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BGC Group (BGC) Financials

BGC Group logo
$9.43 -0.14 (-1.46%)
Closing price 06/20/2025 04:00 PM Eastern
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$9.45 +0.02 (+0.22%)
As of 06/20/2025 07:56 PM Eastern
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Annual Income Statements for BGC Group

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

Quarterly Income Statements for BGC Group

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

Annual Cash Flow Statements for BGC Group

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

Quarterly Cash Flow Statements for BGC Group

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

Annual Balance Sheets for BGC Group

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

Quarterly Balance Sheets for BGC Group

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

Annual Metrics And Ratios for BGC Group

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

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

Quarterly Metrics And Ratios for BGC Group

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

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

Key Financial Trends

Here are some of the most important recent trends in BGC Group’s financials:

  • Revenue grew 10.8% year-over-year in Q4 2024 to $572.3 M, marking four consecutive quarters of positive top-line growth.
  • Net cash from operating activities rose to $251.9 M in Q4 2024, up from $173.5 M a year ago, indicating stronger core cash generation.
  • “Other operating expenses/(income)” swung to a $176.6 M benefit in Q4 2024 versus a $223.5 M benefit in Q4 2023, supporting profitability.
  • Basic and diluted EPS held steady at $0.05/$0.04 in Q4 2024, flat with the prior year quarter.
  • Capital expenditures were roughly unchanged at $17.5 M in Q4 2024, matching investment levels from Q4 2023.
  • The dividend yield remained around 0.77% in Q4 2024, consistent with year-earlier levels.
  • Operating income swung to a loss of $33.8 M in Q4 2024 from near break-even in Q4 2023, driven by higher SG&A expenses.
  • Net income attributable to common shareholders dropped to a $10.9 M loss in Q4 2024, compared with a $39.6 M profit in Q4 2023.
  • Free cash flow to the firm deepened to –$307.2 M in Q4 2024 from –$114.1 M in Q4 2023, pressured by working capital swings and negative EBITDA.
  • Net debt increased to $586.7 M at December 31, 2024, up from $489.6 M a year earlier, elevating leverage on the balance sheet.
06/22/25 10:21 AMAI Generated. May Contain Errors.

Frequently Asked Questions About BGC Group's Financials

When does BGC Group's financial year end?

According to the most recent income statement we have on file, BGC Group's fiscal year ends in December. Their fiscal 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. See where experts think BGC Group is headed by visiting BGC Group's forecast page.

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's 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 6/22/2025 by MarketBeat.com Staff
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