The Filing Desk

eXp World vs Newmark Group

eXp World AGNT · Newmark Group NMRK · Real Estate Services

eXp World reported revenue of $4.8 billion in fiscal 2025, 1.4 times Newmark Group's $3.3 billion in fiscal 2025. eXp World's revenue grew 4.5% in its latest year, and Newmark Group's grew 20.3%. eXp World had an operating margin of -0.5%, against 7.1% at Newmark Group. Free cash flow was $109 million at eXp World and $143 million at Newmark Group.

Side by side

eXp WorldNewmark Group
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$4.8B$3.3B
Revenue growth4.5%20.3%
Revenue growth a year, last 5 years21.6%11.6%
Gross margin7.0%—
Operating margin−0.5%7.1%
Net margin−0.5%3.8%
Free cash flow$109M$143M
Free cash flow margin2.3%4.3%
Return on capital—8.6%
Net debt to EBITDA—1.1x
Dividends and buybacks$87M$127M
Change in diluted share count2.1%42.6%
Last close$3.10$11.91
P/E at the last close—14.5×
Insider trades, last 12 monthssold $33.5 million—
Piotroski F-score—7 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
eXp WorldNewmark Group
Operating margin
Percent of revenue
eXp WorldNewmark Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
eXp WorldNewmark Group

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the eXp World and Newmark Group pages.