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.

Marcus & Millichap MMI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
EBITDA margin	1.8%—	0.3%—	——	——	——
Free cash flow margin	10.6%+8.7pp	7.8%+5.8pp	9.3%—	4.6%—	1.8%—
Returns
Return on invested capital	0.2%—	-0.9%—	——	——	——
Efficiency
Asset turnover	1×+0.1×	0.9×+0.1×	0.9×+0.2×	0.9×+0.2×	0.9×+0.2×
Liquidity
Current ratio	2.6×-1.1×	2.5×-0.5×	2.7×-0.4×	3.5×-0.2×	3.8×+0.1×
Quick ratio	2.6×-1.1×	2.5×-0.5×	2.7×-0.4×	3.5×-0.2×	3.8×+0.1×
Cash ratio	1.5×-0.3×	1.3×+0.2×	1×-0.5×	1×-0.8×	1.7×+0.8×
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×—	-35.3×—	——	——	——
Interest coverage	3×—	-12.6×—	——	——	——
Per Share
Book value per share	$14.90-6.1%	$15.49-5.0%	$15.37-3.5%	$15.58-3.8%	$15.86-2.5%
Valuation
Market capitalization	$1.12B-6.3%	$1.06B-28.5%	$1.14B-25.3%	$1.21B-0.3%	$1.35B+2.9%
Enterprise value	$1.06B-6.3%	$978.53M-30.9%	$1.11B-23.5%	$1.2B+5.8%	$1.28B-2.2%
Price / sales	1.4×-0.2×	1.4×-0.7×	1.5×-0.9×	1.7×-0.3×	1.9×-0.2×
Price / book	2×0.0×	1.8×-0.6×	1.9×-0.6×	2×+0.1×	2.2×+0.1×
EV / EBITDA	76.6×—	412.4×—	——	——	——
EV / sales	1.4×-0.2×	1.3×-0.7×	1.5×-0.9×	1.7×-0.2×	1.8×-0.3×
Free cash flow yield	7.4%+6.3pp	5.5%+4.6pp	6.1%—	2.8%—	1%—
Dividend yield	1.8%+0.1pp	1.9%+0.6pp	1.8%+0.5pp	1.7%0.0pp	1.5%0.0pp

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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.