The Filing Desk

Howard Hughes vs Newmark Group

Howard Hughes HHH · Newmark Group NMRK · Real Estate Services

Newmark Group reported revenue of $3.3 billion in fiscal 2025, 2.2 times Howard Hughes' $1.5 billion in fiscal 2025. Howard Hughes' revenue fell 15.8% in its latest year, and Newmark Group's grew 20.3%. Howard Hughes had an operating margin of 22.5%, against 7.1% at Newmark Group. Free cash flow was $418 million at Howard Hughes and $143 million at Newmark Group.

Side by side

Howard HughesNewmark Group
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.5B$3.3B
Revenue growth−15.8%20.3%
Revenue growth a year, last 5 years—11.6%
Gross margin——
Operating margin22.5%7.1%
Net margin8.4%3.8%
Free cash flow$418M$143M
Free cash flow margin28.3%4.3%
Return on capital3.4%8.6%
Net debt to EBITDA7.1x1.1x
Dividends and buybacks$0M$127M
Change in diluted share count12.3%42.6%
Last close$73.30$11.34
P/E at the last close15.0×14.2×
Insider trades, last 12 monthsbought $2.1 million, sold $1.6 million—
Piotroski F-score—7 of 8
Amounts in each company's own currency, US$ 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
Howard HughesNewmark Group
Operating margin
Percent of revenue
Howard HughesNewmark Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Howard HughesNewmark 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 Howard Hughes and Newmark Group pages.