Marcus & Millichap Inc. | Small-cap | Real Estate
$28.15
-2.56%
| Marcus & Millichap Stock Comparison:
Marcus & Millichap vs CBREMarcus & Millichap vs CoStar GroupMarcus & Millichap vs eXp World HoldingsMarcus & Millichap vs RedfinMarcus & Millichap vs Anywhere Real EstateMarcus & Millichap vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 145.0M
Gross Profit 56.7M 39.09%
Operating Income -17.7M -12.21%
Net Income -4.4M -3.05%
EPS (Diluted) $-0.11

Balance Sheet Metrics

Total Assets 802.0M
Total Liabilities 184.5M
Shareholders Equity 617.6M
Debt to Equity 0.30

Cash Flow Metrics

Operating Cash Flow -41.8M
Free Cash Flow -54.3M

Revenue & Profitability Trend

Marcus & Millichap Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i696.1M645.9M1.3B1.3B716.9M
Cost of Goods Sold i431.5M406.6M850.9M840.2M447.9M
Gross Profit i264.6M239.3M450.8M456.2M269.0M
Gross Margin % i38.0%37.0%34.6%35.2%37.5%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i280.9M285.0M300.0M255.2M204.5M
Other Operating Expenses i-----
Total Operating Expenses i280.9M285.0M300.0M255.2M204.5M
Operating Income i-32.9M-59.4M137.4M189.4M53.6M
Operating Margin % i-4.7%-9.2%10.6%14.6%7.5%
Non-Operating Items
Interest Income i-----
Interest Expense i812.0K888.0K708.0K580.0K900.0K
Other Non-Operating Income20.7M19.9M5.3M4.5M6.6M
Pre-tax Income i-13.0M-40.4M142.0M193.3M59.4M
Income Tax i-666.0K-6.4M37.8M50.8M16.5M
Effective Tax Rate % i0.0%0.0%26.6%26.3%27.8%
Net Income i-12.4M-34.0M104.2M142.5M42.8M
Net Margin % i-1.8%-5.3%8.0%11.0%6.0%
Key Metrics
EBITDA i4.4M-25.9M156.1M205.6M71.2M
EPS (Basic) i$-0.32$-0.88$2.61$3.57$1.08
EPS (Diluted) i$-0.32$-0.88$2.59$3.55$1.08
Basic Shares Outstanding i3867800038659000399770003988800039642000
Diluted Shares Outstanding i3867800038659000399770003988800039642000

Income Statement Trend

Marcus & Millichap Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i153.4M170.8M235.9M382.1M243.2M
Short-term Investments i196.0M178.4M253.4M183.9M158.3M
Accounts Receivable i18.8M16.2M8.5M17.2M10.4M
Inventory i-----
Other Current Assets-----
Total Current Assets i410.3M393.7M527.1M608.1M429.1M
Non-Current Assets
Property, Plant & Equipment i81.1M90.1M87.9M81.5M84.0M
Goodwill i81.1M89.2M93.6M84.0M87.3M
Intangible Assets i5.9M13.1M17.8M15.9M20.6M
Long-term Investments-----
Other Non-Current Assets48.1M59.9M45.6M45.6M21.9M
Total Non-Current Assets i459.5M484.7M476.6M437.1M350.0M
Total Assets i869.8M878.4M1.0B1.0B779.1M
Liabilities
Current Liabilities
Accounts Payable i13.7M8.1M11.4M15.5M18.3M
Short-term Debt i18.5M18.3M17.0M19.0M19.2M
Current Portion of Long-term Debt-----
Other Current Liabilities5.3M1.2M3.1M3.7M-
Total Current Liabilities i133.0M105.3M152.0M225.6M120.3M
Non-Current Liabilities
Long-term Debt i65.7M69.4M65.1M58.3M59.4M
Deferred Tax Liabilities i-----
Other Non-Current Liabilities210.0K5.4M5.5M6.7M5.2M
Total Non-Current Liabilities i106.0M127.9M138.2M123.3M112.0M
Total Liabilities i239.0M233.1M290.2M348.9M232.3M
Equity
Common Stock i4.0K4.0K4.0K4.0K4.0K
Retained Earnings i458.9M492.3M585.6M573.5M431.1M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i630.8M645.3M713.5M696.3M546.8M
Key Metrics
Total Debt i84.2M87.7M82.1M77.3M78.6M
Working Capital i277.3M288.4M375.1M382.5M308.8M

Balance Sheet Composition

Marcus & Millichap Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i-12.4M-34.0M104.2M142.5M42.8M
Depreciation & Amortization i16.6M13.6M13.4M11.7M10.9M
Stock-Based Compensation i23.8M24.1M17.3M10.4M9.9M
Working Capital Changes i-22.1M-72.0M-75.3M61.4M-8.4M
Operating Cash Flow i27.8M-48.7M75.7M238.5M79.5M
Investing Activities
Capital Expenditures i-7.9M-9.4M-11.7M-6.9M-6.9M
Acquisitions i00-12.5M229.0K-16.3M
Investment Purchases i-190.7M-307.3M-380.8M-387.6M-215.6M
Investment Sales i188.8M391.6M351.0M285.6M221.7M
Investing Cash Flow i-9.9M74.9M-54.0M-108.4M-17.2M
Financing Activities
Share Repurchases i-785.0K-39.4M-29.1M00
Dividends Paid i-20.2M-20.1M-60.4M00
Debt Issuance i-----
Debt Repayment i--00-6.6M
Financing Cash Flow i-29.6M-68.3M-106.3M-6.6M-17.5M
Free Cash Flow i13.8M-81.8M2.0M249.0M31.1M
Net Change in Cash i-11.7M-42.2M-84.5M123.6M44.7M

Cash Flow Trend

Marcus & Millichap Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 75.73
Forward P/E 481.50
Price to Book 1.85
Price to Sales 1.55
PEG Ratio 0.76

Profitability Ratios

Profit Margin -1.69%
Operating Margin -5.25%
Return on Equity -1.99%
Return on Assets -2.39%

Financial Health

Current Ratio 3.47
Debt to Equity 13.56
Beta 1.28

Per Share Data

EPS (TTM) $-0.32
Book Value per Share $15.59
Revenue per Share $18.67

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
mmi1.2B75.731.85-1.99%-1.69%13.56
CBRE 46.9B43.865.5412.95%2.86%108.18
CoStar Group 36.1B326.154.171.30%3.57%12.95
eXp World Holdings 1.8B369.337.73-12.78%-0.68%0.00
Redfin 1.4B-8.23-9.01200.65%-18.35%-6.44
Anywhere Real Estate 1.2B-9.250.78-6.75%-1.87%218.64

Financial data is updated regularly. All figures are in the company's reporting currency.