Fathom Holdings vs Marcus & Millichap
Marcus & Millichap is the larger business, with $755m of revenue in fiscal 2025 against $420m for Fathom Holdings (1.8 times as much). Fathom Holdings grew faster (25.4% against 8.5%). Marcus & Millichap kept more of each dollar of sales as profit: a net margin of -0.3% against -4.8%.
| Latest fiscal year | Fathom HoldingsFTHM, 2025 | Marcus & MillichapMMI, 2025 |
|---|---|---|
| Revenue | $420m | $755m |
| Revenue growth | 25.4% | 8.5% |
| Net income | −$20.3m | −$1.9m |
| Operating margin | — | -1.8% |
| Net margin | -4.8% | -0.3% |
| Return on equity | -49.5% | -0.3% |
| Free cash flow | −$20.7m | $58.8m |
| Cash | $5.8m | $162m |
| Total debt | $20.7m | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | 1.8% |
| Share buybacks | — | $25.4m |
| Employees | 281 | 854 |
| Market value | $6.0m | $1.09bn |
| Price vs our value range | — | Above our value range |
| Moat score | 20 (Weak) | 50 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 2 sales |