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Marcus & Millichap, Inc.

MMIReal EstateNASDAQ

Real Estate Services

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Financials · Annual
Revenue
$755.2M
+8.5% YoY
Net Income
-$1.9M
+84.6% YoY
EBITDA
$15.9M
+263.4% YoY
Free Cash Flow
$35.5M

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About Marcus & Millichap, Inc.

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. With a market capitalization of $1.14B, it sits in small-cap territory. 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.

Key stats
Market Cap$1.14B
Fwd P/E33.39
EPS$-0.02
Beta1.26
52W Change+2.2%
Dividend Yield1.66%
ROE-0.1%
Analysis

Marcus & Millichap, Inc. holds $187.3M in cash against $75.0M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $35.5M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of -0.1% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has been uneven over recent years, ranging from $1.30B to $755.2M.

With cash comfortably exceeding debt, MMI has financial flexibility that may help navigate uncertain periods. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Marcus & Millichap, Inc.'s trajectory.

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