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MMI

Marcus & Millichap, Inc.

MMI

NYSE·Real Estate·Real Estate - Services·Mkt cap $1.2B

$31.86

+0.50%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$24.43 - $33.62

P/E

Fwd P/E

70.80

Beta

1.26

Div Yield

1.58%

Avg Vol

233.2K

Shares Out

38.1M

Mkt Cap

$1.2B

Price action

Price chart

Down 1.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Largest independent commercial real estate brokerage platform in North America with extensive agent network
  • Integrated capital markets solutions providing direct access to debt and equity financing
  • Proprietary research and market intelligence across multiple asset classes and geographies
  • Diversified revenue streams reducing dependence on transaction volumes alone
  • Established relationships with institutional investors, REITs, and capital providers

Bear Case

2 risks

  • Average volatility.
  • Extreme premium - high expectations embedded

Growth

Turning profitable

Increased commercial real estate transaction volumes and capital deployment post-economic cycles

Value

Extreme premium - high expectations embedded

Momentum

Hot

+20.5% over 3m

Quality

Stable

Strong fundamentals

Dividend

Modest

1.58% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 1, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of -$0.08 vs -$0.08 consensus (0.0% surprise). Revenue of $171.5M vs $162.2M expected (+5.7%). Beat on both top and bottom lines.

EPS beat 0.0%
Rev beat +5.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

0.0%

Next: May 1, 2026

Revenue trend · last 8Q

+44%

+12%

+9%

+15%

+2%

+18%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$158.4M

$168.5M

$240.1M

$145.0M

$172.3M

$193.9M

$243.9M

$171.5M

Margins · last 8Q

Gross

Operating

Profit

-1.8%

Wall Street consensus

1 analyst · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

0%

Sell

1

100%

Median Price Target

Latest: Wells Fargo · Feb 2, 2026

vs Industry

How MMI stacks vs Real Estate - Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.