Stocktoria

Marcus & Millichap, Inc. MMI

NYSE · stock · Real Estate Agents & Managers (For Others) · website · IPO 2013-10-31 · LEI

Marcus & Millichap, Inc. statistics & valuation

P / S1.6×
P / B2.0×
P / FCF20.2×
Net margin-0.3%
FCF margin7.8%
Return on capital-1.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
9.00% 7.20% 10.70% 9.50% 6.00% 11.00% 8.00% -5.30% -1.80% -0.30% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
14.80% 13.40% 13.80% 12.00% 7.50% 14.60% 10.60% -9.20% -4.70% -1.80% 2016201720182019202020212022202320242025
Return on equity (%)
25.00% 16.40% 21.30% 15.50% 7.80% 20.50% 14.60% -5.30% -2.00% -0.30% 2016201720182019202020212022202320242025
Shares outstanding
39.0M 39.1M 39.4M 39.5M 39.7M 40.2M 40.2M 38.7M 38.9M 38.9M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
16.40% 11.20% 15.40% 10.80% 5.50% 13.60% 10.40% -3.90% -1.40% -0.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.10% 8.30% 13.40% 2.00% 4.30% 19.20% 0.20% -12.70% 2.00% 7.80% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$1.66 $1.32 $2.22 $1.95 $1.08 $3.55 $2.59 -$0.88 -$0.32 -$0.05 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Marcus & Millichap, Inc. trades at about 12× earnings — below its 10-year norm (10-year range 13.2×–69.5×, median 18.2×).

12× 69.5×

Shaded band = 10-year range (13.2×–69.5×); dot = today's 12×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-1.8%-4.7%-9.2%10.6%14.6%7.5%12.0%13.8%13.4%14.8%
Net margin-0.3%-1.8%-5.3%8.0%11.0%6.0%9.5%10.7%7.2%9.0%
FCF margin7.8%2.0%-12.7%0.2%19.2%4.3%2.0%13.4%8.3%9.1%
Return on assets-0.2%-1.4%-3.9%10.4%13.6%5.5%10.8%15.4%11.2%16.4%
Return on equity-0.3%-2.0%-5.3%14.6%20.5%7.8%15.5%21.3%16.4%25.0%
Current ratio2.553.083.743.472.703.574.034.003.852.99

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.