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Douglas Elliman vs Marcus & Millichap: DOUG and MMI compared
Douglas Elliman is the larger company: $283M of revenue in its latest quarter (Q2 2026) against $208M for Marcus & Millichap (Q3 2026). Marcus & Millichap is growing faster (+8% against +4% a year earlier). Marcus & Millichap is more profitable, with an operating margin of -0.4% against -1.2%.
Where the money goes: DOUG and MMI
Douglas Elliman (DOUG) · Q2 2026
Douglas Elliman, Q2 2026: revenue $283M (+4% year over year), operating margin -1.2%, net loss $2.7M, operating cash flow $11.6M. The chart follows the revenue to costs, profit and cash.
Marcus & Millichap (MMI) · Q3 2026
Marcus & Millichap, Q3 2026: revenue $208M (+8% year over year), operating margin -0.4%, net earnings $1.0M, operating cash flow $33.2M. The chart follows the revenue to costs, profit and cash.
| Douglas Elliman (DOUG) | Marcus & Millichap (MMI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $283M | $208M |
| Revenue growth, Y/Y | +4% | +8% |
| Operating margin | -1.2% | -0.4% |
| Net earnings | −$2.7M | $1.0M |
| Net margin | -1.0% | 0.5% |
| Operating cash flow | $11.6M | $33.2M |
| Free cash flow | $10.9M | $31.3M |
Where the revenue comes from
Douglas Elliman
- Commissions and other brokerage income: $280M (99%)
- Other ancillary services: $3.2M (1%)
Marcus & Millichap
- Real estate brokerage commissions: $174M (84%)
- Financing fees: $27.0M (13%)
- Other revenue: $7.3M (3%)
Questions
Which is bigger, Douglas Elliman or Marcus & Millichap?
Douglas Elliman is the larger company: $283M of revenue in its latest quarter (Q2 2026) against $208M for Marcus & Millichap (Q3 2026).
Is Douglas Elliman or Marcus & Millichap growing faster?
Marcus & Millichap is growing faster (+8% against +4% a year earlier).
Which is more profitable, Douglas Elliman or Marcus & Millichap?
Marcus & Millichap is more profitable, with an operating margin of -0.4% against -1.2%.
More: Douglas Elliman earnings · how Douglas Elliman makes money · Marcus & Millichap earnings · how Marcus & Millichap makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.