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WD Financials Walker & Dunlop, Inc.

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
$0 $215M $430M 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 128% 256% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 13% 26% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$1B $73M $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $695M $1B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B -$560000 $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $320M $56M 0.0% 0.0% 3.2% 1.1% -$680M — $299M
2024 $265M $108M 0.0% 0.0% 6.2% 2.5% $116M — $279M
2023 $258M $107M 0.0% 0.0% 6.2% 2.6% -$17M — $329M
2022 $430M $214M 0.0% 0.0% 12.7% 5.3% $1.6B — $226M
2021 $364M $266M 0.0% 0.0% 17.1% 5.1% $861M — $306M
2020 $126M $246M 0.0% 0.0% 20.6% 5.3% -$1.4B — $321M
2019 $127M $173M 0.0% 0.0% 16.7% 6.5% $423M — $121M
2018 $96M $161M 0.0% 0.0% 17.9% 5.8% $59M — $90M
2017 $82M $211M 0.0% 0.0% 26.1% 9.6% $1.1B — $191M
2016 $52M $114M 0.0% 0.0% 18.7% 3.7% $757M — $119M
2015 — $82M — — 16.8% 2.3% -$1.3B — $137M
2014 — $51M — — 11.9% 2.6% — $1.4B $113M
2013 — $42M — — 10.3% 3.7% — $548M $171M
2012 — $34M — — 9.6% 2.0% — $1.2B $65M
2011 — $35M — — 21.3% 6.7% — — $54M

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.

Price / earnings (P/E)
0.0 19.2 38.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 7.5 15.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 3.8 7.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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?

Walker & Dunlop, Inc.'s P/E (TTM) is 31.45 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the WD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.5× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.