Marcus & Millichap
Through the investors’ lenses
0 of 2 cleared2 of 5 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 1/3
| Measure | MMI | Checked against | |
|---|---|---|---|
| Owner earnings | $2.32m | positive | ✓ |
| Return on equity | -0.3% | US median 2.8% | ✗ |
| Debt to equity | — | US median 0.57x | — |
| Operating margin | -1.8% | US median 3.1% | ✗ |
Passes 1 of 3. These are the measures Warren Buffett published, applied to Marcus & Millichap’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 1/2
| Measure | MMI | Checked against | |
|---|---|---|---|
| Current ratio | 2.55x | 2.00x published | ✓ |
| Long-term debt to working capital | — | 1.00x published | — |
| Positive earnings, ten years running | 0 yrs | 10 published | ✗ |
Passes 1 of 2. These are the measures Benjamin Graham published, applied to Marcus & Millichap’s own figures — their criteria, not their view of this company. What he looks at, and why →
This company is not classified. The SEC files it under SIC 6531, a catch-all that covers businesses with little in common. No sector-specific rule is applied, so the general basis for an operating company — free cash flow — is used. Read the comparison below rather than the single marked figure.
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | negative | whyLost $0.0500 per share — no earnings to pay from. |
| Operating cash flow | 30.8% | whyBefore capital spending. |
| Free cash flow | 35.0% | whyAfter maintaining the business. |
Spread between highest and lowest: 4.1 percentage points. Same filings, different denominators.
Coverage rating 61 / 100 — Adequate. ? Peer standing · not rankedDirection 30/30Stability 0/20
Free cash flow payout, last 5 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 35.0% |
| 2024-12-31 | 146.1% |
| 2013-12-31 | 40.9% |
| 2012-12-31 | 99.9% |
| 2011-12-31 | 112.2% |
The arithmetic
- GAAP earnings — dividends declared per share $0.528 ÷ diluted EPS $-0.0500
- Operating cash flow — dividends paid $20.6m ÷ operating cash flow $66.7m
- Free cash flow — dividends paid $20.6m ÷ (operating cash flow $66.7m − capex $7.87m)
Where the figures came from
- 10-K filed 2026-02-26 · accession 0001628280-26-012419
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- DPS derived from dividends paid ($0.53); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated adequate · when it files.
Who else looks like this
Every figure above is computed from Marcus & Millichap’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules two investors published — free, and nothing you screen leaves your browser.
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