Marcus & Millichap (MMI) FY2024 results: revenue $696 million, up 7.8% on the year
Marcus & Millichap, Inc. (MMI) reported revenue of $696 million for fiscal 2024, the year ended 31 December 2024, up 7.8% on the year before. Net income was -$12 million, and diluted earnings per share $-0.32. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$696 million
+7.8% on the year
FY2017FY2024
Operating margin
-4.7%
-9.2% a year earlier
FY2017FY2024
Net income
-$12 million
FY2017FY2024
Diluted EPS
-$0.32
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
21.7
-72.4
13.6
Capital expenditure
7.9
9.4
11.7
-16.0%
Free cash flow
13.8
-81.8
2.0
Free cash flow margin
2.0%
-12.7%
0.2%
Cash from investing
-9.9
74.9
-54.0
Cash from financing
-28.8
-67.7
-106
Depreciation and amortisation
16.6
13.6
13.4
+21.7%
Share-based compensation
23.8
24.1
17.3
-1.5%
Buybacks
0.8
39.4
29.1
-98.0%
Dividends paid
20.2
20.1
60.4
+0.6%
Diluted shares, weighted
39m
39m
40m
+0.0%
Shares outstanding at period end
39m
38m
39m
+1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
631
645
714
-2.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
65.7
69.4
65.1
-5.3%
Other liabilities
173
164
225
+5.8%
Total liabilities and equity
870
878
1,004
-1.0%
Fixed assets
26.1
27.4
27.6
-4.8%
Goodwill
37.6
38.0
37.9
-1.2%
Intangible assets
5.9
13.1
17.8
-54.9%
Investments
241
236
322
+1.9%
Cash and equivalents
153
171
236
-10.1%
Other assets
406
393
362
+3.4%
Total assets
870
878
1,004
-1.0%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.