Newmark Group Financials

NMRK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 38/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Newmark Group has an operating margin of 5.9%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from 5.1% the prior year.

Growth

Newmark Group's revenue grew 10.9% year-over-year to $2.7B, a solid pace of expansion. This earns a growth score of 60/100.

Leverage

Newmark Group carries a low D/E ratio of 0.56, meaning only $0.56 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Newmark Group's current ratio of 1.00 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.

Cash Flow

While Newmark Group generated -$9.9M in operating cash flow, capex of $31.5M consumed most of it, leaving -$41.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Newmark Group generates a 7.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 28/100. This is up from 5.0% the prior year.

Altman Z-Score Distress

1.56

Newmark Group scores 1.56, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Weak

3/9

Newmark Group passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

-0.12x

For every $1 of reported earnings, Newmark Group generates $-0.12 in operating cash flow (-$9.9M OCF vs $85.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Newmark Group (NMRK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$2.7B

YoY+10.9%

5Y CAGR+4.3%

Newmark Group generated $2.7B in revenue in fiscal year 2024. This represents an increase of 10.9% from the prior year.

EBITDA

$337.3M

YoY+15.8%

5Y CAGR-2.2%

Newmark Group's EBITDA was $337.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.8% from the prior year.

Free Cash Flow

-$41.4M

YoY+87.1%

Newmark Group generated -$41.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 87.1% from the prior year.

Net Income

$85.5M

YoY+37.1%

5Y CAGR-6.1%

Newmark Group reported $85.5M in net income in fiscal year 2024. This represents an increase of 37.1% from the prior year.

EPS (Diluted)

$0.34

YoY+41.7%

5Y CAGR-10.1%

Newmark Group earned $0.34 per diluted share (EPS) in fiscal year 2024. This represents an increase of 41.7% from the prior year.

Cash & Debt

$197.7M

YoY+19.9%

5Y CAGR+3.9%

Newmark Group held $197.7M in cash against $670.7M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.12

YoY+0.0%

Newmark Group paid $0.12 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

N/A

Gross Margin

N/A

Operating Margin

5.9%

YoY+0.9pp

5Y CAGR-5.2pp

Newmark Group's operating margin was 5.9% in fiscal year 2024, reflecting core business profitability. This is up 0.9 percentage points from the prior year.

Net Margin

3.1%

YoY+0.6pp

5Y CAGR-2.2pp

Newmark Group's net profit margin was 3.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.

Return on Equity

7.1%

YoY+2.1pp

5Y CAGR-12.5pp

Newmark Group's ROE was 7.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 2.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$212.6M

YoY+467.9%

5Y CAGR+41.6%

Newmark Group spent $212.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 467.9% from the prior year.

Capital Expenditures

$31.5M

YoY-43.1%

5Y CAGR-1.8%

Newmark Group invested $31.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 43.1% from the prior year.

NMRK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.7B+10.9%	$2.5B-8.7%	$2.7B-6.9%	$2.9B+52.6%	$1.9B-14.1%	$2.2B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$597.6M+11.3%	$536.7M+0.3%	$534.8M-3.4%	$553.6M+88.0%	$294.4M-18.6%	$361.9M
Operating Income	$163.0M+30.2%	$125.2M-32.5%	$185.6M-85.2%	$1.3B+581.8%	$184.0M-25.3%	$246.2M
Interest Expense	N/A	-$21.7M+29.8%	-$31.0M+7.5%	-$33.5M+11.3%	-$37.7M-17.6%	-$32.1M
Income Tax	$45.8M+11.4%	$41.1M-2.3%	$42.1M-82.7%	$243.0M+556.8%	$37.0M-29.5%	$52.4M
Net Income	$85.5M+37.1%	$62.4M-44.6%	$112.5M-88.5%	$978.1M+795.1%	$109.3M-6.8%	$117.3M
EPS (Diluted)	$0.34+41.7%	$0.24-46.7%	$0.45-88.2%	$3.80+874.4%	$0.39-32.8%	$0.58

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$863.5M+13.7%	$759.1M+14.1%	$665.5M-23.7%	$872.7M+37.8%	$633.4M+15.9%	$546.5M-26.9%	$747.4M+21.3%	$616.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$175.3M+16.1%	$151.0M-1.9%	$154.0M-3.7%	$160.0M+8.3%	$147.7M+7.1%	$137.9M+6.1%	$130.0M-7.8%	$140.9M
Operating Income	$85.2M+99.2%	$42.7M+344.0%	-$17.5M-116.9%	$103.9M+155.1%	$40.7M+280.1%	-$22.6M-128.5%	$79.4M+164.3%	$30.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	-$7.2M-341.4%	$3.0M+139.7%	-$7.5M
Income Tax	$18.7M+345.0%	$4.2M+141.9%	-$10.1M-132.0%	$31.4M+247.2%	$9.0M+357.3%	-$3.5M-112.1%	$29.1M+248.1%	$8.4M
Net Income	$46.2M+121.7%	$20.8M+337.5%	-$8.8M-112.6%	$69.7M+387.9%	$14.3M+187.9%	-$16.3M-128.8%	$56.3M+466.5%	$9.9M
EPS (Diluted)	$0.25+127.3%	$0.11+320.0%	$-0.05-120.0%	$0.25+212.5%	$0.08+188.9%	$-0.09-145.0%	$0.20+233.3%	$0.06

NMRK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$4.7B+5.3%	$4.5B+13.5%	$3.9B-24.5%	$5.2B+31.0%	$4.0B+24.4%	$3.2B
Current Assets	$1.8B+17.7%	$1.5B+40.0%	$1.1B-57.4%	$2.5B+38.8%	$1.8B+69.4%	$1.1B
Cash & Equivalents	$197.7M+19.9%	$164.9M-29.2%	$233.0M+21.8%	$191.3M-0.1%	$191.4M+17.0%	$163.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$770.9M-0.7%	$776.5M+10.0%	$705.9M+7.4%	$657.1M+17.3%	$560.3M+0.4%	$557.9M
Total Liabilities	$3.2B+10.3%	$2.9B+19.9%	$2.4B-32.1%	$3.5B+16.1%	$3.0B+35.8%	$2.2B
Current Liabilities	$1.8B+19.5%	$1.5B-5.5%	$1.6B-28.1%	$2.2B+28.6%	$1.7B+63.1%	$1.0B
Long-Term Debt	$670.7M+22.6%	$547.3M	$0-100.0%	$545.2M-19.9%	$680.4M+15.5%	$589.3M
Total Equity	$1.2B-3.8%	$1.3B+6.1%	$1.2B-7.6%	$1.3B+95.1%	$655.0M+9.2%	$599.7M
Retained Earnings	$1.2B+3.5%	$1.2B+1.9%	$1.1B+6.1%	$1.1B+215.0%	$342.8M+9.5%	$313.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$5.5B+1.3%	$5.4B+11.2%	$4.8B+2.9%	$4.7B-1.0%	$4.8B+7.6%	$4.4B-1.1%	$4.5B+0.8%	$4.4B
Current Assets	$2.4B+4.2%	$2.3B+31.1%	$1.8B+0.8%	$1.8B+0.7%	$1.8B+27.8%	$1.4B-8.6%	$1.5B+1.4%	$1.5B
Cash & Equivalents	$224.1M+14.4%	$195.8M+24.7%	$157.1M-20.5%	$197.7M+12.1%	$176.4M+25.2%	$140.9M-14.5%	$164.9M+15.0%	$143.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$782.5M-0.8%	$788.7M+1.6%	$776.6M+0.7%	$770.9M-0.4%	$773.9M0.0%	$774.2M-0.3%	$776.5M+1.0%	$769.2M
Total Liabilities	$3.8B-0.9%	$3.9B+17.6%	$3.3B+3.6%	$3.2B-1.6%	$3.2B+12.9%	$2.9B-0.7%	$2.9B-1.5%	$2.9B
Current Liabilities	$2.4B+5.0%	$2.3B+28.0%	$1.8B-0.9%	$1.8B+5.0%	$1.7B+23.8%	$1.4B-8.0%	$1.5B-6.8%	$1.6B
Long-Term Debt	$746.5M-14.3%	$871.2M+13.0%	$770.9M+15.0%	$670.7M-10.0%	$745.2M+11.2%	$670.2M+22.5%	$547.3M+15.2%	$475.0M
Total Equity	$1.4B+6.9%	$1.3B-3.1%	$1.3B+9.6%	$1.2B+0.2%	$1.2B-2.4%	$1.2B-1.7%	$1.3B+5.3%	$1.2B
Retained Earnings	$1.2B+3.4%	$1.2B+1.3%	$1.2B-1.2%	$1.2B+4.6%	$1.2B+0.8%	$1.1B-1.8%	$1.2B+2.8%	$1.1B

NMRK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$9.9M+96.3%	-$266.0M-122.2%	$1.2B+2556.1%	-$48.7M+93.7%	-$777.7M-178.8%	$986.8M
Capital Expenditures	$31.5M-43.1%	$55.4M-11.0%	$62.2M+215.3%	$19.7M+0.5%	$19.6M-43.2%	$34.5M
Free Cash Flow	-$41.4M+87.1%	-$321.3M-128.3%	$1.1B+1757.4%	-$68.4M+91.4%	-$797.3M-183.7%	$952.2M
Investing Cash Flow	-$33.4M+32.8%	-$49.7M-116.1%	$308.6M-31.9%	$453.1M+12678.8%	-$3.6M+93.7%	-$56.8M
Financing Cash Flow	$89.5M-65.8%	$261.5M+117.9%	-$1.5B-268.1%	-$396.3M-148.5%	$817.8M+191.3%	-$895.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	$0
Share Buybacks	$212.6M+467.9%	$37.4M-87.3%	$294.8M+1.5%	$290.5M+4465.3%	$6.4M-83.0%	$37.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$112.6M+129.7%	-$379.7M-111.7%	-$179.4M-144.6%	$402.6M+255.7%	-$258.5M-275.8%	-$68.8M-131.3%	$220.0M-46.8%	$413.5M
Capital Expenditures	$7.7M+18.9%	$6.5M+19.4%	$5.4M-9.6%	$6.0M-35.0%	$9.3M+31.6%	$7.0M-39.0%	$11.5M+13.3%	$10.2M
Free Cash Flow	$104.9M+127.2%	-$386.2M-109.0%	-$184.8M-146.6%	$396.6M+248.1%	-$267.8M-253.1%	-$75.8M-136.4%	$208.4M-48.3%	$403.4M
Investing Cash Flow	-$118.0M-1715.0%	-$6.5M-19.4%	-$5.4M+11.2%	-$6.1M+33.9%	-$9.3M-26.0%	-$7.4M+36.3%	-$11.5M-112.1%	$95.3M
Financing Cash Flow	-$77.2M-118.0%	$428.2M+190.1%	$147.6M+139.3%	-$375.9M-222.4%	$307.2M+447.3%	$56.1M+130.7%	-$183.0M+65.3%	-$527.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$125.5M	$0-100.0%	$30.4M-45.3%	$55.5M+49.4%	$37.2M+620.5%	$5.2M-72.7%	$18.9M

NMRK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	5.9%+0.9pp	5.1%-1.8pp	6.9%-36.3pp	43.2%+33.5pp	9.7%-1.4pp	11.1%
Net Margin	3.1%+0.6pp	2.5%-1.6pp	4.2%-29.5pp	33.7%+27.9pp	5.7%+0.4pp	5.3%
Return on Equity	7.1%+2.1pp	5.0%-4.5pp	9.5%-67.0pp	76.5%+59.9pp	16.7%-2.9pp	19.6%
Return on Assets	1.8%+0.4pp	1.4%-1.5pp	2.9%-15.9pp	18.8%+16.0pp	2.7%-0.9pp	3.7%
Current Ratio	1.00-0.0	1.01+0.3	0.68-0.5	1.15+0.1	1.07+0.0	1.03
Debt-to-Equity	0.56+0.1	0.44+0.4	0.00-0.4	0.43-0.6	1.04+0.1	0.98
FCF Margin	-1.5%+11.5pp	-13.0%-54.9pp	41.9%+44.3pp	-2.4%+39.5pp	-41.9%-84.8pp	42.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	9.9%+4.2pp	5.6%+8.3pp	-2.6%-14.5pp	11.9%+5.5pp	6.4%+10.6pp	-4.1%-14.8pp	10.6%+5.8pp	4.9%
Net Margin	5.3%+2.6pp	2.7%+4.1pp	-1.3%-9.3pp	8.0%+5.7pp	2.3%+5.2pp	-3.0%-10.5pp	7.5%+5.9pp	1.6%
Return on Equity	3.4%+1.7pp	1.6%	N/A	5.8%+4.6pp	1.2%	N/A	4.5%+3.7pp	0.8%
Return on Assets	0.9%+0.5pp	0.4%+0.6pp	-0.2%-1.7pp	1.5%+1.2pp	0.3%+0.7pp	-0.4%-1.6pp	1.3%+1.0pp	0.2%
Current Ratio	1.030.0	1.04+0.0	1.01+0.0	1.00-0.0	1.04+0.0	1.010.0	1.01+0.1	0.93
Debt-to-Equity	0.55-0.1	0.68+0.1	0.58+0.0	0.56-0.1	0.62+0.1	0.54+0.1	0.44+0.0	0.40
FCF Margin	12.2%+63.0pp	-50.9%-23.1pp	-27.8%-73.2pp	45.4%+87.7pp	-42.3%-28.4pp	-13.9%-41.8pp	27.9%-37.6pp	65.5%

Note: The current ratio is below 1.0 (1.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Newmark Group's annual revenue?

Newmark Group (NMRK) reported $2.7B in total revenue for fiscal year 2024. This represents a 10.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Newmark Group's revenue growing?

Newmark Group (NMRK) revenue grew by 10.9% year-over-year, from $2.5B to $2.7B in fiscal year 2024.

Is Newmark Group profitable?

Yes, Newmark Group (NMRK) reported a net income of $85.5M in fiscal year 2024, with a net profit margin of 3.1%.

What is Newmark Group's earnings per share (EPS)?

Newmark Group (NMRK) reported diluted earnings per share of $0.34 for fiscal year 2024. This represents a 41.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Newmark Group's EBITDA?

Newmark Group (NMRK) had EBITDA of $337.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Newmark Group have?

As of fiscal year 2024, Newmark Group (NMRK) had $197.7M in cash and equivalents against $670.7M in long-term debt.

What is Newmark Group's operating margin?

Newmark Group (NMRK) had an operating margin of 5.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Newmark Group's net profit margin?

Newmark Group (NMRK) had a net profit margin of 3.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Newmark Group pay dividends?

Yes, Newmark Group (NMRK) paid $0.12 per share in dividends during fiscal year 2024.

What is Newmark Group's return on equity (ROE)?

Newmark Group (NMRK) has a return on equity of 7.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Newmark Group's free cash flow?

Newmark Group (NMRK) generated -$41.4M in free cash flow during fiscal year 2024. This represents a 87.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Newmark Group's operating cash flow?

Newmark Group (NMRK) generated -$9.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Newmark Group's total assets?

Newmark Group (NMRK) had $4.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Newmark Group's capital expenditures?

Newmark Group (NMRK) invested $31.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Newmark Group buy back shares?

Yes, Newmark Group (NMRK) spent $212.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Newmark Group's current ratio?

Newmark Group (NMRK) had a current ratio of 1.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Newmark Group's debt-to-equity ratio?

Newmark Group (NMRK) had a debt-to-equity ratio of 0.56 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Newmark Group's return on assets (ROA)?

Newmark Group (NMRK) had a return on assets of 1.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Newmark Group's cash runway?

Based on fiscal year 2024 data, Newmark Group (NMRK) had $197.7M in cash against an annual operating cash burn of $9.9M. This gives an estimated cash runway of approximately 239 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Newmark Group's Altman Z-Score?

Newmark Group (NMRK) has an Altman Z-Score of 1.56, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Newmark Group's Piotroski F-Score?

Newmark Group (NMRK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Newmark Group's earnings high quality?

Newmark Group (NMRK) has an earnings quality ratio of -0.12x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Newmark Group?

Newmark Group (NMRK) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.