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Side-by-side financial comparison of Marcus & Millichap, Inc. (MMI) and NATIONAL PRESTO INDUSTRIES INC (NPK). Click either name above to swap in a different company.

Marcus & Millichap, Inc. is the larger business by last-quarter revenue ($243.9M vs $164.0M, roughly 1.5× NATIONAL PRESTO INDUSTRIES INC). On growth, NATIONAL PRESTO INDUSTRIES INC posted the faster year-over-year revenue change (21.7% vs 1.6%). Marcus & Millichap, Inc. produced more free cash flow last quarter ($43.9M vs $12.4M). Over the past eight quarters, NATIONAL PRESTO INDUSTRIES INC's revenue compounded faster (46.3% CAGR vs 37.5%).

Marcus & Millichap, Inc. is an American company that provides real estate brokerage, mortgage brokerage, research, and advisory services in the U.S. and Canada in the field of commercial property. It popularized the practice of listing properties exclusively with one brokerage firm. The company has over 1,800 employees in more than 80 offices across the U.S. and Canada.

National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

MMI vs NPK — Head-to-Head

Bigger by revenue
MMI
MMI
1.5× larger
MMI
$243.9M
$164.0M
NPK
Growing faster (revenue YoY)
NPK
NPK
+20.1% gap
NPK
21.7%
1.6%
MMI
More free cash flow
MMI
MMI
$31.4M more FCF
MMI
$43.9M
$12.4M
NPK
Faster 2-yr revenue CAGR
NPK
NPK
Annualised
NPK
46.3%
37.5%
MMI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MMI
MMI
NPK
NPK
Revenue
$243.9M
$164.0M
Net Profit
$13.3M
Gross Margin
16.9%
Operating Margin
6.3%
11.4%
Net Margin
5.5%
Revenue YoY
1.6%
21.7%
Net Profit YoY
55.7%
EPS (diluted)
$0.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MMI
MMI
NPK
NPK
Q4 25
$243.9M
$164.0M
Q3 25
$193.9M
$115.5M
Q2 25
$172.3M
$120.4M
Q1 25
$145.0M
$103.6M
Q4 24
$240.1M
$134.7M
Q3 24
$168.5M
$91.8M
Q2 24
$158.4M
$85.1M
Q1 24
$129.1M
$76.7M
Net Profit
MMI
MMI
NPK
NPK
Q4 25
$13.3M
Q3 25
$240.0K
$5.3M
Q2 25
$-11.0M
$5.2M
Q1 25
$-4.4M
$7.6M
Q4 24
$8.5M
Q3 24
$-5.4M
$8.1M
Q2 24
$-5.5M
$6.1M
Q1 24
$-10.0M
$6.6M
Gross Margin
MMI
MMI
NPK
NPK
Q4 25
16.9%
Q3 25
13.9%
Q2 25
15.4%
Q1 25
17.5%
Q4 24
24.3%
Q3 24
18.8%
Q2 24
17.3%
Q1 24
18.1%
Operating Margin
MMI
MMI
NPK
NPK
Q4 25
6.3%
11.4%
Q3 25
-1.2%
5.6%
Q2 25
-5.3%
5.1%
Q1 25
-12.2%
8.8%
Q4 24
2.8%
17.3%
Q3 24
-6.8%
10.0%
Q2 24
-5.1%
7.5%
Q1 24
-15.6%
8.2%
Net Margin
MMI
MMI
NPK
NPK
Q4 25
5.5%
Q3 25
0.1%
4.6%
Q2 25
-6.4%
4.3%
Q1 25
-3.0%
7.3%
Q4 24
3.6%
Q3 24
-3.2%
8.8%
Q2 24
-3.5%
7.1%
Q1 24
-7.7%
8.6%
EPS (diluted)
MMI
MMI
NPK
NPK
Q4 25
$0.33
Q3 25
$0.01
Q2 25
$-0.28
Q1 25
$-0.11
Q4 24
$0.22
Q3 24
$-0.14
Q2 24
$-0.14
Q1 24
$-0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MMI
MMI
NPK
NPK
Cash + ST InvestmentsLiquidity on hand
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$603.1M
$395.1M
Total Assets
$827.2M
$500.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMI
MMI
NPK
NPK
Q4 25
$3.8M
Q3 25
$4.6M
Q2 25
$4.8M
Q1 25
$5.5M
Q4 24
$22.7M
Q3 24
$33.2M
Q2 24
$53.4M
Q1 24
$87.9M
Stockholders' Equity
MMI
MMI
NPK
NPK
Q4 25
$603.1M
$395.1M
Q3 25
$602.2M
$379.8M
Q2 25
$607.8M
$374.1M
Q1 25
$617.6M
$368.6M
Q4 24
$630.8M
$367.6M
Q3 24
$617.7M
$346.6M
Q2 24
$626.7M
$338.1M
Q1 24
$625.6M
$331.6M
Total Assets
MMI
MMI
NPK
NPK
Q4 25
$827.2M
$500.7M
Q3 25
$812.5M
$503.8M
Q2 25
$792.2M
$471.9M
Q1 25
$802.0M
$455.3M
Q4 24
$869.8M
$453.4M
Q3 24
$833.7M
$428.9M
Q2 24
$825.4M
$418.1M
Q1 24
$826.7M
$417.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MMI
MMI
NPK
NPK
Operating Cash FlowLast quarter
$46.3M
$13.9M
Free Cash FlowOCF − Capex
$43.9M
$12.4M
FCF MarginFCF / Revenue
18.0%
7.6%
Capex IntensityCapex / Revenue
1.0%
0.9%
Cash ConversionOCF / Net Profit
3.48×
TTM Free Cash FlowTrailing 4 quarters
$58.8M
$-36.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMI
MMI
NPK
NPK
Q4 25
$46.3M
$13.9M
Q3 25
$52.2M
$-24.6M
Q2 25
$21.0M
$-10.9M
Q1 25
$-52.8M
$12.5M
Q4 24
$56.7M
$-7.6M
Q3 24
$15.2M
$-17.5M
Q2 24
$851.0K
$-33.9M
Q1 24
$-51.0M
$5.6M
Free Cash Flow
MMI
MMI
NPK
NPK
Q4 25
$43.9M
$12.4M
Q3 25
$50.0M
$-24.7M
Q2 25
$19.3M
$-13.4M
Q1 25
$-54.3M
$-10.5M
Q4 24
$55.1M
$-11.3M
Q3 24
$13.2M
$-20.3M
Q2 24
$-806.0K
$-34.5M
Q1 24
$-53.7M
$5.2M
FCF Margin
MMI
MMI
NPK
NPK
Q4 25
18.0%
7.6%
Q3 25
25.8%
-21.4%
Q2 25
11.2%
-11.1%
Q1 25
-37.5%
-10.2%
Q4 24
23.0%
-8.4%
Q3 24
7.8%
-22.1%
Q2 24
-0.5%
-40.6%
Q1 24
-41.6%
6.7%
Capex Intensity
MMI
MMI
NPK
NPK
Q4 25
1.0%
0.9%
Q3 25
1.2%
0.1%
Q2 25
1.0%
2.0%
Q1 25
1.0%
22.2%
Q4 24
0.6%
2.7%
Q3 24
1.2%
3.1%
Q2 24
1.0%
0.8%
Q1 24
2.0%
0.5%
Cash Conversion
MMI
MMI
NPK
NPK
Q4 25
3.48×
Q3 25
217.54×
-4.63×
Q2 25
-2.12×
Q1 25
1.64×
Q4 24
6.63×
Q3 24
-2.16×
Q2 24
-5.58×
Q1 24
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MMI
MMI

Real Estate Brokerage Commissions$205.3M84%
Financing Fees$33.2M14%
Other Revenues$5.4M2%

NPK
NPK

Segment breakdown not available.

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