COMP <GO>

MRX vs BGC // EV/EBITDA & P/E VALUATION

Marex Group Limited (NASDAQ) VS. BGC Group Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: MRX 2 — BGC 6

■ METRIC PARITY

LAST: $65.05 (-1.86%) • MKT CAP: $4.82B

valuation

21.0x

LAST: $11.42 (-0.17%) • MKT CAP: $5.32B

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MRX VS. BGC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	MRX	BGC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	15.10%	-5.20	BGC	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	21.0x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	2.21%	7.00%	-4.79	BGC	/fcf-yield <GO>
Operating Margin	13.90%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	10.90%	6.00%	+4.90	MRX	/net-margins <GO>
Revenue Growth (YoY)	2.20%	34.70%	-32.50	BGC	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.73%	-0.73	BGC	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	7/9	6/9	+1.00	MRX	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	37.9	40.4	-2.48	BGC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.07	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	30.5x	0.00	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$4.82B	$5.32B	-$501.4M	BGC	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	MRX REV	BGC REV	MRX GROSS %	BGC GROSS %	MRX FCF	BGC FCF
FY 2025	—	$2.44B	—	—	—	$372.9M
FY 2024	—	$1.81B	—	—	—	$285.7M
FY 2023	—	$1.61B	—	—	—	$405.2M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

MRX // BETA 1.07

BGC // BETA —