593.43M796.79M416.78M640.84M853.41M566.8M502.01M672.9M
Cash at End563.03M593.43M796.79M416.78M636.11M853.41M566.8M502.01M672.9M733.27M
Interest Paid68.12M63.6M75.31M41.95M51.78M69.57M66.45M53.66M80.66M88.39M
Income Taxes Paid43.79M94.48M78.3M66.54M48M41.91M43.36M35.78M70.72M103.52M
Free Cash Flow+627.58M-709.65M1.23B-889.92M143.6M217.44M363.89M165.6M345.31M243.29M
FCF Growth %3.5%-2.13%2.73%-1.72%1.16%0.51%0.67%-0.54%1.09%-0.3%

Banking Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)17.64%12.91%3.71%20.19%5.53%5.87%16.82%6.98%4.45%12.84%
Return on Assets (ROA)4.75%4.1%0.98%4.56%1.19%1.14%3.4%1.52%1.16%3.75%
Net Interest Margin-1.36%-0.97%-1.15%-0.82%-1.07%-1.63%-1.42%-1.2%-1%-0.97%
Efficiency Ratio27.9%32.85%35.78%32.38%31.24%29.85%33.51%35.77%38.11%36%
Equity / Assets30.93%32.36%20.99%25.15%18.46%20.52%19.85%23.84%28.28%30.05%
Book Value / Share3.673.772.512.671.381.481.231.471.832.25
NII Growth-77.22%10.25%-28.07%54.98%-49.26%-53.3%26.33%22.02%13.86%-9.57%
Dividend Payout82.12%129.84%388.76%114.47%438.35%134.13%12.18%30.5%47.93%26.9%

Frequently Asked Questions

Valuation & Price

BGC Group, Inc (BGC) has a price-to-earnings (P/E) ratio of 35.8x. This suggests investors expect higher future growth.

Growth & Financials

BGC Group, Inc (BGC) grew revenue by 11.4% over the past year. This is steady growth.

Yes, BGC Group, Inc (BGC) is profitable, generating $165.8M in net income for fiscal year 2024 (5.8% net margin).

Dividend & Returns

Yes, BGC Group, Inc (BGC) pays a dividend with a yield of 0.80%. This makes it attractive for income-focused investors.

BGC Group, Inc (BGC) has a return on equity (ROE) of 12.8%. This is reasonable for most industries.

Industry Metrics

BGC Group, Inc (BGC) has a net interest margin (NIM) of -1.0%. NIM has been under pressure due to interest rate environment.

BGC Group, Inc (BGC) has an efficiency ratio of 36.0%. This is excellent, indicating strong cost control.

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