FSV vs MMI

For growth investors, Marcus & Millichap, Inc.

(MMI) is the stronger pick with 8. 5% revenue growth year-over-year, versus 5. 8% for FirstService Corporation (FSV). FirstService Corporation (FSV) offers the better valuation at 39. 8x trailing P/E (20. 5x forward), making it the more compelling value choice. Analysts rate FirstService Corporation (FSV) a "Buy" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, FirstService Corporation is actually cheaper at 20.

5x.

Over the past 5 years, Marcus & Millichap, Inc.

(MMI) delivered a total return of -11. 2%, compared to -20. 0% for FirstService Corporation (FSV). Over 10 years, the gap is even starker: FSV returned +196. 4% versus MMI's +29. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), FirstService Corporation (FSV) is the lower-risk stock at 0.

64β versus Marcus & Millichap, Inc. 's 1. 03β — meaning MMI is approximately 62% more volatile than FSV relative to the S&P 500. On balance sheet safety, Marcus & Millichap, Inc. (MMI) carries a lower debt/equity ratio of 13% versus 87% for FirstService Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Marcus & Millichap, Inc.

(MMI) is pulling ahead at 8. 5% versus 5. 8% for FirstService Corporation (FSV). On earnings-per-share growth, the picture is similar: Marcus & Millichap, Inc. grew EPS 84. 7% year-over-year, compared to 6. 4% for FirstService Corporation. Over a 3-year CAGR, FSV leads at 13. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

FirstService Corporation (FSV) is the more profitable company, earning 2.

6% net margin versus -0. 3% for Marcus & Millichap, Inc. — meaning it keeps 2. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FSV leads at 6. 1% versus -1. 8% for MMI. At the gross margin level — before operating expenses — MMI leads at 37. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, FirstService Corporation (FSV) trades at 20.

5x forward P/E versus 58. 5x for Marcus & Millichap, Inc. — 38. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FSV: 61. 5% to $203. 00.

All stocks in this comparison pay dividends.

Marcus & Millichap, Inc. (MMI) offers the highest yield at 1. 8%, versus 0. 8% for FirstService Corporation (FSV).

For long-horizon retirement investors, FirstService Corporation (FSV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

64), 0. 8% yield, +196. 4% 10Y return). Both have compounded well over 10 years (FSV: +196. 4%, MMI: +29. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.