(WD) Walker & Dunlop - Overview

Sector: Financial Services | Industry: Mortgage Finance | Exchange: NYSE (USA) | Market Cap: 1.565m USD | Total Return: -31% in 12m

Real Estate Finance, Loan Servicing, Brokerage, Advisory Services
Total Rating 14
Safety 58
Buy Signal 0.14
Mortgage Finance
Industry Rotation: +25.2
Market Cap: 1.56B
Avg Turnover: 13.5M USD
ATR: 3.79%
Peers RS (IBD): 4.2
Risk 5d forecast
Volatility34.1%
Rel. Tail Risk-9.38%
Reward TTM
Sharpe Ratio-0.85
Alpha-62.19
Character TTM
Beta0.976
Beta Downside0.762
Drawdowns 3y
Max DD60.82%
CAGR/Max DD-0.13
EPS (Earnings per Share) EPS (Earnings per Share) of WD over the last years for every Quarter: "2021-03": 1.79, "2021-06": 1.73, "2021-09": 2.21, "2021-12": 2.42, "2022-03": 2.12, "2022-06": 1.61, "2022-09": 1.4, "2022-12": 1.24, "2023-03": 0.79, "2023-06": 0.82, "2023-09": 1.11, "2023-12": 0.93, "2024-03": 0.35, "2024-06": 0.67, "2024-09": 1.19, "2024-12": 1.34, "2025-03": 0.85, "2025-06": 1.15, "2025-09": 1.22, "2025-12": 0.28,
EPS CAGR: -41.72%
EPS Trend: -48.7%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of WD over the last years for every Quarter: 2021-03: 224.288, 2021-06: 281.411, 2021-09: 346.29, 2021-12: 407.189, 2022-03: 319.444, 2022-06: 340.848, 2022-09: 315.611, 2022-12: 282.85, 2023-03: 238.746, 2023-06: 272.615, 2023-09: 268.743, 2023-12: 274.336, 2024-03: 228.059, 2024-06: 270.676, 2024-09: 292.304, 2024-12: 341.451, 2025-03: 237.367, 2025-06: 319.24, 2025-09: 337.675, 2025-12: 340.024,
Rev. CAGR: 1.68%
Rev. Trend: 10.2%
Last SUE: -0.18
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: WD Walker & Dunlop

Walker & Dunlop, Inc. (WD) is a commercial real estate finance company operating in the United States. It originates, sells, and services various financing products for real estate owners and developers.

The companys business model spans three segments: Capital Markets, Servicing & Asset Management, and Corporate. Capital Markets involves loan origination and brokerage, connecting borrowers with institutional lenders. Servicing & Asset Management focuses on managing loan portfolios and third-party capital, including investments in the Low-Income Housing Tax Credit (LIHTC) sector. Real estate finance is a cyclical industry, sensitive to interest rate changes and economic conditions.

WD offers a diverse range of loan products, including first mortgage, construction, and mezzanine loans. It finances various property types such as multifamily, student housing, and affordable housing, often leveraging programs like Fannie Maes DUS. The company also provides property sales brokerage, appraisal, and investment banking services.

For a deeper analysis of WDs financial performance and market position, consider exploring its profile on ValueRay.

Headlines to Watch Out For
  • Interest rate fluctuations impact loan origination volume
  • Multifamily property values affect loan demand
  • Government-sponsored enterprise lending programs drive revenue
  • Commercial real estate market health influences transaction volume
Piotroski VR‑10 (Strict) 2.0
Net Income: 57.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.13 > 0.02 and ΔFCF/TA -16.10 > 1.0
NWC/Revenue: -124.0% < 20% (prev 150.9%; Δ -274.9% < -1%)
CFO/TA -0.13 > 3% & CFO -664.3m > Net Income 57.0m
Net Debt (1.95b) to EBITDA (350.0m): 5.57 < 3
Current Ratio: 0.32 > 1.5 & < 3
Outstanding Shares: last quarter (33.4m) vs 12m ago 0.44% < -2%
Gross Margin: 58.50% > 18% (prev 0.44%; Δ 5.81k% > 0.5%)
Asset Turnover: 26.15% > 50% (prev 25.84%; Δ 0.30% > 0%)
Interest Coverage Ratio: 2.66 > 6 (EBITDA TTM 350.0m / Interest Expense TTM 41.9m)
Altman Z'' -0.59
A: -0.30 (Total Current Assets 718.7m - Total Current Liabilities 2.25b) / Total Assets 5.06b
B: 0.25 (Retained Earnings 1.28b / Total Assets 5.06b)
C: 0.02 (EBIT TTM 111.3m / Avg Total Assets 4.72b)
D: 0.39 (Book Value of Equity 1.28b / Total Liabilities 3.31b)
Altman-Z'' Score: -0.59 = B
Beneish M -3.31
DSRI: 0.33 (Receivables 419.4m/1.15b, Revenue 1.23b/1.13b)
GMI: 0.76 (GM 58.50% / 44.46%)
AQI: 1.45 (AQ_t 0.83 / AQ_t-1 0.57)
SGI: 1.09 (Revenue 1.23b / 1.13b)
TATA: 0.14 (NI 57.0m - CFO -664.3m) / TA 5.06b)
Beneish M-Score: -3.31 (Cap -4..+1) = AA
What is the price of WD shares? As of April 17, 2026, the stock is trading at USD 48.99 with a total of 222,270 shares traded.
Over the past week, the price has changed by +8.22%, over one month by +7.77%, over three months by -24.58% and over the past year by -30.96%.
Is WD a buy, sell or hold? Walker & Dunlop has received a consensus analysts rating of 3.40. Therefor, it is recommend to hold WD.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 4
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the WD price?
Analysts Target Price 67.5 37.8%
Walker & Dunlop (WD) - Fundamental Data Overview as of 11 April 2026
P/E Trailing = 27.811
P/E Forward = 10.989
P/S = 1.3491
P/B = 0.8729
P/EG = 1.0942
Revenue TTM = 1.23b USD
EBIT TTM = 111.3m USD
EBITDA TTM = 350.0m USD
Long Term Debt = 2.25b USD (from longTermDebt, last quarter)
Short Term Debt = 2.25b USD (from shortTermDebt, last quarter)
Debt = 2.25b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.95b USD (from netDebt column, last quarter)
Enterprise Value = 3.52b USD (1.56b + Debt 2.25b - CCE 299.3m)
Interest Coverage Ratio = 2.66 (Ebit TTM 111.3m / Interest Expense TTM 41.9m)
EV/FCF = -5.17x (Enterprise Value 3.52b / FCF TTM -680.1m)
FCF Yield = -19.35% (FCF TTM -680.1m / Enterprise Value 3.52b)
FCF Margin = -55.10% (FCF TTM -680.1m / Revenue TTM 1.23b)
Net Margin = 4.62% (Net Income TTM 57.0m / Revenue TTM 1.23b)
Gross Margin = 58.50% ((Revenue TTM 1.23b - Cost of Revenue TTM 512.2m) / Revenue TTM)
Gross Margin QoQ = 63.48% (prev 42.59%)
Tobins Q-Ratio = 0.69 (Enterprise Value 3.52b / Total Assets 5.06b)
Interest Expense / Debt = 0.97% (Interest Expense 21.8m / Debt 2.25b)
Taxrate = 27.87% (22.0m / 79.0m)
NOPAT = 80.3m (EBIT 111.3m * (1 - 27.87%))
Current Ratio = 0.32 (Total Current Assets 718.7m / Total Current Liabilities 2.25b)
Debt / Equity = 1.30 (Debt 2.25b / totalStockholderEquity, last quarter 1.74b)
Debt / EBITDA = 5.57 (Net Debt 1.95b / EBITDA 350.0m)
 Debt / FCF = -2.87 (negative FCF - burning cash) (Net Debt 1.95b / FCF TTM -680.1m)
 Total Stockholder Equity = 1.75b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.21% (Net Income 57.0m / Total Assets 5.06b)
RoE = 3.26% (Net Income TTM 57.0m / Total Stockholder Equity 1.75b)
RoCE = 2.79% (EBIT 111.3m / Capital Employed (Equity 1.75b + L.T.Debt 2.25b))
RoIC = 1.99% (NOPAT 80.3m / Invested Capital 4.02b)
WACC = 4.25% (E(1.56b)/V(3.81b) * Re(9.35%) + D(2.25b)/V(3.81b) * Rd(0.97%) * (1-Tc(0.28)))
Discount Rate = 9.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.65%
 [DCF] Fair Price = unknown (Cash Flow -680.1m)
 EPS Correlation: -48.74 | EPS CAGR: -41.72% | SUE: -4.0 | # QB: 0
Revenue Correlation: 10.22 | Revenue CAGR: 1.68% | SUE: -0.18 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.18 | Chg7d=-0.165 | Chg30d=-0.140 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=4.77 | Chg7d=-0.270 | Chg30d=-0.287 | Revisions Net=+0 | Growth EPS=+36.3% | Growth Revenue=+8.8%
EPS next Year (2027-12-31): EPS=5.47 | Chg7d=-0.453 | Chg30d=-0.480 | Revisions Net=+1 | Growth EPS=+14.7% | Growth Revenue=+12.6%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.8% (Discount Rate 9.3% - Earnings Yield 3.6%)
[Growth] Growth Spread = -0.3% (Analyst 5.5% - Implied 5.8%)
External Resources
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