MMI Marcus & Millichap, Inc. Common Stock
NYSE · Real Estate · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 6, 2026
$28.57
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$24.4352w low
$33.5552w high
Market Cap (MRQ)
$1.08B
P/E (TTM)
79.4
EPS (TTM)
$0.36
Revenue (TTM)
$812M
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52W Range
$24–$34
Analyst Rating
SELL
Price Target
$28
P/E
79.4
ROE
2.4%
Net Profit Margin
1.8%
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MMI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$28.57
Market Cap (MRQ)
$1.08B
P/E (TTM)
79.4
EPS (TTM)
$0.36
Revenue (TTM)
$812M
Div Yield
1.9%
ROE (TTM)
2.4%
52W Range
$24–$34
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About Marcus & Millichap, Inc. Common Stock Company overview from Wikipedia
Marcus & Millichap, Inc. is an American company that provides real estate brokerage, mortgage brokerage, research, and advisory services in the U.S. and Canada in the field of commercial property. It popularized the practice of listing properties exclusively with one brokerage firm. The company has over 1,800 employees in more than 80 offices across the U.S. and Canada.
## History
The company was founded in Palo Alto in 1971 by George M. Marcus.
William Millichap was one of the first salespeople Marcus hired, and was made a partner in 1976. The company was incorporated in California on August 26, 1976 as G. M. Marcus & Company, and was renamed as Marcus & Millichap, Inc. in August 1978.
In 2013, it became a public company via an initial public offering.
In December 2015, Marcus & Millichap expanded its institutional property market in the areas of office and industrial with the creation of Institutional Property Advisors (IPA)
In May 2016, Hessam Nadji was named Chief Executive Officer.
In 2018, Marcus & Millichap expanded its Canadian presence with the acquisition of McGill Commercial. In the same year, Marcus & Millichap acquired Primecorp in Canada.
In 2019, Marcus & Millichap further expanded in Canada when it acquired Form Real Estate Advisors
In 2020, Marcus & Millichap expanded its Marcus & Millichap Capital Corp (MMCC) division with the acquisitions of Metropolitan Capital Advisors, Mission Capital Advisors and LMI Capital.
In March 2025, Marcus & Millichap's Institutional Property Advisors (IPA) Capital Markets division appointed Onorio Lucchese as senior managing director in its Toronto office to enhance cross-border capital-raising efforts and support the firm's strategic expansion within the Canadian market.
In June 2025, Marcus & Millichap brokered the $6.65 million sale of Ellery Apartments, a 14-unit property built in 1880 in Harvard Square, Cambridge, marking its first change in ownership in over forty years.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorReal Estate
industryReal Estate
employees854
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$755M2016-12-31 → 2025-12-31
EPS$-0.052016-12-31 → 2025-12-31
Free Cash Flow$59M2016-12-31 → 2025-12-31
Net margin1.8%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | MMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 79.45Y avg ≈-137.4 | ≈-137.4 | 31.0 | Overvalued | |
| P/S (TTM) | 1.35Y avg ≈1.5 | ≈1.5 | 0.7 | Overvalued | |
| P/B (MRQ) | 1.95Y avg ≈2.2 | ≈2.2 | 2.6 | Undervalued | |
| Price / FCF (TTM) | 12.85Y avg ≈205.6 | ≈205.6 | · | · | |
| Price / Cash Flow (TTM) | 11.65Y avg ≈47.9 | ≈47.9 | 29.0 | Undervalued | |
| Price / Tangible Book (MRQ) | 1.95Y avg ≈2.5 | ≈2.5 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 1.2%5Y avg ≈4.7% | ≈4.7% | 1.1% | In line | |
| EBITDA Margin | -1.8%5Y avg ≈4.7% | ≈4.7% | 1.1% | In line | |
| Pretax Margin (TTM) | 3.1%5Y avg ≈6.1% | ≈6.1% | 2.0% | Top tier | |
| Net Profit Margin (TTM) | 1.8%5Y avg ≈4.2% | ≈4.2% | 1.8% | In line | |
| ROA (TTM) | 1.8%5Y avg ≈6.0% | ≈6.0% | 1.8% | Weak | |
| ROE (TTM) | 2.4%5Y avg ≈8.4% | ≈8.4% | 5.1% | Weak | |
| ROIC | 1.4%5Y avg ≈7.7% | ≈7.7% | 5.0% | Below avg |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 2.95Y avg ≈2.9 | ≈2.9 | 1.5 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 8.5%5Y avg ≈9.4% | ≈9.4% | · | · | |
| Revenue CAGR 3Y | -16.6%5Y avg ≈-12.9% | ≈-12.9% | · | · | |
| Revenue CAGR 5Y | 1.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MMI | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.95Y avg ≈1.1 | ≈1.1 | 1.8 | Weak | |
| Revenue / Employee | ≈$884.3K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield1.9%
Payout Ratio-1076.5%
Annualized Payout≈$0.50
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 15, 2026 | $0.25 | USD | ≈1.6% |
| Mar 13, 2026 | $0.25 | USD | ≈2.0% |
| Sep 15, 2025 | $0.25 | USD | ≈1.6% |
| Mar 12, 2025 | $0.25 | USD | ≈1.4% |
| Sep 16, 2024 | $0.25 | USD | ≈1.2% |
| Mar 11, 2024 | $0.25 | USD | ≈1.5% |
| Sep 14, 2023 | $0.25 | USD | ≈1.6% |
| Mar 13, 2023 | $0.25 | USD | ≈1.6% |
| Sep 14, 2022 | $0.25 | USD | ≈4.0% |
| Mar 7, 2022 | $1.25 | USD | ≈2.8% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
22.4%
Next Report
Nov 05, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 5, 2026 | $0.10 | $0.03 | 230.0% |
| March 31, 2026 | $-0.08 | $-0.08 | -4.8% | |
| Dec. 31, 2025 | $0.34 | $0.24 | 39.1% | |
| Sept. 30, 2025 | $0.01 | $0.00 | — | |
| June 30, 2025 | $-0.28 | $-0.10 | -184.3% | |
| March 31, 2025 | $-0.11 | $-0.16 | 31.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $755M | $696M | $646M | $1.30B | $1.30B | $717M | $806M | $815M | $720M | $717M | $689M | $572M | |
| Cost of Revenue | · | · | · | · | · | · | · | $503M | $447M | $445M | $423M | $350M | |
| SG&A Expense | $286M | $281M | $285M | $300M | $255M | $205M | $203M | $193M | $172M | $162M | $148M | $134M | |
| Operating Expenses | $769M | $729M | $705M | $1.16B | $1.11B | $663M | $710M | $703M | $624M | $611M | $574M | $488M | |
| Operating Income | $-14M | $-33M | $-59M | $137M | $189M | $54M | $96M | $112M | $96M | $107M | $115M | $85M | |
| Interest Expense | · | · | $888.0K | $708.0K | $580.0K | $900.0K | $1M | $1M | $1M | $2M | $2M | $2M | |
| Other Non-op | $18M | $21M | $20M | $5M | $5M | $7M | $12M | $6M | $5M | $2M | $443.0K | $28.0K | |
| Pretax Income | $3M | $-13M | $-40M | $142M | $193M | $59M | $108M | $117M | $99M | $107M | $113M | $83M | |
| Income Tax | $5M | $-666.0K | $-6M | $38M | $51M | $17M | $31M | $30M | $48M | $42M | $47M | $33M | |
| Net Income | $-2M | $-12M | $-34M | $104M | $142M | $43M | $77M | $87M | $52M | $65M | $66M | $50M | |
| EPS (Basic) | $-0.05 | $-0.32 | $-0.88 | $2.61 | $3.57 | $1.08 | $1.95 | $2.23 | $1.32 | $1.66 | $1.71 | $1.27 | |
| EPS (Diluted) | $-0.05 | $-0.32 | $-0.88 | $2.59 | $3.55 | $1.08 | $1.95 | $2.22 | $1.32 | $1.66 | $1.69 | $1.27 | |
| Shares (Basic) | 38,943,000 | 38,678,000 | 38,659,000 | 39,893,000 | 39,888,000 | 39,642,000 | 39,404,000 | 39,149,000 | 38,988,000 | 38,899,000 | 38,848,000 | 38,851,000 | |
| Shares (Diluted) | 38,943,000 | 38,678,000 | 38,659,000 | 40,186,000 | 40,187,000 | 39,735,000 | 39,548,000 | 39,383,000 | 39,100,000 | 39,035,000 | 39,162,000 | 38,978,000 | |
| EBITDA | $-14M | $-33M | · | $137M | $189M | $54M | $96M | $112M | $96M | $107M | $115M | $85M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | $236M | $382M | $243M | $233M | $215M | $221M | $187M | $96M | $149M | |
| Prepaid Expense | $25M | $9M | $9M | $9M | $13M | $10M | $11M | $8M | $10M | $8M | $8M | $8M | |
| Other Current Assets | $3M | $16M | $16M | $7M | $5M | $5M | $3M | $6M | $6M | $5M | $5M | $3M | |
| Current Assets | $309M | $410M | $394M | $527M | $608M | $429M | $410M | $371M | $320M | $234M | $196M | $165M | |
| PP&E (Net) | $24M | $26M | $27M | $28M | $23M | $23M | $23M | $20M | $17M | $16M | $12M | $8M | |
| Accum. Depreciation | $57M | $51M | $48M | $41M | $35M | $31M | $26M | $25M | $21M | $18M | $16M | $16M | |
| Goodwill | $38M | $38M | $38M | $38M | $34M | $33M | $15M | $11M | $0 | · | · | · | |
| Intangibles | $4M | $6M | $13M | $18M | $14M | $19M | $7M | $4M | $0 | $0 | · | · | |
| Other Non-current Assets | $27M | $24M | $15M | $16M | $13M | $4M | $4M | $32M | $23M | $10M | $9M | $3M | |
| Total Assets | $827M | $870M | $878M | $1.00B | $1.05B | $779M | $709M | $566M | $460M | $394M | $321M | $234M | |
| Accounts Payable | $11M | $14M | $8M | $11M | $15M | · | · | · | $9M | $10M | $9M | $10M | |
| Current Liabilities | $121M | $133M | $105M | $152M | $226M | $120M | $102M | $93M | $83M | $78M | $75M | $67M | |
| Capital Leases | $59M | $66M | $69M | $65M | $58M | $59M | $63M | $0 | · | · | · | · | |
| Other Non-current Liabilities | $8M | $7M | $11M | $9M | $11M | $14M | $4M | · | · | · | · | $2M | |
| Total Liabilities | $224M | $239M | $233M | $290M | $349M | $232M | $214M | $157M | $145M | $135M | $132M | $117M | |
| Common Stock | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $75M | |
| Retained Earnings | $410M | $459M | $492M | $586M | $574M | $431M | $388M | $311M | $224M | $173M | $108M | $42M | |
| AOCI | $401.0K | $-1M | $-768.0K | $-4M | $910.0K | $3M | $2M | $775.0K | $940.0K | $810.0K | $457.0K | $159.0K | |
| Stockholders' Equity | $603M | $631M | $645M | $714M | $696M | $547M | $495M | $410M | $315M | $259M | $189M | $117M | |
| Liabilities + Equity | $827M | $870M | $878M | $1.00B | $1.05B | $779M | $709M | $566M | $460M | $394M | $321M | $234M | |
| Shares Outstanding | 38,422,993 | 38,856,790 | 38,412,484 | 39,255,838 | 39,692,373 | 39,401,976 | 39,153,195 | 38,814,464 | 38,374,011 | 37,882,266 | 37,396,456 | 36,918,442 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $12M | $17M | $14M | $13M | $12M | $11M | $8M | $6M | $5M | $4M | $3M | $3M | |
| Stock-based Comp | $24M | $24M | $24M | $17M | $10M | $10M | $9M | $12M | $9M | $7M | $7M | $5M | |
| Deferred Tax | $3M | $-1M | $-6M | $-6M | $-12M | $473.0K | $226.0K | $-142.0K | $13M | $-483.0K | $65.0K | $877.0K | |
| Amort. of Intangibles | $2M | $7M | $5M | $5M | $4M | $4M | · | $314.0K | $0 | · | · | · | |
| Operating Cash Flow | $67M | $22M | $-72M | $14M | $256M | $38M | $25M | $117M | $67M | $74M | $72M | $71M | |
| CapEx | $8M | $8M | $9M | $12M | $7M | $7M | $9M | $8M | $7M | $9M | $7M | $3M | |
| Investing Cash Flow | $-4M | $-10M | $75M | $-54M | $-108M | $-17M | $-3M | $-118M | $-27M | $20M | · | · | |
| Stock Repurchased | $25M | $785.0K | $39M | $29M | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | $-25M | $-785.0K | · | $-29M | · | · | · | · | · | · | · | · | |
| Dividends Paid | $21M | $20M | $20M | $60M | $0 | $0 | · | · | · | · | · | · | |
| Financing Cash Flow | $-55M | $-29M | $-68M | $-106M | $-6M | $-10M | $-4M | $-5M | $-6M | $-3M | · | · | |
| Net Change in Cash | $8M | $-17M | $-65M | $-146M | $139M | $10M | $18M | $-6M | $33M | $91M | $-53M | $48M | |
| Taxes Paid | $-2M | $468.0K | $674.0K | $70M | $49M | $7M | $40M | $24M | $35M | $37M | $43M | $36M | |
| Free Cash Flow | $59M | $14M | · | $2M | $249M | $31M | $16M | $109M | $60M | $65M | $65M | $69M | |
| Levered FCF | · | · | · | $1M | $249M | $30M | $15M | $108M | $59M | $64M | $64M | $68M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -1.8% | -4.7% | · | 10.6% | 14.6% | 7.5% | · | · | 13.4% | 14.8% | 16.6% | 14.8% | |
| Net Margin | -0.25% | -1.8% | · | 8.0% | 11.0% | 6.0% | · | · | 7.2% | 9.0% | 9.6% | 8.7% | |
| Pretax Margin | 0.40% | -1.9% | · | 10.9% | 14.9% | 8.3% | · | · | 13.8% | 14.9% | 16.4% | 14.5% | |
| EBITDA Margin | -1.8% | -4.7% | · | 10.6% | 14.6% | 7.5% | · | · | 13.4% | 14.8% | 16.6% | 14.8% | |
| ROA | -0.22% | -1.4% | · | 10.2% | 15.6% | 5.8% | 12.1% | 17.0% | 12.1% | 18.1% | 23.9% | 24.7% | |
| ROE | -0.32% | -2.0% | · | 14.5% | 21.4% | 8.0% | 15.9% | 22.0% | 18.0% | 28.9% | 43.4% | 55.2% | |
| ROIC | 1.4% | -5.0% | · | 14.1% | 20.0% | 7.1% | 13.9% | 20.4% | 15.8% | 24.8% | 35.5% | 43.2% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.5 | 3.1 | · | 3.5 | 2.7 | 3.6 | 4.0 | 4.0 | 3.8 | 3.0 | 2.6 | 2.7 | |
| Quick Ratio | · | · | · | 1.6 | 1.7 | 2.0 | 2.3 | 2.3 | 2.7 | 2.4 | 1.3 | 2.2 | |
| Interest Coverage | · | · | · | 194.1 | 326.5 | 59.6 | 69.5 | 80.2 | 64.3 | 69.5 | 66.4 | 51.2 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.8 | · | 1.3 | 1.4 | 1.0 | · | · | 1.7 | 2.0 | 2.5 | 2.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $15.70 | $16.23 | · | $18.18 | $17.54 | $13.88 | $12.64 | $10.55 | $8.21 | $6.83 | $5.05 | $3.16 | |
| Revenue / Share | $19.39 | $18.00 | · | $32.39 | $32.26 | $18.04 | · | · | $18.41 | $18.38 | $17.59 | $14.68 | |
| Cash Flow / Share | $1.71 | $0.56 | · | $0.34 | $6.37 | $0.96 | $0.64 | $2.98 | $1.70 | $1.91 | $1.84 | $1.83 | |
| Cash / Share | · | · | · | $6.01 | $9.63 | $6.17 | $5.94 | $5.53 | $5.75 | $4.95 | $2.57 | $4.04 | |
| EPS (TTM) | $-0.05 | $-0.32 | $-0.88 | $2.59 | $3.55 | $1.08 | $1.95 | $2.22 | $1.32 | $1.66 | $1.69 | $1.27 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.5% | 7.8% | -50.4% | 0.41% | 80.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -16.6% | -18.7% | -3.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 1.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | -27.0% | 228.7% | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -26.8% | 232.6% | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $755M | $696M | $646M | $1.30B | $1.30B | $717M | $806M | $815M | $720M | $717M | $689M | $572M | |
| Net Income TTM | $-2M | $-12M | $-34M | $104M | $142M | $43M | $77M | $87M | $52M | $65M | $66M | $50M | |
| Market Cap | $1.05B | $1.49B | · | $1.35B | $2.04B | $1.47B | $1.46B | $1.33B | $1.25B | $1.01B | $1.09B | $1.23B | |
| P/E | -545.8 | -119.6 | -49.6 | 13.3 | 14.5 | 34.5 | 19.1 | 15.5 | 24.7 | 16.1 | 17.2 | 26.2 | |
| P/S | 1.4 | 2.1 | · | 1.0 | 1.6 | 2.0 | 1.8 | 1.6 | 1.7 | 1.4 | 1.6 | 2.1 | |
| P/B | 1.7 | 2.4 | · | 1.9 | 2.9 | 2.7 | 2.9 | 3.3 | 4.0 | 3.9 | 5.8 | 10.5 | |
| P / Tangible Book | 1.9 | 2.5 | 2.8 | 2.1 | 3.2 | 3.0 | · | · | · | · | · | · | |
| P / Cash Flow | 15.7 | 68.5 | · | 99.2 | 8.0 | 38.5 | 57.7 | 11.4 | 18.8 | 13.6 | 15.1 | 17.2 | |
| P / FCF | 17.8 | 107.4 | · | 688.9 | 8.2 | 47.1 | 88.5 | 12.2 | 20.9 | 15.6 | 16.7 | 17.8 | |
| Dividend Yield | 2.0% | 1.4% | · | 4.5% | 0.00% | 0.00% | · | · | · | · | · | · | |
| Earnings Yield | -0.18% | -0.84% | -2.0% | 7.5% | 6.9% | 2.9% | 5.2% | 6.5% | 4.0% | 6.2% | 5.8% | 3.8% | |
| Payout Ratio | -1076.5% | -163.6% | · | 57.9% | · | · | · | · | · | · | · | · | |
| Annual Payout | $21M | $20M | $20M | $60M | $0 | $0 | · | · | · | · | · | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $203M | $171M | $244M | $194M | $172M | $145M | $240M | $169M | $158M | $129M | $166M | $162M | $163M | $155M | $262M | $324M | |
| SG&A Expense | $72M | $71M | $71M | $73M | $72M | $72M | $76M | $71M | $65M | $69M | $75M | $69M | $69M | $72M | $73M | $73M | |
| Operating Expenses | $201M | $177M | $229M | $196M | $181M | $163M | $233M | $180M | $166M | $149M | $183M | $177M | $174M | $171M | $257M | $293M | |
| Operating Income | $2M | $-6M | $15M | $-2M | $-9M | $-18M | $7M | $-11M | $-8M | $-20M | $-17M | $-15M | $-11M | $-16M | $6M | $31M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $199.0K | · | $241.0K | $216.0K | $215.0K | · | $229.0K | |
| Other Non-op | $4M | $4M | $4M | $4M | $5M | $4M | $5M | $5M | $5M | $6M | $6M | $4M | $5M | $5M | $4M | $978.0K | |
| Pretax Income | $6M | $-2M | $19M | $1M | $-4M | $-14M | $11M | $-6M | $-3M | $-15M | $-12M | $-11M | $-6M | $-11M | $10M | $31M | |
| Income Tax | $2M | $934.0K | $6M | $1M | $7M | $-9M | $3M | $-967.0K | $2M | $-5M | $-1M | $-2M | $3M | $-6M | $2M | $10M | |
| Net Income | $4M | $-3M | $13M | $240.0K | $-11M | $-4M | $9M | $-5M | $-6M | $-10M | $-10M | $-9M | $-9M | $-6M | $8M | $21M | |
| EPS (Basic) | $0.10 | $-0.08 | $0.33 | $0.01 | $-0.28 | $-0.11 | $0.22 | $-0.14 | $-0.14 | $-0.26 | $-0.26 | $-0.24 | $-0.23 | $-0.15 | $0.21 | $0.53 | |
| EPS (Diluted) | $0.10 | $-0.08 | $0.33 | $0.01 | $-0.28 | $-0.11 | $0.22 | $-0.14 | $-0.14 | $-0.26 | $-0.26 | $-0.24 | $-0.23 | $-0.15 | $0.21 | $0.53 | |
| Shares (Basic) | 37,827,000 | 38,201,000 | · | 39,013,000 | 39,004,000 | 38,930,000 | · | 38,762,000 | 38,675,000 | 38,447,000 | · | 38,492,000 | 38,538,000 | 39,200,000 | · | 40,086,000 | |
| Shares (Diluted) | 38,019,000 | 38,201,000 | · | 39,175,000 | 39,004,000 | 38,930,000 | · | 38,762,000 | 38,675,000 | 38,447,000 | · | 38,492,000 | 38,538,000 | 39,200,000 | · | 40,302,000 | |
| EBITDA | $2M | $-6M | · | $-2M | $-9M | $-18M | · | $-11M | $-8M | $-20M | · | $-15M | $-11M | $-16M | · | $31M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $271M | |
| Prepaid Expense | $28M | $10M | $10M | $9M | $8M | $7M | $9M | $8M | $8M | $8M | · | $6M | $9M | $9M | · | $9M | |
| Other Current Assets | $3M | $14M | $14M | $17M | $15M | $14M | $16M | $11M | $18M | $16M | · | $15M | $6M | $5M | · | $6M | |
| Current Assets | $271M | $245M | $309M | $310M | $302M | $325M | $410M | $357M | $344M | $344M | · | $390M | $382M | $405M | · | $516M | |
| PP&E (Net) | $23M | $24M | $24M | $24M | $24M | $25M | $26M | $27M | $27M | $28M | · | $28M | $28M | $28M | · | $27M | |
| Accum. Depreciation | $61M | $59M | $57M | $57M | $55M | $53M | $51M | $55M | $53M | $51M | · | $48M | $45M | $43M | · | $40M | |
| Goodwill | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | $38M | |
| Intangibles | $3M | $3M | $4M | $4M | $5M | $5M | $6M | $9M | $11M | $12M | · | $14M | $15M | $17M | · | $19M | |
| Other Non-current Assets | $29M | $28M | $27M | $25M | $25M | $24M | $24M | $26M | $15M | $16M | · | $10M | $18M | $17M | · | $15M | |
| Total Assets | $766M | $755M | $827M | $812M | $792M | $802M | $870M | $834M | $825M | $827M | · | $882M | $884M | $910M | · | $1000M | |
| Accounts Payable | $10M | $11M | $11M | $15M | $11M | $10M | $14M | $13M | $10M | $9M | · | $9M | $12M | $12M | · | $10M | |
| Current Liabilities | $93M | $93M | $121M | $113M | $87M | $86M | $133M | $113M | $93M | $93M | · | $103M | $89M | $103M | · | $147M | |
| Capital Leases | $57M | $57M | $59M | $59M | $64M | $65M | $66M | $67M | $71M | $74M | · | $74M | $79M | $83M | · | $63M | |
| Other Non-current Liabilities | $7M | $7M | $8M | $8M | $7M | $7M | $7M | $7M | $7M | $7M | · | $10M | $11M | $8M | · | $11M | |
| Total Liabilities | $187M | $186M | $224M | $210M | $184M | $184M | $239M | $216M | $199M | $201M | · | $233M | $220M | $228M | · | $276M | |
| Common Stock | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | $4.0K | · | $4.0K | $4.0K | $4.0K | · | $4.0K | |
| Retained Earnings | $377M | $373M | $410M | $415M | $426M | $444M | $459M | $451M | $466M | $472M | · | $507M | $526M | $552M | · | $600M | |
| AOCI | $-1M | $-517.0K | $401.0K | $171.0K | $325.0K | $-1M | $-1M | $135.0K | $-1M | $-1M | · | $-3M | $-3M | $-2M | · | $-4M | |
| Stockholders' Equity | $579M | $569M | $603M | $602M | $608M | $618M | $631M | $618M | $627M | $626M | $645M | $649M | $664M | $682M | $714M | $724M | |
| Liabilities + Equity | $766M | $755M | $827M | $812M | $792M | $802M | $870M | $834M | $825M | $827M | · | $882M | $884M | $910M | · | $1000M | |
| Shares Outstanding | 37,871,003 | 37,821,936 | 38,422,993 | 39,061,075 | 38,996,974 | 39,138,040 | 38,856,790 | 38,823,704 | 38,729,323 | 38,633,603 | · | 38,546,059 | 38,460,595 | 38,876,354 | · | 39,797,423 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $3M | $3M | $3M | $3M | $5M | $5M | $3M | $3M | $3M | $4M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $7M | $7M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $8M | $5M | $5M | $5M | $5M | $5M | |
| Deferred Tax | $923.0K | $817.0K | $4M | $1M | $7M | $-9M | $2M | $-967.0K | $2M | $-5M | $-2M | $-10M | $2M | $4M | $-4M | $-2M | |
| Amort. of Intangibles | $300.0K | $400.0K | $400.0K | $600.0K | $500.0K | $600.0K | $3M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Operating Cash Flow | $22M | $-28M | $46M | $52M | $21M | $-53M | $57M | $15M | $851.0K | $-51M | $15M | $8M | $6M | $-101M | $25M | $40M | |
| CapEx | $945.0K | $3M | $2M | $2M | $2M | $1M | $2M | $2M | $2M | $3M | $2M | $2M | $3M | $3M | $3M | $4M | |
| Investing Cash Flow | $5M | $34M | $25M | $-19M | $-67M | $57M | $-65M | $-3M | $80M | $-22M | $-54M | $46M | $-35M | $117M | $-23M | $25M | |
| Stock Repurchased | $545.0K | $25M | $17M | $577.0K | $7M | $425.0K | $231.0K | $0 | $0 | $554.0K | $5M | $0 | $18M | $17M | $23M | $6M | |
| Net Stock Activity | · | $-25M | · | · | · | $-425.0K | · | · | · | $-554.0K | · | · | · | $-17M | · | · | |
| Dividends Paid | $10M | $775.0K | $10M | $178.0K | $10M | $697.0K | $10M | $150.0K | $10M | $592.0K | $10M | $112.0K | $10M | $441.0K | $10M | $79.0K | |
| Financing Cash Flow | $-10M | $-32M | $-27M | $-2M | $-18M | $-8M | $-10M | $-1M | $-10M | $-8M | $-14M | $-946.0K | $-28M | $-24M | $-38M | $-6M | |
| Net Change in Cash | $17M | $-25M | $45M | $31M | $-64M | $-4M | $-19M | $11M | $71M | $-80M | $-53M | $53M | $-57M | $-8M | $-35M | $59M | |
| Taxes Paid | · | · | $-3M | $7.0K | $359.0K | $21.0K | · | $19.0K | $263.0K | $162.0K | · | $8.0K | $505.0K | $209.0K | $11M | $19M | |
| Free Cash Flow | · | $-31M | · | · | · | $-54M | · | · | · | $-54M | · | · | · | $-104M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-54M | · | · | · | $-104M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 1.1% | -3.4% | · | -1.2% | -5.2% | -12.2% | · | -6.8% | -5.1% | -15.6% | · | -9.5% | -6.6% | -10.4% | · | 9.4% | |
| Net Margin | 1.9% | -1.8% | · | 0.12% | -6.4% | -3.0% | · | -3.2% | -3.5% | -7.7% | · | -5.7% | -5.4% | -3.8% | · | 6.6% | |
| Pretax Margin | 3.1% | -1.3% | · | 0.76% | -2.2% | -9.6% | · | -3.8% | -2.2% | -11.4% | · | -6.9% | -3.7% | -7.4% | · | 9.7% | |
| EBITDA Margin | 1.1% | -3.4% | · | -1.2% | -5.2% | -12.2% | · | -6.8% | -5.1% | -15.6% | · | -9.5% | -6.6% | -10.4% | · | 9.4% | |
| ROA | 0.50% | -0.40% | · | 0.03% | -1.4% | -0.54% | · | -0.63% | -0.65% | -1.1% | · | -0.98% | -0.94% | -0.62% | · | 2.3% | |
| ROE | 0.66% | -0.52% | · | 0.04% | -1.8% | -0.71% | · | -0.85% | -0.86% | -1.5% | · | -1.4% | -1.3% | -0.86% | · | 3.1% | |
| ROIC | 0.24% | -1.5% | · | -0.06% | -4.4% | -0.91% | · | -1.6% | -2.1% | -2.2% | · | -1.9% | -2.3% | -1.2% | · | 2.9% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.9 | 2.6 | · | 2.7 | 3.5 | 3.8 | · | 3.1 | 3.7 | 3.7 | · | 3.8 | 4.3 | 3.9 | · | 3.5 | |
| Quick Ratio | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 1.8 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -101.0 | · | -64.0 | -49.4 | -74.7 | · | 133.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.1 | · | 0.2 | 0.2 | 0.2 | · | 0.3 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $15.29 | $15.05 | · | $15.42 | $15.59 | $15.78 | · | $15.91 | $16.18 | $16.19 | · | $16.85 | $17.26 | $17.55 | · | $18.19 | |
| Revenue / Share | $5.34 | $4.49 | · | $4.95 | $4.42 | $3.73 | · | $4.35 | $4.09 | $3.36 | · | $4.21 | $4.23 | $3.95 | · | $8.04 | |
| Cash Flow / Share | · | $-0.72 | · | · | · | $-1.36 | · | · | · | $-1.33 | · | · | · | $-2.58 | · | · | |
| Cash / Share | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $6.81 | |
| Dividend / Share | · | · | · | · | · | $0.25 | · | $0.25 | · | $0.25 | · | · | · | · | · | · | |
| EPS (TTM) | $0.36 | $-0.02 | · | $-0.16 | $-0.31 | $-0.17 | · | $-0.80 | $-0.90 | $-0.99 | · | $-0.41 | $0.36 | $1.63 | · | $3.94 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $812M | $782M | · | $751M | $726M | $712M | · | $622M | $616M | $620M | · | $742M | $904M | $1.14B | · | $1.53B | |
| Net Income TTM | $14M | $-587.0K | · | $-7M | $-12M | $-7M | · | $-31M | $-35M | $-38M | · | $-16M | $15M | $66M | · | $158M | |
| Market Cap | $1.18B | $1.01B | · | $1.15B | $1.20B | $1.35B | · | $1.54B | $1.22B | $1.32B | · | $1.13B | $1.21B | $1.25B | · | $1.30B | |
| P/E | 86.6 | -1329.5 | · | -183.4 | -99.1 | -202.6 | · | -49.5 | -35.0 | -34.5 | · | -71.6 | 87.5 | 19.7 | · | 8.3 | |
| P/S | 1.5 | 1.3 | · | 1.5 | 1.6 | 1.9 | · | 2.5 | 2.0 | 2.1 | · | 1.5 | 1.3 | 1.1 | · | 0.9 | |
| P/B | 2.0 | 1.8 | · | 1.9 | 2.0 | 2.2 | · | 2.5 | 1.9 | 2.1 | · | 1.7 | 1.8 | 1.8 | · | 1.8 | |
| P / Tangible Book | 2.2 | 1.9 | · | 2.0 | 2.1 | 2.3 | · | 2.7 | 2.1 | 2.3 | · | 1.9 | 2.0 | 2.0 | · | 2.0 | |
| P / Cash Flow | · | -36.5 | · | · | · | -25.5 | · | · | · | -25.9 | · | · | · | -12.3 | · | · | |
| Dividend Yield | 1.7% | 2.1% | · | 1.8% | 1.7% | 1.5% | · | 1.3% | 1.7% | 1.5% | · | 1.8% | 1.7% | 4.9% | · | 3.9% | |
| Earnings Yield | 1.1% | -0.08% | · | -0.55% | -1.0% | -0.49% | · | -2.0% | -2.9% | -2.9% | · | -1.4% | 1.1% | 5.1% | · | 12.0% | |
| Payout Ratio | · | -25.0% | · | · | · | -15.8% | · | · | · | -5.9% | · | · | · | -7.6% | · | · | |
| Annual Payout | $20M | $21M | · | $20M | $20M | $20M | · | $20M | $20M | $20M | · | $21M | $21M | $61M | · | $50M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $755M | $696M | $646M | $1.30B | $1.30B |
| Operating Margin % | -1.8% | -4.7% | · | 10.6% | 14.6% |
| Net Income | $-2M | $-12M | $-34M | $104M | $142M |
| Diluted EPS | $-0.05 | $-0.32 | $-0.88 | $2.59 | $3.55 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 2.5 | 3.1 | · | 3.5 | 2.7 |
| Quick Ratio | · | · | · | 1.6 | 1.7 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $59M | $14M | · | $2M | $249M |
Institutional owners (13F) 195 filers · $813.5M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
195
Value held
$813.5M
New positions
34
Exited positions
17
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 34 (-2 vs prior Q) | 17 (-27 vs prior Q) | 63 (-12 vs prior Q) | 59 (+15 vs prior Q) | +698K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $112,800,708 | 3,618,887 | 13.87% | Shares |
| VANGUARD GROUP INC | $104,164,593 | 3,816,951 | 12.80% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $77,658,995 | 2,491,466 | 9.55% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $71,327,521 | 2,285,406 | 8.77% | Shares |
| PZENA INVESTMENT MANAGEMENT LLC | $66,735,001 | 2,141,001 | 8.20% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $46,419,338 | 1,489,218 | 5.71% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $31,812,164 | 1,020,602 | 3.91% | Shares |
| STATE STREET CORP | $29,592,424 | 949,388 | 3.64% | Shares |
| Tributary Capital Management, LLC | $23,085,468 | 740,631 | 2.84% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $20,553,839 | 659,314 | 2.53% | Shares |
| TWO SIGMA INVESTMENTS, LP | $17,177,693 | 551,097 | 2.11% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $14,720,913 | 472,278 | 1.81% | Shares |
| ROYCE & ASSOCIATES LP | $14,650,492 | 470,019 | 1.80% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $12,613,782 | 404,677 | 1.55% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $8,501,524 | 272,747 | 1.05% | Shares |
| NORTHERN TRUST CORP | $7,983,322 | 256,122 | 0.98% | Shares |
| SPROTT INC. | $6,545,700 | 210,000 | 0.80% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $6,239,392 | 200,173 | 0.77% | Shares |
| Russell Investments Group, Ltd. | $5,890,840 | 188,990 | 0.72% | Shares |
| DEPRINCE RACE & ZOLLO INC | $5,707,071 | 183,095 | 0.70% | Shares |
| MORGAN STANLEY | $5,699,230 | 182,843 | 0.70% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $5,576,294 | 178,899 | 0.69% | Shares |
| GOLDMAN SACHS GROUP INC | $5,303,482 | 170,147 | 0.65% | Shares |
| Bank of New York Mellon Corp | $5,154,309 | 165,361 | 0.63% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,812,804 | 154,405 | 0.59% | Shares |
| UBS Group AG | $4,809,718 | 154,306 | 0.59% | Shares |
| Qube Research & Technologies Ltd | $4,003,444 | 128,439 | 0.49% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,965,417 | 127,219 | 0.49% | Shares |
| Nuveen, LLC | $3,862,212 | 123,908 | 0.47% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $3,530,937 | 113,280 | 0.43% | Shares |
| WELLS FARGO & COMPANY/MN | $3,412,056 | 109,466 | 0.42% | Shares |
| Mariner, LLC | $2,920,349 | 93,691 | 0.36% | Shares |
| Quantinno Capital Management LP | $2,668,007 | 85,595 | 0.33% | Shares |
| ExodusPoint Capital Management, LP | $2,605,064 | 83,576 | 0.32% | Shares |
| Invesco Ltd. | $2,600,544 | 83,431 | 0.32% | Shares |
| DEUTSCHE BANK AG\ | $2,594,341 | 83,232 | 0.32% | Shares |
| D. E. Shaw & Co., Inc. | $2,559,244 | 82,106 | 0.31% | Shares |
| Public Sector Pension Investment Board | $2,509,279 | 80,503 | 0.31% | Shares |
| WINTON GROUP Ltd | $2,485,808 | 79,750 | 0.31% | Shares |
| SEI INVESTMENTS CO | $2,324,226 | 74,566 | 0.29% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $2,185,453 | 70,114 | 0.27% | Shares |
| AMERICAN CENTURY COMPANIES INC | $2,068,722 | 66,369 | 0.25% | Shares |
| XTX Topco Ltd | $1,905,017 | 61,117 | 0.23% | Shares |
| RHUMBLINE ADVISERS | $1,897,301 | 60,870 | 0.23% | Shares |
| TWO SIGMA ADVISERS, LP | $1,896,655 | 69,500 | 0.23% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,800,169 | 67,701 | 0.22% | Shares |
| Trexquant Investment LP | $1,785,262 | 57,275 | 0.22% | Shares |
| AMERIPRISE FINANCIAL INC | $1,730,497 | 55,518 | 0.21% | Shares |
| IEQ CAPITAL, LLC | $1,704,718 | 54,691 | 0.21% | Shares |
| Legal & General Group Plc | $1,636,332 | 52,497 | 0.20% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Phoenix Investments Holdings LLC, Ionian Investments Manager LLC, George M. Marcus ×10 filings | April 20, 2021 | · | Initial filing | · | SEC |
| George M. Marcus, Ionian Investments Manager LLC, Phoenix Investments Holdings LLC ×5 filings | Dec. 13, 2016 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 22 insiders · 10 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Hessam Nadji | Chief Executive Officer | Sept. 10, 2026 M | 314,018 | 0 | 2 | $-48,470 |
| John J. Kerin | President and CEO | Nov. 5, 2015 M | 44,046 | 0 | 0 | $0 |
| Richard D. Matricaria | EVP & COO - Western Division | March 10, 2025 M | 19,677 | 0 | 0 | $0 |
| Mitchell R Labar | Executive VP and COO | June 10, 2019 S | 0 | 0 | 0 | $0 |
| Fabrice De Bosschere | Chief Accounting Officer | May 4, 2026 A | 2,519 | 0 | 0 | $0 |
| Gregory A. Laberge | SVP & Chief Client Officer | March 10, 2026 M | 6,231 | 0 | 0 | $0 |
| Kurt Henry Schwarz | Chief Accounting Officer | March 10, 2025 M | 1,341 | 0 | 0 | $0 |
| Martin E. Louie | SVP/Corporate Initiatives | March 10, 2021 M | 71,547 | 0 | 0 | $0 |
| William E. Hughes | SVP Marcus & Millichap Capital | May 22, 2018 S | 91,662 | 0 | 0 | $0 |
| Gene A. Berman | Executive Vice President | May 12, 2016 S | 486,407 | 0 | 0 | $0 |
| Dixon Collete English | Director | April 30, 2026 A | 12,422 | 0 | 0 | $0 |
| Norma J. Lawrence | Director | April 30, 2026 A | 5,169 | 0 | 0 | $0 |
| Don C. Watters | Director | April 30, 2026 A | 15,902 | 0 | 0 | $0 |
| Nicholas F. Mcclanahan | Director | April 30, 2026 A | 7,472 | 0 | 0 | $0 |
| George T Shaheen | Director | April 30, 2026 A | 27,439 | 0 | 0 | $0 |
| George M Marcus | Director | April 30, 2026 A | 36,239 | 0 | 0 | $0 |
| Lauralee Martin | Director | Aug. 11, 2025 P | 17,728 | 1 | 0 | $49,907 |
| William A Millichap | Director | May 5, 2020 A | 5,324 | 0 | 0 | $0 |
| Phoenix Investments Holdings LLC | 10% owner | July 16, 2021 J | 14,128,075 | 0 | 0 | $0 |
| Marcus & Millichap Co | 10% owner | Nov. 5, 2013 J | 0 | 0 | 0 | $0 |
| John David Parker | · | Aug. 10, 2026 M | 43,310 | 0 | 0 | $0 |
| Steven F. Degennaro | · | Aug. 10, 2026 M | 42,709 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 39 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ESSC · Strategy Shares | 0.55% | 6,406 NS | July 31, 2026 | N-PORT |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.15% | 1,412 SH | Oct. 2, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.08% | 49,740 SH | Aug. 19, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.05% | 144,518 NS | July 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.05% | 26,058 NS | July 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.05% | 20,127 SH | Aug. 19, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.05% | 33,192 SH | Oct. 2, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.04% | 3,607 SH | Oct. 2, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.04% | 868,711 SH | Aug. 19, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.04% | 81,718 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 28,508 SH | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.03% | 140,905 NS | July 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.03% | 6,103 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.02% | 589,490 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 10,996 NS | July 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.02% | 95,475 NS | July 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 329,736 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 132,527 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 1,361 SH | Oct. 2, 2026 | Daily |
| ISCG · iShares Trust | 0.01% | 3,409 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 272,294 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 520,072 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 1,911 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 1,528 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 102,399 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 3,524 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 4,387 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 8,581 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 8,303 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 33,982 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 6,043 SH | Sept. 3, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 725,192 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,790 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 1,435,230 SH | Sept. 10, 2026 | Daily |
| IJS · iShares Trust | · | 208,016 SH | Sept. 8, 2026 | Daily |
| IWN · iShares Trust | · | 227,882 SH | Sept. 11, 2026 | Daily |
| XJR · iShares Trust | · | 3,273 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 1,069 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 2,530 SH | Sept. 11, 2026 | Daily |
MMI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 9 analysts
SELL
Median target
$28.00
-2.0%
0 0.0%
Strong Buy
0 0.0%
Buy
3 33.3%
Hold
5 55.6%
Sell
1 11.1%
Strong Sell
12-Month Price Target
1 analysts · 2026-10-02Mean target $28.00 -2.0%
Low$28.00
Mean$28.00
High$28.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MMI | $1.05B | -545.8 | 8.5% | -0.25% | -0.32% | · |
| COMP | $5.96B | -105.7 | 23.7% | -0.84% | -9.8% | · |
| OPEN | · | · | · | · | · | · |
| NMRK | · | 25.5 | 20.3% | 3.8% | 9.5% | · |
| AGNT | · | · | · | · | · | · |
| DOUG | $209M | 13.9 | 3.8% | 1.5% | 8.8% | · |
| LHAI | $124M | · | 175.7% | 0.36% | 1.5% | 3.7% |
| OPAD | · | -0.8 | -38.2% | -8.2% | -147.8% | 7.4% |
| CBRE | $47.55B | 41.8 | 13.4% | 2.9% | 13.4% | · |
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Source: SEC 10-Q filed Aug 6, 2026