NMRKNasdaqReal Estate Agents & Managers (For Others)Fiscal year ends December 31
NEWMARK GROUP, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$11.29−0.56 (-4.76%)
Close on Oct 19, 2026
- Market cap
- $2.84B
- P/E (TTM)
- 15.9
- Dividend yield
- 1.06%
Margins
Share of revenue, fiscal years 2016 to 2025
Operating margin
7.1%−2.6 pts over 5 years
Net margin
3.8%−1.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +20.3% | +6.8% | +11.6% | – | |
| Operating income | +43.5% | +8.0% | +4.9% | – | |
| Net income | +47.6% | +3.9% | +2.9% | – | |
| EPS, diluted | +100.0% | +14.8% | +11.8% | – | |
| Free cash flow | – | -49.9% | – | – | |
| Dividend per share | 0.0% | +6.3% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 17.4% | 9.5% | |
| Return on assets | – | 3.0% | 2.6% | |
| Current ratio | – | 1.07 | 1.05 | |
| Debt to equity | – | 1.04 | 0.46 | |
| Net debt to EBITDA | – | 1.30× | 1.07× | |
| Capex to revenue | 2.0% | 1.0% | 0.9% | |
| Diluted shares | – | 180M | 253M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Newmark generated $1.69B from operations and spent $1.16B on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
Generated
$1.69B
Used
$1.16B
Capital expenditure$198.15M17%Dividends$00%Share buybacks$962.41M83%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.8%
×Asset turnover0.68×
×Equity multiplier3.65×
=Return on equity, FY20259.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.8% | 0.68× | 3.65× | 9.5% |
| FY2024 | 3.1% | 0.60× | 3.73× | 7.0% |
| FY2023 | 2.5% | 0.59× | 3.46× | 5.1% |
| FY2022 | 4.2% | 0.59× | 3.72× | 9.2% |
| FY2021 | 33.7% | 0.63× | 4.76× | 101.2% |
| FY2020 | 5.7% | 0.53× | 5.73× | 17.4% |
| FY2019 | 5.3% | 0.67× | 5.70× | 20.1% |
| FY2018 | 5.2% | 0.72× | 6.92× | 25.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$126.19M
- Cash generatingOperating cash flow above zero$172.00M
- Return on assets improvedROA up on the prior year1.9% → 2.7%
- Earnings backed by cashOperating cash flow above net income$172.00M vs $126.19M
- Less leverageLong-term debt to assets fell14.2% → 13.4%
- Better liquidityCurrent ratio rose1.00 → 1.05
- No dilutionShare count did not rise178M → 253M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.61 → 0.70