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Side-by-side financial comparison of BGC Group, Inc. (BGC) and CURTISS WRIGHT CORP (CW). Click either name above to swap in a different company.

CURTISS WRIGHT CORP is the larger business by last-quarter revenue ($947.0M vs $638.6M, roughly 1.5× BGC Group, Inc.). CURTISS WRIGHT CORP runs the higher net margin — 14.5% vs 2.3%, a 12.2% gap on every dollar of revenue. On growth, BGC Group, Inc. posted the faster year-over-year revenue change (34.4% vs 14.9%). CURTISS WRIGHT CORP produced more free cash flow last quarter ($315.1M vs $175.1M). Over the past eight quarters, BGC Group, Inc.'s revenue compounded faster (18.7% CAGR vs 15.2%).

BGC Group, Inc. is an American global financial services company based in New York City and London. Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004.

The Curtiss-Wright Corporation is an American manufacturer and services provider headquartered in Davidson, North Carolina, with factories and operations in and outside the United States. Created in 1929 from the consolidation of Curtiss, Wright, and various supplier companies, the company was immediately the country's largest aviation firm and built more than 142,000 aircraft engines for the U.S. military during World War II.

BGC vs CW — Head-to-Head

Bigger by revenue
CW
CW
1.5× larger
CW
$947.0M
$638.6M
BGC
Growing faster (revenue YoY)
BGC
BGC
+19.5% gap
BGC
34.4%
14.9%
CW
Higher net margin
CW
CW
12.2% more per $
CW
14.5%
2.3%
BGC
More free cash flow
CW
CW
$140.0M more FCF
CW
$315.1M
$175.1M
BGC
Faster 2-yr revenue CAGR
BGC
BGC
Annualised
BGC
18.7%
15.2%
CW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGC
BGC
CW
CW
Revenue
$638.6M
$947.0M
Net Profit
$14.4M
$137.0M
Gross Margin
37.5%
Operating Margin
3.9%
19.2%
Net Margin
2.3%
14.5%
Revenue YoY
34.4%
14.9%
Net Profit YoY
-43.0%
16.2%
EPS (diluted)
$0.03
$3.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BGC
BGC
CW
CW
Q4 25
$638.6M
$947.0M
Q3 25
$620.8M
$869.2M
Q2 25
$648.0M
$876.6M
Q1 25
$534.6M
$805.6M
Q4 24
$475.2M
$824.3M
Q3 24
$448.9M
$798.9M
Q2 24
$435.0M
$784.8M
Q1 24
$453.6M
$713.2M
Net Profit
BGC
BGC
CW
CW
Q4 25
$14.4M
$137.0M
Q3 25
$27.9M
$124.8M
Q2 25
$57.5M
$121.1M
Q1 25
$55.2M
$101.3M
Q4 24
$25.2M
$117.9M
Q3 24
$14.7M
$111.2M
Q2 24
$37.8M
$99.5M
Q1 24
$49.2M
$76.5M
Gross Margin
BGC
BGC
CW
CW
Q4 25
37.5%
Q3 25
37.7%
Q2 25
37.2%
Q1 25
36.3%
Q4 24
38.5%
Q3 24
37.3%
Q2 24
36.2%
Q1 24
35.6%
Operating Margin
BGC
BGC
CW
CW
Q4 25
3.9%
19.2%
Q3 25
5.4%
19.1%
Q2 25
11.6%
17.8%
Q1 25
15.0%
16.0%
Q4 24
5.7%
18.8%
Q3 24
4.4%
18.1%
Q2 24
12.7%
16.4%
Q1 24
15.7%
14.0%
Net Margin
BGC
BGC
CW
CW
Q4 25
2.3%
14.5%
Q3 25
4.5%
14.4%
Q2 25
8.9%
13.8%
Q1 25
10.3%
12.6%
Q4 24
5.3%
14.3%
Q3 24
3.3%
13.9%
Q2 24
8.7%
12.7%
Q1 24
10.8%
10.7%
EPS (diluted)
BGC
BGC
CW
CW
Q4 25
$0.03
$3.69
Q3 25
$0.06
$3.31
Q2 25
$0.11
$3.19
Q1 25
$0.11
$2.68
Q4 24
$0.04
$3.09
Q3 24
$0.03
$2.89
Q2 24
$0.08
$2.58
Q1 24
$0.10
$1.99

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BGC
BGC
CW
CW
Cash + ST InvestmentsLiquidity on hand
$851.5M
Total DebtLower is stronger
$1.5B
$957.9M
Stockholders' EquityBook value
$972.5M
$2.5B
Total Assets
$4.4B
$5.2B
Debt / EquityLower = less leverage
1.58×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGC
BGC
CW
CW
Q4 25
$851.5M
Q3 25
$774.9M
Q2 25
$827.8M
Q1 25
$966.4M
$226.5M
Q4 24
$711.6M
$385.0M
Q3 24
$563.5M
Q2 24
$571.7M
Q1 24
$566.8M
$338.0M
Total Debt
BGC
BGC
CW
CW
Q4 25
$1.5B
$957.9M
Q3 25
$1.8B
$968.6M
Q2 25
$1.8B
$958.4M
Q1 25
$1.1B
$958.6M
Q4 24
$1.1B
$1.0B
Q3 24
$1.4B
$1.0B
Q2 24
$1.4B
$1.0B
Q1 24
$945.0M
$1.1B
Stockholders' Equity
BGC
BGC
CW
CW
Q4 25
$972.5M
$2.5B
Q3 25
$965.3M
$2.5B
Q2 25
$930.5M
$2.7B
Q1 25
$963.8M
$2.6B
Q4 24
$898.5M
$2.4B
Q3 24
$860.1M
$2.5B
Q2 24
$858.1M
$2.5B
Q1 24
$912.1M
$2.4B
Total Assets
BGC
BGC
CW
CW
Q4 25
$4.4B
$5.2B
Q3 25
$5.8B
$5.1B
Q2 25
$4.9B
$5.2B
Q1 25
$4.9B
$5.0B
Q4 24
$3.6B
$5.0B
Q3 24
$4.4B
$4.9B
Q2 24
$4.3B
$4.7B
Q1 24
$4.4B
$4.6B
Debt / Equity
BGC
BGC
CW
CW
Q4 25
1.58×
0.38×
Q3 25
1.90×
0.38×
Q2 25
1.97×
0.35×
Q1 25
1.19×
0.37×
Q4 24
1.27×
0.43×
Q3 24
1.68×
0.42×
Q2 24
1.68×
0.43×
Q1 24
1.04×
0.44×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BGC
BGC
CW
CW
Operating Cash FlowLast quarter
$180.4M
$352.7M
Free Cash FlowOCF − Capex
$175.1M
$315.1M
FCF MarginFCF / Revenue
27.4%
33.3%
Capex IntensityCapex / Revenue
0.8%
4.0%
Cash ConversionOCF / Net Profit
12.55×
2.57×
TTM Free Cash FlowTrailing 4 quarters
$372.9M
$553.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGC
BGC
CW
CW
Q4 25
$180.4M
$352.7M
Q3 25
$141.9M
$192.8M
Q2 25
$71.2M
$136.6M
Q1 25
$839.0K
$-38.8M
Q4 24
$251.9M
$301.3M
Q3 24
$88.3M
$177.3M
Q2 24
$-53.0M
$111.3M
Q1 24
$28.1M
$-45.6M
Free Cash Flow
BGC
BGC
CW
CW
Q4 25
$175.1M
$315.1M
Q3 25
$137.2M
$175.9M
Q2 25
$65.0M
$117.2M
Q1 25
$-4.4M
$-54.5M
Q4 24
$245.6M
$278.0M
Q3 24
$78.8M
$162.7M
Q2 24
$-63.5M
$100.3M
Q1 24
$24.9M
$-57.7M
FCF Margin
BGC
BGC
CW
CW
Q4 25
27.4%
33.3%
Q3 25
22.1%
20.2%
Q2 25
10.0%
13.4%
Q1 25
-0.8%
-6.8%
Q4 24
51.7%
33.7%
Q3 24
17.5%
20.4%
Q2 24
-14.6%
12.8%
Q1 24
5.5%
-8.1%
Capex Intensity
BGC
BGC
CW
CW
Q4 25
0.8%
4.0%
Q3 25
0.8%
1.9%
Q2 25
1.0%
2.2%
Q1 25
1.0%
2.0%
Q4 24
1.3%
2.8%
Q3 24
2.1%
1.8%
Q2 24
2.4%
1.4%
Q1 24
0.7%
1.7%
Cash Conversion
BGC
BGC
CW
CW
Q4 25
12.55×
2.57×
Q3 25
5.09×
1.54×
Q2 25
1.24×
1.13×
Q1 25
0.02×
-0.38×
Q4 24
9.99×
2.56×
Q3 24
5.99×
1.59×
Q2 24
-1.40×
1.12×
Q1 24
0.57×
-0.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BGC
BGC

Commissions$590.2M92%
Data Software And Post Trade$36.7M6%
Fees From Related Parties$4.6M1%

CW
CW

Naval Power$417.4M44%
Defense Electronics$268.3M28%
Aerospace Industrial$262.4M28%

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