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 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 70.27 | 237.08 | 77.92 | — | 20.07 | 1202.87 | — | — | 43.48 | — | — | — | — | — | — | — | 43.06 | 15.46 | 8.81 | 16.26 | 8.41 |
| — | -80.3% | — | — | -53.8% | — | — | — | — | — | — | — | — | — | — | — | +412.1% | +27.9% | -29.3% | -28.6% | -46.7% | |
| P/S Ratio | 1.27 | 1.31 | 1.46 | 1.48 | 1.09 | 1.48 | 1.74 | 2.31 | 1.57 | 2.27 | 1.92 | 2.54 | 2.52 | 1.74 | 1.86 | 2.03 | 1.30 | 1.02 | 0.94 | 1.67 | 1.05 |
| — | -11.8% | -15.9% | -35.9% | -30.4% | -34.7% | -9.8% | -9.1% | -38.0% | +30.3% | +3.2% | +25.1% | +93.8% | +70.9% | +97.8% | +21.8% | +24.0% | -17.0% | -31.2% | -9.2% | -29.4% | |
| P/B Ratio | 1.79 | 1.90 | 2.05 | 1.79 | 1.76 | 1.91 | 1.97 | 2.17 | 2.38 | 2.48 | 1.95 | 2.10 | 2.60 | 1.74 | 1.83 | 1.85 | 1.92 | 1.82 | 2.08 | 3.16 | 2.99 |
| — | -0.6% | +4.0% | -17.8% | -26.0% | -23.0% | +1.2% | +3.4% | -8.4% | +42.5% | +6.4% | +13.8% | +35.7% | -4.7% | -12.1% | -41.6% | -35.9% | -29.4% | -20.4% | +31.1% | +9.8% | |
| P/FCF | 15.94 | 12.39 | 9.70 | — | 6.06 | 5.75 | 15.51 | — | 6.82 | 29.04 | — | — | 32.26 | 51.89 | 79.35 | — | 15.32 | 9.04 | 29.71 | — | 3.38 |
| — | +115.3% | -37.5% | — | -11.1% | -80.2% | — | — | -78.9% | -44.0% | — | — | +110.5% | +473.8% | +167.1% | — | +352.9% | +43.1% | +295.3% | — | -41.0% | |
| EV / EBITDA | 42.10 | 88.42 | 60.61 | — | 12.88 | 307.91 | — | — | 29.90 | — | — | — | — | — | — | — | 33.34 | 8.45 | 5.67 | 9.82 | 5.23 |
| — | -71.3% | — | — | -56.9% | — | — | — | — | — | — | — | — | — | — | — | +537.1% | +14.4% | -28.4% | -24.5% | -47.6% | |
| EV / EBIT | — | 88.42 | 43.16 | — | 12.62 | 168.27 | — | — | 30.65 | — | — | — | — | — | — | — | 29.66 | 8.97 | 6.05 | 10.58 | 5.30 |
| — | -47.5% | — | — | -58.8% | — | — | — | — | — | — | — | — | — | — | — | +459.2% | +15.1% | -26.3% | -25.5% | -47.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.5% | 36.0% | 37.6% | 36.8% | 33.9% | 34.8% | 34.5% | 35.2% | 36.8% | 37.8% | 38.1% | 40.5% | 36.6% | 35.4% | 37.9% | 38.4% | 31.1% | 32.9% | 35.3% | 38.4% | 32.7% |
| — | +3.4% | +9.1% | +4.6% | -7.8% | -8.1% | -9.5% | -13.1% | +0.6% | +6.8% | +0.5% | +5.5% | +17.5% | +7.7% | +7.2% | -0.1% | -4.7% | -3.4% | -5.3% | -5.6% | -8.7% | |
| Operating Margin | -1.6% | -0.4% | 1.1% | -3.4% | 6.4% | -0.9% | -4.8% | -12.3% | 2.8% | -6.8% | -5.1% | -15.6% | -10.3% | -9.5% | -6.6% | -10.4% | 2.2% | 9.4% | 14.3% | 13.9% | 16.5% |
| — | +54.0% | +122.8% | +72.7% | +129.9% | +86.1% | +5.7% | +20.9% | +127.0% | +28.6% | +22.5% | -50.1% | -563.6% | -200.9% | -145.7% | -174.9% | -86.5% | -31.3% | -1.9% | +26.2% | +37.7% | |
| Net Margin | -0.3% | 0.5% | 1.9% | -1.8% | 5.5% | 0.1% | -6.4% | -3.0% | 3.6% | -3.2% | -3.5% | -7.7% | -6.2% | -5.7% | -5.4% | -3.8% | 3.0% | 6.6% | 10.6% | 10.3% | 12.5% |
| — | +290.4% | +130.1% | +40.7% | +53.2% | +103.9% | -83.2% | +60.6% | +157.8% | +44.0% | +34.8% | -105.3% | -304.2% | -186.5% | -150.3% | -136.7% | -75.9% | -35.4% | -3.8% | +25.8% | +32.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.3% | 0.2% | 0.7% | -0.5% | 2.2% | 0.0% | -1.8% | -0.7% | 1.4% | -0.9% | -0.9% | -1.6% | -1.6% | -1.4% | -1.3% | -0.8% | 1.1% | 3.0% | 6.1% | 4.8% | 9.3% |
| — | +340.1% | +137.8% | +25.3% | +61.3% | +104.6% | -103.6% | +54.9% | +186.6% | +38.5% | +31.8% | -88.0% | -243.6% | -147.5% | -121.4% | -117.5% | -88.2% | -46.3% | +11.3% | +76.5% | +111.0% | |
| ROA | -0.2% | 0.1% | 0.5% | -0.4% | 1.6% | 0.0% | -1.4% | -0.5% | 1.0% | -0.6% | -0.7% | -1.2% | -1.2% | -1.0% | -1.0% | -0.6% | 0.8% | 2.2% | 4.3% | 3.2% | 6.5% |
| — | +334.4% | +137.1% | +25.9% | +61.7% | +104.6% | -106.5% | +54.8% | +186.3% | +38.0% | +31.1% | -92.2% | -247.2% | -148.2% | -122.5% | -118.8% | -87.8% | -45.8% | +7.8% | +65.0% | +101.6% | |
| ROIC | -1.7% | -0.1% | 0.3% | -0.8% | 2.1% | -0.2% | -1.1% | -2.4% | 0.9% | -1.6% | -1.0% | -2.5% | -2.4% | -2.1% | -1.4% | -2.2% | 0.8% | 4.1% | 8.3% | 8.0% | 14.9% |
| — | +38.5% | +131.0% | +65.0% | +133.1% | +85.5% | -2.7% | +6.0% | +138.6% | +24.1% | +27.0% | -17.2% | -397.7% | -151.2% | -116.8% | -126.9% | -94.6% | -47.5% | +15.3% | +111.8% | +166.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 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 | 0.15 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 |
| — | -3.4% | -5.5% | -3.0% | -2.8% | -5.0% | -3.9% | -7.0% | -1.8% | -3.3% | -2.9% | +0.1% | +18.2% | +26.1% | +27.2% | +32.3% | +3.6% | -11.8% | -16.2% | -18.8% | -22.8% | |
| Debt / EBITDA | — | 26.30 | 16.26 | — | 4.12 | 86.23 | — | — | 7.02 | — | — | — | — | — | — | — | 9.03 | 2.44 | 1.36 | 1.55 | 0.91 |
| — | -69.5% | — | — | -41.4% | — | — | — | — | — | — | — | — | — | — | — | +890.0% | +46.4% | -25.3% | -52.9% | -61.6% | |
| Current Ratio | 2.55 | 2.79 | 15.46 | 2.65 | 2.55 | 2.74 | 3.47 | 3.77 | 3.08 | 3.15 | 3.70 | 3.71 | 3.74 | 3.77 | 4.29 | 3.94 | 3.47 | 3.52 | 3.89 | 2.97 | 2.70 |
| — | +2.0% | +345.5% | -29.7% | -17.5% | -13.1% | -6.1% | +1.6% | -17.5% | -16.5% | -13.8% | -5.8% | +7.8% | +7.2% | +10.1% | +32.6% | +28.7% | +6.8% | +9.3% | -29.1% | -24.4% | |
| Quick Ratio | 2.55 | 2.79 | 15.46 | 2.65 | 2.55 | 2.74 | 3.47 | 3.77 | 3.08 | 3.15 | 3.70 | 3.71 | 3.74 | 3.77 | 4.29 | 3.94 | 3.47 | 3.52 | 3.89 | 2.97 | 2.70 |
| — | +2.0% | +345.5% | -29.7% | -17.5% | -13.1% | -6.1% | +1.6% | -17.5% | -16.5% | -13.8% | -5.8% | +7.8% | +7.2% | +10.1% | +32.6% | +28.7% | +6.8% | +9.3% | -29.1% | -24.4% | |
| Interest Coverage | 4.91 | 17.74 | 45.75 | -13.16 | 102.67 | 8.46 | -17.73 | -73.43 | 58.19 | -29.54 | -15.85 | -73.04 | -53.09 | -45.68 | -26.78 | -52.33 | 63.52 | 137.69 | 356.21 | 279.38 | 581.08 |
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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 70.3x. The average P/E over the last 3 quarters is 111.7x. 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 compressing 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.