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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$82M
$3M
0.0%
0.0%
0.2%
0.1%
$1.2B
—
$161M
Mar '26
$72M
$16M
0.0%
0.0%
0.9%
0.3%
-$1.1B
—
$193M
Dec '25
$108M
-$14M
0.0%
0.0%
-0.8%
-0.3%
$796M
—
$299M
Sep '25
$76M
$33M
0.0%
0.0%
1.9%
0.6%
-$950M
—
$275M
Jun '25
$78M
$34M
0.0%
0.0%
1.9%
0.7%
-$241M
—
$234M
Mar '25
$58M
$3M
0.0%
0.0%
0.2%
0.1%
-$285M
—
$181M
Dec '24
$80M
$45M
0.0%
0.0%
2.6%
1.0%
$527M
—
$279M
Sep '24
$64M
$29M
0.0%
0.0%
1.7%
0.6%
-$204M
—
$180M
Jun '24
$68M
$23M
0.0%
0.0%
1.3%
0.5%
-$242M
—
$208M
Mar '24
$52M
$12M
0.0%
0.0%
0.7%
0.3%
$35M
—
$217M
Dec '23
$67M
$32M
0.0%
0.0%
1.8%
0.8%
$330M
—
$329M
Sep '23
$62M
$21M
0.0%
0.0%
1.3%
0.5%
$544M
—
$236M
Jun '23
$66M
$28M
0.0%
0.0%
1.6%
0.6%
-$341M
—
$228M
Mar '23
$63M
$27M
0.0%
0.0%
1.6%
0.6%
-$549M
—
$188M
Dec '22
$96M
$41M
0.0%
0.0%
2.5%
1.0%
$2.0B
—
$226M
Sep '22
$99M
$47M
0.0%
0.0%
2.8%
0.8%
-$1.3B
—
$152M
Jun '22
$145M
$54M
0.0%
0.0%
3.3%
1.2%
-$118M
—
$151M
Mar '22
$89M
$71M
0.0%
0.0%
4.5%
1.6%
$960M
—
$141M
Dec '21
$160M
$80M
0.0%
0.0%
5.2%
1.5%
$1.1B
—
$306M
Sep '21
$91M
$72M
0.0%
0.0%
5.3%
1.4%
-$958M
—
$318M
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 21.5× (Nov '26).
The price-to-sales ratio has fallen from 6.1× (Mar '23) to 3.8× (Nov '26).
The dividend yield has risen from 3.1% (Mar '23) to 7.6% (Nov '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?
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.