profit from every $100 of sales.
$0$100
Marcus & Millichap
$24.62-6.74% today
-18.2% in 1 year
1-year low $24.621-year high $32.75
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Marcus & Millichap sold, what it kept, and what it did with the cash.
Sales went from $1.30 billion in 2022 to $755 million in 2025, with -$1.91 million of profit last year.
SalesProfit
Marcus & Millichap handed back 78% of the cash it generated last year.
Buybacks $25M$21M
Free cash flow 2025$59M
Bought back its own shares$25M
Paid as dividends$21M
Cash vs. debt$162M vs. $78M
Marcus & Millichap vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Marcus & Millichap | No profit yet | ||
 CBRE Group | 33.6× · Expensive | ||
 Jones Lang LaSalle | 21.6× · Fair price | ||
 FirstService | 44.8× · Expensive | ||
 Cushman & Wakefield | 37.0× · Expensive |
AI analysis
An AI analyst reads Marcus & Millichap's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,302 | 646 | 696 | 755 | |
| 451 | 239 | 265 | 285 | |
| 137 | -59 | -33 | -14 | |
| 156 | -26 | 4 | 16 | |
| 104 | -34 | -12 | -2 | |
| 2.59 | -0.88 | -0.32 | -0.05 | |
| 34.6% | 37.0% | 38.0% | 37.7% | |
| 10.6% | -9.2% | -4.7% | -1.8% | |
| 8.0% | -5.3% | -1.8% | -0.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 1,004 | 878 | 870 | 827 |
| Cash | 236 | 171 | 153 | 162 |
| Total debt | 82 | 88 | 84 | 78 |
| Total liabilities | 290 | 233 | 239 | 224 |
| 714 | 645 | 631 | 603 | |
| 40 | 39 | 39 | 39 | |
| 14.2% | -4.3% | -1.3% | 0.4% | |
| 14.6% | -5.3% | -2.0% | -0.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 14 | -72 | 22 | 67 | |
| 12 | 9 | 8 | 8 | |
| 2 | -82 | 14 | 59 | |
| Dividends paid | 60 | 20 | 20 | 21 |
| 29 | 39 | 1 | 25 | |
| 17 | 24 | 24 | 24 |
Valuation
- –
- 57.3×
- –
- 1.9×
- 1.2×
- 15.9×
- 53.5×
- 6.3%
- -0.2%
- 1.7%
Profitability
- 37.7%
- -1.8%
- -0.3%
- 3.5%
- 0.0%
- 5.0%
- -0.1%
- -0.1%
- -0.0%
- –
Growth
- −16.6%
- –
- +324.7%
- –
- −0.6%
Financial health
- -1.8×
- 0.13
- 9.9%
- -0.3×
- 2.65
- 2.65
- 1.04
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 8%of 743
Bottom 5%of 749
Bottom 5%of 759
Top 44%of 760
What analysts expect
- Average price target
- $26.00
- Range
- $26.00 – $26.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | -0.08 | -0.08 | +0.0% |
| Feb 13, 2026 | 0.34 | 0.22 | +58.1% |
| Nov 7, 2025 | 0.09 | 0.24 | −62.5% |
| Aug 7, 2025 | -0.28 | -0.02 | −1,300.0% |
| May 7, 2025 | -0.11 | -0.16 | +31.3% |
| Feb 14, 2025 | 0.22 | -0.06 | +466.7% |
| Nov 8, 2024 | -0.14 | -0.19 | +26.3% |
| Aug 7, 2024 | -0.14 | -0.15 | +6.7% |
1.7%of the share price, paid each year
On $1,000 invested$17a year at today's yield, before tax
–per share
Raised–not every year
Paid per share, each year
$1.50 in 2022 → $0.50 in 2025
How safe it looks
-3,382.1% of its profit
Room to growStretchedMore than it earns: 35.0%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
22No pass
Benjamin Graham
38No pass
Philip Fisher
25No pass
Peter Lynch
7No pass
Joel Greenblatt
0No pass
Charlie Munger
19No pass
Terry Smith
21No pass
Questions about Marcus & Millichap
Is Marcus & Millichap a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Marcus & Millichap AI analysis
What does Marcus & Millichap do?
Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. It is in Real Estate - Services.
Does Marcus & Millichap pay a dividend?
Yes. At today's price the dividend is 1.7% a year. In 2025 it paid out $20.6 million in dividends.
Is Marcus & Millichap stock halal?
Yes. Marcus & Millichap passes our halal screen: its business is permitted and its debt is 8% of its market value, under the 30% limit. How we check
How has Marcus & Millichap stock done over the past year?
Down 18.2% over the past twelve months, to $24.62. It traded between $24.62 and $32.75 and is 24.8% below its high.
Who are Marcus & Millichap's competitors?
The largest listed companies in the same industry are CBRE Group, Jones Lang LaSalle, FirstService and Cushman & Wakefield. The peers table on this page compares their profit, growth and price with Marcus & Millichap's.
Prices: daily closes to Nov 10, 2026. Fundamentals: company reports via invest-like data.