BGC Group, Inc. — Earnings Quality Grade F
BGC · Financial Services
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
Insufficient data
AR growth -100.0% vs revenue growth 30.9%
Revenue 30.9%, CFFO 25.1%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -8.4% vs revenue 30.9%. Normal
SG&A/Gross Profit = 73.2%, exceeds 70%
Gross margin swung -5.5pp (44.4% → 38.9%)
Cash Flow Quality
CFFO/NI = 2.54. Profits backed by cash
FCF $0.3B, FCF/NI = 2.12
Accruals ratio = -5.4%. Low accruals
Cash $0.9B covers only 43% of debt $2.0B
Balance Sheet Health
Goodwill+Intangibles $1.1B = 111% of equity. Over 50%
Debt/EBITDA = 4.5x (>4x). Financial stress
Other assets 43.9% vs revenue 30.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 38% YoY
Manipulation Score
M-Score = -3.30 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
BGC Group, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25