SequelSEC

Marcus & Millichap, Inc. MMI

Real Estate Agents & Managers (For Others) · CIK 0001578732 · Fiscal year ends 1231

Revenue
$812.22M
Fiscal year ended 2026-06-30
Operating income
$9.48M
Fiscal year ended 2026-06-30
Free cash flow
$84.52M
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$722.00MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$18.88Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue1.0×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.2×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

8.7× earnings today, against a median of 8.9× across 7 years on record. In line with its own history.

Float measuredPublic floatFloat / net income
2022-06-30$906.90M8.7×
2021-06-30$937.20M6.6×
2020-06-30$670.50M15.7×
2019-06-30$704.00M9.2×
2018-06-30$814.90M9.3×
2017-06-30$458.80M8.9×
2016-06-30$402.60M6.2×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Real Estate Agents & Managers (For Others) filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Effective tax rate163.2%100th
CapEx / revenue1.0%88th
Current ratio2.55x82th
FCF margin7.8%75th
SBC / revenue3.2%75th
Net margin-0.3%64th
Operating margin-1.8%40th
Revenue YoY growth8.5%45th

Marcus & Millichap, Inc. (MMI) reported revenue of $812.22M and net income of $14.36M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Marcus & Millichap, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Agents & Managers (For Others).

Income

Marcus & Millichap, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Revenue$812.22M
Cost of revenueUnavailable
Gross profitUnavailable
Operating income$9.48M
Net income$14.36M
Research & developmentUnavailable
Weighted-average diluted sharesUnavailable
Pretax income$24.78M
Income tax expense$10.43M
Diluted EPSUnavailable
Selling, general & administrative$286.08M
General & administrativeUnavailable
Selling & marketingUnavailable

Balance

Marcus & Millichap, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Cash & equivalentsUnavailable
Total assets$765.80M
Current assets$270.64M
Total liabilities$186.88M
Current liabilities$92.83M
Total equity incl. NCI$578.91M
Temporary (mezzanine) equityUnavailable
InventoryUnavailable
Accounts receivableUnavailable
Goodwill$37.67M
Long-term debtUnavailable
Accounts payableUnavailable

Cash flow

Marcus & Millichap, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Operating cash flow$93.08M
Capital expenditures$8.57M
Investing cash flow$44.76M
Financing cash flow-$70.00M
Net change in cash$67.56M
Stock-based compensation$25.22M
Common dividends paid$20.33M
Common share repurchases$43.46M
Depreciation & amortization$10.84M

Derived

Marcus & Millichap, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Free cash flow$84.52M
Gross marginUnavailable
Operating margin1.2%
FCF margin10.4%
SBC / revenue3.1%
Current ratio2.92x
Revenue YoY growth11.9%
Net margin1.8%
R&D / revenueUnavailable
CapEx / revenue1.1%
Long-term debt / equityUnavailable
Effective tax rate42.1%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MMI in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-07View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.