Marcus & Millichap Inc
NYSE: MMI · REAL ESTATE · REAL ESTATE SERVICES
Updated 2026-06-05
Marcus & Millichap Inc (MMI) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2010 | $217.94M | $8.39M | 42.98% | 6.37% | 3.85% |
| 2011 | $274.70M | $13.45M | 40.85% | 8.54% | 4.90% |
| 2012 | $385.72M | $27.93M | 40.31% | 12.71% | 7.24% |
| 2013 | $435.89M | $8.21M | 39.29% | 4.88% | 1.88% |
| 2014 | $572.19M | $49.53M | 38.81% | 14.79% | 8.66% |
| 2015 | $689.05M | $66.35M | 38.56% | 16.64% | 9.63% |
| 2016 | $717.45M | $64.66M | 38.01% | 14.84% | 9.01% |
| 2017 | $719.70M | $51.52M | 37.95% | 13.36% | 7.16% |
| 2018 | $814.82M | $87.26M | 38.28% | 13.78% | 10.71% |
| 2019 | $806.43M | $76.93M | 38.14% | 11.96% | 9.54% |
| 2020 | $716.91M | $42.84M | 37.53% | 7.48% | 5.98% |
| 2021 | $1.30B | $142.47M | 35.19% | 14.61% | 10.99% |
| 2022 | $1.30B | $104.22M | 34.63% | 10.56% | 8.01% |
| 2023 | $645.93M | $-34.03M | 37.04% | -9.19% | -5.27% |
| 2024 | $696.06M | $-12.36M | 38.01% | -4.73% | -1.78% |
| 2025 | $755.16M | $-1.91M | 34.49% | -1.63% | -0.25% |
Frequently asked questions
What is Marcus & Millichap Inc's revenue?
Marcus & Millichap Inc's trailing twelve-month revenue is $781.59M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MMI?
In its most recent fiscal year, MMI ran a gross margin of 34.49%, an operating margin of -1.63%, and a net margin of -0.25%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MMI generate?
MMI produced $58.78M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MMI's balance sheet healthy?
MMI holds $161.92M in cash and equivalents against — in long-term debt, on $603.10M of shareholder equity. That debt is best read against the cash flow the business throws off each year.