Loading…
Newmark Group, Inc. operates as a commercial real estate advisor and service provider in the United States, the United Kingdom, Asia, rest of Europe, and other Americas. The company offers capital markets services consisting of investment sales, including placement and raising of equity; and commercial mortgage brokerage, such as government-sponsored enterprises (GSEs) and federal housing administration (FHA) lending, as well as the placement of debt, loan sales, and structured finance on behalf of third parties. It also provides 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 accounting for investors; valuation and advisory services; property management and workspace solutions for owners; due diligence, consulting, and other advisory services; commercial real estate technology platform and capabilities; and business rates for property owners. In addition, the company offers tenant representation leasing; occupier solutions comprising project management, transaction management, lease administration, and facilities management, as well as corporate consulting services to real estate and supply chain optimization, workplace strategy, and occupancy strategy areas; workspace solutions for occupiers; and business rates for occupiers. It serves commercial real estate tenants, investors, owners, occupiers, and developers, lenders, small and medium size businesses, multi-national corporations, and institutional owners of real estate. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc. operates as a subsidiary of Cantor Fitzgerald, L.P.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.3B | $415M | $126M | $143M | 7.3% | 20.3% | 106.1% |
| 2024 | $2.7B | $337M | $61M | $-43M | 4.0% | 10.9% | 43.8% |
| 2023 | $2.5B | $291M | $43M | $-321M | 2.7% | -8.7% | -48.9% |
| 2022 | $2.7B | $351M | $83M | $1.1B | 5.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 2,705.53 | 2,470.37 | 2,738.50 | 3,294.02 |
| Operating Expense | 2,422.26 | 2,359.01 | 2,582.14 | 3,103.07 |
| Operating Income | 283.27 | 111.36 | 156.37 | 190.95 |
| EBITDA | 351.38 | 291.44 | 337.34 | 415.31 |
| EBIT | 185.57 | 125.22 | 163.04 | 234 |
| Pretax Income | 154.60 | 103.48 | 131.27 | 201.52 |
| Tax Provision | 42.05 | 41.10 | 45.78 | 46.07 |
| Net Income | 83.28 | 42.58 | 61.23 | 126.19 |
| Net Income Common Stockholders | 83.28 | 42.58 | 61.23 | 126.19 |
| Total Expenses | 2,422.26 | 2,359.01 | 2,582.14 | 3,103.07 |
| Interest Expense | 30.97 | 21.74 | 31.77 | 32.48 |
| Selling General And Administration | 1,693.10 | 1,628.88 | 1,783.80 | 2,229.52 |
| Normalized EBITDA | 351.38 | 291.44 | 337.34 | 415.31 |
| Normalized Income | 83.28 | 42.58 | 61.23 | 126.19 |
| Basic EPS | 0.48 | 0.25 | 0.36 | 0.71 |
| Diluted EPS | 0.46 | 0.24 | 0.34 | 0.68 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.27 | 0.40 | 0.35 | 0.23 |
| Net Income From Continuing Operation Net Minority Interest | 83.28 | 42.58 | 61.23 | 126.19 |
| Reconciled Depreciation | 165.82 | 166.22 | 174.30 | 181.30 |
| Net Interest Income | -30.97 | -21.74 | -31.77 | -32.48 |
| Net Income From Continuing And Discontinued Operation | 83.28 | 42.58 | 61.23 | 126.19 |
| Total Operating Income As Reported | 185.57 | 125.22 | 163.04 | 234 |
| Diluted Average Shares | 245.18 | 176.38 | 177.69 | 253.45 |
| Basic Average Shares | 180.34 | 173.47 | 172.18 | 178.46 |
| Diluted NI Availto Com Stockholders | 110.40 | 42.58 | 61.23 | 172.99 |
| Average Dilution Earnings | 27.13 | 0 | 0 | 46.81 |
| Preferred Stock Dividends | 0 | 0 | 0 | 0 |
| Minority Interests | -29.27 | -19.80 | -24.26 | -29.26 |
| Net Income Including Noncontrolling Interests | 112.55 | 62.38 | 85.49 | 155.45 |
| Net Income Continuous Operations | 112.55 | 62.38 | 85.49 | 155.45 |
| Other Income Expense | -97.70 | 13.85 | 6.68 | 43.05 |
| Other Non Operating Income Expenses | -97.70 | 13.85 | 6.68 | 43.05 |
| Net Non Operating Interest Income Expense | -30.97 | -21.74 | -31.77 | -32.48 |
| Interest Expense Non Operating | 30.97 | 21.74 | 31.77 | 32.48 |
| Other Operating Expenses | 563.35 | 563.90 | 624.04 | 692.25 |
| Depreciation Amortization Depletion Income Statement | 165.82 | 166.22 | 174.30 | 181.30 |
| Depreciation And Amortization In Income Statement | 165.82 | 166.22 | 174.30 | 181.30 |
| General And Administrative Expense | 1,693.10 | 1,628.88 | 1,783.80 | 2,229.52 |
| Other Gand A | 534.84 | 0 | 0 | 0 |
| Salaries And Wages | 1,693.10 | 1,628.88 | 1,783.80 | 2,229.52 |
| Operating Revenue | 2,705.53 | 2,470.37 | 2,738.50 | 3,294.02 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Newmark Group, Inc.this co. | NMRK | $4.0B | 23.19 | 1.96 | 7.3% | 13.82 |
| Compass, Inc. | COMP | $5.7B | - | 5.49 | -7.4% | 78.14 |
| Kite Realty Group Trust | KRG | $5.4B | 19.73 | 1.77 | 9.4% | 17.19 |
| Sabra Health Care REIT, Inc. | SBRA | $5.1B | 31.80 | 1.82 | 5.5% | 16.99 |
| Hudson Pacific Properties, Inc. | HPP | $4.0B | - |
| 0.19 |
| -17.5% |
| 16.10 |
| Independence Realty Trust, Inc. | IRT | $4.0B | 67.88 | 1.12 | 1.6% | 16.62 |
| COPT Defense Properties | CDP | $3.6B | 22.58 | 2.30 | 9.6% | 15.26 |
| Dynex Capital, Inc. | DX | $2.9B | 6.37 | 1.00 | 13.0% | - |
| InvenTrust Properties Corp. | IVT | $2.5B | 22.77 | 1.38 | 6.2% | 19.24 |
| Peer Median | - | 22.68 | 1.58 | 5.9% | 16.99 | |