10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 14.1% per year over the past 5 years.
Net income has grown slower than revenue (2.9% vs 14.1% per year).
Operating margin has contracted, at 8.4% in the latest year.
Financial health
Total debt ($672M) exceeds cash ($229M); net debt is $443M.
Total debt has grown slower than revenue (-0.3% vs 14.1% per year).
Total debt is 1.6× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$2.8B
$126M
0.0%
8.4%
8.6%
2.5%
$143M
$672M
$229M
2024
$2.3B
$85M
0.0%
7.2%
7.1%
1.8%
-$41M
$671M
$198M
2023
$2.1B
$62M
0.0%
6.0%
5.0%
1.4%
-$321M
$547M
$165M
2022
$2.3B
$113M
0.0%
8.1%
9.5%
2.9%
$1.1B
$548M
$233M
2021
$2.5B
$978M
0.0%
50.2%
76.5%
18.8%
-$68M
$545M
$191M
2020
$1.4B
$109M
0.0%
12.8%
16.7%
2.7%
-$797M
$680M
$191M
2019
$1.8B
$117M
0.0%
13.4%
19.6%
3.7%
$952M
$589M
$164M
2018
$1.7B
$107M
0.0%
19.6%
18.8%
3.1%
-$353M
$538M
$122M
2017
—
$144M
—
—
55.5%
6.4%
$835M
$671M
$121M
2016
—
$168M
—
—
—
—
-$671M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$764M
$20M
0.0%
5.3%
1.4%
0.4%
$342M
$867M
$260M
Mar '26
$718M
$14M
0.0%
3.8%
1.0%
0.3%
-$258M
$832M
$212M
Dec '25
$859M
$68M
0.0%
14.4%
4.7%
1.4%
$609M
$672M
$229M
Sep '25
$715M
$46M
0.0%
11.9%
3.4%
0.8%
$105M
$746M
$224M
Jun '25
$640M
$21M
0.0%
6.7%
1.6%
0.4%
-$386M
$871M
$196M
Mar '25
$556M
-$9M
0.0%
-3.1%
-0.7%
-0.2%
-$185M
$771M
$157M
Dec '24
$728M
$45M
0.0%
14.3%
3.8%
1.0%
$397M
$671M
$198M
Sep '24
$568M
$18M
0.0%
7.2%
1.5%
0.4%
-$94M
$770M
$179M
Jun '24
$527M
$14M
0.0%
7.7%
1.2%
0.3%
-$268M
$745M
$176M
Mar '24
$450M
-$16M
0.0%
-5.0%
-1.3%
-0.4%
-$76M
$670M
$141M
Dec '23
$641M
$37M
0.0%
12.4%
2.9%
0.8%
$208M
$547M
$165M
Sep '23
$513M
$10M
0.0%
5.9%
0.8%
0.2%
$403M
$605M
$143M
Jun '23
$477M
$6M
0.0%
5.8%
0.5%
0.1%
-$516M
$774M
$164M
Mar '23
$442M
-$10M
0.0%
-2.7%
-0.9%
-0.2%
-$417M
$773M
$211M
Dec '22
$511M
$6M
0.0%
5.0%
0.5%
0.2%
$909M
$548M
$233M
Sep '22
$557M
$28M
0.0%
10.5%
2.4%
0.6%
-$97M
$547M
$230M
Jun '22
$654M
$49M
0.0%
13.6%
4.0%
1.1%
-$172M
$547M
$280M
Mar '22
$582M
$362000
0.0%
2.2%
0.0%
0.0%
$493M
$542M
$443M
Dec '21
$853M
$149M
0.0%
26.8%
11.7%
2.9%
$269M
$545M
$191M
Sep '21
$682M
$129M
0.0%
33.1%
10.2%
2.4%
-$1.1B
$545M
$171M
Valuation over time
How the market has priced NMRK against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 11.4× (Mar '23) to 17.3× (Nov '26).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 0.8× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is NMRK growing its revenue and profit?
Over the past 5 years, Newmark Group, Inc.'s revenue has grown 14.1% per year, and net income grown 2.9% per year. These are computed facts, not advice.
How much debt does NMRK have?
As of FY2025, Newmark Group, Inc. reported $672M of total debt against $229M of cash.
What is NMRK's profit margin?
In FY2025, gross margin was —, operating margin 8.4%, and net margin 4.6%.
What is NMRK's P/E ratio?
Newmark Group, Inc.'s P/E (TTM) is 14.73 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NMRK stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 17.3× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.