Walker & Dunlop, Inc. WD R2K

Financial Services · Mortgage Finance · United States

https://www.walkerdunlop.com

Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, and small-balance loans. It also provides finance for multifamily, manufactured housing communities, student housing, affordable housing, small balance loans, and senior housing properties under the Fannie Mae's Delegated Underwriting and Servicing program and Freddie Mac; and construction and permanent loans to developers and owners of multifamily housing, affordable housing, senior housing, and healthcare facilities. In addition, the company acts as a debt broker to work with life insurance companies, banks, and other institutional investors to find debt and/or equity solution for the borrowers' needs; and offers property sales brokerage services to owners and developers of multifamily properties, and commercial real estate and multifamily property appraisals for various investors. Further, it provides multifamily appraisal and valuation services; and real estate-related investment banking and advisory services, including housing market research. Additionally, the company offers servicing and asset-managing the portfolio of loans; originates loans through its principal lending and investing activities; and manages third-party capital invested in tax credit equity funds focused on the LIHTC sector and other commercial real estate sectors. Walker & Dunlop, Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.

Market & Price

Market Cap

$1.72B

Current Price

$50.19

High / Low (52W)

$84.20 / $42.46

Beta

1.51

Valuation

Stock P/E

24.85

Industry PE

12.01

Forward P/E

8.62

PEG Ratio

1.09

Book Value

$51.96

Price to Book

0.97

P/S

1.40

EV/EBITDA

Dividend Yield

5.42%

Profitability & Returns

ROCE

2.18%

ROE

4.15%

ROA

1.35%

Profit Margin

5.72%

Op Margin

9.19%

EPS (Latest Qtr)

$0.46

EPS (TTM)

$2.02

Balance Sheet & Liquidity

Debt/Equity

2.02

Quick Ratio

0.30

Current Ratio

1.32

Debt

$3.49B

Total Assets

$5.06B

Current Assets

$2.55B

Working Capital

$2.42B

Ownership

Promoter Holding

4.03%

Chg in Prom Hold

FII / Inst Holding

85.12%

Chg in FII Hold

-0.01%

Financial Snapshot

Enterprise Value

$4.99B

Total Revenue (TTM)

$1.23B

EBITDA

Free Cash Flow

Operating Cash Flow

$-1.53B

Shares Outstanding

34.33M

Gross Margin

100.00%

Payout Ratio

133.17%

Growth (CAGR)

Revenue 5Y

-0.65%

Profit 5Y

-35.61%

Revenue (YoY)

32.00%

Earnings (YoY)

471.10%

PROS

Attractive dividend yield of 5.42%.

CONS

Revenue declined at -0.7% CAGR over 5 years.
Earnings shrank at -35.6% CAGR over 5 years.
Trading 40.4% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	WD Walker & Dunlop, Inc. R2K	50.19	24.85	$1.72B	5.42%	2.18%	4.15%	-0.65%	-35.61%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	17.86M	20.99M	-	15.61M	20.46M	27.91M	-	20.49M	26.83M	33.78M	-	36.41M	16.90M	22.02M	39.19M	73.60M	91.14M	89.07M	145.15M	99.33M	63.36M	66.27M	61.62M	52.40M	68.43M	-	-	237.37M	319.24M	337.68M	340.02M	301.33M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	136.90M	178.66M	193.87M	203.10M	167.73M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100.46M	140.59M	143.81M	136.93M	133.60M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	95.22M	94.21M	97.87M	126.98M	107.65M
Operating Income	32.64M	33.45M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.24M	46.37M	45.94M	9.95M	25.95M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62.87M	105.31M	105.98M	72.03M	88.91M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.24M	46.37M	45.94M	-18.56M	25.95M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.52M	12.43M	12.52M	-5.45M	8.02M
Net Income	20.15M	-	-	15.46M	32.02M	29.63M	36.79M	43.22M	34.57M	34.38M	98.96M	36.86M	41.11M	37.72M	45.75M	44.22M	42.20M	44.04M	42.92M	47.83M	62.06M	53.19M	58.05M	56.06M	71.72M	71.21M	54.29M	46.83M	26.66M	27.64M	21.46M	11.87M	22.66M	-	-	2.75M	33.95M	33.45M	-13.07M	16.95M
Diluted EPS	0.67	0.66	0.67	0.50	1.05	0.96	1.16	1.33	1.06	1.05	3.03	1.14	1.26	1.15	1.41	1.39	1.33	1.39	1.34	1.49	1.95	1.66	1.79	1.73	2.21	2.12	1.61	1.40	0.79	0.82	0.64	0.35	0.67	-	-	0.08	0.99	0.98	-0.41	0.46

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	51.55M	82.39M	95.71M	127.48M	125.64M	-	1.26B	1.05B	1.13B	1.23B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	641.60M	582.77M	628.93M	712.52M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	617.15M	471.67M	503.56M	521.78M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	365.70M	334.58M	388.20M	414.28M
Operating Income	28.60M	40.14M	56.66M	-	-	-	-	-	-	-	-	-	-	251.45M	137.09M	115.36M	107.50M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	486.48M	363.84M	352.91M	346.18M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	7.98M	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	264.96M	138.20M	131.50M	79.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	56.03M	35.03M	30.54M	22.01M
Net Income	-	-	34.86M	33.77M	41.53M	51.42M	82.13M	113.90M	211.13M	161.44M	173.37M	246.18M	-	213.82M	107.36M	108.17M	57.08M
Diluted EPS	2.76	0.55	1.60	1.31	1.21	1.58	2.65	3.57	6.47	4.96	5.45	7.69	-	6.36	3.18	3.19	1.64

Compounded Sales Growth

5 Years:	-0.65%
1 Year:	32.00%

Compounded Profit Growth

5 Years:	-35.61%
1 Year:	471.10%

Stock Price Performance

1 Year:	-23.15%
6 Months:	-19.62%
3 Months:	+12.25%
1 Month:	-0.17%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	485.62M	522.60M	1.69B	1.13B	2.01B	3.51B	3.05B	2.21B	2.78B	2.68B	4.65B	-	4.05B	4.05B	4.38B	5.06B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.30B	1.49B	1.74B	2.55B
Cash & Equivalents	6.81M	10.39M	33.28M	53.82M	65.03M	170.56M	113.35M	136.99M	118.76M	191.22M	90.06M	120.69M	321.10M	-	225.95M	328.70M	279.27M	299.31M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	202.25M	233.56M	335.88M	419.36M
Total Liabilities	-	-	360.98M	358.94M	1.34B	726.12M	1.58B	3.02B	2.44B	1.39B	1.87B	1.63B	3.45B	-	2.33B	2.31B	2.62B	3.31B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200.35M	113.55M	125.56M	128.22M
Long Term Debt	-	-	-	-	1.17B	548.23M	1.39B	-	-	-	-	-	-	-	1.24B	1.37B	1.55B	2.25B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.32B	1.47B	1.75B	2.47B
Total Equity	13.85M	69.81M	124.64M	163.65M	353.18M	402.84M	433.45M	487.90M	610.22M	809.42M	902.12M	1.04B	1.20B	-	1.69B	1.72B	1.75B	1.73B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32.40M	32.87M	33.19M	33.39M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-	-	-	-1.34B	759.46M	1.07B	64.08M	427.56M	-1.41B	-	1.58B	-518.00K	129.36M	-664.31M
Investing Cash Flow	-	-	-	-	-27.23M	-66.76M	97.17M	-552.24M	-79.70M	115.18M	-	-133.78M	126.87M	-38.13M	-77.34M
Financing Cash Flow	-	-	-	-	1.39B	-693.62M	-1.09B	321.83M	-331.64M	1.52B	-	-1.58B	6.77M	-154.73M	758.13M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-22.00M	-16.20M	-12.96M	-15.77M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	1.56B	-16.72M	116.40M	-680.08M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-134.90M	133.12M	-63.51M	16.48M
Share Buybacks	473.00K	741.00K	3.02M	37.59M	50.26M	12.89M	34.90M	68.83M	30.68M	45.77M	18.87M	42.37M	20.51M	12.38M	10.45M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	49.0%	44.7%	44.5%	42.3%
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	20.0%	13.0%	10.2%	8.7%
Net Margin %	-	-	-	-	-	-	-	221.0%	256.3%	168.7%	136.0%	195.9%	-	17.0%	10.2%	9.6%	4.6%
ROE %	-	-	21.3%	9.6%	10.3%	11.9%	16.8%	18.7%	26.1%	17.9%	16.7%	20.6%	-	12.7%	6.2%	6.2%	3.3%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	6.5%	3.5%	2.7%	2.2%

Shareholding Pattern

Insiders

4.03%

Institutions

85.12%

Public Float

88.69%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	14.95%	5.13M	$257.64M
2	Vanguard Portfolio Management LLC	5.94%	2.04M	$102.38M
3	State Street Corporation	4.51%	1.55M	$77.64M
4	Vanguard Capital Management LLC	4.30%	1.48M	$74.15M
5	Dimensional Fund Advisors LP	3.99%	1.37M	$68.72M
6	Alliancebernstein L.P.	3.95%	1.36M	$68.11M
7	T. Rowe Price Investment Management, Inc.	3.44%	1.18M	$59.30M
8	Janus Henderson Group PLC	3.30%	1.13M	$56.80M
9	Geode Capital Management, LLC	2.40%	824.65K	$41.39M
10	Deprince, Race & Zollo, Inc.	2.12%	728.46K	$36.56M

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