tradmap

MMI Financials Marcus & Millichap, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 1.0% per year over the past 5 years.
  • Operating margin has contracted, at -1.8% in the latest year.
  • Free cash flow has grown 13.5% per year over the past 5 years.

Financial health

  • Operating income covered interest expense -17.7× in the latest year.

Shareholder returns

  • Dividends have been paid for 4 consecutive years, consuming 35.0% of free cash flow.
Revenue & net income
-$34M $634M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-9% 15% 38% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$82M $84M $249M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $191M $382M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$118M $69M $256M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $755M -$2M 0.0% -1.8% $59M $162M
2024 $696M -$12M 0.0% -4.7% $14M $153M
2023 $646M -$34M 0.0% -9.2% -$82M $171M
2022 $1.3B $104M 0.0% 10.6% $2M $236M
2021 $1.3B $142M 0.0% 14.6% $249M $382M
2020 $717M $43M 0.0% 7.5% $31M $243M
2019 $806M $77M 0.0% 12.0% $16M $233M
2018 $815M $87M 38.3% 13.8% $109M $215M
2017 $720M $52M 38.0% 13.4% $60M $221M
2016 $717M $65M 38.0% 14.8% $65M $187M
2015 $66M $96M
2014 $50M
2013 $8M $92M
2012 $28M $31M
2011 $13M $15M

Valuation over time

How the market has priced MMI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 7.9 15.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.2 2.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.8 5.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is MMI growing its revenue and profit?

Over the past 5 years, Marcus & Millichap, Inc.'s revenue has grown 1.0% per year. These are computed facts, not advice.

How much debt does MMI have?

As of FY2025, Marcus & Millichap, Inc. reported — of total debt against $162M of cash; operating income covered interest expense -17.7×.

What is MMI's profit margin?

In FY2025, gross margin was —, operating margin -1.8%, and net margin -0.3%.

What is MMI's P/E ratio?

As of Jun '26, Marcus & Millichap, Inc. traded at a price-to-earnings ratio of about 15.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.