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Side-by-side financial comparison of BGC Group, Inc. (BGC) and Tri Pointe Homes, Inc. (TPH). Click either name above to swap in a different company.

Tri Pointe Homes, Inc. is the larger business by last-quarter revenue ($972.6M vs $638.6M, roughly 1.5× BGC Group, Inc.). Tri Pointe Homes, Inc. runs the higher net margin — 6.2% vs 2.3%, a 3.9% gap on every dollar of revenue. On growth, BGC Group, Inc. posted the faster year-over-year revenue change (34.4% vs -22.4%). Tri Pointe Homes, Inc. produced more free cash flow last quarter ($213.2M vs $175.1M). Over the past eight quarters, BGC Group, Inc.'s revenue compounded faster (18.7% CAGR vs 1.8%).

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.

Tri Pointe Homes, Inc. is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. The company is the 18th largest home construction company in the United States based on the number of homes closed.

BGC vs TPH — Head-to-Head

Bigger by revenue
TPH
TPH
1.5× larger
TPH
$972.6M
$638.6M
BGC
Growing faster (revenue YoY)
BGC
BGC
+56.8% gap
BGC
34.4%
-22.4%
TPH
Higher net margin
TPH
TPH
3.9% more per $
TPH
6.2%
2.3%
BGC
More free cash flow
TPH
TPH
$38.0M more FCF
TPH
$213.2M
$175.1M
BGC
Faster 2-yr revenue CAGR
BGC
BGC
Annualised
BGC
18.7%
1.8%
TPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGC
BGC
TPH
TPH
Revenue
$638.6M
$972.6M
Net Profit
$14.4M
$60.2M
Gross Margin
Operating Margin
3.9%
8.1%
Net Margin
2.3%
6.2%
Revenue YoY
34.4%
-22.4%
Net Profit YoY
-43.0%
-53.4%
EPS (diluted)
$0.03
$0.70

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
TPH
TPH
Q4 25
$638.6M
$972.6M
Q3 25
$620.8M
$854.7M
Q2 25
$648.0M
$902.4M
Q1 25
$534.6M
$740.9M
Q4 24
$475.2M
$1.3B
Q3 24
$448.9M
$1.1B
Q2 24
$435.0M
$1.2B
Q1 24
$453.6M
$939.4M
Net Profit
BGC
BGC
TPH
TPH
Q4 25
$14.4M
$60.2M
Q3 25
$27.9M
$56.1M
Q2 25
$57.5M
$60.7M
Q1 25
$55.2M
$64.0M
Q4 24
$25.2M
$129.2M
Q3 24
$14.7M
$111.8M
Q2 24
$37.8M
$118.0M
Q1 24
$49.2M
$99.1M
Operating Margin
BGC
BGC
TPH
TPH
Q4 25
3.9%
8.1%
Q3 25
5.4%
8.1%
Q2 25
11.6%
8.5%
Q1 25
15.0%
10.4%
Q4 24
5.7%
13.4%
Q3 24
4.4%
12.6%
Q2 24
12.7%
12.9%
Q1 24
15.7%
12.3%
Net Margin
BGC
BGC
TPH
TPH
Q4 25
2.3%
6.2%
Q3 25
4.5%
6.6%
Q2 25
8.9%
6.7%
Q1 25
10.3%
8.6%
Q4 24
5.3%
10.3%
Q3 24
3.3%
9.8%
Q2 24
8.7%
10.2%
Q1 24
10.8%
10.5%
EPS (diluted)
BGC
BGC
TPH
TPH
Q4 25
$0.03
$0.70
Q3 25
$0.06
$0.64
Q2 25
$0.11
$0.68
Q1 25
$0.11
$0.70
Q4 24
$0.04
$1.37
Q3 24
$0.03
$1.18
Q2 24
$0.08
$1.25
Q1 24
$0.10
$1.03

Balance Sheet & Financial Strength

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

Metric
BGC
BGC
TPH
TPH
Cash + ST InvestmentsLiquidity on hand
$851.5M
$982.8M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$972.5M
$3.3B
Total Assets
$4.4B
$5.0B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGC
BGC
TPH
TPH
Q4 25
$851.5M
$982.8M
Q3 25
$774.9M
$792.0M
Q2 25
$827.8M
$622.6M
Q1 25
$966.4M
$812.9M
Q4 24
$711.6M
$970.0M
Q3 24
$563.5M
$676.0M
Q2 24
$571.7M
$492.9M
Q1 24
$566.8M
$944.0M
Total Debt
BGC
BGC
TPH
TPH
Q4 25
$1.5B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.1B
Q4 24
$1.1B
$646.5M
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$945.0M
Stockholders' Equity
BGC
BGC
TPH
TPH
Q4 25
$972.5M
$3.3B
Q3 25
$965.3M
$3.3B
Q2 25
$930.5M
$3.3B
Q1 25
$963.8M
$3.3B
Q4 24
$898.5M
$3.3B
Q3 24
$860.1M
$3.2B
Q2 24
$858.1M
$3.1B
Q1 24
$912.1M
$3.0B
Total Assets
BGC
BGC
TPH
TPH
Q4 25
$4.4B
$5.0B
Q3 25
$5.8B
$5.0B
Q2 25
$4.9B
$4.8B
Q1 25
$4.9B
$4.8B
Q4 24
$3.6B
$4.9B
Q3 24
$4.4B
$4.8B
Q2 24
$4.3B
$4.6B
Q1 24
$4.4B
$5.0B
Debt / Equity
BGC
BGC
TPH
TPH
Q4 25
1.58×
Q3 25
1.90×
Q2 25
1.97×
Q1 25
1.19×
Q4 24
1.27×
0.19×
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
BGC
BGC
TPH
TPH
Operating Cash FlowLast quarter
$180.4M
$221.0M
Free Cash FlowOCF − Capex
$175.1M
$213.2M
FCF MarginFCF / Revenue
27.4%
21.9%
Capex IntensityCapex / Revenue
0.8%
0.8%
Cash ConversionOCF / Net Profit
12.55×
3.67×
TTM Free Cash FlowTrailing 4 quarters
$372.9M
$128.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGC
BGC
TPH
TPH
Q4 25
$180.4M
$221.0M
Q3 25
$141.9M
$45.9M
Q2 25
$71.2M
$-74.3M
Q1 25
$839.0K
$-31.2M
Q4 24
$251.9M
$360.3M
Q3 24
$88.3M
$167.9M
Q2 24
$-53.0M
$23.1M
Q1 24
$28.1M
$144.7M
Free Cash Flow
BGC
BGC
TPH
TPH
Q4 25
$175.1M
$213.2M
Q3 25
$137.2M
$39.1M
Q2 25
$65.0M
$-84.5M
Q1 25
$-4.4M
$-39.3M
Q4 24
$245.6M
$355.9M
Q3 24
$78.8M
$161.5M
Q2 24
$-63.5M
$17.0M
Q1 24
$24.9M
$138.3M
FCF Margin
BGC
BGC
TPH
TPH
Q4 25
27.4%
21.9%
Q3 25
22.1%
4.6%
Q2 25
10.0%
-9.4%
Q1 25
-0.8%
-5.3%
Q4 24
51.7%
28.4%
Q3 24
17.5%
14.1%
Q2 24
-14.6%
1.5%
Q1 24
5.5%
14.7%
Capex Intensity
BGC
BGC
TPH
TPH
Q4 25
0.8%
0.8%
Q3 25
0.8%
0.8%
Q2 25
1.0%
1.1%
Q1 25
1.0%
1.1%
Q4 24
1.3%
0.3%
Q3 24
2.1%
0.6%
Q2 24
2.4%
0.5%
Q1 24
0.7%
0.7%
Cash Conversion
BGC
BGC
TPH
TPH
Q4 25
12.55×
3.67×
Q3 25
5.09×
0.82×
Q2 25
1.24×
-1.22×
Q1 25
0.02×
-0.49×
Q4 24
9.99×
2.79×
Q3 24
5.99×
1.50×
Q2 24
-1.40×
0.20×
Q1 24
0.57×
1.46×

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%

TPH
TPH

West$547.8M56%
Central$245.1M25%
East$161.8M17%
Financial Services Segment$18.0M2%
Land$7.9M1%

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