COMP <GO>
MMI vs MS // EV/EBITDA & P/E VALUATION
Marcus & Millichap Inc. (NYSE) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: MMI 3
— MS 6
■ METRIC PARITY
LAST: $27.92 (+0.65%) • MKT CAP: $1.06B
valuation
—
LAST: $190.00 (-0.07%) • MKT CAP: $298.41B
valuation
31.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MMI VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MMI | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -1.80% | 3.00% | -4.80 | MS | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 31.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 5.56% | -7.25% | +12.81 | MMI | /fcf-yield <GO> |
| Operating Margin | -1.80% | 24.60% | -26.40 | MS | /operating-margins <GO> |
| Net Profit Margin | -0.30% | 20.20% | -20.50 | MS | /net-margins <GO> |
| Revenue Growth (YoY) | 8.50% | 5.50% | +3.00 | MMI | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 1.94% | 2.21% | -0.27 | MS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 5/9 | +1.00 | MMI | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 44.8 | 51.0 | -6.24 | MS | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 1.04 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 16.5x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.06B | $298.41B | -$297.35B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MMI REV | MS REV | MMI GROSS % | MS GROSS % | MMI FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $755.2M | $0 | — | — | $58.8M | -$17.89B |
| FY 2024 | $696.1M | $0 | — | — | $13.8M | $1.36B |
| FY 2023 | $645.9M | $0 | — | — | -$72.4M | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MMI // BETA —
MS // BETA 1.04