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olivLaw · US equity research

Newmark Group, Inc. NMRK

Real Estate Agents & Managers (For Others) · SIC 6531 · Vertical: Real Estate Agents & Managers (For Others) (SIC 6531)

12.36USD+3.78% · 1 dayClose 04 Nov 2026

Newmark is a commercial real estate advisory and services firm serving large institutional investors, global corporations and other owners and occupiers. Total revenues rose 21.8% in the first half of 2026, and the company says it expects double-digit top- and bottom-line growth for the third consecutive year in 2026, which makes it relevant in a recovering market.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 04 Nov 2026, Newmark Group, Inc. (NMRK) stock was 12.36 USD (+3.78% on the day), with P/E 17.5 on diluted EPS of 0.71 USD over the last 12 months, dividend yield 1.21%, beta 1.28, 52-week range 11.30–17.83 USD. Latest reported quarter (Q2 2026): revenue of 888.4 m USD (+17.0% YoY), net income of 19.7 m USD (−5.4% YoY), diluted EPS 0.11 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
unavailable
P/E (TTM)
17.5
Diluted EPS TTM 0.71 · TTM to 30 Jun 2026
E/P (TTM)
5.72%
TTM to 30 Jun 2026
Dividend yield
1.21%
DPS 12m 0.15
Beta (2y)
1.28
Volatility (1y) 42%
52-week range
11.3017.83

Price history

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Technical reading

RSI (14)
52.4
neutral
Bollinger (20, 2)
11.11 – 12.42
in the upper half of the band · %B 0.95 · band width 11.2%
SMA 50 / 200
13.06 / 14.78
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.29 / -0.45
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−1.7%−1.1%−0.7 pp—
3 months−20.7%−0.5%−20.2 pp—
6 months−24.3%+4.4%−28.7 pp—
Year to date−28.7%+12.3%−41.0 pp—
1 year−29.8%+13.5%−43.4 pp−20.3%
3 years+64.4%+76.4%−12.0 pp−14.2%
5 years−24.4%+63.7%−88.0 pp—
Max drawdown (1y)
−36.7%
30 Jan 2026 → 19 Oct 2026
Max drawdown (5y)
−72.3%
31 Dec 2021 → 09 May 2023
Compound annual growth (5y)
−5.4%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
888.4 m USD
+17.0% YoY
Net income
19.7 m USD
−5.4% YoY
Diluted EPS
0.11
0.0% YoY
net / operating
2.2% / 4.5%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue685.9 m872.7 m665.5 m759.1 m863.5 m1.0 bn846.5 m888.4 m
Operating income41.1 m103.9 m-17.5 m42.7 m85.2 m123.6 m27.0 m40.4 m
Depreciation & amortisation44.6 m44.9 m46.4 m42.6 m45.5 m46.9 m46.2 m46.0 m
Pre-tax income33.2 m95.5 m-26.0 m33.7 m77.2 m116.6 m20.0 m33.0 m
Income tax8.8 m31.4 m-10.1 m4.2 m18.7 m33.2 m3.4 m9.6 m
Net income17.8 m69.7 m-8.8 m20.8 m46.2 m68.0 m14.4 m19.7 m
Diluted EPS0.10—-0.050.110.250.27 ≈0.080.11
Operating cash flow-85.2 m ≈402.6 m-179.4 m-379.7 m ≈112.6 m ≈618.5 m-247.6 m362.5 m ≈
Capex9.2 m ≈6.0 m5.4 m6.5 m ≈7.7 m ≈9.7 m10.2 m20.8 m ≈
Share repurchases89.6 m ≈30.4 m0125.5 m ≈0 ≈1.5 m136.3 m14.8 m ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Today's P/E sits at the 74 percentile of its own 19-quarter history (min 2.8, median 11.0, max 33.7; quarters with earnings only).

Fiscal years

Fiscal year20182019202020212022202320242025
Revenue2.0 bn2.2 bn1.9 bn2.9 bn2.7 bn2.5 bn2.7 bn3.3 bn
Revenue YoY+28.3%+8.3%−14.1%+52.6%−6.9%−8.7%+10.9%+20.3%
Net income106.7 m117.3 m109.3 m978.1 m112.5 m62.4 m85.5 m126.2 m
Net income YoY−26.1%+9.9%−6.8%+795.1%−88.5%−44.6%+37.1%+47.6%
Diluted EPS0.640.580.393.800.450.240.340.68
Diluted EPS YoY−24.7%−9.4%−32.8%+874.4%−88.2%−46.7%+41.7%+100.0%
net %5.2%5.3%5.7%33.7%4.2%2.5%3.1%3.8%
Free cash flow-353.4 m952.2 m-797.3 m-68.4 m1.1 bn-321.3 m-41.4 m142.6 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
229.1 m USD
Financial debt
671.7 m USD
Net debt
442.6 m USD
Equity
1.7 bn USD
Total assets
5.0 bn USD
Debt / equity
0.39x
Current ratio
1.05x
ROE
7.7%
ROA
2.6%
FCF margin
4.3%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
2.5 bn
2024
2.7 bn
2025
3.3 bn

SEC (XBRL)· 02 Mar 2026verified

Operating income
2023
125.2 m
2024
163.0 m
2025
234.0 m

SEC (XBRL)· 02 Mar 2026verified

Depreciation & amortisation
2023
166.2 m
2024
174.3 m
2025
181.3 m

SEC (XBRL)· 02 Mar 2026verified

EBITDA
2023
291.4 m ≈
2024
337.3 m ≈
2025
415.3 m ≈

SEC (XBRL)· 02 Mar 2026derived

Pre-tax income
2023
103.5 m
2024
131.3 m
2025
201.5 m

SEC (XBRL)· 02 Mar 2026verified

Income tax
2023
41.1 m
2024
45.8 m
2025
46.1 m

SEC (XBRL)· 02 Mar 2026verified

Net income
2023
62.4 m
2024
85.5 m
2025
126.2 m

SEC (XBRL)· 02 Mar 2026verified

Diluted EPS
2023
0.24
2024
0.34
2025
0.68

SEC (XBRL)· 02 Mar 2026verified

Weighted average diluted shares
2023
176.4 m
2024
177.7 m
2025
253.5 m

SEC (XBRL)· 02 Mar 2026verified

Dividend per share
2023
0.12
2024
0.12
2025
0.12

SEC (XBRL)· 02 Mar 2026verified

Balance sheet · USD

Cash
2023
164.9 m
2024
197.7 m
2025
229.1 m

SEC (XBRL)· 02 Mar 2026verified

Current assets
2023
1.5 bn
2024
1.8 bn
2025
2.0 bn

SEC (XBRL)· 02 Mar 2026verified

Property, plant & equipment, net
2023
178.0 m
2024
166.7 m
2025
156.5 m

SEC (XBRL)· 02 Mar 2026verified

Goodwill
2023
776.5 m
2024
770.9 m
2025
802.0 m

SEC (XBRL)· 02 Mar 2026verified

Intangibles (excl. goodwill)
2023
83.6 m
2024
64.5 m
2025
76.3 m

SEC (XBRL)· 02 Mar 2026verified

Total assets
2023
4.5 bn
2024
4.7 bn
2025
5.0 bn

SEC (XBRL)· 02 Mar 2026verified

Short-term debt
2023
0
2024
—
2025
—

SEC (XBRL)· 29 Feb 2024verified

Long-term debt
2023
547.3 m
2024
670.7 m
2025
671.7 m

SEC (XBRL)· 02 Mar 2026verified

Current liabilities
2023
1.5 bn
2024
1.8 bn
2025
1.9 bn

SEC (XBRL)· 02 Mar 2026verified

Total liabilities
2023
2.9 bn
2024
3.2 bn
2025
3.3 bn

SEC (XBRL)· 02 Mar 2026verified

Equity
2023
1.6 bn
2024
1.5 bn
2025
1.7 bn

SEC (XBRL)· 02 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-266.0 m
2024
-9.9 m
2025
172.0 m

SEC (XBRL)· 02 Mar 2026verified

Capex
2023
55.4 m
2024
31.5 m
2025
29.4 m

SEC (XBRL)· 02 Mar 2026verified

Free cash flow
2023
-321.3 m ≈
2024
-41.4 m ≈
2025
142.6 m ≈

SEC (XBRL)· 02 Mar 2026derived

Investing cash flow
2023
-49.7 m
2024
-33.4 m
2025
-198.1 m

SEC (XBRL)· 02 Mar 2026verified

Financing cash flow
2023
261.5 m
2024
89.5 m
2025
-44.8 m

SEC (XBRL)· 02 Mar 2026verified

Share repurchases
2023
37.4 m
2024
212.6 m
2025
127.1 m

SEC (XBRL)· 02 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
20.3%
computed by olivLawFY 2025
Revenue CAGR 3Y
6.8%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
11.6%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
43.5%
computed by olivLawFY 2025
Net income growth (YoY)
47.6%
computed by olivLawFY 2025
Net income CAGR 3Y
3.9%
computed by olivLawFY 2022 → FY 2025
Net income CAGR 5Y
2.9%
computed by olivLawFY 2020 → FY 2025
EPS growth (YoY)
100.0%
computed by olivLawFY 2025
EPS CAGR 3Y
14.8%
computed by olivLawFY 2022 → FY 2025
EPS CAGR 5Y
11.8%
computed by olivLawFY 2020 → FY 2025
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
12.8%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
7.7%
computed by olivLawTTM to 30 Jun 2026
Net margin
4.1%
computed by olivLawTTM to 30 Jun 2026
FCF margin
22.1%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
10.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
2.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
9.0%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROCE
8.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
21.2%
computed by olivLawTTM to 30 Jun 2026
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
607.6 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Net debt / EBITDA
1.3x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Debt / equity
0.6x
computed by olivLawbalance sheet at 30 Jun 2026
Interest coverage
unavailable
input data missing

Liquidity

Current ratio
1.1x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
846.0 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
48.4 m USD
computed by olivLawTTM to 30 Jun 2026
Free cash flow
797.6 m USD
computed by olivLawTTM to 30 Jun 2026
Cash conversion
183.6%
computed by olivLawTTM to 30 Jun 2026

Market and valuation

Market capitalisation
unavailable
input data missing
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
input data missing
P/E (TTM)
17.5x
computed by olivLawTTM to 30 Jun 2026
Earnings yield
5.7%
computed by olivLawTTM to 30 Jun 2026
P/B
unavailable
input data missing
P/S
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
Dividend yield
1.2%
computed by olivLawTTM to 30 Jun 2026
Shareholder yield (distributions)
unavailable
input data missing

9 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

12.36 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: unavailable

Key indicators

Market capitalisation
unavailable
input data missing
P/E (TTM)
17.5x
computed by olivLawTTM to 30 Jun 2026
P/B
unavailable
input data missing
EV/EBITDA
unavailable
input data missing
ROE
10.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
4.1%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
20.3%
computed by olivLawFY 2025
Dividend yield
1.2%
computed by olivLawTTM to 30 Jun 2026

Coverage and freshness

27/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Source: SEC (XBRL)published 07 Aug 2026
verified 1198derived 104

Score by group

67% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • Net asset value (NAV)unavailable · input data missing
  • Dividend discount (DDM)outside the aggregate1.58 – 2.12 (Mid 1.81)
    a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
  • Peers: P/Bunavailable · input data missing
Multiple comparisons use the SIC vertical: Real Estate Agents & Managers (For Others) (SIC 6531)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROE · Quality10.9%85 (vs peers)10%
EBITDA margin · Quality12.8%0 (on a fixed band)13%
Revenue CAGR 3Y · Growth6.8%68 (on a fixed band)13%
Net debt / EBITDA · Balance sheet1.3x100 (on a fixed band)23%
Interest coverage · Balance sheetunavailableunavailable—
P/B · Valuationunavailableunavailable—
P/E (TTM) · Valuation17.5x50 (vs peers)13%
Dividend yield · Returns1.2%20 (vs peers)23%
Payout ratio (EPS) · Returns21.2%100 (on a fixed band)6%

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet· partial100/100 · 1/2 factors with a value
  • Growth68/100 · 1/1 factors with a value
  • Quality36/100 · 2/2 factors with a value
  • Returns38/100 · 2/2 factors with a value
  • Valuation· partial50/100 · 1/2 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

NEWMARK GROUP, INC. (NMRK). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 3.3 bn USD in 2025; YoY growth 20.3%; net margin 4.1%; ROE 10.9%; net debt/EBITDA 1.3x.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • ROE: 10.9%
  • Net debt / EBITDA: 1.3x
  • Payout ratio (EPS): 21.2%

What contradicts it

  • EBITDA margin: 12.8%
  • Dividend yield: 1.2%

Not assessed (insufficient data or a ratio without meaning): Interest coverage, P/B.

Versus the vertical median

Real Estate Agents & Managers (For Others) (SIC 6531) · same industry (4-digit SIC) · compared with 14 companies

Multiples and returns vs the median

P/E
17.5x
vertical median 48.1x
below median (−63.7%)
EV/EBITDA
—
vertical median —
P/S
—
vertical median 0.6x
P/B
—
vertical median 2.0x
ROE
10.9%
vertical median -5.6%
above median
Net margin
4.1%
vertical median -0.9%
above median
EBIT margin
7.7%
vertical median -2.6%
above median
Revenue YoY
20.3%
vertical median 10.0%
above median (+103.5%)
Net debt/EBITDA
1.3x
vertical median —
Dividend yield
1.2%
vertical median 2.8%
below median (−56.6%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
JLLJones Lang LaSalle Incorporated17.8 bn16.914.7%3.9%+11.4%+20% / +151%
COMPCompass, Inc.7.6 bn180.83.6%0.6%+23.7%−4% / +352%
VACMarriott Vacations Worldwide Corp3.9 bn—-10.9%-4.7%+1.3%+110% / +57%
OPENOpendoor Technologies Inc.1.9 bn—-196.9%-46.7%−15.2%−74% / −34%
MMIMarcus & Millichap, Inc.1.1 bn79.32.4%1.8%+8.5%+1% / −14%
AGNTAgnt, Inc.713.6 m—-6.9%-0.3%+4.5%−62% / −65%
OMHOhmyhome Limited346.1 m—-164.6%-75.2%+19.5%−63% / −83%
DOUGDouglas Elliman Inc.151.8 m5.616.3%2.5%+3.8%−37% / −14%
LHAILinkhome Holdings Inc.15.8 m—-5.6%-1.4%+175.7%−92% / unavailable
PETZTDH Holdings, Inc.12.8 m7.36.2%143.8%+122.0%+25% / −10%
OPADOfferpad Solutions Inc.11.8 m—-116.9%-11.3%−38.2%+19% / −78%
FTHMFathom Holdings Inc.6.1 m—-79.0%-6.3%+25.4%−86% / −94%
LRHCStratum Holdings Corp.1.4 m——-46.4%+16.7%−100% / unavailable
BEKEKE Holdings Inc.—154.84.4%3.2%+5.6%+8% / +17%
NMRKNewmark Group, Inc.—17.510.9%4.1%+20.3%−30% / +64%

1- and 3-year price returns: for NMRK from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Scenarios are not available. input data missing

AI analysis

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 07 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).

In brief

Newmark is a commercial real estate advisory and services firm serving large institutional investors, global corporations and other owners and occupiers. Total revenues rose 21.8% in the first half of 2026 3, and the company says it expects double-digit top- and bottom-line growth for the third consecutive year in 2026 3, which makes it relevant in a recovering market.

SWOT

Strengths

  • Integrated service platform with strong recurring revenues from management and servicing, and a GSE and FHA loan portfolio that generates stable fees over the life of each loan 12.
  • Consecutive quarters of year-on-year revenue growth across the main business lines, according to the quarterly results release 3.
  • Recognition in outsourcing and real estate technology, and an extensive base of institutional clients 1.

Weaknesses

  • Business is concentrated geographically in the United States, exposing the company to local economic and regulatory changes 1.
  • Financing-related revenues are sensitive to interest-rate changes, and origination volumes fell in the second quarter of 2026 3.
  • Reliance on revenue-generating staff and on a few large clients could create risk if they leave or reduce activity 1.

Opportunities

  • Growing outsourcing of real estate functions could support new management and occupier service contracts 2.
  • International expansion and recent acquisitions could add clients and new service lines 2.
  • If transaction and financing markets keep recovering, capital markets activity could return to higher volumes 3.

Threats

  • Strong competition from large firms with greater resources and from regional firms could pressure margins and fees 1.
  • Geopolitical instability and higher energy prices could weigh on investor confidence and transaction volumes 2.

Risks

  • Cyclical real estate marketshigh

    The commercial property market is cyclical, and a fall in transactions or property values could reduce the company's commissions and fees 1.

  • Sensitivity to interest rateshigh

    Higher rates can lower property values and make refinancing harder for clients, which could affect the company's business 12.

  • Geographic concentration in the U.S.medium

    Most revenue comes from the United States, so local regulatory or economic changes have a significant impact 1.

  • Client concentrationmedium

    A large client changing its strategy or provider could affect revenue, although the largest clients still account for a limited share of the total 1.

  • International expansion riskslow

    Operations outside the U.S. carry currency, regulatory and political risks that could affect results 1.

Investment thesis

What would need to be true (bull case)

  • If recurring revenues from management and servicing keep growing, the company could reduce its sensitivity to transaction cycles 23.
  • Consistent revenue growth over several quarters and the stated goals for 2029 could support the company's expansion 3.
  • If the investment sales recovery holds, capital markets activity could generate significant additional revenue 3.

What would break the thesis

  • If interest rates stay high, financing and transaction volumes could fall again 2.
  • Competition from large firms and regional players could limit margin expansion 1.
  • Exposure to the U.S. market and to a small number of large clients could amplify any decline in activity 1.

What to watch

  • Trend in commercial mortgage origination volumes after the second quarter 2026 declineQ3 2026
  • Pace of year-on-year growth in management and servicing revenuesQ3 2026
  • Evolution of long-term yields and effect on client refinancing2027
  • Progress toward the goal of over 2 billion dollars in annual management and servicing revenues by 2029next 10-K

Products, market & competition

AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

Possibly outdated: the newest document it read is from 07 Aug 2026; since then the company filed 8-K (29 Oct 2026 · results).

The business

Newmark offers an integrated range of services to owners, investors and occupiers of commercial space, including capital markets, GSE and FHA loan origination and servicing, leasing, valuation, property management and advisory. Revenue comes mainly from commissions on leasing and capital markets transactions, loan origination and servicing fees, and property, facility management and consulting fees 1. For fiscal 2025 the company reported revenues of about 3.3 billion dollars 1. Its clients include large property owners and Fortune 500 and Forbes Global 2000 companies 1.

The company was founded in New York in 1929, was acquired by Cantor's subsidiary BGC in 2011 and spun off from BGC in November 2018 1. Between 2011 and 2025 total revenues grew at a compound annual rate of about 21% 1. Newmark is expanding outside North America, although most revenue still comes from the United States 1.

Segments

Investor and owner services

Includes capital markets, origination of commercial mortgages, property management, valuation and advisory, and GSE and FHA loan servicing 1. In the second quarter of 2026 capital markets revenues rose 16.0% 3.

Corporate occupier services

Includes tenant representation, Occupier Solutions (consulting and outsourcing to reduce occupancy costs), flexible workspace and UK business rates services for owners 1. Leasing and other commissions rose 17.2% in the second quarter of 2026 3.

Market context

The company estimates that the commercial real estate services industry is a global revenue market opportunity of more than 400 billion dollars 1. It says the top 10 global firms serve less than 20% of potential revenue, leaving room for full-service firms with global reach 1. Activity depends on economic growth, interest rates and demand for financing 2.

In the first half of 2026, U.S. industry investment sales volumes rose about 31% year on year, according to the company's analysis of preliminary MSCI data 3. The ten-year U.S. Treasury yield rose to 4.7% at June 30, 2026, but remained below its fifty-year average 2.

Trends

  • Outsourcing of real estate functionstailwind

    Corporations, owners and investors are outsourcing property, facilities and project management, which supports the company's recurring revenues 2.

  • Interest rates and financing costsheadwind

    Sudden rises in short-term rates can reduce origination and investment volumes; if rates stay high, refinancing may become harder for clients 12.

  • Demand for office spacemixed

    Office demand has recovered in some markets, especially in technology and financial services, but changes in space use since the pandemic remain an uncertainty 13.

  • International expansionmixed

    Investment in talent and offices outside North America widens the client base and revenues, but adds currency and geopolitical risk 12.

Competitive position

The company operates in a highly competitive industry with numerous competitors, some with greater financial and operational resources 1. The market is fragmented, with many smaller and regional firms offering similar services 1.

Newmark competes mainly by attracting experienced professionals, through its data and technology platform and through an integrated service range that allows it to sell more services to the same client 12.

  • CBRE GroupCBRE

    Major competitor in commercial real estate services, cited among the company's large publicly listed U.S. peers 1.

  • Jones Lang LaSalleJLL

    Publicly listed U.S. competitor in the same industry, referenced as part of the group of firms against which the company compares its performance 1.

  • Cushman & WakefieldCWK

    Publicly listed U.S. firm offering comparable advisory and leasing services, cited among the company's public competitors 1.

  • Regional and independent firms

    Many smaller and regional firms competing in local markets which, according to the company, hold a large share of industry revenue potential 1.

News & filings

In the press

The latest news item in our archive is from 17 Sept 2026; the newest SEC filing is from 29 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

SEC filings

Sources

  1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Newmark Group, Inc. · 02 Mar 2026
  2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Newmark Group, Inc. · 07 Aug 2026
  3. [3] Form 8-K, results release (exhibit 99.1) · SEC / Newmark Group, Inc. · 29 Jul 2026

Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.