NMRK
Newmark Group, Inc.
NMRK's fundamentals are strong: revenue grew 18% and earnings per share grew 48%. At 13x earnings, it's trading below its usual 20x. Analysts expect earnings growth.
NMRK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
NMRK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like NMRK.
NMRK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 5.6x | $10.86 | — |
| Cheap | 6x | $4.96 | -54% |
| Current | 13x | $10.86 | — |
| Fair | 20x | $16.34 | +50% |
| Expensive | 45x | $37.63 | +246% |
Historical ranges are pointers, not guarantees.
NMRK's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 5.6x next year's earnings, in its cheap range.
NMRK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NMRK, with profitability holding steady.
NMRK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.95 | +135% |
| Q3 2026 | $0.83 | +48% |
| Q2 2026 | $0.81 | +98% |
| Q1 2026 | $0.81 | +113% |
| Q4 2025 | $0.68 | +100% |
| Q3 2025 | $0.56 | +93% |
| Q2 2025 | $0.41 | +64% |
| Q1 2025 | $0.38 | +81% |
| Q4 2024 | $0.34 | +42% |
NMRK's earnings per share have fallen from their peak: $0.83 over the past year, against $3.80 in late 2021.
NMRK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $973.2M | +13% |
| Q2 2026 | $888.4M | +17% |
| Q1 2026 | $846.5M | +27% |
| Q4 2025 | $1B | +15% |
| Q3 2025 | $863.5M | +26% |
| Q2 2025 | $759.1M | +20% |
| Q1 2025 | $665.5M | +22% |
| Q4 2024 | $872.7M | +17% |
NMRK's revenue has grown year over year for 12 quarters in a row: $973M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | -1.1 points |
| Q2 2026 | 4.5% | -1.1 points |
| Q1 2026 | 3.2% | +5.8 points |
| Q4 2025 | 12% | +0.4 points |
| Q3 2025 | 9.9% | +3.9 points |
| Q2 2025 | 5.6% | -0.8 points |
| Q1 2025 | -2.6% | +1.5 points |
| Q4 2024 | 12% | +1.3 points |
NMRK's operating margin was 8.8% last quarter, down 1.1 points from the same quarter a year ago.
NMRK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$306.5M | -392% |
| Q2 2026 | $341.7M | +$727.9M |
| Q1 2026 | -$257.8M | -$73M |
| Q4 2025 | $608.8M | +54% |
| Q3 2025 | $104.9M | +$199.3M |
| Q2 2025 | -$386.2M | -$118.5M |
| Q1 2025 | -$184.8M | -$109M |
| Q4 2024 | $396.6M | +90% |
NMRK's free cash flow was $386M over the past year, against −$70M the year before. Free cash flow isn't a meaningful measure for real estate companies like NMRK.
NMRK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +847K shares |
| 1 year | +0.4% | +1M shares |
| 3 years | +46% | +80.1M shares |
| 5 years | -5.3% | -14.1M shares |
NMRK has 253M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $59.4M |
| Q2 2026 | $14.8M |
| Q1 2026 | $136.3M |
| Q4 2025 | $1.5M |
| Q3 2025 | — |
| Q2 2025 | $125.5M |
| Q1 2025 | — |
| Q4 2024 | $30.4M |
NMRK spent $212M buying back its own shares over the past year, up 36% from the year before.
NMRK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.3x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 1.1x | Healthy |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.9x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.4x | Healthy |
NMRK's net debt is about 1.4 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for real estate companies like NMRK.
NMRK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.6 | Oversold |
| Stochastic | 7.5 | Oversold |
NMRK's weekly RSI is 29 (oversold) and its Stochastic is 7 (oversold).
NMRK PE vs Real Estate Sector
| Metric | NMRK | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 24x | 45% below |
| PE % | 33 | 23 | 10 pts above |
NMRK is trading at 13x earnings, a 45% discount to the Real Estate sector's median of 24x.
NMRK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.9 | 9% below |
| 20 week MA | $13.9 | 22% below |
| 50 week MA | $15.0 | 28% below |
| 100 week MA | $14.7 | 26% below |
| 200 week MA | $12.1 | 11% below |
NMRK is in a downtrend: it's below all five of its weekly moving averages, and 11% below its 200-week average.
NMRK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.5 | $7.30 | -46% |
| 2021 | $7.30 | $17.4 | +138% |
| 2022 | $17.4 | $8.00 | -54% |
| 2023 | $8.00 | $11.0 | +37% |
| 2024 | $11.0 | $12.8 | +17% |
| 2025 | $12.8 | $17.7 | +38% |
| 2026 YTD | $17.7 | $10.9 | -38% |
NMRK's yearly returns have swung widely, from +138% in 2021 to −54% in 2022. It's down 38% so far in 2026.