Last 47 quarters of trend data · Financial Services · Financial - Capital Markets
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
BGC Group, Inc's quarterly P/E stands at 74.4x, up 64.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 79.1% YoY to 7.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 35.81 | 74.42 | 42.23 | 23.25 | 20.84 | 45.30 | 76.50 | 25.94 | 19.42 | 45.13 | 44.00 | — | 26.15 |
| — | +64.3% | -44.8% | -10.4% | +7.3% | +0.4% | +73.9% | — | -25.7% | -73.2% | -43.9% | — | +66.4% | |
| P/S Ratio | 1.43 | 1.47 | 1.59 | 1.61 | 1.71 | 1.94 | 2.02 | 1.87 | 1.63 | 1.72 | 1.33 | 0.90 | 1.24 |
| — | -24.3% | -21.4% | -13.8% | +4.5% | +12.7% | +51.3% | +106.7% | +31.4% | +59.6% | +41.0% | -9.6% | +13.2% | |
| P/B Ratio | 4.66 | 3.71 | 4.02 | 4.47 | 3.90 | 4.02 | 4.21 | 3.83 | 4.02 | 3.83 | 2.95 | 2.12 | 3.27 |
| — | -7.9% | -4.7% | +16.7% | -3.0% | +5.0% | +43.0% | +80.8% | +22.7% | +51.2% | +34.3% | -9.4% | +8.8% | |
| P/FCF | — | — | 9.28 | 21.81 | — | 4.63 | 16.21 | — | 72.11 | 5.49 | 2.09 | — | 65.84 |
| — | — | -42.7% | — | — | -15.7% | +675.1% | — | +9.5% | -11.1% | -66.6% | — | — | |
| EV / EBITDA | 10.45 | 7.90 | 11.68 | 10.69 | 10.49 | 37.81 | 19.36 | 13.74 | 14.34 | 15.72 | 10.87 | 103.63 | 10.85 |
| — | -79.1% | -39.7% | -22.2% | -26.9% | +140.6% | +78.1% | -86.7% | +32.2% | +30.1% | +20.7% | +1251.7% | +42.5% | |
| EV / EBIT | 10.45 | — | 20.97 | 13.86 | 12.36 | 24.82 | 29.40 | 15.86 | 11.97 | 19.56 | 17.61 | — | 16.59 |
| — | — | -28.7% | -12.6% | +3.3% | +26.9% | +67.0% | — | -27.9% | -50.0% | +10.4% | — | +42.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
BGC Group, Inc's operating margin was 22.6% in Q4 2025, up 9.7 pp QoQ and up 20.3 pp YoY. The trailing four-quarter average of 16.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 130.6% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 40.9% | 42.3% | 43.7% | 43.4% | 45.4% | 44.3% | 44.5% | 45.3% | 46.1% | 44.2% | 44.9% |
| — | +130.6% | -9.8% | -4.4% | -1.9% | -4.3% | -1.4% | +0.1% | -0.7% | -14.4% | -0.2% | -3.0% | +1.1% | |
| Operating Margin | 16.8% | 22.6% | 12.9% | 15.0% | 15.6% | 2.3% | 8.9% | 12.8% | 9.8% | 9.1% | 10.7% | -2.7% | 10.6% |
| — | +869.3% | +45.9% | +17.3% | +59.5% | -74.2% | -17.0% | +575.8% | -7.9% | +15.2% | +8.0% | -120.8% | -26.6% | |
| Net Margin | 5.5% | 2.0% | 3.9% | 7.5% | 8.5% | 4.5% | 2.7% | 7.1% | 8.7% | 4.0% | 3.6% | -4.1% | 3.6% |
| — | -55.9% | +42.3% | +5.6% | -2.3% | +12.9% | -24.9% | +272.6% | +140.5% | +675.6% | +158.2% | -218.8% | -30.2% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 1.3% | 2.5% | 5.1% | 5.0% | 2.4% | 1.4% | 3.8% | 5.4% | 2.3% | 2.0% | -2.4% | 2.5% |
| — | -47.1% | +75.2% | +32.9% | -8.0% | +4.4% | -30.5% | +258.2% | +118.2% | +641.4% | +154.7% | -220.8% | -33.4% | |
| ROA | 3.9% | 0.3% | 0.5% | 1.2% | 1.3% | 0.6% | 0.3% | 0.9% | 1.3% | 0.6% | 0.4% | -0.5% | 0.5% |
| — | -55.6% | +52.4% | +34.4% | -0.1% | +11.5% | -20.5% | +290.4% | +159.6% | +891.4% | +256.1% | -253.2% | -19.9% | |
| ROIC | 13.0% | 4.2% | 2.3% | 3.0% | 2.8% | 0.4% | 1.5% | 2.2% | 1.9% | 1.6% | 1.8% | -0.5% | 2.2% |
| — | +969.9% | +60.5% | +33.7% | +48.8% | -75.5% | -18.3% | +572.5% | -12.2% | +16.0% | +3.3% | -120.3% | -26.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
BGC Group, Inc's Debt/EBITDA ratio is 10.9x, down from 15.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 3365.6% YoY to 65.98x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.55 | 1.55 | 1.61 | 1.73 | 1.48 | 1.37 | 1.38 | 1.39 | 1.32 | 1.49 | 1.38 | 1.70 | 1.40 |
| — | +13.3% | +16.3% | +24.5% | +12.0% | -8.1% | +0.0% | -18.4% | -6.0% | -10.0% | -6.6% | +17.8% | -3.7% | |
| Debt / EBITDA | 3.75 | 10.85 | 15.20 | 13.56 | 13.69 | 43.74 | 21.18 | 16.34 | 16.03 | 20.40 | 16.36 | 221.98 | 15.00 |
| — | -75.2% | -28.2% | -17.0% | -14.6% | +114.4% | +29.5% | -92.6% | +6.8% | -10.6% | -7.7% | +1454.9% | +27.6% | |
| Current Ratio | 65.98 | 65.98 | 1.46 | 1.71 | 1.28 | 1.90 | 1.57 | 1.64 | 1.22 | 1.88 | 1.29 | 1.57 | 1.25 |
| — | +3365.6% | -6.6% | +4.4% | +4.6% | +1.2% | +21.5% | +4.1% | -2.3% | -3.0% | +6.0% | +29.4% | -77.3% | |
| Quick Ratio | 65.98 | 65.98 | 1.46 | 1.71 | 1.28 | 1.90 | 1.57 | 1.64 | 1.22 | 1.88 | 1.29 | 1.57 | 1.25 |
| — | +3365.6% | -6.6% | +4.4% | +4.6% | +1.2% | +21.5% | +4.1% | -2.3% | -3.0% | +6.0% | +29.4% | -77.3% | |
| Interest Coverage | 3.78 | 4.95 | 2.76 | 3.42 | 4.12 | 0.54 | 1.92 | 3.17 | 2.76 | 2.18 | 2.43 | -0.65 | 3.55 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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BGC Group, Inc's current P/E is 35.8x. The average P/E over the last 4 quarters is 40.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
BGC Group, Inc's current operating margin is 16.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking BGC Group, Inc's business trajectory between earnings reports.