15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 20.6% per year over the past 5 years.
Net income has grown slower than revenue (-25.6% vs 20.6% per year).
Financial health
Total debt has grown slower than revenue (9.2% vs 20.6% per year).
Shareholder returns
Dividends have been paid for 8 consecutive years, consuming 163.2% of earnings.
The dividend has grown 15.1% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$320M
$56M
0.0%
0.0%
-$680M
—
$299M
2024
$265M
$108M
0.0%
0.0%
$116M
—
$279M
2023
$258M
$107M
0.0%
0.0%
-$17M
—
$329M
2022
$430M
$214M
0.0%
0.0%
$1.6B
—
$226M
2021
$364M
$266M
0.0%
0.0%
$861M
—
$306M
2020
$126M
$246M
0.0%
0.0%
-$1.4B
—
$321M
2019
$127M
$173M
0.0%
0.0%
$423M
—
$121M
2018
$96M
$161M
0.0%
0.0%
$59M
—
$90M
2017
$82M
$211M
0.0%
0.0%
$1.1B
—
$191M
2016
$52M
$114M
0.0%
0.0%
$757M
—
$119M
2015
—
$82M
—
—
-$1.3B
—
$137M
2014
—
$51M
—
—
—
$1.4B
$113M
2013
—
$42M
—
—
—
$548M
$171M
2012
—
$34M
—
—
—
$1.2B
$65M
2011
—
$35M
—
—
—
—
$54M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$72M
$16M
0.0%
0.0%
-$1.1B
—
$193M
Dec '25
$108M
-$14M
0.0%
0.0%
$796M
—
$299M
Sep '25
$76M
$33M
0.0%
0.0%
-$950M
—
$275M
Jun '25
$78M
$34M
0.0%
0.0%
-$241M
—
$234M
Mar '25
$58M
$3M
0.0%
0.0%
-$285M
—
$181M
Dec '24
$80M
$45M
0.0%
0.0%
$527M
—
$279M
Sep '24
$64M
$29M
0.0%
0.0%
-$204M
—
$180M
Jun '24
$68M
$23M
0.0%
0.0%
-$242M
—
$208M
Mar '24
$52M
$12M
0.0%
0.0%
$35M
—
$217M
Dec '23
$67M
$32M
0.0%
0.0%
$330M
—
$329M
Sep '23
$62M
$21M
0.0%
0.0%
$544M
—
$236M
Jun '23
$66M
$28M
0.0%
0.0%
-$341M
—
$228M
Mar '23
$63M
$27M
0.0%
0.0%
-$549M
—
$188M
Dec '22
$96M
$41M
0.0%
0.0%
$2.0B
—
$226M
Sep '22
$99M
$47M
0.0%
0.0%
-$1.3B
—
$152M
Jun '22
$145M
$54M
0.0%
0.0%
-$118M
—
$151M
Mar '22
$89M
$71M
0.0%
0.0%
$960M
—
$141M
Dec '21
$160M
$80M
0.0%
0.0%
$1.1B
—
$306M
Sep '21
$91M
$72M
0.0%
0.0%
-$958M
—
$318M
Jun '21
$74M
$56M
0.0%
0.0%
-$558M
—
$327M
Valuation over time
How the market has priced WD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 12.2× (Mar '23) to 32.3× (Jun '26).
The price-to-sales ratio has fallen from 6.1× (Mar '23) to 5.7× (Jun '26).
The dividend yield has risen from 3.1% (Mar '23) to 5.0% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is WD growing its revenue and profit?
Over the past 5 years, Walker & Dunlop, Inc.'s revenue has grown 20.6% per year, and net income declined 25.6% per year. These are computed facts, not advice.
How much debt does WD have?
As of FY2025, Walker & Dunlop, Inc. reported — of total debt against $299M of cash.
What is WD's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 17.6%.
What is WD's P/E ratio?
As of Jun '26, Walker & Dunlop, Inc. traded at a price-to-earnings ratio of about 32.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.