Newmark Group Inc. Class A Common Stock (NMRK)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Newmark is a commercial real estate advisor—investment sales, mortgage brokerage, debt placement—a people business where scale and relationships matter but pricing power is modest. Revenue in fiscal 2025 was $2.8B with net income of $126.2M and diluted EPS of $0.68, up from $2.3B, $85.5M, and $0.34 in fiscal 2024. That looks like a cyclical recovery, not a steady compounder. The most recent filed quarter, fiscal Q2 2026 ended 2026-06-30, showed $764.3M revenue, $19.7M net income, and $0.11 diluted EPS—a thin margin. FairStock calculations show return on equity of 11.11%, return on capital employed of just 2.86%, and debt-to-equity of 1.30. Its Altman Z-score of 1.11 and beta of 1.67 suggest financial fragility and cyclicality, though a Piotroski F-Score of 7/9 is a modest positive. The moat is narrow: talent can walk, clients shop fees, and capital markets activity drives results. At $11.71 close on 2026-10-13, FairStock shows P/E 14.64, P/B 1.47, PEG 0.29, and Graham Number $11.97, leaving only 2.17% margin of safety. FCF yield of 27.0% is striking, but I want to see it persist and debt reduced. The Lynch category is SLOW GROWER—five-year profit growth 2.9%—so I would not pay a premium. This is a fair-to-modestly-cheap, cyclical, leveraged services business, not a fortress.

In plain English: Newmark is a commercial real estate advisory firm that helps clients sell, finance, and lease property. It has grown revenue and profit recently, but profit margins are thin and it carries a lot of debt, so the business looks cyclical rather than rock-solid. At $11.71, the price looks close to what its earnings and accounting value suggest, so it appears fair to slightly cheap rather than a bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer