Newmark Group Inc (NMRK)
NASDAQ:NMRK
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Newmark Group
(NASDAQ:NMRK)
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Rating:56Neutral
Price Target:
$15.00
▲(2.53% Upside)
Action:ReiteratedDate:02/25/26
The score is anchored by mixed financial quality (improving balance sheet and revenue growth but weaker profitability and volatile cash flow) and weak technical momentum (below key moving averages with negative MACD). These are partially offset by a notably positive earnings-call setup, with confident 2026 double-digit guidance and increased buyback authorization; valuation is a mild headwind with a ~25 P/E and low yield.
Positive Factors
Resumed revenue growth and constructive 2026 guidance
Management's explicit guidance for ~14% top-line growth and double-digit EBITDA/EPS expansion signals durable demand and scalable fee generation across services. Clear multi-metric guidance supports capacity planning, investment pacing, and provides a multiyear baseline for revenue and margin improvements.
Negative Factors
Weakened profitability and margin pressure
Material decline in reported net income and only modest operating margins imply constrained returns on the balance-sheet build. If revenue growth slows, profitability weakness limits reinvestment and debt servicing capacity, making returns more sensitive to cyclical downturns in transaction volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Resumed revenue growth and constructive 2026 guidance
Management's explicit guidance for ~14% top-line growth and double-digit EBITDA/EPS expansion signals durable demand and scalable fee generation across services. Clear multi-metric guidance supports capacity planning, investment pacing, and provides a multiyear baseline for revenue and margin improvements.
Read all positive factors
Newmark Group (NMRK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.70B
Dividend Yield0.68%
Average Volume (3M)1.88M
Price to Earnings (P/E)24.5
Beta (1Y)1.29
Revenue Growth22.22%
EPS Growth94.52%
CountryUS
Employees8,100
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.68
Shares Outstanding163,152,080
10 Day Avg. Volume2,101,625
30 Day Avg. Volume1,882,912
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)1.77
Price to Sales (P/S)0.93
P/FCF Ratio0.00
Enterprise Value/Market Cap1.58
Enterprise Value/Revenue1.29
Enterprise Value/Gross Profit1.31
Enterprise Value/Ebitda10.26
Forecast
1Y Price Target
$19.25Price Target Upside31.58% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.9
Revenue Forecast (FY)$3.72B
Newmark Group Business Overview & Revenue Model
Company Description
Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; age...
How the Company Makes Money
Newmark Group generates revenue primarily through its brokerage and advisory services, which include leasing and sales transactions in commercial real estate. The company earns commissions from successfully closed deals, which are based on a perce...
Newmark Group Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial achievements—record revenues, double-digit growth across revenue, EPS, and adjusted EBITDA, market-share gains in investment sales and originations, improved cash flow and leverage, and confident 2026 guidance—while acknowledging near-term expenses tied to growth investments, some quarter-level origination pacing, ramp timing for international hires, an expected higher tax rate, and macro refinancing risk. Overall the positives around revenue/margin expansion, cash generation, market-share gains, and growth investments materially outweigh the identified challenges.Positive Updates
Record Revenue and Top-Line Growth
Total revenues rose 15.3% year-over-year to just over $1.0 billion (vs $872.7 million), delivering record total revenues for the quarter and year.
Negative Updates
Expense Growth from Growth Investments
Total expenses rose 15.7%, slightly outpacing revenue growth (15.3%) and driven by commission/pass-through costs and global growth investments; excluding those investments, expenses increased ~6%.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Revenue and Top-Line Growth
Total revenues rose 15.3% year-over-year to just over $1.0 billion (vs $872.7 million), delivering record total revenues for the quarter and year.
Read all positive updates
Company Guidance
Newmark guided full‑year 2026 total revenues of $3.7–$3.8 billion (about 13.8% growth at the midpoint vs. 2025), adjusted EBITDA of $635–$675 million (up 13%–20%), adjusted EPS of $1.82–$1.92 (up 12%–19%), and an adjusted earnings tax rate of 13%–15% (vs. 11.4% in 2025); management said capital markets should grow faster than the midpoint, management & servicing roughly in line, leasing slightly below the midpoint, reiterated expectations for double‑digit top‑ and bottom‑line growth and record revenues/adjusted EPS/adjusted EBITDA in 2026, and noted the outlook excludes potential 2026 acquisitions and assumes no meaningful change in the stock price — the board also increased the share repurchase authorization to $400 million.Newmark Group Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.34B | 2.74B | 2.47B | 2.71B | 2.91B |
| Gross Profit | 3.16B | 2.74B | 2.47B | 2.71B | 2.91B |
| EBITDA | 415.31M | 337.34M | 291.56M | 351.38M | 1.38B |
| Net Income | 126.19M | 61.23M | 42.58M | 83.28M | 750.73M |
Balance Sheet | |||||
| Total Assets | 5.02B | 4.71B | 4.47B | 3.94B | 5.22B |
| Cash, Cash Equivalents and Short-Term Investments | 349.29M | 197.69M | 164.99M | 233.80M | 715.90M |
| Total Debt | 2.00B | 2.02B | 1.75B | 1.41B | 2.40B |
| Total Liabilities | 3.27B | 3.17B | 2.88B | 2.42B | 3.55B |
| Stockholders Equity | 1.75B | 1.21B | 1.25B | 1.18B | 1.28B |
Cash Flow | |||||
| Free Cash Flow | 142.63M | -43.05M | -321.32M | 1.13B | -68.43M |
| Operating Cash Flow | 172.00M | -9.94M | -265.96M | 1.20B | -48.71M |
| Investing Cash Flow | -198.11M | -33.43M | -49.74M | 308.63M | 453.09M |
| Financing Cash Flow | -44.85M | 89.53M | 261.46M | -1.46B | -396.28M |
Newmark Group Technical Analysis
Negative
14.63
Price Trends
15.30
Negative
16.21
Negative
16.23
Negative
Market Momentum
-0.09
Negative
47.95
Neutral
60.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NMRK, the sentiment is Negative. The current price of 14.63 is above the 20-day moving average (MA) of 14.50, below the 50-day MA of 15.30, and below the 200-day MA of 16.23, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 47.95 is Neutral, neither overbought nor oversold. The STOCH value of 60.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NMRK.
Newmark Group Risk Analysis
Newmark Group disclosed 55 risk factors in its most recent earnings report. Newmark Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Newmark Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $14.34B | 20.11 | 11.09% | ― | 12.51% | 32.34% | |
66 Neutral | $40.32B | 41.44 | 13.63% | ― | 14.61% | 30.19% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | $1.00B | -556.71 | -1.09% | 1.80% | 20.74% | 78.92% | |
60 Neutral | $2.89B | 42.44 | 4.65% | ― | 6.77% | 150.72% | |
57 Neutral | $941.28M | -63.56 | -10.00% | 2.09% | 5.08% | 41.21% | |
56 Neutral | $2.70B | 24.52 | 8.82% | 0.68% | 22.22% | 94.52% |
* Real Estate Sector Average
NMRK
Newmark Group
14.63
4.13
39.31%
CBRE
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136.60
19.45
16.60%
JLL
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306.05
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42.56%
MMI
Marcus & Millichap
26.30
-3.70
-12.35%
EXPI
eXp World Holdings
5.91
-3.11
-34.45%
CWK
Cushman & Wakefield
12.48
3.79
43.61%
Newmark Group Corporate Events
Executive/Board ChangesShareholder Meetings
Newmark Group Stockholders Approve Directors, Auditor and Pay
Positive
Dec 30, 2025
At Newmark Group, Inc.’s 2025 annual meeting of stockholders held on December 30, 2025, investors voted on the election of directors, ratification of the company’s independent auditor and approval of executive pay. Stockholders re-elec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.