BGC Group

BGC

Financial - Capital Markets · Financial Services

Price

$11.85

+0.97 (+8.92%)

Market Cap

$5.62B

Exchange

NASDAQ

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Exceptional

Cash Flow

Strong

Stability

Mixed

Valuation

Strong

Dividends

Weak

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Share count falling — buybacks

−10.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 540.0M (2021) → 480.9M (2025)

Winston Score History

The full picture

BGC Group is a financial services company that helps large banks, hedge funds, and other big institutions buy and sell financial products like bonds, interest rate contracts, currencies, and real estate securities. It acts as a middleman — called a broker — connecting buyers and sellers in markets that don't trade on public exchanges. BGC is one of the largest inter-dealer brokers in the world.

BGC makes money by charging a small fee or commission on each trade it helps complete. It operates globally, with major hubs in New York, London, and other financial centers across Europe and Asia. Its scale and long-standing relationships with major financial institutions give it a competitive edge, but its business is closely tied to trading volumes, which can drop sharply when markets are calm or uncertain. A key growth driver is its electronic trading platform, FMX, which BGC is expanding to compete more directly with established exchange operators like CME Group.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+10.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+27.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (7%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

8.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~9 years

$933M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$933M cash & investments at current burn rate

Growth context

BGC Group is growing revenue at 10% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-103.4%

Thin — -103.4% gross margin

Profit after running costs

Operating Margin

-16.7%

Losing money on operations — -16.7%

Return on the money invested

ROCE

4.7%

Weak — 4.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth

Sales YoY

+32.5%

Fast-growing sales (+32.5% YoY)

Profit growth

EPS YoY

+35.6%

Earnings growing fast (+35.6% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash

Cash Conversion

187%

Turns 187% of profit into real cash

Spare cash per sale

FCF Margin

8.8%

Modest free cash flow (8.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

1.60

Elevated debt (1.60)

Covers its interest

Interest Cover

1.03x

Dangerous — barely covers interest (1.0x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

29.1x

Growth-priced — P/E 29.1

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+21.0

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (29.1 → 8.2)

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Dividends

Dividend

Dividend Yield

0.69%

Small dividend — 0.69% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+0.0%

Dividend flat

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