What does limited partnership interest, conversion ratio mean?

This ratio defines the mathematical relationship for converting limited partnership interests into common equity or other financial instruments. It is essential for evaluating the potential dilutive impact on shareholders and the economic alignment between partners and public investors.

BGC Group, Inc. BGC Limited partnership interest, conversion ratio

Limited partnership interest, conversion ratio at other companies

Jefferies Financial GroupJEF

50,000%—

Cheniere Energy PartnersCQP

$2.94B+43.1%

Enterprise Products PartnersEPD

$30.84B+3.0%

Mid-America Apartment CommunitiesMAA

$358.1M-30.2%

Western Midstream PartnersWES

$3.36B+5.6%

Energy TransferET

$31B-1.1%

Other financials

Income statement

See full

Revenue$955.5M+43.8%

Net income$84.1M+52.5%

EPS (diluted)$0.17+54.5%

Balance sheet

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Cash & equivalents$781.0M-19.2%

Total debt$2.0B+10.1%

Total equity$1.1B+14.1%

Total assets$5.9B+19.9%

Cash flow

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Operating cash flow$20.2M+2,307%

CapEx$4.8M-8.2%

Free cash flow$15.4M+448%

Valuation

See full

Market cap$5.77B+4.7%

Enterprise value$6.99B+11.0%

P/E31.4×-11.3×

P/S1.8×-0.6×

Profitability

See full

Net margin5.7%+0.2pp

FCF margin12.1%+1.2pp

Returns & leverage

See full

Return on equity17.8%+4.1pp

Debt / equity1.8×-0.1×

Where this comes from

Reported directly by BGC Group, Inc. in its filing.

Tagged under the XBRL concept bgcg:LimitedPartnershipInterestConversionRatio.

The official record: BGC Group, Inc.’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BGC Group, Inc.'s limited partnership interest, conversion ratio?: BGC Group, Inc. (BGC) reported limited partnership interest, conversion ratio of 100% in Q4 2025.
What does limited partnership interest, conversion ratio mean?: This ratio defines the mathematical relationship for converting limited partnership interests into common equity or other financial instruments. It is essential for evaluating the potential dilutive impact on shareholders and the economic alignment between partners and public investors.