What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Marcus & Millichap MMI Gross Profit

Discontinued — last reported Q4 '19

Gross Profit at other companies

CBRE GroupCBRE

$1.85B+15.0%

Cushman & Wakefield CWK

$420.7M+9.5%

CenterspaceCSR

$62.69M-3.0%

CoStar GroupCSGP

$701M+21.1%

Other financials

Income statement

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Revenue$171.5M+18.2%

Operating income-$5.8M+67.4%

Net income-$3.1M+29.9%

EPS (diluted)-$0.08+27.3%

Balance sheet

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Cash & equivalents$136.5M-8.8%

Total debt$75.0M-10.6%

Total equity$569.1M-7.9%

Total assets$755.0M-5.9%

Cash flow

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Operating cash flow-$27.6M+47.8%

CapEx$3.0M+99.5%

Free cash flow-$30.5M+43.8%

Valuation

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Market cap$1.12B-6.3%

Enterprise value$1.06B-6.3%

P/S1.4×-0.2×

Profitability

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Gross margin38.1%—

Operating margin-9.1%+59.1pp

Net margin-5%-19.8pp

FCF margin10.6%+8.7pp

Returns & leverage

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Return on equity-4.9%-44.5pp

Debt / equity0.1×0.0×

Current ratio2.6×-1.1×

Where this comes from

Calculated from Marcus & Millichap’s reported figures.

$237.9Mtotal revenue−$155.2Mtotal cost of revenue=$82.71M

The official record: Marcus & Millichap’s 10-K, filed March 1, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.