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Douglas Elliman Inc.（DOUG）与NEWMARK GROUP, INC.（NMRK）财务数据对比。点击上方公司名可切换其他公司
NEWMARK GROUP, INC.的季度营收约是Douglas Elliman Inc.的3.5倍（$859.5M vs $245.4M）。Douglas Elliman Inc.净利率更高（27.9% vs 7.9%，领先20.0%）。NEWMARK GROUP, INC.同比增速更快（18.1% vs 0.9%）。NEWMARK GROUP, INC.自由现金流更多（$608.8M vs $-14.7M）。过去两年NEWMARK GROUP, INC.的营收复合增速更高（38.2% vs 10.7%）
Douglas Elliman Inc.是美国领先的住宅房地产经纪企业，提供高端房产买卖、租赁、物业管理及相关咨询服务，核心业务覆盖纽约、加州、佛罗里达、得克萨斯等都会区，主要服务高净值客户群体。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
DOUG vs NMRK — 直观对比
营收规模更大
NMRK
是对方的3.5倍
$245.4M
营收增速更快
NMRK
高出17.3%
0.9%
净利率更高
DOUG
高出20.0%
7.9%
自由现金流更多
NMRK
多$623.5M
$-14.7M
两年增速更快
NMRK
近两年复合增速
10.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $245.4M | $859.5M |
| 净利润 | $68.6M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | 14.4% |
| 净利率 | 27.9% | 7.9% |
| 营收同比 | 0.9% | 18.1% |
| 净利润同比 | 1243.4% | 49.7% |
| 每股收益（稀释后） | $0.80 | $0.37 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DOUGNMRK
| Q4 25 | $245.4M | $859.5M | ||
| Q3 25 | $262.8M | $715.0M | ||
| Q2 25 | $271.4M | $639.6M | ||
| Q1 25 | $253.4M | $556.2M | ||
| Q4 24 | $243.3M | $727.5M | ||
| Q3 24 | $266.3M | $568.0M | ||
| Q2 24 | $285.8M | $527.3M | ||
| Q1 24 | $200.2M | $450.2M |
净利润DOUGNMRK
| Q4 25 | $68.6M | $68.0M | ||
| Q3 25 | $-24.7M | $46.2M | ||
| Q2 25 | $-22.7M | $20.8M | ||
| Q1 25 | $-6.0M | $-8.8M | ||
| Q4 24 | $-6.0M | $45.4M | ||
| Q3 24 | $-27.2M | $17.8M | ||
| Q2 24 | $-1.7M | $14.3M | ||
| Q1 24 | $-41.5M | $-16.3M |
营业利润率DOUGNMRK
| Q4 25 | 27.3% | 14.4% | ||
| Q3 25 | -4.1% | 11.9% | ||
| Q2 25 | -2.0% | 6.7% | ||
| Q1 25 | -2.1% | -3.1% | ||
| Q4 24 | -6.7% | 14.3% | ||
| Q3 24 | -2.8% | 7.2% | ||
| Q2 24 | -1.3% | 7.7% | ||
| Q1 24 | -20.7% | -5.0% |
净利率DOUGNMRK
| Q4 25 | 27.9% | 7.9% | ||
| Q3 25 | -9.4% | 6.5% | ||
| Q2 25 | -8.4% | 3.3% | ||
| Q1 25 | -2.4% | -1.6% | ||
| Q4 24 | -2.5% | 6.2% | ||
| Q3 24 | -10.2% | 3.1% | ||
| Q2 24 | -0.6% | 2.7% | ||
| Q1 24 | -20.7% | -3.6% |
每股收益（稀释后）DOUGNMRK
| Q4 25 | $0.80 | $0.37 | ||
| Q3 25 | $-0.29 | $0.25 | ||
| Q2 25 | $-0.27 | $0.11 | ||
| Q1 25 | $-0.07 | $-0.05 | ||
| Q4 24 | $-0.06 | $0.25 | ||
| Q3 24 | $-0.33 | $0.10 | ||
| Q2 24 | $-0.02 | $0.08 | ||
| Q1 24 | $-0.50 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $115.5M | $229.1M |
| 总债务越低越好 | — | $671.7M |
| 股东权益账面价值 | $183.9M | $1.5B |
| 总资产 | $444.4M | $5.0B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资DOUGNMRK
| Q4 25 | $115.5M | $229.1M | ||
| Q3 25 | $143.0M | $224.1M | ||
| Q2 25 | $136.3M | $195.8M | ||
| Q1 25 | $136.8M | $157.1M | ||
| Q4 24 | $145.5M | $197.7M | ||
| Q3 24 | $151.4M | $178.6M | ||
| Q2 24 | $92.9M | $176.4M | ||
| Q1 24 | $91.5M | $140.9M |
总债务DOUGNMRK
| Q4 25 | — | $671.7M | ||
| Q3 25 | — | $746.5M | ||
| Q2 25 | — | $871.2M | ||
| Q1 25 | — | $770.9M | ||
| Q4 24 | — | $670.7M | ||
| Q3 24 | — | $770.4M | ||
| Q2 24 | — | $745.2M | ||
| Q1 24 | — | $670.2M |
股东权益DOUGNMRK
| Q4 25 | $183.9M | $1.5B | ||
| Q3 25 | $115.1M | $1.4B | ||
| Q2 25 | $137.6M | $1.3B | ||
| Q1 25 | $158.2M | $1.3B | ||
| Q4 24 | $162.2M | $1.2B | ||
| Q3 24 | $173.6M | $1.2B | ||
| Q2 24 | $196.9M | $1.2B | ||
| Q1 24 | $195.1M | $1.2B |
总资产DOUGNMRK
| Q4 25 | $444.4M | $5.0B | ||
| Q3 25 | $480.6M | $5.5B | ||
| Q2 25 | $489.0M | $5.4B | ||
| Q1 25 | $493.9M | $4.8B | ||
| Q4 24 | $493.9M | $4.7B | ||
| Q3 24 | $502.7M | $5.0B | ||
| Q2 24 | $463.9M | $4.8B | ||
| Q1 24 | $461.1M | $4.4B |
负债/权益比DOUGNMRK
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.54× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-14.4M | $618.5M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $608.8M |
| 自由现金流率自由现金流/营收 | -6.0% | 70.8% |
| 资本支出强度资本支出/营收 | 0.1% | 1.1% |
| 现金转化率经营现金流/净利润 | -0.21× | 9.10× |
| 过去12个月自由现金流最近4个季度 | $-17.2M | $142.6M |
8季度趋势，按日历期对齐
经营现金流DOUGNMRK
| Q4 25 | $-14.4M | $618.5M | ||
| Q3 25 | $5.5M | $112.6M | ||
| Q2 25 | $642.0K | $-379.7M | ||
| Q1 25 | $-5.6M | $-179.4M | ||
| Q4 24 | $-9.0M | $402.6M | ||
| Q3 24 | $9.0M | $-85.2M | ||
| Q2 24 | $1.3M | $-258.5M | ||
| Q1 24 | $-27.3M | $-68.8M |
自由现金流DOUGNMRK
| Q4 25 | $-14.7M | $608.8M | ||
| Q3 25 | $4.7M | $104.9M | ||
| Q2 25 | $-575.0K | $-386.2M | ||
| Q1 25 | $-6.7M | $-184.8M | ||
| Q4 24 | $-10.2M | $396.6M | ||
| Q3 24 | $7.7M | $-94.4M | ||
| Q2 24 | $432.0K | $-267.8M | ||
| Q1 24 | $-29.4M | $-75.8M |
自由现金流率DOUGNMRK
| Q4 25 | -6.0% | 70.8% | ||
| Q3 25 | 1.8% | 14.7% | ||
| Q2 25 | -0.2% | -60.4% | ||
| Q1 25 | -2.6% | -33.2% | ||
| Q4 24 | -4.2% | 54.5% | ||
| Q3 24 | 2.9% | -16.6% | ||
| Q2 24 | 0.2% | -50.8% | ||
| Q1 24 | -14.7% | -16.8% |
资本支出强度DOUGNMRK
| Q4 25 | 0.1% | 1.1% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 0.4% | 1.0% | ||
| Q4 24 | 0.5% | 0.8% | ||
| Q3 24 | 0.5% | 1.6% | ||
| Q2 24 | 0.3% | 1.8% | ||
| Q1 24 | 1.0% | 1.6% |
现金转化率DOUGNMRK
| Q4 25 | -0.21× | 9.10× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | — | -18.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.86× | ||
| Q3 24 | — | -4.79× | ||
| Q2 24 | — | -18.10× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
