Symbols / MMI Stock $28.67 +1.06% Marcus & Millichap, Inc.

Real Estate • Real Estate Services • United States • NYQ
MMI (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry Real Estate Services
CEO Mr. Hessam Nadji
Exch · Country NYQ · United States
Market Cap 1.09B
Enterprise Value 927.19M
Income -1.91M
Sales 755.16M
FCF (ttm) 17.24M
Book/sh 15.70
Cash/sh 6.46
Employees 854
Insider 10d —
IPO Oct 31, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 135.14%
P/E —
Forward P/E 32.21
PEG —
P/S 1.45
P/B 1.83
P/C —
EV/EBITDA -1,123.87
EV/Sales 1.23
Quick Ratio 2.21
Current Ratio 2.55
Debt/Eq 12.97
LT Debt/Eq —
EPS (ttm) -0.05
EPS next Y 0.89
EPS Growth 56.90%
Revenue Growth 1.60%
EPS Gr Q/Q 55.70%
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-13
ROA -0.95%
ROE -0.31%
ROIC —
Gross Margin 37.70%
Oper. Margin 6.30%
Profit Margin -0.25%
Shs Outstand 38.07M
Shs Float 23.40M
Insider Own 3.78%
Instit Own 99.89%
Short Float 4.96%
Short Ratio 3.16
Short Interest 730.68K
52W High 33.62
vs 52W High -14.72%
52W Low 24.43
vs 52W Low 17.36%
Beta 1.32
Impl. Vol. 41.02%
Rel Volume 0.32
Avg Volume 266.38K
Volume 85.53K
Target (mean) $28.00
Tgt Median $28.00
Tgt Low $28.00
Tgt High $28.00
# Analysts 1
Recom Underperform
Prev Close $28.37
Price $28.67
Change 1.06%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$28.00
Mean price target
2. Current target
$28.67
Latest analyst target
3. DCF / Fair value
$8.15
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.67
Low
$28.00
High
$28.00
Mean
$28.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-02 main Wells Fargo Underweight → Underweight $28
2025-10-24 main Wells Fargo Underweight → Underweight $29
2025-07-21 init JMP Securities — → Market Perform —
2024-09-06 main Wells Fargo Underweight → Underweight $30
2023-06-30 main Wells Fargo Underweight → Underweight $20
2023-04-26 main Wells Fargo — → Underweight $21
2023-01-27 main Wells Fargo — → Underweight $24
2022-09-23 main Wells Fargo — → Underweight $26
2021-12-01 main Wells Fargo — → Underweight $40
2020-06-10 main Wells Fargo — → Underweight $28
2020-04-09 down Wells Fargo Equal-Weight → Underweight —
2018-08-22 down JMP Securities Market Outperform → Market Perform —
2018-01-24 up JMP Securities Market Perform → Market Outperform —
2017-11-14 up Citigroup Neutral → Buy —
2015-11-10 up Goldman Sachs Sell → Neutral —
2015-10-26 down JMP Securities Outperform → Market Perform —
2015-08-12 down Goldman Sachs Neutral → Sell —
2015-08-07 main Citigroup — → Buy $59
2015-05-08 main Citigroup — → Buy $45
2015-03-26 init Goldman Sachs — → Neutral $36
News
RSS: Latest MMI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 NADJI HESSAMEDIN Chief Executive Officer — 1,300 $25.60 $33,280
2026-03-12 NADJI HESSAMEDIN Chief Executive Officer — 7,000 $0.00 $0
2026-03-10 NADJI HESSAMEDIN Chief Executive Officer — 81,115 — —
2026-03-10 LABERGE GREGORY A Officer — 9,697 — —
2026-03-10 PARKER JOHN DAVID Chief Operating Officer — 24,201 — —
2026-03-10 DE BOSSCHERE FABRICE Officer — 2,087 — —
2026-03-10 DEGENNARO STEVEN F Chief Financial Officer — 16,140 — —
2025-12-12 NADJI HESSAMEDIN Chief Executive Officer — 625 $0.00 $0
2025-12-05 NADJI HESSAMEDIN Chief Executive Officer — 2,450 $0.00 $0
2025-09-10 NADJI HESSAMEDIN Chief Executive Officer — 30,000 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
755.16
+8.49%
696.06
+7.76%
645.93
-50.38%
1,301.71
Operating Revenue
736.43
+9.23%
674.21
+7.59%
626.65
-51.17%
1,283.29
Cost Of Revenue
470.49
+9.04%
431.47
+6.11%
406.64
-52.21%
850.89
Reconciled Cost Of Revenue
470.49
+9.04%
431.47
+6.11%
406.64
-52.21%
850.89
Gross Profit
284.67
+7.59%
264.59
+10.58%
239.28
-46.92%
450.82
Operating Expense
298.38
+0.30%
297.50
-0.39%
298.65
-4.71%
313.42
Selling General And Administration
286.28
+1.91%
280.91
-1.44%
285.02
-5.00%
300.01
Total Expenses
768.87
+5.47%
728.97
+3.36%
705.29
-39.42%
1,164.31
Operating Income
-13.71
+58.34%
-32.91
+44.57%
-59.37
-143.21%
137.40
Total Operating Income As Reported
-13.71
+58.34%
-32.91
+44.57%
-59.37
-143.21%
137.40
EBITDA
15.89
+263.39%
4.37
+116.89%
-25.89
-116.58%
156.14
Normalized EBITDA
15.89
+263.39%
4.37
+116.89%
-25.89
-116.58%
156.14
Reconciled Depreciation
12.10
-27.07%
16.59
+21.74%
13.63
+1.65%
13.41
EBIT
3.79
+131.05%
-12.22
+69.08%
-39.51
-127.68%
142.74
Net Income
-1.91
+84.56%
-12.36
+63.68%
-34.03
-132.66%
104.22
Pretax Income
3.02
+123.18%
-13.03
+67.75%
-40.40
-128.45%
142.03
Net Non Operating Interest Income Expense
-0.77
+4.80%
-0.81
+8.56%
-0.89
-25.42%
-0.71
Interest Expense Non Operating
0.77
-4.80%
0.81
-8.56%
0.89
+25.42%
0.71
Net Interest Income
-0.77
+4.80%
-0.81
+8.56%
-0.89
-25.42%
-0.71
Interest Expense
0.77
-4.80%
0.81
-8.56%
0.89
+25.42%
0.71
Other Income Expense
17.50
-15.41%
20.69
+4.22%
19.86
+272.10%
5.34
Other Non Operating Income Expenses
17.50
-15.41%
20.69
+4.22%
19.86
+272.10%
5.34
Tax Provision
4.93
+840.09%
-0.67
+89.54%
-6.37
-116.84%
37.80
Tax Rate For Calcs
0.00
+311.76%
0.00
-67.72%
0.00
-40.64%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-1.91
+84.56%
-12.36
+63.68%
-34.03
-132.66%
104.22
Net Income From Continuing Operation Net Minority Interest
-1.91
+84.56%
-12.36
+63.68%
-34.03
-132.66%
104.22
Net Income From Continuing And Discontinued Operation
-1.91
+84.56%
-12.36
+63.68%
-34.03
-132.66%
104.22
Net Income Continuous Operations
-1.91
+84.56%
-12.36
+63.68%
-34.03
-132.66%
104.22
Normalized Income
-1.91
+84.56%
-12.36
+63.68%
-34.03
-132.66%
104.22
Net Income Common Stockholders
-1.91
+84.49%
-12.33
+63.70%
-33.97
-132.60%
104.19
Otherunder Preferred Stock Dividend
0.00
+112.90%
-0.03
+52.31%
-0.07
-275.68%
0.04
Diluted EPS
-0.05
+84.38%
-0.32
+63.64%
-0.88
-133.98%
2.59
Basic EPS
-0.05
+84.38%
-0.32
+63.64%
-0.88
-133.72%
2.61
Basic Average Shares
38.94
+0.69%
38.68
+0.05%
38.66
-3.30%
39.98
Diluted Average Shares
38.94
+0.69%
38.68
+0.05%
38.66
-4.35%
40.42
Diluted NI Availto Com Stockholders
-1.91
+84.49%
-12.33
+63.70%
-33.97
-132.60%
104.19
Depreciation Amortization Depletion Income Statement
12.10
-27.07%
16.59
+21.74%
13.63
+1.65%
13.41
Depreciation And Amortization In Income Statement
12.10
-27.07%
16.59
+21.74%
13.63
+1.65%
13.41
Line Item Trend 2023-12-31
Total Assets
878.41
Current Assets
393.69
Cash Cash Equivalents And Short Term Investments
349.13
Cash And Cash Equivalents
170.75
Other Short Term Investments
178.38
Receivables
30.81
Accounts Receivable
16.17
Other Receivables
1.73
Taxes Receivable
9.30
Loans Receivable
3.57
Prepaid Assets
13.75
Restricted Cash
—
Total Non Current Assets
484.72
Net PPE
117.51
Gross PPE
166.01
Accumulated Depreciation
-48.50
Machinery Furniture Equipment
75.95
Other Properties
90.06
Goodwill And Other Intangible Assets
51.18
Goodwill
38.05
Other Intangible Assets
13.14
Investments And Advances
67.46
Other Investments
—
Non Current Accounts Receivable
7.88
Non Current Deferred Assets
46.93
Non Current Deferred Taxes Assets
46.93
Non Current Prepaid Assets
177.81
Other Non Current Assets
5.08
Total Liabilities Net Minority Interest
233.14
Current Liabilities
105.27
Payables And Accrued Expenses
9.65
Payables
9.65
Accounts Payable
8.13
Other Payable
0.72
Dividends Payable
0.80
Current Accrued Expenses
—
Pensionand Other Post Retirement Benefit Plans Current
19.12
Total Tax Payable
—
Income Tax Payable
—
Current Debt And Capital Lease Obligation
18.34
Current Capital Lease Obligation
18.34
Current Deferred Liabilities
56.95
Other Current Liabilities
1.21
Total Non Current Liabilities Net Minority Interest
127.87
Long Term Debt And Capital Lease Obligation
69.41
Long Term Capital Lease Obligation
69.41
Defined Pension Benefit
10.84
Tradeand Other Payables Non Current
4.87
Non Current Deferred Liabilities
48.16
Other Non Current Liabilities
5.42
Stockholders Equity
645.27
Common Stock Equity
645.27
Capital Stock
0.00
Common Stock
0.00
Preferred Stock
0.00
Share Issued
38.41
Ordinary Shares Number
38.41
Treasury Shares Number
0.00
Additional Paid In Capital
153.74
Retained Earnings
492.30
Gains Losses Not Affecting Retained Earnings
-0.77
Other Equity Adjustments
-0.77
Total Equity Gross Minority Interest
645.27
Total Capitalization
645.27
Working Capital
288.43
Invested Capital
645.27
Total Debt
87.74
Capital Lease Obligations
87.74
Net Tangible Assets
594.09
Tangible Book Value
594.09
Available For Sale Securities
67.46
Held To Maturity Securities
0.00
Investmentin Financial Assets
67.46
Non Current Note Receivables
7.91
Notes Receivable
0.04
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
66.66
+206.98%
21.71
+129.98%
-72.43
-631.44%
13.63
Cash Flow From Continuing Operating Activities
66.66
+206.98%
21.71
+129.98%
-72.43
-631.44%
13.63
Net Income From Continuing Operations
-1.91
+84.56%
-12.36
+63.68%
-34.03
-132.66%
104.22
Depreciation Amortization Depletion
12.10
-27.07%
16.59
+21.74%
13.63
+1.65%
13.41
Depreciation And Amortization
12.10
-27.07%
16.59
+21.74%
13.63
+1.65%
13.41
Other Non Cash Items
23.68
+1.55%
23.32
-10.32%
26.01
+17.47%
22.14
Stock Based Compensation
24.23
+1.82%
23.79
-1.47%
24.15
+39.48%
17.31
Provisionand Write Offof Assets
-0.03
-105.36%
0.58
+551.56%
-0.13
-150.98%
-0.05
Deferred Tax
3.14
+321.68%
-1.42
+77.97%
-6.43
-5.86%
-6.07
Deferred Income Tax
3.14
+321.68%
-1.42
+77.97%
-6.43
-5.86%
-6.07
Operating Gains Losses
-0.12
-160.73%
0.19
+24.84%
0.15
-65.85%
0.45
Gain Loss On Investment Securities
-0.01
—
0.19
+320.93%
-0.09
Net Foreign Currency Exchange Gain Loss
-0.11
-156.54%
0.19
+616.22%
-0.04
-106.93%
0.53
Change In Working Capital
5.57
+119.21%
-28.98
+69.74%
-95.77
+30.49%
-137.78
Change In Receivables
4.44
+228.68%
-3.45
+54.57%
-7.59
-189.88%
8.45
Changes In Account Receivables
4.44
+228.68%
-3.45
+54.57%
-7.59
-189.88%
8.45
Change In Prepaid Assets
27.95
+310.05%
-13.31
-190.72%
-4.58
+91.03%
-51.02
Change In Payables And Accrued Expense
-5.15
-142.57%
12.09
+154.61%
-22.14
-42.28%
-15.56
Change In Accrued Expense
-1.56
-124.36%
6.41
+133.40%
-19.18
-66.93%
-11.49
Change In Payable
-3.59
-163.10%
5.68
+292.06%
-2.96
+27.29%
-4.07
Change In Account Payable
-3.59
-163.10%
5.68
+292.06%
-2.96
+27.29%
-4.07
Change In Other Working Capital
-2.94
-306.46%
1.42
+103.91%
-36.46
+28.74%
-51.17
Change In Other Current Assets
-2.40
+72.76%
-8.80
-22.06%
-7.21
+26.67%
-9.83
Change In Other Current Liabilities
-16.34
+3.55%
-16.94
+4.78%
-17.79
+4.60%
-18.65
Investing Cash Flow
-3.82
+61.38%
-9.90
-113.23%
74.87
+238.71%
-53.98
Cash Flow From Continuing Investing Activities
-3.82
+61.38%
-9.90
-113.23%
74.87
+238.71%
-53.98
Net PPE Purchase And Sale
-7.87
+0.01%
-7.87
+15.98%
-9.37
+19.68%
-11.67
Purchase Of PPE
-7.87
+0.01%
-7.87
+15.98%
-9.37
+19.68%
-11.67
Sale Of PPE
—
—
—
—
Capital Expenditure
-7.87
+0.01%
-7.87
+15.98%
-9.37
+19.68%
-11.67
Net Investment Purchase And Sale
4.15
+312.65%
-1.95
-102.32%
84.33
+382.93%
-29.81
Purchase Of Investment
-326.98
-71.46%
-190.70
+37.94%
-307.28
+19.31%
-380.80
Sale Of Investment
331.14
+75.44%
188.75
-51.80%
391.61
+11.57%
350.99
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-12.50
Purchase Of Business
—
0.00
0.00
+100.00%
-12.50
Net Other Investing Changes
-0.10
-38.16%
-0.08
+17.39%
-0.09
-2966.67%
-0.00
Financing Cash Flow
-54.58
-89.80%
-28.75
+57.51%
-67.68
+35.88%
-105.56
Cash Flow From Continuing Financing Activities
-54.58
-89.80%
-28.75
+57.51%
-67.68
+35.88%
-105.56
Net Issuance Payments Of Debt
—
—
—
0.00
Repayment Of Debt
—
—
—
0.00
Long Term Debt Payments
—
—
—
0.00
Net Long Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
-25.37
-3131.34%
-0.79
+98.01%
-39.44
-35.76%
-29.05
Common Stock Payments
-25.37
-3131.34%
-0.79
+98.01%
-39.44
-35.76%
-29.05
Common Stock Dividend Paid
-20.55
-1.60%
-20.23
-0.61%
-20.10
+66.69%
-60.36
Cash Dividends Paid
-20.55
-1.60%
-20.23
-0.61%
-20.10
+66.69%
-60.36
Repurchase Of Capital Stock
-25.37
-3131.34%
-0.79
+98.01%
-39.44
-35.76%
-29.05
Proceeds From Stock Option Exercised
0.82
-3.07%
0.85
+28.14%
0.66
-6.77%
0.71
Net Other Financing Charges
-9.48
-10.36%
-8.59
+2.33%
-8.80
+47.81%
-16.85
Changes In Cash
8.26
+148.73%
-16.94
+74.03%
-65.24
+55.28%
-145.90
Effect Of Exchange Rate Changes
0.22
+160.00%
-0.36
-399.18%
0.12
+133.33%
-0.37
Beginning Cash Position
153.44
-10.14%
170.75
-27.61%
235.87
-38.28%
382.14
End Cash Position
161.92
+5.52%
153.44
-10.14%
170.75
-27.61%
235.87
Free Cash Flow
58.78
+324.72%
13.84
+116.92%
-81.80
-4267.09%
1.96
Interest Paid Supplemental Data
0.48
-17.73%
0.58
+21.55%
0.48
-22.15%
0.61
Income Tax Paid Supplemental Data
0.42
-9.83%
0.47
-30.56%
0.67
-99.04%
69.85
Sale Of Business
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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