Valuation, from the filing
| Public float | $1.70B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $49.91 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 30.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
30.2× earnings today, against a median of 7.5× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $1.70B | 30.2× | |
| 2024-06-28 | $2.30B | 21.3× | |
| 2023-06-30 | $1.80B | 16.8× | |
| 2022-06-30 | $2.10B | 9.8× | |
| 2021-06-30 | $2.20B | 8.3× | |
| 2020-06-30 | $1.00B | 4.1× | |
| 2019-06-30 | $1.00B | 5.8× | |
| 2018-06-30 | $1.10B | 6.8× | |
| 2017-06-30 | $987.10M | 4.7× | |
| 2016-06-30 | $541.10M | 4.8× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Finance Services filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| SBC / revenue | 2.2% | 17th | |
| Net margin | 4.6% | 81th | |
| Effective tax rate | 27.9% | 73th | |
| Revenue YoY growth | 9.0% | 44th |
Walker & Dunlop, Inc. (WD) reported revenue of $1.29B and net income of $38.42M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Walker & Dunlop, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Finance Services.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | $1.29B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | Unavailable |
| Net income | $38.42M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $55.40M |
| Income tax expense | $14.33M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $160.86M |
| Total assets | $4.89B |
| Current assets | Unavailable |
| Total liabilities | $3.17B |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $1.72B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $476.85M |
| Goodwill | $868.71M |
| Long-term debt | Unavailable |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | -$119.18M |
| Capital expenditures | Unavailable |
| Investing cash flow | -$60.39M |
| Financing cash flow | $90.71M |
| Net change in cash | Unavailable |
| Stock-based compensation | Unavailable |
| Common dividends paid | $93.10M |
| Common share repurchases | $20.62M |
| Depreciation & amortization | $245.79M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | Unavailable |
| Operating margin | Unavailable |
| FCF margin | Unavailable |
| SBC / revenue | Unavailable |
| Current ratio | Unavailable |
| Revenue YoY growth | 8.0% |
| Net margin | 3.0% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | Unavailable |
| Effective tax rate | 25.9% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open WD in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.