Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

MMI
Marcus & Millichap, Inc.US flagNew York Stock Exchange
30.05
USD
+1.10
- -
1.14BMarket 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
20.16
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
-0.02
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
2.13
Dividend per Share
0.97
0.01
- -
- -
- -
- -
- -
- -
- -
1.51
0.52
0.52
0.53
0.53
Book Value per Share
-0.2
1.07
2.78
4.44
5.75
7.95
9.85
10.87
14.38
14.65
12.73
11.86
10.52
9.63
Tangible Book Value per Share
1.61
3.01
4.86
6.65
8.08
10.01
11.94
12.43
16.2
16.45
15.37
15.18
14.42
13.62
Basic Weighted Avg Shares
39
39
39
39
39
39
39
40
40
40
39
39
39
39
Sales/Revenue/Turnover
436
572
689
717
720
815
806
717
1,296
1,302
646
696
755
782
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
-0.23
Depreciation Expense
3
3
3
4
5
6
8
11
12
13
14
17
12
12
Net Income, GAAP
8
50
66
65
52
87
77
43
142
104
-34
-12
-2
-1
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
103.97
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
-0.08
Working Capital
63
98
121
156
237
278
308
309
383
375
288
277
188
153
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
569
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
0.01
Return on Capital (%)
1,112.72
175.65
78.48
43.6
25.2
32.01
19.61
8.83
24.63
15.89
- -
- -
-0.47
-0.13
Return on Common Equity (%)
- -
- -
88.74
46.09
25.98
32.59
21.99
10.46
28.36
17.98
-6.32
-2.6
-0.44
-0.14

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
19
19
18
LT Borrowings
- -
- -
- -
LT Finance Leases
59
59
57
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
39
38
38
Market Capitalization
1,143
1,063
1,031

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
310
309
245
Cash, Cash Equivalents & STI
242
258
187
Accounts Receivable, Net
18
15
13
Inventories
- -
- -
- -
Total Current Liabilities
113
121
93
Payables & Accruals
27
16
24
ST Debt
19
19
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -

Company Description

APIChat
CEO
Hessam Nadji
Full Time Employees
897
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

APIChat
  • $910 Million Student Housing Portfolio Sale Facilitated by Institutional Property Advisors

  • Marcus & Millichap Closes $42 Million Two-Property Industrial Sale in Northern Virginia's Data Center Corridor

  • Marcus & Millichap Releases New Single-Tenant Retail Reports as Industry Gathers at ICSC Las Vegas

  • Marcus & Millichap Q1 Earnings Call Highlights

  • Marcus & Millichap Capital Corporation Arranges $54 Million HUD Refinance for Houston-Area Multifamily Asset

  • Marcus & Millichap, Inc. (MMI) Q1 2026 Earnings Call Transcript

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

  • Marcus & Millichap's IPA Capital Markets Arranges $116.5 Million Construction Financing for Pacific Northwest Industrial Property

  • Marcus & Millichap, Inc. (MMI) Shareholder/Analyst Call Prepared Remarks Transcript

  • Marcus & Millichap, Inc. to Report First Quarter 2026 Financial Results on Thursday, May 7, 2026

  • Marcus & Millichap Closes Two Westside Los Angeles Multifamily Sales at Record Value

  • $62 Million Student Housing Portfolio Sale in Los Angeles Brokered by Institutional Property Advisors

  • Deprince Race & Zollo Inc. Grows Stock Position in Marcus & Millichap, Inc. $MMI

  • JPMorgan Chase & Co. Has $1.69 Million Stock Position in Marcus & Millichap, Inc. $MMI

  • Short Interest in Marcus & Millichap, Inc. (NYSE:MMI) Increases By 39.0%

  • Institutional Property Advisors Arranges $114 Million in Acquisition Financing for Fort Worth Retail Portfolio

  • Marcus & Millichap's IPA Capital Markets Arranges $44 Million Financing for Luxury Los Angeles Multifamily Properties

  • Institutional Property Advisors Brokers Sale and Arranges Financing for Boutique West Los Angeles Multifamily Asset

  • First National Bank of Omaha Invests $614,000 in Marcus & Millichap, Inc. $MMI

  • Institutional Property Advisors Brokers $75M Central Coast California Multifamily Asset Sale