Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Newmark Group, Inc., a venerable New York City-based enterprise established in 1929, offers a full spectrum of commercial property services both domestically within the United States and across international markets. The company’s diverse service portfolio is designed to assist two primary client segments. For real estate investors and property owners, Newmark provides extensive capital markets assistance, covering investment strategies, debt and structured financing, and the sale of loan portfolios.
How they make money
Newmark generates revenue primarily through commissions and fees earned from providing commercial real estate advisory and brokerage services. The company earns fees from capital markets transactions, leasing services, property management, and valuation services provided to institutional investors, global corporations, and other real estate owners and occupiers.
Products & services
Newmark provides a comprehensive suite of commercial real estate services including investment sales, debt and equity financing, leasing, property management, valuation, and advisory services.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
The company's top 10 clients accounted for approximately 9.1% of total revenue on a consolidated basis for the year ended December 31, 2025.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Competitors
CBRE Group, Inc. — A global commercial real estate services and investment firm that competes across Newmark's primary service lines.Source
Jones Lang LaSalle Incorporated (JLL) — A professional services firm specializing in real estate and investment management that competes with Newmark globally.Source
Cushman & Wakefield plc — A global real estate services firm providing a similar range of brokerage and advisory services.Source
Strengths
Diversified revenue streams across service lines and geographiesSource
Strong market position in commercial real estate advisorySource
Risks
Sensitivity to commercial real estate market cycles and economic conditionsSource
Intense competition from firms with greater financial and operational resourcesSource
Overall investment score · Quality, value, risk and opportunity
54
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
48
Weak
Financial Strength
59
Business Quality / Moat
31
Management
42
Growth Quality
46
Risk / Durability
76
Cheap for a Reason · Review the Risks
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
70
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
68/100
Building Historical Record
Model Score 68/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
What we like
•Valuation scores attractively
•Recent buyback activity is present
What to watch
•Material dilution — approximately 42.6% share-count growth
•M&A headline · Sep 18, 2026
•M&A headline · Sep 1, 2026
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for NMRK
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can NMRK maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is NMRK's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is NMRK's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•Is NMRK's valuation discount tied to a temporary concern or to a longer-term business risk?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for NMRK
Detected from reported data — verify before acting.
Material dilution — approximately 42.6% share-count growth
Diluted shares outstanding grew ~42.6% year-over-year. Substantial dilution reduces per-share value and can signal financing stress. Wall Street Score is capped.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Sep 18, 2026
Newmark Arranges Financing for Related Ross' Acquisition of Landmark 1.7 MSF Boca Raton Innovation Campus — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Newmark Arranges Financing for Related Ross' Acquisition of Landmark 1.7 MSF Boca Raton Innovation Campus — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Newmark Arranges Financing for Related Ross' Acquisition of Landmark 1.7 MSF Boca Raton Innovation Campus — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Newmark Closes Acquisition of Altus Group's Development Advisory Business — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Diversified revenue streams across service lines and geographies.
+Strong market position in commercial real estate advisory.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Real Estate - Services industry.
−Sensitivity to commercial real estate market cycles and economic conditions.
−Intense competition from firms with greater financial and operational resources.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Fair54/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Fair
69
Debt Cost1.6%
Debt Reduction YoY1.1%
Debt / Equity1.37x
Tap for breakdown →
Revenue
Weak
49
Revenue YoY8.0%
Revenue CAGR16.2%
Net Margin4.1%
Tap for breakdown →
Asset
Fair
65
Asset Growth YoY6.6%
Liquidation/Share$6.90
Net Assets/MCap1.58x
Tap for breakdown →
Capital
Elite
91
Earnings Yield7.8%
Buyback Yield8.8%
Debt Cost1.6%
Tap for breakdown →
Management
Weak
42
ROIC5.4%
ROE10.2%
ROA2.9%
Tap for breakdown →
Moat
Poor
31
EPS Growth31.7%
FCF/Share Growth-30.3%
Rev/Share Growth1.2%
Tap for breakdown →
Valuation
Elite
90
Intrinsic Value$19.06
Value Reference$11.43
MOS39.8%
Tap for breakdown →
Buffett
Fair
57
Revenue49
Moat31
Valuation90
Tap for breakdown →
MOS
Elite
90
MOS %39.8%
Value Reference$11.43
Deep Discount Reference$7.62
Tap for breakdown →
Financial
Poor
25
Interest Coverage7.2x
ROIC5.4%
FCF Yield7.5%
Tap for breakdown →
Master
Weak
44
Financial25
Valuation90
Debt69
Tap for breakdown →
Resilience
Weak
41
Survival Years0.1 yrs
Current Ratio2.25x
FCF Margin4.3%
Tap for breakdown →
Was this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
YesNot yetDismiss
Score Changes
3 historical score records available
Previous Score
53
Oct 1, 2026
Change
+0.3
points
Current Score
54
Oct 8, 2026
Category Changes
Revenue+0.3
Debt0
Assets0
Capital0
Management0
Moat0
Valuation+1.0
Buffett+0.1
NMRK increased 0.3 points because overall fundamentals improved.
Projected Score
Projected Score
53
Projected Change
-0.6 points
Preliminary comparable-period financial changes suggest decline of approximately 0.6 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$3.61B
$3.34B
$2.74B
$2.47B
····
····
····
····
····
····
····
Cost of Revenue
$139.1M
$181.3M
$0.00
$0.00
····
····
····
····
····
····
····
Gross Profit
$3.47B
$3.16B
$2.74B
$2.47B
····
····
····
····
····
····
····
Research & Development
$2.0M
$0.00
$7.9M
$2.9M
····
····
····
····
····
····
····
SG&A Expenses
$1.32B
$658.9M
$2.41B
$2.19B
····
····
····
····
····
····
····
Operating Expenses
$3.19B
$2.92B
$2.58B
$2.35B
····
····
····
····
····
····
····
EBITDA
$495.7M
$415.3M
$337.3M
$291.4M
····
····
····
····
····
····
····
Operating Income
$276.1M
$234.0M
$163.0M
$125.2M
····
····
····
····
····
····
····
Interest Expense
$64.3M
$32.5M
$31.8M
$21.7M
····
····
····
····
····
····
····
Income Before Tax
$246.8M
$201.5M
$131.3M
$103.5M
····
····
····
····
····
····
····
Income Tax Expense
$64.9M
$46.1M
$45.8M
$41.1M
····
····
····
····
····
····
····
Net Income
$148.3M
$126.2M
$61.2M
$42.6M
····
····
····
····
····
····
····
Basic EPS
$0.83
$0.71
$0.36
$0.25
····
····
····
····
····
····
····
Basic Shares
181M
178M
172M
173M
····
····
····
····
····
····
····
Diluted Shares
254M
253M
178M
176M
····
····
····
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$888.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.10
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-21.0%
Cash Change
+32.6%
Margin Change
-0.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
Debt reduced
What Weakened
Margins contracted
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels. Pressure indicators included EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 17.0%. EPS declined 9.1%. Cash increased 32.6%. Total debt declined 21.0%. Net income margin declined by 0.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Log in to view dividend history.
Log In
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.