According to MSCI, Newmark was the third-largest investment broker in the Americas in 2023, ranking 3rd among top CRE brokerage firms. Over the past decade, Newmark has been one of the fastest growing commercial real estate firms, increasing total revenues by more than 1,000% between 2011 and 2022. Its integrated CRE platform delivers seamlessly connected services tailored to every type of client, tapping into smart tech and smarter people to bring ingenuity to every exchange.
Cyborg Score Rationale
The company projects FY26 revenue between $3.700-$3.800 billion, exceeding market expectations. However, the Altman Z-Score of 1.46 places the company in the distress zone, implying potential bankruptcy risk within two years. The debt-to-equity ratio of 1.94 suggests high leverage.
Top Insights
FY2026 revenue projection of $3.7-3.8B exceeds market expectations of $3.64B, signaling confidence in market recovery
High beta of 2.65 indicates significant volatility compared to the market, reflecting CRE sector sensitivity
Newmark has acquired more than 55 companies since 2011, demonstrating aggressive consolidation strategy
Leadership transition in 2025: Barry Gosin assumed additional Chairman role, Stephen Merkel became Board Chairman, Luis Alvarado became COO
Named Competitors
Investment Sales & Brokerage — Global commercial real estate services
Investment Sales & Brokerage — Global real estate services and investment management
Commercial Real Estate Advisory — Global CRE advisory and transaction services
Recent Developments
(February 2025) Howard Lutnick confirmed as U.S. Secretary of Commerce; Barry Gosin assumes Chairman role of operating company
(April 2025) Luis Alvarado appointed Chief Operating Officer
(January 2026) Newmark arranged luxury multifamily sale at 265 East 66th Street in Manhattan valued at $1.35M per unit
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