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Newmark Group, Inc.
$2.9B
Market Cap
25.5
P/E
1.08
PEG
5.3%
ROCE
9.5%
ROE
1.14
D/E
7.1%
OPM
-17.3%
% from 52W High
35
α RS
🔍 NMRK is showing an earnings-catalyst setup because an ECS of 70.7 last quarter, it matches 2 of 37 tracked screener presets, and Sector RRG has Real Estate in the Improving quadrant with the trail still strengthening. Net: Broad signal stack, not a recommendation. ? ECS Conviction RRG
Sources
ECS 70.7 · Conviction 2/37 · Real Estate in Improving quadrant
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🌏 Global Investor Returns
Currency-adjusted total returns for NMRK including FX impact
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📈 Price History
Ratio Health
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About

Newmark Group, Inc. operates as a commercial real estate advisor and service provider in the United States, the United Kingdom, Asia, rest of Europe, and other Americas.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding NMRK
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 362.5K $5.4M 0.01% Mar 2026
Steve Cohen Point72 Asset Management 350.1K $5.2M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Newmark increased total revenues 27% and Adjusted EPS 57% in Q1 2026.
Revenue & Profitability
Total revenues were $846.5 million for Q1 2026, up 27.2% from $665.5 million a year earlier. Adjusted EBITDA was $121.2 million, up 35.8% from $89.2 million. Adjusted EPS was $0.33, up 57.1% from $0.21. On a trailing twelve-month basis, Adjusted Free Cash Flow was $361.5 million, up 111.7%. The company raised its full-year 2026 guidance: total revenues $3.775–$3.875 billion, adjusted EBITDA $656–$694 million, and adjusted EPS $1.87–$1.98.
Outlook
Management expects double-digit top- and bottom-line growth for the third consecutive year in 2026, driven by strong transaction pipelines and no visible deal fallout. Tailwinds include normalizing return-to-office trends, improving industrial leasing fundamentals in the U.S. and U.K., and continued demand for data center and advanced manufacturing infrastructure. Headwinds include community pushback (NIMBYism) on data centers and power availability constraints, though management views these as opportunities for specialized advisory.
Growth Drivers
Key growth levers include double-digit organic growth in management services, acceleration in U.S. office leasing (especially San Francisco and New York City), and strong capital markets gains in senior housing, affordable housing, lodging, industrial, and office. International expansion is a major driver: revenue outside the U.S. and U.K. grew 37.9%. The company is also investing in data center advisory, infrastructure banking, and energy-related services to capture demand from hyperscalers and advanced manufacturing.
Balance Sheet & CapEx
Capital expenditure guidance was not explicitly discussed. However, Newmark continues to invest in building out its advisory business, particularly through hiring top talent in the U.S. and Europe. The company renewed its revolving credit facility post-quarter, increasing it 50% to $900 million. Investments in AI are focused on improving productivity and enabling top talent to spend more time with clients.
Margins
Adjusted EBITDA margin on total revenues improved by 91 basis points in Q1 2026. Adjusted EBITDA of $121.2 million on revenues of $846.5 million implies a margin of approximately 14.3%. The company expects sustained earnings growth, as reflected in the dividend increase (first since 2022, from $0.03 to $0.06). Cost control is achieved through commissions and pass-through expenses growing in line with revenue, with remaining cost increases attributed to global growth initiatives.
Key Risks
Risks flagged include a turbulent macro backdrop and the potential for transactions to take longer to close due to market complexity. For new international hires, garden leave periods are burning off but still a factor. In data centers, community pushback and power availability present challenges, though management views these as manageable. The company's forward-looking statements are subject to macroeconomic, social, political, and other factors.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Revenue and earnings grew double digits year-over-year, with record results in management, servicing, and leasing. Guidance remains unchanged amid a strong pipeline, robust multifamily and data center activity, and strategic M&A driving recurring revenue growth.
Q1 2026 Q1 2026 2026-04-30
Q1 2026 saw 27% revenue and 57% Adjusted EPS growth, with record results across all major segments. Full-year guidance was raised, supported by strong pipelines, robust cash flow, and continued expansion in data centers and infrastructure management.
Q4 2025 Q4 2025 2026-02-25
Record Q4 and full-year results with double-digit revenue and earnings growth, driven by strong leasing, capital markets, and recurring revenues. 2026 guidance calls for continued double-digit growth, with AI and digital infrastructure trends providing additional tailwinds.
Q3 2025 Q3 2025 2025-10-30
Record quarterly revenue and earnings growth driven by double-digit gains across all business lines, robust international expansion, and strong recurring revenue performance. Raised 2025 guidance with continued margin improvement and confidence in exceeding 2026 targets.
Q2 2025 Q2 2025 2025-07-30
Q2 2025 saw 20% revenue growth and 41% higher adjusted EPS, with strong gains across all business lines and global expansion. Raised 2025 guidance for revenue, EPS, and EBITDA, and introduced Adjusted Free Cash Flow as a key metric.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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