Newmark Group, Inc., a venerable New York City-based enterprise established in 1929, offers a full spectrum of commercial property services both domestically ...
Newmark Group, Inc. (NASDAQ: NMRK) is a leading global commercial real estate advisory and services firm. Founded in 1929 and headquartered in New York City, the company has grown into a top-tier platform with a significant international presence. As of December 31, 2021, Newmark operated approximately 160 offices across four ...Newmark Group, Inc. (NASDAQ: NMRK) is a leading global commercial real estate advisory and services firm. Founded in 1929 and headquartered in New York City, the company has grown into a top-tier platform with a significant international presence. As of December 31, 2021, Newmark operated approximately 160 offices across four continents, and its global reach now includes 195 offices with over 10,000 professionals, as reported on their website. The firm serves a diverse clientele, including commercial real estate tenants, private and institutional investors, property owners, developers, corporate occupiers, financial lenders, and multinational corporations.
Newmark's business is segmented into two primary client groups. For real estate investors and property owners, the company offers extensive capital markets assistance, including investment strategies, debt and structured financing, loan portfolio sales, agency leasing, property management, valuation and advisory, due diligence, GSE financing, loan servicing, mortgage brokerage, and capital raising. For corporate occupiers and tenants, Newmark provides tenant representation, real estate management technology, workplace and occupancy planning, global corporate consulting, project management, account and transaction management, lease administration, and integrated facilities management.
Financially, Newmark reported revenues of approximately $2.5 billion for the trailing twelve months (TTM), with a market capitalization of about $2.31 billion. The company has demonstrated strong margins, with a gross profit margin of 96.1% and an EBITDA margin of 13.8%. Its return on equity stands at 9.9%, and it maintains a dividend yield of 1.0%. The company's financial health is characterized by a current ratio of 2.31 and a debt-to-equity ratio of 1.243, indicating a reasonable leverage position.
Key leadership includes Barry Gosin, who has served as Chief Executive Officer since 1979, guiding the firm's strategic direction and growth. Under his leadership, Newmark has expanded its service offerings and global footprint. The company became public in December 2017 and is listed on the NASDAQ Global Select market.
Newmark is known for its innovative use of technology in real estate services, with proprietary platforms that enhance operational efficiency and client outcomes. The company also emphasizes sustainability and corporate responsibility in its operations. With a strong brand and a comprehensive service portfolio, Newmark continues to solidify its position as a top commercial real estate advisor, competing with other major players like CBRE and JLL.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$3.3B
+21.9%
+4.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$126.2M
+106.1%
+36.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+94.6%
-5.4%
+0.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+7.0%
+17.8%
+42.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+3.8%
+69.1%
+30.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$142.6M
+431.3%
+232.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.3%
+371.9%
+226.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
136.9%
-18.4%
-11.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.25x
+125.7%
-35.8%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Good day, and welcome to the Newmark's Q2 2026 Public Financial Results Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Jason McGruder, Head of Investor Relations. Please go ahead, sir.
Jason McGruder : Thank you, operator, and good morning. Newmark issued its second quarter 2026 financial results press release earlier today. Unless otherwise stated, these results compare only the 3 months ending June 30, 2026, with the year earlier period. Except as otherwise stated, we will be referring to results only on a non-GAAP basis, including the terms adjusted earnings, adjusted EBITDA and adjusted free cash flow. Unless otherwise stated, any figures discussed today with respect to cash flow from operations refer to net cash provided by operating activities, excluding the impact of GSE FHA loan origination and sales. We may also use the term cash generated by the business, which is the same operating cash flow measure before the impact of cash used for employee loans. Please refer to today's press release, the supplemental tables and the quarterly results presentation on our website for a complete and updated set of definitions for any non-GAAP items, terms, reconciliations of these items to the corresponding GAAP results and how, when and why management uses them. For additional information on our cash flow measures as well as relevant industry or economic statistics, the outlook discussed today excludes the potential impact of any future acquisitions and assumes no meaningful changes in Newmark's stock price compared with yesterday's close. Our expectations are subject to change based on various macroeconomic, social, political and other factors. None of our targets or goals beyond 2026 should be considered formal guidance. Also, we remind you that information on this call contains forward-looking statements, including, without limitation, statements concerning our economic outlook and business. Such statements are subject to risks and uncertainties, which could cause our actual results to differ from expectations. Except as required by law, we undertake no obligation to update any forward-looking statements. For a complete discussion of the risks and other factors that may impact these forward-looking statements, see our SEC filings, including, but not limited to, the risk factors and disclosures regarding forward-looking information in our most recent SEC filings, which are incorporated by reference. I'm now happy to turn the call over to our host and Chief Executive Officer, Barry Gosin.
Barry Gosin : Good morning, and thank you for joining us. With me today are Newmark's Chief Financial Officer, Mike Rispoli; along with our Chief Operating Officer, Lou Alvarado. Newmark once again delivered strong financial results. We have now produced double-digit year-on-year revenue growth for 11 quarters in a row in Capital Markets. 8 consecutive quarters in management and servicing and 7 …