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Newmark Group, Inc. (NMRK)

NEUTRAL
Real EstateReal Estate ServicesUnited States

Fundamental

62

Price

$15.86

Market Cap

$3.90B

Part 1 · What the company is worth

Overview

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.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$3.06B

Trailing 12 months (through 6/30/2026)

Net Income

$148M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$143M

Total Equity

$1.46B

Total Liabilities

$3.27B

Current Ratio

1.09

Interest Coverage

-

Debt/EBITDA

3.26

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseOvervalued

Fair Value

$12.40

Current Price

$15.86

Margin of Safety

-27.9%

Fair Value Range

$8.06 - $16.74

Estimation Methods

Analyst price target:$19.75
Discounted cash flow (DCF):Not enough data to compute it
Earnings multiple (P/E):$5.80
Graham growth formula:$9.14
Earnings power value (EPV):$6.06
Justified P/B:$5.41
Dividend discount (Gordon):$1.26
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:Not enough data to compute it
Analyst Consensus:Strong Buy (11B / 2H / 0S)
Last Earnings Surprise:+2.36%

Valuation Metrics

P/E Ratio

19.84

ROE

8.6%

P/B Ratio

1.79

P/FCF

3.22

Gross Margin

-

ROIC

6.7%

Profitability Radar

Value Creation (Economic Moat)

ROIC

6.7%

WACC

9.5%

ROIC − WACC

-2.8 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (18)

  • ROIC 6.7%
  • P/FCF 3.22
  • P/B Ratio 1.79
  • Debt/Equity ratio
  • Operating Margin 9.0%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 10.8%
  • Revenue Growth 5Y 11.6%
  • Analyst Consensus 85% Buy
  • Earnings Surprise avg 5.7%
  • Earnings Quality (OCF/NI) 5.71
  • Share Dilution -26.2%
  • Net Margin Trend 4.8% vs 4.0%
  • Piotroski F-Score 8/9

Failed (7)

  • EPS shows upward trend
  • EPS CAGR -2.75%
  • Price CAGR 0.21%
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Unknown)
  • PEG Ratio 8.18

Unavailable (3)

  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Interest Coverage

Piotroski F-Score

8/9

Strong financial health

score
criteria

Earnings Quality

5.71

High quality: earnings backed by cash

Share Dilution

-26.2%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Stephen Marcus MerkelChairman, Executive VP & Chief Legal Officer66
Mr. Barry M. GosinChief Executive Officer74
Mr. Michael J. Rispoli CPAChief Financial Officer53
Mr. Luis A. AlvaradoChief Operating Officer65
Mr. Kyle S. LutnickChief Strategy Officer & Director29
Mr. James D. Kuhn FRICSPresident & Head of Investor Services-
Ms. Ghada Mahmassani C.P.A., 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-

Audit Risk

2

Board Risk

10

Compensation Risk

10

Shareholder Rights Risk

10

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for NMRK, sourced from Markets Gazette.

  • 2/25/2026NEUTRAL
    Newmark (NMRK) Q4 2025 Earnings Call Transcript

    The transcript for Newmark's (NMRK) Q4 2025 earnings call is now available, marking a pivotal moment for investors. While specific details are yet to be analyzed, the release of such documents is always a key event for understanding a company's financial health and future prospects. Analysts and investors will meticulously review management's statements, revenue figures, profit margins, and forecasts for upcoming periods. It will be crucial to assess how Newmark, a primary player in the commercial real estate sector, is navigating current market dynamics and what strategies it intends to adopt for growth. The insights provided during the call will influence market expectations and investment decisions.

via Markets Gazette