ES
MARKETS / NYSE / WD
NYSE · FINANCE SERVICES · LARGE CAP

Walker & Dunlop, Inc. WD

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY7 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$320.0M
▲ 20.6% vs FY2024
Dividend streak
7 yrs
Raised every year since 2019
EPS · FY25
$1.64
Dividend / sh · FY25
$2.68
Payout · FY25
163%
ROE · FY25
3.2%
Net margin · FY25
17.6%
Dividend coverage
0.6×
Advertisement
AdSense · Leaderboard 728×90320×100
Result
USD 320.0M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.20.40.60.30.12009201220152018202120242025
0.20.40.60.30.12016201920222025

18 cents of every revenue dollar became profit this year.

Per share
USD 1.64
Diluted EPS, FY2025
EPS Dividend
48122.681.642009201220152018202120242025
48122.681.642016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
3.2%
Return on equity, FY2025
ROE
2040603.2%2009201220152018202120242025
2040603.2%2016201920222025
Operating margin24.7%
Net margin17.6%
Return on assets1.2%

Each USD of equity produced 3 cents of profit this year.

Returned to shareholders
USD 102.3M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 91.8M
Net buybacksUSD 10.5M
Share of profit181.8%
Consecutive raises7 years

USD 91.8M in dividends and USD 10.5M in buybacks — 182% of the year's profit, so the payout drew on cash built up earlier.

Growth
+20.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−9.4%
+20.6%
−3.7%
+6.6%
Net income
−35.9%
−25.6%
−3.7%
+13.7%
EPS, diluted
−36.4%
−26.6%
−4.7%
Dividend / share
+3.7%
+13.2%
Returned to shareholders
−5.7%
+5.8%
+9.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.03B
Shares outstanding, FY2025
0.020.032009201220152018202120242025
0.030.032016201920222025
Change, 5 years+8.8%
Change, 10 years+13.3%

The share count grew 9% in five years — the same company, cut into more, smaller slices.

Advertisement
AdSense · Leaderboard 728×90300×250
Balance sheet
USD 5.1B
total assets, end of FY2025
Total assetsUSD 5.1B
EquityUSD 1.7B
CashUSD 299.3M
Gross debtUSD 829.2M
Net debtUSD 529.9M

Net debt stands at 31% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.3
0.3
0.3
0.4
0.4
0.1
0.1
0.1
0.1
0.1
0.5
0.4
0.3
0.3
0.2
0.1
0.1
Operating income $B
0.1
0.1
0.1
0.3
0.4
0.3
0.2
·
·
·
·
·
·
·
0.1
0.0
0.0
EBITDA $B
0.3
0.4
0.4
0.5
0.6
0.5
0.4
·
·
·
·
·
·
·
0.1
0.1
0.0
Income tax $B
0.0
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
·
Net income $B
0.1
0.1
0.1
0.2
0.3
0.2
0.2
0.2
0.2
0.1
0.1
0.1
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
1.64
3.19
3.18
6.36
8.15
7.69
5.45
4.96
6.47
3.57
2.65
1.58
1.21
1.31
1.60
0.55
2.76
Dividend / sh $
2.68
2.60
2.52
2.40
2.00
1.44
1.20
1.00
·
·
·
·
·
·
·
·
·
Payout %
163
82
79
37
24
18
21
19
·
·
·
·
·
·
·
·
·
ROE %
3.2
6.2
6.3
13.2
19.4
22.1
17.9
18.9
29.7
20.7
17.8
12.3
11.0
13.1
24.2
8.5
56.6
Shares out B
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.02
0.02
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
33 of 33
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed