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BGC Group, Inc.（BGC）与芝商所（CME）财务数据对比。点击上方公司名可切换其他公司
芝商所的季度营收约是BGC Group, Inc.的2.9倍（$1.9B vs $638.6M）。BGC Group, Inc.净利率更高（2.3% vs 0.1%，领先2.2%）。BGC Group, Inc.同比增速更快（34.4% vs 14.5%）。过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 10.8%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
芝商所是总部位于美国伊利诺伊州芝加哥的金融服务企业，为全球规模最大的金融衍生品交易所运营商，旗下拥有芝加哥商品交易所、芝加哥期货交易所、纽约商业交易所、纽约商品交易所等交易平台，覆盖农产品、货币、能源等品类交易，同时持有标普道琼斯指数27%的股权。
BGC vs CME — 直观对比
营收规模更大
CME
是对方的2.9倍
$638.6M
营收增速更快
BGC
高出19.9%
14.5%
净利率更高
BGC
高出2.2%
0.1%
两年增速更快
BGC
近两年复合增速
10.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $1.9B |
| 净利润 | $14.4M | $1.2M |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 0.1% |
| 净利率 | 2.3% | 0.1% |
| 营收同比 | 34.4% | 14.5% |
| 净利润同比 | -43.0% | 20.7% |
| 每股收益（稀释后） | $0.03 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BGCCME
| Q1 26 | — | $1.9B | ||
| Q4 25 | $638.6M | $1.6B | ||
| Q3 25 | $620.8M | $1.5B | ||
| Q2 25 | $648.0M | $1.7B | ||
| Q1 25 | $534.6M | $1.6B | ||
| Q4 24 | $475.2M | $1.5B | ||
| Q3 24 | $448.9M | $1.6B | ||
| Q2 24 | $435.0M | $1.5B |
净利润BGCCME
| Q1 26 | — | $1.2M | ||
| Q4 25 | $14.4M | $1.2B | ||
| Q3 25 | $27.9M | $908.0M | ||
| Q2 25 | $57.5M | $1.0B | ||
| Q1 25 | $55.2M | $956.2M | ||
| Q4 24 | $25.2M | $874.6M | ||
| Q3 24 | $14.7M | $912.8M | ||
| Q2 24 | $37.8M | $883.2M |
营业利润率BGCCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 3.9% | 61.8% | ||
| Q3 25 | 5.4% | 63.3% | ||
| Q2 25 | 11.6% | 66.7% | ||
| Q1 25 | 15.0% | 67.5% | ||
| Q4 24 | 5.7% | 62.1% | ||
| Q3 24 | 4.4% | 64.6% | ||
| Q2 24 | 12.7% | 65.3% |
净利率BGCCME
| Q1 26 | — | 0.1% | ||
| Q4 25 | 2.3% | 71.7% | ||
| Q3 25 | 4.5% | 59.1% | ||
| Q2 25 | 8.9% | 60.6% | ||
| Q1 25 | 10.3% | 58.2% | ||
| Q4 24 | 5.3% | 57.3% | ||
| Q3 24 | 3.3% | 57.6% | ||
| Q2 24 | 8.7% | 57.6% |
每股收益（稀释后）BGCCME
| Q1 26 | — | — | ||
| Q4 25 | $0.03 | $3.24 | ||
| Q3 25 | $0.06 | $2.49 | ||
| Q2 25 | $0.11 | $2.81 | ||
| Q1 25 | $0.11 | $2.62 | ||
| Q4 24 | $0.04 | $2.40 | ||
| Q3 24 | $0.03 | $2.50 | ||
| Q2 24 | $0.08 | $2.42 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $851.5M | $2.4B |
| 总债务越低越好 | $1.5B | $3.4B |
| 股东权益账面价值 | $972.5M | — |
| 总资产 | $4.4B | $202.0B |
| 负债/权益比越低杠杆越低 | 1.58× | — |
8季度趋势，按日历期对齐
现金及短期投资BGCCME
| Q1 26 | — | $2.4B | ||
| Q4 25 | $851.5M | $4.5B | ||
| Q3 25 | $774.9M | $2.6B | ||
| Q2 25 | $827.8M | $2.1B | ||
| Q1 25 | $966.4M | $1.5B | ||
| Q4 24 | $711.6M | $3.0B | ||
| Q3 24 | $563.5M | $2.4B | ||
| Q2 24 | $571.7M | $1.9B |
总债务BGCCME
| Q1 26 | — | $3.4B | ||
| 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 | — |
股东权益BGCCME
| Q1 26 | — | — | ||
| Q4 25 | $972.5M | $28.7B | ||
| Q3 25 | $965.3M | $28.2B | ||
| Q2 25 | $930.5M | $27.7B | ||
| Q1 25 | $963.8M | $27.0B | ||
| Q4 24 | $898.5M | $26.5B | ||
| Q3 24 | $860.1M | $28.2B | ||
| Q2 24 | $858.1M | $27.6B |
总资产BGCCME
| Q1 26 | — | $202.0B | ||
| Q4 25 | $4.4B | $198.4B | ||
| Q3 25 | $5.8B | $187.1B | ||
| Q2 25 | $4.9B | $179.9B | ||
| Q1 25 | $4.9B | $157.8B | ||
| Q4 24 | $3.6B | $137.4B | ||
| Q3 24 | $4.4B | $137.8B | ||
| Q2 24 | $4.3B | $123.4B |
负债/权益比BGCCME
| Q1 26 | — | — | ||
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $180.4M | — |
| 自由现金流经营现金流 - 资本支出 | $175.1M | — |
| 自由现金流率自由现金流/营收 | 27.4% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 12.55× | — |
| 过去12个月自由现金流最近4个季度 | $372.9M | — |
8季度趋势，按日历期对齐
经营现金流BGCCME
| Q1 26 | — | — | ||
| Q4 25 | $180.4M | $1.1B | ||
| Q3 25 | $141.9M | $968.1M | ||
| Q2 25 | $71.2M | $1.1B | ||
| Q1 25 | $839.0K | $1.1B | ||
| Q4 24 | $251.9M | $1.0B | ||
| Q3 24 | $88.3M | $1.0B | ||
| Q2 24 | $-53.0M | $776.9M |
自由现金流BGCCME
| Q1 26 | — | — | ||
| Q4 25 | $175.1M | $1.1B | ||
| Q3 25 | $137.2M | $949.7M | ||
| Q2 25 | $65.0M | $1.0B | ||
| Q1 25 | $-4.4M | $1.1B | ||
| Q4 24 | $245.6M | $991.7M | ||
| Q3 24 | $78.8M | $973.2M | ||
| Q2 24 | $-63.5M | $758.7M |
自由现金流率BGCCME
| Q1 26 | — | — | ||
| Q4 25 | 27.4% | 66.8% | ||
| Q3 25 | 22.1% | 61.8% | ||
| Q2 25 | 10.0% | 61.5% | ||
| Q1 25 | -0.8% | 67.1% | ||
| Q4 24 | 51.7% | 65.0% | ||
| Q3 24 | 17.5% | 61.4% | ||
| Q2 24 | -14.6% | 49.5% |
资本支出强度BGCCME
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 0.8% | 1.2% | ||
| Q2 25 | 1.0% | 1.1% | ||
| Q1 25 | 1.0% | 0.9% | ||
| Q4 24 | 1.3% | 1.7% | ||
| Q3 24 | 2.1% | 1.9% | ||
| Q2 24 | 2.4% | 1.2% |
现金转化率BGCCME
| Q1 26 | — | — | ||
| Q4 25 | 12.55× | 0.96× | ||
| Q3 25 | 5.09× | 1.07× | ||
| Q2 25 | 1.24× | 1.03× | ||
| Q1 25 | 0.02× | 1.17× | ||
| Q4 24 | 9.99× | 1.16× | ||
| Q3 24 | 5.99× | 1.10× | ||
| Q2 24 | -1.40× | 0.88× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
CME
暂无分部数据
