YOLFTbeta
Marcus & Millichap Inc

Marcus & Millichap Inc

MMI · NYSE · Real Estate / Real Estate Services

24.66USD+0.41 (+1.69%)

Price History

Full chart

Market Stats

Previous Close24.25
Open24.49
Day Range24.44 – 25.13
52-Week Range24.00 – 33.28
Volume164.27K
Market Cap1.13B
P/E (TTM)80.41
Forward P/E0.00
EPS0.37
Dividend Yield1.68%
Beta1.24
50-Day Avg31.26
200-Day Avg28.65

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.

Company Details

  • SectorReal Estate
  • IndustryReal Estate Services
  • CEOMr. Hessam Nadji
  • Employees854
  • Headquarters23975 Park Sorrento, Calabasas, CA, United States, 91302, USA
  • Websitehttps://www.marcusmillichap.com

Leadership

  • Mr. George M. MarcusFounder & Chairman · b. 1941
  • Mr. Hessam NadjiPresident, CEO & Director · b. 1965
  • Mr. Steven F. DeGennaroExecutive VP & CFO · b. 1963
  • Mr. John David ParkerExecutive VP & COO · b. 1981
  • Mr. Richard D. MatricariaSenior VP & Chief Growth Officer · b. 1979
  • Mr. Gregory A. LaBergeSenior VP, Chief Client Officer & National Director of Hospitality Division · b. 1971
  • Mr. Fabrice De BosschereFirst VP, Corporate Controller & Chief Accounting Officer · b. 1978
  • Mr. Evan WayneSenior VP & Chief Information Officer
  • Mr. Tyler Theobald J.D.Senior Vice President, General Counsel & Chief Compliance Officer
  • Mr. Andrew StrockisSenior VP & Chief Marketing Officer

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue217.94M274.70M385.72M435.89M572.19M689.05M717.45M719.70M814.82M806.43M716.91M1.30B1.30B645.93M696.06M755.16M
Growth (%)-+26.05%+40.41%+13.01%+31.27%+20.42%+4.12%+0.31%+13.22%-1.03%-11.10%+80.84%+0.41%-50.38%+7.76%+8.49%
Cost of Revenue124.27M162.48M230.25M264.64M350.10M423.39M444.77M446.56M502.88M498.88M447.88M840.21M850.89M406.64M431.47M494.68M
Gross Profit93.66M112.23M155.47M171.26M222.09M265.67M272.68M273.14M311.93M307.55M269.03M456.23M450.82M239.28M264.59M260.47M
Gross Margin42.98%40.85%40.31%39.29%38.81%38.56%38.01%37.95%38.28%38.14%37.53%35.19%34.63%37.04%38.01%34.49%
Operating Expense79.77M88.77M106.46M149.97M137.48M151.01M166.18M177.01M199.65M211.13M215.41M266.88M313.42M298.65M297.50M272.77M
Operating Income13.89M23.45M49.01M21.29M84.61M114.65M106.50M96.13M112.29M96.42M53.61M189.36M137.40M-59.37M-32.91M-12.29M
Operating Margin6.37%8.54%12.71%4.88%14.79%16.64%14.84%13.36%13.78%11.96%7.48%14.61%10.56%-9.19%-4.73%-1.63%
EBITDA17.23M26.43M52.43M25.09M87.84M118.40M113.02M106.08M124.92M116.92M71.16M205.60M156.14M-25.89M4.37M15.89M
EBITDA Margin7.90%9.62%13.59%5.76%15.35%17.18%15.75%14.74%15.33%14.50%9.93%15.86%12.00%-4.01%0.63%2.10%
Net Income8.39M13.45M27.93M8.21M49.53M66.35M64.66M51.52M87.26M76.93M42.84M142.47M104.22M-34.03M-12.36M-1.91M
Net Income Margin3.85%4.90%7.24%1.88%8.66%9.63%9.01%7.16%10.71%9.54%5.98%10.99%8.01%-5.27%-1.78%-0.25%
R&D---0000.150.140.140.130.080.150.110.06--
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense004.00K105.00K1.65M1.73M1.53M1.50M1.40M1.39M900.00K580.00K708.00K888.00K812.00K773.00K
Interest Expense % of Total Revenue0.00%0.00%0.00%0.02%0.29%0.25%0.21%0.21%0.17%0.17%0.13%0.04%0.05%0.14%0.12%0.10%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-64.30M89.73M167.31M233.60M321.23M394.02M459.66M566.38M709.03M779.12M1.05B1.00B878.41M869.80M827.18M
Total Liabilities-44.14M68.10M104.81M116.80M132.24M135.16M144.78M156.81M214.13M232.29M348.89M290.20M233.14M238.98M224.08M
Total Equity-20.16M21.63M62.50M116.81M188.99M258.85M314.89M409.57M494.91M546.84M696.30M713.51M645.27M630.82M603.10M
Cash-3.16M3.11M100.95M149.16M96.19M187.37M220.79M214.68M232.67M243.15M382.12M235.87M170.75M153.44M161.92M
Total Debt---12.36M11.50M10.61M9.67M8.69M7.65M87.48M78.60M77.31M82.09M87.74M84.22M78.25M
Net Debt--3.16M-3.11M-88.60M-137.66M-85.58M-177.70M-212.10M-207.03M-145.19M-164.55M-304.82M-153.78M-83.01M-69.22M-83.67M

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow4.11M17.82M35.35M96.94M71.44M72.12M74.49M66.54M117.31M25.29M38.09M255.90M13.63M-72.43M21.71M66.66M
Investing Cash Flow-1.08M-2.67M-4.64M-4.02M-17.23M-126.93M19.82M-27.34M-117.98M-3.42M-17.23M-108.36M-53.98M74.87M-9.90M-3.82M
Financing Cash Flow-2.57M-16.92M-30.77M4.92M-6.00M1.83M-3.12M-5.78M-5.44M-3.88M-10.33M-5.92M-105.56M-67.68M-28.75M-54.58M
Capital Expenditure922.00K3.08M4.56M4.79M2.57M6.80M9.47M6.55M8.07M8.81M6.95M6.86M11.67M9.37M7.87M7.87M
Free Cash Flow3.19M14.73M30.79M92.15M68.87M65.32M65.01M59.98M109.24M16.48M31.14M249.05M1.96M-81.80M13.84M58.78M
Dividends Paid2.00M16.53M30.76M37.68M412.00K000-2.73M2.02M20.23M60.36M20.10M20.23M20.55M
FCF to OCF77.58%82.70%87.09%95.05%96.41%90.58%87.28%90.15%93.12%65.15%81.77%97.32%14.40%112.94%63.74%88.19%
Dividend Paid to FCF62.70%112.17%99.89%40.89%0.60%0.00%0.00%0.00%-16.60%6.50%8.12%3074.78%-24.58%146.13%34.96%

Earnings

Report DateNov 14, 2013Mar 11, 2014May 8, 2014Aug 7, 2014Nov 6, 2014Mar 5, 2015May 7, 2015Aug 6, 2015Nov 5, 2015Mar 10, 2016May 5, 2016Aug 4, 2016Nov 3, 2016Mar 9, 2017May 9, 2017Aug 8, 2017Nov 7, 2017Mar 8, 2018May 8, 2018Aug 7, 2018Nov 7, 2018Feb 20, 2019May 7, 2019Aug 6, 2019Nov 7, 2019Feb 20, 2020May 7, 2020Aug 6, 2020Nov 5, 2020Feb 18, 2021May 7, 2021Aug 6, 2021Nov 5, 2021Feb 18, 2022May 6, 2022Aug 5, 2022Nov 4, 2022Feb 17, 2023May 5, 2023Aug 4, 2023Nov 3, 2023Feb 16, 2024May 8, 2024Aug 7, 2024Nov 8, 2024Feb 14, 2025May 7, 2025Aug 7, 2025Nov 7, 2025Feb 13, 2026May 7, 2026Aug 6, 2026Nov 6, 2026
EPS Estimate-0.330.070.250.290.420.200.380.460.450.280.390.380.420.330.330.340.390.380.520.490.530.450.450.510.490.31-0.170.060.160.190.400.430.960.720.840.550.19-0.17-0.23-0.26-0.28-0.28-0.15-0.19-0.02-0.16-0.090.010.22-0.080.030.06
EPS Actual0.030.350.170.330.350.420.350.450.390.510.380.450.390.440.310.400.390.510.460.560.530.660.400.540.490.520.330.000.150.590.370.780.841.530.811.040.530.20-0.15-0.23-0.24-0.27-0.26-0.14-0.140.22-0.11-0.280.010.34-0.080.10-
Surprise-6.06%142.86%32.00%20.69%0.00%75.00%18.42%-15.22%13.33%35.71%15.38%2.63%4.76%-6.06%21.21%14.71%30.77%21.05%7.69%8.16%24.53%-11.11%20.00%-3.92%6.12%6.45%101.59%150.00%268.75%94.74%95.00%95.35%59.38%12.50%23.81%-3.64%5.26%11.76%0.00%7.69%3.57%7.14%6.67%26.32%1200.00%31.25%-211.11%0.00%54.55%0.00%233.33%-
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.13B
Enterprise Value998.15M
Trailing P/E80.41
Forward P/E0.00
PEG Ratio1.82
Price / Sales1.39
Price / Book1.97
EPS0.37
Book Value15.29
Revenue (TTM)812.22M
Gross Profit (TTM)306.40M
EBITDA20.84M
Profit Margin1.77%
Operating Margin1.09%
Return on Equity2.42%
Return on Assets0.80%
Shares Outstanding37.87M
Shares Float23.06M
Beta1.24
Dividend Yield1.68%
Dividend Rate0.50
Payout Ratio135.14%

Analyst Ratings

Strong Sell
Based on 1 analystsTarget 28.00
  • Strong Sell
    1

Ownership Breakdown

Institutions
98.45%
Insiders
3.88%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    3.93M10.38%
  • Vanguard Portfolio Management, LLC
    2.57M6.78%
  • Schroder Investment Management Group
    2.29M6.03%
  • Pzena Investment Management, LLC
    2.01M5.31%
  • Dimensional Fund Advisors, Inc.
    1.49M3.93%
  • Vanguard Capital Management, LLC
    1.06M2.80%
  • State Street Corp
    938.22K2.48%
  • Tributary Capital Management, LLC
    740.63K1.96%
  • Geode Capital Management, LLC
    645.15K1.70%
  • Two Sigma Investments LLC
    551.10K1.46%
  • Royce & Associates, LP
    511.69K1.35%
  • Charles Schwab Investment Management Inc
    433.61K1.15%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    1.43M3.78%
  • Vanguard Real Estate Index Investor
    853.24K2.25%
  • Vanguard MStar Total Stk Mkt Idx Invest
    725.19K1.91%
  • Schroder Global Recovery L Acc GBP
    711.02K1.88%
  • Schroder ISF Glbl Rcvy E Acc USD
    627.16K1.66%
  • iShares Russell 2000 ETF
    583.36K1.54%
  • Vanguard Small Cap Index
    521.87K1.38%
  • Schroder ISF Glb Div Mxmsr C Acc USD
    448.61K1.18%

Dividends

20262×
0.25Sep 15, 20260.25Mar 13, 2026
20252×
0.25Sep 15, 20250.25Mar 12, 2025
20242×
0.25Sep 16, 20240.25Mar 11, 2024
20233×
0.25Dec 7, 20230.25Sep 14, 20230.25Mar 13, 2023
20222×
0.25Sep 14, 20221.25Mar 7, 2022