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Side-by-side financial comparison of BGC Group, Inc. (BGC) and Garden Stage Ltd (GSIW). Click either name above to swap in a different company.
BGC Group, Inc. is the larger business by last-quarter revenue ($638.6M vs $704.3K, roughly 906.7× Garden Stage Ltd). BGC Group, Inc. runs the higher net margin — 2.3% vs -464.9%, a 467.2% gap on every dollar of revenue. On growth, BGC Group, Inc. posted the faster year-over-year revenue change (34.4% vs 0.0%).
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.
Virginia Stage Company (VSC) is a professional theater company located in Hampton Roads, Virginia. VSC presents locally produced plays for over 70,000 patrons a year both at the Wells Theatre in Norfolk, Virginia and throughout the community. A nonprofit theater, VSC has developed their "American Soil Series," a program that commissions plays of special regional interest, usually receiving their world premieres.
BGC vs GSIW — Head-to-Head
Income Statement — Q4 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $638.6M | $704.3K |
| Net Profit | $14.4M | $-3.3M |
| Gross Margin | — | — |
| Operating Margin | 3.9% | — |
| Net Margin | 2.3% | -464.9% |
| Revenue YoY | 34.4% | 0.0% |
| Net Profit YoY | -43.0% | 0.0% |
| EPS (diluted) | $0.03 | — |
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.
| Q4 25 | $638.6M | — | ||
| Q3 25 | $620.8M | $704.3K | ||
| Q2 25 | $648.0M | — | ||
| Q1 25 | $534.6M | — | ||
| Q4 24 | $475.2M | — | ||
| Q3 24 | $448.9M | $1.2M | ||
| Q2 24 | $435.0M | — | ||
| Q1 24 | $453.6M | — |
| Q4 25 | $14.4M | — | ||
| Q3 25 | $27.9M | $-3.3M | ||
| Q2 25 | $57.5M | — | ||
| Q1 25 | $55.2M | — | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $14.7M | $-3.3M | ||
| Q2 24 | $37.8M | — | ||
| Q1 24 | $49.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 77.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 4.4% | -277.9% | ||
| Q2 24 | 12.7% | — | ||
| Q1 24 | 15.7% | — |
| Q4 25 | 2.3% | — | ||
| Q3 25 | 4.5% | -464.9% | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 3.3% | -277.5% | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 10.8% | — |
| Q4 25 | $0.03 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $0.11 | — | ||
| Q4 24 | $0.04 | — | ||
| Q3 24 | $0.03 | $0.21 | ||
| Q2 24 | $0.08 | — | ||
| Q1 24 | $0.10 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $851.5M | — |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $972.5M | $6.7M |
| Total Assets | $4.4B | $15.9M |
| Debt / EquityLower = less leverage | 1.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $851.5M | — | ||
| Q3 25 | $774.9M | — | ||
| Q2 25 | $827.8M | — | ||
| Q1 25 | $966.4M | — | ||
| Q4 24 | $711.6M | — | ||
| Q3 24 | $563.5M | — | ||
| Q2 24 | $571.7M | — | ||
| Q1 24 | $566.8M | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $945.0M | — |
| Q4 25 | $972.5M | — | ||
| Q3 25 | $965.3M | $6.7M | ||
| Q2 25 | $930.5M | — | ||
| Q1 25 | $963.8M | — | ||
| Q4 24 | $898.5M | — | ||
| Q3 24 | $860.1M | $6.9M | ||
| Q2 24 | $858.1M | — | ||
| Q1 24 | $912.1M | — |
| Q4 25 | $4.4B | — | ||
| Q3 25 | $5.8B | $15.9M | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $3.6B | — | ||
| Q3 24 | $4.4B | $15.6M | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.90× | — | ||
| Q2 25 | 1.97× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.68× | — | ||
| Q1 24 | 1.04× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $180.4M | $-809.6K |
| Free Cash FlowOCF − Capex | $175.1M | — |
| FCF MarginFCF / Revenue | 27.4% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 12.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $372.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.4M | — | ||
| Q3 25 | $141.9M | $-809.6K | ||
| Q2 25 | $71.2M | — | ||
| Q1 25 | $839.0K | — | ||
| Q4 24 | $251.9M | — | ||
| Q3 24 | $88.3M | $-809.6K | ||
| Q2 24 | $-53.0M | — | ||
| Q1 24 | $28.1M | — |
| Q4 25 | $175.1M | — | ||
| Q3 25 | $137.2M | — | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $245.6M | — | ||
| Q3 24 | $78.8M | $-1.0M | ||
| Q2 24 | $-63.5M | — | ||
| Q1 24 | $24.9M | — |
| Q4 25 | 27.4% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 51.7% | — | ||
| Q3 24 | 17.5% | -87.1% | ||
| Q2 24 | -14.6% | — | ||
| Q1 24 | 5.5% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.1% | 18.5% | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | 12.55× | — | ||
| Q3 25 | 5.09× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 9.99× | — | ||
| Q3 24 | 5.99× | — | ||
| Q2 24 | -1.40× | — | ||
| Q1 24 | 0.57× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
GSIW
Segment breakdown not available.
