MMI vs OPEN
Marcus & Millichap, Inc. and Opendoor Technologies Inc., side by side — 8 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MMI | OPEN |
|---|---|---|
| Revenue | $755.2M | $4.4B |
| Net income | $-1.9M | $-1.3B |
| Gross margin | · | 8.0% |
| Net margin | −0.3% | −29.7% |
| Return on equity | −0.3% | −151.3% |
| Diluted EPS | −$0.05 | −$1.70 |
| Dividend / share | · | · |
| Payout ratio | −1076.5% | · |
| Free cash flow | $58.8M | $1.0B |
| Equity | $603.1M | $1.0B |
| Net debt / equity | · | · |
| Current ratio | 2.55× | 7.03× |
| Revenue CAGR 5y | 1.0% | 11.1% |
| Profit CAGR 5y | · | · |
OPEN bills 5.8× the revenue of MMI, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
8 years side by side
| Fiscal year | MMI | OPEN |
|---|---|---|
| FY2025 | $755.2M | $4.4B |
| FY2024 | $696.1M | $5.2B |
| FY2023 | $645.9M | $6.9B |
| FY2022 | $1.3B | $15.6B |
| FY2021 | $1.3B | $8.0B |
| FY2020 | $716.9M | $2.6B |
| FY2019 | $806.4M | $4.7B |
| FY2018 | $814.8M | $1.8B |
Bottom line
| Fiscal year | MMI | OPEN |
|---|---|---|
| FY2025 | $-1.9M | $-1.3B |
| FY2024 | $-12.4M | $-392.0M |
| FY2023 | $-34.0M | $-275.0M |
| FY2022 | $104.2M | $-1.4B |
| FY2021 | $142.5M | $-662.0M |
| FY2020 | $42.8M | $-253.0M |
| FY2019 | $76.9M | $-341.0M |
| FY2018 | $87.3M | $-241.3M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$3,615,844,000 | OPEN |
| FY2024 | −$4,456,940,000 | OPEN |
| FY2023 | −$6,300,073,000 | OPEN |
| FY2022 | −$14,265,290,000 | OPEN |
| FY2021 | −$6,724,560,000 | OPEN |
| FY2020 | −$1,866,094,000 | OPEN |
| FY2019 | −$3,934,572,000 | OPEN |
| FY2018 | −$1,023,250,000 | OPEN |
OPEN has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 15 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +29.5 pp | MMI |
| FY2024 | +5.8 pp | MMI |
| FY2023 | −1.3 pp | OPEN |
| FY2022 | +16.7 pp | MMI |
| FY2021 | +19.2 pp | MMI |
| FY2020 | +15.8 pp | MMI |
| FY2019 | +16.7 pp | MMI |
| FY2018 | +23.8 pp | MMI |
The higher net margin has changed hands between MMI and OPEN over this period.
8 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
OPEN's net margin has been more volatile than MMI's over the 8 comparable fiscal years — 7.5 percentage points of standard deviation against 5.9.
8 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MMI and OPEN over these 8 fiscal years — MMI led in 7 and OPEN in 1.
8 of 15 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
OPEN's return on equity has been more volatile than MMI's over the 5 comparable fiscal years — 45.5 percentage points of standard deviation against 10.8.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MMI led in return on equity in every one of the 5 comparable fiscal years — a structural lead, not a recent swing.
5 of 15 comparable fiscal years — a year missing data on either side is not counted.