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Newmark vs Real Brokerage: revenue, profit, margins and growth compared

Newmark brought in $3.3B of revenue in fiscal 2025, Real Brokerage $2B in fiscal 2025. Revenue changed by +20.3% at Newmark and +55.7% at Real Brokerage on the year before, so Real Brokerage grew faster. Newmark kept 3.8% of its revenue as net profit, Real Brokerage -0.4%. Free cash flow was $142.6M at Newmark and $64.8M at Real Brokerage.

Side by side, latest fiscal year

NMRKREAX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.3B$2B
Revenue growth+20.3%+55.7%
Net income$126.2M-$8.1M
Net margin3.8%-0.4%
Free cash flow$142.6M$64.8M
Free cash flow margin4.3%3.3%
Earnings per share (diluted)$0.68-$0.04
Cash$229.1M$33.2M
Debt$671.7Mn/a
Price to earnings19.2n/a
Market value$2.4B$3.6B
Dividend yield0.92%n/a
Rank by revenue in sector#115 of 444 · Finance#146 of 444 · Finance

Over the years

Revenue
NMRK FY2018: $2BNMRK FY2019: $2.2BNMRK FY2020: $1.9BNMRK FY2021: $2.9BNMRK FY2022: $2.7BNMRK FY2023: $2.5BNMRK FY2024: $2.7BNMRK FY2025: $3.3BREAX FY2021: $16.6MREAX FY2021: $121.7MREAX FY2022: $381.8MREAX FY2023: $689.2MREAX FY2024: $1.3BREAX FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
NMRK $3.3BREAX $2B
Net income
NMRK FY2018: $106.7MNMRK FY2019: $117.3MNMRK FY2020: $109.3MNMRK FY2021: $978.1MNMRK FY2022: $112.5MNMRK FY2023: $62.4MNMRK FY2024: $85.5MNMRK FY2025: $126.2MREAX FY2021: -$3.6MREAX FY2021: -$11.7MREAX FY2022: -$20.6MREAX FY2023: -$27.5MREAX FY2024: -$26.5MREAX FY2025: -$8.1MFY18FY19FY20FY21FY22FY23FY24FY25
NMRK $126.2MREAX -$8.1M
Net margin
NMRK FY2018: 5.2%NMRK FY2019: 5.3%NMRK FY2020: 5.7%NMRK FY2021: 33.7%NMRK FY2022: 4.2%NMRK FY2023: 2.5%NMRK FY2024: 3.1%NMRK FY2025: 3.8%REAX FY2021: -21.9%REAX FY2021: -9.6%REAX FY2022: -5.4%REAX FY2023: -4.0%REAX FY2024: -2.1%REAX FY2025: -0.4%FY18FY19FY20FY21FY22FY23FY24FY25
NMRK 3.8%REAX -0.4%
Revenue growth
NMRK FY2019: +8.3%NMRK FY2020: -14.1%NMRK FY2021: +52.6%NMRK FY2022: -6.9%NMRK FY2023: -8.7%NMRK FY2024: +10.9%NMRK FY2025: +20.3%REAX FY2021: +634.8%REAX FY2022: +213.7%REAX FY2023: +80.5%REAX FY2024: +83.5%REAX FY2025: +55.7%FY19FY20FY21FY22FY23FY24FY25
NMRK +20.3%REAX +55.7%
Free cash flow
NMRK FY2018: -$353.4MNMRK FY2019: $952.2MNMRK FY2020: -$797.3MNMRK FY2021: -$68.4MNMRK FY2022: $1.1BNMRK FY2023: -$321.3MNMRK FY2024: -$41.4MNMRK FY2025: $142.6MREAX FY2021: -$1.6MREAX FY2021: $1.5MREAX FY2023: $18.3MREAX FY2024: $47.7MREAX FY2025: $64.8MFY18FY19FY20FY21FY22FY23FY24FY25
NMRK $142.6MREAX $64.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Newmark and Real Brokerage

Which is bigger by revenue, Newmark or Real Brokerage?

Newmark is bigger by revenue: $3.3B in fiscal 2025, against $2B for Real Brokerage in fiscal 2025.

Which keeps more of its revenue as profit, Newmark or Real Brokerage?

Newmark had a net margin of 3.8% in fiscal 2025; Real Brokerage had -0.4% in fiscal 2025.

Which grew revenue faster, Newmark or Real Brokerage?

In their latest fiscal years revenue changed by +20.3% at Newmark and +55.7% at Real Brokerage.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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