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Side-by-side financial comparison of Marcus & Millichap, Inc. (MMI) and SIMMONS FIRST NATIONAL CORP (SFNC). Click either name above to swap in a different company.

Marcus & Millichap, Inc. is the larger business by last-quarter revenue ($243.9M vs $197.3M, roughly 1.2× SIMMONS FIRST NATIONAL CORP). On growth, SIMMONS FIRST NATIONAL CORP posted the faster year-over-year revenue change (19.6% vs 1.6%). SIMMONS FIRST NATIONAL CORP produced more free cash flow last quarter ($411.4M vs $43.9M). Over the past eight quarters, Marcus & Millichap, Inc.'s revenue compounded faster (37.5% CAGR vs 0.6%).

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.

Simmons Bank is a bank with operations in Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. It is the primary subsidiary of Simmons First National Corporation, a bank holding company.

MMI vs SFNC — Head-to-Head

Bigger by revenue
MMI
MMI
1.2× larger
MMI
$243.9M
$197.3M
SFNC
Growing faster (revenue YoY)
SFNC
SFNC
+18.0% gap
SFNC
19.6%
1.6%
MMI
More free cash flow
SFNC
SFNC
$367.5M more FCF
SFNC
$411.4M
$43.9M
MMI
Faster 2-yr revenue CAGR
MMI
MMI
Annualised
MMI
37.5%
0.6%
SFNC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MMI
MMI
SFNC
SFNC
Revenue
$243.9M
$197.3M
Net Profit
$13.3M
Gross Margin
Operating Margin
6.3%
Net Margin
5.5%
Revenue YoY
1.6%
19.6%
Net Profit YoY
55.7%
EPS (diluted)
$0.33
$0.36

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
SFNC
SFNC
Q4 25
$243.9M
$197.3M
Q3 25
$193.9M
$186.7M
Q2 25
$172.3M
$214.2M
Q1 25
$145.0M
$209.6M
Q4 24
$240.1M
$208.5M
Q3 24
$168.5M
$174.8M
Q2 24
$158.4M
$197.2M
Q1 24
$129.1M
$195.1M
Net Profit
MMI
MMI
SFNC
SFNC
Q4 25
$13.3M
Q3 25
$240.0K
$-562.8M
Q2 25
$-11.0M
$54.8M
Q1 25
$-4.4M
$32.4M
Q4 24
$8.5M
Q3 24
$-5.4M
$24.7M
Q2 24
$-5.5M
$40.8M
Q1 24
$-10.0M
$38.9M
Operating Margin
MMI
MMI
SFNC
SFNC
Q4 25
6.3%
Q3 25
-1.2%
Q2 25
-5.3%
Q1 25
-12.2%
Q4 24
2.8%
Q3 24
-6.8%
Q2 24
-5.1%
Q1 24
-15.6%
Net Margin
MMI
MMI
SFNC
SFNC
Q4 25
5.5%
Q3 25
0.1%
-301.5%
Q2 25
-6.4%
25.6%
Q1 25
-3.0%
15.5%
Q4 24
3.6%
Q3 24
-3.2%
14.1%
Q2 24
-3.5%
20.7%
Q1 24
-7.7%
19.9%
EPS (diluted)
MMI
MMI
SFNC
SFNC
Q4 25
$0.33
$0.36
Q3 25
$0.01
$-4.00
Q2 25
$-0.28
$0.43
Q1 25
$-0.11
$0.26
Q4 24
$0.22
$0.38
Q3 24
$-0.14
$0.20
Q2 24
$-0.14
$0.32
Q1 24
$-0.26
$0.31

Balance Sheet & Financial Strength

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

Metric
MMI
MMI
SFNC
SFNC
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$620.0M
Stockholders' EquityBook value
$603.1M
$3.4B
Total Assets
$827.2M
$24.5B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Total Debt
MMI
MMI
SFNC
SFNC
Q4 25
$620.0M
Q3 25
$667.8M
Q2 25
$1.0B
Q1 25
$1.3B
Q4 24
$1.1B
Q3 24
$1.4B
Q2 24
$1.7B
Q1 24
$1.2B
Stockholders' Equity
MMI
MMI
SFNC
SFNC
Q4 25
$603.1M
$3.4B
Q3 25
$602.2M
$3.4B
Q2 25
$607.8M
$3.5B
Q1 25
$617.6M
$3.5B
Q4 24
$630.8M
$3.5B
Q3 24
$617.7M
$3.5B
Q2 24
$626.7M
$3.5B
Q1 24
$625.6M
$3.4B
Total Assets
MMI
MMI
SFNC
SFNC
Q4 25
$827.2M
$24.5B
Q3 25
$812.5M
$24.2B
Q2 25
$792.2M
$26.7B
Q1 25
$802.0M
$26.8B
Q4 24
$869.8M
$26.9B
Q3 24
$833.7M
$27.3B
Q2 24
$825.4M
$27.4B
Q1 24
$826.7M
$27.4B
Debt / Equity
MMI
MMI
SFNC
SFNC
Q4 25
0.18×
Q3 25
0.20×
Q2 25
0.28×
Q1 25
0.35×
Q4 24
0.32×
Q3 24
0.40×
Q2 24
0.50×
Q1 24
0.36×

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
SFNC
SFNC
Operating Cash FlowLast quarter
$46.3M
$449.5M
Free Cash FlowOCF − Capex
$43.9M
$411.4M
FCF MarginFCF / Revenue
18.0%
208.5%
Capex IntensityCapex / Revenue
1.0%
19.3%
Cash ConversionOCF / Net Profit
3.48×
TTM Free Cash FlowTrailing 4 quarters
$58.8M
$717.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMI
MMI
SFNC
SFNC
Q4 25
$46.3M
$449.5M
Q3 25
$52.2M
$223.4M
Q2 25
$21.0M
$77.6M
Q1 25
$-52.8M
$32.8M
Q4 24
$56.7M
$425.9M
Q3 24
$15.2M
$199.4M
Q2 24
$851.0K
$86.1M
Q1 24
$-51.0M
$57.6M
Free Cash Flow
MMI
MMI
SFNC
SFNC
Q4 25
$43.9M
$411.4M
Q3 25
$50.0M
$216.7M
Q2 25
$19.3M
$66.3M
Q1 25
$-54.3M
$22.6M
Q4 24
$55.1M
$380.4M
Q3 24
$13.2M
$187.7M
Q2 24
$-806.0K
$72.7M
Q1 24
$-53.7M
$47.7M
FCF Margin
MMI
MMI
SFNC
SFNC
Q4 25
18.0%
208.5%
Q3 25
25.8%
116.1%
Q2 25
11.2%
31.0%
Q1 25
-37.5%
10.8%
Q4 24
23.0%
182.5%
Q3 24
7.8%
107.4%
Q2 24
-0.5%
36.9%
Q1 24
-41.6%
24.5%
Capex Intensity
MMI
MMI
SFNC
SFNC
Q4 25
1.0%
19.3%
Q3 25
1.2%
3.6%
Q2 25
1.0%
5.3%
Q1 25
1.0%
4.8%
Q4 24
0.6%
21.8%
Q3 24
1.2%
6.7%
Q2 24
1.0%
6.8%
Q1 24
2.0%
5.0%
Cash Conversion
MMI
MMI
SFNC
SFNC
Q4 25
3.48×
Q3 25
217.54×
Q2 25
1.42×
Q1 25
1.01×
Q4 24
6.63×
Q3 24
8.06×
Q2 24
2.11×
Q1 24
1.48×

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%

SFNC
SFNC

Segment breakdown not available.

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