Marcus & Millichap, Inc.
MMI
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Marcus & Millichap operates in a competitive real estate services industry, benefiting from a strong market position and a growing demand for commercial real estate transactions.
- In the latest quarter, revenue increased by 18% compared to the prior quarter, reaching $203 million.
- The operating margin expanded to 1.1%, indicating improved operational efficiency.
- The company has faced significant challenges, with a 'Strong Sell' signal and a score of -16.00, reflecting negative market sentiment.
- In 2023, Marcus & Millichap reported a net income loss of $34.035 million, highlighting ongoing profitability issues.
- The operating margin for the year 2025 is projected to be -1.82%, indicating continued financial struggles.
Fundamentals
| Market cap | $1.09B | Enterprise value | $948.15M | Trailing P/E | 77.73 | Forward P/E | 30.92 |
| PEG | — | Price / book | 1.88 | Beta | 1.30 | Dividend yield | 1.74% |
| Revenue growth | 17.8% | Earnings growth | — | Gross margin | 37.7% | Operating margin | 1.1% |
| Profit margin | 1.8% | ROE | 2.4% | ROA | 0.8% | Debt / equity | 0.13 |
| Current ratio | 2.92 | Free cash flow | $68.31M | Analyst recommendation | none | Mean target | $28.00 |
| 52w high | $33.55 | 52w low | $24.43 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $203M | $171M | $244M | $194M | $172M | — |
| Op margin | 1.1% | -3.4% | 6.3% | -1.2% | -5.3% | — |
| Net income | $3.9M | -$3.1M | $13.3M | $0.2M | -$11.0M | — |
| Gross margin | 37.6% | 39.6% | 36.7% | 37.6% | 38.1% | — |
| Gross profit | $76.2M | $67.8M | $89.4M | $72.9M | $65.7M | — |
| Operating income | $2.2M | -$5.8M | $15.4M | -$2.4M | -$9.0M | — |
- Revenue +18% vs prior quarter ($203M vs $171M).
- Gross margin 37.6% (was 39.6% prior quarter).
- Operating margin expanded to 1.1%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $755M | $696M | $646M | $1.3B |
| Op margin | -1.8% | -4.7% | -9.2% | 10.6% |
| Net income | -$1.9M | -$12.4M | -$34.0M | $104M |
| Gross margin | 37.7% | 38.0% | 37.0% | 34.6% |
| Gross profit | $285M | $265M | $239M | $451M |
| Operating income | -$13.7M | -$32.9M | -$59.4M | $137M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Marcus & Millichap Expands Partnership With Brown & Brown to Canada
2026-10-08 · Marcus & Millichap and Brown & Brown Expand Preferred Partner Relationship into Canada
2026-10-08 · NX3 Commercial Group Represents Buyer in $14.1 Million Sale of Single-Tenant LA Fitness in Coconut Creek, Florida
2026-10-07 · Institutional Property Advisors Brokers $72 Million Puget Sound Multifamily Asset Sale
2026-10-01 · Consumer Discretionary - Real Estate Services Stocks Q2 Results: Benchmarking Marcus & Millichap (NYSE:MMI)
2026-09-30 · Retail Sales Jump 6% in August, Boosting CRE Property Demand
2026-09-30 · Marcus & Millichap (MMI) Stock Looks Fully Priced On Cash Flow
2026-09-30 · 1 Cash-Heavy Stock with Exciting Potential and 2 We Turn Down
2026-09-28 · Will Nadji’s Higher-Rate, Multifamily Focus Shift Marcus & Millichap’s (MMI) Investment Narrative?
2026-09-28 · Marcus & Millichap (MMI) Flags Higher Rate Pressure, Is The Stock Fully Valued?
2026-09-25 · $58 Million Multifamily Asset Sale Closed by Institutional Property Advisors in North Phoenix
2026-09-25 · 3 Consumer Stocks That Concern Us
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