We are a leading commercial real estate (i) services, (ii) finance, and (iii) technology company in the United States. Through investments in people, brand, and technology, we have built a diversified suite of commercial real estate services to meet the needs of our customers. Our services include (i) multifamily lending, property sales, appraisal, valuation, and research, (ii) commercial real estate debt brokerage and advisory services, (iii) investment management, and (iv) affordable housing lending, property sales, tax credit syndication, development, and investment. We leverage our technological resources and investments to (i) provide an enhanced experience for our customers, (ii) identify refinancing and other financial and investment opportunities for new and existing customers, and (iii) drive efficiencies in our internal processes.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Certain loan origination fees | — | — | $71M | $100M | $126M | 36% |
Property sales broker fees | $120M | $121M | $54M | $61M | $84M | 24% |
Investment banking revenues, appraisal revenues, subscription revenues, syndication fees, and other revenues | — | — | $87M | $68M | $76M | 22% |
Investment management fees | $26M | $72M | $45M | $37M | $35M | 10% |
Asset Management Fees | — | $61M | $37M | $22M | $26M | 8% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.2B | 1.1B | 1.1B | 1.3B | 1.3B |
| Net Income | 55M | 55M | 106M | 105M | 208M | 257M |
| EPS | $1.64 | $1.64 | $3.19 | $3.18 | $6.36 | $8.15 |
| Free Cash Flow | -680M | -680M | 116M | -17M | 1.6B | 861M |
| ROIC | 2.5% | 2.2% | 4.5% | 4.5% | 9.4% | 8.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.47 | 0.47 | 0.79 | 0.71 | 0.65 | 1.66 |
| Dividends/Share | $2.74 | $2.68 | $2.60 | $2.52 | $2.40 | $2.00 |
| Operating Income | 79M | 79M | 132M | 138M | 265M | 352M |
| Operating Margin | 6.4% | 6.4% | 11.6% | 13.1% | 21.0% | 28.0% |
| ROE | 3.2% | 3.2% | 6.1% | 6.1% | 12.8% | 18.7% |
| Shares Outstanding | 33M | 33M | 33M | 33M | 33M | 32M |
Walker & Dunlop, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Walker & Dunlop, Inc. trades at 29.4x trailing earnings, compared to its 15-year median P/E of 10.7x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 5.9%. Total shareholder yield (dividends + buybacks) is 6.3%. At current prices, the estimated annualized return to fair value is +3.9%.
Walker & Dunlop, Inc. (WD) has a current P/E ratio of 29.4, compared to its historical median P/E of 10.7. The stock is currently considered Expensive based on its historical valuation range.
Walker & Dunlop, Inc. (WD) has a 5-year average return on invested capital (ROIC) of 5.9%. This is below average and may indicate limited pricing power.
Walker & Dunlop, Inc. (WD) has a market capitalization of $1.6B. It is classified as a small-cap stock.
Yes, Walker & Dunlop, Inc. (WD) pays a dividend with a trailing twelve-month yield of 5.69%. The company also returns capital through share buybacks, with a buyback yield of 0.65%.
Based on historical P/E analysis, Walker & Dunlop, Inc. (WD) appears expensive. The current P/E of 29.4 is 175% above its historical median of 10.7. The estimated fair value CAGR (P/E method) is -12.8%.
Walker & Dunlop, Inc. (WD) operates in the Finance Services industry, within the Financials sector.
Walker & Dunlop, Inc. (WD) reported annual revenue of $1.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Walker & Dunlop, Inc. (WD) has a net profit margin of 4.4%. This is a modest margin.
Walker & Dunlop, Inc. (WD) generated $-680 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Walker & Dunlop, Inc. (WD) has a debt-to-equity ratio of 0.47. This indicates a conservatively financed balance sheet.
Walker & Dunlop, Inc. (WD) reported earnings per share (EPS) of $1.64 in its most recent fiscal year.
Walker & Dunlop, Inc. (WD) has a return on equity (ROE) of 3.2%. This indicates moderate shareholder returns.
The Ledger Terminal provides 16 years of financial data for Walker & Dunlop, Inc. (WD), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Walker & Dunlop, Inc. (WD) has a book value per share of $51.84, based on its most recent annual SEC filing.