Real Estate - Services
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NMRK vs CBRE vs JLL
Revenue, margins, valuation, and 5-year total return — side by side.
Real Estate - Services
Real Estate - Services
NMRK vs CBRE vs JLL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Real Estate - Services | Real Estate - Services | Real Estate - Services |
| Market Cap | $3.01B | $41.79B | $14.76B |
| Revenue (TTM) | $3.29B | $42.17B | $26.76B |
| Net Income (TTM) | $126M | $1.31B | $896M |
| Gross Margin | 98.6% | 35.0% | 89.4% |
| Operating Margin | 7.1% | 3.8% | 4.6% |
| Forward P/E | 8.7x | 18.6x | 14.1x |
| Total Debt | $2.00B | $9.99B | $3.36B |
| Cash & Equiv. | $349M | $1.86B | $599M |
NMRK vs CBRE vs JLL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Newmark Group, Inc. (NMRK) | 100 | 384.2 | +284.2% |
| CBRE Group, Inc. (CBRE) | 100 | 324.2 | +224.2% |
| Jones Lang LaSalle … (JLL) | 100 | 310.7 | +210.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NMRK vs CBRE vs JLL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NMRK carries the broadest edge in this set and is the clearest fit for growth exposure and valuation efficiency.
- Rev growth 21.9%, EPS growth 100.0%, 3Y rev CAGR 7.2%
- PEG 0.74 vs CBRE's 1.60
- 21.9% FFO/revenue growth vs JLL's 11.4%
CBRE is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 1.12
- 382.3% 10Y total return vs JLL's 181.1%
- Beta 1.12 vs NMRK's 1.58, lower leverage
JLL is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 1.26, Low D/E 44.1%, current ratio 7.49x
- Beta 1.26, current ratio 7.49x
- 5.1% ROA vs NMRK's 2.4%, ROIC 8.9% vs 5.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% FFO/revenue growth vs JLL's 11.4% | |
| Value | Lower P/E (8.7x vs 18.6x), PEG 0.74 vs 1.60 | |
| Quality / Margins | 3.8% margin vs CBRE's 3.1% | |
| Stability / Safety | Beta 1.12 vs NMRK's 1.58, lower leverage | |
| Dividends | 0.5% yield; the other 2 pay no meaningful dividend | |
| Momentum (1Y) | +47.9% vs CBRE's +13.2% | |
| Efficiency (ROA) | 5.1% ROA vs NMRK's 2.4%, ROIC 8.9% vs 5.2% |
NMRK vs CBRE vs JLL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NMRK vs CBRE vs JLL — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NMRK leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CBRE is the larger business by revenue, generating $42.2B annually — 12.8x NMRK's $3.3B. Profitability is closely matched — net margins range from 3.8% (NMRK) to 3.1% (CBRE). On growth, CBRE holds the edge at +18.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $3.3B | $42.2B | $26.8B |
| EBITDAEarnings before interest/tax | $415M | $2.3B | $1.5B |
| Net IncomeAfter-tax profit | $126M | $1.3B | $896M |
| Free Cash FlowCash after capex | $155M | $897M | $971M |
| Gross MarginGross profit ÷ Revenue | +98.6% | +35.0% | +89.4% |
| Operating MarginEBIT ÷ Revenue | +7.1% | +3.8% | +4.6% |
| Net MarginNet income ÷ Revenue | +3.8% | +3.1% | +3.3% |
| FCF MarginFCF ÷ Revenue | +4.7% | +2.1% | +3.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.3% | +18.1% | +11.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +146.7% | +98.1% | +192.1% |
Valuation Metrics
JLL leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 19.4x trailing earnings, JLL trades at a 48% valuation discount to CBRE's 37.0x P/E. Adjusting for growth (PEG ratio), JLL offers better value at 1.19x vs CBRE's 3.18x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $3.0B | $41.8B | $14.8B |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $49.9B | $17.5B |
| Trailing P/EPrice ÷ TTM EPS | 24.01x | 37.03x | 19.40x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.65x | 18.62x | 14.11x |
| PEG RatioP/E ÷ EPS growth rate | 2.04x | 3.18x | 1.19x |
| EV / EBITDAEnterprise value multiple | 11.23x | 24.23x | 12.29x |
| Price / SalesMarket cap ÷ Revenue | 0.90x | 1.03x | 0.57x |
| Price / BookPrice ÷ Book value/share | 2.36x | 4.45x | 2.02x |
| Price / FCFMarket cap ÷ FCF | 21.12x | 35.03x | 15.08x |
Profitability & Efficiency
JLL leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CBRE delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $8 for NMRK. JLL carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to NMRK's 1.14x. On the Piotroski fundamental quality scale (0–9), JLL scores 8/9 vs CBRE's 6/9, reflecting strong financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | +7.8% | +14.3% | +12.1% |
| ROA (TTM)Return on assets | +2.4% | +4.5% | +5.1% |
| ROICReturn on invested capital | +5.2% | +6.2% | +8.9% |
| ROCEReturn on capital employed | +6.6% | +7.7% | +8.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 | 8 |
| Debt / EquityFinancial leverage | 1.14x | 1.04x | 0.44x |
| Net DebtTotal debt minus cash | $1.7B | $8.1B | $2.8B |
| Cash & Equiv.Liquid assets | $349M | $1.9B | $599M |
| Total DebtShort + long-term debt | $2.0B | $10.0B | $3.4B |
| Interest CoverageEBIT ÷ Interest expense | 7.20x | 8.15x | 10.15x |
Total Returns (Dividends Reinvested)
NMRK leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JLL five years ago would be worth $16,924 today (with dividends reinvested), compared to $15,587 for NMRK. Over the past 12 months, NMRK leads with a +47.9% total return vs CBRE's +13.2%. The 3-year compound annual growth rate (CAGR) favors NMRK at 41.8% vs CBRE's 24.1% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -3.6% | -11.0% | -5.3% |
| 1-Year ReturnPast 12 months | +47.9% | +13.2% | +36.6% |
| 3-Year ReturnCumulative with dividends | +185.3% | +91.2% | +134.7% |
| 5-Year ReturnCumulative with dividends | +55.9% | +67.8% | +69.2% |
| 10-Year ReturnCumulative with dividends | +26.5% | +382.3% | +181.1% |
| CAGR (3Y)Annualised 3-year return | +41.8% | +24.1% | +32.9% |
Risk & Volatility
Evenly matched — CBRE and JLL each lead in 1 of 2 comparable metrics.
Risk & Volatility
CBRE is the less volatile stock with a 1.12 beta — it tends to amplify market swings less than NMRK's 1.58 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JLL currently trades 87.6% from its 52-week high vs CBRE's 81.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.58x | 1.12x | 1.26x |
| 52-Week HighHighest price in past year | $19.84 | $174.27 | $363.06 |
| 52-Week LowLowest price in past year | $10.20 | $118.81 | $211.86 |
| % of 52W HighCurrent price vs 52-week peak | +82.3% | +81.8% | +87.6% |
| RSI (14)Momentum oscillator 0–100 | 49.1 | 42.3 | 42.2 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 1.9M | 428K |
Analyst Outlook
JLL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: NMRK as "Buy", CBRE as "Buy", JLL as "Buy". Consensus price targets imply 28.6% upside for NMRK (target: $21) vs 20.3% for JLL (target: $383). NMRK is the only dividend payer here at 0.52% yield — a key consideration for income-focused portfolios.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $21.00 | $179.75 | $382.75 |
| # AnalystsCovering analysts | 11 | 20 | 12 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — | — |
| Dividend StreakConsecutive years of raises | 0 | 1 | 9 |
| Dividend / ShareAnnual DPS | $0.09 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +4.2% | +2.3% | +1.4% |
JLL leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). NMRK leads in 2 (Income & Cash Flow, Total Returns). 1 tied.
NMRK vs CBRE vs JLL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NMRK or CBRE or JLL a better buy right now?
For growth investors, Newmark Group, Inc.
(NMRK) is the stronger pick with 21. 9% revenue growth year-over-year, versus 11. 4% for Jones Lang LaSalle Incorporated (JLL). Jones Lang LaSalle Incorporated (JLL) offers the better valuation at 19. 4x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate Newmark Group, Inc. (NMRK) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NMRK or CBRE or JLL?
On trailing P/E, Jones Lang LaSalle Incorporated (JLL) is the cheapest at 19.
4x versus CBRE Group, Inc. at 37. 0x. On forward P/E, Newmark Group, Inc. is actually cheaper at 8. 7x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Newmark Group, Inc. wins at 0. 74x versus CBRE Group, Inc. 's 1. 60x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — NMRK or CBRE or JLL?
Over the past 5 years, Jones Lang LaSalle Incorporated (JLL) delivered a total return of +69.
2%, compared to +55. 9% for Newmark Group, Inc. (NMRK). Over 10 years, the gap is even starker: CBRE returned +382. 3% versus NMRK's +26. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NMRK or CBRE or JLL?
By beta (market sensitivity over 5 years), CBRE Group, Inc.
(CBRE) is the lower-risk stock at 1. 12β versus Newmark Group, Inc. 's 1. 58β — meaning NMRK is approximately 41% more volatile than CBRE relative to the S&P 500. On balance sheet safety, Jones Lang LaSalle Incorporated (JLL) carries a lower debt/equity ratio of 44% versus 114% for Newmark Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — NMRK or CBRE or JLL?
By revenue growth (latest reported year), Newmark Group, Inc.
(NMRK) is pulling ahead at 21. 9% versus 11. 4% for Jones Lang LaSalle Incorporated (JLL). On earnings-per-share growth, the picture is similar: Newmark Group, Inc. grew EPS 100. 0% year-over-year, compared to 22. 6% for CBRE Group, Inc.. Over a 3-year CAGR, CBRE leads at 9. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NMRK or CBRE or JLL?
Newmark Group, Inc.
(NMRK) is the more profitable company, earning 3. 8% net margin versus 2. 9% for CBRE Group, Inc. — meaning it keeps 3. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NMRK leads at 7. 0% versus 3. 2% for CBRE. At the gross margin level — before operating expenses — JLL leads at 99. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NMRK or CBRE or JLL more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Newmark Group, Inc. (NMRK) is the more undervalued stock at a PEG of 0. 74x versus CBRE Group, Inc. 's 1. 60x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Newmark Group, Inc. (NMRK) trades at 8. 7x forward P/E versus 18. 6x for CBRE Group, Inc. — 10. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NMRK: 28. 6% to $21. 00.
08Which pays a better dividend — NMRK or CBRE or JLL?
In this comparison, NMRK (0.
5% yield) pays a dividend. CBRE, JLL do not pay a meaningful dividend and should not be held primarily for income.
09Is NMRK or CBRE or JLL better for a retirement portfolio?
For long-horizon retirement investors, CBRE Group, Inc.
(CBRE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 12), +382. 3% 10Y return). Both have compounded well over 10 years (CBRE: +382. 3%, JLL: +181. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NMRK and CBRE and JLL?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NMRK is a small-cap high-growth stock; CBRE is a mid-cap quality compounder stock; JLL is a mid-cap quality compounder stock. NMRK pays a dividend while CBRE, JLL do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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