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Side-by-side financial comparison of Marcus & Millichap, Inc. (MMI) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.

Marcus & Millichap, Inc. is the larger business by last-quarter revenue ($243.9M vs $151.1M, roughly 1.6× STURM RUGER & CO INC). On growth, STURM RUGER & CO INC posted the faster year-over-year revenue change (3.6% vs 1.6%). Marcus & Millichap, Inc. produced more free cash flow last quarter ($43.9M vs $12.3M). Over the past eight quarters, Marcus & Millichap, Inc.'s revenue compounded faster (37.5% CAGR vs 5.1%).

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.

Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

MMI vs RGR — Head-to-Head

Bigger by revenue
MMI
MMI
1.6× larger
MMI
$243.9M
$151.1M
RGR
Growing faster (revenue YoY)
RGR
RGR
+2.0% gap
RGR
3.6%
1.6%
MMI
More free cash flow
MMI
MMI
$31.5M more FCF
MMI
$43.9M
$12.3M
RGR
Faster 2-yr revenue CAGR
MMI
MMI
Annualised
MMI
37.5%
5.1%
RGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MMI
MMI
RGR
RGR
Revenue
$243.9M
$151.1M
Net Profit
$13.3M
Gross Margin
17.8%
Operating Margin
6.3%
2.3%
Net Margin
5.5%
Revenue YoY
1.6%
3.6%
Net Profit YoY
55.7%
EPS (diluted)
$0.33
$0.22

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
RGR
RGR
Q4 25
$243.9M
$151.1M
Q3 25
$193.9M
$126.8M
Q2 25
$172.3M
$132.5M
Q1 25
$145.0M
$135.7M
Q4 24
$240.1M
$145.8M
Q3 24
$168.5M
$122.3M
Q2 24
$158.4M
$130.8M
Q1 24
$129.1M
$136.8M
Net Profit
MMI
MMI
RGR
RGR
Q4 25
$13.3M
Q3 25
$240.0K
$1.6M
Q2 25
$-11.0M
$-17.2M
Q1 25
$-4.4M
$7.8M
Q4 24
$8.5M
Q3 24
$-5.4M
$4.7M
Q2 24
$-5.5M
$8.3M
Q1 24
$-10.0M
$7.1M
Gross Margin
MMI
MMI
RGR
RGR
Q4 25
17.8%
Q3 25
15.1%
Q2 25
3.9%
Q1 25
22.0%
Q4 24
22.8%
Q3 24
18.5%
Q2 24
22.3%
Q1 24
21.5%
Operating Margin
MMI
MMI
RGR
RGR
Q4 25
6.3%
2.3%
Q3 25
-1.2%
-2.7%
Q2 25
-5.3%
-15.6%
Q1 25
-12.2%
6.2%
Q4 24
2.8%
7.8%
Q3 24
-6.8%
3.1%
Q2 24
-5.1%
6.9%
Q1 24
-15.6%
5.5%
Net Margin
MMI
MMI
RGR
RGR
Q4 25
5.5%
Q3 25
0.1%
1.2%
Q2 25
-6.4%
-13.0%
Q1 25
-3.0%
5.7%
Q4 24
3.6%
Q3 24
-3.2%
3.9%
Q2 24
-3.5%
6.3%
Q1 24
-7.7%
5.2%
EPS (diluted)
MMI
MMI
RGR
RGR
Q4 25
$0.33
$0.22
Q3 25
$0.01
$0.10
Q2 25
$-0.28
$-1.05
Q1 25
$-0.11
$0.46
Q4 24
$0.22
$0.62
Q3 24
$-0.14
$0.28
Q2 24
$-0.14
$0.47
Q1 24
$-0.26
$0.40

Balance Sheet & Financial Strength

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

Metric
MMI
MMI
RGR
RGR
Cash + ST InvestmentsLiquidity on hand
$92.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$603.1M
$283.8M
Total Assets
$827.2M
$342.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMI
MMI
RGR
RGR
Q4 25
$92.5M
Q3 25
$80.8M
Q2 25
$101.4M
Q1 25
$108.3M
Q4 24
$105.5M
Q3 24
$96.0M
Q2 24
$105.6M
Q1 24
$115.3M
Stockholders' Equity
MMI
MMI
RGR
RGR
Q4 25
$603.1M
$283.8M
Q3 25
$602.2M
$279.6M
Q2 25
$607.8M
$289.3M
Q1 25
$617.6M
$321.5M
Q4 24
$630.8M
$319.6M
Q3 24
$617.7M
$314.9M
Q2 24
$626.7M
$321.5M
Q1 24
$625.6M
$332.0M
Total Assets
MMI
MMI
RGR
RGR
Q4 25
$827.2M
$342.0M
Q3 25
$812.5M
$342.3M
Q2 25
$792.2M
$349.5M
Q1 25
$802.0M
$379.0M
Q4 24
$869.8M
$384.0M
Q3 24
$833.7M
$373.5M
Q2 24
$825.4M
$376.7M
Q1 24
$826.7M
$385.0M

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
RGR
RGR
Operating Cash FlowLast quarter
$46.3M
$15.5M
Free Cash FlowOCF − Capex
$43.9M
$12.3M
FCF MarginFCF / Revenue
18.0%
8.2%
Capex IntensityCapex / Revenue
1.0%
2.1%
Cash ConversionOCF / Net Profit
3.48×
TTM Free Cash FlowTrailing 4 quarters
$58.8M
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMI
MMI
RGR
RGR
Q4 25
$46.3M
$15.5M
Q3 25
$52.2M
$12.9M
Q2 25
$21.0M
$14.7M
Q1 25
$-52.8M
$11.1M
Q4 24
$56.7M
$20.0M
Q3 24
$15.2M
$9.4M
Q2 24
$851.0K
$18.7M
Q1 24
$-51.0M
$7.3M
Free Cash Flow
MMI
MMI
RGR
RGR
Q4 25
$43.9M
$12.3M
Q3 25
$50.0M
$7.0M
Q2 25
$19.3M
$9.1M
Q1 25
$-54.3M
$10.0M
Q4 24
$55.1M
$16.4M
Q3 24
$13.2M
$2.6M
Q2 24
$-806.0K
$10.1M
Q1 24
$-53.7M
$5.6M
FCF Margin
MMI
MMI
RGR
RGR
Q4 25
18.0%
8.2%
Q3 25
25.8%
5.5%
Q2 25
11.2%
6.9%
Q1 25
-37.5%
7.4%
Q4 24
23.0%
11.2%
Q3 24
7.8%
2.1%
Q2 24
-0.5%
7.7%
Q1 24
-41.6%
4.1%
Capex Intensity
MMI
MMI
RGR
RGR
Q4 25
1.0%
2.1%
Q3 25
1.2%
4.6%
Q2 25
1.0%
4.2%
Q1 25
1.0%
0.8%
Q4 24
0.6%
2.5%
Q3 24
1.2%
5.5%
Q2 24
1.0%
6.6%
Q1 24
2.0%
1.3%
Cash Conversion
MMI
MMI
RGR
RGR
Q4 25
3.48×
Q3 25
217.54×
8.15×
Q2 25
Q1 25
1.43×
Q4 24
6.63×
Q3 24
1.98×
Q2 24
2.27×
Q1 24
1.04×

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%

RGR
RGR

Firearms$150.6M100%
Castings$7.3M5%

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