BGC Group, Inc. key statistics and ratios
In fiscal 2025, BGC Group, Inc. had return on equity of 16.6%, a net margin of 5.3% and debt equal to 184.7% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 1.7% | 1.6% | 1.4% | 1.4% | 4.1% | −0.2% | 5.7% | 11.9% | 2.9% | 10.4% | 2.1% | 2.5% | 7.6% | 3.3% | 1.9% | 5.4% | 5.3% | 6.0% |
| Free-cash-flow margin | 29.7% | 2.2% | 4.0% | 7.8% | 8.2% | 8.5% | 23.2% | −8.0% | 21.0% | −4.7% | 9.2% | 13.2% | 20.2% | 11.9% | 19.3% | 12.6% | 12.7% | 14.7% |
| Return on equity | 6.0% | 7.4% | 7.3% | 7.3% | 17.8% | −0.6% | 26.3% | 20.4% | 5.7% | 28.8% | 6.1% | 7.1% | 22.3% | 9.1% | 5.0% | 13.8% | 16.6% | 19.1% |
| Return on assets | — | 1.4% | 1.4% | 1.6% | 3.8% | −0.1% | 4.8% | 4.1% | 1.0% | 4.6% | 1.2% | 1.3% | 4.2% | 1.8% | 1.2% | 3.6% | 3.9% | 3.9% |
| Asset turnover | — | 0.91 | 1.02 | 1.13 | 0.94 | 0.74 | 0.83 | 0.34 | 0.33 | 0.44 | 0.57 | 0.52 | 0.55 | 0.56 | 0.65 | 0.67 | 0.73 | 0.65 |
| Debt to equity | 0.0% | 0.0% | 109.1% | 135.0% | 87.9% | 121.4% | 132.5% | 81.6% | 91.7% | 100.0% | 170.1% | 175.0% | 170.5% | 157.0% | 133.7% | 148.9% | 184.7% | 160.5% |
| Effective tax rate | — | 20.3% | 29.4% | 36.3% | 34.7% | — | 27.5% | 46.8% | — | 37.1% | 42.7% | 29.5% | 13.0% | 39.6% | 32.8% | 28.8% | 31.4% | 30.7% |
| Capital spending as % of revenue | 2.5% | 2.2% | 1.9% | 2.1% | 1.3% | 0.8% | 1.4% | 1.1% | 1.4% | 1.3% | 2.2% | 1.5% | 0.5% | 0.6% | 0.7% | 1.3% | 0.7% | 0.6% |
| Free cash flow ÷ net income | >999% | 140.8% | 288.8% | 563.4% | 202.2% | — | 404.4% | −67.3% | 714.4% | −45.4% | 442.9% | 533.8% | 265.2% | 363.1% | >999% | 231.9% | 240.6% | 243.6% |
| Dividends ÷ net income | 120.7% | 201.3% | 383.6% | 379.6% | 128.9% | — | 82.1% | 92.3% | 388.8% | 114.5% | 438.4% | 118.7% | 9.8% | 25.2% | 44.8% | 27.7% | 25.2% | 19.5% |
| Dividends and buybacks ÷ free cash flow | 9.3% | 209.6% | 133.5% | 67.6% | 74.6% | 134.5% | 22.2% | — | 59.0% | — | 99.6% | 22.2% | 93.5% | 55.5% | 33.8% | 103.7% | 86.0% | 54.4% |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Net margin | 2.6% | 3.7% | 8.3% | 7.3% | 3.8% | 1.9% | 8.8% | 8.6% |
| Free-cash-flow margin | 14.0% | 42.9% | −0.7% | 8.3% | 18.6% | 23.2% | 1.6% | 18.5% |
| Debt to equity | 167.5% | 148.9% | 175.2% | 206.1% | 190.3% | 184.7% | 161.6% | 160.5% |
Moat
Moderate moat
How hard BGC Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 20 / 20
Net income has been a median 2.9% of total assets over 10 years.
- Durability 2 / 20
Net margin has been a median 5.9%; its worst year was 0.7%.
- Discipline 11 / 20
The diluted share count rose 3.3% over five years; stock-based pay has been a median 5.4% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (56 before it).
Compare with peers
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- Coincheck Group N.V. statistics
- Futu Holdings Ltd statistics
- Virtu Financial, Inc. statistics
- Houlihan Lokey, Inc. statistics
Head to head: BGC vs LAZBGC vs CNCKBGC vs FUTUBGC vs VIRT
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