NASDAQ : NMRK
Newmark Group, Inc. — Financial statements
Real Estate · Real Estate Services · United States
Last price 11.52 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.81B
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Financial statements
Newmark Group, Inc. (NMRK) reported revenue of 3.71B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.57B | 2.25B | 1.96B | 1.81B | 1.74B | 1.74B |
| Other Revenue | 1.15B | 1.05B | 774.19M | 659.90M | 964.17M | 1.16B |
| Revenue | 3.71B | 3.29B | 2.74B | 2.47B | 2.71B | 2.91B |
| Gross Profit | 3.71B | 3.29B | 2.74B | 2.47B | 2.71B | 2.91B |
| Selling, General & Admin | 3.26B | 2.92B | 2.41B | 2.19B | 2.24B | 2.76B |
| Other Operating Expenses | 38.29M | -2.82M | -2.83M | -8.60M | 853.00K | -4.62M |
| Operating Expenses | 3.48B | 3.09B | 2.58B | 2.34B | 2.39B | 2.88B |
| Operating Income | 236.24M | 200.98M | 162.50M | 130.76M | 310.82M | 26.69M |
| Interest Expense | -60.76M | -59.54M | -58.09M | -47.59M | -39.50M | -39.58M |
| Interest & Investment Income | 31.21M | 27.06M | 26.33M | 25.85M | 8.53M | 6.10M |
| Earnings From Equity Investments | 14.22M | 2.84M | ||||
| EBT Excluding Unusual Items | 206.69M | 168.50M | 130.73M | 123.25M | 282.69M | -6.78M |
| Gain (Loss) on Sale of Investments | -1.10M | -1.10M | -3.80M | -101.02M | 120.27M | |
| Asset Writedown | -7.20M | -3.30M | -10.80M | -28.40M | ||
| Legal Settlements | -7.70M | -7.70M | ||||
| Other Unusual Items | -975.00K | -975.00K | 3.85M | -5.17M | 1.32M | 1.11B |
| Pretax Income | 246.62M | 201.52M | 131.27M | 103.48M | 154.60M | 1.22B |
| Income Tax Expense | 64.17M | 46.07M | 45.78M | 41.10M | 42.05M | 242.96M |
| Earnings From Continuing Operations | 182.45M | 155.45M | 85.49M | 62.38M | 112.55M | 978.13M |
| Minority Interest in Earnings | -31.42M | -29.26M | -24.26M | -19.80M | -29.27M | -227.41M |
| Net Income | 151.03M | 126.19M | 61.23M | 42.58M | 83.28M | 750.73M |
| Preferred Dividends & Other Adjustments | 6.20M | |||||
| Net Income to Common | 151.03M | 126.19M | 61.23M | 42.58M | 83.28M | 744.53M |
| Shares Outstanding (Basic) | 180.39M | 178.46M | 172.18M | 173.47M | 180.34M | 190.18M |
| Shares Outstanding (Diluted) | 253.67M | 253.45M | 177.69M | 176.38M | 245.18M | 195.81M |
| EPS (Basic) | 0.84 | 0.71 | 0.36 | 0.25 | 0.46 | 3.91 |
| EPS (Diluted) | 0.82 | 0.68 | 0.34 | 0.24 | 0.45 | 3.80 |
| Free Cash Flow | 417.87M | 142.63M | -41.45M | -321.32M | 1.13B | -68.43M |
| Free Cash Flow Per Share | 1.65 | 0.56 | -0.23 | -1.82 | 4.63 | -0.35 |
| Dividend Per Share | 0.18 | 0.12 | 0.12 | 0.12 | 0.12 | 0.04 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 6.36% | 6.10% | 5.93% | 5.29% | 11.49% | 0.92% |
| Profit Margin | 4.07% | 3.83% | 2.24% | 1.72% | 3.08% | 25.62% |
| Free Cash Flow Margin | 11.25% | 4.33% | -1.51% | -13.01% | 41.92% | -2.35% |
| EBITDA | 405.19M | 367.08M | 325.60M | 286.69M | 457.23M | 147.12M |
| EBITDA Margin | 10.91% | 11.14% | 11.89% | 11.61% | 16.90% | 5.06% |
| D&A For EBITDA | 168.95M | 166.10M | 163.10M | 155.92M | 146.42M | 120.43M |
| EBIT | 236.24M | 200.98M | 162.50M | 130.76M | 310.82M | 26.69M |
| EBIT Margin | 6.36% | 6.10% | 5.93% | 5.29% | 11.49% | 0.92% |
| Effective Tax Rate | 26.02% | 22.86% | 34.88% | 39.72% | 27.20% | 19.90% |
| Revenue as Reported | 3.71B | 3.29B | 2.74B | 2.47B | 2.71B | 2.91B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 239.98M | 229.11M | 197.69M | 164.89M | 233.02M | 191.33M |
| Short-Term Investments | 788.00K | 524.57M | ||||
| Cash & Short-Term Investments | 239.98M | 229.11M | 197.69M | 164.89M | 233.80M | 715.90M |
| Accounts Receivable | 743.72M | 628.40M | 604.60M | 622.51M | 523.74M | 569.21M |
| Other Receivables | 326.00K | 9.61M | 21.99M | 25.64M | ||
| Receivables | 743.72M | 628.40M | 604.93M | 632.12M | 545.73M | 594.85M |
| Prepaid Expenses | 74.50M | 51.48M | 51.37M | 40.39M | 36.42M | |
| Restricted Cash | 131.26M | 4.80M | 107.17M | 93.81M | 79.94M | 75.17M |
| Other Current Assets | 200.54M | 154.93M | 36.49M | 34.97M | 37.81M | 29.53M |
| Total Current Assets | 2.64B | 2.01B | 1.77B | 1.51B | 1.08B | 2.52B |
| Property, Plant & Equipment | 602.27M | 604.25M | 667.19M | 774.40M | 794.23M | 742.39M |
| Long-Term Investments | 4.14M | 5.21M | 4.90M | 99.97M | 108.33M | |
| Goodwill | 808.33M | 802.04M | 770.89M | 776.55M | 705.89M | 657.13M |
| Other Intangible Assets | 596.48M | 594.33M | 582.05M | 614.83M | 649.52M | 626.50M |
| Long-Term Deferred Tax Assets | 101.75M | 98.91M | 100.23M | 94.69M | 70.19M | |
| Other Long-Term Assets | 228.05M | 45.40M | 43.80M | 43.37M | 19.61M | 33.97M |
| Total Assets | 5.76B | 5.02B | 4.71B | 4.47B | 3.94B | 5.22B |
| Accounts Payable | 649.76M | 259.37M | 272.32M | 266.49M | 208.17M | 223.16M |
| Accrued Expenses | 457.73M | 646.90M | 639.37M | 577.58M | 543.79M | 616.18M |
| Short-Term Debt | 1.31B | 892.44M | 754.31M | 498.63M | 685.19M | 1.19B |
| Current Portion of Leases | 101.39M | 108.43M | 107.08M | 96.86M | 81.96M | |
| Current Income Taxes Payable | 2.56M | 1.39M | 11.85M | 22.86M | 56.27M | |
| Other Current Liabilities | 6.44M | 4.25M | 4.60M | 27.97M | 19.19M | 24.48M |
| Total Current Liabilities | 2.42B | 1.91B | 1.78B | 1.49B | 1.58B | 2.19B |
| Long-Term Debt | 877.51M | 671.75M | 670.67M | 547.26M | 545.24M | |
| Long-Term Leases | 426.63M | 437.20M | 489.83M | 598.04M | 627.09M | 586.07M |
| Long-Term Unearned Revenue | 6.34M | 6.35M | 6.38M | 5.04M | ||
| Other Long-Term Liabilities | 256.71M | 245.17M | 224.77M | 235.36M | 191.16M | 207.01M |
| Total Liabilities | 3.98B | 3.27B | 3.17B | 2.88B | 2.40B | 3.53B |
| Common Stock | 1.78B | 2.68M | 2.46M | 2.31M | 2.22M | 2.15M |
| Additional Paid-In Capital | 998.90M | 753.00M | 657.74M | 584.71M | 487.45M | |
| Retained Earnings | 1.31B | 1.21B | 1.17B | 1.15B | 1.08B | |
| Treasury Stock | -854.57M | -745.93M | -569.24M | -538.61M | -290.17M | |
| Comprehensive Income & Other | 2.81M | -11.29M | -4.55M | -11.99M | -1.16M | |
| Total Common Equity | 1.78B | 1.46B | 1.21B | 1.25B | 1.18B | 1.28B |
| Minority Interest | 290.23M | 332.54M | 342.00M | 360.08M | 407.21M | |
| Shareholders' Equity | 1.78B | 1.75B | 1.54B | 1.59B | 1.54B | 1.69B |
| Total Liabilities & Equity | 5.76B | 5.02B | 4.71B | 4.47B | 3.94B | 5.22B |
| Total Debt | 2.61B | 2.10B | 2.02B | 1.75B | 1.41B | 2.40B |
| Net Cash (Debt) | -2.37B | -1.87B | -1.83B | -1.59B | -1.18B | -1.69B |
| Net Cash Per Share | -9.36 | -7.39 | -10.27 | -8.99 | -4.79 | -8.62 |
| Filing Date Shares Outstanding | 179.83M | 184.44M | 180.46M | 172.67M | 173.72M | 189.06M |
| Total Common Shares Outstanding | 179.83M | 181.94M | 170.79M | 174.21M | 171.67M | 189.56M |
| Working Capital | 214.55M | 98.14M | -7.76M | 16.50M | -500.04M | 331.61M |
| Book Value Per Share | 9.88 | 8.03 | 7.06 | 7.19 | 6.88 | 6.74 |
| Tangible Book Value | 371.51M | 65.20M | -147.41M | -138.45M | -174.08M | -5.71M |
| Tangible Book Value Per Share | 2.07 | 0.36 | -0.86 | -0.79 | -1.01 | -0.03 |
| Machinery | 45.12M | 41.14M | 37.69M | 31.59M | 27.38M | |
| Leasehold Improvements | 266.58M | 254.34M | 245.26M | 207.02M | 184.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 128.35M | 126.19M | 61.23M | 42.58M | 83.28M | 750.73M |
| Depreciation & Amortization | 168.95M | 166.10M | 163.10M | 155.92M | 146.42M | 120.43M |
| Other Amortization | 10.49M | 10.49M | 12.94M | 10.90M | 9.93M | 3.77M |
| Loss (Gain) From Sale of Assets | -12.17M | -12.17M | -10.24M | -26.66M | -712.00K | -21.26M |
| Asset Writedown & Restructuring Costs | 7.20M | 7.20M | 3.30M | 10.76M | 28.36M | |
| Loss (Gain) From Sale of Investments | 101.02M | -131.15M | ||||
| Loss (Gain) on Equity Investments | -14.22M | -2.84M | ||||
| Stock-Based Compensation | 282.05M | 282.05M | 185.40M | 139.75M | 138.31M | 356.35M |
| Provision & Write-off of Bad Debts | 9.36M | 9.36M | 230.00K | -2.20M | 6.64M | 6.34M |
| Other Operating Activities | 361.06M | 90.83M | 33.30M | 42.05M | -43.35M | -819.89M |
| Change in Accounts Receivable | -31.16M | -31.16M | 17.68M | -69.31M | 42.44M | -191.27M |
| Change in Accounts Payable | -27.80M | -27.80M | 629.00K | 71.67M | -35.33M | -4.40M |
| Change in Other Net Operating Assets | -322.86M | -322.86M | -241.78M | -263.26M | -212.66M | -153.94M |
| Operating Cash Flow | 447.24M | 172.00M | -9.94M | -265.96M | 1.20B | -48.71M |
| Capital Expenditures | -29.37M | -29.37M | -31.51M | -55.36M | -62.19M | -19.72M |
| Cash Acquisitions | -53.36M | -53.36M | -99.89M | -64.25M | -69.75M | |
| Sale (Purchase) of Intangibles | -1.50M | |||||
| Investment in Securities | -312.00K | 435.06M | 542.56M | |||
| Other Investing Activities | -186.47M | -115.38M | -110.00K | 105.50M | ||
| Investing Cash Flow | -269.20M | -198.11M | -33.43M | -49.74M | 308.63M | 453.09M |
| Short-Term Debt Issued | 10.73B | 8.63B | 6.91B | 7.82B | 9.25B | |
| Long-Term Debt Issued | 520.00M | 845.00M | 930.00M | 55.00M | ||
| Total Debt Issued | 11.25B | 11.25B | 9.47B | 7.84B | 7.82B | 9.30B |
| Short-Term Debt Repaid | -10.59B | -8.37B | -6.55B | -8.88B | -9.15B | |
| Long-Term Debt Repaid | -520.00M | -720.00M | -930.00M | -195.00M | ||
| Total Debt Repaid | -11.11B | -11.11B | -9.09B | -7.48B | -8.88B | -9.35B |
| Net Debt Issued (Repaid) | 138.13M | 138.13M | 380.68M | 361.23M | -1.05B | -43.78M |
| Repurchase of Common Stock | -127.07M | -127.07M | -212.57M | -37.43M | -294.80M | -292.54M |
| Common Dividends Paid | -21.72M | -21.72M | -20.62M | -20.91M | -17.93M | -7.63M |
| Other Financing Activities | -152.60M | -34.19M | -57.96M | -41.43M | -92.49M | -52.33M |
| Financing Cash Flow | -163.26M | -44.85M | 89.53M | 261.46M | -1.46B | -396.28M |
| Net Cash Flow | 14.78M | -70.96M | 46.16M | -54.25M | 46.45M | 8.10M |
| Free Cash Flow | 417.87M | 142.63M | -41.45M | -321.32M | 1.13B | -68.43M |
| Free Cash Flow Margin | 11.25% | 4.33% | -1.51% | -13.01% | 41.92% | -2.35% |
| Free Cash Flow Per Share | 1.65 | 0.56 | -0.23 | -1.82 | 4.63 | -0.35 |
| Levered Free Cash Flow | 539.64M | 312.10M | 193.70M | -105.93M | 1.24B | 577.40M |
| Unlevered Free Cash Flow | 575.12M | 346.83M | 224.98M | -79.98M | 1.26B | 599.66M |
| Cash Interest Paid | 56.37M | 56.37M | 32.13M | 45.43M | 37.81M | 36.27M |
| Cash Income Tax Paid | 43.46M | 43.46M | 49.83M | 57.18M | 99.55M | 99.38M |
| Change in Working Capital | -381.82M | -381.82M | -223.47M | -260.90M | -205.55M | -349.61M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.81B | 3.13B | 2.18B | 1.89B | 1.37B | 3.67B |
| Enterprise Value | 5.19B | 5.83B | 4.72B | 4.00B | 3.73B | 5.92B |
| Last Close Price | 11.52 | 17.17 | 12.58 | 10.66 | 7.62 | 17.70 |
| PE Ratio | 14.12 | 24.84 | 35.56 | 44.46 | 16.45 | 4.93 |
| Forward PE | 5.86 | 9.88 | 9.71 | 10.64 | 5.92 | 11.04 |
| PS Ratio | 0.76 | 0.95 | 0.80 | 0.77 | 0.51 | 1.26 |
| PB Ratio | 1.17 | 1.79 | 1.42 | 1.19 | 0.89 | 2.18 |
| P/TBV Ratio | 7.57 | 48.06 | ||||
| P/FCF Ratio | 6.73 | 21.97 | 1.21 | |||
| P/OCF Ratio | 6.29 | 18.22 | 1.15 | |||
| PEG Ratio | 1.08 | 1.08 | 1.08 | 1.08 | 1.08 | |
| EV/Sales Ratio | 1.40 | 1.77 | 1.72 | 1.62 | 1.38 | 2.04 |
| EV/EBITDA Ratio | 12.80 | 15.89 | 14.49 | 13.95 | 8.16 | 40.25 |
| EV/EBIT Ratio | 21.95 | 29.02 | 29.03 | 30.59 | 12.00 | 221.81 |
| EV/FCF Ratio | 12.41 | 40.90 | 3.29 | |||
| Debt / Equity Ratio | 1.47 | 1.20 | 1.31 | 1.10 | 0.91 | 1.43 |
| Debt / EBITDA Ratio | 5.73 | 3.84 | 4.10 | 3.92 | 2.34 | 9.55 |
| Debt / FCF Ratio | 6.25 | 14.74 | 1.24 | |||
| Net Debt / Equity Ratio | 1.34 | 1.07 | 1.19 | 0.99 | 0.76 | 1.00 |
| Net Debt / EBITDA Ratio | 5.86 | 5.10 | 5.61 | 5.53 | 2.57 | 11.47 |
| Net Debt / FCF Ratio | 5.68 | 13.14 | -44.05 | -4.94 | 1.04 | -24.67 |
| Asset Turnover | 0.66 | 0.68 | 0.60 | 0.59 | 0.59 | 0.63 |
| Quick Ratio | 0.41 | 0.45 | 0.45 | 0.54 | 0.49 | 0.60 |
| Current Ratio | 1.09 | 1.05 | 1.00 | 1.01 | 0.68 | 1.15 |
| Return on Equity (ROE) | 10.71% | 9.45% | 5.46% | 3.98% | 6.98% | 74.49% |
| Return on Assets (ROA) | 2.63% | 2.58% | 2.21% | 1.94% | 4.24% | 0.36% |
| Return on Invested Capital (ROIC) | 4.42% | 4.44% | 3.23% | 2.67% | 7.43% | 0.70% |
| Return on Capital Employed (ROCE) | 7.10% | 6.50% | 5.50% | 4.40% | 13.10% | 0.90% |
| Earnings Yield | 7.08% | 4.03% | 2.81% | 2.25% | 6.08% | 20.46% |
| FCF Yield | 14.86% | 4.55% | -1.90% | -16.98% | 82.81% | -1.86% |
| Dividend Yield | 2.08% | 0.70% | 0.94% | 1.10% | 1.50% | 0.21% |
| Payout Ratio | 25.73% | 17.21% | 33.68% | 49.10% | 21.54% | 1.02% |
| Buyback Yield / Dilution | -44.10% | -42.63% | -0.74% | 28.06% | -25.21% | -8.97% |
| Total Shareholder Return | -42.01% | -41.94% | 0.20% | 29.16% | -23.71% | -8.77% |