Douglas Elliman IncDouglas Elliman Inc
Douglas Elliman Inc

Douglas Elliman Inc

DOUG
Real Estate·Real Estate Management & Development

Douglas Elliman, Inc. is an independent residential real estate brokerage firm. It is engaged principally in two business segments: Real Estate Brokerage and Corporate & Other. The Real Estate Brokerage segment consists of residential real estate brokerage services through its subsidiary, Douglas Elliman Realty, which operates a residential brokerage company in the New York metropolitan area and also conducts residential real estate brokerage operations in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey and Texas. The Corporate & Other segment consists of the operations of the holding company as well as its investment business that invests in select PropTech opportunities through its New Valley Ventures subsidiary. The company was founded by Douglas Elliman in 1911 and is headquartered in Miami, FL.

Florida; U.S.A
Market cap
No dataNo data
Revenue
$1B+3.8% YoY
Net income
$15.2M+119.9% YoY
Free cash flow
$-17.2M+45.3% YoY

Market

Listed stock
DOUGPriceNYSE
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Financial performance

Revenue
$1B+3.8% YoY
Operating income
$45.5M+166.1% YoY
Net income
$15.2M+119.9% YoY
Free cash flow
$-17.2M+45.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $1.4B, 2022 $1.2B, 2023 $955.6M, 2024 $995.6M, 2025 $1B. Operating income: 2021 $102.1M, 2022 $-4.5M, 2023 $-64.5M, 2024 $-68.8M, 2025 $45.5M. Net income: 2021 $98.8M, 2022 $-5.6M, 2023 $-42.6M, 2024 $-76.3M, 2025 $15.2M. Free cash flow: 2021 $123.7M, 2022 $-23.3M, 2023 $-36.6M, 2024 $-31.5M, 2025 $-17.2M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
3.8%−43 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
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Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $102.1M, 2022-12-31 $-4.5M, 2023-12-31 $-64.5M, 2024-12-31 $-68.8M, 2025-12-31 $45.5M. Net income: 2021-12-31 $98.8M, 2022-12-31 $-5.6M, 2023-12-31 $-42.6M, 2024-12-31 $-76.3M, 2025-12-31 $15.2M. Free cash flow: 2021-12-31 $123.7M, 2022-12-31 $-23.3M, 2023-12-31 $-36.6M, 2024-12-31 $-31.5M, 2025-12-31 $-17.2M

Growth heatmap

2022202320242025CAGR
Revenue
-14.8%
-17.1%
+4.2%
+3.8%
-6.5%
Gross profit
-14.9%
-17.3%
-100.5%
+18.9%
No data
Operating income
-104.4%
-1320.3%
-6.7%
+166.1%
-18.3%
Free cash flow
-118.8%
-57.0%
+13.8%
+45.3%
No data

Earnings quality

Operating cash flow
$-13.9M+46.5% YoY
Net income
$15.2M+119.9% YoY
Free cash flow
$-17.2M+45.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -91%, 2024-12-31 34%, 2023-12-31 71%, 2022-12-31 262%, 2021-12-31 129%. Free cash flow: 2025-12-31 -113%, 2024-12-31 41%, 2023-12-31 86%, 2022-12-31 414%, 2021-12-31 125%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
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Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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