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Commercial real estate services firm offering brokerage, capital markets advisory, valuation and property management.
Commercial real estate services firm offering brokerage, capital markets advisory, valuation and property management.
Earns commissions on leasing and sales of commercial properties and on arranging financing, so revenue rises and falls with transaction activity, while property and facilities management, valuation and loan servicing give a steadier base. It was split off from BGC Partners in 2018 and remains controlled by Cantor Fitzgerald and its affiliates.
Moat: narrow (brand, scale). An established broker network and Cantor Fitzgerald ties help win large capital-markets mandates.
Headquarters: New York, New York, US · Founded: 2011 · Employees: 8,800
Size Newmark (NMRK) is a United States Real Estate company (Real Estate Development) with a market value of $2.16B, the 1746th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.91 on 6 Nov 2026.
Performance Over six months the shares fell 28.8%, against -5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 16.5% over the last twelve months (peer median +8.2%); the operating margin is 7.5% (peer median 28.9%).
Valuation It trades at 6.1× forward earnings against a peer median of 13.6× (2nd cheapest of 18).
Backlog Backlog (remaining performance obligations) was $151M at 30 Sep 2026, down 8% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Newmark has 1 bond outstanding ($475M), rated BBB- by the agencies and trading like BB- at a weighted spread of 173 bp.
Short interest Short interest is 4.3% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.71B | $3.32B | $2.73B | $2.45B | $2.62B |
| Revenue growth | — | +22% | +11% | -6% | — |
| EBITDA | $460M | $415M | $337M | $277M | $365M |
| Net income | $151M | $126M | $61.2M | $42.6M | $83.3M |
| Free cash flow | n/a | $143M | -$41.4M | -$321M | $1.13B |
| Capital expenditure | n/a | $29.4M | $33.1M | $55.4M | $62.2M |
| Total debt | $2.61B | $2.10B | $2.02B | $1.76B | $1.42B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Newmark NMRK | $2.16B | -29% | +16% | 7% | 6.1× | n/a |
| CBRE CBRE | $39.1B | -7% | +14% | 3% | 16.3× | n/a |
| Jones Lang LaSalle JLL | $16.9B | +12% | +11% | 5% | 13.4× | n/a |
| Cushman & Wakefield CWK | $3.28B | -2% | +10% | 4% | 8.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NMRK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | +1.4% | 4th lowest of 21 |
| 6-month return | -28.8% | -5.4% | 2nd lowest of 21 |
| Distance from 52-week high | -34.7% | -23.6% | 5th lowest of 21 |
| Revenue growth (TTM) | +16.5% | +8.2% | 5th highest of 21 |
| Operating margin | 7.5% | 28.9% | 5th lowest of 21 |
| Forward P/E | 6.1× | 13.6× | 2nd cheapest of 18 |
| Bond spread | 173 bp | 164 bp | 3rd widest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Newmark NMRK | United States | $2.16B | -29% | +16% | 7% | 6.1× | n/a | n/a |
| Hysan Development 0014.HK | Hong Kong | $2.16B | -20% | -2% | 72% | 7.5× | n/a | n/a |
| Hang Lung 0010.HK | Hong Kong | $2.14B | -25% | +9% | 53% | n/a | n/a | n/a |
| Lumo Homes LUMO.HE | Finland | $2.14B | -3% | +1% | 59% | 15.8× | n/a | n/a |
| Sirius Real Estate SRE.L | United Kingdom | $2.14B | +1% | +13% | 41% | 13.6× | n/a | n/a |
| Hufvudstaden HUFV-A.ST | Sweden | $2.14B | -5% | -4% | 47% | 20.9× | n/a | n/a |
| Green Development Electricity Group of Tianjin 000537.SZ | China | $2.19B | -28% | +13% | 31% | 37.3× | n/a | n/a |
| Country Garden Services 6098.HK | Hong Kong | $2.13B | -21% | +11% | 4% | 7.0× | n/a | n/a |
| Winnovation Culturaltainment Development Limited 000620.SZ | China | $2.12B | -6% | +14% | -39% | 66.0× | n/a | n/a |
| Investis IREN.SW | Switzerland | $2.26B | -2% | +10% | 67% | 32.9× | n/a | n/a |
| Altarea SCA ALTA.PA | France | $2.05B | -31% | -20% | 9% | 9.9× | n/a | n/a |
| Wihlborgs Fastigheter WIHL.ST | Sweden | $2.28B | -14% | +7% | 70% | 10.8× | n/a | n/a |
| Neinor Homes HOME.MC | Spain | $2.04B | +10% | +165% | 10% | 13.0× | n/a | n/a |
| Relo 8876.T | Japan | $2.30B | +21% | +7% | 20% | 15.5× | n/a | n/a |
| Fabege FABG.ST | Sweden | $2.02B | -16% | +27% | 59% | 14.7× | n/a | n/a |
| Nanjing Gaoke 600064.SS | China | $2.00B | -4% | +4% | -18% | 5.8× | n/a | n/a |
| Leopalace21 8848.T | Japan | $1.99B | +52% | +3% | 8% | 13.0× | n/a | n/a |
| China Enterprise 600675.SS | China | $1.98B | -15% | -35% | 4% | n/a | n/a | n/a |
| Metrovacesa MVC.MC | Spain | $1.95B | -5% | +58% | 13% | 26.4× | n/a | n/a |
| Argan ARG.PA | France | $1.95B | +14% | +5% | 78% | 11.2× | n/a | n/a |
| Zhaojin International Gold 000506.SZ | China | $1.95B | -13% | +42% | 27% | n/a | n/a | n/a |
Newmark has 1 bond outstanding with $475M face value. The agencies rate it BBB-; its bonds trade like BB-. Weighted yield 6.21%, a spread of 173 bp over government bonds.
Newmark reported $151M of remaining performance obligations at 30 Sep 2026, down 8% from a year earlier and up 9% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.