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Walker & Dunlop, Inc.

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
$2.23B
P/E (TTM)
19.0
2.9
Dividend Yield
4.1%
52W High
$97.70
52W Low
$58.60
52W Range
17%
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

Q3 2025 Data

Revenue

$337.68M+15.52%
4-Quarter Trend

EPS

$0.98+15.29%
4-Quarter Trend

FCF

-$950.43M+365.95%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Consolidated Revenue Growth Total revenues reached $894.28M for nine months, marking a 13% increase over the prior period.
Net Income Rises Walker & Dunlop net income totaled $70.16M for nine months, reflecting 11% growth compared to 2024.
Strong EPS Performance Diluted EPS reached $2.05 for the nine months ended September 30, 2025, up from $1.87.
Total Assets Growth Total assets grew to $5.80B by September 30, 2025, up from $4.38B at December 31, 2024.

Risk Factors

MSR Fair Value Sensitivity 100 basis point discount rate shift causes $40.6M decrease in Mortgage Servicing Rights fair value.
Contingent Consideration Liability Level 3 contingent consideration liabilities stand at $19.28M, requiring subjective Monte Carlo valuation.
Corporate Segment Operating Loss Corporate segment recorded $42.89M operating loss for the three months ended September 30, 2025.
Warehouse Funding Reliance Ability to originate loans depends on maintaining acceptable terms for $6.05B warehouse facility capacity.

Outlook

Capital Markets Transaction Growth CM segment transaction volumes increased 34% for the three months, driven by Agency lending activity.
Investment Management Growth SAM expects investment management revenues to grow as capital is raised and deployed across funds.
Liquidity Sufficiency Confirmed Cash flows from operating activities expected to remain sufficient to meet all current obligations for foreseeable future.
Warehouse Facility Extensions Multiple Agency Warehouse Facility maturity dates extended into 2026 to support ongoing loan origination needs.

Peer Comparison

Revenue (TTM)

Bread Financial Holdings, Inc.BFH
$4.68B
-4.4%
Kemper CorporationKMPR
$3.72B
-19.8%
Enova International, Inc.ENVA
$3.04B
+21.1%

Gross Margin (Latest Quarter)

Simmons First National CorporationSFNC
131.1%
+85.3pp
NMI Holdings, Inc.NMIH
89.5%
-10.5pp
WesBanco, Inc.WSBC
66.8%
+7.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ENVA$3.89B13.423.9%69.4%
BKU$3.54B13.29.0%6.8%
BFH$3.37B7.315.0%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.4%
Flat Growth
4Q Net Income CAGR
-9.3%
Declining Profitability
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 12, 2026
|
EPS:$1.31
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $337.68M+15.5%
    |
    EPS: $0.98+15.3%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $319.24M+17.9%
    |
    EPS: $0.99+47.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $237.37M+4.1%
    |
    EPS: $0.08-77.1%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $1.13B+7.4%
    |
    EPS: $3.19-0.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $292.30M+8.8%
    |
    EPS: $0.85+32.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $270.68M-0.7%
    |
    EPS: $0.67-18.3%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $228.06M-4.5%
    |
    EPS: $0.35-56.3%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $1.05B-16.2%
    |
    EPS: $3.20-50.2%
    Beat