CBRE Group
CBRE · Real Estate Services
$123.30
6.1%Newmark Group
NMRK · Real Estate Services
$11.52
2.5%The short version
- CBRE Group is the larger business, with $40.6B of revenue in fiscal 2025 against $3.3B for Newmark Group, about 12 times as much.
- Newmark Group grew revenue faster (20.3%, against 13.4%).
- Newmark Group kept more of each dollar of sales as operating profit (7.1% operating margin, against 4.3% operating margin).
- Newmark Group turned more of its sales into free cash flow (4.3% FCF margin, against 2.9% FCF margin).
- CBRE Group earned a higher return on the capital invested in it (10.2%, against 8.6%).
- Investors pay more for each dollar of CBRE Group’s earnings: a P/E of 26.4x against 14.4x for Newmark Group.
| Latest fiscal year | CBRE · FY25 | NMRK · FY25 |
|---|---|---|
| Size | ||
| Market cap | $36.0B | $2.9B |
| Revenue | $40.6B | $3.3B |
| Free cash flow | $1.2B | $143M |
| Net income | $1.2B | $126M |
| Growth | ||
| Revenue growth | 13.4% | 20.3% |
| 5-year growth | 11.2% | 11.6% |
| Share count change | −2.4% | 42.6% |
| Profitability | ||
| Gross margin | 18.7% | — |
| Operating margin | 4.3% | 7.1% |
| Net margin | 2.9% | 3.8% |
| FCF margin | 2.9% | 4.3% |
| Return on capital | 10.2% | 8.6% |
| Return on equity | 13.4% | 9.5% |
| Balance sheet | ||
| Net debt | $6.0B | $443M |
| Net debt / EBITDA | 2.4x | 1.1x |
| Dividends and buybacks | $968M | $127M |
| Valuation & quality | ||
| P/E | 26.4x | 14.4x |
| Piotroski F-score | 7 | 7 |
FY16
CBRE $17.4B
NMRK $1.4B
FY17
CBRE $18.6B
NMRK $1.6B
FY18
CBRE $21.3B
NMRK $2.0B
FY19
CBRE $23.9B
NMRK $2.2B
FY20
CBRE $23.8B
NMRK $1.9B
FY21
CBRE $27.7B
NMRK $2.9B
FY22
CBRE $30.8B
NMRK $2.7B
FY23
CBRE $31.9B
NMRK $2.5B
FY24
CBRE $35.8B
NMRK $2.7B
FY25
CBRE $40.6B
NMRK $3.3B
CBRE
NMRK
FY16
CBRE 4.7%
NMRK 12.4%
FY17
CBRE 5.8%
NMRK 12.5%
FY18
CBRE 5.1%
NMRK 16.2%
FY19
CBRE 5.3%
NMRK 11.1%
FY20
CBRE 4.1%
NMRK 9.7%
FY21
CBRE 5.9%
NMRK 43.2%
FY22
CBRE 4.9%
NMRK 6.9%
FY23
CBRE 3.5%
NMRK 5.1%
FY24
CBRE 4.0%
NMRK 6.0%
FY25
CBRE 4.3%
NMRK 7.1%
CBRE
NMRK
FY16
CBRE $426M
NMRK −$671M
FY17
CBRE $716M
NMRK $835M
FY18
CBRE $903M
NMRK −$353M
FY19
CBRE $930M
NMRK $952M
FY20
CBRE $1.6B
NMRK −$797M
FY21
CBRE $2.2B
NMRK −$68.4M
FY22
CBRE $1.4B
NMRK $1.1B
FY23
CBRE $175M
NMRK −$321M
FY24
CBRE $1.4B
NMRK −$41.5M
FY25
CBRE $1.2B
NMRK $143M
CBRE
NMRK
FY16
CBRE 8.4%
NMRK —
FY17
CBRE 10.3%
NMRK —
FY18
CBRE 12.3%
NMRK 21.2%
FY19
CBRE 15.5%
NMRK 13.5%
FY20
CBRE 9.3%
NMRK 10.2%
FY21
CBRE 13.9%
NMRK 70.0%
FY22
CBRE 13.4%
NMRK 8.1%
FY23
CBRE 8.6%
NMRK 4.0%
FY24
CBRE 10.1%
NMRK 5.4%
FY25
CBRE 10.2%
NMRK 8.6%
CBRE
NMRK
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.