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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#2325
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Trading
$4.5B
Howard W. Lutnick
BGC Group, Inc. operates as a financial brokerage and technology company in the United States and internationally. The company primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Group, Inc. was founded in 1945 and is headquartered in New York, New York.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = BGC ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$BGC BGC Group, Inc. | 48 | 65 | 49 | 34 | 30.4x | 32.8x | 13.1% | 2.6% | 100.0% | 6.9% | 5.3% | 33.8% | 0.9% | 161.0x | $4.5B | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
BGC Group, Inc. (BGC) receives a "Reduce" rating with a composite score of 48.0/100. It ranks #2325 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
High profitability & efficiency — strong quality floor supports entry
High volatility — wider range of outcomes increases timing risk
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for BGC.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 65 | 89 | -24DRAG |
| MOMENTUM | 34 | 30 | +4NEUTRAL |
| VALUATION | 49 | 62 | -13DRAG |
| INVESTMENT | 28 | 31 | -3NEUTRAL |
| STABILITY | 35 | 28 | +7ALPHA |
| SHORT INT | 36 | 29 | +7ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 2.2% vs WACC 8.0% (spread -5.8%)
GM 100% vs sector 78%, OM 7% vs sector 18%
Capital turnover 0.69x
Rev growth 34%, 10yr history
Interest coverage N/A, Net debt/EBITDA 34.0x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate BGC Group, Inc. (BGC) as a Reduce with a composite score of 48.0/100 at a current price of $9.28. The quantitative profile shows weakness across multiple dimensions, suggesting limited upside potential.
BGC Group, Inc. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 48.0/100 places it at rank #2325 in our full universe.
No Moat
High
Poor
Fair Value
Gross margins of 100% signal strong pricing power.
Stable competitive position in a defensive sector.
Leverage of 161% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
BGC Group, Inc. represents a reduce based on multi-factor quantitative performance.
BGC Group, Inc. receives a Reduce rating from our analysis, with a composite score of 48.0/100 and 2 out of 5 stars, ranking #2325 out of 7,333 stocks. BGC's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.
BGC earns a quality score of 65/100, indicating above-average business quality. The company reports a return on equity of 13.1% (sector avg: 9.0%), gross margins of 100.0% (sector avg: 77.7%), net margins of 5.3% (sector avg: 21.9%). Companies in this tier generally demonstrate consistent profitability and efficient capital deployment, though they may face some competitive pressure.
With a value score of 49/100, BGC appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 30.37x, an EV/EBITDA of 32.80x, a P/B ratio of 3.97x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.
BGC Group, Inc.'s investment score of 28/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 33.8% vs. a sector average of 10.7% and a return on assets of 2.6% (sector: 1.3%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
BGC is currently showing below-average momentum at 34/100, which may indicate weakening institutional interest or negative sentiment shifts. Revenue growth stands at 33.8% year-over-year, while a beta of 0.99 reflects its sensitivity to broader market moves. Investors should note that declining momentum can precede further price weakness, though contrarian opportunities sometimes emerge at these levels.
BGC's stability score of 35/100 signals elevated volatility and/or leverage concerns. Key stability metrics include a beta of 0.99 and a debt-to-equity ratio of 161.00x (sector avg: 0.5x). Investors should be prepared for wider-than-average price swings and consider position sizing accordingly to manage portfolio risk.
BGC Group, Inc.'s short interest score of 36/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include elevated leverage (D/E: 161.00x). At $4.5B (mid-cap), BGC carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
BGC offers a modest dividend yield of 0.9%. This compares to a sector average dividend yield of 2.0%. While the income contribution is relatively small, even a small dividend signals management's commitment to shareholder returns and can serve as a signal of financial discipline.
BGC Group, Inc. is a mid-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #2325 of 7,333 overall (68th percentile). Key comparisons include ROE of 13.1% exceeding the 9.0% sector median and operating margins of 6.9% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While BGC currently exhibits a REDUCE profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Finance, Insurance, And Real Estate Alpha →Quant Factor Profile
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Improvement in Investment (28) would have the largest impact on the composite score.
EV/EBITDA 322% ABOVE SECTOR MEDIAN
ROE 45% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 29% ABOVE SECTOR MEDIAN (FAVORABLE)
Above 50MA
37.18%
Net New Highs
+51081
BGC Group Inc (BGC) reports a 32% revenue increase in Q4 2025, driven by market share gains and strategic acquisitions, despite rising expenses.
BGC Group’s fourth-quarter results were met with a positive market reaction, reflecting investor optimism around the company’s operational momentum and cost discipline. Management attributed the quarter’s performance to strong organic growth across all asset classes and geographies, as well as the successful integration of the OTC acquisition. Co-CEO Sean Windeatt cited BGC’s expansion into the energy and shipping sectors and improved electronic trading capabilities as key contributors. The comp
In February 2026, BGC Group, Inc. reported past fourth‑quarter 2025 revenue of US$756.37 million, up from US$572.33 million a year earlier, while net income declined to US$14.37 million and full‑year revenue rose to US$2.94 billion with net income of US$154.96 million. Beyond the headline records, BGC’s acquisition of OTC made it the world’s largest energy broker and, together with cost‑saving programs and expanding electronic platforms like FMX, underpinned its confident guidance for higher...
Analyst sees strong upside for Tradeweb Markets, Nasdaq, and BGC Group due to growing electronic fixed-income trading, pent-up demand for IPOs, and political uncertainty. However, some stocks like MarketAxess and CME Group may face near-term headwinds.
Operator: Greetings, and welcome to the BGC Group, Inc Fourth Quarter and Full Year 2025 Earnings Call. All participants at this time are in a listen-only mode.