Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

MMI
Marcus & Millichap, Inc.US flagNew York Stock Exchange
31.89
USD
-0.22
- -
1.21BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.24
14.73
17.74
18.44
18.46
20.81
20.47
18.08
32.5
32.56
16.71
18
19.39
21.11
Basic EPS, GAAP
0.21
1.27
1.71
1.66
1.32
2.23
1.95
1.08
3.57
2.61
-0.88
-0.32
-0.05
0.37
Free Cash Flow per Basic Share
2.38
1.77
1.68
1.67
1.54
2.79
0.42
0.79
6.24
0.05
-2.12
0.36
1.51
2.2
Dividend per Share
0.97
0.01
- -
- -
- -
- -
- -
- -
- -
1.51
0.52
0.52
0.53
0.53
Book Value per Share
1.71
3.16
5.05
6.83
8.21
10.55
12.64
13.88
17.54
18.18
16.8
16.23
15.7
15.29
Tangible Book Value per Share
1.71
3.16
5.05
6.83
8.21
10.1
12.02
12.51
16.28
16.76
15.47
15.11
14.61
14.21
Basic Weighted Avg Shares
39
39
39
39
39
39
39
40
40
40
39
39
39
38
Sales/Revenue/Turnover
436
572
689
717
720
815
806
717
1,296
1,302
646
696
755
812
Operating Margin (%)
4.88
14.79
16.64
14.84
13.36
13.78
11.96
7.48
14.61
10.56
-9.19
-4.73
-1.82
1.17
Depreciation Expense
3
3
3
4
5
6
8
11
12
13
14
17
12
11
Net Income, GAAP
8
50
66
65
52
87
77
43
142
104
-34
-12
-2
14
Effective Tax Rate (%)
62.6
40.31
41.47
39.63
48.07
25.56
28.45
27.84
26.3
26.62
- -
- -
163.21
42.07
Profit Margin (%)
1.88
8.66
9.63
9.01
7.16
10.71
9.54
5.98
10.99
8.01
-5.27
-1.78
-0.25
1.77
Working Capital
63
98
121
156
237
278
308
309
383
375
288
277
188
178
LT Debt
12
11
10
9
8
7
63
59
58
65
69
66
59
57
Total Equity
62
117
189
259
315
410
495
547
696
714
645
631
603
579
Return on Invested Capital (%)
15.5
48.2
40.93
27.47
16.86
22.43
13.74
6.39
19.65
12.71
- -
- -
1.24
0.82
Return on Capital (%)
17.09
49.73
41.08
28.02
17.67
23.84
15.59
7.2
20.43
13.35
- -
- -
-0.34
2.2
Return on Common Equity (%)
19.51
55.25
43.39
28.87
17.96
24.09
17.01
8.22
22.92
14.79
-5.01
-1.94
-0.31
2.42

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
19
18
18
LT Borrowings
- -
- -
- -
LT Finance Leases
59
57
57
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
38
Market Capitalization
1,049
1,006
1,180

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
309
245
271
Cash, Cash Equivalents & STI
258
187
215
Accounts Receivable, Net
15
13
14
Inventories
- -
- -
- -
Total Current Liabilities
121
93
93
Payables & Accruals
16
24
13
ST Debt
19
18
18
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.36%
2.72%
-4.39%
Free Cash Flow
-338.08%
-691.76%
324.72%
Net Income, GAAP
-8.48%
-15.03%
-84.56%
Sales/Revenue/Turnover
5.26%
9.42%
8.49%
Total Cash Common Dividend
- -
- -
1.6%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
129
158
169
240
696
2025
145
172
194
244
755
2026
171
203
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.26
-0.14
-0.14
0.22
-0.32
2025
-0.11
-0.28
0.01
0.34
-0.05
2026
-0.08
0.1
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.25
- -
0.25
0.52
2025
0.02
0.25
- -
0.25
0.53
2026
0.02
0.25
- -
- -
- -

Company Description

CEO
Hessam Nadji
Full Time Employees
854
Sector
Real Estate
Industry
Real Estate - Services
Address
23975 Park Sorrento Calabasas CA United States of America 91302
IPO Date
Oct 31, 2013
Business
Marcus & Millichap, Inc. (NYSE: MMI) operates as a leading brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services to private investors, institutional clients, and other market participants across the United States and Canada. Founded in 1971 and headquartered in Calabasas, California, the company provides comprehensive real estate services encompassing investment brokerage and financing for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing properties; capital markets solutions including senior debt, mezzanine debt, joint venture equity, preferred equity, and securitization; loan sales and due diligence services; market research, consulting, and advisory offerings such as opinions of value, portfolio strategies, feasibility studies, and submarket analysis; and leasing services for commercial properties. Through subsidiaries like Marcus & Millichap Capital Corporation (MMCC) and Institutional Property Advisors (IPA), it delivers specialized financing intermediation and institutional sales expertise. In recent developments, the company reported 15.1% year-over-year revenue growth to $193.9 million in Q3 2025, driven by brokerage commissions and financing fees; expanded deal activity including IPA Capital Markets arranging $110 million in joint venture equity and agency financing for a Connecticut multifamily acquisition in 2024 and brokering a $107 million sale with $71 million financing for a San Gabriel Valley multifamily asset in November 2025; secured financing for projects such as $38 million acquisition loans for Detroit multifamily and $28 million for a Washington state property; and pursued strategic growth via technology/AI investments, hiring initiatives, share repurchases with $59 million remaining authorization, and a robust transaction pipeline amid market recovery.

Company News

  • Marcus & Millichap's IPA Capital Markets Arranges $75.1 Million Recapitalization for The Monroe Hotel in Miami Beach's Faena District

  • IPA Capital Markets Arranges $40.3 Million Financing for 312-Unit Birwood Heights in San Antonio

  • IPA Capital Markets Arranges $40.3 Million Financing for 312-Unit Birwood Heights in San Antonio

  • Marcus & Millichap Q2 Earnings Call Highlights

  • Marcus & Millichap, Inc. (MMI) Q2 2026 Earnings Call Transcript

  • Marcus & Millichap, Inc. Reports Preliminary Results for Second Quarter 2026

  • Marcus & Millichap (MMI) Expected to Announce Quarterly Earnings on Thursday

  • Marcus & Millichap's Institutional Property Advisors Division Brokers $90.5 Million Sale of 400 Multifamily Units in West Palm Beach

  • Marcus & Millichap's Institutional Property Advisors Division Brokers $90.5 Million Sale of 400 Multifamily Units in West Palm Beach

  • Marcus & Millichap Declares Regular Semi-Annual Dividend of $0.25 Per Share

  • Marcus & Millichap Declares Regular Semi-Annual Dividend of $0.25 Per Share

  • Marcus & Millichap Selects Deferred as Preferred 1031 Exchange Provider

  • Marcus & Millichap, Inc. to Report Second Quarter 2026 Financial Results on Thursday, August 6, 2026

  • PURECORE COMPLETES PHASE ONE EXPLORATION AT CRITICAL MINERALS PROJECT, BANKIER

  • Marcus & Millichap's IPA Capital Markets Bolsters Its Eastern Region Capital Markets Team

  • Marcus & Millichap Brokers $51 Million Sale of 132-Unit Los Angeles Multifamily Asset

  • Marcus & Millichap Names Brown & Brown Preferred Partner for Insurance and Risk Management

  • AV Introduces TOM 50 RE, a Backpackable UGV for Rapid Reconnaissance and Explosive Ordnance Disposal

  • Marcus & Millichap Capital Corporation Arranges $85 Million in Construction Financing for Beverly Hills Mixed-Use Development

  • Marcus & Millichap Capital Corporation Arranges $85 Million in Construction Financing for Beverly Hills Mixed-Use Development