Newmark Group, Inc. (NMRK) Stock Price & Analysis
Newmark Group, Inc. (NMRK) closed at USD 11.82 on Thursday, October 22, 2026, up 2.96% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 11.48; the Oct 22, 2026 session ranged USD 11.39–11.93 on volume of 1,779,070 shares. Market capitalization is $2.89B, with a 52-week range of USD 11.26–19.84 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:50 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NMRK.md
Key facts (NMRK)
- Last four reported quarters (through Jun 30, 2026): revenue $3.60B, net income $148M (4.1% margin), free cash flow $798M (SEC filings).
- Valuation: P/E 19.5x (avg 30.8x at the last 3 fiscal year-ends), EV/EBITDA 7.6x, net debt $608M.
- Analysts: Buy (mean 1.86 on a 1–5 scale) (7 analysts), mean target USD 17.33 (range 13–20).
- Total return with dividends: 1Y -38.2% vs S&P 500 +14.9%; 5Y -16.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.47, revenue estimate $953M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NMRK)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.91B | $2.71B | $2.47B | $2.74B | $3.29B | $3.60B |
| Operating income | $1.25B | $186M | $125M | $163M | $234M | $276M |
| Net income | $978M | $113M | $62.4M | $85.5M | $126M | $148M |
| EPS (diluted) | $3.80 | $0.45 | $0.24 | $0.34 | $0.68 | — |
| Free cash flow | -$68.4M | $1.13B | -$321M | -$41.4M | $143M | $798M |
| Operating margin | 43.2% | 6.9% | 5.1% | 6.0% | 7.1% | 7.7% |
| Net margin | 33.7% | 4.2% | 2.5% | 3.1% | 3.8% | 4.1% |
| Revenue growth | +52.6% | -6.9% | -8.7% | +10.9% | +20.3% | — |
| Cash + short-term investments | $716M | $234M | $165M | — | — | — |
| Total debt | $545M | $548M | $547M | $671M | $672M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NMRK)
P/E 19.5x · P/S 0.8x · EV/EBITDA 7.6x · EV/Sales 1.0x · P/FCF 3.6x · P/B 2.0x · FCF yield 27.57% · Earnings yield 5.12% · Buyback yield (TTM) 5.28% · Net debt $608M · EV $3.50B
P/E at fiscal year-ends: Dec 2025 34.8x, Dec 2024 26.6x, Dec 2023 31.0x.
Analysts (NMRK)
Consensus Buy (mean 1.86 on a 1–5 scale), 7 analysts; mean target USD 17.33 (low 13, high 20).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Citizens | Target lowered | Market Outperform | $22 → $17 |
| 2026-10-19 | Piper Sandler | Downgrade | Overweight → Neutral | $14 → $13 |
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $19 → $14 |
| 2026-10-09 | Keefe, Bruyette & Woods | Target lowered | Outperform | $17.5 → $16 |
| 2026-08-17 | Barclays | Target raised | Overweight | $19 → $20 |
Total return (dividends reinvested) (NMRK)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -38.2% | -16.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -38.3% | -3.6% |
| Volatility (annualized) | 40.6% | 42.5% |
| Max drawdown | -41.3% (Oct 2025→Oct 2026) | -71.1% (Dec 2021→Oct 2023) |
NMRK revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Management Services, Servicing Fees and Other | $351.2M | 39.5% | +17.7% |
| Leasing and Other Commissions | $278.0M | 31.3% | +17.2% |
| Management Services | $277.1M | 31.2% | +20.2% |
| Capital Markets | $259.2M | 29.2% | +16.0% |
| Investment sales | $164.6M | 18.5% | +54.4% |
| Mortgage Brokerage and Debt Placement | $44.6M | 5.0% | -31.6% |
| Total revenue | $888.4M | 100% | — |
NMRK revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $775.6M | 87.3% | +16.3% |
| Other | $62.0M | 7.0% | +46.0% |
| U.K. | $50.9M | 5.7% | +1.7% |
| Total revenue | $888.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NMRK suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | BGC Holdings | “As part of our compensation plans, certain employees have been granted limited partnership units in Newmark Holdings and, prior to the Newmark IPO, BGC Holdings, which generally receive quarterly allocations of net income and are generally contingent upon services being provided by the unit holders.” |
Quoted from the company's 10-K filed Mar 2, 2026.
NMRK company outlook (results filed Jul 29, 2026)
- “Our year to date results demonstrate the Company's strong operating leverage, as we increased Total Revenues 22%, GAAP EPS 200%, and Adjusted EPS 37%, all compared with a year earlier. "Given Newmark's strong results and healthy transaction pipeline, we continue to expect double-digit top- and bottom-line growth for the third consecutive year in 2026.”
Quoted word-for-word from the SEC 8-K results press release.
NMRK analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.47 | $0.48 | -2.1% | $952.7M | 7 |
| Next quarter (ends Dec 2026) | $0.73 | $0.77 | -5.5% | $1.11B | 6 |
| Current fiscal year (ends Dec 2026) | $1.89 | $1.95 | -3.2% | $3.78B | 7 |
| Next fiscal year (ends Dec 2027) | $2.07 | $2.18 | -4.8% | $4.09B | 7 |
NMRK options: expected move
Options price a move of about ±17.1% (±$2.03) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±3.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 71.0% | ±17.1% |
| Dec 18, 2026 | 56 | 61.9% | ±20.5% |
| Mar 19, 2027 | 147 | 45.9% | ±24.1% |
| Jun 17, 2027 | 237 | 54.3% | ±35.1% |
30-day implied volatility 47.9% vs 37.4% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:50 UTC)
| Price | USD 11.82 |
|---|---|
| Change | ▲ 2.96% (up) |
| Previous Close | USD 11.48 |
| Open | USD 11.39 |
| Day Range | USD 11.39 – 11.93 |
| 52-Week Range | USD 11.26 – 19.84 |
| Volume | 1,779,070 shares |
| Market Cap | $2.89B |
| Exchange | NMS |
Technical Analysis (NMRK)
Nexqual's technical model rates NMRK "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:50 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 36.21 (neutral) |
| vs SMA50 | Below (USD 13.78) |
| MACD | -0.61 (negative) |
Analyst Ratings (NMRK)
Wall Street analysts rate NMRK "Buy" based on 7 analysts, with a mean price target of USD 17.33 (range USD 13–20), per Nexqual as of October 23, 2026 at 09:50 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 7 |
| Mean Target | USD 17.33 |
| High Target | USD 20 |
| Low Target | USD 13 |
| Buy / Hold / Sell | 5 / 2 / 0 |
Earnings (NMRK)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.47 |
| Revenue Estimate | $952.70M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.39 vs est 0.38 ▲ beat |
| 2026-03-31 | USD 0.33 vs est 0.27 ▲ beat |
| 2025-12-31 | USD 0.68 vs est 0.66 ▲ beat |
| 2025-09-30 | USD 0.42 vs est 0.41 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:50 UTC.
Financials & Fundamentals (NMRK)
| Total Revenue | $3.60B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +17.00% |
| Gross Margin | +100.00% |
| Operating Margin | +4.93% |
| Profit Margin | +4.11% |
| ROE | +11.11% |
| Debt / Equity | 1.3 |
| Current Ratio | 1.09 |
| Total Cash | $259.70M |
| Total Debt | $2.27B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $797.59M (22.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:50 UTC.
Financial Health Score (NMRK)
Nexqual rates Newmark Group, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:50 UTC.
| Growth | Strong — Revenue +20% YoY (annual) |
|---|---|
| Profitability | Mixed — Operating margin 5% |
| Balance Sheet | Mixed — $260M cash and investments vs $867M debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $798M (last 4 quarters to Jun 2026, SEC), 22% margin |
| Efficiency | Mixed — ROE 11%, ROA 2.9% |
Ownership (NMRK)
| Insider Ownership | +2.41% |
|---|---|
| Institutional Ownership | +76.20% |
| Shares Outstanding | 159.94M |
| Float | 157.37M |
| Short % of Float | +4.24% |
Source: Nexqual, October 23, 2026 at 09:50 UTC.
Leadership (NMRK)
Newmark Group, Inc. is led by Barry M. Gosin, Chief Executive Officer, per Nexqual as of October 23, 2026 at 09:50 UTC.
| Chief Executive Officer | Barry M. Gosin |
|---|---|
| Chairman, Executive VP & Chief Legal Officer | Stephen Marcus Merkel |
| Chief Financial Officer | Michael J. Rispoli |
| Chief Operating Officer | Luis A. Alvarado |
| Chief Strategy Officer & Director | Kyle S. Lutnick |
Major Backers & Investors (NMRK)
Notable institutional backers of Newmark Group, Inc. include Empyrean Capital Partners, LP, Westwood Holdings Group Inc., Ameriprise Financial, Inc., according to Nexqual as of October 23, 2026 at 09:50 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Empyrean Capital Partners, LP | 2.73% |
| Westwood Holdings Group Inc. | 2.03% |
| Ameriprise Financial, Inc. | 1.45% |
| Fidelity | 1.08% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 13.33% |
| BlackRock | 8.01% |
| Dimensional Fund Advisors | 3.48% |
| Geode Capital | 2.83% |
| State Street | 2.61% |
| Nuveen | 1.54% |
Source: Nexqual, October 23, 2026 at 09:50 UTC.
From Newmark Group, Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- We estimate that the commercial real estate services industry is a more than $400 billion global revenue market opportunity.
- We believe our technological advantages, industry-leading talent, deep and diverse client relationships and suite of complementary services allow us to actively cross-sell our services and drive margins.
- Our end-to-end loan lifecycle digitization is meant to connect pre-screeners, processors, business support, closers, underwriters, traders, and servicing on one platform, with standardized workflows and system integrations that reduce redundancy, improve accuracy, and shorten cycle times.
- Our goal is to lead with extraordinary talent, data, and analytics, which together allow us to provide strategic and specialized advice.
Partnerships
- We lead with Capital Markets, where we aim to build the number one platform in the U.S., while expanding our investment sales and mortgage brokerage and debt placement businesses internationally.
- We believe our long-term growth has been a result of our management team's strong understanding of commercial real estate as an asset class, long-term vision and deep relationships with users and owners, our strong culture of innovation and collaboration, our ability to adapt to the evolving market and to shifts in the demand for our services, and our proven track record of attracting and retaining the industry's best talent.
Legal & Regulatory Risks (Item 1A, quoted)
- We may have liabilities in connection with our business activities, including appraisal and valuation, sales and leasing and property and facilities management activities, and such liabilities may exceed our insurance coverage or otherwise be time consuming and expensive to defend, all of which in turn could harm our business, financial condition, or results of operations.
- Failure to comply with laws, rules and regulations applicable to commercial real estate brokerage, valuation and advisory, mortgage transactions and our other business lines, may result in significant financial penalties, loss or suspension of licenses, sanctions or other penalties that could adversely affect our operations.
- Changes in our tax rates, unavailability of certain tax credits or reliefs, exposure to additional tax liabilities or assessments or challenges to our tax positions or interpretations could adversely affect our results of operations and financial condition.
- Environmental regulations and evolving stakeholder expectations may adversely impact our commercial real estate business and/or cause us to incur compliance costs and reduce transaction volumes in the commercial real estate markets.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| COMP | Compass, Inc. | USD 9.97 | ▲ 2.57% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:50 UTC. This page is informational and not investment advice.
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