WDNYSEFinance ServicesFiscal year ends December 31
Walker & Dunlop, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$31.67−0.99 (-3.03%)
Close on Oct 19, 2026
- Market cap
- $1.05B
- P/E (TTM)
- 28.3
- Dividend yield
- 8.46%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
4.6%−18.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +9.0% | -0.7% | +2.6% | +10.2% | |
| Net income | -48.0% | -35.9% | -25.6% | -3.7% | |
| EPS, diluted | -48.6% | -36.4% | -26.6% | -4.7% | |
| Dividend per share | +3.1% | +3.7% | +13.2% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 20.7% | 22.1% | 3.2% | |
| Return on assets | 3.5% | 6.7% | 1.2% | |
| Capex to revenue | 0.4% | 0.3% | 1.3% | |
| Diluted shares | 31M | 31M | 33M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Walker & Dunlop generated $3.25B from operations and spent $590.59M on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$3.25B
Used
$590.59M
Capital expenditure$76.14M13%Dividends$409.87M69%Share buybacks$104.59M18%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.6%
×Asset turnover0.26×
×Equity multiplier2.71×
=Return on equity, FY20253.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.6% | 0.26× | 2.71× | 3.2% |
| FY2024 | 9.6% | 0.27× | 2.43× | 6.2% |
| FY2023 | 10.2% | 0.26× | 2.37× | 6.3% |
| FY2022 | 17.0% | 0.27× | 2.86× | 13.2% |
| FY2021 | 21.1% | 0.26× | 3.59× | 19.4% |
| FY2020 | 22.7% | 0.30× | 3.28× | 22.1% |
| FY2019 | 21.2% | 0.30× | 2.82× | 17.9% |
| FY2018 | 22.3% | 0.29× | 2.92× | 18.9% |
| FY2017 | 29.7% | 0.27× | 3.71× | 29.7% |
| FY2016 | 19.8% | 0.18× | 5.98× | 20.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$56.25M
- Cash generatingOperating cash flow above zero-$664.31M
- Return on assets improvedROA up on the prior year2.7% → 1.3%
- Earnings backed by cashOperating cash flow above net income-$664.31M vs $56.25M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise33M → 33M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.28 → 0.28