Marcus & Millichap, Inc.

MMINYSEReal Estate● Active

$30.48

+$0.38(+1.25%)

Market Cap$1.2B

P/E Ratio—

52W High$33.62

52W Low$24.43

Avg Volume260K

Open$30.12

Beta1.26

Free Cash Flow Financials Revenue

Marcus & Millichap, Inc. (MMI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MMI · free cash flow · updated Jun 8, 2026

Core FCF metrics

MMI · FCF · TTM · margin & CAGR

Free cash flow was $58.8M for FY2025 (fiscal year ending 2025-12-31), up 324.7% year-over-year The FCF margin was 7.8%. Five-year CAGR stands at +13.6%.

FY2025 Free Cash Flow$58.8M▲ +324.7% YoY

Trailing 12M (TTM)$82.6Mtrailing 4 quarters sum

FCF Margin7.8%$58.8M ÷ revenue

3-Year CAGR+210.5%FY2022 → FY2025

5-Year CAGR+13.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MMI · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$66.7M(8M)$58.8M▲ +324.7%7.8%

FY2024$21.7M(8M)$13.8M▲ +116.9%2.0%

FY2023−$72.4M(9M)−$81.8M▼ 4267.1%-12.7%

FY2022$13.6M(12M)$2.0M▼ 99.2%0.1%

FY2021$255.9M(7M)$249.0M▲ +699.7%19.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MMI · P/FCF · FCF yield · FCF per share

Marcus & Millichap, Inc. (MMI) trades at a FCF yield of 7.16% and a price-to-free-cash-flow ratio of 14.4x. FCF per share stands at $2.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

7.16%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.12

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MMI · cash flow statement · operating / investing / financing

For FY2025, Marcus & Millichap, Inc. generated $66.7M in operating cash flow and spent 8M in capital expenditures, yielding $58.8M in free cash flow.

Operating Activities

+$66.7M

Cash from core business operations

2025-12-31

Investing Activities

−$3.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$54.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($66.7M) − |CapEx| (8M) = FCF ($58.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

MMI vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Marcus & Millichap, Inc.YOU

MMI

$58.8M+324.7%7.8%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Marcus & Millichap, Inc. (MMI) reported free cash flow of $58.8M for FY2025 (fiscal year ending 2025-12-31), up 324.7% year-over-year. The FCF margin was 7.8%.

Based on available data, Marcus & Millichap, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $249.0M in FY2021. The 5-year CAGR stands at +13.6%.

Marcus & Millichap, Inc.'s FCF yield is 7.16% and price-to-FCF ratio is 14.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MMI free cash flow · 8 questions

Marcus & Millichap, Inc. free cash flow was $58.8M for FY2025, up 324.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $82.6M.

MMI free cash flowMMI FCFMMI FCF 2025MMI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Marcus & Millichap, Inc. · Marcus & Millichap, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026