NMRKNasdaqReal Estate Agents & Managers (For Others)US GAAP · USD

Newmark Group, Inc

Newmark Group, Inc. is a U.S.-based commercial real estate services firm organized around one reportable segment, real estate services. It advises owners, investors, occupiers, and developers across leasing, capital markets, valuation, consulting, loan servicing, and property and facilities management.

Liikevaihto3 294milj. USD
+20,3 %v/v
Liikevoitto (EBIT)234milj. USD
+43,5 %v/v
EBIT-marginaali7,1%
+1,2 %-yks.v/v
Nettotulos126milj. USD
+47,6 %v/v
Vapaa kassavirta143milj. USD
+444,1 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

01 0002 0003 0004 000milj. USD2020: 1 905 milj. USD2020: EBIT 184 milj. USD20202021: 2 906 milj. USD2021: EBIT 1 255 milj. USD20212022: 2 706 milj. USD2022: EBIT 186 milj. USD20222023: 2 470 milj. USD2023: EBIT 125 milj. USD20232024: 2 739 milj. USD2024: EBIT 163 milj. USD20242025: 3 294 milj. USD2025: EBIT 234 milj. USD20253 294234
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Leasing and brokerage35 %

Tenant representation, landlord representation, and commission-based leasing services.

Capital markets30 %

Investment sales, debt placement, equity raising, structured finance, and mortgage brokerage.

Management services and advisory25 %

Property management, facilities management, valuation, appraisal, and consulting.

Servicing and lending10 %

Commercial mortgage origination, servicing, GSE/FHA lending, and asset management.

Tuotteet

Raportoitu · osuus liikevaihdosta
36,2%34,4%20,2%9,2%FY2025100 %
  • Leasing and Other Commissions36,2 %
  • Management Services34,4 %
  • Investment Advice20,2 %
  • Mortgage Brokerage and Debt Placement9,2 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Newmark sells primarily to commercial real estate owners, investors, developers, and occupiers that need transaction execution or outsourced real estate operations. Its client base also includes large institutional investors and global corporations that use Newmark for leasing, capital raising, portfolio optimization, and workplace or supply-chain consulting.

Commercial property owners

Buy landlord representation, property management, valuation, and advisory to maximize occupancy and asset value.

Institutional investors

Use investment sales, debt placement, equity raising, and structured finance for acquisitions and dispositions.

Corporate occupiers

Buy tenant representation, transaction management, lease administration, and workplace strategy.

Developers and lenders

Use project management, commercial mortgage origination, servicing, and asset management.

Flexible workspace users

Lease flexible workspace solutions through Newmark's workspace platforms and related services.

Strategia

Newmark's strategy centers on attracting and retaining revenue-generating professionals, expanding client mandates, and cross-selling across its integrated real estate platform. The company is also investing in data, analytics, technology, and international expansion to improve productivity and deepen relationships with owners and occupiers.

Recruit and retain top producersLyhyt aikaväli

Commission revenue depends heavily on individual talent and client relationships.

Expand outsourcing and advisory mandatesKeskipitkä aikaväli

Long-term contracts can stabilize revenue and deepen client penetration.

Build international scaleKeskipitkä aikaväli

International growth broadens the client base and reduces dependence on one market.

Maantiede

Q1/2026

Newmark operates mainly in the United States but also has meaningful international activity in the U.K., France, Germany, Singapore, and other markets. Management says international commission-generating headcount has been growing faster than the U.S. base, which matters because new hires typically take 6 to 18 months to ramp into meaningful fees.

USA86 %
UK8,0 %
Other countries (US filing)5,8 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Newmark is exposed to commercial real estate cycles, banking conditions, and transaction volumes, so weaker property markets can quickly reduce brokerage and capital markets activity. The business also depends on retaining high-performing professionals, integrating acquisitions and new hires, and managing international regulatory, tax, and currency risks as it expands outside the U.S.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Commercial real estate and banking cycle weakness1Talent retention and integration2International operating complexity3Corporate responsibility and climate-related scrutiny4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Commercial real estate and banking cycle weaknessVaikutus: KorkeaTodennäköisyys: Korkea

    Brokerage, leasing, and financing fees depend on transaction activity and credit availability.

    Kohdistuu: Leasing and capital markets revenue

  2. Talent retention and integrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business model relies on commission-generating professionals and their client relationships.

    Kohdistuu: Revenue growth and productivity

  3. International operating complexityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Expansion abroad introduces foreign legal, tax, currency, and cultural risks.

    Kohdistuu: Non-U.S. offices and headcount growth

  4. Corporate responsibility and climate-related scrutinyVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Client bids and stakeholder expectations increasingly require ESG-related disclosures and practices.

    KohdistuuClient winsCompliance costsReputation

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Leasing, investment sales, and mortgage brokerage recognize revenue at different milestones, affecting quarter-to-quarter comparability.

Vaikutus: Can shift reported revenue materially between periods

Derivative valuation in commercial mortgage origination

Expected servicing cash flows and loan-related fees are marked through fair value estimates.

Vaikutus: Affects capital markets revenue and earnings volatility

Principal versus agent accounting

Third-party service provider arrangements may be recorded gross or net depending on control.

Vaikutus: Changes reported revenue and expense levels

Goodwill impairment

Acquisitions and growth investments create goodwill that must be tested for impairment.

Vaikutus: Potential non-cash charges if market conditions weaken

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026