NMRK
Newmark Group, Inc.17.16
+0.10+0.59%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Aggressive buybacks, AI tailwinds affirmed
Q&A reinforced the prepared script's optimism but surfaced incremental details on AI as a talent accelerant boosting efficiency and margins, with no clients yet signaling office staffing cuts despite hype. Management expects a refinancing surge from $2 trillion in debt maturities over three years, fueling capital markets outperformance above guidance midpoint. They plan more aggressive buybacks amid low leverage, without curbing international hiring—Europe ramping faster than expected, France already breakeven. Data commoditization risks brushed off via proprietary edges. AI empowers brokers, doesn't replace them. Positive tone persists; investors eye global productivity.
Key Stats
Market Cap
4.33BP/E (TTM)
30.11Basic EPS (TTM)
0.57Dividend Yield
0.01%Recent Filings
10-K
FY2025 results
Newmark posted FY2025 revenues of $3.3B, up 20% y/y, fueled by 35% Capital Markets growth to $1.0B on 56% higher investment sales and 67% Total Debt volumes, plus 17% Leasing gains amid 10% U.S. office leasing uptick. Q4 accelerated with leasing and capital markets surging on industrial/office momentum and 15% servicing portfolio expansion to $211B. Margins held firm despite 22% comp rise; $229M cash bolsters $525M revolver room. Yet economic volatility threatens leasing momentum.
8-K
Newmark smashes records, eyes 2026 growth
Newmark crushed Q4 and full-year 2025 with revenues hitting $1.006B (up 15%) and $3.294B (up 20%), fueled by double-digit gains across leasing, capital markets, and management services—each topping $1B annually. Adjusted EPS soared 24% to $0.68 quarterly, 32% to $1.62 yearly. Momentum intact. Guides 12-15% revenue growth to $3.7-3.8B in 2026.
8-K
Annual meeting results approved
Newmark Group stockholders at the December 30, 2025 annual meeting elected Kyle S. Lutnick, Stephen M. Merkel, Virginia S. Bauer, Kenneth A. McIntyre, and Jay Itkowitz to the board, with For votes ranging 256M-302M versus 15M-61M withheld. They ratified Ernst & Young as auditors for fiscal 2025 (344.6M For, 373K Against). Say-on-pay passed (245.5M For). Routine governance locked in.
10-Q
Q3 FY2025 results
Newmark crushed Q3 with revenues jumping 26% y/y to $863.5M, fueled by Capital Markets up 60% on 129% Total Debt and 67% investment sales volume gains, Leasing up 14%, and Servicing steady at 13%. Operating income soared 107% to $85.2M (derived), diluted EPS doubled to $0.25 on 252M shares—reconciles cleanly. Cash hit $224M, $450M revolver room, backed by $600M 7.5% notes due 2029 and $150M drawn on credit facility to April 2027; no covenant issues. Volumes beat industry. Litigation settled.
8-K
Newmark Q3 revenues up 26%
Newmark Group crushed Q3 2025 with revenues surging 25.9% to $863.5 million, driven by 59.7% capital markets growth and 13.7% leasing gains, while recurring management services rose 12.6%. Adjusted EBITDA climbed 28.9% to $145.2 million, fueled by organic expansion and the October 3 RealFoundations acquisition bolstering investor solutions. Revenues soared. The board shifted the 2025 annual meeting to December 30, resetting stockholder proposal deadlines to November 9.
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