Bgc Group, Inc. (BGC) intrinsic value & 10-year financials
Bgc Group, Inc. (BGC) has a Graham intrinsic value of $1.39 per share. At $11.59 on Oct 17, 2026, the stock trades 734% above that value. Over the last 10 fiscal years revenue shrank 0.8% a year to $2.4B, with an average return on invested capital of 6.7%.
- Graham intrinsic value
- $1.39
- Share price (Oct 17, 2026)
- $11.59
- Price vs Graham value
- 734% above
- Market cap
- $5.6B
- Revenue (FY2025)
- $2.4B
- Revenue growth (10-yr CAGR)
- -0.8%
- ROIC (10-yr avg)
- 6.7%
- Free cash flow (FY2025)
- $372.9M
BGC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.4B | $155.0M | $0.31 | $372.9M | — | 9.0% |
| FY2024 | $1.8B | $127.0M | $0.25 | $285.7M | — | 8.6% |
| FY2023 | $1.6B | $36.3M | $0.07 | $390.3M | — | 2.7% |
| FY2022 | $1.4B | $48.7M | $0.13 | $213.8M | — | 4.1% |
| FY2021 | $1.7B | $124.0M | $0.32 | $407.1M | — | 9.5% |
| FY2020 | $1.7B | $48.9M | $0.12 | $271.8M | — | 3.4% |
| FY2019 | $1.8B | $55.7M | $0.13 | $194.4M | — | 4.3% |
| FY2018 | $1.6B | $197.5M | — | -$91.9M | — | 13.8% |
| FY2017 | $3.4B | $51.5M | $0.17 | $1.2B | — | 3.5% |
| FY2016 | $2.6B | $102.5M | $0.36 | -$76.6M | — | 7.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BGC Group, Inc. is facing top-line stagnation, with revenue contracting over the decade.
BGC Group, Inc. has historically struggled to out-earn its cost of capital, averaging just 6.7% ROIC.
Over the decade, BGC Group, Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BGC Group, Inc. is modeled at -1.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.39 per share.