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Marcus & Millichap(NYSE) MMI

Market Cap$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2013)+144%
5 Year-13%
1 Year+3%
1 Month+4%
Premium Feature
Moneyball Superscore
51/100
$32.03
+2.99%
+0.93Today
After hours$32.07+$0.04 (+0.13%)
Marcus & Millichap last closing stock price
MetricPriceDate
Last closeUSD 32.112026-09-03
Marcus & Millichap stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.07%USD 31.772026-08-27
1 month+3.85%USD 30.922026-08-04
3 month+6.68%USD 30.102026-06-05
Year to date+18.8%USD 27.032025-12-31
1 year+2.97%USD 31.182025-09-03
3 year+0.34%USD 32.002023-09-01
5 year-13.16%USD 36.982021-09-03
Since inception+143.85%USD 12.752013-11-01

Marcus & Millichap Financials at a Glance

Market Cap

$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$812.22M

Net Income (TTM)

$14.36M

EPS (TTM)

$0.37

P/E Ratio

87.00

Dividend

$0.50

Beta (Volatility)

0.99 (Low)

Price

$32.03

Volume

121,910

Open

$31.49

Previous Close

$32.11

Daily Range

$31.47 - $32.19

52-Week Range

$24.43 - $33.62

Estimated Earnings Date

Nov 6, 2026

MMI News

SellAlert-Blue.png

Investment Manager Closes the Book on Real Estate Stock, According to Recent SEC Filing

Jake LerchFeb 12, 2026
transcripts-logo

MARCUS & MILLICHAP (MMI) Q4 2017 Earnings Conference Call Transcript

Motley Fool StaffMar 12, 2018

MMI: Motley Fool Moneyball Superscore

51

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About Marcus & Millichap

Marcus & Millichap helps people buy and sell commercial properties. It also assists clients with finding loans for real estate. The firm serves property owners, developers, and institutional investors.

Selling and Financing Properties

  • Real Estate Brokerage: Sales of commercial assets like apartment buildings and offices; generated 82% of revenue in the three-month period ended June 30, 2026.
  • Financing Services: Loans for property purchases and refinancing existing debt; accounted for 15% of revenue in the three-month period ended June 30, 2026.
  • Other Services: Consulting, advisory, and leasing expertise for diverse client groups; represented 3% of revenue in the three-month period ended June 30, 2026.

Strategic Alliances and Shareholder Returns

  • Formed a strategic alliance with M&T Realty Capital Corporation to provide loan opportunities funded through Fannie Mae.
  • Expanded activities in the larger transaction market, which includes deals valued at $20 million and higher.
  • Declared a semi-annual regular dividend of $0.25 per share in February 2026.
  • Operated more than 80 offices across the United States and Canada as of June 30, 2026.

Leading the Market in Transactions

The firm has been the leading U.S. commercial real estate broker by transaction count for over 15 years. It manages a network of 1,677 professionals operating from more than 80 offices in the United States and Canada.

Financial Performance by the Numbers

  • Total revenue reached $202.9 million for the three-month period ended June 30, 2026, up 17.8% year over year.
  • Net income hit $3.9 million during the three-month period ended June 30, 2026, up 135.4% year over year.
  • Adjusted EBITDA rose to $12.1 million for the three-month period ended June 30, 2026, up 732.6% year over year.
  • Total brokerage sales volume reached $9.5 billion in the three-month period ended June 30, 2026.

The Firm's Long-Term Evolution

Marcus & Millichap has transitioned from a niche brokerage into a national firm providing both sales and capital market solutions. Its focus on private clients and broad market coverage helps it navigate changing economic cycles.

AI Generated • Aug 7, 2026

Industry

Real Estate Management and Development

Sector

Real Estate

Employees

854

CEO

Hessam Nadji

Website

www.marcusmillichap.com

Headquarters

Calabasas, CA 91302, US

MMI Financials

Key Financial Metrics (TTM)

Gross Margin

35.63%

Operating Margin

1.26%

Net Income Margin

1.77%

Return on Equity

2.44%

Return on Capital

-1.80%

Return on Assets

1.87%

Earnings Yield

1.15%

Dividend Yield

1.56%

Payout Ratio

80.26%

Stock Overview

Market Cap

$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

37.87M

Volume

121.91K

Avg. Volume

150.29K

Financials (TTM)

Gross Profit

$289.43M

Operating Income

$10.27M

EBITDA

$36.30M

Operating Cash Flow

$98.48M

Capital Expenditure

-$4.65M

Free Cash Flow

$93.83M

Cash & ST Invst.

$216.54M

Total Debt

$74.15M

Marcus & Millichap Performance Analysis

Marcus & Millichap annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,301,410,0000.4%
20232023-12-31USD 645,927,000-50.4%
20242024-12-31USD 696,060,0007.8%
20252025-12-31USD 755,156,0008.5%
Marcus & Millichap sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3012.5%
Q42025-12-3125.8%
Q12026-03-31-29.7%
Q22026-06-3018.3%
Marcus & Millichap annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.59-26.9%
20232023-12-31USD -0.88N/A
20242024-12-31USD -0.32-63.7%
20252025-12-31USD -0.05-84.6%
Marcus & Millichap sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30102.2%
Q42025-12-315473.8%
Q12026-03-31-123.5%
Q22026-06-30225.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$202.92M

+17.8%

Gross Profit

$76.25M

+28.5%

Gross Margin

37.58%

N/A

Market Cap

$1.22BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.42M

N/A

Employees

854

N/A

Net Income

$3.91M

+135.4%

EBITDA

$8.75M

+2321.6%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$216.54M

-0.8%

Total Debt

$74.15M

-10.0%

Accounts Receivable

$37.57M

-38.6%

Inventory

$0.00

N/A

Long Term Debt

$56.65M

-11.2%

Short Term Debt

$17.50M

-6.1%

Return on Assets

1.87%

N/A

Return on Invested Capital

1.37%

N/A

Free Cash Flow

$30.55M

+58.4%

Operating Cash Flow

$27.57M

+31.2%

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Questions About MMI

What is the current price of Marcus & Millichap?

Marcus & Millichap is trading at $32.11 per share.

What is the 52-week range for Marcus & Millichap?

Over the past 52 weeks, Marcus & Millichap has traded between $24.43 and $33.62.

How much debt does Marcus & Millichap have?

As of the most recent reporting period, Marcus & Millichap reported total debt of $74.15M.

How much cash does Marcus & Millichap have on hand?

Marcus & Millichap reported $153.52M in cash and cash equivalents in its most recent financial results.

What is Marcus & Millichap’s dividend yield?

Marcus & Millichap currently has a dividend yield of 1.56%.

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