Marcus & Millichap Cash Flow Statement
NYSE: MMIFinanceReal EstateUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Marcus & Millichap free cash flow
In fiscal 2025, Marcus & Millichap generated $66.7 million of operating cash flow and spent $7.9 million on capital expenditures. That left free cash flow of $58.8 million, a free-cash-flow margin of 7.8% of revenue. Free cash flow was up 324.7% from the prior year's $13.8 million.
Marcus & Millichap returned $45.9 million to shareholders: $20.6 million in dividends and $25.4 million in share repurchases, equal to 78% of free cash flow. Free cash flow covered dividend payments 2.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
Marcus & Millichap cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | -1.91M | -12.36M | -34.03M | 104.22M | 142.47M | 42.84M | 76.93M | 87.26M | 51.52M | 64.66M |
| Net Income growth (YoY) | — | — | -132.66% | -26.84% | +232.58% | -44.32% | -11.84% | +69.35% | -20.31% | -2.55% |
| Depreciation & Amortization | 12.10M | 16.59M | 13.63M | 13.41M | 11.72M | 10.90M | 8.02M | 6.30M | 5.36M | 4.39M |
| Stock-Based Compensation | 24.23M | 23.79M | 24.15M | 17.31M | 10.36M | 9.90M | 9.28M | 11.98M | 9.14M | 7.04M |
| Change in Working Capital | -2.53M | -1.04M | -9.60M | -11.37M | 4.36M | 3.90M | -6.52M | -1.37M | -14.24M | 161.00K |
| Operating Cash Flow | 66.66M | 21.71M | -72.43M | 13.63M | 255.90M | 38.09M | 25.29M | 117.31M | 66.54M | 74.49M |
| Capital Expenditures | -7.87M | -7.87M | -9.37M | -11.67M | -6.86M | -6.95M | -8.81M | -8.07M | -6.55M | -9.47M |
| Investing Cash Flow | -3.82M | -9.90M | 74.87M | -53.98M | -108.36M | -17.23M | -3.42M | -117.98M | -27.34M | 19.82M |
| Dividends Paid | -20.55M | -20.23M | -20.10M | -60.36M | 0 | 0 | — | — | — | — |
| Share Repurchases | -25.37M | -785.00K | -39.44M | -29.05M | 0 | 0 | — | — | — | — |
| Financing Cash Flow | -54.58M | -28.75M | -67.68M | -105.56M | -5.92M | -10.33M | -3.88M | -5.44M | -5.78M | -3.12M |
| Net Change in Cash | 8.48M | -17.31M | -65.12M | -146.27M | 138.99M | 10.48M | 17.99M | -6.10M | 33.41M | 91.19M |
| Free Cash Flow | 58.78M | 13.84M | -81.80M | 1.96M | 249.05M | 31.14M | 16.48M | 109.24M | 59.98M | 65.01M |
This table shows 10 annual periods of Marcus & Millichap's cash flow statement, from FY 2025 back to FY 2016, across 12 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MMI's reporting calendar. What is a cash flow statement?