Last 48 quarters of trend data · Real Estate · Real Estate - Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -598.37 | — | 20.07 | 1202.87 | — | — | 43.48 | — | — | — | — | — | — |
| — | — | -53.8% | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.47 | 1.48 | 1.09 | 1.48 | 1.74 | 2.31 | 1.57 | 2.27 | 1.92 | 2.54 | 2.52 | 1.74 | 1.86 |
| — | -35.9% | -30.4% | -34.7% | -9.8% | -9.1% | -38.0% | +30.3% | +3.2% | +25.1% | +93.8% | +70.9% | +97.8% | |
| P/B Ratio | 1.89 | 1.79 | 1.76 | 1.91 | 1.97 | 2.17 | 2.38 | 2.48 | 1.95 | 2.10 | 2.60 | 1.74 | 1.83 |
| — | -17.8% | -26.0% | -23.0% | +1.2% | +3.4% | -8.4% | +42.5% | +6.4% | +13.8% | +35.7% | -4.7% | -12.1% | |
| P/FCF | 18.86 | — | 6.06 | 5.75 | 15.51 | — | 6.82 | 29.04 | — | — | 32.26 | 51.89 | 79.35 |
| — | — | -11.1% | -80.2% | — | — | -78.9% | -44.0% | — | — | +110.5% | +473.8% | +167.1% | |
| EV / EBITDA | — | — | 12.88 | 307.91 | — | — | 29.90 | — | — | — | — | — | — |
| — | — | -56.9% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | 12.62 | 168.27 | — | — | 30.65 | — | — | — | — | — | — |
| — | — | -58.8% | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Marcus & Millichap, Inc.'s operating margin was -3.4% in Q1 2026, down 9.8 pp QoQ and up 9.0 pp YoY. The trailing four-quarter average of -0.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 4.6% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.5% | 36.8% | 33.9% | 34.8% | 34.5% | 35.2% | 36.8% | 37.8% | 38.1% | 40.5% | 36.6% | 35.4% | 37.9% |
| — | +4.6% | -7.8% | -8.1% | -9.5% | -13.1% | +0.6% | +6.8% | +0.5% | +5.5% | +17.5% | +7.7% | +7.2% | |
| Operating Margin | -1.6% | -3.4% | 6.4% | -0.9% | -4.8% | -12.3% | 2.8% | -6.8% | -5.1% | -15.6% | -10.3% | -9.5% | -6.6% |
| — | +72.7% | +129.9% | +86.1% | +5.7% | +20.9% | +127.0% | +28.6% | +22.5% | -50.1% | -563.6% | -200.9% | -145.7% | |
| Net Margin | -0.3% | -1.8% | 5.5% | 0.1% | -6.4% | -3.0% | 3.6% | -3.2% | -3.5% | -7.7% | -6.2% | -5.7% | -5.4% |
| — | +40.7% | +53.2% | +103.9% | -83.2% | +60.6% | +157.8% | +44.0% | +34.8% | -105.3% | -304.2% | -186.5% | -150.3% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.3% | -0.5% | 2.2% | 0.0% | -1.8% | -0.7% | 1.4% | -0.9% | -0.9% | -1.6% | -1.6% | -1.4% | -1.3% |
| — | +25.3% | +61.3% | +104.6% | -103.6% | +54.9% | +186.6% | +38.5% | +31.8% | -88.0% | -243.6% | -147.5% | -121.4% | |
| ROA | -0.2% | -0.4% | 1.6% | 0.0% | -1.4% | -0.5% | 1.0% | -0.6% | -0.7% | -1.2% | -1.2% | -1.0% | -1.0% |
| — | +25.9% | +61.7% | +104.6% | -106.5% | +54.8% | +186.3% | +38.0% | +31.1% | -92.2% | -247.2% | -148.2% | -122.5% | |
| ROIC | -1.7% | -0.8% | 2.1% | -0.2% | -1.1% | -2.4% | 0.9% | -1.6% | -1.0% | -2.5% | -2.4% | -2.1% | -1.4% |
| — | +64.6% | +133.1% | +85.5% | -2.7% | +6.0% | +138.6% | +24.1% | +27.0% | -17.2% | -397.7% | -151.2% | -116.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 29.7% YoY to 2.65x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.13 | 0.14 | 0.14 | 0.15 | 0.14 | 0.14 | 0.15 |
| — | -3.0% | -2.8% | -5.0% | -3.9% | -7.0% | -1.8% | -3.3% | -2.9% | +0.1% | +18.2% | +26.1% | +27.2% | |
| Debt / EBITDA | — | — | 4.12 | 86.23 | — | — | 7.02 | — | — | — | — | — | — |
| — | — | -41.4% | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 2.55 | 2.65 | 2.55 | 2.74 | 3.47 | 3.77 | 3.08 | 3.15 | 3.70 | 3.71 | 3.74 | 3.77 | 4.29 |
| — | -29.7% | -17.5% | -13.1% | -6.1% | +1.6% | -17.5% | -16.5% | -13.8% | -5.8% | +7.8% | +7.2% | +10.1% | |
| Quick Ratio | 2.55 | 2.65 | 2.55 | 2.74 | 3.47 | 3.77 | 3.08 | 3.15 | 3.70 | 3.71 | 3.74 | 3.77 | 4.29 |
| — | -29.7% | -17.5% | -13.1% | -6.1% | +1.6% | -17.5% | -16.5% | -13.8% | -5.8% | +7.8% | +7.2% | +10.1% | |
| Interest Coverage | 4.91 | -13.16 | 102.67 | 8.46 | -17.73 | -73.43 | 58.19 | -29.54 | -15.85 | -73.04 | -53.09 | -45.68 | -26.78 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying MMI stock.
Marcus & Millichap, Inc.'s current P/E is -598.4x. The average P/E over the last 2 quarters is 611.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Marcus & Millichap, Inc.'s current operating margin is -1.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Marcus & Millichap, Inc.'s business trajectory between earnings reports.