MMI
Marcus & Millichap, Inc.
Price Chart
Latest Quote
$29.70
| Previous Close | $29.43 |
| Open | $29.49 |
| Day High | $30.09 |
| Day Low | $29.60 |
| Volume | 148,365 |
Stock Information
| Quarterly Dividend / Yield | $0.50 / 1.70% |
| Shares Outstanding | 37.82M |
| Quarterly Dividend Yield | 1.70% |
| Quarterly Dividend | $0.50 |
| Total Debt | $75.03M |
| Cash Equivalents | $187.32M |
| Revenue | $781.59M |
| Net Income | $-587K |
| Sector | Real Estate |
| Industry | Real Estate Services |
| Market Cap | $1.12B |
| EPS (TTM) | $-0.02 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $1.00B |
| Sales | $781.59M |
| Income | $-587K |
| Book/sh | $15.05 |
| Cash/sh | $4.95 |
| Employees | 854 |
Financial Ratios
| Quick Ratio | 2.23 |
| Current Ratio | 2.65 |
| Debt/Eq | 13.19 |
Returns & Margins
| ROA | -0.03% |
| ROE | -0.10% |
| Gross Margin | 37.85% |
| Operating Margin | -3.30% |
| Profit Margin | -0.07% |
Ownership
| Insider Ownership | 3.85% |
| Institutional Ownership | 97.03% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 32.99 |
| P/S | 1.44 |
| P/B | 1.97 |
Analyst Data
| Recommendation | none |
| Target Price | $28.00 |
Technical Indicators
| SMA20 | $29.50 |
| SMA50 | $28.86 |
| SMA200 | $28.03 |
| RSI | 56.01 |
| ATR | 0.8457 |
| Shares Float | 23.03M |
| Short Float | 7.24% |
| Short Ratio | 3.59 |
| Volatility | 1.26 |
| Rel Volume | 0.64 |
Performance History
| Week | -0.65% |
| Month | +3.00% |
| Quarter | +14.61% |
| 6 Months | +9.50% |
| YTD | +11.09% |
| Year | -3.34% |
| 3 Years | -4.50% |
| 5 Years | -17.15% |
| 10 Years | +33.78% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-24 | $29.69 | 148,365 |
| 2026-06-23 | $29.43 | 165,200 |
| 2026-06-22 | $28.81 | 270,100 |
| 2026-06-18 | $29.32 | 340,100 |
| 2026-06-17 | $28.98 | 222,500 |
| 2026-06-16 | $29.89 | 222,300 |
| 2026-06-15 | $29.42 | 204,900 |
| 2026-06-12 | $30.16 | 191,700 |
| 2026-06-11 | $30.33 | 162,600 |
| 2026-06-10 | $30.36 | 154,900 |
| 2026-06-09 | $30.57 | 185,300 |
| 2026-06-08 | $30.09 | 131,800 |
| 2026-06-05 | $30.10 | 212,100 |
| 2026-06-04 | $29.92 | 167,300 |
| 2026-06-03 | $28.99 | 254,400 |
| 2026-06-02 | $30.05 | 278,200 |
| 2026-06-01 | $28.95 | 302,800 |
| 2026-05-29 | $28.24 | 512,700 |
| 2026-05-28 | $28.42 | 241,900 |
| 2026-05-27 | $28.32 | 252,400 |
| 2026-05-26 | $27.89 | 581,400 |
About Marcus & Millichap, Inc.
Marcus & Millichap, Inc., an investment brokerage company, provides commercial real estate investment sales, financing services, research and advisory services in the United States and Canada. The company offers research on various property types comprising multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets/financing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, preferred equity, and securitization services, as well as loan sales and due diligence services to commercial real estate owners, developers, and investors. In addition, the company offers a way to buy and sell commercial property as a complement to its traditional property marketing channels. Further, it provides advisory and consulting services, which include opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market strategy, development and redevelopment feasibility studies, and other services; and leasing services for tenants and/or landlords in connection with commercial real estate leases. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.
đ° Latest News
1 High-Flying Stock to Own for Decades and 2 We Turn Down
StockStory âĸ 2026-06-16T20:25:04ZA Look At Marcus & Millichap (MMI) Valuation As Recent Stock Moves Draw Attention
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StockStory âĸ 2026-05-21T07:56:55ZRevealing Analyst Questions From Marcus & Millichapâs Q1 Earnings Call
StockStory âĸ 2026-05-18T03:48:55Z1 Stock Under $50 for Long-Term Investors and 2 Facing Challenges
StockStory âĸ 2026-05-14T01:16:55ZMMI Q1 Deep Dive: Transaction Volume and Financing Growth Signal Market Rebound
StockStory âĸ 2026-05-13T11:24:55ZMarcus & Millichap Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-12T04:04:08ZMarcus & Millichap (MMI) Is Up 6.2% After Narrower Q1 Loss on Higher Revenue - Has The Bull Case Changed?
Simply Wall St. âĸ 2026-05-09T02:19:43ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $470,486,000 | $431,471,000 | $406,645,000 | $850,894,000 |
| Cost Of Revenue | $470,486,000 | $431,471,000 | $406,645,000 | $850,894,000 |
| Total Revenue | $755,156,000 | $696,060,000 | $645,927,000 | $1,301,710,000 |
| Operating Revenue | $736,432,000 | $674,207,000 | $626,650,000 | $1,283,288,000 |
| Expenses | ||||
| Interest Expense | $773,000 | $812,000 | $888,000 | $708,000 |
| Total Expenses | $768,867,000 | $728,969,000 | $705,295,000 | $1,164,309,000 |
| Other Income Expense | $17,504,000 | $20,693,000 | $19,855,000 | $5,336,000 |
| Other Non Operating Income Expenses | $17,504,000 | $20,693,000 | $19,855,000 | $5,336,000 |
| Net Non Operating Interest Income Expense | $-773,000 | $-812,000 | $-888,000 | $-708,000 |
| Interest Expense Non Operating | $773,000 | $812,000 | $888,000 | $708,000 |
| Operating Expense | $298,381,000 | $297,498,000 | $298,650,000 | $313,415,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-1,909,000 | $-12,362,000 | $-34,035,000 | $104,225,000 |
| Net Interest Income | $-773,000 | $-812,000 | $-888,000 | $-708,000 |
| Normalized Income | $-1,909,000 | $-12,362,000 | $-34,035,000 | $104,225,000 |
| Net Income From Continuing And Discontinued Operation | $-1,909,000 | $-12,362,000 | $-34,035,000 | $104,225,000 |
| Total Operating Income As Reported | $-13,711,000 | $-32,909,000 | $-59,368,000 | $137,401,000 |
| Net Income Common Stockholders | $-1,913,000 | $-12,331,000 | $-33,970,000 | $104,188,000 |
| Net Income | $-1,909,000 | $-12,362,000 | $-34,035,000 | $104,225,000 |
| Net Income Including Noncontrolling Interests | $-1,909,000 | $-12,362,000 | $-34,035,000 | $104,225,000 |
| Net Income Continuous Operations | $-1,909,000 | $-12,362,000 | $-34,035,000 | $104,225,000 |
| Pretax Income | $3,020,000 | $-13,028,000 | $-40,401,000 | $142,029,000 |
| Operating Income | $-13,711,000 | $-32,909,000 | $-59,368,000 | $137,401,000 |
| Depreciation Amortization Depletion Income Statement | $12,098,000 | $16,589,000 | $13,627,000 | $13,406,000 |
| Depreciation And Amortization In Income Statement | $12,098,000 | $16,589,000 | $13,627,000 | $13,406,000 |
| Gross Profit | $284,670,000 | $264,589,000 | $239,282,000 | $450,816,000 |
| Per Share | ||||
| Diluted EPS | $-0.05 | $-0.32 | $-0.88 | $2.59 |
| Basic EPS | $-0.05 | $-0.32 | $-0.88 | $2.61 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $15,891,000 | $4,373,000 | $-25,886,000 | $156,143,000 |
| Reconciled Depreciation | $12,098,000 | $16,589,000 | $13,627,000 | $13,406,000 |
| EBITDA (Bullshit earnings) | $15,891,000 | $4,373,000 | $-25,886,000 | $156,143,000 |
| EBIT | $3,793,000 | $-12,216,000 | $-39,513,000 | $142,737,000 |
| Diluted Average Shares | $38,943,000 | $38,678,000 | $38,659,000 | $40,419,000 |
| Basic Average Shares | $38,943,000 | $38,678,000 | $38,659,000 | $39,977,000 |
| Diluted NI Availto Com Stockholders | $-1,913,000 | $-12,331,000 | $-33,970,000 | $104,188,000 |
| Otherunder Preferred Stock Dividend | $4,000 | $-31,000 | $-65,000 | $37,000 |
| Tax Provision | $4,929,000 | $-666,000 | $-6,366,000 | $37,804,000 |
| Selling General And Administration | $286,283,000 | $280,909,000 | $285,023,000 | $300,009,000 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $561,441,000 | $587,297,000 | $594,091,000 | $657,813,000 |
| Total Assets | $827,180,000 | $869,800,000 | $878,411,000 | $1,003,708,000 |
| Total Non Current Assets | $517,970,000 | $459,481,000 | $484,717,000 | $476,568,000 |
| Non Current Prepaid Assets | $149,722,000 | $175,166,000 | $177,807,000 | $172,053,000 |
| Non Current Deferred Assets | $44,586,000 | $48,080,000 | $46,930,000 | $41,321,000 |
| Non Current Deferred Taxes Assets | $44,586,000 | $48,080,000 | $46,930,000 | $41,321,000 |
| Non Current Note Receivables | $15,113,000 | $12,617,000 | $7,911,000 | $4,261,000 |
| Investmentin Financial Assets | $155,201,000 | $60,647,000 | $67,459,000 | $78,095,000 |
| Goodwill And Other Intangible Assets | $41,662,000 | $43,521,000 | $51,183,000 | $55,696,000 |
| Other Intangible Assets | $3,811,000 | $5,924,000 | $13,137,000 | $17,782,000 |
| Current Assets | $309,210,000 | $410,319,000 | $393,694,000 | $527,140,000 |
| Prepaid Assets | $13,722,000 | $15,169,000 | $13,754,000 | $15,921,000 |
| Receivables | $37,373,000 | $45,691,000 | $30,806,000 | $21,912,000 |
| Other Receivables | $5,121,000 | $3,310,000 | $1,725,000 | $766,000 |
| Taxes Receivable | $1,962,000 | $6,030,000 | $9,299,000 | $8,682,000 |
| Notes Receivable | $140,000 | $28,000 | $37,000 | $6,000 |
| Loans Receivable | $15,299,000 | $17,519,000 | $3,574,000 | $4,005,000 |
| Accounts Receivable | $14,851,000 | $18,804,000 | $16,171,000 | $8,453,000 |
| Cash Cash Equivalents And Short Term Investments | $258,115,000 | $349,459,000 | $349,134,000 | $489,307,000 |
| Cash And Cash Equivalents | $161,921,000 | $153,445,000 | $170,753,000 | $235,873,000 |
| Other Non Current Assets | - | - | $5,081,000 | - |
| Non Current Accounts Receivable | - | - | $7,885,000 | $4,261,000 |
| Restricted Cash | - | - | - | $16,000 |
| Debt | ||||
| Total Debt | $78,255,000 | $84,223,000 | $87,743,000 | $82,093,000 |
| Long Term Debt And Capital Lease Obligation | $59,459,000 | $65,701,000 | $69,407,000 | $65,109,000 |
| Current Debt And Capital Lease Obligation | $18,796,000 | $18,522,000 | $18,336,000 | $16,984,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $224,077,000 | $238,982,000 | $233,137,000 | $290,199,000 |
| Total Non Current Liabilities Net Minority Interest | $102,630,000 | $105,965,000 | $127,868,000 | $138,184,000 |
| Other Non Current Liabilities | $213,000 | $210,000 | $5,423,000 | $5,525,000 |
| Tradeand Other Payables Non Current | $7,542,000 | $6,797,000 | $4,874,000 | $1,603,000 |
| Non Current Deferred Liabilities | $35,416,000 | $33,257,000 | $48,164,000 | $65,947,000 |
| Current Liabilities | $121,447,000 | $133,017,000 | $105,269,000 | $152,015,000 |
| Other Current Liabilities | $5,730,000 | $5,297,000 | $1,214,000 | $3,083,000 |
| Current Deferred Liabilities | $57,463,000 | $67,608,000 | $56,947,000 | $78,954,000 |
| Payables And Accrued Expenses | $15,602,000 | $16,105,000 | $9,653,000 | $14,667,000 |
| Payables | $15,602,000 | $16,105,000 | $9,653,000 | $14,667,000 |
| Other Payable | $3,541,000 | $1,426,000 | $725,000 | $2,605,000 |
| Dividends Payable | $1,040,000 | $942,000 | $802,000 | $612,000 |
| Accounts Payable | $11,021,000 | $13,737,000 | $8,126,000 | $11,450,000 |
| Total Tax Payable | - | - | - | $0 |
| Income Tax Payable | - | - | - | $0 |
| Equity | ||||
| Common Stock Equity | $603,103,000 | $630,818,000 | $645,274,000 | $713,509,000 |
| Total Equity Gross Minority Interest | $603,103,000 | $630,818,000 | $645,274,000 | $713,509,000 |
| Stockholders Equity | $603,103,000 | $630,818,000 | $645,274,000 | $713,509,000 |
| Gains Losses Not Affecting Retained Earnings | $401,000 | $-1,433,000 | $-768,000 | $-3,617,000 |
| Other Equity Adjustments | $401,000 | $-1,433,000 | $-768,000 | $-3,617,000 |
| Retained Earnings | $409,753,000 | $458,907,000 | $492,298,000 | $585,581,000 |
| Other | ||||
| Ordinary Shares Number | $38,422,993 | $38,856,790 | $38,412,484 | $39,255,838 |
| Share Issued | $38,422,993 | $38,856,790 | $38,412,484 | $39,255,838 |
| Tangible Book Value | $561,441,000 | $587,297,000 | $594,091,000 | $657,813,000 |
| Invested Capital | $603,103,000 | $630,818,000 | $645,274,000 | $713,509,000 |
| Working Capital | $187,763,000 | $277,302,000 | $288,425,000 | $375,125,000 |
| Capital Lease Obligations | $78,255,000 | $84,223,000 | $87,743,000 | $82,093,000 |
| Total Capitalization | $603,103,000 | $630,818,000 | $645,274,000 | $713,509,000 |
| Additional Paid In Capital | $192,945,000 | $173,340,000 | $153,740,000 | $131,541,000 |
| Capital Stock | $4,000 | $4,000 | $4,000 | $4,000 |
| Common Stock | $4,000 | $4,000 | $4,000 | $4,000 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Long Term Capital Lease Obligation | $59,459,000 | $65,701,000 | $69,407,000 | $65,109,000 |
| Current Capital Lease Obligation | $18,796,000 | $18,522,000 | $18,336,000 | $16,984,000 |
| Pensionand Other Post Retirement Benefit Plans Current | $23,856,000 | $25,485,000 | $19,119,000 | $38,327,000 |
| Defined Pension Benefit | $13,476,000 | $12,191,000 | $10,838,000 | $9,553,000 |
| Investments And Advances | $155,201,000 | $60,647,000 | $67,459,000 | $78,095,000 |
| Other Investments | $0 | $0 | - | - |
| Held To Maturity Securities | $9,500,000 | $9,500,000 | $0 | $9,500,000 |
| Available For Sale Securities | $145,701,000 | $51,147,000 | $67,459,000 | $68,595,000 |
| Goodwill | $37,851,000 | $37,597,000 | $38,046,000 | $37,914,000 |
| Net PPE | $98,210,000 | $107,259,000 | $117,508,000 | $115,589,000 |
| Accumulated Depreciation | $-57,425,000 | $-51,007,000 | $-48,498,000 | $-41,426,000 |
| Gross PPE | $155,635,000 | $158,266,000 | $166,006,000 | $157,015,000 |
| Other Properties | $74,333,000 | $81,120,000 | $90,058,000 | $87,945,000 |
| Machinery Furniture Equipment | $81,302,000 | $77,146,000 | $75,948,000 | $69,070,000 |
| Other Short Term Investments | $96,194,000 | $196,014,000 | $178,381,000 | $253,434,000 |
| Treasury Shares Number | - | - | $0 | - |
| Current Accrued Expenses | - | - | - | - |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $58,785,000 | $13,841,000 | $-81,800,000 | $1,963,000 |
| Operating Activities | ||||
| Operating Cash Flow | $66,657,000 | $21,714,000 | $-72,430,000 | $13,629,000 |
| Cash Flow From Continuing Operating Activities | $66,657,000 | $21,714,000 | $-72,430,000 | $13,629,000 |
| Operating Gains Losses | $-116,000 | $191,000 | $153,000 | $448,000 |
| Investing Activities | ||||
| Capital Expenditure | $-7,872,000 | $-7,873,000 | $-9,370,000 | $-11,666,000 |
| Investing Cash Flow | $-3,824,000 | $-9,902,000 | $74,867,000 | $-53,975,000 |
| Cash Flow From Continuing Investing Activities | $-3,824,000 | $-9,902,000 | $74,867,000 | $-53,975,000 |
| Net Other Investing Changes | $-105,000 | $-76,000 | $-92,000 | $-3,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-25,366,000 | $-785,000 | $-39,441,000 | $-29,053,000 |
| Financing Cash Flow | $-54,576,000 | $-28,755,000 | $-67,679,000 | $-105,555,000 |
| Cash Flow From Continuing Financing Activities | $-54,576,000 | $-28,755,000 | $-67,679,000 | $-105,555,000 |
| Net Other Financing Charges | $-9,481,000 | $-8,591,000 | $-8,796,000 | $-16,853,000 |
| Cash Dividends Paid | $-20,550,000 | $-20,226,000 | $-20,103,000 | $-60,358,000 |
| Common Stock Dividend Paid | $-20,550,000 | $-20,226,000 | $-20,103,000 | $-60,358,000 |
| Net Common Stock Issuance | $-25,366,000 | $-785,000 | $-39,441,000 | $-29,053,000 |
| Other | ||||
| Interest Paid Supplemental Data | $478,000 | $581,000 | $478,000 | $614,000 |
| Income Tax Paid Supplemental Data | $422,000 | $468,000 | $674,000 | $69,847,000 |
| End Cash Position | $161,921,000 | $153,445,000 | $170,753,000 | $235,873,000 |
| Beginning Cash Position | $153,445,000 | $170,753,000 | $235,873,000 | $382,140,000 |
| Effect Of Exchange Rate Changes | $219,000 | $-365,000 | $122,000 | $-366,000 |
| Changes In Cash | $8,257,000 | $-16,943,000 | $-65,242,000 | $-145,901,000 |
| Proceeds From Stock Option Exercised | $821,000 | $847,000 | $661,000 | $709,000 |
| Common Stock Payments | $-25,366,000 | $-785,000 | $-39,441,000 | $-29,053,000 |
| Net Investment Purchase And Sale | $4,153,000 | $-1,953,000 | $84,329,000 | $-29,806,000 |
| Sale Of Investment | $331,136,000 | $188,751,000 | $391,612,000 | $350,993,000 |
| Purchase Of Investment | $-326,983,000 | $-190,704,000 | $-307,283,000 | $-380,799,000 |
| Net PPE Purchase And Sale | $-7,872,000 | $-7,873,000 | $-9,370,000 | $-11,666,000 |
| Purchase Of PPE | $-7,872,000 | $-7,873,000 | $-9,370,000 | $-11,666,000 |
| Change In Working Capital | $5,567,000 | $-28,980,000 | $-95,771,000 | $-137,777,000 |
| Change In Other Working Capital | $-2,940,000 | $1,424,000 | $-36,462,000 | $-51,166,000 |
| Change In Other Current Liabilities | $-16,340,000 | $-16,941,000 | $-17,791,000 | $-18,648,000 |
| Change In Other Current Assets | $-2,397,000 | $-8,798,000 | $-7,208,000 | $-9,830,000 |
| Change In Payables And Accrued Expense | $-5,148,000 | $12,092,000 | $-22,142,000 | $-15,562,000 |
| Change In Accrued Expense | $-1,561,000 | $6,407,000 | $-19,182,000 | $-11,491,000 |
| Change In Payable | $-3,587,000 | $5,685,000 | $-2,960,000 | $-4,071,000 |
| Change In Account Payable | $-3,587,000 | $5,685,000 | $-2,960,000 | $-4,071,000 |
| Change In Prepaid Assets | $27,955,000 | $-13,309,000 | $-4,578,000 | $-51,016,000 |
| Change In Receivables | $4,437,000 | $-3,448,000 | $-7,590,000 | $8,445,000 |
| Changes In Account Receivables | $4,437,000 | $-3,448,000 | $-7,590,000 | $8,445,000 |
| Other Non Cash Items | $23,683,000 | $23,322,000 | $26,007,000 | $22,139,000 |
| Stock Based Compensation | $24,226,000 | $23,792,000 | $24,146,000 | $17,312,000 |
| Provisionand Write Offof Assets | $-31,000 | $578,000 | $-128,000 | $-51,000 |
| Deferred Tax | $3,139,000 | $-1,416,000 | $-6,429,000 | $-6,073,000 |
| Deferred Income Tax | $3,139,000 | $-1,416,000 | $-6,429,000 | $-6,073,000 |
| Depreciation Amortization Depletion | $12,098,000 | $16,589,000 | $13,627,000 | $13,406,000 |
| Depreciation And Amortization | $12,098,000 | $16,589,000 | $13,627,000 | $13,406,000 |
| Gain Loss On Investment Securities | $-8,000 | - | $190,000 | $-86,000 |
| Net Foreign Currency Exchange Gain Loss | $-108,000 | $191,000 | $-37,000 | $534,000 |
| Net Income From Continuing Operations | $-1,909,000 | $-12,362,000 | $-34,035,000 | $104,225,000 |
| Net Business Purchase And Sale | - | $0 | $0 | $-12,500,000 |
| Purchase Of Business | - | $0 | $0 | $-12,500,000 |
| Repayment Of Debt | - | - | - | $0 |
| Net Issuance Payments Of Debt | - | - | - | $0 |
| Net Long Term Debt Issuance | - | - | - | $0 |
| Long Term Debt Payments | - | - | - | $0 |
| Sale Of Business | - | - | - | - |
| Sale Of PPE | - | - | - | - |