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Marcus & Millichap(NYSE) MMI

Market Cap$1.20BMarket 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)+149%
5 Year-14%
1 Year+4%
1 Month+6%
$31.64
-0.41%
-0.13Today
Marcus & Millichap last closing stock price
MetricPriceDate
Last closeUSD 31.772026-08-13
Marcus & Millichap stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.25%USD 31.692026-08-06
1 month+6.36%USD 29.872026-07-14
3 month+12.74%USD 28.182026-05-15
Year to date+17.54%USD 27.032025-12-31
1 year+3.64%USD 30.652025-08-13
3 year-4.43%USD 33.242023-08-14
5 year-13.74%USD 36.832021-08-13
Since inception+149.1%USD 12.752013-11-01

Marcus & Millichap Financials at a Glance

Market Cap

$1.20BMarket 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

86.07

Dividend

$0.50

Beta (Volatility)

0.99 (Low)

Price

$31.64

Volume

19,208.334

Open

$31.82

Previous Close

$31.77

Daily Range

$31.33 - $31.82

52-Week Range

$24.43 - $33.62

Estimated Earnings Date

Aug 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

48

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About Marcus & Millichap

Marcus & Millichap helps people buy and sell commercial buildings. It also finds loans for investors needing money for real estate. The firm focuses on deals between $1 million and $10 million.

How the Firm Serves Investors

  • Real Estate Brokerage: Represents property owners in selling buildings and helps buyers find new investments; accounts for 84% of 2025 revenue.
  • Financing Services: Arranges senior debt, mezzanine debt, and other capital solutions through Marcus & Millichap Capital Corporation; represents 14% of 2025 revenue.
  • Research and Advisory: Provides market analysis, property valuations, and strategy consulting for real estate investors; contributes 2% to 2025 revenue.
  • Auction Services: Provides an accelerated channel for buying and selling commercial properties to complement traditional marketing methods.

Growing the Network

  • Formed a strategic alliance with M&T Realty Capital Corporation in 2021 to offer specialized agency financing through government-sponsored lenders.
  • Expanded the fellowship training program from 17 to 22 U.S. cities during 2025 to develop new talent.
  • Appointed a new Senior Director, National Sales Recruiter in 2025 to increase the size of the sales force.
  • Grew the summer internship program by 43% in 2025 across 37 different offices in the United States and Canada.

What Sets the Firm Apart

Marcus & Millichap uses an internal system called MNet to match buyers with sellers across North America in real-time. The company focuses on the private client market for deals under $10 million rather than just large corporate transactions.

Looking at Recent Financial Performance

  • Revenue reached $243.9 million in Q4 2025, up 1.6% year-over-year.
  • Operating income rose to $15.4 million in Q4 2025, a 130% increase from Q4 2024.
  • Net income reached $13.3 million in Q4 2025, up 55.7% from the prior year.
  • Free cash flow hit $43.9 million in Q4 2025, down 20.4% from Q4 2024.

Evolution of the Business

Marcus & Millichap has evolved into a technology-driven brokerage focused on the active private client market. Its combination of internal matching tools and a national platform supports consistent transaction activity in various economic climates.

AI Generated • May 2, 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

1.16%

Dividend Yield

1.57%

Payout Ratio

80.26%

Stock Overview

Market Cap

$1.20BMarket 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

19.21K

Avg. Volume

198.55K

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

$1.20BMarket 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

$1.41M

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 $31.51 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 1.57%.

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