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 | 8.6% | 20.3% | 106.1% |
| 2024 | $2.7B | $337M | $61M | $-43M | 5.1% | 10.9% | 43.8% |
| 2023 | $2.5B | $291M | $43M | $-321M | 3.4% | -8.7% | -48.9% |
| 2022 | $2.7B | $351M | $83M | $1.1B | 7.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,705.53 | 2,470.37 | 2,738.50 | 3,294.02 |
| Operating 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 |
| Selling General And Administration | - | 1,693.10 | 1,628.88 | 1,783.80 | 2,229.52 |
| Total Expenses | - | 2,422.26 | 2,359.01 | 2,582.14 | 3,103.07 |
| Operating Income | - | 283.27 | 111.36 | 156.36 | 190.95 |
| Total Operating Income As Reported | - | 185.57 | 125.22 | 163.04 | 234 |
| EBITDA | - | 351.38 | 291.44 | 337.34 | 415.30 |
| Normalized EBITDA | - | 351.38 | 291.44 | 337.34 | 415.30 |
| EBIT | - | 185.57 | 125.22 | 163.04 | 234 |
| Interest Expense | - | 30.97 | 21.74 | 31.77 | 32.48 |
| Net Interest Income | - | -30.97 | -21.74 | -31.77 | -32.48 |
| Other Non Operating Income Expenses | - | -97.70 | 13.85 | 6.68 | 43.05 |
| Other Income Expense | - | -97.70 | 13.85 | 6.68 | 43.05 |
| Interest Expense Non Operating | - | 30.97 | 21.74 | 31.77 | 32.48 |
| Net Non Operating Interest Income Expense | - | -30.97 | -21.74 | -31.77 | -32.48 |
| Pretax Income | - | 154.60 | 103.48 | 131.27 | 201.52 |
| Tax Provision | - | 42.05 | 41.10 | 45.78 | 46.07 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 112.54 | 62.38 | 85.49 | 155.45 |
| Net Income From Continuing And Discontinued Operation | - | 83.28 | 42.58 | 61.23 | 126.19 |
| Net Income From Continuing Operation Net Minority Interest | - | 83.28 | 42.58 | 61.23 | 126.19 |
| Net Income | - | 83.28 | 42.58 | 61.23 | 126.19 |
| Net Income Common Stockholders | - | 83.28 | 42.58 | 61.23 | 126.19 |
| Net Income Including Noncontrolling Interests | - | 112.54 | 62.38 | 85.49 | 155.45 |
| Normalized Income | - | 83.28 | 42.58 | 61.23 | 126.19 |
| Diluted NI Availto Com Stockholders | - | 110.40 | 42.58 | 61.23 | 172.99 |
| Basic Average Shares | - | 180.34 | 173.48 | 172.18 | 178.46 |
| Diluted Average Shares | - | 245.18 | 176.38 | 177.69 | 253.45 |
| Reconciled Depreciation | - | 165.82 | 166.22 | 174.30 | 181.30 |
| Preferred Stock Dividends | 6.20 | - | - | - | - |
| Minority Interests | - | -29.27 | -19.80 | -24.26 | -29.26 |
| 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 | 23.79 | 534.84 | - | - | - |
| Salaries And Wages | - | 1,693.10 | 1,628.88 | 1,783.80 | 2,229.52 |
| Other Operating Expenses | - | 563.34 | 563.90 | 624.04 | 692.25 |
| Average Dilution Earnings | - | 27.13 | 0 | 0 | 46.81 |
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 | $3.6B | 28.68 | 2.48 | 8.6% | 13.22 |
| Sabra Health Care REIT, Inc. | SBRA | $4.5B | 28.64 | 1.58 | 5.5% | 15.18 |
| Independence Realty Trust, Inc. | IRT | $4.0B | 70.67 | 1.16 | 1.6% | 16.46 |
| COPT Defense Properties | CDP | $3.7B | 24.33 | 2.45 | 10.1% | 15.25 |
| National Health Investors, Inc. | NHI | $3.3B |
| - |
| - |
| - |
| - |
| - |
| 23.29 |
| 2.18 |
| 9.3% |
| 16.16 |
| Dynex Capital, Inc. | DX | $2.8B | 8.77 | 1.19 | 13.6% | - |
| InvenTrust Properties Corp. | IVT | $2.6B | 23.04 | 1.43 | 6.2% | 12.22 |
| Douglas Emmett, Inc. | DEI | $2.4B | 150.56 | 1.29 | 0.9% | 11.72 |
| Sunstone Hotel Investors, Inc. | SHO | $2.1B | 87.20 | 1.29 | 1.5% | 14.19 |
| Peer Median | - | 26.48 | 1.36 | 5.9% | 15.18 | |