Saturday 17 October 2026 Export WD’s income statement to Excel — free account

Walker & Dunlop, Inc.

Walker & Dunlop, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 8.99% from fiscal 2024. In the quarter to June 2026, revenue fell 3.93%, EPS fell 91.0%, free cash flow grew 585.0% and total debt rose 11.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

32.61 0.71 −2.13%

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Market cap: $1.1B
P/E: 29.1×
Fwd P/E: 14.3×
Dividend yield: 8.31%
F-score: n/a
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.79

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	4	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.97%

Capital & Financial Ratios $m

Market Cap 1,140.00

Revenue 1,285.72

Net Income 41.08

Free Cash Flow (131.24)

Net Debt 1,784.07

Current Ratio 0.00

Debt/Equity 1.28

P/E ratio 29.12

Fwd P/E 14.30

P/S ratio 0.84

P/B ratio 0.63

Past 5Y EPS Growth (26.59%)

This Y EPS Growth 168.29%

Next Y EPS Growth 22.90%

Next Y revenue growth 2.65%

Next 5Y EPS Growth 55.82%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 85.70%

10-year low 10-year high

P/S against its own 10 years 0.15%

10-year low 10-year high

P/B against its own 10 years 0.15%

10-year low 10-year high

Dividends

Payout Ratio 2.42

Annual Dividend Rate 2.71

Annual Dividend Yield 8.31%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.72	0.68 0.68 0.68
2025	2.68	0.67 0.67 0.67 0.67
2024	2.60	0.65 0.65 0.65 0.65
2023	2.52	0.63 0.63 0.63 0.63
2022	3.00	0.60 0.60 0.60 0.60 0.60
2021	2.00	0.50 0.50 0.50 0.50
2020	1.44	0.36 0.36 0.36 0.36
2019	1.20	0.30 0.30 0.30 0.30
2018	1.00	0.25 0.25 0.25 0.25
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	534	511	547	421
Receivables	829	1,117	1,856	1,860
Inventory	—	—	—	—
Other	—	—	—	—
	1,363	1,628	2,403	2,281

	2017	2018	2019	2020
Payables	130	—	—	—
ST’ Debt	—	—	—	—
Other	6	20	8	14
	137	20	8	14

Compound Annual Growth %

	10y	5y	3y
Sales	10.18%	2.64%	(0.65%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	(3.95%)	(25.48%)	(35.83%)
Book Value	13.50%	7.87%	0.58%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	301	307	—	—	—
’25	237	319	338	340	1,234
’24	228	271	292	341	1,132
’23	239	273	269	274	1,054
’22	319	341	316	283	1,259
’21	224	281	346	407	1,259
’20	234	253	247	350	1,084

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1,144)	1,169	—	—	—
’25	(281)	(238)	(948)	803	(664)
’24	38	(238)	(202)	531	129
’23	(547)	(334)	549	332	(1)
’22	972	(118)	(1,321)	2,049	1,583
’21	1,316	(556)	(956)	1,067	870
’20	(293)	(530)	(1,474)	885	(1,411)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1,146)	1,169	—	—	—
’25	(285)	(241)	(950)	796	(680)
’24	35	(242)	(204)	527	116
’23	(549)	(341)	544	330	(17)
’22	960	(118)	(1,328)	2,047	1,561
’21	1,314	(558)	(958)	1,064	861
’20	(293)	(531)	(1,475)	885	(1,414)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.46	0.09	—	—	—
’25	0.08	0.99	0.98	(0.41)	1.64
’24	0.35	0.67	0.85	1.32	3.19
’23	0.79	0.82	0.64	0.93	3.18
’22	2.12	1.61	1.40	1.24	6.36
’21	1.79	1.73	2.21	2.42	8.15
’20	1.49	1.95	1.66	2.59	7.69

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.50	29.93	37.96	42.27	24.55	81.52	75.33	61.06	87.20	59.83	Analyst estimates 2026–2028 Powerpack
	High	32.43	56.46	61.44	68.36	94.50	156.77	153.44	113.67	118.19	98.62
People
People	Employees	550	623	723	823	988	1,305	1,451	1,326	1,399	1,466
	Revenue/emp, $m	1.05	1.14	1.00	0.99	1.10	0.96	0.87	0.80	0.81	0.84
Income, $m
Income, $m	Revenue	575	712	725	817	1,084	1,259	1,259	1,054	1,132	1,234
	Gross margin, %	60.46	59.36	59.01	57.64	56.74	52.07	51.75	51.23	50.62	47.52
	EBT	186	234	213	230	330	352	265	138	132	79
	EBT margin, %	32.29	32.82	29.35	28.19	30.48	27.96	21.05	13.11	11.61	6.40
	Net income	114	212	161	173	246	266	209	103	101	57
	Depreciation	115	134	148	151	169	210	235	227	238	239
Per share, $
Per share, $	Revenue	19.33	23.59	24.01	27.32	35.60	40.51	38.94	32.25	34.20	37.01
	Earnings	3.87	7.03	5.35	5.61	7.85	8.27	6.43	3.20	3.19	1.65
	Cash flow	25.51	35.38	2.12	14.29	(46.36)	28.01	48.96	(0.02)	3.91	(19.92)
	Capex	(1.53)	(0.43)	(0.22)	(0.16)	(0.10)	(0.30)	(0.68)	(0.50)	(0.39)	(0.47)
	Free cash flow	23.98	34.95	1.91	14.14	(46.46)	27.71	48.28	(0.51)	3.51	(20.39)
	Book value	20.66	27.01	30.04	34.84	39.29	50.78	53.11	53.40	53.14	52.39
	Shares, m	30	30	30	30	30	31	32	33	33	33
Valuation, ×
Valuation, ×	P/E	8.15	6.72	8.08	11.55	11.75	18.27	12.41	33.89	30.47	36.45
	P/S	1.63	2.01	1.80	2.37	2.59	3.72	2.05	3.36	2.84	1.63
	P/B	1.53	1.75	1.44	1.86	2.34	2.97	1.50	2.03	1.83	1.15
	EV/Sales	5.01	3.14	3.50	3.53	4.74	5.46	2.72	4.16	3.76	3.00
	EV/FCF	3.80	2.12	50.97	6.98	(3.60)	8.07	2.21	(166.50)	39.86	(5.38)
Cash, $m
Cash, $m	Operating cash flow	759	1,068	64	428	(1,411)	870	1,583	(1)	129	(664)
	Capex	(46)	(13)	(7)	(5)	(3)	(9)	(22)	(16)	(13)	(16)
	Free cash flow	714	1,055	58	423	(1,414)	861	1,561	(17)	116	(680)
Balance, $m
Balance, $m	Working capital	1,998	1,152	1,332	1,082	2,978	2,521	1,000	1,363	1,628	2,403
	Total debt	2,154	1,102	1,457	1,200	2,809	2,682	1,242	1,370	1,550	2,249
	Net debt	1,941	806	1,230	949	2,331	2,184	841	835	1,038	1,702
	Shareholders’ equity	615	815	907	1,042	1,196	1,578	1,717	1,746	1,760	1,747
Returns, %
Returns, %	ROA	3.32	7.71	6.24	6.15	6.52	5.21	4.49	2.58	2.51	1.16
	ROIC	4.54	9.01	6.22	7.23	5.85	5.85	6.48	3.35	2.94	1.43
	ROE	19.67	28.35	18.08	17.21	21.34	18.52	12.61	6.04	6.03	3.13

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PFSI PennyMac Financial Services, Inc.	$3.2B	8.0×	7.8×	+11.75% (above 0%: growing)	−84.09% (below 0%: shrinking)	+1,600.30% (above 0%: growing)	72.56%	12.19%	Compare
UWMC UWM Holdings Corporation	$1.9B	— (loss-making)	5.8×	−81.06% (below 0%: shrinking)	n/m	+64.57% (above 0%: growing)	24.81%	(192.94%)	Compare
WD Walker & Dunlop, Inc.	$1.1B	29.1×	14.3×	−3.93% (below 0%: shrinking)	−91.00% (below 0%: shrinking)	+584.98% (above 0%: growing)	46.88%	5.65%
VEL Velocity Financial, Inc.	$584.7M	5.3×	12.1×	+34.05% (above 0%: growing)	−7.25% (below 0%: shrinking)	−3.27% (below 0%: shrinking)	0.00%	0.00%	Compare
ONIT Onity Group Inc.	$222.8M	1.5×	6.2×	+14.72% (above 0%: growing)	n/m	−9.61% (below 0%: shrinking)	100.00%	25.95%	Compare
BETR Better Home & Finance Holding Company	$204.6M	— (loss-making)	— (loss-making)	+25.81% (above 0%: growing)	n/m	+136.12% (above 0%: growing)	89.80%	0.00%	Compare
LDI loanDepot, Inc.	$191.7M	— (loss-making)	— (loss-making)	+19.39% (above 0%: growing)	n/m	+589.11% (above 0%: growing)	87.77%	10.45%	Compare
GHI Greystone Housing Impact Investors LP	$115.2M	— (loss-making)	3.2×	−7.10% (below 0%: shrinking)	n/m	−92.85% (below 0%: shrinking)	93.66%	60.90%	Compare
IOR Income Opportunity Realty Investors, Inc.	$74.4M	19.6×	13.8×	+534.29% (above 0%: growing)	−29.17% (below 0%: shrinking)	+155.56% (above 0%: growing)	0.00%	0.00%	Compare
Median of peers	$213.7M	6.7×	7.0×	+17.05%	−29.17%	+100.35%	80.17%	5.23%

All 14 Mortgage Finance stocks →

Walker & Dunlop, Inc. (WD) key facts

Strength: Walker & Dunlop, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 8.99% from fiscal 2024.
Walker & Dunlop, Inc. (WD) is a Mortgage Finance company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, WD traded at $32.61, a market capitalization of $1.1 billion.
Walker & Dunlop, Inc. pays an annual dividend of $2.71 per share, a yield of 8.31%.
Return on equity was 3.13% and debt-to-equity 1.28.

Source: company filings (standardised) and stockrow calculations.