MMI - Marcus & Millichap, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$26.00
DETAILS
HIGH:
$26.00
LOW:
$26.00
MEDIAN:
$26.00
CONSENSUS:
$26.00
DOWNSIDE:
9.82%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||
| Revenue | 755.2 | 696.1 | 645.9 | 1,301.7 | 1,296.4 | 716.9 | 806.4 | 814.8 | 719.7 | 717.5 | 689.1 | 572.2 | 435.9 | 385.7 | 274.7 | 217.9 |
| Cost of Revenue | 494.7 | 431.5 | 406.6 | 850.9 | 840.2 | 447.9 | 498.9 | 502.9 | 446.6 | 444.8 | 423.4 | 350.1 | 264.6 | 230.2 | 162.5 | 124.3 |
| Gross Profit | 260.5 | 264.6 | 239.3 | 450.8 | 456.2 | 269.0 | 307.6 | 311.9 | 273.1 | 272.7 | 265.7 | 222.1 | 171.3 | 155.5 | 112.2 | 93.7 |
| Operating Expenses | ||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 0 | 280.9 | 285.0 | 300.0 | 255.2 | 204.5 | 203.1 | 193.3 | 171.6 | 161.8 | 147.7 | 134.3 | 146.9 | 103.5 | 85.8 | 76.4 |
| Other Expenses | 272.8 | 16.6 | 13.6 | 13.4 | 11.7 | 10.9 | 8.0 | 6.3 | 5.4 | 4.4 | 3.3 | 3.2 | 3.0 | 3.0 | 3.0 | 3.3 |
| Operating Expenses | 272.8 | 297.5 | 298.6 | 313.4 | 266.9 | 215.4 | 211.1 | 199.6 | 177.0 | 166.2 | 151.0 | 137.5 | 150.0 | 106.5 | 88.8 | 79.8 |
| Operating Income | ||||||||||||||||
| Operating Income | (12.3) | (32.9) | (59.4) | 137.4 | 189.4 | 53.6 | 96.4 | 112.3 | 96.1 | 106.5 | 114.7 | 84.6 | 21.3 | 49.0 | 23.5 | 13.9 |
| Interest Expense | 0.8 | 0.8 | 0.9 | 0.7 | 0.6 | 0.9 | 1.4 | 1.4 | 1.5 | 1.5 | 1.7 | 1.7 | 0.1 | 0.0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||
| EBITDA | 15.9 | 4.4 | (25.9) | 156.1 | 205.6 | 71.2 | 116.9 | 124.9 | 106.1 | 113.0 | 118.4 | 87.8 | 25.1 | 52.4 | 26.4 | 17.2 |
| EBIT | 3.8 | (12.2) | (39.5) | 142.7 | 193.9 | 60.3 | 108.9 | 118.6 | 100.7 | 108.6 | 115.1 | 84.6 | 22.0 | 49.4 | 23.5 | 13.9 |
| Income Before Tax | 3.0 | (13.0) | (40.4) | 142.0 | 193.3 | 59.4 | 107.5 | 117.2 | 99.2 | 107.1 | 113.4 | 83.0 | 21.9 | 49.4 | 23.8 | 14.9 |
| Income Tax Expense | 4.9 | (0.7) | (6.4) | 37.8 | 50.8 | 16.5 | 30.6 | 30.0 | 47.7 | 42.4 | 47.0 | 33.5 | 13.7 | 21.5 | 10.4 | 6.5 |
| Net Income | (1.9) | (12.4) | (34.0) | 104.2 | 142.5 | 42.8 | 76.9 | 87.3 | 51.5 | 64.7 | 66.3 | 49.5 | 8.2 | 27.9 | 13.4 | 8.4 |
| Per Share Data | ||||||||||||||||
| EPS (Basic) | -0.05 | -0.32 | -0.88 | 2.61 | 3.57 | 1.08 | 1.95 | 2.23 | 1.32 | 1.66 | 1.71 | 1.27 | 0.24 | 0.70 | 0.35 | 0.22 |
| EPS (Diluted) | -0.05 | -0.32 | -0.88 | 2.59 | 3.55 | 1.08 | 1.95 | 2.22 | 1.32 | 1.66 | 1.69 | 1.27 | 0.24 | 0.70 | 0.35 | 0.22 |
| Shares Outstanding | 38.9 | 38.7 | 38.7 | 39.9 | 39.9 | 39.6 | 39.4 | 39.1 | 39.0 | 38.9 | 38.8 | 38.9 | 38.8 | 37.9 | 37.9 | 37.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 161.9 | 153.4 | 170.8 | 235.9 | 382.1 | 243.2 | 232.7 | 214.7 | 220.8 | 187.4 |
| Short-Term Investments | 90.6 | 196.0 | 178.4 | 253.4 | 183.9 | 158.3 | 150.8 | 137.4 | 73.6 | 27.5 |
| Net Receivables | 14.9 | 45.7 | 16.2 | 21.9 | 23.7 | 10.4 | 5.0 | 8.9 | 13.3 | 7.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.9 | 9.7 | 8.1 |
| Other Current Assets | 31.4 | 0 | 19.6 | 0 | 0.0 | 7.1 | 11.1 | 2.5 | 3.2 | 4.1 |
| Total Current Assets | 309.2 | 410.3 | 393.7 | 527.1 | 608.1 | 429.1 | 410.2 | 371.3 | 320.4 | 234.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 98.2 | 107.3 | 117.5 | 115.6 | 104.7 | 107.5 | 113.2 | 19.6 | 17.2 | 16.4 |
| Goodwill | 0 | 37.6 | 38.0 | 37.9 | 34.1 | 33.4 | 15.1 | 11.5 | 0 | 0 |
| Intangible Assets | 41.7 | 5.9 | 13.1 | 17.8 | 15.9 | 20.6 | 9.2 | 6.1 | 13.3 | 7.0 |
| Long-Term Investments | 159.2 | 60.6 | 67.5 | 78.1 | 122.1 | 47.8 | 60.8 | 83.2 | 52.1 | 77.5 |
| Other Non-Current Assets | 218.9 | 200.0 | 201.6 | 185.9 | 126.5 | 140.9 | 100.6 | 53.9 | 23.2 | 10.0 |
| Total Non-Current Assets | 518.0 | 459.5 | 484.7 | 476.6 | 437.1 | 350.0 | 298.9 | 195.0 | 139.2 | 160.0 |
| Total Assets | 827.2 | 869.8 | 878.4 | 1,003.7 | 1,045.2 | 779.1 | 709.0 | 566.4 | 459.7 | 394.0 |
| Current Liabilities | ||||||||||
| Account Payables | 11.0 | 13.7 | 8.1 | 11.4 | 15.5 | 10.0 | 9.4 | 9.9 | 9.2 | 9.5 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 6.6 | 1.1 | 1.0 | 1.0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 10.3 | 98.4 | 77.3 | 120.4 | 123.5 | 11.9 | 1.3 | 5.6 | 49.2 | 0 |
| Total Current Liabilities | 121.4 | 133.0 | 105.3 | 152.0 | 225.6 | 120.3 | 101.8 | 92.9 | 83.3 | 78.2 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.6 | 7.7 | 8.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (156.8) | (144.8) | (135.2) |
| Other Non-Current Liabilities | 43.2 | 40.3 | 58.5 | 73.1 | 64.9 | 52.6 | 49.2 | 57.4 | 53.9 | 48.3 |
| Total Non-Current Liabilities | 102.6 | 106.0 | 127.9 | 138.2 | 123.3 | 112.0 | 112.3 | 64.0 | 61.5 | 57.0 |
| Total Liabilities | 224.1 | 239.0 | 233.1 | 290.2 | 348.9 | 232.3 | 214.1 | 156.8 | 144.8 | 135.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 409.8 | 458.9 | 492.3 | 585.6 | 573.5 | 431.1 | 388.3 | 311.3 | 224.1 | 172.6 |
| Accumulated Other Comprehensive Income | 0.4 | (1.4) | (0.8) | (3.6) | 0.9 | 2.6 | 2.0 | 0.8 | 0.9 | 0.8 |
| Total Stockholders' Equity | 603.1 | 630.8 | 645.3 | 713.5 | 696.3 | 546.8 | 494.9 | 409.6 | 314.9 | 258.9 |
| Total Liabilities & Equity | 827.2 | 869.8 | 878.4 | 1,003.7 | 1,045.2 | 779.1 | 709.0 | 566.4 | 459.7 | 394.0 |
| Debt Metrics | ||||||||||
| Total Debt | 78.3 | 84.2 | 87.7 | 82.1 | 77.3 | 78.6 | 87.5 | 7.7 | 8.7 | 9.7 |
| Net Debt | (83.7) | (69.2) | (83.0) | (153.8) | (304.8) | (164.6) | (145.2) | (207.0) | (212.1) | (177.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 17.5 | (12.4) | (34.0) | 104.2 | 142.5 | 42.8 | 76.9 | 87.3 | 51.5 | 64.7 |
| Depreciation & Amortization | 12.1 | 16.6 | 13.6 | 13.4 | 11.7 | 10.9 | 8.0 | 6.3 | 5.4 | 4.4 |
| Stock-Based Compensation | 24.2 | 23.8 | 24.1 | 17.3 | 10.4 | 9.9 | 9.3 | 12.0 | 9.1 | 7.0 |
| Change in Working Capital | 5.6 | (29.0) | (95.8) | (137.8) | 75.1 | (49.4) | (90.2) | 11.8 | (12.6) | (1.7) |
| Other Non-Cash Items | 4.1 | 24.1 | 26.0 | 22.5 | 28.1 | 23.4 | 21.1 | 0.1 | 0.3 | (2.1) |
| Operating Cash Flow | 66.7 | 21.7 | (72.4) | 13.6 | 255.9 | 38.1 | 25.3 | 117.3 | 66.5 | 74.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (7.9) | (7.9) | (9.4) | (11.7) | (6.9) | (6.9) | (8.8) | (8.1) | (6.6) | (9.5) |
| Acquisitions | 0 | 0 | 0 | (12.5) | 0.2 | (16.3) | (6.1) | (14.9) | 0.0 | 0.0 |
| Purchases of Investments | (327.1) | (190.7) | (302.3) | (380.8) | (387.6) | (215.6) | (168.1) | (208.5) | (65.1) | (107.9) |
| Sales/Maturities of Investments | 331.1 | 188.8 | 391.6 | 351.0 | 285.6 | 221.7 | 179.7 | 113.9 | 44.8 | 137.6 |
| Other Investing Activities | 0 | (0.1) | (5.1) | (0.0) | 0.2 | (0.1) | (0.1) | (0.4) | (0.5) | (0.4) |
| Investing Cash Flow | (3.8) | (9.9) | 74.9 | (54.0) | (108.4) | (17.2) | (3.4) | (118.0) | (27.3) | 19.8 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | (6.6) | (1.1) | (1.0) | (1.0) | (0.9) |
| Stock Repurchased | (25.4) | (0.8) | (39.4) | (29.1) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (20.6) | (20.2) | (20.1) | (60.4) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (9.5) | (7.7) | (8.1) | (16.1) | (5.9) | (3.8) | (2.8) | (5.0) | (5.5) | (2.9) |
| Financing Cash Flow | (54.6) | (28.8) | (67.7) | (105.6) | (5.9) | (10.3) | (3.9) | (5.4) | (5.8) | (3.1) |
| Cash Position | ||||||||||
| Net Change in Cash | 8.5 | (17.3) | (65.1) | (146.3) | 139.0 | 10.5 | 18.0 | (6.1) | 33.4 | 91.2 |
| Cash at Beginning | 153.4 | 170.8 | 235.9 | 382.1 | 243.2 | 232.7 | 214.7 | 220.8 | 187.4 | 96.2 |
| Cash at End | 161.9 | 153.4 | 170.8 | 235.9 | 382.1 | 243.2 | 232.7 | 214.7 | 220.8 | 187.4 |
| Free Cash Flow | 58.8 | 13.8 | (81.8) | 2.0 | 249.0 | 31.1 | 16.5 | 109.2 | 60.0 | 65.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||
| Revenue | 755.2 | 696.1 | 645.9 | 1,301.7 | 1,296.4 | 716.9 | 806.4 | 814.8 | 719.7 | 717.5 | 689.1 | 572.2 | 435.9 | 385.7 | 274.7 | 217.9 |
| Gross Profit | 260.5 | 264.6 | 239.3 | 450.8 | 456.2 | 269.0 | 307.6 | 311.9 | 273.1 | 272.7 | 265.7 | 222.1 | 171.3 | 155.5 | 112.2 | 93.7 |
| Operating Income | (12.3) | (32.9) | (59.4) | 137.4 | 189.4 | 53.6 | 96.4 | 112.3 | 96.1 | 106.5 | 114.7 | 84.6 | 21.3 | 49.0 | 23.5 | 13.9 |
| Net Income | (1.9) | (12.4) | (34.0) | 104.2 | 142.5 | 42.8 | 76.9 | 87.3 | 51.5 | 64.7 | 66.3 | 49.5 | 8.2 | 27.9 | 13.4 | 8.4 |
| EPS (Diluted) | -0.05 | -0.32 | -0.88 | 2.59 | 3.55 | 1.08 | 1.95 | 2.22 | 1.32 | 1.66 | 1.69 | 1.27 | 0.24 | 0.70 | 0.35 | 0.22 |
| Balance Sheet | ||||||||||||||||
| Cash & Equivalents | 161.9 | 153.4 | 170.8 | 235.9 | 382.1 | 243.2 | 232.7 | 214.7 | 220.8 | 187.4 | ||||||
| Total Assets | 827.2 | 869.8 | 878.4 | 1,003.7 | 1,045.2 | 779.1 | 709.0 | 566.4 | 459.7 | 394.0 | ||||||
| Total Debt | 78.3 | 84.2 | 87.7 | 82.1 | 77.3 | 78.6 | 87.5 | 7.7 | 8.7 | 9.7 | ||||||
| Stockholders' Equity | 603.1 | 630.8 | 645.3 | 713.5 | 696.3 | 546.8 | 494.9 | 409.6 | 314.9 | 258.9 | ||||||
| Cash Flow | ||||||||||||||||
| Operating Cash Flow | 66.7 | 21.7 | (72.4) | 13.6 | 255.9 | 38.1 | 25.3 | 117.3 | 66.5 | 74.5 | ||||||
| Capital Expenditure | (7.9) | (7.9) | (9.4) | (11.7) | (6.9) | (6.9) | (8.8) | (8.1) | (6.6) | (9.5) | ||||||
| Free Cash Flow | 58.8 | 13.8 | (81.8) | 2.0 | 249.0 | 31.1 | 16.5 | 109.2 | 60.0 | 65.0 | ||||||