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Newmark Group, Inc. (NMRK) stock

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NASDAQ: NMRK Nasdaq Real Estate Services Next results ~January 29, 2027

B+ Fundamentals grade

Newmark Group, Inc. is a US-listed company in the real estate services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($45.17) is 3.81x the share price ($11.85) and 7.68x the median of our other models ($5.88); the other models don't support a gap this wide.

Price vs value

Under review: our cash-flow value ($45.17) is 3.81x the share price ($11.85) and 7.68x the median of our other models ($5.88); the other models don't support a gap this wide. We'll show the comparison once resolved.

Newmark Group, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds180 adding, 113 cuttingOf 52 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Newmark Group files

Where Newmark stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.60bn, up 20.8% on a year earlier, slower than the 21.6% growth a quarter earlier. Free-cash-flow margin rose to 22.1% from -9.0% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 3 of our 6 financial-health checks.

Our model value for Newmark Group is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 29, 2027 (estimated)

Newmark Group, Inc.'s trailing-twelve-month revenue grew 20.8% year on year, with a free-cash-flow margin of 22.1%. Where it stands out: stock pay as % of revenue of 0.0% ranks 2 of 21 real estate services companies we cover.

Our discounted-cash-flow model values the business at ~$45 per share in the base case (~$33–$60 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Operating margin expanding: TTM operating margin reached 7.7%, up 2.0pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 20.8% over the last 12 months, against a median of 8.1% for real estate services companies we cover.
  • Strong cash generation. 22.1% of revenue turned into free cash flow, against a median of 1.2% for real estate services companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weakest spot: change in growth rate. Change in growth rate of -0.8pp ranks 12 of 22 real estate services companies we cover (median -0.2pp).

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.48 against an average estimate of $0.47: beat by 1.9%
Revenue
$888m, up 17.0% on a year earlier
Share reaction
-4.5% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.73

Newmark Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+4.5%
  • 1 week+6.2%
  • 1 month-4.8%
  • This year-29.9%
  • 1 year-31.7%
  • 5 years-17.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.6B
Operating margin
7.7%
Net margin
4.1%
EPS (TTM, diluted)
$0.54

Growth

Revenue growth
+20.8%
Change in growth rate
−0.8 pts

Cash

Free cash flow (TTM)
$798M
FCF margin
22.1%
Stock pay % of revenue
0.0%

Earnings

Last results
October 29, 2026
Next results (est.)
January 29, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Shareholder vote
  3. Leadership
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Newmark Group, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($45.17) is 3.81x the share price ($11.85) and 7.68x the median of our other models ($5.88); the other models don't support a gap this wide.

Our value per share comes from a discounted-cash-flow model of Newmark Group, Inc.'s free cash flow after stock-based pay ( $336M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Newmark Group, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.09 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$45 ~$33–$60 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$28 ~$26–$33 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$5.9 ~$4.0–$8.8 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$5.9 ~$5.1–$6.9 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Newmark Group, Inc. with Real Estate Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$13.85$7.15$12.49$6.88$17.70$7.62$10.66$12.58$17.17$12.04
Market value$1.9bn$1.2bn$2.3bn$1.2bn$3.5bn$1.9bn$1.9bn$2.2bn$4.4bn$3.3bn
+ Net debt (− = net cash)$550m$415m$426m$489m$354m$315m$382m$473m$443m$608m
Enterprise value$2.5bn$1.6bn$2.7bn$1.7bn$3.8bn$2.2bn$2.3bn$2.7bn$4.8bn$3.9bn
Multiples
Price / sales 1.2x0.6x1.0x0.6x1.2x0.7x0.8x0.8x1.3x0.9x
Price / earnings 13.3x11.0x19.7x11.3x3.5x16.6x30.1x26.1x34.5x22.2x
Price / free cash flow 2.3x—2.4x——1.6x——30.5x4.1x
EV / EBITDA 8.3x3.7x7.3x5.3x2.8x6.2x7.8x8.0x11.5x8.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

19 /100

Weak moat

How hard Newmark Group's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 2.9% of total assets over 9 years.

  • Durability 8 / 20

    Operating margin has been a median 9.5%; its worst year was 4.2%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 9 years, at a median -0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (24 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.89 +17% $3.8bn +15%
Next $2.07 +10% $4.1bn +8%

Next year's EPS estimate has moved −4.8% in 90 days, across 7 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −3.2% on 90 days ago. In the last 30 days, 4 analysts raised Newmark Group, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Newmark Group, Inc., last 90 days
$1.80 $1.90 $2.00 $2.10 $2.20 $2.30 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.95 Current fiscal year, 60 days ago: $1.95 Current fiscal year, 30 days ago: $1.95 Current fiscal year, 7 days ago: $1.94 Current fiscal year, Now: $1.89 $1.89 Next fiscal year, 90 days ago: $2.18 Next fiscal year, 60 days ago: $2.21 Next fiscal year, 30 days ago: $2.21 Next fiscal year, 7 days ago: $2.18 Next fiscal year, Now: $2.07 $2.07

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.95$2.18
60 days ago $1.95$2.21
30 days ago $1.95$2.21
7 days ago $1.94$2.18
Now $1.89$2.07

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.47 $0.48 +1.9%
Jun 2026 $0.38 $0.39 +2.0%
Mar 2026 $0.27 $0.33 +21.1%
Dec 2025 $0.66 $0.68 +3.3%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Newmark Group, Inc.'s revenue by +12.2% next year and +14.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+9.2%, weight 66%) and the company's own record (+17.8%, weight 34%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy571%
Hold229%
Sell00%

Monthly trend

  1. Oct 20263227
  2. Sep 20264217
  3. Aug 20264217

Counts of recommendations published by analysts covering Newmark Group, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.6%
of tradable shares
Days to cover
3.1
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
2.4%
of shares
Employees
8,800
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −31.7%

$17.62 on October 31, 2025 to $12.04

ThenNowEffect
Revenue (last 12 months) $3.0bn $3.6bn +20.8%
Net margin 3.3% 4.1% +23.3%
P/E multiple 41.6x 22.2x −46.7%
Share count 235m 273m −14.0%

Biggest factor: p/e multiple.

Last 3 years +65.3%

$7.28 on November 3, 2023 to $12.04

ThenNowEffect
Revenue (last 12 months) $2.4bn $3.6bn +51.5%
Net margin 2.5% 4.1% +63.8%
P/E multiple 27.4x 22.2x −18.9%
Share count 224m 273m −17.9%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
NMRK+157%−57%+40%+18%+37%−30%
Industry peers (median)+41%−47%+25%+8%−8%−43%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
NMRK75%33%50%58%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
NMRK−17%−60%−43%−20%−31%−36%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 15, 2017: 84% from January 26, 2018 to March 18, 2020. Getting back needed a 519% gain, reached on November 3, 2021, 595 days after the low.

Price behaviour

52-week range
$11.29 – $17.65
From 52-week high
−31.8%
vs 50-day average
−8.9%
vs 200-day average
−18.4%
Volatility (1 year)
41%
Beta vs S&P 500
1.14

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.6%
After a week
8 up, 3 down
typical move ±4.6%
After a month
6 up, 5 down
typical move ±7.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −4.5% −2.1% — —
July 29, 2026 −6.9% +0.1% −3.8% −3.7%
April 30, 2026 +1.7% +1.3% +7.0% −11.0%
February 25, 2026 +1.2% +0.3% +2.4% +1.5%
October 30, 2025 −4.2% −0.8% −8.3% −7.2%
July 30, 2025 +5.1% −0.5% +11.0% +25.6%
April 30, 2025 −2.4% +0.7% +1.1% −0.2%
February 14, 2025 +5.4% +0.3% +1.2% −11.0%
November 5, 2024 +0.7% +3.7% +5.4% +5.5%
August 2, 2024 −9.5% −4.7% −3.7% +8.5%
May 3, 2024 +1.2% +2.3% +3.1% +0.7%
February 22, 2024 −1.0% +2.1% +3.8% +5.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Newmark Group, Inc. in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Newmark Group, Inc.
$2B $2.5B $3B $3.5B $4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.3B Revenue (TTM), FY23 Q4: $2.5B Revenue (TTM), FY24 Q1: $2.5B Revenue (TTM), FY24 Q2: $2.5B Revenue (TTM), FY24 Q3: $2.6B Revenue (TTM), FY24 Q4: $2.7B Revenue (TTM), FY25 Q1: $2.9B Revenue (TTM), FY25 Q2: $3B Revenue (TTM), FY25 Q3: $3.2B Revenue (TTM), FY25 Q4: $3.3B Revenue (TTM), FY26 Q1: $3.5B Revenue (TTM), FY26 Q2: $3.6B $3.6B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.3B
FY23 Q4 $2.5B
FY24 Q1 $2.5B
FY24 Q2 $2.5B
FY24 Q3 $2.6B
FY24 Q4 $2.7B
FY25 Q1 $2.9B
FY25 Q2 $3B
FY25 Q3 $3.2B
FY25 Q4 $3.3B
FY26 Q1 $3.5B
FY26 Q2 $3.6B
Revenue growth, TTM YoY Newmark Group, Inc.
-40% -20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -24.4% Revenue growth, TTM YoY, FY23 Q4: -8.7% Revenue growth, TTM YoY, FY24 Q1: -2.0% Revenue growth, TTM YoY, FY24 Q2: 6.9% Revenue growth, TTM YoY, FY24 Q3: 12.1% Revenue growth, TTM YoY, FY24 Q4: 10.9% Revenue growth, TTM YoY, FY25 Q1: 14.5% Revenue growth, TTM YoY, FY25 Q2: 17.3% Revenue growth, TTM YoY, FY25 Q3: 21.0% Revenue growth, TTM YoY, FY25 Q4: 20.3% Revenue growth, TTM YoY, FY26 Q1: 21.6% Revenue growth, TTM YoY, FY26 Q2: 20.8% 20.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -24.4%
FY23 Q4 -8.7%
FY24 Q1 -2.0%
FY24 Q2 6.9%
FY24 Q3 12.1%
FY24 Q4 10.9%
FY25 Q1 14.5%
FY25 Q2 17.3%
FY25 Q3 21.0%
FY25 Q4 20.3%
FY26 Q1 21.6%
FY26 Q2 20.8%
Operating margin (TTM) Newmark Group, Inc.
2% 4% 6% 8% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.1% Operating margin (TTM), FY23 Q4: 5.1% Operating margin (TTM), FY24 Q1: 4.6% Operating margin (TTM), FY24 Q2: 5.0% Operating margin (TTM), FY24 Q3: 5.3% Operating margin (TTM), FY24 Q4: 6.0% Operating margin (TTM), FY25 Q1: 5.9% Operating margin (TTM), FY25 Q2: 5.7% Operating margin (TTM), FY25 Q3: 6.8% Operating margin (TTM), FY25 Q4: 7.1% Operating margin (TTM), FY26 Q1: 8.0% Operating margin (TTM), FY26 Q2: 7.7% 7.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.1%
FY23 Q4 5.1%
FY24 Q1 4.6%
FY24 Q2 5.0%
FY24 Q3 5.3%
FY24 Q4 6.0%
FY25 Q1 5.9%
FY25 Q2 5.7%
FY25 Q3 6.8%
FY25 Q4 7.1%
FY26 Q1 8.0%
FY26 Q2 7.7%
FCF margin (TTM) Newmark Group, Inc.
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 16.3% FCF margin (TTM), FY23 Q4: -13.0% FCF margin (TTM), FY24 Q1: 0.8% FCF margin (TTM), FY24 Q2: 10.5% FCF margin (TTM), FY24 Q3: -8.8% FCF margin (TTM), FY24 Q4: -1.5% FCF margin (TTM), FY25 Q1: -5.3% FCF margin (TTM), FY25 Q2: -9.0% FCF margin (TTM), FY25 Q3: -2.2% FCF margin (TTM), FY25 Q4: 4.3% FCF margin (TTM), FY26 Q1: 2.0% FCF margin (TTM), FY26 Q2: 22.1% 22.1%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 16.3%
FY23 Q4 -13.0%
FY24 Q1 0.8%
FY24 Q2 10.5%
FY24 Q3 -8.8%
FY24 Q4 -1.5%
FY25 Q1 -5.3%
FY25 Q2 -9.0%
FY25 Q3 -2.2%
FY25 Q4 4.3%
FY26 Q1 2.0%
FY26 Q2 22.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Newmark Group took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3.3B
  2. Selling, general and admin $659M · 20.0%
  3. Other operating costs $2.4B · 72.9%
  4. Operating income $234M · 7.1%
  5. Income tax $46.1M · 1.4%
  6. Interest and other $61.7M · 1.9%
  7. Net income $126M · 3.8%

Shares of revenue. Source: Newmark Group's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,350 1,596 2,048 2,218 1,905 2,906 2,706 2,470 2,739 3,294 3,604
EBITDA 240 296 430 377 325 1,376 351 291 337 415 461
Operating income 167 200 333 246 184 1,255 186 125 163 234 276
Net income 168 144 107 117 109 978 113 62 85 126 148
Diluted EPS — $0.85 $0.64 $0.58 $0.39 $3.80 $0.45 $0.24 $0.34 $0.68 $0.54
Growth (year on year)
Revenue — +18.3% +28.3% +8.3% −14.1% +52.6% −6.9% −8.7% +10.9% +20.3% +20.8%
EBITDA — +23.4% +45.6% −12.3% −13.8% +323.2% −74.5% −17.1% +15.8% +23.1% +32.2%
Operating income — +19.3% +66.5% −26.0% −25.3% +581.8% −85.2% −32.5% +30.2% +43.5% +62.3%
Net income — −14.2% −26.1% +9.9% −6.8% +795.1% −88.5% −44.6% +37.1% +47.6% +49.0%
Diluted EPS — — −24.7% −9.4% −32.8% +874.4% −88.2% −46.7% +41.7% +100.0% —
Margins
EBITDA margin 17.7% 18.5% 21.0% 17.0% 17.1% 47.4% 13.0% 11.8% 12.3% 12.6% 12.8%
Operating margin 12.4% 12.5% 16.2% 11.1% 9.7% 43.2% 6.9% 5.1% 6.0% 7.1% 7.7%
Net margin 12.5% 9.1% 5.2% 5.3% 5.7% 33.7% 4.2% 2.5% 3.1% 3.8% 4.1%
Free-cash-flow margin −49.7% 52.3% −17.3% 42.9% −41.9% −2.4% 41.9% −13.0% −1.5% 4.3% 22.1%
Cash flow
Cash from operations −644 854 −332 987 −778 −49 1,196 −266 −10 172 846
Capital spending 27 19 21 35 20 20 62 55 32 29 48
Free cash flow −671 835 −353 952 −797 −68 1,134 −321 −41 143 798
Stock-based pay — — — — 11 301 −5 0 −1 0 0
Free cash flow after stock pay — — — — −809 −370 1,139 −321 −41 143 798
Balance sheet
Cash 118 121 122 164 191 191 233 165 198 229 260
Total debt 0 671 538 589 680 545 548 547 671 672 867
Net debt (negative = net cash) −118 550 415 426 489 354 315 382 473 443 608
Diluted shares — 138m 164m 185m 180m 196m 245m 176m 178m 253m 273m
Returned to shareholders
Dividends — 102 0 0 — — — — — — —
Buybacks — 0 0 37 6 291 295 37 213 127 153
Total returned — 102 0 37 6 291 295 37 213 127 153

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $5.2bn
Short-term assets $2.1bnLonger-term assets $3.1bn
What it owes, and who funded it · $4.9bn
Short-term liabilities $1.9bnLonger-term liabilities $1.5bnShareholders' equity $1.4bn
  • Short-term assets cover short-term liabilities $2.1bn of assets due within a year against $1.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $2.1bn short-term assets against $1.5bn of longer-dated liabilities.
  • More cash than debt $260m of cash against $867m of debt.
  • Debt below 40% of shareholders' equity Debt is 60% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 43% to 60% over five years.
  • A year's operating cash flow covers at least 20% of debt $846m of operating cash flow against $867m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Newmark Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$153M
Returned to shareholders
19%
of free cash flow
Buybacks, last 3 fiscal years
$377M
Total shareholder yield
5.0%
dividends 0.0% + buybacks 5.0% of market value

Competitors: side by side with peers

Closest by revenue in real estate services
Last 12 months unless stated NMRK CSGP OPEN Z AGNT FSV Median
Revenue, last 12 months $3.6bn $3.7bn $3.3bn $2.8bn $5.0bn $5.5bn $2.2bn
Revenue growth, last 12 months 20.8% 20.2% −37.2% 17.7% 8.1% 5.4% 6.7%
Revenue growth, 3-year average 14.9% 15.4% −34.0% 14.1% 5.4% 74.3% 13.0%
Revenue growth, latest quarter 17.0% 14.1% −43.7% 17.9% 10.7% — 12.7%
Gross margin — 78.3% 8.6% 72.9% 8.1% — 18.5%
Operating margin 7.7% 5.8% −16.0% 0.4% −0.3% 6.1% 0.8%
Operating margin, 3-year average 6.1% 1.5% −9.4% −5.6% −0.4% 6.2% −2.7%
Net margin 4.1% 4.9% −46.7% 2.0% −0.3% 2.6% 1.8%
Cash from operations / revenue 23.5% 16.8% −14.1% 13.8% 2.1% 8.1% 1.8%
Free-cash-flow margin 22.1% 11.5% −14.6% 9.2% 1.9% 5.8% 1.5%
Free-cash-flow margin, 3-year average 7.9% 2.9% −11.6% 10.3% 2.9% 4.6% 2.9%
Stock pay / revenue 0.0% 4.2% 11.4% 12.9% 0.3% 0.5% 0.9%
Change in share count — −0.9% 23.1% 0.0% 4.9% 1.0% 1.6%

Median of all 22 companies we cover in real estate services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 real estate services companies
Measure Company Peer median Rank
Revenue growth Growth 20.8% 8.1% 3 of 22
Change in growth rate Growth -0.8pp -0.2pp 12 of 22
Operating margin Profitability 7.7% 1.2% 3 of 22
Net margin Profitability 4.1% 1.8% 3 of 21
Free-cash-flow margin Cash generation 22.1% 1.2% 2 of 19
Stock pay as % of revenue Cash generation 0.0% 1.0% 2 of 21
Long-term debt as % of assets Balance sheet 16.7% 18.2% 7 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Management Services Servicing Fees and Other $1.2B ▲ 12.4%
Capital Markets $1B ▲ 35.3%
Leasing and Other Commissions $1B ▲ 16.9%
Management Services $954M ▲ 14.5%
Investment Advice $559M ▲ 33.9%
Mortgage Brokerage and Debt Placement $254M ▲ 54.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $2.9B 87.2% ▲ 20.9%
United Kingdom $235M 7.1% ▲ 11.5%
Other Geographical Areas $187M 5.7% ▲ 22.7%

From Newmark Group, Inc.'s 10-K filed March 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.8B
Institutions reporting
313
Shares held vs prior quarter
▲ 3.5%
Positions opened / closed
45 / 38

Top buyers and sellers, Q2 2026: 180 institutions bought and 113 sold ; the biggest buyer was Balyasny Asset Management L.P (+1.1M shares) and the biggest seller Principal Financial Group Inc (−2.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Portfolio Management LLC $223M 14.8M 12.6% ▲ 6.7%
Blackrock, Inc. $194M 12.8M 11.0% ▲ 5.0%
Vanguard Capital Management LLC $99M 6.6M 5.6% ▲ 4.2%
Dimensional Fund Advisors LP $84M 5.6M 4.8% ▲ 4.1%
Geode Capital Management, LLC $68.5M 4.5M 3.9% ▲ 5.9%
Empyrean Capital Partners, LP $65.9M 4.4M 3.7% 0.0%
State Street Corp $63.1M 4.2M 3.6% ▲ 7.7%
Westwood Holdings Group Inc $49M 3.2M 2.8% ▼ 4.4%
Nuveen, LLC $37.1M 2.5M 2.1% ▲ 2.3%
Ameriprise Financial Inc $35M 2.3M 2.0% ▲ 7.9%
Nomura Asset Management International Inc. $33M 2.2M 1.9% ▼ 1.2%
Morgan Stanley $29.5M 2.0M 1.7% ▲ 11.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Newmark Group, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Newmark Group, Inc. disclosed in the last 12 months; 1 earlier trade on record.

  • Van Taylor(R-TX 3):Sale (full), $1,001 - $15,000, traded March 25, 2019, filed April 15, 2019

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 29, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 29, 2026
  • April 30, 2026
  • February 25, 2026
  • October 30, 2025
  • July 30, 2025

Recent SEC filings

Data status

When each part of this page on Newmark Group, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Newmark Group, Inc. in brief

What does Newmark Group, Inc. do?
Newmark Group, Inc. is a US-listed company in the real estate services industry. Its financial year ends in December.
What is Newmark Group, Inc.'s stock ticker?
Newmark Group, Inc. trades under the ticker NMRK on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Newmark Group, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Newmark Group, Inc. reported revenue of $3.6B, 20.8% higher than a year earlier, according to its SEC filings.
What is Newmark Group, Inc.'s free cash flow?
Newmark Group, Inc.'s free-cash-flow margin is 22.1% of revenue over the trailing twelve months, ranking 2 of the 19 real estate services companies we cover.
Who are Newmark Group, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Portfolio Management LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Newmark Group, Inc.'s market cap?
On November 2, 2026, Newmark Group, Inc.'s market capitalisation was about $3.3B, with a price-to-earnings ratio of 22.2 and net debt of $608M. Market figures come from third-party market data and may be delayed.
How much debt does Newmark Group, Inc. have?
Newmark Group, Inc.'s debt-to-equity ratio is 60.4%, from its latest balance sheet (42.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Newmark Group, Inc.'s competitors?
In our Real Estate Services peer group, the companies closest to Newmark Group, Inc. are CoStar Group, Opendoor Technologies Inc., Zillow Group, Inc., Agnt, Inc. and Firstservice Corp. The side-by-side comparison below sets their revenue, margins and growth against Newmark Group, Inc.'s.
When is Newmark Group, Inc.'s next earnings date?
Around January 29, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Newmark Group, Inc. announces its own schedule.