Marcus & Millichap MMI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| EBITDA margin | 1.8%+1.5pp | 0.3%— | —— | —— | —— | |
| Free cash flow margin | 10.6%+2.8pp | 7.8%-1.5pp | 9.3%+4.7pp | 4.6%+2.7pp | 1.8%-0.1pp | |
| Returns | ||||||
| Return on invested capital | 0.2%+1.1pp | -0.9%— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 1×+0.1× | 0.9×0.0× | 0.9×0.0× | 0.9×0.0× | 0.9×+0.1× | |
| Liquidity | ||||||
| Current ratio | 2.6×+0.1× | 2.5×-0.2× | 2.7×-0.7× | 3.5×-0.3× | 3.8×+0.7× | |
| Quick ratio | 2.6×+0.1× | 2.5×-0.2× | 2.7×-0.7× | 3.5×-0.3× | 3.8×+0.7× | |
| Cash ratio | 1.5×+0.1× | 1.3×+0.3× | 1×0.0× | 1×-0.7× | 1.7×+0.6× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Net debt / EBITDA | -4.4×+30.8× | -35.3×— | —— | —— | —— | |
| Interest coverage | 3×+15.6× | -12.6×— | —— | —— | —— | |
| Per Share | ||||||
| Book value per share | $14.90-3.8% | $15.49+0.7% | $15.37-1.3% | $15.58-1.8% | $15.86-2.7% | |
| Valuation | ||||||
| Market capitalization | $1.12B-5.0% | $1.06B-7.2% | $1.14B-5.3% | $1.21B-10.5% | $1.35B-9.1% | |
| Enterprise value | $1.06B-4.9% | $978.53M-11.5% | $1.11B-8.2% | $1.2B-6.2% | $1.28B-9.3% | |
| Price / sales | 1.4×-0.2× | 1.4×-0.1× | 1.5×-0.1× | 1.7×-0.2× | 1.9×-0.2× | |
| Price / book | 2×+0.1× | 1.8×-0.1× | 1.9×-0.1× | 2×-0.2× | 2.2×-0.2× | |
| EV / EBITDA | 77.7×— | 412.4×— | —— | —— | —— | |
| EV / sales | 1.4×-0.2× | 1.3×-0.2× | 1.5×-0.2× | 1.7×-0.1× | 1.8×-0.2× | |
| Free cash flow yield | 7.3%+6.2pp | 5.5%-0.6pp | 6.1%+3.4pp | 2.8%+1.8pp | 1%0.0pp | |
| Dividend yield | 1.8%+0.1pp | 1.9%+0.1pp | 1.8%+0.1pp | 1.7%+0.2pp | 1.5%+0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Marcus & Millichap's profit margins?
- Marcus & Millichap (MMI) runs a 38.1% gross margin and a -9.1% operating margin, with a -5.0% net margin.
- Where do Marcus & Millichap's ratios come from?
- Every ratio is computed from Marcus & Millichap's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
