Marcus & Millichap, Inc.
MMI NYSE· Real Estate Agents & Managers (For Others)
Last close · Oct 27, 2026
$27.50
KIRA · Stoqly’s AI analyst, in plain words
- Marcus & Millichap, Inc. had $755M of revenue in fiscal 2025, up 8.5% on the year before. Over five years, revenue changed +1.0% a year on average.
- Its operating margin was −1.8%, up 2.9 pts: of every 100 in sales, about −2 is left after running the business.
- Marcus & Millichap, Inc. lost $1.9M in fiscal 2025.
- Free cash flow was $58.8M in fiscal 2025, 7.8% of revenue.
- Marcus & Millichap, Inc. returned $45.9M to shareholders in fiscal 2025, 78% of free cash flow. The diluted share count rose 0.7%.
Market cap
$1.0B
P/E
76.4x
Revenue
$755M
Net income
−$1.9M
Free cash flow
$58.8M
Operating margin
−1.8%
Marcus & Millichap, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+8.5%
Yes. Sales grew 8.5% last year.
Does it make a profit?
−0.3%
No. It lost money last year.
Does profit turn into cash?
7.8%
Partly. 7.8% of sales ends up as free cash.
How healthy are the accounts?
4 / 7
Mixed. It passes 4 of 7 health tests.
How is the share priced?
76.4x
One share costs 76.4 times its yearly profit per share.
What Marcus & Millichap, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- Marcus & Millichap, Inc.
- CIK
- 0001578732
Marcus & Millichap, Inc. · MMI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.3B | $1.3B | $646M | $696M | $755M |
| Revenue growth | 80.8% | 0.4% | −50.4% | 7.8% | 8.5% |
| Operating margin | 14.6% | 10.6% | −9.2% | −4.7% | −1.8% |
| Net income | $142M | $104M | −$34.0M | −$12.4M | −$1.9M |
| Net margin | 11.0% | 8.0% | −5.3% | −1.8% | −0.3% |
| Diluted EPS | $3.55 | $2.59 | −$0.88 | −$0.32 | −$0.05 |
| Cash | |||||
| Cash from operations | $256M | $13.6M | −$72.4M | $21.7M | $66.7M |
| Capital expenditure | $6.9M | $11.7M | $9.4M | $7.9M | $7.9M |
| Free cash flow | $249M | $2.0M | −$81.8M | $13.8M | $58.8M |
| FCF margin | 19.2% | 0.2% | −12.7% | 2.0% | 7.8% |
| Dividends paid | $0.0M | $60.4M | $20.1M | $20.2M | $20.6M |
| Share buybacks | $0.0M | $29.1M | $39.4M | $0.8M | $25.4M |
| Share count change | 1.1% | −0.0% | −3.8% | 0.0% | 0.7% |
| Debt and strength | |||||
| Cash and short-term investments | $566M | $489M | $340M | $343M | $252M |
| Shareholders' equity | $696M | $714M | $645M | $631M | $603M |
| Current ratio | 2.7x | 3.5x | 3.7x | 3.1x | 2.5x |
| Interest coverage | 326.5x | 194.1x | −66.9x | −40.5x | −17.7x |
| Returns and quality | |||||
| Return on equity | 22.9% | 14.8% | −5.0% | −1.9% | −0.3% |
| Return on tangible equity | 22.0% | 15.8% | −5.7% | −2.1% | −0.3% |
| Piotroski F-score | 5 | 5 | 2 | 4 | 4 |
| Altman Z'' | 7.5 | 7.9 | 6.4 | 6.3 | 5.8 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Marcus & Millichap, Inc. · MMI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $27.50 a share, the company is worth $1.0B: 76.4 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001578732). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.