Newmark Group, Inc. (NMRK) AI Stock Analysis

Newmark Group, Inc. operates as a provider of comprehensive commercial real estate services both domestically and globally. The company offers investor and owner solutions including capital markets investment, debt and structured finance, loan sales, agency leasing, property management, valuation, and advisory services. It also engages in government sponsored enterprise lending, loan servicing, mortgage broking, and equity raising. For occupiers, Newmark provides tenant representation, workplace strategy, project management, and global corporate consulting. With approximately 160 offices across four continents, the company serves commercial real estate tenants, investors, owners, developers, and lenders worldwide.

Newmark Group increased annual revenue from $2.91B in FY2021 to $3.34B in FY2025, reflecting a 5-year revenue CAGR of 11.9% from FY2020 to FY2025. Following revenue contractions of 6.9% in FY2022 and 8.7% in FY2023, top-line growth rebounded to 10.9% in FY2024 and 21.9% in FY2025. Operating margin was 7.0% in FY2025, down from 43.2% in FY2021, while net income rose to $126.2M. For the latest quarter ended June 30, 2026, quarterly revenue grew 17.0% year-over-year, while quarterly earnings declined 5.4%. Over the trailing twelve months, revenue reached $3.60B with a profit margin of 4.1% and diluted EPS of $0.79.

As of June 30, 2026, Newmark held $259.7M in cash and short-term investments alongside total debt of $2.17B, resulting in net debt of $1.91B. Shareholders' equity stood at $1.45B against total assets of $5.19B, leading to a debt-to-equity ratio of 1.50 and a current ratio of 1.09. In FY2025, operating cash flow was $172.0M and free cash flow was $142.6M. Capital allocation in FY2025 included $29.4M in capital expenditures, $127.1M for share buybacks, and $21.7M in dividends paid.

At $11.86, Newmark trades at a trailing P/E of 15.0x and a forward P/E of 5.7x, compared to the median of its US-listed Real Estate peers of 21.6x and 23.5x, respectively. Its price-to-sales ratio of 0.8x and EV/EBITDA of 9.5x also trade below the peer group medians of 3.7x and 14.7x. The company has an enterprise value of $4.39B against a market cap of $2.90B. Over the past year, the stock fell 33.4%, underperforming the S&P 500 (SPY) return of 16.8%.

Newmark pays a forward annual dividend of $0.24 per share, translating to a dividend yield of 2.02%. The company has maintained quarterly payouts for 9 consecutive years, supported by a payout ratio of 9.9%. Over the past 5 years, dividend growth annualized at -1.6%, and the most recent ex-dividend date was August 14, 2026.

Wall Street coverage includes 2 Strong Buy, 4 Buy, and 1 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target is $18.33, implying 54.6% upside from the last close of $11.86. Consensus estimates project FY2026 revenue of $3.81B and EPS of $1.94, followed by $4.13B in revenue and $2.17 in EPS for FY2027. Newmark has beaten EPS estimates in 3 of the last 4 quarters, with its next earnings release scheduled for October 29, 2026.

This page is an AI-written research summary of Newmark Group, Inc. (NMRK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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