Marcus & Millichap vs Offerpad Solutions
Marcus & Millichap is the larger business, with $755m of revenue in fiscal 2025 against $568m for Offerpad Solutions (1.3 times as much). Marcus & Millichap grew faster (8.5% against -38.2%). Marcus & Millichap kept more of each dollar of sales as profit: a net margin of -0.3% against -8.2%. Marcus & Millichap carries less debt relative to equity (0.0% against 46.3%).
| Latest fiscal year | Marcus & MillichapMMI, 2025 | Offerpad SolutionsOPAD, 2025 |
|---|---|---|
| Revenue | $755m | $568m |
| Revenue growth | 8.5% | -38.2% |
| Net income | −$1.9m | −$46.4m |
| Operating margin | -1.8% | -5.9% |
| Net margin | -0.3% | -8.2% |
| Return on equity | -0.3% | -108.0% |
| Free cash flow | $58.8m | $65.7m |
| Cash | $162m | $26.5m |
| Total debt | $0 | $17.7m |
| Debt to equity | 0.0% | 46.3% |
| Dividend per share | — | — |
| Dividend yield | 1.8% | — |
| Share buybacks | $25.4m | — |
| Employees | 854 | 140 |
| Market value | $1.09bn | $11.8m |
| Price vs our value range | Above our value range | — |
| Moat score | 50 (Moderate) | 20 (Weak) |
| Insider trades, 12 months | 0 buys, 2 sales | 2 buys, 0 sales |