Reading the tape
NASDAQ: BGC
BGC Group, Inc
Financial Services · Financial - Capital Markets
Market Cap
$5.33B
52w High
$11.91
52w Low
$8.27
P/E
34.59
Volume
1.87M
Outstanding Shares
476.34M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 18.92%Revenue (TTM): 34.47%FCF (TTM): 26.08%P/FCF: 90th pct
What changed
The stock rose 18.92% over the last year. Revenue grew 34.47% over the trailing twelve months. Operating margin moved from 8.39% to 11.9%. Free cash flow grew 26.08% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (90th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 11.9% — continued expansion would be needed to justify the premium. Revenue growth of 34.47% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
BGC Group, Inc. operates as a financial brokerage and technology company in the United States and internationally.
CEOSean A. Windeatt
SectorFinancial Services
IndustryFinancial - Capital Markets
Employees3,971
IPO dateDec 10, 1999
Valuation
Forward P/E—
EV/EBITDA11.71
Enterprise value$5.18B
Price / Book5.48
Stock splits
Dec 3, 2018↑ Forward
Every 200 shares became 311
May 15, 1998↑ Forward
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth46.99%
Gross margin55.43%▲101.72%vs FY2024
Operating margin11.9%▲25.36%vs FY2024
ROE15.93%▲12.75%vs FY2024
Analyst consensus
RatingBuy
Target price$11.50▲2.77%
2
Buy
0
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.41 · Revenue est $923.36M
View
Dividends
$0.08/shareQuarterly5yr growth streakSafeBGC pays a dividend with a 0.71% dividend yield, 5 consecutive years of growth, growing at 14.87% annually, covered 6.9× by free cash flow.
Dividend Yield
0.71%
Annual Div / Share
$0.08
5yr CAGR
+14.87%
Doubles every ~5.0yr
Payout Ratio
25.16%
Safe
Dividend Growth Rate
3yr CAGR
+25.99%
5yr CAGR
+14.87%
10yr CAGR
-13.97%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.08+0.0%
2024$0.08+100.0%
2023$0.04+0.0%
2022$0.04+0.0%
2021$0.04+0.0%
2020$0.04-92.9%
2019$0.56+14.9%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$7/yr
$1/mo
In 5 yrs
$13/yr+76%
$1/mo
In 10 yrs
$22/yr+211%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$7/yr $1/mo | $13/yr+76% $1/mo | $22/yr+211% $2/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.71% → 2.22% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 6.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 14.87% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.