Marcus & Millichap, Inc. · Real Estate Agents & Managers (For Others)

MMI

Low riskNext report: Nov 6 (confirmed)

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The short version

A company still losing money with growing sales. Institutions are adding.

Going well

Sales up 18% in the latest quarter vs a year ago
Buying back shares: share count down 3.1% in 3 years
No debt reported

Watch out for

Losing money

Money moves

No insider buying or selling in the last 30 days
Institutions added 3.4% to their holdings in the quarter ending June 2026 (97 bought, 76 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$27.40-0.6% that day

Company value: $1.0B; Share price times all shares
Price vs profit (P/E): 74.1x; You pay about $74 for each $1 of yearly profit
Price vs sales: 1.3x; Company value is 1.3 times a year of sales
Cash vs value: 15%; Cash as a share of company value

From MMI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$202.9M+18% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $812.2M, up 12% from the 12 months before. Over 5 years, sales grew about 1.0% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of MMI. Starting points are the company's recent numbers.

Sales growth+12% a yearRecently: +12% a yearProfit margin2%Last 12 months: 1.8%P/E at the end40xToday: 74.1x. Many steady companies trade at 12x to 25xShare count change-1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$1.4B

Profit in 5 years$29M

Price these guesses point to$31.80+16% vs $27.40 todayAbout +3.0% a year, before dividends

What today's price needs: with a 2% margin and a 40x P/E, sales would have to grow about 8.7% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-0.3%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-0.3%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$58.8M
PassShare count not growingNot diluting owners. Falling means buybacks.-3.1% in 3 years

Revenue: $755.2M; +8.5% vs prior year
5-year growth: +1.0%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 2.55x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.