Marcus & Millichap profit margin MMI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2012.
- Net margin, 12 months
- 1.8%
- Operating margin, 12 months
- 1.2%
- Net margin on a year earlier
- +3.5 pts
- Peer median
- 10.9%
Over the twelve months to Jun 30, 2026, Marcus & Millichap kept 1.8% of its revenue as net profit, with an operating margin of 1.2%.
Five years earlier its net margin was 8.7%.
The median for 10 real Estate services stocks of a similar size is 10.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −0.3% | −1.8% | n/a |
| FY2024 | −1.8% | −4.7% | n/a |
| FY2023 | −5.3% | −9.2% | n/a |
| FY2022 | 8.0% | 10.6% | n/a |
| FY2021 | 11.0% | 14.6% | n/a |
| FY2020 | 6.0% | 7.5% | n/a |
| FY2019 | 9.5% | 12.0% | n/a |
| FY2018 | 10.7% | 13.8% | 38.3% |
| FY2017 | 7.2% | 13.4% | 38.0% |
| FY2016 | 9.0% | 14.8% | 38.0% |
| FY2015 | 9.6% | 16.6% | 38.6% |
| FY2014 | 8.7% | 14.8% | 38.8% |
| FY2013 | 1.9% | 4.9% | 39.3% |
| FY2012 | 7.2% | 12.7% | 40.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 1.8% | +3.5 pts | 1.2% | |
| Q1 FY26 | −0.1% | +0.9 pts | −0.2% | |
| Q4 FY25 | −0.3% | +1.5 pts | −1.8% | |
| Q3 FY25 | −0.9% | +4.1 pts | −3.0% | |
| Q2 FY25 | −1.7% | +4.0 pts | −4.3% | |
| Q1 FY25 | −1.0% | +5.2 pts | −4.3% | |
| Q4 FY24 | −1.8% | +3.5 pts | −4.7% | |
| Q3 FY24 | −5.0% | −2.9 pts | −9.1% | |
| Q2 FY24 | −5.7% | −7.3 pts | −9.9% | |
| Q1 FY24 | −6.2% | −11.9 pts | −10.2% | |
| Q4 FY23 | −5.3% | −13.3 pts | −9.2% | |
| Q3 FY23 | −2.1% | −12.5 pts | −4.9% |
Against its peers
Companies in Real Estate - Services nearest Marcus & Millichap's size, closest first, today.
| Company | Profit margin |
|---|---|
| MMIMarcus & Millichap | 1.8% |
| FORForestar | 9.9% |
| IIPRInnovative Industrial Properties | 52.3% |
| GOODGladstone Commercial | 14.5% |
| GTYGetty Realty | 42.4% |
| NMRKNewmark | 4.1% |
| UEUrban Edge Properties | 13.7% |
| TRCTejon Ranch | 10.6% |
| CWKCushman & Wakefield | 0.6% |
| CURBCurbline Properties | 11.1% |
| ALCOAlico | 9.0% |
| Peer median | 10.9% |
Where Marcus & Millichap ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Marcus & Millichap
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.