The Filing Desk

BGC Group vs PJT Partners

BGC Group BGC · PJT Partners PJT · Investment Banking & Brokerage

BGC Group reported revenue of $2.9 billion in fiscal 2025, 1.7 times PJT Partners' $1.7 billion in fiscal 2025. BGC Group's revenue grew 30.0% in its latest year, and PJT Partners' grew 14.8%. Free cash flow was $373 million at BGC Group and $480 million at PJT Partners.

Side by side

BGC GroupPJT Partners
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$2.9B$1.7B
Revenue growth30.0%14.8%
Revenue growth a year, last 5 years7.4%10.2%
Gross margin——
Operating margin——
Net margin5.3%10.5%
Free cash flow$373M$480M
Free cash flow margin12.7%28.0%
Return on capital13.2%—
Net debt to EBITDA1.7x—
Dividends and buybacks$320M$220M
Change in diluted share count0.4%—
Last close$11.79$142.90
P/E at the last close28.8×—
Insider trades, last 12 monthssold $95,500sold $3.7 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
BGC GroupPJT Partners
Operating margin
Percent of revenue
BGC GroupPJT Partners
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BGC GroupPJT Partners

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the BGC Group and PJT Partners pages.