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Newmark Group (Newmark Group) EBIT : $125 Mil (TTM As of Dec. 2023)


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What is Newmark Group EBIT?

Newmark Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $79 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $125 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Newmark Group's annualized ROC % for the quarter that ended in Dec. 2023 was 4.45%. Newmark Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 24.78%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Newmark Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 3.83%.


Newmark Group EBIT Historical Data

The historical data trend for Newmark Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Newmark Group EBIT Chart

Newmark Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only 246.24 184.00 1,254.57 185.57 125.22

Newmark Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.35 -11.81 27.54 30.05 79.44

Competitive Comparison of Newmark Group's EBIT

For the Real Estate Services subindustry, Newmark Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Newmark Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Newmark Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Newmark Group's EV-to-EBIT falls into.



Newmark Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $125 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Newmark Group  (NAS:NMRK) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Newmark Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=278.796 * ( 1 - 35.29% )/( (4108.275 + 3993.278)/ 2 )
=180.4088916/4050.7765
=4.45 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4434.755 - 439.058 - ( 143.582 - max(0, 1597.633 - 1485.055+143.582))
=4108.275

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=4471.575 - 461.797 - ( 164.993 - max(0, 1489.604 - 1506.104+164.993))
=3993.278

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Newmark Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=317.74/( ( (782.064 + max(560.038, 0)) + (774.397 + max(447.615, 0)) )/ 2 )
=317.74/( ( 1342.102 + 1222.012 )/ 2 )
=317.74/1282.057
=24.78 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(528.884 + 0 + 786.994) - (439.058 + 0 + 316.782)
=560.038

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(622.508 + 0 + 708.996) - (461.797 + 0 + 422.092)
=447.615

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Newmark Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=125.215/3269.558
=3.83 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Newmark Group EBIT Related Terms

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Newmark Group (Newmark Group) Business Description

Traded in Other Exchanges
Address
125 Park Avenue, New York, NY, USA, 10017
Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's global clients including many Fortune 500 and Forbes Global 2000 companies, owner-occupiers, government agencies, healthcare and higher education clients.
Executives
Jay Itzkowitz director NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003
Howard W Lutnick director, 10 percent owner, officer: Chairman
Stephen M Merkel officer: EVP, Chief Legal Officer C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Mcintyre Kenneth A Jr director C/O HUDSON CITY BANCORP, INC., WEST 80 CENTURY ROAD, PARAMUS NJ 07652
Barry M Gosin officer: Chief Executive Officer C/O ESPEED, INC., 110 EAST 59TH STREET, NEW YORK NY 10022
Virginia S Bauer director C/O NEWMARK GROUP, INC., 125 PARK AVENUE, NEW YORK NY 10022
Cantor Fitzgerald, L. P. director, 10 percent owner 110 EAST 59TH STREET, NEW YORK NY 10022
Cf Group Management Inc director, 10 percent owner 135 EAST 57TH ST, NEW YORK NY 10022
Michael Snow director C/O GFI GROUP INC., 55 WATER STREET, NEW YORK NY 10041
Bgc Partners, Inc. director, 10 percent owner 499 PARK AVENUE, NEW YORK NY 10022
Peter F Cervinka director C/O NEWMARK GROUP, INC., 125 PARK AVENUE, NEW YORK NY 10022
Michael J. Rispoli officer: Chief Financial Officer C/O NNN 2003 VALUE FUND, LLC, 1551 N. TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705
John H Dalton director 50 OLD WEBSTER ROAD, OXFORD MA 01540
James R Ficarro director, officer: Chief Operating Officer C/O NEWMARK GROUP, INC., 125 PARK AVENUE, NEW YORK NY 10017