Marcus & Millichap, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|
| Revenue | $719.7M | $717.5M | $689.1M | $572.2M | $435.9M | $385.7M | $274.7M |
| Cost of Revenue | $446.6M | $444.8M | — | — | — | — | — |
| Gross Profit | $273.1M | $272.7M | — | — | — | — | — |
| Gross Margin | 38.0% | 38.0% | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | — |
| SG&A Expense | $171.6M | $161.8M | $147.7M | $134.3M | $115.7M | $103.5M | $85.8M |
| Operating Income | $96.1M | $106.5M | $114.7M | $84.6M | $21.3M | $49.0M | $23.5M |
| Operating Margin | 13.4% | 14.8% | 16.6% | 14.8% | 4.9% | 12.7% | 8.5% |
| Interest Expense | $1.5M | $1.5M | $1.7M | $1.7M | $105.0K | $4.0K | — |
| Pretax Income | $99.2M | $107.1M | $113.4M | $83.0M | $21.9M | $49.4M | $23.8M |
| Income Tax Expense | $47.7M | $42.4M | $47.0M | $33.5M | $13.7M | $21.5M | $10.4M |
| Net Income | $51.5M | $64.7M | $66.4M | $49.5M | $8.2M | $27.9M | $13.5M |
| Net Margin | 7.2% | 9.0% | 9.6% | 8.7% | 1.9% | 7.2% | 4.9% |
| EPS (Basic) | $1.32 | $1.66 | $1.71 | $1.27 | $0.24 | — | — |
| EPS (Diluted) | $1.32 | $1.66 | $1.69 | $1.27 | $0.24 | — | — |
| Shares Outstanding (Basic) | 39.0M | 38.9M | 38.8M | 38.9M | 38.8M | 0 | — |
| Shares Outstanding (Diluted) | 39.1M | 39.0M | 39.2M | 39.0M | 38.8M | 0 | — |
| Dividends Per Share | — | — | — | — | — | — | — |