Newmark Group Inc. Class A Common Stock (NMRK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.38	$0.39	+2.6%	—	$888.4M	—
Q1 26	$0.27	$0.33	+22.2%	—	$846.5M	—
Q4 25	$0.66	$0.68	+3.0%	—	$1B	—
Q3 25	$0.41	$0.42	+2.4%	—	$863.5M	—
Q2 25	$0.27	$0.31	+14.8%	—	$759.1M	—
Q1 25	$0.19	$0.21	+10.5%	—	$665.5M	—
Q4 24	$0.48	$0.55	+14.6%	—	$872.7M	—
Q3 24	$0.3	$0.33	+10.0%	—	$685.9M	—
Q2 24	$0.2	$0.22	+10.0%	—	$633.4M	—
Q1 24	$0.15	$0.15	0.0%	—	$546.5M	—
Q4 23	$0.47	$0.46	-2.1%	—	$747.4M	—
Q3 23	$0.26	$0.27	+3.8%	—	$616.3M	—
Q2 23	$0.22	$0.18	-18.2%	—	$585.8M	—
Q1 23	$0.15	$0.15	0.0%	—	$520.8M	—
Q4 22	$0.33	$0.32	-3.0%	—	$607.3M	—
Q3 22	$0.4	$0.35	-12.5%	—	$664.6M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.71	—	—	$3.3B	—
FY24	—	$0.36	—	—	$2.7B	—
FY23	—	$0.25	—	—	$2.5B	—
FY22	—	$0.48	—	—	$2.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.6B	$2B	$2.2B	$1.9B	$2.9B	$2.7B	$2.5B	$2.7B	$3.3B
YoY change	+12.5%	+18.3%	+28.3%	+8.33%	-14.1%	+52.6%	-6.91%	-8.69%	+10.9%	+20.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.3B	1.6B	2B	2.2B	1.9B	2.9B	2.7B	2.5B	2.7B	3.3B
Cost of revenue	850M	987.7M	1.2B	1.3B	—	—	—	—	—	—
Gross profit	500M	608.7M	885.6M	942.1M	—	—	—	—	—	—
Gross margin	37%	38.1%	43.3%	42.5%	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	922.3M	1.1B	1.4B	1.5B	1.3B	2.2B	1.7B	1.6B	1.8B	2.2B
Operating expenses	1.1B	1.4B	1.7B	1.9B	1.6B	2.8B	2.3B	2.2B	2.4B	2.9B
Operating income	152.1M	125.9M	205.3M	165.3M	168.7M	22.1M	283.3M	111.4M	156.4M	234M
Operating margin	11.3%	7.88%	10%	7.45%	8.86%	0.76%	10.5%	4.51%	5.71%	7.1%
Non-operating income, net	15.3M	73.9M	127.3M	81M	15.3M	1.2B	-97.7M	13.9M	6.7M	43M
Pretax income	171.2M	202.6M	282.4M	214.1M	146.3M	1.2B	154.6M	103.5M	131.3M	201.5M
Income tax	4M	57.5M	90.5M	52.4M	37M	243M	42.1M	41.1M	45.8M	46.1M
Net income	167.2M	145.1M	191.9M	161.7M	109.3M	978.1M	112.5M	62.4M	85.5M	155.4M
Net margin	12.4%	9.09%	9.37%	7.29%	5.74%	33.7%	4.16%	2.52%	3.12%	4.72%
EBITDA	224.3M	221.7M	430.3M	377.4M	325.2M	1.4B	351.4M	291.4M	337.3M	415.3M
EPS	1.12	1.08	0.65	0.59	0.39	3.91	0.48	0.25	0.36	0.71
Diluted EPS	0.75	0.85	0.64	0.58	0.39	3.8	0.46	0.24	0.34	0.68

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	616.3M	747.4M	546.5M	633.4M	685.9M	872.7M	665.5M	759.1M	863.5M	1B	846.5M	888.4M
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	400.8M	497.5M	379.6M	403M	441M	560.1M	473.9M	515.2M	591.3M	649.1M	584M	607.8M
Operating expenses	548M	633.8M	525.1M	557.4M	600.6M	724.7M	637.4M	674M	732.8M	835.5M	773.3M	802M
Operating income	26.8M	69.7M	-22.6M	35.1M	40.7M	103.2M	-18.3M	42.5M	85.2M	123.6M	27M	40.4M
Operating margin	4.36%	9.33%	-4.14%	5.54%	5.94%	11.8%	-2.75%	5.6%	9.86%	12.3%	3.18%	4.55%
Non-operating income, net	3.2M	9.7M	-14K	5.6M	321K	733K	750K	230K	42M	45K	644K	16K
Pretax income	22.5M	82.4M	-29.8M	32.5M	33.2M	95.5M	-26M	33.7M	77.2M	116.6M	20M	33M
Income tax	8.4M	29.1M	-3.5M	9M	8.8M	31.4M	-10.1M	4.2M	18.7M	33.2M	3.4M	9.6M
Net income	14.2M	53.3M	-26.3M	23.4M	24.3M	64.1M	-15.9M	29.5M	58.5M	83.4M	16.6M	23.4M
Net margin	2.3%	7.14%	-4.82%	3.7%	3.55%	7.34%	-2.4%	3.89%	6.77%	8.29%	1.96%	2.64%
EBITDA	71.5M	123.3M	21.4M	81.6M	85.6M	148.8M	28.8M	85.4M	130.6M	170.5M	73.2M	86.4M
EPS	0.06	0.21	-0.09	0.08	0.1	0.27	-0.05	0.12	0.26	0.38	0.08	0.11
Diluted EPS	0.06	0.21	-0.09	0.08	0.1	0.26	-0.05	0.11	0.25	0.37	0.08	0.11

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	—	1.3B	3.6B	1.4B	1.9B	2.2B	3.1B	3.1B
Enterprise value	—	—	—	—	3.1B	5.2B	2.6B	3.5B	4B	5B	4.7B
Shares outstanding	150.1M	133.4M	157.3M	177.8M	179.1M	190.2M	180.3M	173.5M	172.2M	178.5M	178.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	11.9	3.64	12.8	30.5	25.8	19.9	15.6
P/S	—	—	—	—	0.69	1.22	0.53	0.77	0.81	0.94	0.85
P/B	—	—	—	—	1.42	2.14	0.94	1.2	1.45	1.78	1.57
EV/EBITDA	—	—	—	—	9.54	3.81	7.44	12	11.9	12	11.4
EV/Sales	—	—	—	—	1.63	1.8	0.97	1.41	1.47	1.51	1.3
Earnings yield	—	—	—	—	8.37%	27.5%	7.83%	3.28%	3.88%	5.02%	6.4%
FCF yield	—	—	—	—	-61.1%	-1.92%	78.9%	-16.9%	-1.95%	4.61%	29.1%
PEG	—	—	—	—	—	—	—	—	—	—	-1.87

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	37%	38.1%	43.3%	42.5%	—	—	—	—	—	—	—
Operating margin	11.3%	7.88%	10%	7.45%	8.86%	0.76%	10.5%	4.51%	5.71%	7.1%	4.93%
Net margin	12.4%	9.09%	9.37%	7.29%	5.74%	33.7%	4.16%	2.52%	3.12%	4.72%	4.11%
ROE	17%	65.3%	18.2%	17.2%	11.9%	58.8%	7.38%	3.95%	5.61%	8.93%	11.1%
ROA	6.6%	6.38%	5.56%	5.05%	2.74%	18.8%	2.86%	1.39%	1.82%	3.1%	2.86%
ROIC	12.6%	5.84%	5.82%	6.82%	4.63%	0.53%	7.64%	2.12%	3.04%	5%	5.43%
Return on tangible assets	17.3%	30%	12.6%	13.8%	6.13%	36.9%	9.15%	3.69%	4.27%	6.98%	7.51%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.05	1.05	1.06	1.03	1.07	1.15	0.68	1.01	1	1.05	1.09
Quick ratio	1.05	1.05	1.06	1.03	1.07	1.15	0.68	1.01	1	1.05	1.09
Debt / equity	0.26	6.75	1.43	1.16	2.2	1.44	0.92	1.11	1.33	1.21	1.3
Debt / assets	0.1	0.66	0.44	0.34	0.51	0.46	0.36	0.39	0.43	0.42	0.44
Net debt / EBITDA	0.85	5.97	3.11	2.36	5.53	1.23	3.34	5.44	5.41	4.51	4.37
Interest coverage	—	—	6.62	7.67	4.88	37.5	5.99	5.76	5.13	7.2	9.42
Effective tax rate	2.33%	28.4%	32%	24.5%	25.3%	19.9%	27.2%	39.7%	34.9%	22.9%	26.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8.99	12	13	12.5	10.6	15.3	15	14.2	15.9	18.5	20
EPS (basic)	1.12	1.08	0.65	0.59	0.39	3.91	0.48	0.25	0.36	0.71	0.71
EPS (diluted)	0.75	0.85	0.64	0.58	0.39	3.8	0.46	0.24	0.34	0.68	0.8
Book value per share	6.55	1.67	6.72	5.29	5.14	8.75	8.46	9.1	8.85	9.75	7.96
FCF per share	-4.52	6.24	-2.27	5.35	-4.45	-0.36	6.29	-1.85	-0.25	0.8	3.17
Cash per share	0.44	1.34	1.09	1.13	1.25	3.76	1.3	0.95	1.15	1.28	1.43
Capex per share	0.18	0.14	0.13	0.19	0.11	0.1	0.34	0.32	0.18	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.02%	1.19%	1.03%	1.56%	1.03%	0.68%	2.3%	2.24%	1.15%	—	—
Capex / operating cash flow	-3.71%	2.49%	-6.53%	3.81%	-2.07%	-157%	6.24%	-15.6%	-28.6%	—	—
Payout ratio	0%	0%	21.8%	42.8%	21.2%	0.78%	15.9%	33.5%	24.1%	14%	18.8%
Dividend yield	—	—	—	—	1.77%	0.21%	1.25%	1.1%	0.94%	0.7%	1.92%

Yield

1.92%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.06

ex-dividend Aug 14, 2026

Payout ratio

19%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.06
May 14, 2026	$0.06
Mar 13, 2026	$0.03
Nov 17, 2025	$0.03
Aug 14, 2025	$0.03
May 14, 2025	$0.03
Mar 3, 2025	$0.03
Nov 21, 2024	$0.03

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$616.3M	$747.4M	$546.5M	$633.4M	$685.9M	$872.7M	$665.5M	$759.1M	$863.5M	$1B	$846.5M	$888.4M
YoY change	-7.28%	+23.1%	+4.93%	+8.11%	+11.3%	+16.8%	+21.8%	+19.9%	+25.9%	+15.3%	+27.2%	+17%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	66.6M	178.7M	171.4M	200.4M	224.7M	715.9M	233.8M	165M	197.7M	229.1M
Receivables	151.2M	210.5M	451.6M	508.4M	376.8M	569.2M	523.7M	622.5M	604.6M	628.4M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	1.5B	825.1M	1.8B	1.1B	1.8B	2.5B	1.1B	1.5B	1.8B	2B
Property, plant & equipment	56.5M	64.8M	78.8M	299.7M	286.8M	742.4M	794.2M	774.4M	667.2M	604.3M
Goodwill & intangibles	1.6B	1.8B	1.9B	2B	2.2B	2.6B	2.7B	2.8B	2.7B	2.8B
Total assets	2.5B	2.3B	3.5B	3.2B	4B	5.2B	3.9B	4.5B	4.7B	5B
Accounts payable	57.5M	79.4M	113.7M	162M	97.3M	223.2M	208.2M	266.5M	272.3M	259.4M
Short-term debt	258M	418.1M	972.4M	273.6M	1.1B	1.3B	782M	605.7M	862.7M	993.8M
Total current liabilities	1.4B	782.6M	1.7B	1B	1.7B	2.2B	1.6B	1.5B	1.8B	1.9B
Long-term debt	—	1.1B	537.9M	817.2M	899M	1.1B	627.1M	1.1B	1.2B	1.1B
Total liabilities	1.6B	2.1B	2.4B	2.3B	3.1B	3.6B	2.4B	2.9B	3.2B	3.3B
Shareholders' equity	983.8M	222.3M	1.1B	940.6M	921.1M	1.7B	1.5B	1.6B	1.5B	1.7B
Total debt	258M	1.5B	1.5B	1.1B	2B	2.4B	1.4B	1.8B	2B	2.1B
Net debt	191.3M	1.4B	1.4B	927.2M	1.8B	2.2B	1.2B	1.6B	1.8B	1.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	143.6M	165M	140.9M	176.4M	178.6M	197.7M	157.1M	195.8M	224.1M	229.1M	212.1M	259.7M
Receivables	528.9M	622.5M	524.4M	552.7M	542.9M	604.6M	560.7M	566.8M	584.8M	628.4M	679.7M	660.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.5B	1.5B	1.4B	1.8B	2B	1.8B	1.8B	2.3B	2.4B	2B	2.3B	2.1B
Property, plant & equipment	782.1M	774.4M	741.8M	705.2M	713.3M	667.2M	672.3M	654.2M	626.5M	604.3M	570.5M	570M
Goodwill & intangibles	2.8B	2.8B	2.7B	2.7B	2.7B	2.7B	2.7B	2.7B	2.7B	2.8B	2.8B	2.8B
Total assets	4.4B	4.5B	4.4B	4.8B	5B	4.7B	4.8B	5.4B	5.5B	5B	5.3B	5.2B
Accounts payable	266M	266.5M	264.8M	264.9M	288.5M	272.3M	259.8M	288.7M	291.9M	259.4M	255.2M	267.2M
Short-term debt	841.8M	605.7M	598.3M	900.2M	1.1B	862.7M	927.3M	1.4B	1.5B	993.8M	1.2B	1B
Total current liabilities	1.6B	1.5B	1.4B	1.7B	2B	1.8B	1.8B	2.3B	2.4B	1.9B	2.1B	1.9B
Long-term debt	1.1B	1.1B	1.2B	1.3B	1.3B	1.2B	1.3B	1.4B	1.2B	1.1B	1.2B	1.3B
Total liabilities	2.9B	2.9B	2.9B	3.2B	3.5B	3.2B	3.3B	3.9B	3.8B	3.3B	3.6B	3.4B
Shareholders' equity	1.5B	1.6B	1.6B	1.5B	1.5B	1.5B	1.5B	1.5B	1.6B	1.7B	1.7B	1.7B
Total debt	1.9B	1.8B	1.8B	2.2B	2.4B	2B	2.2B	2.8B	2.7B	2.1B	2.5B	2.3B
Net debt	1.8B	1.6B	1.7B	2B	2.2B	1.8B	2B	2.6B	2.4B	1.9B	2.2B	2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	167.2M	145.1M	191.9M	161.7M	109.3M	978.1M	112.5M	62.4M	85.5M	155.4M
Depreciation & amortization	72.2M	95.8M	97.7M	131.1M	141.2M	121.7M	165.8M	166.2M	174.3M	181.3M
Stock-based compensation	0	10M	224.6M	258.8M	130.8M	356.3M	138.3M	139.7M	185.4M	282M
Change in working capital	-118.6M	-43.7M	-45.9M	-196.5M	-136M	-350M	-200.3M	-257.8M	-201.7M	-293.5M
Operating cash flow	-735.7M	766.9M	-321.9M	906.2M	-948.2M	-12.6M	996.6M	-354M	-110.3M	172M
Capital expenditure	-27.3M	-19.1M	-21M	-34.5M	-19.6M	-19.7M	-62.2M	-55.4M	-31.5M	—
Investing cash flow	-26.7M	2.4M	10.8M	-63.9M	-3.5M	453.1M	308.6M	-49.7M	-31.8M	-168.7M
Dividends paid	0	0	-41.8M	-69.2M	-23.2M	-7.6M	-17.9M	-20.9M	-20.6M	-21.7M
Share repurchases	0	0	-486K	-37.4M	-6.4M	-290.5M	-294.8M	-37.4M	-212.6M	-127.1M
Financing cash flow	-7.2B	-9.5B	-7.2B	-10.4B	-10.7B	-9.5B	-10.3B	-6.3B	-8.3B	-10.6B
Net change in cash	-7.9B	-8.8B	-7.5B	-9.6B	-11.7B	-9.1B	-9B	-6.7B	-8.4B	-10.6B
Free cash flow	-679.1M	832.5M	-356.5M	950.7M	-797.5M	-68.4M	1.1B	-321.3M	-43.1M	142.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	14.2M	53.3M	-26.3M	23.4M	24.3M	64.1M	-15.9M	29.5M	58.5M	83.4M	16.6M	23.4M
Depreciation & amortization	41.5M	43.9M	44M	40.9M	44.6M	44.9M	46.4M	42.6M	45.5M	46.9M	46.2M	46M
Stock-based compensation	29.5M	54.9M	51.4M	25.5M	48.7M	59.7M	74.3M	60.1M	81.1M	66.4M	68.4M	68.1M
Change in working capital	7.2M	-16.8M	-86.1M	-22.2M	3.8M	-97.1M	-118.1M	-13.7M	-53.2M	-108.5M	-124.8M	-6.8M
Operating cash flow	396.5M	192M	-6.8M	-271.7M	-125.2M	293.5M	-105.1M	-379.7M	112.6M	618.5M	-247.6M	362.5M
Capital expenditure	-10.2M	-11.5M	-7M	-9.3M	-9.2M	-6M	-5.4M	—	—	—	—	—
Investing cash flow	95.3M	-11.5M	-7.4M	-9.3M	-9.2M	-6M	-5.4M	0	0	-5.1M	-2.9M	0
Dividends paid	-5.2M	-5.2M	-5.2M	-5.2M	-5.1M	-5.1M	-5.4M	-5.5M	-5.3M	-5.4M	-5.4M	-10.7M
Share repurchases	-18.9M	-5.2M	-37.2M	-55.5M	-89.6M	-30.4M	0	-125.5M	0	-1.5M	-136.3M	-14.8M
Financing cash flow	-2.3B	-2B	-1.5B	-1B	-1.8B	-3.9B	-1.5B	-1.3B	-3.3B	-4.6B	-2.2B	-2.5B
Net change in cash	-1.8B	-1.8B	-1.5B	-1.3B	-1.9B	-3.7B	-1.6B	-1.6B	-3.2B	-4B	-2.4B	-2.1B
Free cash flow	403.4M	208.4M	-75.8M	-267.8M	-95.9M	396.4M	-184.8M	-386.2M	104.9M	608.8M	-257.8M	341.7M

Newmark Group Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement