NMRKNEWMARK GROUP, INC.
Real Estate Agents & Managers (for Others)
- Revenue
- $2.8B
- 22% YoY
- Operating margin
- 8.4%
- 18% YoY
- EBITDA
- $415M
- 23% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.5×
- $608M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear136% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowClear74% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear15% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.5B | $2.3B | $2.1B | $2.3B | $2.8B | 22% |
| Operating income | $1.3B | $186M | $125M | $163M | $234M | 44% |
| Net income | $978M | $113M | $62M | $85M | $126M | 48% |
| Operating cash flow | −$49M | $1.2B | −$266M | −$10M | $172M | 1831% |
| Capex | $20M | $62M | $55M | $32M | $29M | 6.8% |
| Stock-based comp | $301M | −$5M | $0 | −$700K | $0 | 100% |
| Buybacks | $291M | $295M | $37M | $213M | $127M | 40% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2024 | $20M | $20M | 83 | 80 |
| FY2023 | $20M | $20M | 55 | 35 |
| FY2022 | $20M | $20M | 11 | 12 |
| FY2021 | $35M | $35M | 157 | 71 |