MMI

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Marcus & Millichap, Inc.

Cyclical demand Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $28.96
52-Week Range: $24.43 – $33.55
Market Cap: $1.08B
P/E (TTM): 77.22
EPS (TTM): 0.37
Dividend Yield: 1.75%

Advanced Metrics

Price/Book: 1.87
PEG Ratio: —
Return on Equity: 2.42%
Return on Assets: 0.80%
Gross Margin: 37.72%
Operating Margin: 1.09%
Profit Margin: 1.77%
Current Ratio: 2.92
Debt/Equity: 0.13
Total Debt: $74.15M
Free Cash Flow: $68.31M
Revenue Growth: 17.80%
Earnings Growth: —
Enterprise Value: $940.96M

MMI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.30B	$645.93M	$696.06M	$755.16M
Cost of Revenue	$850.89M	$406.64M	$431.47M	$470.49M
Gross Profit	$450.82M	$239.28M	$264.59M	$284.67M
Selling, General & Admin	$300.01M	$285.02M	$280.91M	$286.28M
Operating Expenses	$313.42M	$298.65M	$297.50M	$298.38M
Operating Income	$137.40M	-$59.37M	-$32.91M	-$13.71M
EBITDA	$156.14M	-$25.89M	$4.37M	$15.89M
Pretax Income	$142.03M	-$40.40M	-$13.03M	$3.02M
Income Tax	$37.80M	-$6.37M	-$666.00K	$4.93M
Net Income	$104.22M	-$34.03M	-$12.36M	-$1.91M
Diluted EPS	2.59	-0.88	-0.32	-0.05
Diluted Shares	40.42M	38.66M	38.68M	38.94M

MMI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$235.87M	$170.75M	$153.44M	$161.92M
Receivables	$21.91M	$30.81M	$45.69M	$37.37M
Current Assets	$527.14M	$393.69M	$410.32M	$309.21M
Total Assets	$1.00B	$878.41M	$869.80M	$827.18M
Current Liabilities	$152.01M	$105.27M	$133.02M	$121.45M
Total Debt	$82.09M	$87.74M	$84.22M	$78.25M
Total Liabilities	$290.20M	$233.14M	$238.98M	$224.08M
Retained Earnings	$585.58M	$492.30M	$458.91M	$409.75M
Shareholders' Equity	$713.51M	$645.27M	$630.82M	$603.10M
Working Capital	$375.13M	$288.43M	$277.30M	$187.76M

MMI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$13.63M	-$72.43M	$21.71M	$66.66M
Capital Expenditure	-$11.67M	-$9.37M	-$7.87M	-$7.87M
Free Cash Flow	$1.96M	-$81.80M	$13.84M	$58.78M
Depreciation & Amortisation	$13.41M	$13.63M	$16.59M	$12.10M
Stock-Based Compensation	$17.31M	$24.15M	$23.79M	$24.23M
Investing Cash Flow	-$53.98M	$74.87M	-$9.90M	-$3.82M
Financing Cash Flow	-$105.56M	-$67.68M	-$28.75M	-$54.58M
Dividends Paid	-$60.36M	-$20.10M	-$20.23M	-$20.55M
Share Repurchases	-$29.05M	-$39.44M	-$785.00K	-$25.37M
Net Change in Cash	-$145.90M	-$65.24M	-$16.94M	$8.26M

MMI Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$172.28M	$193.89M	$243.95M	$171.47M	$202.91M
Cost of Revenue	$106.62M	$121.00M	$154.52M	$103.64M	$126.67M
Gross Profit	$65.66M	$72.90M	$89.43M	$67.83M	$76.25M
Selling, General & Admin	$71.55M	$72.53M	$70.65M	$71.22M	$71.69M
Operating Expenses	$74.70M	$75.27M	$74.01M	$73.61M	$74.04M
Operating Income	-$9.04M	-$2.37M	$15.42M	-$5.78M	$2.21M
EBITDA	-$394.00K	$4.41M	$22.76M	$378.00K	$8.75M
Pretax Income	-$3.75M	$1.47M	$19.22M	-$2.17M	$6.26M
Income Tax	$7.29M	$1.23M	$5.91M	$934.00K	$2.36M
Net Income	-$11.04M	$240.00K	$13.31M	-$3.10M	$3.91M
Diluted EPS	-0.28	0.01	0.34	-0.08	0.10
Diluted Shares	39.00M	39.17M	38.96M	38.20M	38.02M

MMI Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$75.11M	$106.32M	$161.92M	$125.02M	$151.77M
Receivables	$61.22M	$41.15M	$37.37M	$33.28M	$37.57M
Current Assets	$302.08M	$309.81M	$309.21M	$245.10M	$270.63M
Total Assets	$792.21M	$812.49M	$827.18M	$754.96M	$765.79M
Current Liabilities	$87.01M	$113.19M	$121.45M	$92.53M	$92.83M
Total Debt	$82.42M	$78.56M	$78.25M	$75.03M	$74.15M
Total Liabilities	$184.43M	$210.25M	$224.08M	$185.91M	$186.88M
Retained Earnings	$425.82M	$415.29M	$409.75M	$373.27M	$376.67M
Shareholders' Equity	$607.77M	$602.24M	$603.10M	$569.05M	$578.91M
Working Capital	$215.07M	$196.62M	$187.76M	$152.57M	$177.81M

MMI Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$21.02M	$52.21M	$46.27M	-$27.57M	$22.18M
Capital Expenditure	-$1.73M	-$2.25M	-$2.40M	-$2.97M	-$945.00K
Free Cash Flow	$19.29M	$49.96M	$43.87M	-$30.55M	$21.23M
Depreciation & Amortisation	$3.15M	$2.74M	$3.35M	$2.39M	$2.35M
Stock-Based Compensation	$6.22M	$5.97M	$5.86M	$6.62M	$6.78M
Investing Cash Flow	-$67.24M	-$19.14M	$25.39M	$33.80M	$4.70M
Financing Cash Flow	-$17.79M	-$1.57M	-$27.15M	-$31.55M	-$9.73M
Dividends Paid	-$9.88M	-$178.00K	-$9.79M	-$775.00K	-$9.58M
Share Repurchases	-$6.97M	-$577.00K	-$17.39M	-$24.95M	-$545.00K
Net Change in Cash	-$64.01M	$31.51M	$44.50M	-$25.31M	$17.15M

Market Snapshot

About

Marcus & Millichap, Inc. is a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services. The company facilitates transactions for multifamily, retail, office, industrial, hospitality, and other property types. Marcus & Millichap operates through a national network of offices and investment professionals.