WD (Walker & Dunlop, Inc.) Stock Financials & Earnings | Market Cap Arena

WD (Walker & Dunlop, Inc.) Stock Financials & Earnings | Market Cap Arena

WDWalker & Dunlop, Inc.

Mkt Cap$2B

Financial Services·Financial - Mortgages·🇺🇸 United States·NYSE

Revenue (TTM)$1.2B

Net Income (TTM)$57M

EPS (TTM)$1.64

Free Cash Flow (TTM)-$680M

Gross Margin58.5%

Op. Margin11.1%

Net Margin4.6%

FCF Margin-55.1%

P/S Ratio (TTM)1.3x

P/E Ratio (TTM)29.2x

YoY Rev Growth+9.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$239M	$105M	$35M
Q2 23	$273M	$122M	$36M
Q3 23	$269M	$115M	$28M
Q4 23	$274M	$130M	$39M
Q1 24	$228M	$99M	$14M
Q2 24	$271M	$120M	$28M
Q3 24	$292M	$129M	$38M
Q4 24	$341M	$156M	$52M
Q1 25	$237M	$222M	-$10M
Q2 25	$319M	$141M	$46M
Q3 25	$338M	$144M	$46M
Q4 25	$340M	$216M	$55M

Valuation

Quarter	P/S	P/E
Q1 23	1.4x	9.8x
Q2 23	1.5x	11.7x
Q3 23	1.6x	14.2x
Q4 23	1.6x	15.5x
Q1 24	1.6x	18.0x
Q2 24	1.6x	19.0x
Q3 24	1.6x	17.5x
Q4 24	1.5x	15.4x
Q1 25	1.5x	16.8x
Q2 25	1.4x	15.1x
Q3 25	1.3x	14.5x
Q4 25	1.3x	29.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$547M	-$549M
Q2 23	-$334M	-$341M
Q3 23	$549M	$544M
Q4 23	$332M	$330M
Q1 24	$38M	$35M
Q2 24	-$238M	-$242M
Q3 24	-$202M	-$204M
Q4 24	$531M	$527M
Q1 25	-$281M	-$285M
Q2 25	-$238M	-$241M
Q3 25	-$948M	-$950M
Q4 25	$803M	$796M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$7M
Q3 23	$4M
Q4 23	$2M
Q1 24	$3M
Q2 24	$4M
Q3 24	$2M
Q4 24	$4M
Q1 25	$4M
Q2 25	$3M
Q3 25	$2M
Q4 25	$7M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-25.3%	-11.0%
Q2 23	-20.0%	-11.5%
Q3 23	-14.8%	-8.0%
Q4 23	-3.0%	-0.3%
Q1 24	-4.5%	+5.0%
Q2 24	-0.7%	+2.5%
Q3 24	+8.8%	+5.9%
Q4 24	+24.5%	+23.1%
Q1 25	+4.1%	+15.5%
Q2 25	+17.9%	+12.5%
Q3 25	+15.5%	+14.5%
Q4 25	-0.4%	-1.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$27M	8.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$27M	7.9%

OpEx Breakdown

Quarter

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$188M	$0	$188M
Q2 23	$228M	$0	$228M
Q3 23	$236M	$0	$236M
Q4 23	$329M	$0	$329M
Q1 24	$217M	$0	$217M
Q2 24	$208M	$0	$208M
Q3 24	$180M	$0	$180M
Q4 24	$279M	$0	$279M
Q1 25	$181M	$0	$181M
Q2 25	$234M	$0	$234M
Q3 25	$275M	$0	$275M
Q4 25	$299M	$0	$299M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	33M	+0.4%
Q2 23	33M	+0.1%
Q3 23	33M	+0.1%
Q4 23	33M	+0.1%
Q1 24	33M	+0.3%
Q2 24	33M	+0.3%
Q3 24	33M	+0.1%
Q4 24	33M	+0.1%
Q1 25	33M	+0.2%
Q2 25	33M	+0.2%
Q3 25	33M	+0.1%
Q4 25	33M	-0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$776K	465
FY 15	$5M	104
FY 16	$5M	125
FY 17	$5M	145
FY 18	$4M	164
FY 19	$993K	823
FY 20	$1M	988
FY 21	$965K	1K
FY 22	$868K	1K
FY 23	$795K	1K
FY 24	$809K	1K
FY 25	$842K	1K