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Marcus & Millichap MMI Operating margin

Operating margin at other companies

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4.5%+0.3pp
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4.4%+0.1pp
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RE/MAX HoldingsRMAX
7.5%-5.5pp

Other financials

Income statement

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Revenue$202.9M+17.8%
Operating income$2.2M+124%
Net income$3.9M+135%
EPS (diluted)$0.10+136%

Balance sheet

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Cash & equivalents$153.5M+78.6%
Total debt$74.2M-10.0%
Total equity$578.9M-4.7%
Total assets$765.8M-3.3%

Cash flow

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Operating cash flow-$27.6M+47.8%
CapEx$945.0K-45.5%
Free cash flow-$30.5M+43.8%

Valuation

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Market cap$1.2B-4.6%
Enterprise value$1.12B-10.7%
P/S1.5×-0.3×

Profitability

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Gross margin38.1%
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 ratio2.9×-0.6×

Where this comes from

Calculated from Marcus & Millichap’s reported figures.

Based on trailing twelve months.

The source filing: Marcus & Millichap’s 10-Q, filed November 7, 2025. Open the filing →

Filed
Nov 7, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001628280-25-050707

FAQ

What is Marcus & Millichap's operating margin?
Marcus & Millichap (MMI) reported operating margin of -9.1% in Q3 2024.
How has Marcus & Millichap's operating margin changed year-over-year?
Marcus & Millichap's operating margin decreased by 86.6% year-over-year, from -4.9% to -9.1%.
What is the long-term trend for Marcus & Millichap's operating margin?
Over 3 years (2020 to 2023), Marcus & Millichap's operating margin has grown at a 7.1% compound annual growth rate (CAGR), from 7.5% to -9.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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