Newmark GROUP, Inc. (NMRK) intrinsic value & 10-year financials
Newmark GROUP, Inc. (NMRK) has a Graham intrinsic value of $1.76 per share. At $11.86 on Oct 17, 2026, the stock trades 574% above that value. Over the last 10 fiscal years revenue grew 8.3% a year to $2.8B, with an average return on invested capital of 15.3%.
- Graham intrinsic value
- $1.76
- Share price (Oct 17, 2026)
- $11.86
- Price vs Graham value
- 574% above
- Market cap
- $3.0B
- Revenue (FY2025)
- $2.8B
- Revenue growth (10-yr CAGR)
- 8.3%
- ROIC (10-yr avg)
- 15.3%
- Free cash flow (FY2025)
- $142.6M
NMRK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.8B | $126.2M | $0.68 | $142.6M | 8.4% | 7.6% |
| FY2024 | $2.3B | $61.2M | $0.34 | -$41.4M | 7.2% | 4.2% |
| FY2023 | $2.1B | $42.6M | $0.24 | -$321.3M | 6.0% | 2.9% |
| FY2022 | $2.3B | $83.3M | $0.45 | $1.1B | 8.1% | 5.7% |
| FY2021 | $2.5B | $750.7M | $3.80 | -$68.4M | 50.2% | 52.9% |
| FY2020 | $1.4B | $80.1M | $0.39 | -$797.3M | 12.8% | 9.6% |
| FY2019 | $1.8B | $117.3M | $0.58 | $952.2M | 13.4% | 15.2% |
| FY2018 | $1.7B | $106.7M | $0.64 | -$353.4M | 19.6% | 20.1% |
| FY2017 | $1.6B | $144.5M | $0.85 | $834.6M | 12.5% | 17.6% |
| FY2016 | $1.3B | $168.4M | — | -$671.4M | 12.4% | 16.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NEWMARK GROUP, INC. is a consistent compounder, expanding top-line revenue at 8.3% annually over the past decade.
NEWMARK GROUP, INC. has earned high returns on invested capital, averaging 15.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
NEWMARK GROUP, INC. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, NEWMARK GROUP, INC. is modeled at -2.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.76 per share.