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Commercial real estate finance company originating and servicing multifamily and commercial mortgage loans.
Commercial real estate finance company originating and servicing multifamily and commercial mortgage loans.
Originates loans and sells most agency loans to Fannie Mae, Freddie Mac or into Ginnie Mae securities while keeping the right to service them, so a recurring servicing fee builds on a large portfolio while origination fees swing with deal volume and interest rates. The 2021 purchase of Alliant, an affordable-housing tax-credit investment manager, widened it beyond lending.
Moat: narrow (scale, regulatory licence, distribution). Approved-lender status with Fannie Mae/Freddie Mac/HUD is a licensed, limited-competitor advantage.
Headquarters: Bethesda, Maryland, US · Founded: 1937 · Employees: 1,466
Size Walker & Dunlop (WD) is a United States Financials company (Finance/Rental/Leasing) with a market value of $1.34B, the 2067th largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.05 on 6 Nov 2026.
Performance Over six months the shares fell 28.5%, against +2.1% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 9.2% over the last twelve months (peer median +2.9%); the operating margin is 15.2% (peer median 14.2%).
Valuation It trades at 0.76× book value against a peer median of 1.31× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 10.0%; Walker & Dunlop delivers 2.2%, so the price asks more than the business earns today.
Short interest Short interest is 6.8% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.27B | $1.27B | $1.15B | $1.10B | $1.29B |
| Revenue growth | — | +10% | +4% | -15% | — |
| Gross profit | $951M | $1.03B | $913M | $875M | $1.06B |
| EBITDA | $468M | $523M | $479M | $473M | $573M |
| Net income | $37.4M | $54.9M | $106M | $105M | $208M |
| Free cash flow | -$131M | -$680M | $116M | -$16.7M | $1.56B |
| Capital expenditure | $12.1M | $15.8M | $13.0M | $16.2M | $22.0M |
| Total debt | $2.38B | $2.69B | $1.93B | $1.61B | $1.57B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Walker & Dunlop WD | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% |
| CBRE CBRE | $39.1B | -7% | +14% | 16% | 4.51× | 39.3% |
| Jones Lang LaSalle JLL | $16.9B | +12% | +11% | 15% | 2.21× | 21.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.6% | +1.7% | 7th highest of 21 |
| 6-month return | -28.5% | +2.1% | 2nd lowest of 21 |
| Return on equity | 2.2% | 8.5% | 4th lowest of 21 |
| Price / book | 0.76× | 1.31× | 3rd cheapest of 21 |
| Trailing P/E | 34.8× | 13.6× | most expensive of 18 |
| ROE the price implies | 10.0% | 12.4% | 10th least demanding of 21 |
| ROE delivered | 2.2% | 9.3% | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Walker & Dunlop WD | United States | $1.34B | -28% | +9% | 2% | 0.76× | 10.0% | 2.2% |
| Zhejiang Haikong Nanke Huatie Digital Technology 603300.SS | China | $1.34B | -31% | +12% | 5% | 1.29× | 9.8% | 5.3% |
| Five-Star Business Finance FIVESTAR.NS | India | $1.33B | -10% | +9% | 15% | 1.59× | 22.3% | 15.2% |
| Taiwan Acceptance 9941.TW | Taiwan | $1.31B | -6% | -3% | 12% | 1.10× | 3.8% | 12.2% |
| Haitong Unitrust International Financial Leasing 1905.HK | Hong Kong | $1.38B | +57% | -20% | 6% | 0.52× | 4.2% | 6.5% |
| Atlanticus ATLC | United States | $1.38B | +8% | +84% | 23% | 1.97× | 24.5% | 22.9% |
| Duskin 4665.T | Japan | $1.40B | +20% | +3% | 7% | 1.43× | 5.4% | 6.7% |
| Zigup ZIG.L | United Kingdom | $1.41B | +14% | +3% | 7% | 0.96× | 12.8% | 7.1% |
| Upbound UPBD | United States | $1.41B | +29% | +3% | 16% | 1.88× | 23.5% | 15.5% |
| Altus AIF.TO | Canada | $1.26B | +15% | -7% | -2% | 5.50× | 28.5% | -2.2% |
| Kanamoto 9678.T | Japan | $1.23B | +17% | +2% | 9% | 1.20× | 6.4% | 9.3% |
| PROG PRG | United States | $1.47B | +4% | +10% | 17% | 1.82× | 23.0% | 17.3% |
| Genertec Universal Medical 2666.HK | Hong Kong | $1.21B | -19% | 0% | 12% | 0.41× | 5.1% | 11.6% |
| Home First Finance Company India HOMEFIRST.NS | India | $1.21B | -10% | +19% | 14% | 2.45× | 31.6% | 14.3% |
| Ricoh Leasing Company,Ltd 8566.T | Japan | $1.20B | 0% | +4% | 5% | 0.77× | 4.3% | 5.3% |
| LOTTE rental 089860.KS | South Korea | $1.56B | +74% | +4% | 8% | 1.34× | 6.3% | 7.7% |
| Sammaan Capital SAMMAANCAP.NS | India | $1.61B | -13% | -60% | -35% | 0.80× | 14.2% | n/a |
| Metro Bank MTRO.L | United Kingdom | $1.63B | +22% | +1% | 4% | 0.94× | 12.1% | 4.3% |
| Hotai Finance 6592.TW | Taiwan | $1.08B | -6% | -9% | 10% | 0.92× | 3.4% | 9.7% |
| SBFC Finance SBFC.NS | India | $1.08B | -5% | +28% | 14% | 2.52× | 31.2% | 13.6% |
| Greatoo Intelligent Equipment 002031.SZ | China | $1.68B | -11% | -20% | -13% | 6.07× | 54.9% | -13.5% |