← NEWMARK GROUP, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.3b |
$1.6b
+18.26%
|
$1.7b
+6.54%
|
$1.8b
+8.33%
|
$1.4b
-22.09%
|
$2.5b
+74.10%
|
$2.3b
-7.78%
|
$2.1b
-9.68%
|
$2.3b
+9.21%
|
$2.8b
+21.88%
|
|
| Interest Income (Expense), Net | — | $2.8m |
($50.2m)
-1902.05%
|
($32.1m)
+36.09%
|
($37.7m)
-17.58%
|
($33.5m)
+11.28%
|
($31.0m)
+7.48%
|
($21.7m)
+29.81%
|
($31.8m)
-46.15%
|
($32.5m)
-2.25%
|
|
| General and Administrative Expense | $185.3m | $219.2m | $331.8m | $361.9m | $294.4m | $553.6m | $534.8m | $536.7m | $597.6m | $658.9m | |
| Labor and Related Expense | $922.3m | $1.1b | $1.4b | $1.5b | $1.3b | $2.2b | $1.7b | $1.6b | $1.8b | $2.2b | |
| Amortization of Intangible Assets | — | $11.1m | $5.6m | $6.9m | $6.7m | $8.9m | $14.3m | $17.1m | $19.8m | $16.1m | |
| Operating expenses: | |||||||||||
| Total operating expenses | $1.2b | $1.5b | $1.8b | $2.1b | $1.7b | $2.9b | $2.4b | $2.4b | $2.6b | $3.1b | |
| Other Operating Income | — | $73.9m | $127.3m | $81.0m | — | — | — | — | — | — | |
| Operating Income (Loss) | $167.4m |
$199.8m
+19.33%
|
$332.6m
+66.47%
|
$246.2m
-25.96%
|
$184.0m
-25.28%
|
$1.3b
+581.84%
|
$185.6m
-85.21%
|
$125.2m
-32.52%
|
$163.0m
+30.21%
|
$234.0m
+43.52%
|
|
| Interest expense, net | — | $2.8m | ($50.2m) | ($32.1m) | ($37.7m) | ($33.5m) | ($31.0m) | ($21.7m) | ($31.8m) | ($32.5m) | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | $0 | $0 | ($900k) | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | — | — | — | — | — | — | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments | — | $1.6m | $2.8m | $7.2m | ($11.6m) | $0 | $2.8m | $14.2m | $0 | $0 | |
| Other income (loss), net | — | — | $127.3m | $81.0m | $15.3m | $1.2b | ($97.7m) | $13.9m | $6.7m | $43.0m | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | — | ($31.8m) | ($32.5m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | $202.6m | $282.4m | $214.1m | $146.3m | $1.2b | $154.6m | $103.5m | $131.3m | $223.6m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $171.2m | $202.6m | $282.4m | $214.1m | $146.3m | $1.2b | $154.6m | $103.5m | $131.3m | $201.5m | |
| Current Income Tax Expense (Benefit) | — | $13.1m | $74.1m | $80.3m | $36.6m | $124.3m | $66.6m | $46.3m | $44.7m | $29.3m | |
| Income Tax Expense (Benefit) | $4.0m | $57.5m | $90.5m | $52.4m | $37.0m | $243.0m | $42.1m | $41.1m | $45.8m | $46.1m | |
| Equity-based compensation and allocations of net income to limited partnership units and FPUs | — | $147.1m | $224.6m | $258.8m | $130.8m | $356.3m | $138.3m | $139.7m | $185.4m | $282.0m | |
| Consolidated net income (loss) | $167.2m | $145.1m | $191.9m | $161.7m | $109.3m | $978.1m | $112.5m | $62.4m | $85.5m | $155.4m | |
| Net income (loss) for fully diluted shares | — | $117.2m | $105.6m | $108.2m | $70.3m | $744.5m | $110.4m | $42.6m | $61.2m | $173.0m | |
| Net Income (Loss) Attributable to Parent | $168.4m |
$144.5m
-14.20%
|
$106.7m
-26.13%
|
$117.3m
+9.91%
|
$80.1m
-31.75%
|
$750.7m
+837.71%
|
$83.3m
-88.91%
|
$62.4m
-25.10%
|
$85.5m
+37.06%
|
$126.2m
+47.60%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $168.4m |
$144.5m
-14.20%
|
$101.6m
-29.66%
|
$104.4m
+2.72%
|
$70.3m
-32.68%
|
$744.5m
+959.36%
|
$83.3m
-88.82%
|
$42.6m
-48.87%
|
$61.2m
+43.83%
|
$126.2m
+106.07%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | ($1.2m) | $604k | $85.2m | $44.4m | $29.2m | $227.4m | $29.3m | $19.8m | $24.3m | $29.3m | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | $13 | — | — | — | — | — | — | |
| Earnings Per Share, Basic | — | $1.08 | $0.65 | $0.59 | $0.39 | $3.91 | $0.46 | $0.25 | $0.36 | $0.71 | |
| Earnings Per Share, Diluted | — | $0.85 | $0.64 | $0.58 | $0.39 | $3.80 | $0.45 | $0.24 | $0.34 | $0.68 | |
| Common Stock, Dividends, Per Share, Declared | — | $0.76 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 | $0.12 | |
| Weighted Average Number of Shares Outstanding, Basic | — | 133.4m | 157.3m | 177.8m | 179.1m | 190.2m | 180.3m | 173.5m | 172.2m | 178.5m | |
| Basic weighted-average shares of common stock outstanding (in shares) | — | 133.4m | 157.3m | 177.8m | 179.1m | 190.2m | 180.3m | 173.5m | 172.2m | 178.5m | |
| Fully diluted weighted-average shares of common stock outstanding (in shares) | — | 138.4m | 163.8m | 185.0m | 179.7m | 195.8m | 245.2m | 176.4m | 177.7m | 253.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | 138.4m | 163.8m | 185.0m | 179.7m | 195.8m | 245.2m | 176.4m | 177.7m | 253.4m | |
| Additional Financial Items | |||||||||||
| Capitalized Computer Software, Amortization | — | — | — | $2.0m | $1.3m | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Realized Investment Gains (Losses) | — | — | $17.9m | $12.6m | — | — | — | — | — | — | |
| Compensation and employee benefits | $850.0m | $1.0b | $1.2b | $1.3b | $1.1b | $1.8b | $1.6b | $1.5b | $1.6b | $1.9b | |
| Fees to related parties | $18.0m | $20.8m | $26.2m | $25.0m | $22.6m | $23.8m | $28.5m | $27.2m | $26.4m | $33.3m | |
| Depreciation and amortization | $72.2m | $95.8m | $97.7m | $131.1m | $141.2m | $121.7m | $165.8m | $166.2m | $174.3m | $181.3m | |
| Income (loss) from operations | $167.4m |
$199.8m
+19.33%
|
$332.6m
+66.47%
|
$246.2m
-25.96%
|
$184.0m
-25.28%
|
$1.3b
+581.84%
|
$185.6m
-85.21%
|
$125.2m
-32.52%
|
$163.0m
+30.21%
|
$234.0m
+43.52%
|
|
| Total compensation and employee benefits | $922.3m | $1.1b | $1.4b | $1.5b | $1.3b | $2.2b | $1.7b | $1.6b | $1.8b | $2.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.