BGC Group (BGC) Financials

$9.30 -0.01 (-0.11%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$9.42 +0.12 (+1.30%)

As of 05/30/2025 05:26 PM Eastern

Annual Income Statements for BGC Group

This table shows BGC Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	127	36	49	124	45	44	202	51	185	320
Consolidated Net Income / (Loss)	123	39	59	153	51	67	287	82	254	318
Net Income / (Loss) Continuing Operations	123	39	59	153	51	67	108	-89	64	318
Total Pre-Tax Income	173	58	97	177	72	117	172	4.14	120	439
Total Operating Income	81	33	78	-94	142	124	156	283	233	-1.85
Total Gross Profit	2,263	2,025	1,795	2,015	2,057	2,105	1,938	1,751	1,554	2,784
Total Revenue	2,263	2,025	1,795	2,015	2,057	2,105	1,938	1,751	1,554	2,784
Operating Revenue	2,263	2,025	1,795	2,015	2,057	2,105	1,938	1,751	1,554	2,784
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	2,182	1,993	1,717	2,109	1,915	1,981	1,781	1,468	1,321	2,786
Selling, General & Admin Expense	1,628	1,483	1,260	1,676	1,479	1,509	1,361	1,084	952	2,287
Marketing Expense	70	62	49	38	38	82	69	62	57	100
Other Operating Expenses / (Income)	484	448	407	395	397	390	351	321	313	398
Total Other Income / (Expense), net	93	25	19	270	-70	-7.20	16	-279	-112	441
Interest & Investment Income	8.43	9.15	11	6.71	5.02	4.12	7.38	4.63	3.54	2.60
Other Income / (Expense), net	84	16	8.34	333	1.97	49	51	-207	-58	517
Income Tax Expense	50	19	39	23	21	50	64	93	56	121
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.76	2.51	10	29	5.86	23	84	30	69	158
Basic Earnings per Share	$0.26	$0.08	$0.13	$0.33	$0.12	$0.13	-	-	-	$0.66
Weighted Average Basic Shares Outstanding	473.39M	426.44M	371.56M	379.22M	361.74M	344.33M	322.14M	287.38M	277.07M	243.46M
Diluted Earnings per Share	$0.25	$0.07	$0.13	$0.32	$0.12	$0.12	-	-	-	$0.62
Weighted Average Diluted Shares Outstanding	482.88M	489.99M	499.41M	540.02M	546.85M	472.19M	323.84M	287.38M	277.07M	286.32M
Weighted Average Basic & Diluted Shares Outstanding	479.14M	489.99M	499.41M	540.02M	546.85M	472.19M	323.84M	287.38M	282.49M	272.70M
Cash Dividends to Common per Share	$0.07	$0.04	$0.04	$0.04	$0.17	$0.56	$0.72	$0.70	$0.62	$1.08

This table shows BGC Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-11	15	74	49	40	17	-39	19	-13	5.76
Consolidated Net Income / (Loss)	23	14	37	49	21	19	-22	21	3.60	8.23
Net Income / (Loss) Continuing Operations	23	14	37	49	21	19	-22	21	3.60	8.23
Total Pre-Tax Income	27	20	55	71	32	24	-31	33	1.61	19
Total Operating Income	-34	13	51	51	-1.20	18	-33	49	-31	25
Total Gross Profit	572	561	551	579	517	483	493	533	437	417
Total Revenue	572	561	551	579	517	483	493	533	437	417
Operating Revenue	572	561	551	579	517	483	493	533	437	417
Total Operating Expenses	606	548	500	528	518	465	526	484	467	392
Selling, General & Admin Expense	764	404	26	433	724	338	28	392	580	295
Marketing Expense	19	17	18	17	17	15	15	15	14	11
Other Operating Expenses / (Income)	-177	127	456	78	-223	112	482	78	-127	85
Total Other Income / (Expense), net	61	6.64	4.56	20	33	6.06	1.40	-15	33	-5.91
Interest & Investment Income	1.54	2.36	2.74	1.79	2.58	2.09	2.41	2.06	2.16	3.23
Other Income / (Expense), net	39	4.28	1.81	39	15	3.97	-1.01	-1.74	1.57	5.36
Income Tax Expense	3.87	6.00	18	22	11	5.31	-9.07	12	-1.99	11
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.90	-1.03	-0.65	-0.17	1.32	1.51	-2.51	2.19	1.38	2.46
Basic Earnings per Share	$0.05	$0.03	$0.08	$0.10	$0.05	$0.03	($0.05)	$0.05	-	$0.02
Weighted Average Basic Shares Outstanding	473.39M	473.44M	475.27M	470.52M	426.44M	468.54M	391.75M	375.22M	371.56M	371.11M
Diluted Earnings per Share	$0.04	$0.03	$0.08	$0.10	$0.04	$0.03	($0.05)	$0.05	$0.01	$0.01
Weighted Average Diluted Shares Outstanding	482.88M	479.72M	486.60M	493.35M	489.99M	477.55M	391.75M	501.07M	499.41M	496.99M
Weighted Average Basic & Diluted Shares Outstanding	479.14M	478.65M	480.86M	477.97M	489.99M	477.55M	391.75M	501.07M	499.41M	496.99M

This table details how cash moves in and out of BGC Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	60	171	-65	-287	213	219	-380	203	-22	-148
Net Cash From Operating Activities	315	405	224	417	303	241	-67	393	-107	686
Net Cash From Continuing Operating Activities	315	405	224	417	303	241	-67	393	-107	686
Net Income / (Loss) Continuing Operations	123	39	59	153	51	67	108	-89	64	318
Consolidated Net Income / (Loss)	123	39	59	153	51	67	287	82	254	318
Depreciation Expense	81	80	75	82	85	82	71	65	63	84
Amortization Expense	1.29	3.66	2.80	3.59	71	39	-1.08	0.84	-4.02	62
Non-Cash Adjustments To Reconcile Net Income	297	529	462	-348	66	67	-70	493	219	856
Changes in Operating Assets and Liabilities, net	-187	-246	-375	526	29	-14	-176	-78	-448	-634
Net Cash From Investing Activities	-97	-91	-53	121	-78	-43	28	-154	333	-101
Net Cash From Continuing Investing Activities	-97	-91	-53	121	-78	-43	9.24	-113	386	-101
Purchase of Property, Plant & Equipment	-73	-60	-59	-53	-87	-97	-74	-58	-36	-57
Acquisitions	-66	-40	-0.59	-1.12	-9.33	27	-51	-107	-153	-174
Purchase of Investments	-13	0.00	0.00	-	-	-	-	-	-68	-277
Divestitures	55	9.42	6.63	545	4.33	3.74	7.05	14	8.19	14
Sale and/or Maturity of Investments	180	0.00	0.00	-	-	-	-	-	-	265
Other Investing Activities, net	-180	0.00	0.00	-369	0.00	0.00	-	0.33	-0.47	-0.85
Net Cash From Financing Activities	-149	-147	-233	-820	-13	18	419	-935	318	-724
Net Cash From Continuing Financing Activities	-149	-147	-233	-820	-13	18	51	-238	-258	-724
Repayment of Debt	-1,117	-625	-6.39	-566	-358	-332	-450	-11	-167	-6,244
Repurchase of Common Equity	-401	-232	-180	-476	-48	-45	-62	-62	-148	-46
Payment of Dividends	-42	-36	-44	-67	-124	-306	-395	-326	-240	-205
Issuance of Debt	1,240	754	-0.08	298	524	710	639	1,008	296	5,778
Issuance of Common Equity	172	0.00	0.00	-	-	-	328	27	33	6.57
Other Financing Activities, net	-1.00	-7.16	-2.90	-8.48	-8.54	-8.60	-8.57	-873	-31	-14
Effect of Exchange Rate Changes	-8.96	3.27	-2.62	-5.39	0.99	2.63	-11	3.41	0.12	-8.74
Cash Interest Paid	88	81	54	66	70	52	42	75	64	68
Cash Income Taxes Paid	104	71	36	43	42	48	67	78	94	44

This table details how cash moves in and out of BGC Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	150	-2.65	1.04	-88	97	33	33	7.91	16	-23
Net Cash From Operating Activities	252	88	-53	28	174	313	-106	24	92	78
Net Cash From Continuing Operating Activities	252	88	-53	28	174	313	-106	24	92	78
Net Income / (Loss) Continuing Operations	23	14	37	49	21	19	-22	21	3.60	8.23
Consolidated Net Income / (Loss)	23	14	37	49	21	19	-22	21	3.60	8.23
Depreciation Expense	21	20	20	21	20	22	19	19	19	19
Amortization Expense	-44	16	13	16	-35	11	27	0.86	0.70	0.70
Non-Cash Adjustments To Reconcile Net Income	969	-720	57	-9.38	324	269	1,179	-1,242	1,736	214
Changes in Operating Assets and Liabilities, net	-717	758	-181	-48	-157	-7.22	-1,308	1,226	-1,667	-164
Net Cash From Investing Activities	110	9.33	-197	-19	-30	-5.21	-16	-39	-17	-12
Net Cash From Continuing Investing Activities	110	9.33	-197	-19	-30	-5.21	-16	-39	-17	-12
Purchase of Property, Plant & Equipment	-17	-21	-19	-15	-17	-12	-17	-15	-17	-16
Acquisitions	-66	-	-	0.00	-13	-	-0.33	-26	-	-0.12
Purchase of Investments	-39	30	-	-3.70	-	-	-	0.00	-	-
Divestitures	53	-	1.82	0.00	-0.05	6.45	1.19	1.83	0.51	4.58
Net Cash From Financing Activities	-206	-102	254	-95	-49	-262	148	17	-63	-86
Net Cash From Continuing Financing Activities	-206	-102	254	-95	-49	-262	148	17	-63	-86
Repayment of Debt	-1,069	-0.50	193	-240	-755	-211	403	-62	-1.61	-1.60
Repurchase of Common Equity	-92	-92	-101	-117	-43	-41	-109	-39	-55	-72
Payment of Dividends	-9.72	-9.76	-9.84	-13	-5.11	-9.93	-3.37	-18	-7.35	-12
Issuance of Debt	965	-	-	275	754	-	-135	135	-0.03	-0.01
Effect of Exchange Rate Changes	-6.49	1.95	-2.34	-2.08	3.05	-12	6.47	5.70	3.58	-3.28
Cash Interest Paid	47	2.50	33	5.70	33	17	16	15	14	13
Cash Income Taxes Paid	21	24	42	17	23	15	23	9.59	3.52	9.18

This table presents BGC Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	3,592	3,176	3,075	3,342	3,953	3,927	3,433	5,430	5,048	3,983
Total Current Assets	719	658	486	554	596	415	337	513	536	462
Cash & Equivalents	712	656	485	554	596	415	337	513	536	462
Accounts Receivable	7.32	2.72	1.44	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	205	157	125	167	148
Total Noncurrent Assets	2,873	2,518	2,589	2,789	3,357	3,307	2,939	4,792	4,345	3,373
Long-Term Investments	39	38	39	33	38	55	67	151	-	-
Noncurrent Note & Lease Receivables	684	674	608	583	408	316	217	125	1,342	158
Goodwill	540	506	487	487	556	554	505	468	864	812
Intangible Assets	241	211	193	208	287	303	299	286	253	234
Other Noncurrent Operating Assets	1,368	1,088	1,263	1,477	2,067	2,080	1,851	3,762	1,886	2,169
Total Liabilities & Shareholders' Equity	3,592	3,176	3,075	3,342	3,953	3,927	3,433	5,430	5,048	3,983
Total Liabilities	2,513	2,278	2,326	2,660	3,121	3,178	2,545	4,244	3,361	2,694
Total Current Liabilities	693	668	683	679	1,364	1,313	755	678	649	694
Accounts Payable	693	668	683	679	1,364	1,313	755	678	649	694
Total Noncurrent Liabilities	1,820	1,610	1,643	1,981	1,757	1,866	1,790	3,565	2,712	2,000
Long-Term Debt	1,338	1,184	1,049	1,053	1,316	1,143	764	575	1,914	841
Noncurrent Employee Benefit Liabilities	228	206	177	214	221	215	195	196	383	304
Other Noncurrent Operating Liabilities	254	220	417	714	220	508	831	796	415	855
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,079	898	733	663	811	725	863	1,140	1,634	1,232
Total Preferred & Common Equity	899	885	670	620	754	675	768	634	1,184	634
Total Common Equity	899	885	670	620	754	675	768	634	1,184	634
Common Stock	2,316	2,110	2,565	2,456	2,379	2,276	2,212	1,767	1,666	1,112
Retained Earnings	-1,026	-1,119	-1,138	-1,172	-1,281	-1,253	-1,105	-859	-213	-290
Treasury Stock	-332	-67	-711	-624	-315	-315	-314	-304	-289	-212
Accumulated Other Comprehensive Income / (Loss)	-60	-39	-45	-41	-29	-33	-24	-10	-23	-25
Noncontrolling Interest	181	13	64	44	57	50	95	506	450	598

This table presents BGC Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	4,382	4,259	4,376	3,858	4,082	4,484	4,671
Total Current Assets	569	573	572	566	535	493	473
Cash & Equivalents	563	572	567	560	526	493	473
Accounts Receivable	5.46	1.56	5.25	6.08	9.00	-	-
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	3,813	3,686	3,804	3,293	3,546	3,991	4,198
Long-Term Investments	43	41	40	36	40	39	36
Noncurrent Note & Lease Receivables	910	575	744	669	646	683	611
Goodwill	506	505	507	501	503	502	487
Intangible Assets	197	202	206	197	200	205	197
Other Noncurrent Operating Assets	2,156	2,363	2,306	1,891	2,156	2,562	2,867
Total Liabilities & Shareholders' Equity	4,382	4,259	4,376	3,858	4,082	4,484	4,671
Total Liabilities	3,339	3,217	3,451	3,003	3,263	3,668	3,944
Total Current Liabilities	695	657	664	627	624	692	698
Accounts Payable	695	657	664	627	624	692	698
Total Noncurrent Liabilities	2,644	2,560	2,787	2,375	2,639	2,976	3,246
Long-Term Debt	1,441	1,441	945	1,183	1,394	1,122	1,050
Noncurrent Employee Benefit Liabilities	187	194	170	174	177	177	181
Other Noncurrent Operating Liabilities	1,016	925	1,672	1,017	1,068	1,678	2,015
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,043	1,042	925	856	819	801	711
Total Preferred & Common Equity	860	858	912	844	733	728	652
Total Common Equity	860	858	912	844	733	728	652
Common Stock	2,229	2,172	2,168	2,065	2,673	2,610	2,532
Retained Earnings	-1,042	-1,047	-1,075	-1,134	-1,146	-1,123	-1,137
Treasury Stock	-281	-217	-137	-40	-753	-715	-691
Accumulated Other Comprehensive Income / (Loss)	-46	-50	-43	-46	-41	-44	-53
Noncontrolling Interest	183	184	13	12	87	73	59

This table displays calculated financial ratios and metrics derived from BGC Group's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.72%	12.82%	-10.92%	-2.01%	-2.27%	8.61%	10.67%	12.65%	-44.16%	55.55%
EBITDA Growth	86.55%	-19.31%	-49.36%	8.04%	2.37%	5.79%	94.35%	-38.75%	-64.73%	694.99%
EBIT Growth	239.22%	-43.88%	-63.81%	66.28%	-16.76%	-16.56%	170.75%	-56.19%	-66.12%	1,502.41%
NOPAT Growth	161.97%	-53.66%	158.07%	-181.33%	40.96%	-27.89%	101.62%	-4,996.46%	9,357.71%	88.92%
Net Income Growth	217.80%	-34.13%	-61.65%	201.44%	-23.79%	-76.69%	250.68%	-67.80%	-20.22%	2,307.43%
EPS Growth	257.14%	-46.15%	-59.38%	166.67%	0.00%	0.00%	0.00%	0.00%	0.00%	6,300.00%
Operating Cash Flow Growth	-22.17%	80.60%	-46.22%	37.86%	25.51%	458.01%	-117.15%	468.36%	-115.54%	311.14%
Free Cash Flow Firm Growth	-141.56%	-15.93%	-127.81%	3,413.18%	107.84%	-105.29%	131.90%	-379.56%	-14.22%	-799.72%
Invested Capital Growth	20.05%	8.89%	10.98%	-24.12%	6.47%	13.94%	-59.70%	1.02%	83.73%	200.44%
Revenue Q/Q Growth	2.52%	4.13%	-1.38%	-0.88%	-0.39%	1.02%	20.20%	54.23%	-46.61%	16.31%
EBITDA Q/Q Growth	-37.01%	-42.72%	-50.22%	-8.70%	110.62%	11.98%	-75.87%	136.20%	-68.97%	216.13%
EBIT Q/Q Growth	-34.12%	-23.62%	-65.84%	266.66%	-4.20%	-4.61%	-81.92%	116.62%	-69.23%	303.84%
NOPAT Q/Q Growth	-55.81%	-53.22%	188.51%	-336.97%	82.88%	9.49%	-87.73%	-1,784.74%	314.27%	-106.65%
Net Income Q/Q Growth	1.68%	83.68%	-59.14%	223.43%	116.91%	-24.40%	0.00%	0.00%	-31.37%	556.44%
EPS Q/Q Growth	0.00%	75.00%	-59.38%	190.91%	200.00%	0.00%	0.00%	0.00%	0.00%	342.86%
Operating Cash Flow Q/Q Growth	33.08%	25.01%	-7.67%	-11.08%	0.00%	-55.66%	92.29%	-65.28%	-246.67%	128.74%
Free Cash Flow Firm Q/Q Growth	27.23%	29.22%	-107.49%	136.33%	108.92%	-104.16%	2,724.71%	-291.04%	-352.89%	-48.44%
Invested Capital Q/Q Growth	-11.25%	-3.88%	0.52%	-51.63%	-6.10%	-3.08%	-67.84%	3.10%	73.70%	14.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	10.93%	6.55%	9.16%	16.11%	14.61%	13.95%	14.32%	8.15%	14.99%	23.74%
Operating Margin	3.56%	1.61%	4.36%	-4.64%	6.90%	5.88%	8.07%	16.18%	14.99%	-0.07%
EBIT Margin	7.28%	2.40%	4.82%	11.87%	6.99%	8.21%	10.68%	4.37%	11.23%	18.51%
Profit (Net Income) Margin	5.45%	1.91%	3.28%	7.62%	2.48%	3.17%	14.79%	4.67%	16.33%	11.43%
Tax Burden Percent	71.17%	67.19%	60.41%	86.96%	70.50%	57.29%	166.72%	1,976.04%	210.72%	72.51%
Interest Burden Percent	105.12%	118.85%	112.62%	73.81%	50.22%	67.51%	83.04%	5.41%	69.02%	85.16%
Effective Tax Rate	28.83%	32.81%	39.59%	13.04%	29.50%	42.71%	37.09%	2,243.04%	46.77%	27.49%
Return on Invested Capital (ROIC)	3.76%	1.64%	3.90%	-6.11%	6.81%	5.32%	4.53%	-197.12%	5.24%	-0.12%
ROIC Less NNEP Spread (ROIC-NNEP)	16.00%	4.97%	6.25%	34.82%	-0.43%	4.52%	21.12%	177.19%	20.02%	218.38%
Return on Net Nonoperating Assets (RNNOA)	8.71%	3.06%	4.33%	26.39%	-0.37%	2.85%	23.11%	202.81%	11.82%	33.08%
Return on Equity (ROE)	12.46%	4.71%	8.23%	20.28%	6.44%	8.17%	27.64%	5.69%	17.06%	32.96%
Cash Return on Invested Capital (CROIC)	-14.47%	-6.87%	-6.51%	21.32%	0.55%	-7.72%	89.64%	-198.13%	-53.78%	-100.23%
Operating Return on Assets (OROA)	4.87%	1.55%	2.70%	6.56%	3.65%	4.69%	4.67%	1.46%	3.87%	15.30%
Return on Assets (ROA)	3.64%	1.24%	1.83%	4.21%	1.29%	1.82%	6.47%	1.56%	5.62%	9.45%
Return on Common Equity (ROCE)	11.24%	4.45%	7.42%	18.40%	5.82%	7.20%	18.69%	3.60%	10.43%	17.69%
Return on Equity Simple (ROE_SIMPLE)	13.71%	4.38%	8.79%	24.77%	6.75%	9.90%	37.30%	12.89%	21.45%	50.15%
Net Operating Profit after Tax (NOPAT)	57	22	47	-81	100	71	98	-6,071	124	-1.34
NOPAT Margin	2.53%	1.08%	2.63%	-4.04%	4.86%	3.37%	5.08%	-346.72%	7.98%	-0.05%
Net Nonoperating Expense Percent (NNEP)	-12.25%	-3.33%	-2.35%	-40.93%	7.25%	0.80%	-16.59%	-374.31%	-14.78%	-218.50%
Return On Investment Capital (ROIC_SIMPLE)	2.37%	1.05%	2.65%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	71.93%	73.20%	70.21%	83.17%	71.92%	71.72%	70.22%	61.91%	61.23%	82.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	96.44%	98.39%	95.64%	104.64%	93.10%	94.12%	91.93%	83.82%	85.01%	100.07%
Earnings before Interest and Taxes (EBIT)	165	49	87	239	144	173	207	76	175	515
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	247	133	164	325	300	293	277	143	233	661
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.84	4.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	37.05	21.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.92	1.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	34.23	98.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.77%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.92%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.07	2.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.26	2.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	20.67	30.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	31.05	83.57	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	89.19	185.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.22	10.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.24	1.32	1.40	1.54	1.58	1.53	0.86	0.48	1.14	0.65
Long-Term Debt to Equity	1.24	1.32	1.40	1.54	1.58	1.53	0.86	0.48	1.14	0.65
Financial Leverage	0.54	0.62	0.69	0.76	0.86	0.63	1.09	1.14	0.59	0.15
Leverage Ratio	3.42	3.80	4.49	4.82	4.99	4.50	4.27	3.65	3.04	3.49
Compound Leverage Factor	3.60	4.51	5.05	3.56	2.50	3.04	3.55	0.20	2.09	2.97
Debt to Total Capital	55.34%	56.85%	58.36%	60.69%	61.27%	60.42%	46.24%	32.65%	53.16%	39.48%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.34%	56.85%	58.36%	60.69%	61.27%	60.42%	46.24%	32.65%	53.16%	39.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.48%	0.63%	4.40%	3.59%	3.62%	3.91%	7.24%	31.36%	13.96%	30.74%
Common Equity to Total Capital	37.18%	42.52%	37.25%	35.72%	35.11%	35.67%	46.53%	35.99%	32.88%	29.79%
Debt to EBITDA	5.41	8.92	6.38	3.24	4.38	3.89	2.75	4.03	8.21	1.27
Net Debt to EBITDA	2.37	3.69	3.20	1.44	2.27	2.29	1.30	-0.62	5.91	0.57
Long-Term Debt to EBITDA	5.41	8.92	6.38	3.24	4.38	3.89	2.75	4.03	8.21	1.27
Debt to NOPAT	23.33	54.08	22.21	-12.95	13.16	16.11	7.76	-0.09	15.44	-627.87
Net Debt to NOPAT	10.23	22.37	11.13	-5.73	6.81	9.48	3.65	0.01	11.12	-282.80
Long-Term Debt to NOPAT	23.33	54.08	22.21	-12.95	13.16	16.11	7.76	-0.09	15.44	-627.87
Altman Z-Score	1.43	1.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	9.80%	5.60%	9.88%	9.25%	9.60%	11.82%	32.39%	36.72%	38.90%	46.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	0.99	0.71	0.82	0.44	0.32	0.45	0.76	0.83	0.67
Quick Ratio	1.04	0.99	0.71	0.82	0.44	0.32	0.45	0.76	0.83	0.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-221	-91	-79	284	8.07	-103	1,946	-6,102	-1,272	-1,114
Operating Cash Flow to CapEx	433.88%	671.17%	377.89%	782.86%	414.91%	330.85%	0.00%	1,962.92%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	4.09	0.11	-1.71	45.80	-79.29	-22.08	-14.10
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	6.02	3.95	4.00	-1.58	5.10	-1.85	8.68
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	5.25	3.00	2.79	-0.32	4.84	8.55	9.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.65	0.56	0.55	0.52	0.57	0.44	0.33	0.34	0.83
Accounts Receivable Turnover	450.76	973.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	11.63	13.76	12.00	9.88	21.45
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.81	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.81	0.37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,666	1,388	1,274	1,148	1,513	1,421	1,247	3,095	3,064	1,668
Invested Capital Turnover	1.48	1.52	1.48	1.51	1.40	1.58	0.89	0.57	0.66	2.50
Increase / (Decrease) in Invested Capital	278	113	126	-365	92	174	-1,848	31	1,396	1,113
Enterprise Value (EV)	5,114	4,058	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Market Capitalization	4,346	3,555	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book Value per Share	$1.87	$1.78	$1.81	$1.68	$2.08	$1.94	$2.33	$2.19	$4.24	$2.53
Tangible Book Value per Share	$0.24	$0.34	($0.03)	($0.20)	($0.25)	($0.52)	($0.11)	($0.42)	$0.24	($1.64)
Total Capital	2,417	2,082	1,798	1,735	2,148	1,891	1,651	1,761	3,600	2,130
Total Debt	1,338	1,184	1,049	1,053	1,316	1,143	764	575	1,914	841
Total Long-Term Debt	1,338	1,184	1,049	1,053	1,316	1,143	764	575	1,914	841
Net Debt	587	490	526	466	681	673	360	-89	1,378	379
Capital Expenditures (CapEx)	73	60	59	53	73	73	-54	20	-599	-72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-686	-665	-682	-679	-1,364	-1,313	-755	-678	-649	-694
Debt-free Net Working Capital (DFNWC)	26	-9.83	-197	-126	-768	-897	-418	-165	-113	-231
Net Working Capital (NWC)	26	-9.83	-197	-126	-768	-897	-418	-165	-113	-231
Net Nonoperating Expense (NNE)	-66	-17	-12	-235	49	4.12	-188	-6,153	-130	-319
Net Nonoperating Obligations (NNO)	587	490	526	466	681	673	360	1,909	1,378	379
Total Depreciation and Amortization (D&A)	83	84	78	85	157	121	70	66	59	146
Debt-free, Cash-free Net Working Capital to Revenue	-30.30%	-32.86%	-37.97%	-33.70%	-66.32%	-62.37%	-38.95%	-38.73%	-41.76%	-24.91%
Debt-free Net Working Capital to Revenue	1.15%	-0.49%	-10.95%	-6.23%	-37.33%	-42.63%	-21.59%	-9.41%	-7.30%	-8.31%
Net Working Capital to Revenue	1.15%	-0.49%	-10.95%	-6.23%	-37.33%	-42.63%	-21.59%	-9.41%	-7.30%	-8.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	$0.08	$0.13	$0.33	$0.00	$0.00	$0.00	$0.18	$0.37	$0.52
Adjusted Weighted Average Basic Shares Outstanding	473.39M	426.44M	371.56M	379.22M	0.00	344.33M	322.14M	287.38M	277.07M	243.46M
Adjusted Diluted Earnings per Share	$0.25	$0.07	$0.13	$0.32	$0.00	$0.00	$0.00	$0.17	$0.36	$0.50
Adjusted Weighted Average Diluted Shares Outstanding	482.88M	493.85M	373.83M	366.98M	0.00	354.87M	337.72M	454.26M	433.23M	335.39M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$286,628,000.00	$192,934,000.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	479.14M	489.99M	499.41M	540.02M	0.00	524.55M	323.84M	306.24M	282.49M	272.70M
Normalized Net Operating Profit after Tax (NOPAT)	57	22	47	-81	100	71	98	198	124	-1.34
Normalized NOPAT Margin	2.53%	1.08%	2.63%	-4.04%	4.86%	3.37%	5.08%	11.33%	7.98%	-0.05%
Pre Tax Income Margin	7.65%	2.85%	5.43%	8.76%	3.51%	5.54%	8.87%	0.24%	7.75%	15.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	3.45	1.88	2.87	4.87	0.99	3.03	6.52
NOPAT to Interest Expense	0.00	0.00	0.00	-1.17	1.31	1.18	2.32	-78.89	2.15	-0.02
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	2.68	0.93	1.66	6.14	0.73	13.43	7.43
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-1.94	0.35	-0.03	3.58	-79.15	12.55	0.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.06%	93.93%	74.30%	43.83%	242.64%	458.15%	137.95%	399.32%	94.64%	64.47%
Augmented Payout Ratio	359.56%	693.41%	380.25%	353.92%	336.16%	524.76%	159.72%	475.63%	152.95%	79.06%

This table displays calculated financial ratios and metrics derived from BGC Group's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.75%	16.25%	11.70%	8.59%	18.38%	15.87%	13.16%	5.21%	-5.43%	-12.07%
EBITDA Growth	-2,033.21%	-1.95%	614.60%	88.01%	91.18%	10.02%	-75.04%	-12.02%	-106.00%	222.77%
EBIT Growth	-59.45%	-20.32%	255.60%	90.67%	146.21%	-28.16%	-217.31%	-17.49%	-121.36%	630.40%
NOPAT Growth	-3,516.77%	-34.28%	249.09%	12.81%	98.84%	28.43%	-264.18%	-20.17%	55.47%	249.20%
Net Income Growth	9.58%	-26.08%	267.38%	131.65%	490.97%	125.56%	-235.90%	-31.04%	-95.95%	159.00%
EPS Growth	0.00%	0.00%	260.00%	100.00%	300.00%	200.00%	-225.00%	-28.57%	-95.00%	133.33%
Operating Cash Flow Growth	45.18%	-71.77%	49.90%	14.72%	87.72%	301.31%	-265.52%	347.77%	-16.78%	-27.66%
Free Cash Flow Firm Growth	-169.18%	-161.63%	53.42%	254.60%	41.58%	-114.52%	-133.87%	-131.26%	-193.24%	245.15%
Invested Capital Growth	20.05%	30.01%	13.55%	-10.17%	8.89%	13.88%	30.30%	11.59%	10.98%	-46.59%
Revenue Q/Q Growth	2.00%	1.88%	-4.81%	11.97%	7.06%	-2.11%	-7.47%	22.07%	4.79%	-4.40%
EBITDA Q/Q Growth	-132.98%	-37.66%	-31.63%	-11.88%	-101.52%	354.35%	-82.01%	-31.87%	-118.90%	3.06%
EBIT Q/Q Growth	-68.30%	-66.90%	-41.39%	27.75%	-37.70%	164.63%	-171.81%	64.15%	-196.85%	5.53%
NOPAT Q/Q Growth	-418.69%	-73.33%	-2.45%	-5.10%	-105.79%	160.51%	-173.81%	-48.75%	-742.41%	-22.65%
Net Income Q/Q Growth	69.90%	-63.11%	-24.20%	130.64%	14.61%	183.53%	-204.91%	488.38%	-56.26%	-49.67%
EPS Q/Q Growth	33.33%	-62.50%	-20.00%	150.00%	33.33%	160.00%	-200.00%	400.00%	0.00%	-75.00%
Operating Cash Flow Q/Q Growth	185.20%	266.80%	-288.49%	-83.81%	-44.55%	396.07%	-531.59%	-73.51%	18.54%	22.11%
Free Cash Flow Firm Q/Q Growth	27.58%	-124.43%	-206.26%	332.55%	29.61%	60.05%	-252.70%	-75.30%	-117.49%	-6.80%
Invested Capital Q/Q Growth	-11.25%	0.38%	48.08%	-9.00%	-3.88%	-12.33%	17.15%	10.31%	0.52%	0.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-3.09%	9.54%	15.60%	21.71%	-0.16%	11.32%	2.44%	12.54%	-2.15%	11.92%
Operating Margin	-5.91%	2.33%	9.19%	8.76%	-0.23%	3.69%	-6.63%	9.13%	-7.08%	5.99%
EBIT Margin	0.96%	3.09%	9.52%	15.46%	2.62%	4.51%	-6.83%	8.80%	-6.72%	7.28%
Profit (Net Income) Margin	4.07%	2.44%	6.75%	8.48%	4.11%	3.84%	-4.50%	3.97%	0.82%	1.97%
Tax Burden Percent	85.75%	69.58%	67.39%	68.98%	66.68%	77.73%	71.01%	63.71%	223.90%	43.20%
Interest Burden Percent	494.04%	113.60%	105.23%	79.49%	235.12%	109.62%	92.84%	70.84%	-5.47%	62.82%
Effective Tax Rate	14.25%	30.42%	32.61%	31.02%	33.32%	22.27%	0.00%	36.29%	-123.90%	56.80%
Return on Invested Capital (ROIC)	-7.51%	2.15%	7.50%	9.38%	-0.24%	4.11%	-5.99%	7.95%	-23.51%	2.59%
ROIC Less NNEP Spread (ROIC-NNEP)	2.21%	2.80%	7.87%	12.42%	4.11%	4.95%	-5.89%	6.16%	-8.82%	2.36%
Return on Net Nonoperating Assets (RNNOA)	1.20%	2.10%	7.00%	6.61%	2.53%	3.53%	-5.06%	4.30%	-6.11%	3.64%
Return on Equity (ROE)	-6.30%	4.26%	14.50%	15.99%	2.30%	7.64%	-11.05%	12.25%	-29.62%	6.22%
Cash Return on Invested Capital (CROIC)	-14.47%	-18.28%	-5.01%	16.56%	-6.87%	-9.53%	-24.09%	-5.43%	-6.51%	57.81%
Operating Return on Assets (OROA)	0.64%	1.66%	4.86%	7.23%	1.70%	2.06%	-2.86%	3.40%	-3.76%	2.63%
Return on Assets (ROA)	2.72%	1.31%	3.45%	3.96%	2.67%	1.75%	-1.89%	1.54%	0.46%	0.71%
Return on Common Equity (ROCE)	-5.69%	3.82%	12.39%	15.06%	2.17%	7.22%	-9.90%	10.95%	-26.69%	5.58%
Return on Equity Simple (ROE_SIMPLE)	0.00%	14.09%	14.69%	7.31%	0.00%	2.50%	1.47%	6.78%	0.00%	22.09%
Net Operating Profit after Tax (NOPAT)	-29	9.10	34	35	-0.80	14	-23	31	-69	11
NOPAT Margin	-5.06%	1.62%	6.19%	6.04%	-0.16%	2.87%	-4.64%	5.82%	-15.86%	2.59%
Net Nonoperating Expense Percent (NNEP)	-9.72%	-0.65%	-0.37%	-3.04%	-4.35%	-0.83%	-0.10%	1.79%	-14.69%	0.23%
Return On Investment Capital (ROIC_SIMPLE)	-1.20%	-	-	-	-0.04%	-	-	-	-3.88%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	133.51%	72.02%	4.75%	74.86%	140.19%	70.05%	5.69%	73.58%	132.87%	70.84%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	105.91%	97.67%	90.81%	91.24%	100.23%	96.31%	106.63%	90.87%	107.08%	94.01%
Earnings before Interest and Taxes (EBIT)	5.50	17	52	89	14	22	-34	47	-29	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	54	86	126	-0.83	55	12	67	-9.38	50
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.84	5.19	4.76	4.19	4.02	3.10	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	37.05	28.42	27.08	19.18	21.23	17.81	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.92	2.02	1.92	1.84	1.76	1.34	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	34.23	25.17	22.73	57.45	98.03	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.77%	0.65%	0.60%	0.39%	0.28%	0.19%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.92%	3.97%	4.40%	1.74%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.07	2.92	2.73	3.30	2.92	2.23	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.26	2.48	2.39	2.01	2.00	1.65	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	20.67	13.96	12.94	13.03	30.59	13.88	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	31.05	21.94	20.04	24.78	83.57	50.56	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	89.19	42.27	37.73	53.49	185.42	68.70	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.22	23.14	11.05	10.20	10.01	9.92	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	18.88	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.24	1.38	1.38	1.02	1.32	1.38	1.70	1.37	1.40	1.44
Long-Term Debt to Equity	1.24	1.38	1.38	1.02	1.32	1.38	1.70	1.37	1.40	1.44
Financial Leverage	0.54	0.75	0.89	0.53	0.62	0.71	0.86	0.70	0.69	1.54
Leverage Ratio	3.42	4.34	4.48	5.09	3.80	5.39	5.73	6.00	4.49	7.05
Compound Leverage Factor	16.91	4.93	4.72	4.04	8.92	5.91	5.32	4.25	-0.25	4.43
Debt to Total Capital	55.34%	58.00%	58.03%	50.54%	56.85%	58.04%	62.99%	57.87%	58.36%	59.08%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	55.34%	58.00%	58.03%	50.54%	56.85%	58.04%	62.99%	57.87%	58.36%	59.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	7.48%	7.37%	7.40%	0.68%	0.63%	0.56%	3.91%	4.55%	4.40%	4.24%
Common Equity to Total Capital	37.18%	34.63%	34.57%	48.78%	42.52%	41.40%	33.10%	37.57%	37.25%	36.68%
Debt to EBITDA	5.41	3.67	3.66	2.95	8.92	5.11	6.15	4.27	6.38	3.18
Net Debt to EBITDA	2.37	2.12	2.10	1.06	3.69	2.54	3.65	2.24	3.20	1.64
Long-Term Debt to EBITDA	5.41	3.67	3.66	2.95	8.92	5.11	6.15	4.27	6.38	3.18
Debt to NOPAT	23.33	11.11	10.66	12.12	54.08	25.30	43.01	15.22	22.21	-19.68
Net Debt to NOPAT	10.23	6.43	6.13	4.33	22.37	12.57	25.54	8.00	11.13	-10.13
Long-Term Debt to NOPAT	23.33	11.11	10.66	12.12	54.08	25.30	43.01	15.22	22.21	-19.68
Altman Z-Score	1.28	0.95	0.93	0.84	1.09	0.61	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	9.80%	10.24%	14.53%	5.80%	5.60%	5.48%	10.40%	10.57%	9.88%	10.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	0.82	0.87	0.86	0.99	0.90	0.86	0.71	0.71	0.68
Quick Ratio	1.04	0.82	0.87	0.86	0.99	0.90	0.86	0.71	0.71	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-307	-424	-189	178	-114	-162	-406	-115	-195	1,117
Operating Cash Flow to CapEx	1,442.66%	427.31%	-277.33%	181.71%	1,025.00%	2,684.66%	-616.44%	167.18%	530.63%	485.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	8.83	0.00	0.00	0.00	-7.31	0.00	77.02
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	1.40	0.00	0.00	0.00	1.56	0.00	5.38
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.63	0.00	0.00	0.00	0.63	0.00	4.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.54	0.51	0.47	0.65	0.46	0.42	0.39	0.56	0.36
Accounts Receivable Turnover	450.76	382.51	403.23	0.00	973.52	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.81	0.95	0.91	0.00	0.37	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.81	0.95	0.91	0.00	0.37	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,666	1,877	1,870	1,263	1,388	1,444	1,647	1,406	1,274	1,268
Invested Capital Turnover	1.48	1.33	1.21	1.55	1.52	1.43	1.29	1.37	1.48	1.00
Increase / (Decrease) in Invested Capital	278	433	223	-143	113	176	383	146	126	-1,106
Enterprise Value (EV)	5,114	5,484	5,098	4,171	4,058	3,214	0.00	0.00	0.00	0.00
Market Capitalization	4,346	4,467	4,086	3,820	3,555	2,614	0.00	0.00	0.00	0.00
Book Value per Share	$1.87	$1.77	$1.74	$1.85	$1.78	$1.69	$1.91	$1.95	$1.81	$1.75
Tangible Book Value per Share	$0.24	$0.32	$0.31	$0.40	$0.34	$0.29	$0.07	$0.06	($0.03)	($0.08)
Total Capital	2,417	2,484	2,483	1,870	2,082	2,039	2,213	1,938	1,798	1,777
Total Debt	1,338	1,441	1,441	945	1,184	1,183	1,394	1,122	1,049	1,050
Total Long-Term Debt	1,338	1,441	1,441	945	1,184	1,183	1,394	1,122	1,049	1,050
Net Debt	587	834	828	338	490	588	828	589	526	540
Capital Expenditures (CapEx)	17	21	19	15	17	12	17	15	17	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-686	-689	-656	-659	-665	-621	-615	-692	-682	-698
Debt-free Net Working Capital (DFNWC)	26	-126	-84	-92	-9.83	-62	-89	-198	-197	-224
Net Working Capital (NWC)	26	-126	-84	-92	-9.83	-62	-89	-198	-197	-224
Net Nonoperating Expense (NNE)	-52	-4.62	-3.07	-14	-22	-4.71	-0.66	9.82	-73	2.55
Net Nonoperating Obligations (NNO)	587	834	828	338	490	588	828	589	526	540
Total Depreciation and Amortization (D&A)	-23	36	33	36	-14	33	46	20	20	19
Debt-free, Cash-free Net Working Capital to Revenue	-30.30%	-31.23%	-30.81%	-31.82%	-32.86%	-31.93%	-32.72%	-37.97%	-37.97%	-38.33%
Debt-free Net Working Capital to Revenue	1.15%	-5.70%	-3.95%	-4.45%	-0.49%	-3.16%	-4.71%	-10.88%	-10.95%	-12.33%
Net Working Capital to Revenue	1.15%	-5.70%	-3.95%	-4.45%	-0.49%	-3.16%	-4.71%	-10.88%	-10.95%	-12.33%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.03	$0.08	$0.10	$0.05	$0.03	($0.05)	$0.05	$0.00	$0.02
Adjusted Weighted Average Basic Shares Outstanding	473.39M	473.44M	475.27M	470.52M	426.44M	468.54M	391.75M	375.22M	371.56M	371.11M
Adjusted Diluted Earnings per Share	$0.04	$0.03	$0.08	$0.10	$0.04	$0.03	($0.05)	$0.05	$0.01	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	482.88M	479.72M	486.60M	493.35M	489.99M	496.24M	498.81M	384.37M	499.41M	370.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	479.14M	478.65M	480.86M	477.97M	489.99M	477.55M	391.75M	501.07M	499.41M	496.99M
Normalized Net Operating Profit after Tax (NOPAT)	-29	9.10	34	35	-0.80	14	-23	31	-22	17
Normalized NOPAT Margin	-5.06%	1.62%	6.19%	6.04%	-0.16%	2.87%	-4.64%	5.82%	-4.96%	4.19%
Pre Tax Income Margin	4.75%	3.51%	10.02%	12.29%	6.17%	4.94%	-6.34%	6.24%	0.37%	4.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	4.44	0.00	0.00	0.00	2.98	0.00	2.09
NOPAT to Interest Expense	0.00	0.00	0.00	1.74	0.00	0.00	0.00	1.97	0.00	0.74
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	3.67	0.00	0.00	0.00	2.05	0.00	0.98
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.97	0.00	0.00	0.00	1.04	0.00	-0.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.06%	30.83%	29.78%	46.62%	93.93%	183.12%	380.60%	103.70%	74.30%	34.21%
Augmented Payout Ratio	359.56%	322.05%	269.41%	512.93%	693.41%	1,336.76%	2,930.15%	523.22%	380.25%	239.21%

Frequently Asked Questions About BGC Group's Financials

When does BGC Group's fiscal year end?

According to the most recent income statement we have on file, BGC Group's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has BGC Group's net income changed over the last 9 years?

BGC Group's net income appears to be on a downward trend, with a most recent value of $123.23 million in 2024, falling from $318.16 million in 2015. The previous period was $38.78 million in 2023. View BGC Group's forecast to see where analysts expect BGC Group to go next.

What is BGC Group's operating income?

BGC Group's total operating income in 2024 was $80.56 million, based on the following breakdown:

Total Gross Profit: $2.26 billion
Total Operating Expenses: $2.18 billion

How has BGC Group revenue changed over the last 9 years?

Over the last 9 years, BGC Group's total revenue changed from $2.78 billion in 2015 to $2.26 billion in 2024, a change of -18.7%.

How much debt does BGC Group have?

BGC Group's total liabilities were at $2.51 billion at the end of 2024, a 10.3% increase from 2023, and a 6.7% decrease since 2015.

How much cash does BGC Group have?

In the past 9 years, BGC Group's cash and equivalents has ranged from $336.54 million in 2018 to $711.58 million in 2024, and is currently $711.58 million as of their latest financial filing in 2024.

How has BGC Group's book value per share changed over the last 9 years?

Over the last 9 years, BGC Group's book value per share changed from 2.53 in 2015 to 1.87 in 2024, a change of -25.9%.

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This page (NASDAQ:BGC) was last updated on 6/1/2025 by MarketBeat.com Staff

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BGC Group (BGC) Financials

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