BGC Group, Inc.
Description
BGC Group, Inc. operates as a financial brokerage and technology company in the United States and internationally. The company offers various brokerage products, such as fixed income, such as government bonds, corporate bonds, and other debt instruments, as well as related interest rate derivatives and credit derivatives; equities, energy and commodities, shipping, insurance, and futures and options. It also provides trade execution, connectivity solutions, brokerage services, clearing, trade compression and other post-trade services, information, and other back-office services to an assortment of financial and non-financial institutions. In addition, the company offers electronic and hybrid brokerage, other financial technology solutions, market data and related information services. Further, its integrated platform is designed to provide flexibility to customers with regard to price discovery, execution and processing of transactions, Hybrid, or in various markets, as well as fully electronic brokerage services in connection with transactions executed either OTC or through an exchange. 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.
About
CEO
Mr. Howard W. Lutnick
Employees
3,856
Instrument type
Common Stock
Sector
Financial Services
Industry
Capital Markets
MIC code
XNGS
Address
499 Park Avenue, New York, NY 10022, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 12, 2025 | 0.25 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 1 |
| Average estimate | — | 0.27 | — | 1.06 |
| Low estimate | — | 0.27 | — | 1.06 |
| High estimate | — | 0.27 | — | 1.06 |
| Last year EPS | — | 0.25 | — | 0.99 |
[stock_revenue_estimate]
Growth estimates
Current qtr
19.050%
Next qtr. (Mar 2025)
8.000%
Current year
20.730%
Next year (Dec 2025)
7.070%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.98B | 1.77B | 1.99B | 2.04B | 2.09B |
| Cost of revenue | 1.09B | 937.10M | 1.36B | 1.22B | 1.21B |
| Gross profit | 893.20M | 837.19M | 633.31M | 828.88M | 875.85M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 754.55M | 634.65M | 667.92M | 610.33M | 651.67M |
| Other operating expenses | — | — | 24.03M | 23.62M | 19.78M |
| Operating income | 138.66M | 202.54M | -34.61M | 218.54M | 224.18M |
| Non operating interest income | |||||
| Income | 45.42M | 21.01M | 21.98M | 12.33M | 18.32M |
| Expense | 77.23M | 57.93M | 69.33M | 76.61M | 60.25M |
| Other income expense | -49.14M | -68.17M | 258.46M | -82.05M | -65.62M |
| Pretax income | 57.71M | 97.45M | 176.50M | 72.22M | 116.63M |
| Tax provision | 18.93M | 38.58M | 23.01M | 21.30M | 49.81M |
| Net income | 38.78M | 58.87M | 153.49M | 50.92M | 66.82M |
| Basic EPS | 0.08 | 0.13 | 0.33 | 0.14 | 0.16 |
| Diluted EPS | 0.07 | 0.13 | 0.32 | 0.13 | 0.16 |
| Basic average shares | 426.44M | 371.56M | 379.22M | 361.74M | 344.33M |
| Diluted average shares | 426.44M | 371.56M | 379.22M | 361.74M | 344.33M |
| EBITDA | 215.36M | 231.47M | 14.76M | 233.86M | 240.32M |
| Net income from continuing op. | 38.78M | 58.87M | 153.49M | 50.92M | 66.82M |
| Minority interests | -2.51M | -10.16M | -29.48M | -5.86M | -22.92M |
| Preferred stock dividends | 2.20M | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 3.18B | 3.07B | 3.34B | 3.95B | 3.93B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 655.64M | 484.99M | 553.60M | 596.29M | 415.38M |
| Other short term investments | — | — | 40.84M | 58.57M | 57.53M |
| Accounts receivable | — | — | 5.51M | 3.00M | 1.93M |
| Other receivables | 652.22M | 844.39M | 1.07B | 1.04B | 1.34B |
| Inventory | — | — | — | — | — |
| Prepaid assets | 30.40M | 34.66M | 32.56M | 51.57M | 40.44M |
| Restricted cash | 17.26M | 17.02M | 13.20M | 257.12M | 220.74M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 124.17M | 129.79M | 136.25M | 165.97M | 169.07M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 463.67M | 416.01M | 377.01M | 357.66M | 330.35M |
| Construction in progress | — | — | — | — | — |
| Leases | 99.03M | 94.88M | 105.36M | 121.02M | 116.23M |
| Accumulated depreciation | -384.40M | -327.40M | -292.26M | -262.66M | -241.74M |
| Goodwill | 1.22B | 1.17B | 1.18B | 1.40B | 1.41B |
| Investment properties | — | — | — | — | — |
| Financial assets | 3.61M | 3.76M | 2.88M | 931,000 | 1.87M |
| Intangible assets | 211.29M | 192.78M | 207.75M | 287.16M | 303.22M |
| Investments and advances | 169.67M | 161.53M | 156.38M | 120.12M | 138.25M |
| Other non current assets | 235.56M | 172.01M | 157.31M | 153.68M | 136.16M |
| Total liabilities | 2.28B | 2.34B | 2.68B | 3.14B | 3.20B |
| Current liabilities | |||||
| Accounts payable | 76,000 | 1.63M | — | 11.84M | 11.95M |
| Accrued expenses | 182.39M | 199.96M | 203.94M | 890.89M | 890.65M |
| Short term debt | 239.18M | 1.92M | 3.58M | 3.85M | 73.91M |
| Deferred revenue | — | — | — | 24.32M | 18.07M |
| Tax payable | 293.53M | 290.58M | 277.93M | 255.94M | 212.49M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.10B | 1.21B | 1.22B | 1.51B | 1.28B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 25.17M | 21.26M | 18.14M | 24.32M | 18.07M |
| Derivative product liabilities | 5.76M | 7.63M | 2.85M | 1.46M | 4.15M |
| Other non current liabilities | 12.74M | 24.68M | 28.80M | 23.43M | 27.64M |
| Shareholders equity | |||||
| Common stock | 5.13M | 5.18M | 4.82M | 4.19M | 4.04M |
| Retained earnings | -1.12B | -1.14B | -1.17B | -1.28B | -1.25B |
| Other shareholders equity | -38.58M | -45.43M | -40.55M | -28.93M | -33.10M |
| Total shareholders equity | 898.16M | 733.21M | 663.32M | 811.30M | 724.97M |
| Additional paid in capital | 2.11B | 2.56B | 2.45B | 2.38B | 2.27B |
| Treasury stock | 67.41M | 711.45M | 623.73M | 315.31M | 315.31M |
| Minority interest | 13.07M | 63.56M | 43.56M | 57.06M | 50.32M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||
| Net Income | 38.78M | 58.87M | 153.49M | 50.92M | 66.82M | 108.15M | -88.64M | 64.12M | 318.16M | -14.41M | 173.76M | 35.51M | 38.36M | 45.37M | 40.81M | -10.34M | 31.00M | -106.39M | 2.04M | 25.85M | 36.10M | 41.97M | -18.33M | -60.41M | -12.60M |
| Depreciation | 80.42M | 75.05M | 81.87M | 85.42M | 81.87M | 71.50M | 65.44M | 62.55M | 138.66M | 46.12M | 47.15M | 50.99M | 49.28M | 50.18M | 52.97M | 57.13M | 95.57M | 98.21M | 33.30M | 25.16M | 20.21M | 16.25M | 7.20M | 6.10M | 3.10M |
| Deferred Taxes | -60.56M | -14.63M | -11.95M | -16.55M | -4.20M | -23.74M | 19.86M | -32.10M | 60.02M | -26.19M | -81.99M | -11.55M | 1.96M | -2.93M | -360,000 | -10.53M | -4.97M | -2.38M | 592,000 | -1.17M | 4.16M | — | — | — | — |
| Stock-Based Compensation | 355.38M | 251.07M | 256.16M | 183.55M | 170.63M | 200.06M | 233.24M | 155.06M | 278.68M | 150.13M | 434.00M | 144.45M | 143.54M | 25.71M | 22.13M | 93.51M | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 55.28M | 50.65M | 220.41M | 79.24M | 44.55M | 27.13M | 39.05M | 28.32M | 433.83M | 20.00M | 196.82M | 33.23M | 32.25M | 36.37M | 11.23M | 17.79M | 17.50M | 25.28M | — | — | — | — | 440,679 | — | — |
| Accounts Receivable | 127.90M | 171.27M | -614.18M | 147.21M | 243.09M | -381.66M | -211.50M | 295.45M | 573.00M | -287.49M | -106.61M | -81.22M | 275.57M | -75.96M | -290.88M | 9.14M | 216.69M | -244.14M | -2.71M | -112,000 | 3.75M | 3.02M | -5.73M | — | — |
| Accounts Payable | -34.60M | -37.84M | 106.92M | 57.95M | -17.42M | 51.00M | 10.68M | -30.37M | -74.91M | 56.08M | 145.17M | 23.37M | -15.44M | 10.45M | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 32.78M | -31.26M | 37.16M | -21.57M | -3.33M | -360.89M | 452.23M | -267.58M | 3.21M | -58.46M | -14.96M | -76.74M | -93.96M | 7.22M | 143.89M | 38.62M | -4.82M | -12.26M | -1.07M | 2.63M | -12.32M | 4.01M | 1.66M | 954,307 | 6.40M |
| Operating Cash Flow | 595.37M | 523.18M | 229.89M | 566.16M | 582.00M | -308.45M | 520.37M | 275.44M | 1.73B | -114.22M | 793.33M | 118.03M | 431.57M | 96.40M | -20.20M | 195.31M | 350.96M | -241.68M | 32.17M | 52.36M | 51.90M | 65.25M | -14.76M | -53.36M | -3.10M |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -14.92M | -10.59M | -10.11M | -30.83M | -46.67M | -24.53M | -25.04M | -17.82M | -39.00M | -14.07M | -22.99M | -36.76M | -27.19M | -29.11M | -29.14M | -38.86M | -41.44M | -52.09M | -15.36M | -15.12M | -8.19M | -9.77M | -12.90M | -11.04M | -2.70M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | -1.70M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -30.33M | 6.04M | 543.83M | -5.00M | 30.28M | -44.44M | -92.88M | -144.66M | -158.59M | -129.98M | 574.54M | -31.41M | -46.70M | -4.38M | -5.14M | -5.00M | — | -4.16M | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | -1.12M | -1.46M | -1.72M | -925,000 | -106.82M | -69.63M | -12.90M | -73.80M | -7.11M | -17.50M | -1.75M | -11.88M | -5.30M | -3.04M | -3.78M | -24.64M | — | -14.00M | — | — | -2.91M | -5.83M | — |
| Sale of Investments | — | — | — | 14.24M | 24.63M | 128.02M | 38.26M | 636.73M | 129.18M | 43.00M | — | 54.31M | — | — | — | — | 106.20M | — | 5.84M | — | — | — | — | — | — |
| Investing Cash Flow | -45.73M | -5.16M | 163.20M | -25.05M | 6.53M | 58.12M | -186.49M | 404.62M | -81.30M | -174.85M | 544.44M | -53.37M | -75.64M | -45.36M | -39.58M | 17.12M | -24.74M | -95.88M | -30.20M | -54.38M | -25.53M | -31.84M | -11.80M | -25.90M | -139.80M |
| Financing Activities | |||||||||||||||||||||||||
| Long-Term Debt Issuance | 754.32M | — | 298.42M | 524.40M | 709.85M | 639.20M | 1.00B | 295.77M | 5.68B | 295.09M | — | 139.70M | 177.05M | 179.76M | 17.59M | 150.00M | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -625.17M | -6.47M | -566.24M | -357.79M | -332.38M | -449.60M | -10.63M | -166.79M | -6.24B | -1.60M | -48.25M | -128.38M | -47.51M | -158.09M | — | -196.82M | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -7.16M | -2.90M | -8.48M | -8.54M | -8.60M | -8.57M | -872.68M | -135.91M | -115.89M | -129.42M | -208.17M | -108.07M | -97.73M | -74.55M | -657,000 | -167.20M | -306,000 | -412,000 | — | — | — | — | 45.71M | -1.60M | -4.20M |
| Financing Cash Flow | -148.80M | -233.21M | -819.54M | -13.10M | 18.25M | 50.89M | -237.88M | -258.48M | -894.97M | -41.33M | -363.34M | -188.61M | -16.59M | -100.20M | -57.27M | -178.52M | 131,000 | 7.33M | -28.74M | -28.58M | 8.95M | 1.20M | 45.91M | 23.77M | 139.80M |
| Other Cash Details | |||||||||||||||||||||||||
| End Cash Position | 672.90M | 502.01M | 566.80M | 853.41M | 640.84M | 416.78M | 796.79M | 593.44M | 563.03M | 649.69M | 716.92M | 388.41M | 369.71M | 364.10M | 469.30M | 204.93M | 277.30M | 130.89M | 178.44M | 209.69M | 228.50M | 188.00M | 159.90M | 122.16M | 200,000 |
| Income Tax Paid | 70.72M | 35.78M | 43.36M | 41.91M | 48.00M | 66.54M | 78.30M | 94.68M | 43.79M | 87.93M | 152.11M | 20.29M | 16.68M | 20.87M | 15.88M | 26.74M | — | — | — | — | — | — | — | — | — |
| Interest Paid | 80.66M | 53.66M | 66.45M | 69.57M | 51.78M | 41.95M | 75.31M | 63.60M | 68.12M | 32.10M | 33.18M | 27.19M | 20.52M | 9.36M | 9.92M | 17.10M | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 345.31M | 165.60M | 363.90M | 217.44M | 143.60M | -889.92M | 1.23B | -709.65M | 627.58M | 139.52M | 125.69M | 119.83M | 41.15M | 13.99M | 328.54M | 48.99M | 181.66M | -83.20M | 12.32M | 49.02M | 46.14M | 48.98M | -9.28M | -21.59M | -2.50M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 21,380,777 | 205.68M | 5.77% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 11,245,330 | 108.18M | 3.04% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 8,965,664 | 86.25M | 2.42% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 8,446,764 | 81.26M | 2.28% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 6,071,407 | 58.41M | 1.64% |
| Fidelity Value Fund | Nov 30, 2024 | 6,024,700 | 57.96M | 1.63% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 5,700,140 | 54.84M | 1.54% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 3,715,353 | 35.74M | 1.00% |
| SPDR Portfolio S&P 600 Small Cap ETF | Nov 30, 2024 | 3,458,888 | 33.27M | 0.93% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 3,076,241 | 29.59M | 0.83% |
Article
BGC Group to Report Fourth Quarter 2024 Financial Results on February 14, 2025
Conference call to be hosted at 11:00 a.m. ET NEW YORK , Jan. 22, 2025 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) will announce its fourth quarter 2024 financial results on Friday, February 14, 2025, at approximately 8:00 a.m.
Jan 22, 2025
Article
BGC Group Maintains Q4 and 2024 Revenue and Pre-Tax Income Guidance
BGC affirms its fourth quarter and full-year 2024 guidance for revenues and pre-tax adjusted earnings.
Jan 2, 2025
Article
BGC Group Updates its Outlook for the Fourth Quarter of 2024
NEW YORK , Dec. 31, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC), today announced that it has updated its outlook for the quarter ending December 31, 2024. Updated Outlook BGC reaffirmed its previously stated outlook ranges for revenue and pre-tax Adjusted Earnings for the fourth quarter of 2024.
Dec 31, 2024
