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Newmark Group, Inc.

NMRK Real Estate Real Estate Services

Newmark Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.3 billion, up 20.3% from fiscal 2024.

Revenue
+12.7%
EPS
+3.85%
Free cash flow
−392.2%
Total debt
+0.20%

Quarter to September 2026, against a year earlier

11.92 0.02 −0.17%
Market cap
$2.2B
P/E
14.2×
Fwd P/E
14.6×
Dividend yield
1.51%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 13.77%

Capital & Financial Ratios $m

Size
Market Cap 2,160.00
Revenue ttm 3,714.09
Net income ttm 182.45
Free cash flow ttm 386.20
Net debt Q 485.52
Valuation
P/E 14.19
Forward P/E 14.60
Price / sales 0.58
Forward P/S Powerpack
Price / FCF 5.55
Price / book 1.21
Financial health
Current ratio Q 0.00
Debt / equity Q 0.00
Interest coverage Q 10.36
Growth
Revenue growth Q +12.71% (above 0%: growing)
Operating income growth Q +0.02% (above 0%: growing)
EPS, this year +14.70%
EPS, next year A +6.14%
Revenue, next year A +14.78% (at or above 10%: strong)
EPS, past 5 yrs +11.76%
EPS, next 5 yrs A +10.81%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 0.9×; over the ten years it ranged from 0.5× in 2022 to 1.7× in 2018.
P/E against its own 10 years 35.37%
10-year low 10-year high
P/S against its own 10 years 21.44%
10-year low 10-year high
P/B against its own 10 years 29.48%
10-year low 10-year high
EV/Sales against its own 10 years 23.51%
10-year low 10-year high
EV/FCF against its own 10 years 55.16%
10-year low 10-year high

Dividends

Yield
1.51%
Annual rate
0.18
Payout ratio
21.7%
Growth, 2018–25
−10.9%/yr
  1. 0.27 ’18
  2. 0.39 ’19 +44
  3. 0.13 ’20 −67
  4. 0.04 ’21 −69
  5. 0.10 ’22 +150
  6. 0.12 ’23 +20
  7. 0.12 ’24 +0
  8. 0.12 ’25 +0
  9. 0.20 ’26e +63
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 259 305 349 387
Receivables 623 605 628 660
Inventory — — — —
Other — — — —
881 910 978 1,048
2023 2024 2025 Q'26
Payables 584 578 572 650
ST’ Debt — — — —
Other — — — —
1,483 1,780 1,905 2,417

Compound Annual Growth %

10y 5y 3y
Sales 10.62% 11.57% 6.78%
Cash Flow (7.79%) 0.00% (47.61%)
Earnings 0.00% 9.53% 14.86%
Book Value 8.02% 13.56% 4.49%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.49 Actual 0.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.65 0.68 Beat by 0.03
Q1 FY26 0.27 0.33 Beat by 0.06
Q2 FY26 0.40 0.39 Miss by 0.01
Q3 FY26 0.49 0.48 Miss by 0.01
Q4 FY26 0.69 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.08 0.11 0.27 — —
’25 (0.05) 0.11 0.25 0.37 0.68
’24 (0.09) 0.08 0.10 0.26 0.34
’23 (0.06) 0.04 0.06 0.21 0.24
’22 0.00 0.26 0.15 0.05 0.46
’21 0.16 2.13 0.63 0.74 3.80
’20 0.03 (0.01) 0.39 (0.03) 0.39
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 847 888 973 — —
’25 665 759 863 1,006 3,294
’24 546 633 686 873 2,739
’23 521 586 616 747 2,470
’22 678 755 665 607 2,706
’21 504 630 788 984 2,906
’20 484 384 436 601 1,905
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (248) 362 (290) — —
’25 (179) (380) 113 619 172
’24 (69) (258) (85) 403 (10)
’23 (399) (501) 414 220 (266)
’22 502 (163) (74) 932 1,196
’21 291 494 (1,112) 278 (49)
’20 (652) (303) (386) 563 (778)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (258) 342 (306) — —
’25 (185) (386) 105 609 143
’24 (76) (268) (96) 397 (43)
’23 (417) (516) 403 208 (321)
’22 493 (172) (97) 909 1,134
’21 289 491 (1,117) 269 (68)
’20 (662) (305) (390) 560 (797)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,350 1,596 2,048 2,218 1,905 2,906 2,706 2,470 2,739 3,294 3,714 +10.4% 3,781 4,083 4,437 +10.4%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 171 203 282 214 146 1,221 155 103 131 202 247 +1.8%
EBT margin, % 12.68 12.69 13.79 9.65 7.68 42.01 5.71 4.19 4.79 6.12 6.64 (6.6) pt
Net income 167 145 192 162 109 978 113 62 85 155 182 (0.8%)
Per share, $
Per share, $ Revenue 8.77 11.97 13.02 12.48 10.64 15.28 15.00 14.24 15.91 18.46 20.65 +8.6%
Earnings 1.09 1.08 0.65 0.59 0.39 3.91 0.48 0.25 0.36 0.71 0.84 (4.7%)
Cash flow (4.18) 6.40 (2.11) 5.55 (4.34) (0.26) 6.63 (1.53) (0.06) 0.96 2.46 n/m
Capex (0.18) (0.14) (0.13) (0.19) (0.11) (0.10) (0.34) (0.32) (0.19) (0.16) (0.32) (0.8%)
Free cash flow (4.36) 6.26 (2.25) 5.36 (4.45) (0.36) 6.29 (1.85) (0.25) 0.80 2.15 n/m
Book value 6.39 1.67 6.72 5.29 5.14 8.75 8.46 9.10 8.85 9.75 9.82 +4.8%
Shares, m 154 133 157 178 179 190 180 173 172 178 180 +1.7%
Valuation, ×
Valuation, × P/E 12.80 0.00 12.34 22.81 18.69 4.76 17.30 43.40 35.58 24.42 14.19 19.2
P/S 0.00 1.38 0.62 1.08 0.69 1.22 0.54 0.76 0.81 0.94 0.58 0.8
P/B 0.00 9.93 1.19 2.54 1.42 2.14 0.96 1.19 1.45 1.78 1.21 2.3
EV/Sales 0.00 1.69 0.77 1.26 0.91 1.19 0.63 0.88 0.94 1.04 0.71 0.9
EV/FCF (5.19) 3.23 (4.46) 2.94 (2.17) (50.58) 1.51 (6.78) (62.04) 23.97 6.81 (10.0)
Cash, $m
Cash, $m Operating cash flow (644) 854 (332) 987 (778) (49) 1,196 (266) (10) 172 443 n/m
Capex (27) (19) (21) (35) (20) (20) (62) (55) (33) (29) (57) +0.8%
Free cash flow (671) 835 (353) 952 (797) (68) 1,134 (321) (43) 143 386 n/m
Balance, $m
Balance, $m Working capital (144) (662) (943) (204) (1,004) (673) (182) (602) (871) (927) (2,417) +23.0%
Net debt 772 497 315 405 422 (95) 245 295 366 324 486 (9.2%)
Shareholders’ equity 984 222 1,057 941 921 1,664 1,525 1,579 1,524 1,740 1,766 +6.5%
Returns, %
Returns, % ROA 8.03 6.01 3.73 3.52 2.23 16.32 1.82 1.01 1.33 2.59 2.69 (5.4) pt
ROIC 5.96 17.35 15.15 11.43 8.56 49.97 6.55 4.18 5.39 7.09 9.77 +1.1 pt
ROE 18.84 23.96 16.69 11.75 8.60 58.08 5.22 2.74 3.95 7.73 8.92 (11.1) pt
People
People Employees 4,600 4,800 5,200 5,600 5,800 6,200 6,300 7,000 7,500 8,800 — +7.5%
Revenue/emp, $m 0.29 0.33 0.39 0.40 0.33 0.47 0.43 0.35 0.37 0.37 — +2.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Newmark Group, Inc. vs peers in Real Estate Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FSV FirstService Corporation $6.4B 46.6× 43.6× +5.81% (above 0%: growing) −20.80% (below 0%: shrinking) −39.90% (below 0%: shrinking) 32.46% 7.01% Compare
CIGI Colliers International Group Inc. $4.9B 41.5× 36.5× +11.93% (above 0%: growing) +20.59% (above 0%: growing) +285.13% (above 0%: growing) 38.92% 6.15% Compare
CWK Cushman & Wakefield PLC $3.3B 48.2× 12.4× +7.75% (above 0%: growing) +0.91% (above 0%: growing) −21.73% (below 0%: shrinking) 17.32% 4.63% Compare
IHS IHS Holding Limited $2.9B 20.1× 11.9× +10.41% (above 0%: growing) n/m −41.30% (below 0%: shrinking) 48.32% 19.32% Compare
NMRK Newmark Group, Inc. $2.2B 14.2× 14.6× +12.71% (above 0%: growing) +3.85% (above 0%: growing) −392.18% (below 0%: shrinking) 100.00% 8.75%
OPEN Opendoor Technologies Inc. $1.7B — (loss-making) — (loss-making) +11.69% (above 0%: growing) n/m −293.52% (below 0%: shrinking) 3.72% (18.30%) Compare
HBNB Hotel101 Global Holdings Corp. $1.1B — — — — — — — Compare
MMI Marcus & Millichap, Inc. $1.1B 70.9× 63.6× +7.47% (above 0%: growing) +383.87% (above 0%: growing) −37.35% (below 0%: shrinking) 0.00% (0.43%) Compare
IRS IRSA Inversiones Y Representaciones S.A. $1.0B 3.7× — −6.72% (below 0%: shrinking) −34.23% (below 0%: shrinking) −94.09% (below 0%: shrinking) 57.01% 103.31% Compare
Median of peers $2.3B 44.0× 36.5× +7.75% +0.91% −39.90% 32.46% 6.15%

All 44 Real Estate Services stocks →

Pay and ownership Proxy statement filed 7 August 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2024 20.00m 20.14m 82.87
2023 20.00m 20.19m 54.93
2022 20.00m 20.26m 10.75
2021 35.03m 35.14m 157.32

Ownership

Directors and executive officers, together 3.00%
Brandon G. Lutnick 22.30%
CF Group Management, Inc. 20.50%
Cantor Fitzgerald, L.P. 20.00%
Vanguard Portfolio Management 8.70%
BlackRock, Inc. 6.60%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Newmark Group, Inc. (NMRK) Latest News

29 Oct

Impact 4 · · MarketBeat
Impact 4 · · The Motley Fool transcript
Impact 3 · · Simply Wall St.
Impact 3 · · Moby
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Associated Press
Impact 3 · · PR Newswire earnings

28 Oct

Impact 3 · · PR Newswire
Impact 3 · · StockStory

19 Oct

Impact 4 · · CNW Group
Impact 4 · · PR Newswire
Impact 3 · · Simply Wall St.
Impact 3 · · PR Newswire

18 Oct

Impact 3 · · PR Newswire

16 Oct

Impact 3 · · Business Wire

6 Oct

Impact 3 · · PR Newswire

4 Oct

Impact 3 · · Simply Wall St.

28 Sep

Impact 4 ·

26 Sep

Impact 3 · · Simply Wall St.

23 Sep

Impact 3 · · PR Newswire

18 Sep

Impact 3 ·

1 Sep

Impact 4 ·
Impact 3 ·

15 Aug

Impact 3 ·
Impact 3 ·

7 Aug

Impact 3 · · The Motley Fool transcript
Impact 3 ·

6 Aug

Impact 4 ·
Impact 4 ·

NMRK metrics, ten years each

stockrow.com/NMRK · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com