MMI

BEARISH

$28.01 Live

Marcus & Millichap, Inc. · NYSE

Target $28.0 (-0.0%)

$24.43 52W Range $33.62

MMI Marcus & Millichap, Inc. - Fundamental Analysis

BEARISH

Console Chart News

MMI Stock | Fundamental Analysis & Investment Insights

NYSE • Real Estate • Real Estate Services

Current Price Live

$28.01

Analyst Target

$28.0

-0.0% Downside

52W High

$33.62

52W Low

$24.43

Overview AI Snowflake Price Valuation Profitability Growth Health Statements Peers Insiders SEC Filings

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 30, 2026

Market cap

$1.07B

P/E

N/A

ROE

-0.3%

Profit margin

-0.3%

Debt/Equity

0.13

Dividend yield

1.79%

AI Analysis

AI-powered fundamental assessment

Confidence

85%

MMI presents a contradictory profile with a stable Piotroski F-Score of 6/9 and a strong balance sheet, yet suffers from severe operational inefficiency. The company is currently unprofitable with negative net margins, ROE, and ROA, while revenue growth has stagnated at 1.60%. Most critically, the dividend is unsustainable with a payout ratio of 135.14%, indicating the company is paying out more than it earns. Combined with a bearish technical trend and negative insider sentiment, the outlook is poor.

Key Strengths

Very low Debt/Equity ratio (0.13)

Strong liquidity with a Current Ratio of 2.55

Stable Piotroski F-Score (6/9)

Healthy Gross Margin of 37.70%

Positive Operating Margin (6.30%) despite net losses

Key Risks

Unsustainable dividend payout ratio (135.14%)

Negative Profit Margin (-0.25%) and negative ROE/ROA

Stagnant year-over-year revenue growth (1.60%)

Bearish technical trend (0/100 score)

Consistent long-term price decline (5Y Change: -13.5%)

AI Fair Value Estimate

Based on comprehensive analysis

$24.0

-14.3% below current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall

Weak

Value

Future

Past

Health

Dividend

AI Verdict

Bearish

Key drivers: Negative profitability, Dividend insolvency, Stagnant top-line growth, Bearish technicals

Confidence

90%

Value

40/100

Forward P/E is elevated for a company with negative net margins.

Positives

Reasonable Price/Book (1.78)

Watchpoints

High Forward P/E (31.47) relative to negative current earnings
Lack of Graham Number support

Future

30/100

Growth metrics are inconsistent; top-line stagnation limits upside.

Positives

High YoY Earnings Growth (56.9%)

Watchpoints

Revenue growth is nearly flat (1.6%)
Earnings growth is likely a recovery from deep negatives rather than organic expansion

Past

40/100

Long-term trend is consistently downward.

Positives

Recent 1-month price recovery (+6.9%)

Watchpoints

Negative 1Y, 3Y, and 5Y price performance
Poor earnings surprise track record (Average -72.2% over last 4 quarters)

Health

75/100

Balance sheet is the strongest aspect of the company.

Positives

Piotroski F-Score of 6/9 (Stable)
Low leverage (Debt/Equity 0.13)
High Quick Ratio (2.21)

Watchpoints

Negative ROA and ROE

Dividend

10/100

Dividend is being funded by cash reserves or debt rather than earnings.

Positives

Current yield of 1.79%

Watchpoints

Payout ratio of 135.14% is fundamentally unsustainable

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price

$28.01

Analyst Target

$28.0

Upside/Downside

-0.0%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for MMI and closest competitors.

Updated 2026-04-29

Company	5Y	3Y	1Y	6M	1M	1W
MMI Marcus & Millichap, Inc. Primary	-13.5%	-6.4%	-7.5%	-3.3%	+6.9%	-0.8%
BFS Saul Centers, Inc. Peer	+35.2%	-8.1%	-6.4%	-1.2%	+1.6%	-1.1%
MFA MFA Financial, Inc. Peer	+12.3%	+47.1%	+19.6%	+22.4%	+9.6%	-0.4%
DEA Easterly Government Properties, Inc. Peer	-37.7%	-14.6%	+25.7%	+12.0%	+7.0%	+0.4%
CSR Centerspace Peer	+15.6%	+40.2%	+17.2%	+14.3%	+15.4%	+2.1%

MMI

Marcus & Millichap, Inc.

Primary

-13.5%

-6.4%

-7.5%

-3.3%

+6.9%

-0.8%

BFS

Saul Centers, Inc.

Peer

+35.2%

-8.1%

-6.4%

-1.2%

+1.6%

-1.1%

MFA

MFA Financial, Inc.

Peer

+12.3%

+47.1%

+19.6%

+22.4%

+9.6%

-0.4%

DEA

Easterly Government Properties, Inc.

Peer

-37.7%

-14.6%

+25.7%

+12.0%

+7.0%

+0.4%

CSR

Centerspace

Peer

+15.6%

+40.2%

+17.2%

+14.3%

+15.4%

+2.1%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

N/A

31.47

N/A

1.78

1.41

1.19

-1093.29

$1.07B

Profitability

Profit margins and return metrics

Profit Margin -0.25%

Operating Margin 6.3%

Gross Margin 37.7%

ROE -0.31%

ROA -0.95%

Growth

Revenue and earnings growth rates

Revenue Growth +1.6%

Earnings Growth +56.9%

Q/Q Revenue Growth +1.61%

Q/Q Earnings Growth +55.7%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity

0.13

Low debt

Current Ratio

2.55

Strong

Quick Ratio

2.21

Excellent

Cash/Share

$6.46

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue

$0.2B

Gross Margin

36.7%

Op. Margin

6.3%

Net Margin

5.5%

Total Assets

$0.8B

Liabilities

$0.2B

Equity

$0.6B

Debt/Equity

0.37x

Operating CF

$0.0B

CapEx

$-0.0B

Free Cash Flow

$0.0B

FCF Yield

95%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-05-07

$N/A

2026-02-13

$0.34

+58.1% surprise

2025-11-07

$0.01

-80.0% surprise

2025-08-07

$-0.28

-194.7% surprise

Real Estate Sector Comparison

Comparing MMI against 197 companies in the Real Estate sector (9 bullish, 41 neutral, 147 bearish)

Return on Equity (ROE)

-0.31%

This Stock

-28.9%

Sector Avg

-98.9% (Below Avg)

Profit Margin

-0.25%

This Stock

11.67%

Sector Avg

-102.2% (Weaker)

Debt to Equity

0.13

This Stock

2.39

Sector Avg

-94.6% (Less Debt)

Revenue Growth

1.6%

This Stock

14310.31%

Sector Avg

-100.0% (Slower)

Current Ratio

2.55

This Stock

8.76

Sector Avg

-70.9% (Weaker)

Similar Companies

Peer comparison within the same industry

Company	AI Rating	Market Cap	P/E	ROE	Profit Margin	Price
MMI Marcus & Millichap, Inc.	BEARISH	$1.07B	-	-0.3%	-0.3%	$28.01
BFS Saul Centers, Inc.	BEARISH	$1.08B	27.63	10.3%	13.8%	$31.5	Compare
MFA MFA Financial, Inc.	NEUTRAL	$1.04B	7.82	9.6%	54.3%	$10.17	Compare
DEA Easterly Government...	BEARISH	$1.12B	105.32	0.8%	3.2%	$23.17	Compare
CSR Centerspace	BEARISH	$1.12B	65.19	2.6%	6.4%	$66.49	Compare

MMI Marcus & Millichap, Inc.

BEARISH

Mkt Cap

$1.1B

P/E

ROE

-0.3%

Price

$28.01

BFS Saul Centers, Inc.

Compare with MMI

MFA MFA Financial, Inc.

Compare with MMI

Compare with MMI

Compare with MMI

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

Date	Insider	Position	Transaction	Shares	Value
2026-03-13	NADJI HESSAMEDIN	Chief Executive Officer	Sale	1,300	$33,280
2026-03-12	NADJI HESSAMEDIN	Chief Executive Officer	Gift	7,000	-
2026-03-10	NADJI HESSAMEDIN	Chief Executive Officer	Stock Award	81,115	-
2026-03-10	LABERGE GREGORY A	Officer	Stock Award	9,697	-
2026-03-10	PARKER JOHN DAVID	Chief Operating Officer	Stock Award	24,201	-
2026-03-10	DE BOSSCHERE FABRICE	Officer	Stock Award	2,087	-
2026-03-10	DEGENNARO STEVEN F	Chief Financial Officer	Stock Award	16,140	-
2025-12-12	NADJI HESSAMEDIN	Chief Executive Officer	Gift	625	-
2025-12-05	NADJI HESSAMEDIN	Chief Executive Officer	Gift	2,450	-

NADJI HESSAMEDIN

Chief Executive Officer

Sell

2026-03-13

1,300 shares · $33,280

NADJI HESSAMEDIN

Chief Executive Officer

Gift

2026-03-12

7,000 shares

NADJI HESSAMEDIN

Chief Executive Officer

Stock Award

2026-03-10

81,115 shares

LABERGE GREGORY A

Officer

Stock Award

2026-03-10

9,697 shares

PARKER JOHN DAVID

Chief Operating Officer

Stock Award

2026-03-10

24,201 shares

DE BOSSCHERE FABRICE

Officer

Stock Award

2026-03-10

2,087 shares

DEGENNARO STEVEN F

Chief Financial Officer

Stock Award

2026-03-10

16,140 shares

NADJI HESSAMEDIN

Chief Executive Officer

Gift

2025-12-12

625 shares

NADJI HESSAMEDIN

Chief Executive Officer

Gift

2025-12-05

2,450 shares

Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

DEF 14A

2026-03-18

MMI filed a definitive proxy statement (DEF 14A) on March 18, 2026, providing shareholders with necessary information for an upcoming vote.

10-K

2026-02-26

MMI filed its 10-K annual report on February 26, 2026, including sections on business operations, risk factors, and management's discussion and analysis. Specific financial highlights and risk details were not provided in the available excerpts.

8-K

2026-02-13

MMI filed an 8-K on February 13, 2026, likely to announce its financial results for the fiscal year ended December 31, 2025.

10-Q

2025-11-07

MMI filed its quarterly 10-Q report on November 7, 2025. While specific financial highlights were not provided in the excerpt, the filing includes a dedicated section detailing the company's risk factors.

8-K

2025-11-07

MMI filed an 8-K on November 7, 2025, likely to announce its third-quarter financial results.

10-Q

2025-08-07

MMI filed its quarterly 10-Q report on August 7, 2025. While specific financial highlights were not provided in the excerpt, the filing includes a dedicated section for risk factors under Item 1A.

8-K

2025-08-07

MMI filed an 8-K on August 7, 2025, likely to announce its second-quarter financial results.

8-K

2025-06-09

10-Q

2025-05-07

MMI filed its quarterly 10-Q report on May 7, 2025. The filing includes a section on risk factors under Item 1A, although specific financial highlights and detailed risk descriptions were not provided in the available excerpt.

8-K

2025-05-07

MMI filed an 8-K on May 7, 2025, likely to announce its first-quarter financial results.

8-K

2025-04-30

8-K

FORM 8-K

2025-03-27

DEF 14A

2025-03-19

10-K

2025-02-27

8-K

2025-02-14

Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus

UNDERPERFORM

1 analysts

Wells Fargo

2026-02-02

Maintains

Underweight Underweight

Past News Coverage

Recent headlines mentioning MMI from our newsroom.

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MMI

MMI Marcus & Millichap, Inc. - Fundamental Analysis

At a glance

AI Analysis

Key Strengths

Key Risks

Performance Snowflake

Stock Price & Analyst Targets

Multi-Horizon Performance vs Peers

Historical Performance Trends

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Valuation Metrics

Profitability

Growth

Financial Health

Financial Statement Flow

Quarterly Earnings History

Real Estate Sector Comparison

Similar Companies

Recent Insider Trading

SEC Filings

Wall Street Analysts

Past News Coverage

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