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Marcus & Millichap (MMI) Financials

Marcus & Millichap logo
$28.15 +0.15 (+0.53%)
Closing price 03:59 PM Eastern
Extended Trading
$28.12 -0.02 (-0.08%)
As of 04:04 PM Eastern
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Annual Income Statements for Marcus & Millichap

Annual Income Statements for Marcus & Millichap

This table shows Marcus & Millichap's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 -12 -34 104 142 43 77 87 52 65 66 50
Consolidated Net Income / (Loss)		 -12 -34 104 142 43 77 87 52 65 66 50
Net Income / (Loss) Continuing Operations		 -12 -34 104 142 43 77 87 52 65 66 50
Total Pre-Tax Income 		-13 -40 142 193 59 108 117 99 107 113 83
Total Revenue		 695 645 1,301 1,296 716 805 -1.40 -1.50 -1.53 687 571
Net Interest Income / (Expense)		 -0.81 -0.89 -0.71 -0.58 -0.90 -1.39 -1.40 -1.50 -1.53 -1.73 -1.65
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.81 0.89 0.71 0.58 0.90 1.39 1.40 1.50 1.53 1.73 1.65
Long-Term Debt Interest Expense		 0.81 0.89 0.71 0.58 0.90 1.39 1.40 1.50 1.53 1.73 1.65
Total Non-Interest Income		 696 646 1,302 1,296 717 806 0.00 0.00 0.00 689 572
Net Realized & Unrealized Capital Gains on Investments		 696 646 1,302 1,296 717 - - - - - -
Total Non-Interest Expense		 708 685 1,159 1,103 657 698 -119 -101 -109 574 488
Other Operating Expenses		 712 692 1,151 1,095 652 690 696 -106 -113 571 484
Depreciation Expense		 17 14 13 12 11 8.02 6.30 5.36 4.39 3.31 3.21
Other Special Charges		 -21 -20 -5.34 -4.53 -6.65 - -821 - - - -
Income Tax Expense		 -0.67 -6.37 38 51 17 31 30 48 42 47 33
Basic Earnings per Share		 ($0.32) ($0.88) $2.61 $3.57 $1.08 $1.95 $2.23 $1.32 $1.66 $1.71 $1.27
Weighted Average Basic Shares Outstanding		 38.68M 38.66M 39.89M 39.89M 39.64M 39.40M 39.15M 38.99M 38.90M 38.85M 38.85M
Diluted Earnings per Share		 ($0.32) ($0.88) $2.59 $3.55 $1.08 $1.95 $2.22 $1.32 $1.66 $1.69 $1.27
Weighted Average Diluted Shares Outstanding		 38.68M 38.66M 40.19M 40.19M 39.74M 39.55M 39.38M 39.10M 39.04M 39.16M 38.98M
Weighted Average Basic & Diluted Shares Outstanding		 38.89M 38.41M 39.24M 39.69M 39.40M 39.19M 39.10M 39M 39M 38.80M 39M

Quarterly Income Statements for Marcus & Millichap

This table shows Marcus & Millichap's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -4.42 8.55 -5.39 -5.54 -9.99 -10 -9.24 -8.73 -5.83 7.91 21
Consolidated Net Income / (Loss)		 -4.42 8.55 -5.39 -5.54 -9.99 -10 -9.24 -8.73 -5.83 7.91 21
Net Income / (Loss) Continuing Operations		 -4.42 8.55 -5.39 -5.54 -9.99 -10 -9.24 -8.73 -5.83 7.91 21
Total Pre-Tax Income 		-14 11 -6.35 -3.44 -15 -12 -11 -6.00 -11 10 31
Total Revenue		 145 240 168 158 129 166 162 163 155 262 324
Net Interest Income / (Expense)		 -0.19 -0.20 -0.21 -0.20 -0.20 -0.22 -0.24 -0.22 -0.22 -0.16 -0.23
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.19 0.20 0.21 0.20 0.20 0.22 0.24 0.22 0.22 0.16 0.23
Long-Term Debt Interest Expense		 0.19 0.20 0.21 0.20 0.20 0.22 0.24 0.22 0.22 0.16 0.23
Total Non-Interest Income		 145 240 169 158 129 166 162 163 155 262 324
Net Realized & Unrealized Capital Gains on Investments		 145 240 169 158 129 166 162 163 155 262 324
Total Non-Interest Expense		 159 228 175 162 144 178 173 169 166 252 292
Other Operating Expenses		 160 228 175 163 146 180 174 170 168 253 290
Depreciation Expense		 2.85 5.29 4.55 3.33 3.42 3.32 3.64 3.47 3.21 3.24 2.92
Other Special Charges		 -3.98 -4.99 -5.32 -4.81 -5.57 -5.73 -4.42 -4.89 -4.81 -4.37 -0.98
Income Tax Expense		 -9.50 2.95 -0.97 2.10 -4.75 -1.45 -2.01 2.73 -5.63 2.15 9.94
Basic Earnings per Share		 ($0.11) $0.22 ($0.14) ($0.14) ($0.26) ($0.26) ($0.24) ($0.23) ($0.15) $0.21 $0.53
Weighted Average Basic Shares Outstanding		 38.93M 38.68M 38.76M 38.68M 38.45M 38.66M 38.49M 38.54M 39.20M 39.89M 40.09M
Diluted Earnings per Share		 ($0.11) $0.22 ($0.14) ($0.14) ($0.26) ($0.26) ($0.24) ($0.23) ($0.15) $0.21 $0.53
Weighted Average Diluted Shares Outstanding		 38.93M 38.68M 38.76M 38.68M 38.45M 38.66M 38.49M 38.54M 39.20M 40.19M 40.30M
Weighted Average Basic & Diluted Shares Outstanding		 38.98M 38.89M 38.82M 38.73M 38.68M 38.41M 38.38M 38.46M 38.48M 39.24M 39.37M
Cash Dividends to Common per Share		 $0.25 - $0.25 - - - - - - - -

Annual Cash Flow Statements for Marcus & Millichap

This table details how cash moves in and out of Marcus & Millichap's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 -17 -65 -146 139 10 18 -6.10 33 91 -53 48
Net Cash From Operating Activities		 22 -72 14 256 38 25 117 67 74 72 71
Net Cash From Continuing Operating Activities		 22 -72 14 256 38 25 117 67 74 72 71
Net Income / (Loss) Continuing Operations		 -12 -34 104 142 43 77 87 52 65 66 50
Consolidated Net Income / (Loss)		 -12 -34 104 142 43 77 87 52 65 66 50
Depreciation Expense		 17 14 13 12 11 8.02 6.30 5.36 4.39 3.31 3.21
Non-Cash Adjustments to Reconcile Net Income		 46 44 34 27 34 31 13 21 7.09 9.03 4.33
Changes in Operating Assets and Liabilities, net		 -29 -96 -138 75 -49 -90 10 -11 -1.69 -6.85 14
Net Cash From Investing Activities		 -9.90 75 -54 -108 -17 -3.42 -118 -27 20 -127 -17
Net Cash From Continuing Investing Activities		 -9.90 75 -54 -108 -17 -3.42 -118 -27 20 -127 -17
Purchase of Property, Leasehold Improvements and Equipment		 -7.87 -9.37 -12 -6.86 -6.95 -8.81 -8.07 -6.55 -9.47 -6.80 -2.57
Purchase of Investment Securities		 -191 -307 -393 -387 -232 -174 -224 -66 -108 -146 -15
Sale and/or Maturity of Investments		 189 392 351 286 222 180 114 45 138 26 0.13
Net Cash From Financing Activities		 -29 -68 -106 -5.92 -10 -3.88 -5.44 -5.78 -3.12 1.84 -6.01
Net Cash From Continuing Financing Activities		 -29 -68 -106 -5.92 -10 -3.88 -5.44 -5.78 -3.12 1.84 -6.01
Issuance of Common Equity		 0.85 0.66 0.71 0.65 0.64 0.66 0.62 0.65 0.67 0.98 0.41
Repurchase of Common Equity		 -0.79 -39 -29 0.00 0.00 - - - - - -
Payment of Dividends		 -20 -20 -60 0.00 0.00 - - - - - -0.41
Other Financing Activities, Net		 -8.59 -8.80 -17 -6.57 -4.41 -3.45 -5.02 -5.45 -2.85 1.75 -5.14
Effect of Exchange Rate Changes		 -0.37 0.12 -0.37 -2.64 -0.05 0.00 0.00 - - - -
Cash Interest Paid		 0.58 0.48 0.61 0.75 1.22 2.11 2.20 1.91 0.63 0.87 0.64
Cash Income Taxes Paid		 0.47 0.67 70 49 7.33 40 24 35 37 43 36

Quarterly Cash Flow Statements for Marcus & Millichap

This table details how cash moves in and out of Marcus & Millichap's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -3.74 -19 11 71 -80 -53 53 -57 -7.85 -35 59
Net Cash From Operating Activities		 -53 57 15 0.85 -51 15 7.66 6.43 -101 25 40
Net Cash From Continuing Operating Activities		 -53 57 15 0.85 -51 15 7.66 6.43 -101 25 40
Net Income / (Loss) Continuing Operations		 -4.42 8.55 -5.39 -5.54 -9.99 -10 -9.24 -8.73 -5.83 7.91 21
Consolidated Net Income / (Loss)		 -4.42 8.55 -5.39 -5.54 -9.99 -10 -9.24 -8.73 -5.83 7.91 21
Depreciation Expense		 2.85 5.29 4.55 3.33 3.42 3.32 3.64 3.47 3.21 3.24 2.92
Non-Cash Adjustments to Reconcile Net Income		 4.37 15 12 14 6.14 14 1.35 14 15 5.46 8.02
Changes in Operating Assets and Liabilities, net		 -56 28 4.55 -11 -51 7.72 12 -2.17 -113 8.79 7.67
Net Cash From Investing Activities		 57 -65 -3.47 80 -22 -54 46 -35 117 -23 25
Net Cash From Continuing Investing Activities		 57 -65 -3.47 80 -22 -54 46 -35 117 -23 25
Purchase of Property, Leasehold Improvements and Equipment		 -1.49 -1.53 -2.05 -1.66 -2.64 -1.68 -2.22 -2.61 -2.86 -3.10 -3.54
Purchase of Investment Securities		 -61 -83 -40 -2.46 -66 -131 -33 -76 -67 -104 -102
Sale and/or Maturity of Investments		 120 19 38 84 47 79 82 44 187 85 131
Net Cash From Financing Activities		 -8.07 -10 -1.12 -9.73 -7.50 -14 -0.95 -28 -24 -38 -5.88
Net Cash From Continuing Financing Activities		 -8.07 -10 -1.12 -9.73 -7.50 -14 -0.95 -28 -24 -38 -5.88
Repurchase of Common Equity		 -0.43 -0.23 - - -0.55 -4.51 - -18 -17 -23 -5.66
Payment of Dividends		 -0.70 -9.74 -0.15 -9.75 -0.59 -9.66 -0.11 -9.89 -0.44 -10 -0.08
Other Financing Activities, Net		 -6.95 -0.86 -0.97 -0.41 -6.35 -0.45 -0.83 -0.63 -6.88 -4.49 -0.14
Effect of Exchange Rate Changes		 0.00 -0.31 0.08 -0.06 -0.08 0.12 -0.12 0.10 0.02 0.07 -0.26
Cash Interest Paid		 0.39 0.01 0.01 0.07 0.49 0.06 0.02 0.02 0.39 0.02 0.09
Cash Income Taxes Paid		 0.02 0.02 0.02 0.26 0.16 -0.05 0.01 0.51 0.21 11 19

Annual Balance Sheets for Marcus & Millichap

This table presents Marcus & Millichap's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 870 878 1,004 1,045 779 709 566 460 394 321 234
Cash and Due from Banks		 153 171 236 382 243 233 215 221 187 96 149
Trading Account Securities		 241 236 322 296 206 212 221 126 105 134 15
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 107 118 116 23 107 113 20 17 16 12 7.69
Intangible Assets		 44 51 56 48 52 22 15 0.00 - - -
Other Assets		 325 303 275 295 170 129 96 96 85 79 62
Total Liabilities & Shareholders' Equity		 870 878 1,004 1,045 779 709 566 460 394 321 234
Total Liabilities		 239 233 290 349 232 214 157 145 135 132 117
Accrued Interest Payable		 19 18 17 18 23 18 4.49 - - - 29
Other Short-Term Payables		 114 87 135 208 97 77 87 82 77 74 37
Other Long-Term Liabilities		 106 128 138 123 112 112 57 54 48 48 39
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 631 645 714 696 547 495 410 315 259 189 117
Total Preferred & Common Equity		 631 645 714 696 547 495 410 315 259 189 117
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 631 645 714 696 547 495 410 315 259 189 117
Common Stock		 173 154 132 122 113 105 97 90 85 81 75
Retained Earnings		 459 492 586 574 431 388 311 224 173 108 42
Accumulated Other Comprehensive Income / (Loss)		 -1.43 -0.77 -3.62 0.91 2.57 1.98 0.78 0.94 0.81 0.46 0.16

Quarterly Balance Sheets for Marcus & Millichap

This table presents Marcus & Millichap's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 802 834 825 827 882 884 910 1,000
Cash and Due from Banks		 150 173 162 91 224 171 228 271
Trading Account Securities		 180 176 174 256 187 236 203 301
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 25 111 117 121 125 28 136 27
Intangible Assets		 43 47 49 50 52 54 55 57
Other Assets		 404 327 324 310 294 395 289 344
Total Liabilities & Shareholders' Equity		 802 834 825 827 882 884 910 1,000
Total Liabilities		 184 216 199 201 233 220 228 276
Accrued Interest Payable		 19 18 18 18 18 18 17 0.00
Other Short-Term Payables		 67 95 75 75 85 71 86 147
Other Long-Term Liabilities		 98 103 106 109 129 131 125 129
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 618 618 627 626 649 664 682 724
Total Preferred & Common Equity		 618 618 627 626 649 664 682 724
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 618 618 627 626 649 664 682 724
Common Stock		 175 167 162 155 145 140 133 128
Retained Earnings		 444 451 466 472 507 526 552 600
Accumulated Other Comprehensive Income / (Loss)		 -1.08 0.14 -1.36 -1.28 -2.92 -2.60 -2.45 -3.93

Annual Metrics And Ratios for Marcus & Millichap

This table displays calculated financial ratios and metrics derived from Marcus & Millichap's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.78% -50.42% 0.40% 80.98% -11.06% 57,602.86% 6.42% 2.41% -100.22% 20.47% 30.92%
EBITDA Growth		 113.30% -117.23% -24.19% 191.80% -39.18% -6.47% 18.10% -6.19% -4.08% 34.90% 255.68%
EBIT Growth		 67.75% -128.45% -26.53% 225.62% -44.78% -8.28% 18.13% -7.35% -5.16% 36.13% 291.65%
NOPAT Growth		 67.75% -127.13% -26.84% 232.58% -44.32% -11.84% 69.35% -20.31% -2.55% 33.96% 525.25%
Net Income Growth		 63.68% -132.66% -26.84% 232.58% -44.32% -11.84% 69.35% -20.31% -2.55% 33.96% 503.59%
EPS Growth		 63.64% -133.98% -27.04% 228.70% -44.62% -12.16% 68.18% -20.48% -1.78% 33.07% 429.17%
Operating Cash Flow Growth		 129.98% -631.44% -94.67% 571.87% 50.62% -78.45% 76.31% -10.67% 3.28% 0.96% -26.31%
Free Cash Flow Firm Growth		 -86.64% -54.09% 1,343.50% -176.93% 65.46% -14.42% -81.44% 17.45% 13.53% -25.62% 91.32%
Invested Capital Growth		 -2.24% -9.56% 2.47% 27.33% 9.05% 20.19% 28.94% 20.50% 34.53% 55.56% 71.42%
Revenue Q/Q Growth		 11.88% -12.99% -28.46% 69.19% -17.15% 98.07% 99.09% 99.60% -100.21% 4.69% 0.00%
EBITDA Q/Q Growth		 116.49% -424.88% -32.05% 33.35% 4.25% -13.56% 4.38% 0.66% -4.40% 6.10% 0.00%
EBIT Q/Q Growth		 64.02% -116.60% -34.14% 36.25% 3.72% -2.95% 4.27% 0.53% -4.83% 6.18% 0.00%
NOPAT Q/Q Growth		 64.02% -116.60% -34.17% 36.87% 7.26% -6.68% 25.53% -14.44% -4.12% 5.60% 0.00%
Net Income Q/Q Growth		 60.31% -114.19% -34.17% 36.87% 7.26% -6.68% 25.53% -14.44% -4.12% 5.60% 0.00%
EPS Q/Q Growth		 60.00% -114.63% -34.26% 37.07% 8.00% -7.14% 25.42% -14.29% -3.49% 4.97% 0.00%
Operating Cash Flow Q/Q Growth		 207.19% -17.37% -90.57% 54.21% 1,139.04% -55.04% 21.93% 14.12% -0.76% -3.98% 2.40%
Free Cash Flow Firm Q/Q Growth		 -15.03% -35.09% 30.62% 2.06% -3.86% -24.25% -32.38% 16.04% -33.78% 0.00% 0.00%
Invested Capital Q/Q Growth		 2.12% -0.63% -1.44% 10.13% 4.95% 4.76% 6.89% 2.40% 6.73% 10.30% 0.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 0.51% -4.15% 11.95% 15.82% 9.81% 14.35% 0.00% 0.00% 0.00% 16.91% 15.10%
EBIT Margin		 -1.87% -6.26% 10.92% 14.92% 8.29% 13.35% 0.00% 0.00% 0.00% 16.43% 14.54%
Profit (Net Income) Margin		 -1.78% -5.28% 8.01% 10.99% 5.98% 9.56% 0.00% 0.00% 0.00% 9.65% 8.68%
Tax Burden Percent		 94.89% 84.24% 73.38% 73.70% 72.16% 71.55% 74.44% 51.93% 60.37% 58.53% 59.69%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.39% 100.03%
Effective Tax Rate		 0.00% 0.00% 26.62% 26.30% 27.84% 28.45% 25.56% 48.07% 39.63% 41.47% 40.31%
Return on Invested Capital (ROIC)		 -1.43% -4.16% 14.79% 22.92% 8.17% 16.75% 0.00% 0.00% 0.00% 40.47% 48.76%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 8.17% 16.75% 0.00% 0.00% 0.00% 40.47% 48.76%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.05% 0.26% 0.00% 0.00% 0.00% 2.93% 6.49%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 8.22% 17.01% 24.09% 17.96% 28.87% 43.39% 55.25%
Cash Return on Invested Capital (CROIC)		 0.84% 5.88% 12.34% -1.13% -0.48% -1.59% -1.73% -1.19% -1.82% -3.01% -3.87%
Operating Return on Assets (OROA)		 -1.49% -4.29% 13.86% 21.19% 7.98% 16.86% 0.00% 0.00% 0.00% 40.71% 41.38%
Return on Assets (ROA)		 -1.41% -3.62% 10.17% 15.62% 5.76% 12.06% 0.00% 0.00% 0.00% 23.92% 24.71%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 8.22% 17.01% 24.09% 17.96% 28.87% 43.39% 55.25%
Return on Equity Simple (ROE_SIMPLE)		 -1.96% -5.27% 14.61% 20.46% 7.83% 15.54% 21.30% 16.36% 24.98% 35.11% 42.40%
Net Operating Profit after Tax (NOPAT)		 -9.12 -28 104 142 43 77 87 52 65 66 50
NOPAT Margin		 -1.31% -4.38% 8.01% 10.99% 5.98% 9.56% 0.00% 0.00% 0.00% 9.65% 8.68%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 101.87% 106.26% 89.08% 85.08% 91.71% 86.65% 0.00% 0.00% 0.00% 83.57% 85.46%
Earnings before Interest and Taxes (EBIT)		 -13 -40 142 193 59 108 117 99 107 113 83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3.56 -27 155 205 70 116 124 105 111 116 86
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.35 2.56 1.85 2.77 2.54 2.79 3.06 3.74 3.67 5.41 9.86
Price to Tangible Book Value (P/TBV)		 2.53 2.78 2.00 2.98 2.80 2.92 3.18 3.74 3.67 5.41 9.86
Price to Revenue (P/Rev)		 2.14 2.56 1.01 1.49 1.94 1.71 0.00 0.00 0.00 1.49 2.02
Price to Earnings (P/E)		 0.00 0.00 12.64 13.55 32.36 17.92 14.38 22.83 14.70 15.42 23.25
Dividend Yield		 1.31% 1.16% 1.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 7.91% 7.38% 3.09% 5.58% 6.95% 4.38% 6.80% 6.49% 4.30%
Enterprise Value to Invested Capital (EV/IC)		 2.11 2.30 1.52 2.22 2.09 2.30 2.51 2.98 2.88 4.70 7.90
Enterprise Value to Revenue (EV/Rev)		 1.92 2.30 0.83 1.19 1.60 1.43 0.00 0.00 0.00 1.36 1.78
Enterprise Value to EBITDA (EV/EBITDA)		 374.04 0.00 6.96 7.55 16.27 9.97 8.48 9.22 6.93 8.06 11.77
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 7.61 8.01 19.26 10.72 8.94 9.72 7.22 8.30 12.22
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 10.37 10.87 26.69 14.98 12.01 18.71 11.95 14.13 20.47
Enterprise Value to Operating Cash Flow (EV/OCF)		 61.34 0.00 79.32 6.05 30.01 45.57 8.93 14.49 10.38 13.00 14.19
Enterprise Value to Free Cash Flow (EV/FCFF)		 249.60 37.13 12.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.03 0.04 0.06 0.10
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.02 0.03 0.05 0.09
Financial Leverage		 0.00 0.00 0.00 0.00 0.01 0.02 0.02 0.03 0.05 0.07 0.13
Leverage Ratio		 1.37 1.39 1.45 1.47 1.43 1.41 1.42 1.49 1.60 1.81 2.24
Compound Leverage Factor		 1.37 1.39 1.45 1.47 1.43 1.41 1.42 1.49 1.60 1.82 2.24
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 1.31% 1.83% 2.68% 3.60% 5.32% 8.97%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 1.31% 0.26% 0.32% 0.37% 0.47% 0.70%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.57% 2.36% 3.23% 4.85% 8.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 98.69% 98.17% 97.32% 96.40% 94.68% 91.03%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.06 0.06 0.08 0.09 0.09 0.13
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -1.96 -1.68 -2.03 -1.59 -0.74 -1.60
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.07 0.08 0.08 0.12
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.09 0.09 0.17 0.15 0.16 0.23
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -2.94 -2.37 -4.12 -2.75 -1.29 -2.78
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.08 0.15 0.13 0.15 0.21
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 5.34 40 87 -7.00 -2.53 -7.32 -6.39 -3.52 -4.27 -4.94 -3.93
Operating Cash Flow to CapEx		 275.80% -773.00% 116.83% 3,732.00% 548.42% 287.65% 1,453.34% 1,016.76% 789.63% 1,061.21% 2,785.07%
Free Cash Flow to Firm to Interest Expense		 6.57 44.99 122.91 -12.07 -2.81 -5.27 -4.57 -2.36 -2.78 -2.86 -2.38
Operating Cash Flow to Interest Expense		 26.74 -81.57 19.25 441.21 42.32 18.22 83.80 44.48 48.59 41.78 43.27
Operating Cash Flow Less CapEx to Interest Expense		 17.05 -92.12 2.77 429.39 34.60 11.88 78.03 40.10 42.44 37.85 41.72
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.80 0.69 1.27 1.42 0.96 1.26 0.00 0.00 0.00 2.48 2.85
Fixed Asset Turnover		 6.19 5.53 18.75 19.84 6.49 12.13 0.00 0.00 0.00 71.33 70.21
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 631 645 714 696 547 501 417 324 269 200 128
Invested Capital Turnover		 1.09 0.95 1.85 2.08 1.37 1.75 0.00 0.00 0.00 4.19 5.62
Increase / (Decrease) in Invested Capital		 -14 -68 17 149 45 84 94 55 69 71 53
Enterprise Value (EV)		 1,332 1,483 1,081 1,548 1,143 1,152 1,048 964 773 937 1,014
Market Capitalization		 1,485 1,654 1,317 1,930 1,386 1,378 1,255 1,176 950 1,023 1,152
Book Value per Share		 $16.25 $16.81 $18.13 $17.55 $13.89 $12.65 $10.60 $8.26 $6.88 $5.09 $3.19
Tangible Book Value per Share		 $15.13 $15.48 $16.71 $16.34 $12.57 $12.08 $10.20 $8.26 $6.88 $5.09 $3.19
Total Capital		 631 645 714 696 547 501 417 324 269 200 128
Total Debt		 0.00 0.00 0.00 0.00 0.00 6.56 7.65 8.69 9.67 11 12
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 6.56 7.65 8.69 9.67 11
Net Debt		 -153 -171 -236 -382 -243 -226 -207 -212 -178 -86 -138
Capital Expenditures (CapEx)		 7.87 9.37 12 6.86 6.95 8.79 8.07 6.54 9.43 6.80 2.57
Net Nonoperating Expense (NNE)		 3.24 5.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00 6.56 7.65 8.69 9.67 11 12
Total Depreciation and Amortization (D&A)		 17 14 13 12 11 8.02 6.30 5.36 4.39 3.31 3.21
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.32) ($0.88) $2.61 $3.57 $1.08 $1.95 $2.23 $1.32 $1.66 $1.71 $1.27
Adjusted Weighted Average Basic Shares Outstanding		 38.68M 38.66M 39.89M 39.89M 39.64M 39.40M 39.15M 38.99M 38.90M 38.85M 38.85M
Adjusted Diluted Earnings per Share		 ($0.32) ($0.88) $2.59 $3.55 $1.08 $1.95 $2.22 $1.32 $1.66 $1.69 $1.27
Adjusted Weighted Average Diluted Shares Outstanding		 38.68M 38.66M 40.19M 40.19M 39.74M 39.55M 39.38M 39.10M 39.04M 39.16M 38.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 38.89M 38.41M 39.24M 39.69M 39.40M 39.19M 38.98M 38.58M 38.07M 37.57M 37.07M
Normalized Net Operating Profit after Tax (NOPAT)		 -24 -42 100 139 38 77 -524 52 65 66 50
Normalized NOPAT Margin		 -3.40% -6.54% 7.71% 10.74% 5.31% 9.56% 0.00% 0.00% 0.00% 9.65% 8.68%
Pre Tax Income Margin		 -1.87% -6.26% 10.92% 14.92% 8.29% 13.35% 0.00% 0.00% 0.00% 16.49% 14.54%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -16.04 -45.50 200.61 333.28 65.96 77.46 83.73 66.33 69.86 65.43 50.25
NOPAT to Interest Expense		 -11.23 -31.85 147.21 245.64 47.60 55.43 62.33 34.44 42.18 38.44 30.00
EBIT Less CapEx to Interest Expense		 -25.74 -56.05 184.13 321.46 58.24 71.12 77.96 61.95 63.71 61.49 48.69
NOPAT Less CapEx to Interest Expense		 -20.93 -42.40 130.73 233.82 39.88 49.09 56.56 30.07 36.02 34.50 28.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -163.61% -59.07% 57.91% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.83%
Augmented Payout Ratio		 -169.96% -174.95% 85.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.83%

Quarterly Metrics And Ratios for Marcus & Millichap

This table displays calculated financial ratios and metrics derived from Marcus & Millichap's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.37% 44.48% 4.03% -2.76% -16.61% -36.70% -50.01% -58.91% -51.59% -66.37% -2.60%
EBITDA Growth		 2.13% 300.54% 76.33% 95.70% -36.95% -162.91% -122.24% -104.26% -117.05% -84.64% -29.25%
EBIT Growth		 5.53% 198.38% 43.54% 42.71% -28.49% -216.09% -135.94% -110.69% -125.74% -87.98% -31.24%
NOPAT Growth		 5.53% 204.51% 43.54% 42.71% -28.49% -203.37% -136.86% -109.96% -124.48% -87.24% -37.03%
Net Income Growth		 55.72% 183.53% 41.72% 36.56% -71.22% -229.34% -143.25% -120.70% -117.79% -87.24% -37.03%
EPS Growth		 57.69% 184.62% 41.67% 39.13% -73.33% -223.81% -145.28% -122.12% -118.52% -86.54% -36.90%
Operating Cash Flow Growth		 -3.57% 285.83% 98.79% -86.77% 49.59% -42.20% -80.88% -59.02% -49.86% -83.75% -39.41%
Free Cash Flow Firm Growth		 -103.76% -61.70% -59.27% -28.97% 28.95% 746.25% 194.89% 162.77% 127.27% 89.38% 9.03%
Invested Capital Growth		 -1.28% -2.24% -4.87% -5.61% -8.30% -9.56% -10.31% -7.43% -6.05% 2.47% 14.50%
Revenue Q/Q Growth		 -39.61% 42.53% 6.41% 22.70% -22.36% 2.62% -0.53% 5.22% -41.07% -18.95% -18.24%
EBITDA Q/Q Growth		 -165.96% 1,031.35% -1,553.21% 99.04% -35.15% -9.93% -200.55% 69.33% -162.08% -61.13% -42.44%
EBIT Q/Q Growth		 -221.09% 280.97% -84.76% 76.66% -26.10% -3.86% -87.47% 47.66% -213.92% -67.84% -44.23%
NOPAT Q/Q Growth		 -213.98% 292.25% -84.76% 76.66% -26.10% -3.86% -87.47% 47.66% -201.44% -62.96% -49.34%
Net Income Q/Q Growth		 -151.73% 258.74% 2.76% 44.55% 2.40% -10.75% -5.85% -49.65% -173.72% -62.96% -49.34%
EPS Q/Q Growth		 -150.00% 257.14% 0.00% 46.15% 0.00% -8.33% -4.35% -53.33% -171.43% -60.38% -49.04%
Operating Cash Flow Q/Q Growth		 -193.27% 272.02% 1,689.54% 101.67% -447.46% 91.67% 19.11% 106.36% -498.39% -36.59% 155.27%
Free Cash Flow Firm Q/Q Growth		 -107.57% -15.36% -22.00% -24.73% -22.92% -10.01% 36.05% 36.63% 486.30% 86.79% 10.01%
Invested Capital Q/Q Growth		 -2.10% 2.12% -1.43% 0.18% -3.06% -0.63% -2.19% -2.67% -4.39% -1.44% 0.95%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -7.64% 7.00% -1.07% -0.07% -8.77% -5.04% -4.71% -1.56% -5.34% 5.07% 10.58%
EBIT Margin		 -9.61% 4.79% -3.77% -2.17% -11.43% -7.04% -6.95% -3.69% -7.42% 3.84% 9.67%
Profit (Net Income) Margin		 -3.05% 3.56% -3.20% -3.50% -7.75% -6.16% -5.71% -5.37% -3.77% 3.02% 6.60%
Tax Burden Percent		 31.77% 74.36% 84.78% 161.08% 67.79% 87.58% 82.13% 145.46% 50.87% 78.61% 68.25%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 25.64% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 21.39% 31.75%
Return on Invested Capital (ROIC)		 -7.70% 3.88% -2.59% -1.45% -7.58% -4.68% -5.25% -3.38% -8.38% 5.57% 17.70%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.27% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -8.37% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 -0.09% 0.84% 0.99% 1.31% 3.98% 5.88% 8.96% 9.84% 15.56% 12.34% 9.82%
Operating Return on Assets (OROA)		 -8.39% 3.81% -2.73% -1.56% -8.15% -4.82% -5.48% -3.60% -8.92% 4.87% 18.76%
Return on Assets (ROA)		 -2.67% 2.83% -2.32% -2.52% -5.52% -4.22% -4.50% -5.24% -4.54% 3.83% 12.81%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -8.37% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -1.10% 0.00% -5.04% -5.58% -6.10% 0.00% -2.45% 2.22% 9.62% 0.00% 21.87%
Net Operating Profit after Tax (NOPAT)		 -9.74 8.55 -4.45 -2.41 -10 -8.18 -7.88 -4.20 -8.03 7.91 21
NOPAT Margin		 -6.73% 3.56% -2.64% -1.52% -8.00% -4.93% -4.87% -2.58% -5.19% 3.02% 6.60%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -8.65% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 109.61% 95.21% 103.77% 102.17% 111.43% 107.04% 106.95% 103.69% 107.42% 96.16% 90.33%
Earnings before Interest and Taxes (EBIT)		 -14 11 -6.35 -3.44 -15 -12 -11 -6.00 -11 10 31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -11 17 -1.80 -0.11 -11 -8.37 -7.61 -2.53 -8.26 13 34
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.17 2.35 2.48 1.95 2.10 2.56 1.71 1.80 1.82 1.85 1.77
Price to Tangible Book Value (P/TBV)		 2.33 2.53 2.69 2.11 2.28 2.78 1.86 1.96 1.98 2.00 1.92
Price to Revenue (P/Rev)		 1.88 2.14 2.47 1.98 2.12 2.56 1.50 1.32 1.09 1.01 0.70
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 81.16 18.92 12.64 8.09
Dividend Yield		 1.45% 1.31% 1.26% 1.59% 1.46% 1.16% 1.73% 1.61% 1.58% 1.49% 1.56%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.23% 5.29% 7.91% 12.37%
Enterprise Value to Invested Capital (EV/IC)		 1.93 2.11 2.21 1.69 1.95 2.30 1.37 1.54 1.49 1.52 1.39
Enterprise Value to Revenue (EV/Rev)		 1.67 1.92 2.19 1.72 1.97 2.30 1.20 1.13 0.89 0.83 0.56
Enterprise Value to EBITDA (EV/EBITDA)		 312.99 374.04 0.00 0.00 0.00 0.00 0.00 27.84 10.26 6.96 4.41
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 42.80 11.78 7.61 4.68
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 69.52 15.44 10.37 6.38
Enterprise Value to Operating Cash Flow (EV/OCF)		 59.82 61.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 79.32 6.98
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 249.60 216.90 124.72 46.90 37.13 14.45 15.05 9.25 12.42 15.15
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.00 0.00
Leverage Ratio		 1.31 1.37 1.35 1.32 1.33 1.39 1.37 1.34 1.39 1.45 1.38
Compound Leverage Factor		 1.31 1.37 1.35 1.32 1.33 1.39 1.37 1.34 1.39 1.45 1.38
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.74 23 27 35 46 60 67 49 36 -9.29 -70
Operating Cash Flow to CapEx		 -3,544.00% 3,705.36% 743.60% 51.36% -1,933.35% 873.53% 345.09% 246.82% -3,535.00% 818.96% 1,131.14%
Free Cash Flow to Firm to Interest Expense		 -9.31 114.45 130.67 170.80 232.61 278.04 276.90 227.08 166.97 -57.72 -307.12
Operating Cash Flow to Interest Expense		 -282.57 281.87 73.22 4.17 -256.39 67.98 31.79 29.78 -470.73 157.79 174.96
Operating Cash Flow Less CapEx to Interest Expense		 -290.55 274.26 63.37 -3.95 -269.65 60.20 22.58 17.71 -484.05 138.52 159.49
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.87 0.80 0.72 0.72 0.71 0.69 0.79 0.98 1.20 1.27 1.94
Fixed Asset Turnover		 9.77 6.19 5.26 8.48 4.82 5.53 9.77 13.07 9.58 18.75 73.17
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 618 631 618 627 626 645 649 664 682 714 724
Invested Capital Turnover		 1.14 1.09 0.98 0.95 0.95 0.95 1.08 1.31 1.61 1.85 2.68
Increase / (Decrease) in Invested Capital		 -8.00 -14 -32 -37 -57 -68 -75 -53 -44 17 92
Enterprise Value (EV)		 1,190 1,332 1,362 1,057 1,221 1,483 889 1,023 1,013 1,081 1,009
Market Capitalization		 1,340 1,485 1,535 1,219 1,312 1,654 1,113 1,194 1,241 1,317 1,280
Book Value per Share		 $15.88 $16.25 $15.95 $16.20 $16.27 $16.81 $16.88 $17.26 $17.38 $18.13 $18.12
Tangible Book Value per Share		 $14.78 $15.13 $14.74 $14.94 $14.97 $15.48 $15.53 $15.86 $15.99 $16.71 $16.69
Total Capital		 618 631 618 627 626 645 649 664 682 714 724
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -150 -153 -173 -162 -91 -171 -224 -171 -228 -236 -271
Capital Expenditures (CapEx)		 1.49 1.53 2.05 1.66 2.64 1.68 2.22 2.61 2.86 3.10 3.54
Net Nonoperating Expense (NNE)		 -5.32 0.00 0.94 3.13 -0.33 2.05 1.37 4.53 -2.19 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 2.85 5.29 4.55 3.33 3.42 3.32 3.64 3.47 3.21 3.24 2.92
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.11) $0.22 ($0.14) ($0.14) ($0.26) ($0.26) ($0.24) ($0.23) ($0.15) $0.21 $0.53
Adjusted Weighted Average Basic Shares Outstanding		 38.93M 38.68M 38.76M 38.68M 38.45M 38.66M 38.49M 38.54M 39.20M 39.89M 40.09M
Adjusted Diluted Earnings per Share		 ($0.11) $0.22 ($0.14) ($0.14) ($0.26) ($0.26) ($0.24) ($0.23) ($0.15) $0.21 $0.53
Adjusted Weighted Average Diluted Shares Outstanding		 38.93M 38.68M 38.76M 38.68M 38.45M 38.66M 38.49M 38.54M 39.20M 40.19M 40.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 38.98M 38.89M 38.82M 38.73M 38.68M 38.41M 38.38M 38.46M 38.48M 39.24M 39.37M
Normalized Net Operating Profit after Tax (NOPAT)		 -13 4.84 -8.17 -5.78 -14 -12 -11 -7.62 -11 4.48 21
Normalized NOPAT Margin		 -8.65% 2.02% -4.86% -3.65% -11.02% -7.34% -6.78% -4.69% -7.37% 1.71% 6.39%
Pre Tax Income Margin		 -9.61% 4.79% -3.77% -2.17% -11.43% -7.04% -6.95% -3.69% -7.42% 3.84% 9.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -74.43 57.19 -30.54 -16.85 -74.04 -54.09 -46.68 -27.78 -53.33 62.52 136.69
NOPAT to Interest Expense		 -52.10 42.53 -21.38 -11.80 -51.82 -37.86 -32.68 -19.45 -37.33 49.14 93.28
EBIT Less CapEx to Interest Expense		 -82.41 49.58 -40.38 -24.98 -87.30 -61.88 -55.89 -39.85 -66.65 43.25 121.22
NOPAT Less CapEx to Interest Expense		 -60.08 34.92 -31.22 -19.92 -65.09 -45.65 -41.89 -31.51 -50.65 29.88 77.82
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -299.12% -163.61% -64.70% -57.47% -53.04% -59.07% -129.87% 140.04% 92.67% 57.91% 31.68%
Augmented Payout Ratio		 -308.77% -169.96% -80.97% -71.95% -114.04% -174.95% -496.90% 574.93% 162.40% 85.79% 35.26%

Frequently Asked Questions About Marcus & Millichap's Financials

When does Marcus & Millichap's fiscal year end?

According to the most recent income statement we have on file, Marcus & Millichap's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Marcus & Millichap's net income changed over the last 10 years?

Marcus & Millichap's net income appears to be on a downward trend, with a most recent value of -$12.36 million in 2024, falling from $49.53 million in 2014. The previous period was -$34.04 million in 2023. Find out what analysts predict for Marcus & Millichap in the coming months.

How has Marcus & Millichap revenue changed over the last 10 years?

Over the last 10 years, Marcus & Millichap's total revenue changed from $570.54 million in 2014 to $695.25 million in 2024, a change of 21.9%.

How much debt does Marcus & Millichap have?

Marcus & Millichap's total liabilities were at $238.98 million at the end of 2024, a 2.5% increase from 2023, and a 104.6% increase since 2014.

How much cash does Marcus & Millichap have?

In the past 10 years, Marcus & Millichap's cash and equivalents has ranged from $96.19 million in 2015 to $382.14 million in 2021, and is currently $153.45 million as of their latest financial filing in 2024.

How has Marcus & Millichap's book value per share changed over the last 10 years?

Over the last 10 years, Marcus & Millichap's book value per share changed from 3.19 in 2014 to 16.25 in 2024, a change of 409.4%.


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This page (NYSE:MMI) was last updated on 5/23/2025 by MarketBeat.com Staff
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