Walker & Dunlop, Inc. logo

Walker & Dunlop, Inc.

WD

NYSEFinancial ServicesFinancial - Mortgages

Previous close

$40.22

+$0.04 · +0.10%

Aug 21, 4:00 PM ET

WD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

73

Undervalued

Momentum

28

Weakening

Sentiment

73

Bullish

Risk resilience

42

Elevated Risk

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Company profile

Company website

Walker & Dunlop, Inc., operating through its subsidiaries, offers a comprehensive range of financial products and services tailored for real estate owners and developers throughout the United States. The company specializes in financing for multifamily and various other commercial real estate ventures. Their core offerings include a diverse portfolio of loan products such as first mortgages, second trust deeds, supplemental financing, construction loans, mezzanine debt, preferred equity, small-balance loans, and bridge/interim financing. They are particularly active in multifamily finance, supporting properties like manufactured housing communities, student housing, affordable housing, and senior housing, often leveraging Fannie Mae's DUS program. Additionally, they provide both construction and permanent loans for multifamily, affordable, senior living, and healthcare facilities. Beyond direct lending, Walker & Dunlop acts as a crucial conduit, connecting commercial real estate owners with a wide array of institutional capital providers. These sources include life insurance companies, investment banks, commercial banks, pension funds, CMBS conduits, and other institutional investors. In this intermediary role, the firm offers expertise in capital structure advisory, crafts bespoke financing packages, facilitates negotiations between parties, coordinates due diligence, and guides transactions through to completion. Further expanding its service array, the company also provides property sales brokerage, robust underwriting and risk management solutions, and comprehensive loan servicing and asset management. Established in 1937, Walker & Dunlop, Inc. is headquartered in Bethesda, Maryland.

Industry
Financial - Mortgages
Sector
Financial Services
Headquarters
US
CEO
William Mallory Walker
Listed since
Dec 15, 2010
Employees
1,466

Market position

Day range

Current $40.22

52-week range

Current $40.22

Open
$40.29
Previous close
$40.18
Volume
293.42K
0.87× average
Average volume
338.65K
Average daily volume
Market cap
1.38B USD
Beta
1.47
Market reference 1
50-day average
$48.876
-17.71% below average
200-day average
$54.5127
-26.22% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.96B USD
EV / EBITDA
10.35×
Earnings yield
2.85%
Free cash flow yield
-33.91%

Profitability & efficiency

Return on equity
3.29%
Return on assets
1.13%
Return on invested capital
7.80%

Financial health

Current ratio
0.32×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends67%44%22%-1%Gross margin, FY2021: 51.44%Gross margin, FY2022: 49.03%Gross margin, FY2023: 44.73%Gross margin, FY2024: 44.46%Gross margin, FY2025: 61.33%Operating margin, FY2021: 27.96%Operating margin, FY2022: 21.05%Operating margin, FY2023: 13.11%Operating margin, FY2024: 11.61%Operating margin, FY2025: 17.26%Net margin, FY2021: 21.11%Net margin, FY2022: 16.99%Net margin, FY2023: 10.18%Net margin, FY2024: 9.55%Net margin, FY2025: 4.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 51.44%. Gross margin FY2022 49.03%. Gross margin FY2023 44.73%. Gross margin FY2024 44.46%. Gross margin FY2025 61.33%. Operating margin FY2021 27.96%. Operating margin FY2022 21.05%. Operating margin FY2023 13.11%. Operating margin FY2024 11.61%. Operating margin FY2025 17.26%. Net margin FY2021 21.11%. Net margin FY2022 16.99%. Net margin FY2023 10.18%. Net margin FY2024 9.55%. Net margin FY2025 4.62%.

Income trends

Revenue

1.23B USD+8.99%

Operating income

213.07M USD+62.03%

Net income

57.08M USD-47.23%
Income trends across reported periods1.38B USD898.55M USD417.71M USD−63.13M USDRevenue, FY2021: 1.26B USDRevenue, FY2022: 1.26B USDRevenue, FY2023: 1.05B USDRevenue, FY2024: 1.13B USDRevenue, FY2025: 1.23B USDOperating income, FY2021: 352.06M USDOperating income, FY2022: 264.97M USDOperating income, FY2023: 138.2M USDOperating income, FY2024: 131.5M USDOperating income, FY2025: 213.07M USDNet income, FY2021: 265.76M USDNet income, FY2022: 213.82M USDNet income, FY2023: 107.36M USDNet income, FY2024: 108.17M USDNet income, FY2025: 57.08M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.26B USD. Revenue FY2022 1.26B USD. Revenue FY2023 1.05B USD. Revenue FY2024 1.13B USD. Revenue FY2025 1.23B USD. Operating income FY2021 352.06M USD. Operating income FY2022 264.97M USD. Operating income FY2023 138.2M USD. Operating income FY2024 131.5M USD. Operating income FY2025 213.07M USD. Net income FY2021 265.76M USD. Net income FY2022 213.82M USD. Net income FY2023 107.36M USD. Net income FY2024 108.17M USD. Net income FY2025 57.08M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.23B USD1.13B USD1.05B USD1.26B USD1.26B USD
Cost of goods sold477.36M USD628.93M USD582.77M USD641.6M USD611.47M USD
Gross profit756.94M USD503.56M USD471.67M USD617.15M USD647.71M USD
Selling, general, and administrative107.43M USD96.1M USD108.99M USD72.97M USD
Operating expenses543.88M USD372.06M USD333.48M USD352.19M USD295.65M USD
Interest expense5.49M USD7.98M USD
Depreciation and amortization238.68M USD237.55M USD226.75M USD235.03M USD210.28M USD
Operating income213.07M USD131.5M USD138.2M USD264.97M USD352.06M USD
Net income57.08M USD108.17M USD107.36M USD213.82M USD265.76M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
+34.10%
11 comparable reports
Latest EPS result
0.09
Estimate 0.9 · Miss by 90.03%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.440.980.510.05Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 1.34, estimate 1.18, surprise +13.56%, Beat. Q2 2025, reported May 1, 2025: actual 0.08, estimate 0.609, surprise -86.86%, Miss. Q3 2025, reported Aug 7, 2025: actual 1.15, estimate 1.29, surprise -10.85%, Miss. Q4 2025, reported Nov 6, 2025: actual 1.22, estimate 1.21, surprise +0.83%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.28, estimate 1.23, surprise -77.24%, Miss. Q2 2026, reported May 7, 2026: actual 0.46, estimate 0.06, surprise +666.67%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.09, estimate 0.903, surprise -90.03%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.633, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates357.41M312.81M268.22M223.62MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 341.45M USD, estimate 275.13M USD, surprise +24.10%, Beat. Q2 2025, reported May 1, 2025: actual 237.37M USD, estimate 250.98M USD, surprise -5.42%, Miss. Q3 2025, reported Aug 7, 2025: actual 296.33M USD, estimate 317.2M USD, surprise -6.58%, Miss. Q4 2025, reported Nov 6, 2025: actual 337.68M USD, estimate 343.66M USD, surprise -1.74%, Miss. Q1 2026, reported Feb 26, 2026: actual 340.02M USD, estimate 343.66M USD, surprise -1.06%, Miss. Q2 2026, reported May 7, 2026: actual 301.33M USD, estimate 269.07M USD, surprise +11.99%, Beat. Q3 2026, reported Aug 6, 2026: actual 306.69M USD, estimate 337.37M USD, surprise -9.09%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 341.77M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$69.00

71.56% upside
Past 12 months12-month forecastHigh $69.00Average $69.00Low $69.00

Rating distribution

16 ratings
Strong buy00%
Buy1063%
Hold638%
Sell00%
Strong sell00%

Recent analyst actions

4 institutions
CitizensmaintainMarket Outperform
JMP SecuritiesupgradeMarket PerformMarket Outperform

WD news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.68

2025 complete year+34.0% since 2021

2026 partial: $2.04

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 20, 2026

$0.68

Quarterly

Record Aug 20, 2026 · Payment Sep 3, 2026

Dividend

Ex-dividend May 21, 2026

$0.68

Quarterly

Record May 21, 2026 · Payment Jun 4, 2026

Dividend

Ex-dividend Mar 13, 2026

$0.68

Quarterly

Record Mar 13, 2026 · Payment Mar 27, 2026

Dividend

Ex-dividend Nov 21, 2025

$0.67

Quarterly

Record Nov 21, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Aug 21, 2025

$0.67

Quarterly

Record Aug 21, 2025 · Payment Sep 5, 2025

Dividend

Ex-dividend May 15, 2025

$0.67

Quarterly

Record May 15, 2025 · Payment May 29, 2025

WD peers

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