
Marcus & Millichap Inc
NYSE:MMI

Income Statement
Earnings Waterfall
Marcus & Millichap Inc
Revenue
|
696.1m
USD
|
Cost of Revenue
|
-431.5m
USD
|
Gross Profit
|
264.6m
USD
|
Operating Expenses
|
-297.5m
USD
|
Operating Income
|
-32.9m
USD
|
Other Expenses
|
20.5m
USD
|
Net Income
|
-12.4m
USD
|
Income Statement
Marcus & Millichap Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
572
N/A
|
604
+6%
|
643
+6%
|
658
+2%
|
689
+5%
|
707
+3%
|
717
+1%
|
732
+2%
|
718
-2%
|
706
-2%
|
703
0%
|
706
+0%
|
720
+2%
|
741
+3%
|
760
+3%
|
787
+4%
|
815
+3%
|
801
-2%
|
811
+1%
|
799
-2%
|
806
+1%
|
836
+4%
|
744
-11%
|
705
-5%
|
717
+2%
|
710
-1%
|
878
+24%
|
1 052
+20%
|
1 296
+23%
|
1 432
+10%
|
1 543
+8%
|
1 534
-1%
|
1 302
-15%
|
1 137
-13%
|
904
-21%
|
742
-18%
|
646
-13%
|
620
-4%
|
616
-1%
|
622
+1%
|
696
+12%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(350)
|
(368)
|
(394)
|
(404)
|
(423)
|
(434)
|
(441)
|
(453)
|
(445)
|
(438)
|
(436)
|
(436)
|
(447)
|
(459)
|
(468)
|
(486)
|
(503)
|
(493)
|
(501)
|
(492)
|
(499)
|
(521)
|
(467)
|
(442)
|
(448)
|
(443)
|
(548)
|
(668)
|
(840)
|
(928)
|
(1 005)
|
(1 004)
|
(851)
|
(750)
|
(595)
|
(482)
|
(407)
|
(388)
|
(385)
|
(385)
|
(431)
|
|
Gross Profit |
222
N/A
|
236
+6%
|
250
+6%
|
255
+2%
|
266
+4%
|
273
+3%
|
276
+1%
|
279
+1%
|
273
-2%
|
268
-2%
|
268
0%
|
270
+1%
|
273
+1%
|
282
+3%
|
292
+3%
|
301
+3%
|
312
+4%
|
308
-1%
|
310
+1%
|
307
-1%
|
308
+0%
|
316
+3%
|
278
-12%
|
262
-5%
|
269
+3%
|
267
-1%
|
330
+23%
|
384
+16%
|
456
+19%
|
504
+10%
|
538
+7%
|
531
-1%
|
451
-15%
|
388
-14%
|
309
-20%
|
260
-16%
|
239
-8%
|
232
-3%
|
231
-1%
|
237
+3%
|
265
+12%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(137)
|
(140)
|
(145)
|
(147)
|
(151)
|
(158)
|
(161)
|
(166)
|
(166)
|
(168)
|
(171)
|
(173)
|
(177)
|
(182)
|
(188)
|
(194)
|
(200)
|
(201)
|
(205)
|
(205)
|
(211)
|
(218)
|
(209)
|
(212)
|
(214)
|
(213)
|
(231)
|
(246)
|
(267)
|
(291)
|
(309)
|
(317)
|
(313)
|
(311)
|
(300)
|
(297)
|
(299)
|
(296)
|
(292)
|
(294)
|
(297)
|
|
Selling, General & Administrative |
(134)
|
(137)
|
(142)
|
(144)
|
(148)
|
(154)
|
(157)
|
(162)
|
(162)
|
(163)
|
(166)
|
(168)
|
(172)
|
(177)
|
(182)
|
(188)
|
(193)
|
(194)
|
(198)
|
(197)
|
(203)
|
(209)
|
(200)
|
(201)
|
(203)
|
(201)
|
(220)
|
(235)
|
(255)
|
(278)
|
(296)
|
(304)
|
(300)
|
(298)
|
(287)
|
(283)
|
(285)
|
(282)
|
(278)
|
(279)
|
(281)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
(17)
|
|
Operating Income |
85
N/A
|
96
+14%
|
104
+8%
|
108
+4%
|
115
+6%
|
116
+1%
|
115
-1%
|
113
-2%
|
107
-5%
|
101
-6%
|
97
-4%
|
97
0%
|
96
-1%
|
101
+5%
|
105
+4%
|
107
+3%
|
112
+5%
|
107
-5%
|
105
-2%
|
102
-3%
|
96
-5%
|
98
+1%
|
68
-30%
|
51
-26%
|
55
+8%
|
54
-1%
|
98
+82%
|
138
+40%
|
189
+38%
|
214
+13%
|
229
+7%
|
214
-7%
|
137
-36%
|
77
-44%
|
10
-87%
|
(36)
N/A
|
(59)
-64%
|
(63)
-7%
|
(61)
+4%
|
(57)
+6%
|
(33)
+42%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
3
|
3
|
4
|
5
|
5
|
6
|
7
|
6
|
9
|
10
|
10
|
13
|
9
|
9
|
8
|
7
|
8
|
6
|
5
|
5
|
4
|
2
|
3
|
5
|
10
|
15
|
19
|
20
|
21
|
21
|
21
|
21
|
|
Pre-Tax Income |
83
N/A
|
95
+14%
|
103
+8%
|
106
+4%
|
113
+7%
|
115
+1%
|
114
0%
|
113
-1%
|
107
-5%
|
102
-5%
|
98
-3%
|
99
+0%
|
99
+1%
|
104
+5%
|
109
+5%
|
112
+3%
|
117
+4%
|
114
-3%
|
114
0%
|
111
-3%
|
108
-3%
|
105
-2%
|
76
-28%
|
57
-24%
|
59
+4%
|
62
+4%
|
104
+69%
|
142
+36%
|
193
+36%
|
217
+12%
|
230
+6%
|
215
-6%
|
142
-34%
|
86
-39%
|
24
-72%
|
(19)
N/A
|
(40)
-116%
|
(44)
-8%
|
(41)
+6%
|
(36)
+12%
|
(13)
+64%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(34)
|
(38)
|
(41)
|
(43)
|
(47)
|
(47)
|
(47)
|
(46)
|
(42)
|
(40)
|
(39)
|
(39)
|
(36)
|
(35)
|
(33)
|
(31)
|
(30)
|
(29)
|
(30)
|
(28)
|
(31)
|
(31)
|
(22)
|
(17)
|
(17)
|
(17)
|
(28)
|
(38)
|
(51)
|
(57)
|
(59)
|
(57)
|
(38)
|
(21)
|
(9)
|
3
|
6
|
5
|
6
|
5
|
1
|
|
Income from Continuing Operations |
50
|
56
|
61
|
63
|
66
|
68
|
67
|
67
|
65
|
62
|
60
|
60
|
63
|
69
|
76
|
81
|
87
|
85
|
84
|
82
|
77
|
74
|
53
|
40
|
43
|
45
|
76
|
104
|
143
|
160
|
171
|
158
|
104
|
66
|
15
|
(16)
|
(34)
|
(38)
|
(35)
|
(31)
|
(12)
|
|
Net Income (Common) |
50
N/A
|
56
+14%
|
61
+9%
|
63
+3%
|
66
+6%
|
68
+2%
|
67
0%
|
67
0%
|
65
-4%
|
62
-4%
|
60
-3%
|
60
+1%
|
52
-15%
|
58
+12%
|
64
+11%
|
70
+8%
|
87
+25%
|
85
-3%
|
84
-1%
|
82
-2%
|
77
-7%
|
74
-3%
|
53
-28%
|
40
-25%
|
43
+7%
|
45
+4%
|
76
+70%
|
104
+37%
|
143
+37%
|
160
+12%
|
171
+7%
|
158
-7%
|
104
-34%
|
66
-37%
|
15
-77%
|
(16)
N/A
|
(34)
-115%
|
(38)
-12%
|
(35)
+8%
|
(31)
+11%
|
(12)
+60%
|
|
EPS (Diluted) |
1.27
N/A
|
1.45
+14%
|
1.57
+8%
|
1.61
+3%
|
1.69
+5%
|
1.73
+2%
|
1.73
N/A
|
1.73
N/A
|
1.66
-4%
|
1.59
-4%
|
1.54
-3%
|
1.54
N/A
|
1.31
-15%
|
1.46
+11%
|
1.62
+11%
|
1.76
+9%
|
2.22
+26%
|
2.15
-3%
|
2.13
-1%
|
2.09
-2%
|
1.95
-7%
|
1.88
-4%
|
1.34
-29%
|
1
-25%
|
1.08
+8%
|
1.11
+3%
|
1.9
+71%
|
2.59
+36%
|
3.55
+37%
|
3.95
+11%
|
4.24
+7%
|
3.93
-7%
|
2.59
-34%
|
1.67
-36%
|
0.38
-77%
|
-0.42
N/A
|
-0.88
-110%
|
-1
-14%
|
-0.91
+9%
|
-0.81
+11%
|
-0.32
+60%
|