WD
Walker & Dunlop Inc
NYSE: WD · FINANCIAL SERVICES · MORTGAGE FINANCE
$50.97
-1.01% today
Updated 2026-04-29
Market cap
$1.75B
P/E ratio
31.08
P/S ratio
1.51x
EPS (TTM)
$1.64
Dividend yield
5.20%
52W range
$42 – $88
Volume
0.4M
Walker & Dunlop Inc (WD) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $49.17M | $88.76M | $121.83M | $152.35M | $256.77M | $319.04M | $360.77M | $468.20M | $575.28M | $711.86M | $725.25M | $817.22M | $1.08B | $1.26B | $1.26B | $1.05B | $1.13B | $1.23B |
| Revenue growth (YoY) | — | +80.5% | +37.3% | +25.0% | +68.5% | +24.3% | +13.1% | +29.8% | +22.9% | +23.7% | +1.9% | +12.7% | +32.6% | +16.2% | -0.0% | -16.2% | +7.4% | +9.0% |
| Cost of revenue | $32.46M | $45.56M | $43.79M | $51.98M | $110.69M | $137.41M | $159.69M | $194.51M | $237.34M | $299.02M | $307.43M | $360.53M | $477.37M | $611.47M | $641.60M | $582.77M | $628.93M | $477.36M |
| Gross profit | $49.17M | $88.76M | $78.04M | $100.36M | $146.08M | $181.63M | $201.09M | $273.69M | $337.93M | $412.83M | $417.81M | $456.69M | $606.34M | $647.71M | $617.15M | $471.67M | $503.56M | $756.94M |
| Gross margin | 100.0% | 100.0% | 64.1% | 65.9% | 56.9% | 56.9% | 55.7% | 58.5% | 58.7% | 58.0% | 57.6% | 55.9% | 56.0% | 51.4% | 49.0% | 44.7% | 44.5% | 61.3% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $17.01M | $32.18M | $7.54M | $10.02M | $26.46M | $26.19M | $24.00M | $27.44M | $30.04M | $34.02M | $42.50M | $50.76M | $50.88M | $60.44M | $94.15M | $83.95M | $94.89M | $107.17M |
| Operating income | $14.03M | $28.60M | $40.14M | $56.66M | $55.77M | $66.79M | $83.91M | $135.37M | $185.78M | $233.66M | $212.85M | $230.35M | $330.27M | $352.06M | $264.96M | $138.20M | $131.50M | $213.07M |
| Operating margin | 28.5% | 32.2% | 32.9% | 37.2% | 21.7% | 20.9% | 23.3% | 28.9% | 32.3% | 32.8% | 29.3% | 28.2% | 30.5% | 28.0% | 21.0% | 13.1% | 11.6% | 17.3% |
| EBITDA | $24.52M | $54.13M | $57.10M | $79.17M | $109.69M | $142.74M | $164.05M | $233.54M | $297.21M | $364.91M | $354.98M | $382.82M | $499.28M | $569.23M | $486.48M | $364.45M | $351.73M | $382.39M |
| EBITDA margin | 49.9% | 61.0% | 46.9% | 52.0% | 42.7% | 44.7% | 45.5% | 49.9% | 51.7% | 51.3% | 48.9% | 46.8% | 46.1% | 45.2% | 38.6% | 34.6% | 31.1% | 31.0% |
| EBIT | $16.71M | $41.21M | $40.14M | $56.66M | $55.77M | $66.79M | $83.91M | $135.37M | $185.78M | $233.66M | $212.85M | $230.35M | $330.27M | $358.95M | $251.45M | $137.70M | $114.18M | $143.71M |
| Interest expense | $2.68M | $1.68M | $1.33M | $823000.00 | $1.65M | $3.74M | $10.31M | $9.92M | $9.85M | $9.74M | $10.13M | $14.36M | $8.55M | $7.98M | $34.23M | $68.48M | $7.03M | $5.49M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $8.70M | $39.53M | $8.23M | $34.86M | $33.77M | $41.53M | $51.42M | $82.13M | $113.90M | $211.13M | $161.44M | $173.37M | $246.18M | $265.76M | $213.82M | $107.36M | $108.17M | $57.08M |
| Net income growth (YoY) | — | +354.3% | -79.2% | +323.8% | -3.1% | +23.0% | +23.8% | +59.7% | +38.7% | +85.4% | -23.5% | +7.4% | +42.0% | +8.0% | -19.5% | -49.8% | +0.8% | -47.2% |
| Profit margin | 17.7% | 44.5% | 6.8% | 22.9% | 13.2% | 13.0% | 14.3% | 17.5% | 19.8% | 29.7% | 22.3% | 21.2% | 22.7% | 21.1% | 17.0% | 10.2% | 9.6% | 4.6% |