MMIMarcus & Millichap, Inc.
Real Estate Agents & Managers (for Others)
- Revenue
- $755M
- 8.5% YoY
- Operating margin
- -1.8%
- 62% YoY
- EBITDA
- −$2M
- 90% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear69% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear5% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.3B | $646M | $696M | $755M | 8.5% |
| Operating income | $189M | $137M | −$59M | −$33M | −$14M | 58% |
| Net income | $142M | $104M | −$34M | −$12M | −$2M | 85% |
| Operating cash flow | $256M | $14M | −$72M | $22M | $67M | 207% |
| Capex | $7M | $12M | $9M | $8M | $8M | 0.0% |
| Stock-based comp | $10M | $17M | $24M | $24M | $24M | 1.8% |
| Buybacks | $0 | $29M | $39M | $785K | $25M | 3131% |
| Dividends | $0 | $60M | $20M | $20M | $21M | 1.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.