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Newmark Group, Inc. (NMRK) 10-Year Financial Performance & Capital Metrics

NMRK • • REIT / Real Estate
Real EstateReal Estate ServicesCommercial Real Estate ServicesGlobal Commercial Services
AboutNewmark 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; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services. Its occupier services and products comprise tenant representation; real estate management technology systems; workplace and occupancy strategy; global corporate consulting; project management; account and transaction management; and lease administration and facilities management services. The company provides its services to commercial real estate tenants, investors, owners, occupiers, and developers, as well as lenders and multi-national corporations. As of December 31, 2021, it operated approximately 160 offices on four continents. The company was formerly known as Newmark Knight Frank 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.Show more
  • Revenue $2.74B +10.9%
  • FFO $236M +12.8%
  • FFO/Share 1.33 +12.0%
  • FFO Payout 8.76% -12.5%
  • FFO per Share 1.33 +12.0%
  • NOI Margin 100%
  • FFO Margin 8.6% +1.8%
  • ROE 3.95% +43.9%
  • ROA 1.33% +31.8%
  • Debt/Assets 42.96% +9.7%
  • Net Debt/EBITDA 5.41 -0.6%
  • Book Value/Share 8.58 -4.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 24.4% TTM
  • ✓Sustainable FFO payout ratio of 8.8%
  • ✓High NOI margin of 100.0%

✗Weaknesses

  • ✗Weak 3Y average ROE of 4.0%
  • ✗Profits declining 12.2% over 5 years
  • ✗Weak Piotroski F-Score: 3/9

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y4.31%
3Y-1.96%
TTM20.95%

Profit (Net Income) CAGR

10Y-
5Y-12.19%
3Y-56.63%
TTM97.87%

EPS CAGR

10Y-
5Y-10.13%
3Y-55.27%
TTM72.53%

ROCE

10Y Avg13.58%
5Y Avg14.54%
3Y Avg5.7%
Latest5.52%

Peer Comparison

Global Commercial Services
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CBRECBRE Group, Inc.50.84B170.8354.4011.95%3.12%13.21%2.93%0.62
NMRKNewmark Group, Inc.2.79B17.5251.5310.85%3.28%6.4%1.33
CIGIColliers International Group Inc.7.32B147.4945.8011.23%2.15%4.31%3.57%0.83
JLLJones Lang LaSalle Incorporated16.71B354.0131.3312.87%2.49%8.66%3.59%0.43
CWKCushman & Wakefield plc3.95B17.0730.48-0.5%2.23%11.41%4.22%1.89

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+1.2B1.35B1.6B2.05B2.22B1.9B2.91B2.71B2.47B2.74B
Revenue Growth %-0.12%0.18%0.28%0.08%-0.14%0.53%-0.07%-0.09%0.11%
Property Operating Expenses0000000000
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+1.21B1.18B1.4B1.71B1.97B1.72B1.65B2.52B2.35B2.58B
G&A Expenses1.14B1.13B1.37B1.74B1.92B1.59B2.76B2.24B2.19B2.41B
EBITDA+60.54M239.62M295.6M430.32M377.38M317.89M1.38B351.38M291.44M337.34M
EBITDA Margin %----------
Depreciation & Amortization+71.77M72.2M95.81M97.73M131.14M133.89M121.73M165.82M166.22M174.3M
D&A / Revenue %----------
Operating Income+-11.24M167.42M199.79M332.59M246.24M184M1.25B185.57M125.22M163.04M
Operating Margin %----------
Interest Expense+00050.2M32.09M37.73M33.47M30.97M21.74M31.77M
Interest Coverage---6.62x7.67x4.88x37.48x5.99x5.76x5.13x
Non-Operating Income-460K15.28M73.93M0014.09M0000
Pretax Income+-9.37M171.21M202.57M282.38M214.15M146.27M1.22B154.6M103.48M131.27M
Pretax Margin %----------
Income Tax+-6.64M3.99M57.48M90.49M52.44M36.99M242.96M42.05M41.1M45.78M
Effective Tax Rate %----------
Net Income+-2.8M168.4M144.49M106.73M117.31M80.06M750.73M83.28M42.58M61.23M
Net Margin %----------
Net Income Growth %-61.08%-0.14%-0.26%0.1%-0.32%8.38%-0.89%-0.49%0.44%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %-2.49%-0%-0.15%0.22%-0.14%3.08%-0.71%-0.16%0.13%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+-0.010.750.850.640.580.393.800.450.240.34
EPS Growth %-61.08%0.14%-0.25%-0.09%-0.33%8.74%-0.88%-0.47%0.42%
EPS (Basic)-0.021.121.080.650.590.393.910.460.250.36
Diluted Shares Outstanding225.16M225.16M138.4M163.81M185.02M179.69M195.81M245.18M176.38M177.69M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+1.66B2.53B2.27B3.45B3.2B3.98B5.22B3.94B4.47B4.71B
Asset Growth %-0.53%-0.1%0.52%-0.07%0.24%0.31%-0.24%0.13%0.05%
Real Estate & Other Assets+94.33M186.55M211.85M350.72M617.53M666.2M487.31M520.44M694.57M813.2M
PP&E (Net)25.79M56.45M64.82M78.81M299.68M286.84M742.39M794.23M774.4M667.19M
Investment Securities1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Total Current Assets+826.92M1.48B825.1M1.76B1.07B1.82B2.52B1.08B1.51B1.77B
Cash & Equivalents111.43M66.63M121.03M122.47M163.56M191.45M191.33M233.02M164.89M197.69M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets417.44M1.14B423.27M1.12B349.54M1.2B1.16B236.8M635.16M895.27M
Intangible Assets291.02M370.13M417.55M447.58M458.87M539.02M626.5M649.52M614.83M582.05M
Total Liabilities853.9M1.55B2.03B2.37B2.24B3.04B3.55B2.42B2.89B3.19B
Total Debt+359.63M257.97M1.5B1.51B1.09B2.02B2.4B1.41B1.75B2.02B
Net Debt248.2M191.34M1.38B1.39B927.24M1.83B2.21B1.18B1.59B1.83B
Long-Term Debt001.08B537.93M589.29M680.38M545.24M0547.26M670.67M
Short-Term Borrowings1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Capital Lease Obligations0021.1M26.17M255.13M248.1M668.03M723.95M705.13M598.27M
Total Current Liabilities+726.02M1.41B782.59M1.66B1.05B1.71B2.19B1.58B1.49B1.78B
Accounts Payable48.73M57.49M79.38M113.71M161.99M97.3M223.16M208.17M266.49M272.32M
Deferred Revenue293.89M1.06B230.01M358.88M000000
Other Liabilities103.42M96.19M121.92M119.29M376.83M436.95M218.09M207.71M251.6M238.67M
Total Equity+804.03M983.78M205.32M1.57B962.14M941.19M1.66B1.52B1.58B1.52B
Equity Growth %-0.22%-0.79%6.66%-0.39%-0.02%0.77%-0.08%0.04%-0.03%
Shareholders Equity800.19M981.78M243.41M1.08B599.66M655.05M1.28B1.18B1.25B1.21B
Minority Interest3.84M2.01M-38.09M489.23M362.48M286.14M386.27M343.53M325.75M318.64M
Common Stock800.19M981.78M1.54M1.78M1.82M1.89M2.15M2.22M2.31M2.46M
Additional Paid-in Capital0059.37M285.07M318.17M351.45M487.45M584.71M657.74M753M
Retained Earnings0245.88M199.49M277.95M313.11M342.76M1.08B1.15B1.17B1.21B
Preferred Stock0021.1M515.4M000000
Return on Assets (ROA)-0%0.08%0.06%0.04%0.04%0.02%0.16%0.02%0.01%0.01%
Return on Equity (ROE)-0%0.19%0.24%0.12%0.09%0.08%0.58%0.05%0.03%0.04%
Debt / Assets0.22%0.1%0.66%0.44%0.34%0.51%0.46%0.36%0.39%0.43%
Debt / Equity0.45x0.26x7.31x0.96x1.13x2.15x1.44x0.92x1.11x1.33x
Net Debt / EBITDA4.10x0.80x4.67x3.23x2.46x5.76x1.61x3.35x5.44x5.41x
Book Value per Share3.574.371.489.605.205.248.506.228.958.58

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+387.15M-646.34M852.22M-332.37M986.76M-777.69M-48.71M1.2B-265.96M-9.94M
Operating CF Growth %--2.67%2.32%-1.39%3.97%-1.79%0.94%25.56%-1.22%0.96%
Operating CF / Revenue %----------
Net Income-2.73M167.21M145.1M191.9M161.71M109.28M978.13M112.55M62.38M85.49M
Depreciation & Amortization71.77M72.2M95.81M97.73M131.14M141.19M121.73M165.82M166.22M174.3M
Stock-Based Compensation154.29M88.2M10M224.64M258.84M130.76M356.35M138.31M139.75M185.4M
Other Non-Cash Items404.41M-829.6M554.9M-817.13M635.98M-997.32M-1.27B1.01B-368.21M-232.7M
Working Capital Changes-75.2M-53.91M2.03M-45.9M-173.06M-162.02M-349.61M-205.55M-260.9M-223.47M
Cash from Investing+-18.74M-34.42M379K7.74M-56.79M-3.6M453.09M308.63M-49.74M-33.43M
Acquisitions (Net)2.65M518K2.79M-34.51M-33.94M-5.85M-69.75M-64.25M-99.89M0
Purchase of Investments00-2.79M-29.5M-28M-12.75M-8.5M-2.75M0-312K
Sale of Investments001000K1000K1000K1000K1000K1000K1000K0
Other Investing-9.26M-7.68M2.79M63.27M8.56M90K000-1.61M
Cash from Financing+-351.12M635.95M-798.2M338.66M-895.51M817.82M-396.28M-1.46B261.46M89.53M
Dividends Paid00-190.88M-41.79M-69.25M-23.17M-7.63M-17.93M-20.91M-20.62M
Common Dividends00-101.73M-41.79M-69.25M-23.17M-7.63M-17.93M-20.91M-20.62M
Debt Issuance (Net)-1000K1000K-1000K-1000K-1000K1000K-1000K-1000K1000K1000K
Share Repurchases000-486K-37.37M-6.36M-290.54M-294.8M-37.43M-212.57M
Other Financing67.43M-13.07M443.89M999.54M-111.52M-90.74M-54.33M-92.49M-41.43M-57.96M
Net Change in Cash+17.3M-44.8M54.4M14.03M34.47M36.53M8.1M46.45M-54.25M46.16M
Exchange Rate Effect000-1000K000000
Cash at Beginning94.13M111.43M66.63M173.37M187.41M221.87M258.4M266.5M312.95M258.71M
Cash at End111.43M66.63M121.03M187.41M221.87M258.4M266.5M312.95M258.71M304.87M
Free Cash Flow+365.76M-681.27M831.09M-356.49M950.75M-797.52M-68.43M1.13B-321.32M-43.05M
FCF Growth %--2.86%2.22%-1.43%3.67%-1.84%0.91%17.57%-1.28%0.87%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share0.311.071.741.251.341.194.461.021.181.33
FFO Payout Ratio0%0%42.33%20.44%27.87%10.83%0.87%7.2%10.01%8.76%
NOI Margin100%100%100%100%100%100%100%100%100%100%
Net Debt / EBITDA4.10x0.80x4.67x3.23x2.46x5.76x1.61x3.35x5.44x5.41x
Debt / Assets21.69%10.18%66.05%43.72%34.07%50.8%46.09%35.76%39.16%42.96%
Interest Coverage---6.62x7.67x4.88x37.48x5.99x5.76x5.13x
Book Value / Share3.574.371.489.65.25.248.56.228.958.58
Revenue Growth-12.48%18.26%28.26%8.33%-14.12%52.57%-6.91%-8.69%10.85%

Revenue by Segment

2018201920202021202220232024
Leasing And Other Commissions817.43M854.78M513.84M826.94M831.87M839.6M857.62M
Leasing And Other Commissions Growth-4.57%-39.89%60.93%0.60%0.93%2.15%
Management Services----692.96M733.59M833M
Management Services Growth-----5.86%13.55%
Investment Advice----606.42M381.28M417.68M
Investment Advice Growth------37.13%9.55%
Servicing Fees And Other-----237.29M273.7M
Servicing Fees And Other Growth------15.34%
Mortgage Brokerage And Debt Placement----173.25M126.93M164.69M
Mortgage Brokerage And Debt Placement Growth------26.73%29.74%
Servicing-----82.08M100.17M
Servicing Growth------22.04%
Capital Markets Commissions--454.11M938.3M---
Capital Markets Commissions Growth---106.63%---
Management Services Servicing Fees And Other578.98M624.01M626.14M915.72M---
Management Services Servicing Fees And Other Growth-7.78%0.34%46.25%---
Gains From Mortgage Banking Activities Origination Net182.26M198.09M310.91M225.48M---
Gains From Mortgage Banking Activities Origination Net Growth-8.68%56.96%-27.48%---
Capital Markets468.9M541.25M-----
Capital Markets Growth-15.43%-----

Revenue by Geography

2018201920202021202220232024
UNITED STATES-----2.16B2.38B
UNITED STATES Growth------9.91%
UNITED KINGDOM-----154.38M210.57M
UNITED KINGDOM Growth------36.40%
Other Geographical Areas-----154.9M152.58M
Other Geographical Areas Growth-------1.49%

Frequently Asked Questions

Valuation & Price

Newmark Group, Inc. (NMRK) has a price-to-earnings (P/E) ratio of 51.5x. This suggests investors expect higher future growth.

Growth & Financials

Newmark Group, Inc. (NMRK) reported $3.16B in revenue for fiscal year 2024. This represents a 163% increase from $1.20B in 2015.

Newmark Group, Inc. (NMRK) grew revenue by 10.9% over the past year. This is steady growth.

Yes, Newmark Group, Inc. (NMRK) is profitable, generating $103.6M in net income for fiscal year 2024 (2.2% net margin).

Dividend & Returns

Yes, Newmark Group, Inc. (NMRK) pays a dividend with a yield of 0.66%. This makes it attractive for income-focused investors.

Newmark Group, Inc. (NMRK) has a return on equity (ROE) of 3.9%. This is below average, suggesting room for improvement.

Industry Metrics

Newmark Group, Inc. (NMRK) generated Funds From Operations (FFO) of $280.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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