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Marcus & Millichap(NYSE) MMI

Current Price$30.45
Market Cap$1.15BMarket 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)+134%
5 Year-11%
1 Year-1%
1 Month+2%
Marcus & Millichap last closing stock price
MetricPriceDate
Last closeUSD 30.382026-07-24
Marcus & Millichap stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.63%USD 31.202026-07-17
1 month+2.43%USD 29.662026-06-24
3 month+7.5%USD 28.262026-04-24
Year to date+12.4%USD 27.032025-12-31
1 year-1.43%USD 30.822025-07-24
3 year-11.26%USD 34.242023-07-25
5 year-10.93%USD 34.112021-07-23
Since inception+134.44%USD 12.752013-11-01

Marcus & Millichap Financials at a Glance

Market Cap

$1.15BMarket 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)

$781.59M

Net Income (TTM)

-$587.00K

EPS (TTM)

-$0.02

P/E Ratio

-1830.12

Dividend

$0.50

Beta (Volatility)

1.00 (Average)

Price

$30.45

Volume

4,504

Open

$30.28

Previous Close

$30.45

Daily Range

$30.28 - $30.67

52-Week Range

$24.43 - $33.62

Estimated Earnings Date

Aug 6, 2026

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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

Employees

854

CEO

Hessam Nadji

Headquarters

Calabasas, CA 91302, US

MMI Financials

Key Financial Metrics (TTM)

Gross Margin

34.87%

Operating Margin

-0.02%

Net Income Margin

-0.08%

Return on Equity

-0.10%

Return on Capital

-1.80%

Return on Assets

-0.08%

Earnings Yield

-0.05%

Dividend Yield

1.65%

Payout Ratio

-35.14%

Stock Overview

Market Cap

$1.15BMarket 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

37.82M

Volume

4.50K

Avg. Volume

220.31K

Financials (TTM)

Gross Profit

$272.53M

Operating Income

-$195.00K

EBITDA

$27.15M

Operating Cash Flow

$91.93M

Capital Expenditure

-$9.36M

Free Cash Flow

$82.57M

Cash & ST Invst.

$187.32M

Total Debt

$75.03M

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
Q22025-06-3018.8%
Q32025-09-3012.5%
Q42025-12-3125.8%
Q12026-03-31-29.7%
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
Q22025-06-30-154.5%
Q32025-09-30102.2%
Q42025-12-315473.8%
Q12026-03-31-123.5%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$171.47M

+18.2%

Gross Profit

$63.05M

+23.6%

Gross Margin

36.77%

N/A

Market Cap

$1.15BMarket 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

$1.35M

N/A

Employees

854

N/A

Net Income

-$3.10M

+29.9%

EBITDA

$378.00K

+103.5%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$187.32M

-29.3%

Total Debt

$75.03M

-10.6%

Accounts Receivable

$33.28M

+147.1%

Inventory

$0.00

N/A

Long Term Debt

$56.71M

-13.0%

Short Term Debt

$18.32M

-2.5%

Return on Assets

-0.08%

N/A

Return on Invested Capital

-0.03%

N/A

Free Cash Flow

-$30.55M

+43.8%

Operating Cash Flow

-$27.57M

+47.8%

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Questions About MMI

What is the current price of Marcus & Millichap?

Marcus & Millichap is trading at $30.45 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 $75.03M.

How much cash does Marcus & Millichap have on hand?

Marcus & Millichap reported $136.51M 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 1.65%.

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