Newmark Group Inc

Newmark Group Inc

NMRK · NASDAQ · Real Estate / Real Estate Services

10.62USD-0.24 (-2.21%)

Price History

Full chart

Market Stats

Previous Close10.86
Open10.79
Day Range10.57 – 11.00
52-Week Range12.43 – 19.60
Volume2.45M
Market Cap3.06B
P/E (TTM)15.61
Forward P/E5.74
EPS0.80
Dividend Yield1.84%
Beta1.67
50-Day Avg14.98
200-Day Avg15.53

About

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.

Company Details

  • SectorReal Estate
  • IndustryReal Estate Services
  • CEOMr. Barry M. Gosin
  • Employees10.00K
  • Headquarters125 Park Avenue, New York, NY, United States, 10017, USA
  • Websitehttps://www.nmrk.com

Leadership

  • Mr. Stephen Marcus MerkelChairman, Executive VP & Chief Legal Officer · b. 1959
  • Mr. Barry M. GosinChief Executive Officer · b. 1951
  • Mr. Michael J. Rispoli CPAChief Financial Officer · b. 1972
  • Mr. Luis A. AlvaradoChief Operating Officer · b. 1960
  • Mr. Kyle S. LutnickChief Strategy Officer & Director · b. 1996
  • Mr. James D. Kuhn FRICSPresident & Head of Investor Services
  • Ms. Ghada Mahmassani CPA, CGMAChief Accounting Officer
  • Mr. Sridhar PotineniChief Information Officer
  • Mr. Roger Ethan Anscher J.D.Chief Administrative Officer
  • Mr. Jason A. McGruder C.F.A.Head of Investor Relations

Financials

Income Statement

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.20B1.35B1.60B2.05B2.22B1.90B2.91B2.71B2.47B2.74B3.34B
Growth (%)-+12.48%+18.26%+28.26%+8.33%-14.12%+52.57%-6.91%-8.69%+10.85%+21.86%
Cost of Revenue816.27M849.98M1.02B1.16B1.28B-915.72M--17.26M-181.30M
Gross Profit1.20B1.35B1.60B2.05B2.22B1.90B2.91B2.71B2.47B2.74B3.16B
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%94.57%
Operating Expense1.21B1.18B1.40B1.71B1.97B1.72B1.65B2.52B2.35B2.58B2.92B
Operating Income-11.24M167.42M199.79M332.59M246.24M184.00M1.25B185.57M125.22M163.04M234.00M
Operating Margin-0.94%12.40%12.51%16.24%11.10%9.66%43.16%6.86%5.07%5.95%7.01%
EBITDA61.00M224.34M221.68M430.32M377.38M303.80M1.38B351.38M291.44M337.34M415.31M
EBITDA Margin5.08%16.62%13.89%21.02%17.01%15.95%47.35%12.99%11.80%12.32%12.45%
Net Income-2.80M168.40M144.49M106.73M117.31M80.06M750.73M83.28M42.58M61.23M126.19M
Net Income Margin-0.23%12.47%9.05%5.21%5.29%4.20%25.83%3.08%1.72%2.24%3.78%
R&D300.00K900.00K400.00K900.00K2.00M1.30M1.30M2.10M2.90M7.90M-
R&D as % of Total Revenue0.02%0.07%0.03%0.04%0.09%0.07%0.04%0.08%0.12%0.29%-
Interest Expense00050.20M32.09M37.73M33.47M30.97M21.74M31.77M32.48M
Interest Expense % of Total Revenue0.00%0.00%0.00%2.45%1.45%1.98%1.15%1.14%0.88%1.16%0.97%

Balance Sheet

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.66B2.53B2.27B3.45B3.20B3.98B5.22B3.94B4.47B4.71B5.02B
Total Liabilities853.90M1.55B2.03B2.37B2.24B3.04B3.55B2.42B2.89B3.19B3.27B
Total Equity804.03M983.78M243.41M1.08B599.66M655.05M1.28B1.18B1.25B1.21B1.46B
Cash111.43M66.63M121.03M122.47M163.56M191.45M191.33M233.02M164.89M197.69M349.29M
Total Debt359.92M258.38M1.50B1.51B1.09B2.02B2.40B1.41B1.75B2.02B2.00B
Net Debt248.20M191.34M1.38B1.39B927.24M1.83B2.21B1.18B1.59B1.83B1.65B

Cash Flow

Currency: USD2015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow387.15M-646.34M852.22M-332.37M986.76M-777.69M-59.91M1.20B-265.96M-9.94M172.00M
Investing Cash Flow-18.74M-34.42M379.00K7.74M-56.79M-3.60M453.09M308.63M-49.74M-33.43M-198.11M
Financing Cash Flow-351.12M635.95M-798.20M338.66M-895.51M817.82M-396.28M-1.46B261.46M89.53M-44.85M
Capital Expenditure21.39M34.94M21.12M24.12M36.02M19.83M19.72M62.19M55.36M33.12M29.37M
Free Cash Flow365.76M-681.27M831.09M-356.49M950.75M-797.52M-79.63M1.13B-321.32M-43.05M142.63M
Dividends Paid101.73M101.73M190.88M41.79M69.25M23.17M7.63M17.93M20.91M20.62M21.72M
FCF to OCF94.47%105.41%97.52%107.26%96.35%102.55%132.92%94.80%120.82%433.32%82.92%
Dividend Paid to FCF27.81%-14.93%22.97%-11.72%7.28%-2.91%-9.58%1.58%-6.51%-47.90%15.23%

Earnings

Report DateMay 3, 2017Aug 2, 2017Dec 15, 2017Feb 9, 2018May 3, 2018Aug 2, 2018Oct 25, 2018Feb 12, 2019May 9, 2019Aug 1, 2019Oct 30, 2019Feb 13, 2020May 7, 2020Aug 7, 2020Nov 5, 2020Feb 18, 2021May 6, 2021Aug 6, 2021Nov 5, 2021Feb 11, 2022Apr 29, 2022Jul 29, 2022Oct 28, 2022Feb 16, 2023May 5, 2023Jul 28, 2023Nov 1, 2023Feb 22, 2024May 3, 2024Aug 2, 2024Nov 5, 2024Feb 20, 2025Apr 30, 2025Jul 30, 2025Oct 30, 2025Feb 25, 2026May 1, 2026Jul 29, 2026Oct 29, 2026
EPS Estimate0.000.000.000.290.180.260.600.430.230.280.570.550.240.190.420.250.120.560.360.560.260.360.400.330.150.220.260.470.150.200.300.480.190.270.410.660.260.400.50
EPS Actual0.150.230.540.300.220.250.590.450.210.300.600.520.090.100.440.300.200.310.500.820.360.570.350.320.150.180.270.460.150.220.330.550.210.310.420.680.330.39-
Surprise---3.45%22.22%-3.85%-1.67%4.65%-8.70%7.14%5.26%-5.45%-62.50%-47.37%4.76%20.00%66.67%-44.64%38.89%46.43%38.46%58.33%-12.50%-3.03%0.00%-18.18%3.85%-2.13%0.00%10.00%10.00%13.64%10.53%14.81%2.44%3.03%28.96%-2.50%-
Timing--After-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-market

Key Statistics & Ratios

Market Cap3.06B
Enterprise Value4.39B
Trailing P/E15.61
Forward P/E5.74
Price / Sales0.85
Price / Book1.66
EPS0.80
Book Value7.96
Revenue (TTM)3.60B
Gross Profit (TTM)3.60B
EBITDA412.07M
Profit Margin4.11%
Operating Margin4.93%
Return on Equity11.11%
Return on Assets2.86%
Shares Outstanding159.94M
Shares Float157.38M
Beta1.67
Dividend Yield1.84%
Dividend Rate0.24
Payout Ratio9.89%

Analyst Ratings

Buy
Based on 5 analystsTarget 19.75
  • Strong Buy
    1
  • Buy
    3
  • Hold
    1

Ownership Breakdown

Institutions
75.17%
Insiders
2.43%
Retail / Other
22.40%

Top Institutional Holders

  • Vanguard Portfolio Management, LLC
    13.84M7.63%
  • BlackRock Inc
    12.20M6.73%
  • Vanguard Capital Management, LLC
    6.29M3.47%
  • Dimensional Fund Advisors, Inc.
    5.56M3.07%
  • Empyrean Capital Partners, LP
    4.36M2.41%
  • Geode Capital Management, LLC
    4.28M2.36%
  • State Street Corp
    3.87M2.14%
  • Westwood Holdings Group Inc
    3.39M1.87%
  • Nuveen, LLC
    2.40M1.32%
  • Delaware Management Holdings Inc
    2.21M1.22%
  • Ameriprise Financial Inc
    2.15M1.19%
  • Charles Schwab Investment Management Inc
    1.93M1.06%
  • Morgan Stanley - Brokerage Accounts
    1.76M0.97%
  • Leeward Investments, LLC - MA
    1.71M0.95%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    5.58M3.08%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.51M2.49%
  • iShares Russell 2000 ETF
    4.03M2.22%
  • Vanguard Small Cap Index
    3.23M1.78%
  • Vanguard MStar Small Cap Value Index
    2.05M1.13%
  • Fidelity Small Cap Index
    1.72M0.95%

Dividends

20264×
0.06Nov 13, 20260.06Aug 14, 20260.06May 14, 20260.03Mar 13, 2026
20254×
0.03Nov 17, 20250.03Aug 14, 20250.03May 14, 20250.03Mar 3, 2025
20244×
0.03Nov 21, 20240.03Aug 16, 20240.03May 16, 20240.03Mar 7, 2024
20234×
0.03Nov 21, 20230.03Aug 16, 20230.03May 18, 20230.03Mar 2, 2023
20224×
0.03Nov 9, 20220.03Aug 12, 20220.03May 13, 20220.01Feb 28, 2022
20214×
0.01Nov 18, 20210.01Aug 19, 20210.01May 25, 20210.01Mar 9, 2021