A Business at a Glance
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NEWMARK GROUP, INC.
NMRK
$2.9B
Mkt Cap
$15.39
+2.26%
NEWMARK GROUP, INC. (NMRK) has a current P/E ratio of 22.6, compared to its historical median P/E of 18.3. The stock is currently considered Fair based on its historical valuation range.
NEWMARK GROUP, INC. (NMRK) has a 5-year average return on invested capital (ROIC) of 19.3%. This indicates strong capital allocation and a potential competitive advantage.
NEWMARK GROUP, INC. (NMRK) has a market capitalization of $2.9B. It is classified as a mid-cap stock.
Yes, NEWMARK GROUP, INC. (NMRK) pays a dividend with a trailing twelve-month yield of 0.78%. The company also returns capital through share buybacks, with a buyback yield of 4.45%.
Based on historical P/E analysis, NEWMARK GROUP, INC. (NMRK) appears fair. The current P/E of 22.6 is 24% above its historical median of 18.3. The estimated fair value CAGR (P/E method) is -14.7%.
NEWMARK GROUP, INC. (NMRK) operates in the Real Estate Agents & Managers (For Others) industry, within the Real Estate sector.
NEWMARK GROUP, INC. (NMRK) reported annual revenue of $3.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 1. BUSINESS Throughout this document Newmark Group, Inc., and where applicable, its consolidated subsidiaries, is referred to as “Newmark,” “Company,” “we,” “us,” or “our.” Our Business Newmark is a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers. We offer a diverse array of integrated services and products designed to meet the full needs of our clients. Our investor/owner services and products include: •Capital Markets, consisting of investment sales (including the placement and raising of equity) and commercial mortgage origination (which includes GSEs and FHA lending, as well as the placement of debt, loan sales, and structured finance on behalf of third parties); •Landlord (or agency) representation leasing; •GSEs and FHA multifamily loan servicing, as well as limited loan servicing, special loan servicing, and asset management; •Management consulting, managed services, and fund a
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.3B | 3.3B | 2.7B | 2.5B | 2.7B | 2.9B |
| Net Income | 126M | 126M | 61M | 43M | 83M | 745M |
| EPS | $0.68 | $0.68 | $0.34 | $0.24 | $0.45 | $3.80 |
| Free Cash Flow | 143M | 143M | -41M | -321M | 1.1B | -68M |
| ROIC | 7.0% | 9.5% | 5.4% | 3.9% | 8.1% | 69.6% |
| Gross Margin | 27.5% | 27.5% | 28.7% | 27.1% | 31.4% | 21.0% |
| Debt/Equity | 0.83 | 0.83 | 1.05 | 1.00 | 1.08 | 0.95 |
| Dividends/Share | $0.00 | $0.12 | $0.12 | $0.12 | $0.12 | - |
| Operating Income | 234M | 234M | 163M | 125M | 186M | 1.3B |
| Operating Margin | 7.1% | 7.1% | 6.0% | 5.1% | 6.9% | 43.2% |
| ROE | 8.6% | 9.5% | 5.0% | 3.5% | 6.8% | 77.0% |
| Shares Outstanding | 186M | 186M | 180M | 177M | 185M | 196M |
| Metric | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 1.3B | 1.6B | 2.0B | 2.2B | 1.9B | 2.9B | 2.7B | 2.5B | 2.7B | 3.3B | 3.3B |
| Gross Margin | 25.3% | 21.8% | 28.7% | 25.2% | 26.3% | 21.0% | 31.4% | 27.1% | 28.7% | 27.5% | 27.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 185M | 219M | 332M | 362M | 294M | 554M | 535M | 537M | 598M | 659M | 659M |
| EBIT | 167M | 200M | 333M | 246M | 184M | 1.3B | 186M | 125M | 163M | 234M | 234M |
| Op. Margin | 12.4% | 12.5% | 16.2% | 11.1% | 9.7% | 43.2% | 6.9% | 5.1% | 6.0% | 7.1% | 7.1% |
| Net Income | 168M | 144M | 102M | 104M | 70M | 745M | 83M | 43M | 61M | 126M | 126M |
| Net Margin | 12.5% | 9.1% | 5.0% | 4.7% | 3.7% | 25.6% | 3.1% | 1.7% | 2.2% | 3.8% | 3.8% |
| Non-Recurring | 0 | 6.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||
| ROIC | N/A | 17.7% | 26.8% | 17.1% | 11.7% | 69.6% | 8.1% | 3.9% | 5.4% | 9.5% | 7.0% |
| ROE | N/A | 23.2% | 24.6% | 17.9% | 11.2% | 77.0% | 6.8% | 3.5% | 5.0% | 9.5% | 8.6% |
| ROA | N/A | 12.7% | 3.5% | 3.1% | 2.0% | 16.2% | 1.8% | 1.0% | 1.3% | 2.6% | 2.5% |
| Cash Flow | |||||||||||
| Op. Cash Flow | -644M | 854M | -332M | 987M | -778M | -49M | 1.2B | -266M | -9.9M | 172M | 172M |
| Free Cash Flow | -671M | 835M | -353M | 952M | -797M | -68M | 1.1B | -321M | -41M | 143M | 143M |
| Owner Earnings | -716M | 798M | -393M | 888M | -876M | -459M | 1.0B | -449M | -226M | -103M | -103M |
| CapEx | 27M | 19M | 21M | 35M | 20M | 20M | 62M | 55M | 32M | 29M | 29M |
| Maint. CapEx | 72M | 46M | 58M | 66M | 87M | 109M | 131M | 162M | 193M | 232M | 232M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 72M | 46M | 58M | 66M | 87M | 109M | 131M | 162M | 193M | 232M | 232M |
| CapEx/OCF | N/A | 2.2% | N/A | 3.5% | N/A | N/A | 5.2% | N/A | N/A | 17.1% | 17.1% |
| Capital Allocation | |||||||||||
| Dividends Paid | 0 | 102M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | 4.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 486K | 37M | 6.4M | 291M | 295M | 37M | 213M | 127M | 127M |
| Buyback Yield | N/A | N/A | 0.0% | 1.6% | 0.5% | 8.6% | 21.0% | 1.9% | 9.3% | 3.9% | 4.4% |
| Stock-Based Comp | N/A | 10M | 2.5M | 32M | 11M | 301M | 16M | 21M | 23M | 43M | 43M |
| Debt Repayment | 0 | 304M | 671M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||
| Net Debt | N/A | 492M | 367M | 644M | 704M | 497M | 1.0B | 1.1B | 1.1B | 647M | 981M |
| Cash & Equiv. | 118M | 121M | 122M | 164M | 191M | 191M | 233M | 165M | 198M | 229M | 229M |
| Long-Term Debt | N/A | 671M | 538M | 589M | 680M | 545M | 0 | 547M | 671M | 672M | 672M |
| Debt/Equity | N/A | 2.58 | 0.95 | 1.41 | 1.42 | 0.95 | 1.08 | 1.00 | 1.05 | 0.83 | 0.83 |
| Interest Coverage | 44.2 | 71.7 | 6.6 | 7.7 | 4.9 | 37.5 | 6.0 | 5.8 | 5.1 | 4.2 | 4.2 |
| Equity | N/A | 260M | 568M | 600M | 655M | 1.3B | 1.2B | 1.3B | 1.2B | 1.5B | 1.5B |
| Total Assets | N/A | 2.3B | 3.5B | 3.2B | 4.0B | 5.2B | 3.9B | 4.5B | 4.7B | 5.0B | 5.0B |
| Total Liabilities | 413K | 2.0B | 2.4B | 2.2B | 3.0B | 3.5B | 2.4B | 2.9B | 3.2B | 3.3B | 3.3B |
| Intangibles | N/A | 25M | 36M | 45M | 44M | 76M | 81M | 84M | 64M | 76M | 76M |
| Retained Earnings | N/A | 199M | 278M | 313M | 343M | 1.1B | 1.1B | 1.2B | 1.2B | 1.3B | 1.3B |
| Working Capital | N/A | 43M | 92M | 28M | 114M | 332M | -500M | 17M | -7.8M | 98M | 98M |
| Current Assets | N/A | 825M | 1.8B | 1.1B | 1.8B | 2.5B | 1.1B | 1.5B | 1.8B | 2.0B | 2.0B |
| Current Liabilities | N/A | 783M | 1.7B | 1.0B | 1.7B | 2.2B | 1.6B | 1.5B | 1.8B | 1.9B | 1.9B |
| Per Share Data | |||||||||||
| EPS | N/A | 0.85 | 0.64 | 0.58 | 0.39 | 3.80 | 0.45 | 0.24 | 0.34 | 0.68 | 0.68 |
| Owner EPS | N/A | 4.69 | -2.48 | 4.93 | -4.86 | -2.34 | 5.67 | -2.53 | -1.26 | -0.55 | -0.55 |
| Book Value | N/A | 1.53 | 3.57 | 3.33 | 3.63 | 6.52 | 6.38 | 7.06 | 6.69 | 7.88 | 7.88 |
| Cash Flow/Share | N/A | 5.02 | -2.09 | 5.48 | -4.32 | -0.25 | 6.46 | -1.50 | -0.06 | 0.93 | 1.93 |
| Dividends/Share | N/A | 0.60 | 0.00 | 0.00 | N/A | N/A | 0.12 | 0.12 | 0.12 | 0.12 | 0.00 |
| Shares Out. | N/A | 170.0M | 158.8M | 180.0M | 180.2M | 195.9M | 185.1M | 177.4M | 180.1M | 185.6M | 185.6M |
| Valuation | |||||||||||
| P/E Ratio | N/A | 16.0 | 11.2 | 21.7 | 18.3 | 4.6 | 16.8 | 45.2 | 37.4 | 26.0 | 22.6 |
| P/FCF | N/A | 2.8 | N/A | 2.4 | N/A | N/A | 1.2 | N/A | N/A | 23.0 | 20.0 |
| EV/EBIT | N/A | 14.1 | 4.5 | 10.8 | 9.5 | 2.6 | 9.3 | 18.4 | 20.4 | 18.7 | 16.4 |
| Price/Book | N/A | 8.9 | 2.0 | 3.8 | 2.0 | 2.7 | 1.2 | 1.5 | 1.9 | 2.2 | 2.0 |
| Price/Sales | N/A | 1.4 | 0.9 | 0.7 | 0.6 | 0.8 | 0.8 | 0.5 | 0.8 | 0.8 | 0.9 |
| FCF Yield | N/A | 36.0% | -31.2% | 42.0% | -62.1% | -2.0% | 80.9% | -16.7% | -1.8% | 4.4% | 5.0% |
| Market Cap | N/A | 2.3B | 1.1B | 2.3B | 1.3B | 3.4B | 1.4B | 1.9B | 2.3B | 3.3B | 2.9B |
| Avg. Price | N/A | 13.40 | 11.67 | 8.90 | 5.82 | 11.78 | 11.26 | 6.97 | 11.96 | 14.51 | 15.39 |
| Year-End Price | N/A | 13.63 | 7.14 | 12.61 | 7.13 | 17.30 | 7.58 | 10.85 | 12.73 | 17.65 | 15.39 |
NEWMARK GROUP, INC. passes 5 of 9 quality checks, suggesting mixed fundamentals.
NEWMARK GROUP, INC. trades at 22.6x trailing earnings, compared to its 15-year median P/E of 18.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 17.6x vs a median of 2.6x. The company's 5-year average ROIC is 19.3% with a gross margin of 27.1%. Total shareholder yield (dividends + buybacks) is 5.2%. At current prices, the estimated annualized return to fair value is -19.3%.
NEWMARK GROUP, INC. (NMRK) has a net profit margin of 3.8%. This is a modest margin.
NEWMARK GROUP, INC. (NMRK) generated $143 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NEWMARK GROUP, INC. (NMRK) has a debt-to-equity ratio of 0.83. This indicates moderate leverage.
NEWMARK GROUP, INC. (NMRK) reported earnings per share (EPS) of $0.68 in its most recent fiscal year.
NEWMARK GROUP, INC. (NMRK) has a return on equity (ROE) of 9.5%. This indicates moderate shareholder returns.
NEWMARK GROUP, INC. (NMRK) has a 5-year average gross margin of 27.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 10 years of financial data for NEWMARK GROUP, INC. (NMRK), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NEWMARK GROUP, INC. (NMRK) has a book value per share of $7.88, based on its most recent annual SEC filing.