BGC Group, Inc (BGC) Key Metrics
BGC valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $5.40B
- Enterprise value
- $6.76B
- P/E (TTM)
- 29.0 10-yr median 36.4
- Forward P/E
- 5.9
- PEG ratio
- 3.60
- Price / sales
- 1.7 10-yr median 1.5
- Price / book
- 5.2 10-yr median 4.0
- EV / EBITDA
- 13.2 10-yr median 13.9
- Dividend yield
- 0.53% $0.08 a year
- Beta
- 0.99
BGC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBGC valuation Price multiples at each fiscal year-end price.
BGC returns How much profit the business earns on the capital it uses.
BGC per-share figures Results divided by the shares outstanding at year-end.
BGC financial health Debt, liquidity and how easily interest is covered.
BGC efficiency & capital use Working capital cycle and where the cash goes.
BGC valuation history
BGC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BGC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BGC cash returned to shareholders
BGC price vs earnings per share
BGC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.29B | $4.34B | $3.54B | $1.88B | $2.51B | $2.19B | $3.12B | $1.67B | $4.41B | $2.85B |
| Enterprise value | $5.22B | $5.11B | $4.22B | $2.61B | $3.18B | $3.04B | $3.99B | $2.07B | $4.59B | $4.19B |
| P/E ratio | 27.7 | 34.2 | 97.6 | 38.7 | 20.2 | 48.5 | 71.0 | 8.3 | 85.8 | 15.4 |
| Price / sales | 1.4 | 2.0 | 1.8 | 1.1 | 1.3 | 1.1 | 1.5 | 0.9 | 2.5 | 1.8 |
| Price / book | 4.4 | 4.8 | 4.0 | 2.8 | 4.1 | 2.9 | 4.6 | 2.2 | 7.0 | 2.4 |
| Price / free cash flow | 16.0 | 17.8 | 10.2 | 11.4 | 6.9 | 10.0 | 21.7 | — | 3.6 | — |
| Price / operating cash flow | 12.9 | 13.8 | 8.7 | 8.4 | 6.0 | 7.2 | 13.0 | — | 3.4 | — |
| EV / sales | 1.7 | 2.3 | 2.1 | 1.5 | 1.6 | 1.5 | 1.9 | 1.1 | 2.6 | 2.7 |
| EV / EBITDA | 11.8 | 14.8 | 19.6 | 11.3 | 9.7 | 13.0 | 15.4 | 7.2 | 31.3 | 17.4 |
| EV / free cash flow | 19.5 | 21.0 | 12.2 | 15.8 | 8.7 | 13.9 | 27.8 | — | 3.7 | — |
| Earnings yield | 3.6% | 2.9% | 1.0% | 2.6% | 4.9% | 2.1% | 1.4% | 12.1% | 1.2% | 6.5% |
| Free cash flow yield | 6.2% | 5.6% | 9.8% | 8.8% | 14.5% | 10.0% | 4.6% | −53.2% | 27.9% | −24.9% |
| Dividend yield | 0.9% | 0.8% | 0.5% | 2.3% | 2.7% | 5.6% | 9.8% | 13.8% | 4.5% | 8.4% |
| Shareholder yield (dividends + buybacks) | 7.5% | 10.0% | 7.1% | 11.9% | 21.6% | 7.8% | 11.3% | 17.5% | 5.9% | 13.6% |
| Share price at fiscal year-end | $8.93 | $9.06 | $7.22 | $3.77 | $4.65 | $4.00 | $5.94 | $5.17 | $9.72 | $6.58 |
| Per share | ||||||||||
| Revenue per share | $6.25 | $4.61 | $4.04 | $3.55 | $3.69 | $3.74 | $3.98 | $5.94 | $3.82 | $3.59 |
| Earnings per share | $0.32 | $0.27 | $0.07 | $0.10 | $0.23 | $0.08 | $0.08 | $0.62 | $0.11 | $0.43 |
| Operating cash flow per share | $0.69 | $0.66 | $0.83 | $0.45 | $0.77 | $0.56 | $0.46 | −$2.52 | $2.84 | −$1.55 |
| Free cash flow per share | $0.56 | $0.51 | $0.70 | $0.33 | $0.67 | $0.40 | $0.27 | −$2.75 | $2.71 | −$1.64 |
| Cash per share | $1.82 | $1.49 | $1.34 | $0.97 | $1.03 | $1.20 | $0.90 | $1.22 | $1.20 | $1.32 |
| Book value per share | $2.02 | $1.88 | $1.81 | $1.34 | $1.15 | $1.38 | $1.29 | $2.37 | $1.40 | $2.73 |
| Tangible book value per share | −$0.22 | $0.24 | $0.34 | −$0.02 | −$0.14 | −$0.16 | −$0.35 | −$0.11 | −$0.26 | −$0.63 |
| Dividends per share | $0.08 | $0.07 | $0.04 | $0.09 | $0.12 | $0.23 | $0.58 | $0.71 | $0.44 | $0.55 |
| Capex per share | $0.14 | $0.15 | $0.12 | $0.12 | $0.10 | $0.16 | $0.18 | $0.23 | $0.13 | $0.08 |
| Debt per share | $3.73 | $3.08 | $2.73 | $2.43 | $2.27 | $2.76 | $2.57 | $2.43 | $1.60 | $4.42 |
| Shares outstanding | 480.9M | 479.1M | 490.0M | 499.4M | 540.0M | 546.8M | 524.5M | 323.8M | 454.3M | 433.2M |
| Change in shares outstanding | +0.4% | −2.2% | −1.9% | −7.5% | −1.2% | +4.3% | +62.0% | −28.7% | +4.9% | +29.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.6% | 14.2% | 4.7% | 7.6% | 18.1% | 6.3% | 6.1% | 28.8% | 5.7% | 20.4% |
| Return on invested capital (ROIC) | 12.2% | 8.2% | 6.3% | 9.1% | −2.1% | 9.8% | 9.5% | 13.6% | 3.2% | 3.7% |
| Return on assets (ROA) | 3.9% | 3.8% | 1.2% | 1.5% | 3.4% | 1.1% | 1.2% | 4.6% | 1.0% | 4.1% |
| Return on tangible assets | 4.7% | 4.5% | 1.5% | 2.0% | 4.7% | 1.4% | 1.4% | 7.7% | 1.1% | 5.2% |
| Free cash flow margin | 8.9% | 11.0% | 17.4% | 9.3% | 18.3% | 10.7% | 6.9% | −46.3% | 70.9% | −45.7% |
| Income quality (OCF / net income) | 2.15 | 2.48 | 11.17 | 4.61 | 3.36 | 6.75 | 5.45 | −4.03 | 25.03 | −3.64 |
| Financial health | ||||||||||
| Total debt | $1.80B | $1.48B | $1.34B | $1.21B | $1.23B | $1.51B | $1.35B | $785.8M | $725.8M | $1.91B |
| Cash & short-term investments | $873.7M | $711.6M | $655.6M | $485.0M | $553.6M | $654.9M | $472.9M | $394.9M | $546.3M | $571.0M |
| Net debt | $922.0M | $765.0M | $682.2M | $728.3M | $672.0M | $855.1M | $876.0M | $390.9M | $179.5M | $1.34B |
| Debt / equity | 1.85 | 1.64 | 1.51 | 1.81 | 1.98 | 2.00 | 2.00 | 1.02 | 1.14 | 1.62 |
| Debt / assets | 0.41 | 0.41 | 0.42 | 0.39 | 0.37 | 0.38 | 0.34 | 0.23 | 0.13 | 0.38 |
| Net debt / EBITDA | 2.08 | 2.21 | 3.17 | 3.16 | 2.05 | 3.65 | 3.39 | 1.37 | 1.22 | 5.58 |
| Current ratio | 89.14 | 1.90 | 0.71 | 1.94 | 1.68 | 2.42 | 2.25 | 4.42 | 4.01 | 2.64 |
| Quick ratio | 89.14 | 1.90 | 4.07 | 5.34 | 4.47 | 6.50 | 6.05 | 4.48 | 2.43 | 1.51 |
| Interest coverage | 2.5 | 2.0 | 1.8 | 3.5 | -0.5 | 2.9 | 3.7 | 5.0 | 1.4 | 2.2 |
| Working capital | $1.76B | $880.0M | −$273.4M | $845.0M | $811.9M | $1.29B | $1.22B | $1.65B | $1.40B | $1.11B |
| Invested capital | $1.89B | $1.66B | $1.57B | $1.40B | $1.29B | $1.61B | $1.55B | $1.16B | $813.4M | $2.53B |
| Tangible asset value | $68.8M | $298.0M | $180.5M | $53.8M | −$31.4M | −$32.1M | −$132.0M | $59.7M | $385.6M | $176.7M |
| Net current asset value | −$1.48B | −$659.0M | −$1.62B | −$596.7M | −$674.3M | −$945.9M | −$1.00B | −$430.5M | −$2.43B | −$1.62B |
| Graham number | $3.83 | $3.34 | $1.73 | $1.72 | $2.44 | $1.60 | $1.56 | $5.77 | $1.89 | $5.12 |
| Graham net-net per share | −$3.55 | −$2.06 | −$5.40 | −$5.46 | −$5.07 | −$5.88 | −$6.33 | −$2.82 | −$5.32 | −$3.65 |
| Capital allocation | ||||||||||
| Dividends paid | $39.0M | $34.2M | $17.4M | $43.7M | $67.3M | $123.5M | $306.1M | $231.4M | $200.1M | $240.2M |
| Share buybacks (net) | $281.5M | $401.1M | $232.4M | $180.1M | $476.0M | $47.6M | $44.5M | $62.4M | $62.4M | $148.0M |
| Dividend payout ratio | 25.2% | 26.9% | 47.9% | 89.8% | 54.2% | 274.2% | 697.3% | 114.5% | 388.8% | 129.8% |
| Dividends + buybacks / free cash flow | 119.7% | 178.9% | 72.3% | 135.2% | 149.3% | 78.0% | 244.2% | — | 21.3% | — |
| Capex / revenue | 2.2% | 3.3% | 3.0% | 3.3% | 2.7% | 4.1% | 4.6% | 3.9% | 3.3% | 2.4% |
| Capex / operating cash flow | 19.8% | 22.8% | 14.8% | 26.2% | 12.8% | 27.9% | 40.0% | — | 4.5% | — |
| Capex / depreciation | 0.64 | 0.88 | 0.74 | 0.78 | 0.65 | 1.01 | 1.20 | 1.04 | 0.89 | 0.59 |
| Stock-based compensation / revenue | 11.0% | 16.7% | 17.9% | 14.2% | 12.9% | 9.0% | 7.9% | 10.7% | 13.4% | 10.0% |
| R&D / revenue | — | 1.8% | 2.2% | 2.1% | 1.8% | 1.6% | 1.5% | 1.3% | 1.1% | 1.6% |
| SG&A / revenue | 5.7% | 6.1% | 35.0% | 33.0% | 31.6% | 28.0% | 27.3% | 28.8% | 32.2% | 29.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 121.2 | 149.6 | 147.6 | 235.1 | 265.0 | 283.4 | 296.4 | 282.8 | 257.6 | 294.3 |
| Days of inventory on hand | — | — | -1,038.8 | -1,243.8 | -942.7 | -1,111.4 | -563.6 | 118.2 | 272.0 | 313.3 |
| Days payables outstanding | 0.6 | 0.0 | 0.3 | 260.4 | 180.8 | 3.6 | 3.6 | 7.4 | 11.2 | 148.1 |
| Cash conversion cycle (days) | 120.5 | 149.6 | -891.5 | -1,269.1 | -858.4 | -831.5 | -270.9 | 393.6 | 518.3 | 459.5 |
| Receivables turnover | 3.01 | 2.44 | 2.47 | 1.55 | 1.38 | 1.29 | 1.23 | 1.29 | 1.42 | 1.24 |
| Payables turnover | 564.26 | 32,291.42 | 1,271.08 | 1.40 | 2.02 | 102.20 | 101.27 | 49.24 | 32.48 | 2.47 |
| Inventory turnover | — | — | — | — | — | — | — | — | 1.34 | 1.16 |
| Asset turnover | 0.75 | 0.65 | 0.63 | 0.55 | 0.55 | 0.52 | 0.57 | 0.43 | 0.33 | 0.34 |
| Average receivables | $998.5M | $904.2M | $800.6M | $1.14B | $1.45B | $1.59B | $1.69B | $1.49B | $1.23B | $1.25B |
| Average payables | $557,500 | $38,000 | $855,000 | $668.6M | $673.7M | $11.9M | $12.0M | $22.1M | $31.1M | $372.4M |
| Average inventory | — | — | −$3.09B | −$3.19B | −$3.51B | −$3.70B | −$1.87B | $352.0M | $752.1M | $788.0M |
| Intangibles / total assets | 24.4% | 21.7% | 22.6% | 22.1% | 20.8% | 21.3% | 21.8% | 23.4% | 13.9% | 28.9% |
Computed from BGC's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BGC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), BGC traded at 27.7 times earnings, against a 10-year median of 36.4. Based on the latest twelve months, the trailing P/E is 29.0 and the forward P/E is 5.9. BGC earned a return on equity of 16.6% and a return on invested capital of 12.2% in fiscal 2025. It ended the year with $1.8 billion of debt and $873.7 million in cash and short-term investments, net debt of $922.0 million. It returned $320.5 million to shareholders: $39.0 million in dividends and $281.5 million in share buybacks, 120% of free cash flow. The share count rose 11.0% from 433.2M to 480.9M over 9 years.
See the BGC income statement, the BGC chart for price history, or the BGC stock overview for the latest quote and news.
BGC key metrics FAQ
What is BGC's P/E ratio?
BGC's trailing P/E ratio is 29.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 5.9. At the end of fiscal 2025 it was 27.7, compared with a 10-year median of 36.4.
What is BGC's EV/EBITDA?
BGC's enterprise value was 11.8 times EBITDA at the end of fiscal 2025 (enterprise value $5.2 billion, EBITDA $442.4 million); the current EV/EBITDA is 13.2.
What is BGC's return on equity?
BGC's return on equity (ROE) was 16.6% in fiscal 2025: net income of $155.0 million on average shareholders' equity of $935.5 million.
What is BGC's ROIC?
BGC's return on invested capital was 12.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BGC have?
BGC had total debt of $1.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.85 and $922.0 million of net debt (2.08 times EBITDA).
What is BGC's dividend yield?
BGC's forward dividend yield is 0.53%. BGC paid $39.0 million in dividends in fiscal 2025 ($0.08 per share), a payout ratio of 25.2%.
Does BGC buy back its shares?
Yes. BGC spent $281.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.4% over the year, to 480.9M..
What is BGC's free cash flow yield?
BGC generated $267.8 million of free cash flow in fiscal 2025, a free cash flow yield of 6.2% on its market value at year-end ($4.3 billion).
What is BGC's current ratio?
BGC's current ratio was 89.14 at the end of fiscal 2025: current assets were 89.14 times current liabilities.