| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 80 | 24.7x | 17.8x | Top tier | |
Growth | 86 | 20.8% | 7.1% | Top tier | |
Quality | 86 | 5.4% | 4.5% | Top tier | |
Safety | 49 | 4.5x | 2.6x | Around median | |
Capital Return | 76 | 0.83% | 2.12% | Top tier | |
Momentum | 36 | -14.6% | 2.9% | Bottom tier | |
Sentiment | 68 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Newmark Group, Inc. (NMRK) operates in commercial real estate services and generates revenue from capital markets, leasing, property management and services, mortgage servicing, and consulting. Its model combines transaction fees related to sales, leasing, and financing with more recurring management and servicing revenue, and the company seeks to expand its international presence and increase cross-selling across its services, as it did after integrating RealFoundations into its consulting and managed-services practices.
In Q2 FY2026, total revenue rose 17% to $888.4 million, the company's best second-quarter result, compared with $759.1 million a year earlier. Management and servicing and other revenue increased 17.7%, leasing fees rose 17.2%, and capital markets revenue grew 16%, showing that growth spanned the main drivers rather than relying on a single activity. Capital markets growth came from higher multifamily property sales, particularly senior housing and affordable housing, as well as improved industrial and office property sales, partially offset by lower loan origination activity compared with large transactions in the corresponding period.
On an adjusted basis, earnings per share in Q2 FY2026 rose 25.8% to $0.39, and earnings before interest, taxes, depreciation, and amortization increased 22.1% to $139.2 million. The margin for this adjusted measure improved by 65 basis points despite a 16.6% increase in expenses and funding for international growth initiatives; management explained that the improvement would have been approximately 100 additional basis points excluding pass-through items, recent acquisitions, and international expansion investments. For comparison with GAAP data, the company recorded Q1 FY2026 revenue of $846.5 million, net income of $14.4 million, and earnings per share of $0.08, while trailing-twelve-month revenue was $3.9 billion and net income was $149.4 million.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is "Buy," with an average target of $20.33 and a target range of $19 to $22, while the 52-week range extends from $13.36 to $19.835. The average target is approximately 2.5% above the 52-week range high, and the highest target is approximately 10.9% above it, but the narrow target range means the valuation case depends on delivering FY2026 guidance of approximately 16% revenue growth and 19% adjusted earnings per share growth, while accounting for more difficult comparisons and volatility in transaction timing.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Newmark's revenue rose 17% to $888.4 million in Q2 FY2026, compared with $759.1 million a year earlier. Management and servicing and other revenue grew 17.7%, leasing increased 17.2%, and capital markets rose 16%. Leasing benefited from office activity in New York City, the San Francisco Bay Area, and Los Angeles, while multifamily, industrial, and office property sales supported capital markets activity.
Adjusted earnings per share rose 25.8% to $0.39 in Q2 FY2026, compared with $0.31 a year earlier. Adjusted earnings before interest, taxes, depreciation, and amortization increased 22.1% to $139.2 million, and its margin improved by 65 basis points. Management said the margin improvement would have been approximately 100 additional basis points excluding pass-through items, recent acquisitions, and international growth investments.
Management maintained its FY2026 guidance unchanged on the July 29, 2026 call. At the midpoints, it expects approximately 16% growth in total revenue, 19% growth in adjusted earnings per share, and 20% growth in adjusted earnings before interest, taxes, depreciation, and amortization. Management explained that the second half faces a more difficult comparison following 20% growth in the corresponding period and that the timing of some large transactions is difficult to determine.
Management and servicing and other revenue rose 17.7% in Q2 FY2026, achieving a fourth consecutive record quarter. Management is targeting more than $2 billion in annual revenue from these businesses by 2029, implying growth in the mid-teens range over the period. RealFoundations supports this path through MRI and Yardi system implementation and integration services and cross-selling with Newmark's consulting and managed-services practices.
Management said on July 29, 2026 that Newmark is participating in a number of data center and digital infrastructure financing opportunities, with continued demand for capital to meet computing and power needs. In affordable housing, the company described its investment sales platform as ranking first and including businesses related to Section 8 and LIHTC programs. The company also attributed part of the growth in multifamily property sales in Q2 FY2026 to senior housing and affordable housing and described the second-half GSE pipeline as strong.
Newmark's activity is affected by the timing of large transactions; loan origination in Q2 FY2026 faced a comparison with a $7 billion transaction in the prior period. Management also said interest rates strongly affected multifamily real estate and that some markets are experiencing overbuilding, while the values of some traded assets declined 25% to 35% from their previous transactions. In addition, guidance was not raised because of the difficult second-half comparison, macroeconomic uncertainty, and difficulty determining the timing of large transactions.
