JLL vs MMI

For growth investors, Jones Lang LaSalle Incorporated (JLL) is the stronger pick with 11.

4% revenue growth year-over-year, versus 8. 5% for Marcus & Millichap, Inc. (MMI). Jones Lang LaSalle Incorporated (JLL) offers the better valuation at 19. 4x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate Jones Lang LaSalle Incorporated (JLL) a "Buy" — based on 12 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, Jones Lang LaSalle Incorporated is actually cheaper at 14.

1x.

Over the past 5 years, Jones Lang LaSalle Incorporated (JLL) delivered a total return of +69.

2%, compared to -11. 2% for Marcus & Millichap, Inc. (MMI). Over 10 years, the gap is even starker: JLL returned +181. 1% 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), Marcus & Millichap, Inc.

(MMI) is the lower-risk stock at 1. 03β versus Jones Lang LaSalle Incorporated's 1. 26β — meaning JLL is approximately 22% more volatile than MMI relative to the S&P 500. On balance sheet safety, Marcus & Millichap, Inc. (MMI) carries a lower debt/equity ratio of 13% versus 44% for Jones Lang LaSalle Incorporated — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Jones Lang LaSalle Incorporated (JLL) is pulling ahead at 11.

4% versus 8. 5% for Marcus & Millichap, Inc. (MMI). On earnings-per-share growth, the picture is similar: Marcus & Millichap, Inc. grew EPS 84. 7% year-over-year, compared to 45. 1% for Jones Lang LaSalle Incorporated. Over a 3-year CAGR, JLL leads at 7. 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.

Jones Lang LaSalle Incorporated (JLL) is the more profitable company, earning 3.

0% net margin versus -0. 3% for Marcus & Millichap, Inc. — meaning it keeps 3. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: JLL leads at 4. 5% versus -1. 8% for MMI. At the gross margin level — before operating expenses — JLL leads at 99. 0%, 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, Jones Lang LaSalle Incorporated (JLL) trades at 14.

1x forward P/E versus 58. 5x for Marcus & Millichap, Inc. — 44. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for JLL: 20. 3% to $382. 75.

In this comparison, MMI (1.

8% yield) pays a dividend. JLL does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Marcus & Millichap, Inc.

(MMI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 03), 1. 8% yield). Both have compounded well over 10 years (MMI: +29. 8%, JLL: +181. 1%), 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.

MMI pays a dividend while JLL does not, making them suitable for different income and tax situations. 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.