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Walker & Dunlop, Inc.

NYSE•WD
CEO: Mr. William Mallory Walker
Sector: Financial Services
Industry: Financial - Mortgages
Listing Date: 2010-12-15
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. It 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, and senior housing properties under the Fannie Mae's DUS program; 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 lenders 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.
Contact Information
7272 Wisconsin Avenue, Suite 1300, Bethesda, MD, 20814, United States
301-215-5500
www.walkerdunlop.com
Market Cap
$1.53B
P/E (TTM)
26.3
2.3
Dividend Yield
6.0%
52W High
$90.00
52W Low
$42.12
52W Range
6%
Rank35Top 29.9%
4.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$340.02M+0.00%
4-Quarter Trend

EPS

-$0.36+0.00%
4-Quarter Trend

FCF

$796.10M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Transaction Volume Surges 37% Total transaction volume reached $54.8B, increasing 37% driven by debt financing growth of 38%.
Capital Markets Income Rises CM segment net income grew 35% to $89.8M, supported by 24% growth in origination fees.
Servicing Portfolio Expands Total serviced portfolio grew 6% to $144.0B, driven by increased Agency loan deliveries in 2025.
Net Income Declines 48% Consolidated net income fell to $56.2M in 2025, impacted by lower MSR income and higher expenses.

Risk Factors

Fannie Mae Risk-Sharing Exposure Potential material adverse effect from defaults on at-risk portfolio, currently $68.6B UPB subject to loss sharing.
GSE Relationship Instability Changes to Fannie Mae/Freddie Mac conservatorship or structure could substantially reduce loan origination volume.
Warehouse Funding Facility Risk Failure to meet covenants or termination of warehouse facilities could prevent originating new Agency loans.
Cybersecurity Incident Risk Successful cyberattack could materially impact operations, result in data loss, and cause significant reputational harm.

Outlook

Growth Strategy Continuation Committed to growth strategy, moderating pace after missing 2025 revenue and volume milestones.
Dividend Payments Expected Expect to make regular quarterly dividend payments; 2026 Q1 dividend declared at $0.68 per share.
Expanding Appraisal Platform Intend to continue expansion supporting growth strategy for small-balance lending and Apprise platform.
Global Capital Markets Expansion Expanding Capital Markets segment globally, evidenced by opening new office location in London.

Peer Comparison

Revenue (TTM)

KMPR stock ticker logoKMPR
$4.79B
+3.4%
BFH stock ticker logoBFH
$4.70B
-2.1%
ENVA stock ticker logoENVA
$3.15B
+18.6%

Gross Margin (Latest Quarter)

NMIH stock ticker logoNMIH
88.3%
-4.1pp
BFH stock ticker logoBFH
83.0%
+39.1pp
WSBC stock ticker logoWSBC
69.4%
+4.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ENVA$3.42B11.024.4%70.5%
BFH$3.25B6.216.1%19.4%
BKU$3.20B12.19.0%5.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.7%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Deep Research

Next earnings:Apr 29, 2026
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EPS:-
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News
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LTM
No Data