Is Walker and Dunlop (WD) overvalued or fairly valued?

MarketChacha shows Walker and Dunlop's valuation in context — a trailing P/E of about 18.9, a forward P/E of about 8.2, a price-to-book of about 0.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Walker and Dunlop's revenue?

Walker and Dunlop reported revenue of $320.0M for FY2025, with net profit of $56.2M, per official filings.

What is the share price of Walker and Dunlop (WD)?

Walker and Dunlop last traded at $47.50 (-1.2% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Walker and Dunlop

WD · NYSE · Financials · United States

$47.50-1.2%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:25 PM

Snapshot

TickerWD

ExchangeNYSE

SectorFinancials

IndustryMortgage Finance

CountryUnited States

Employees1,466

HeadquartersBethesda, United States

Market cap$1.6B

P/E (TTM)18.9

P/B0.9

Volume171.55K

Websitewww.walkerdunlop.com

Filings tracked3

About Walker and Dunlop

Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, and small-balance loans. It also provides finance for multifamily, manufactured housing communities, student housing, affordable housing, small balance loans, and senior housing properties under the Fannie Mae's Delegated Underwriting and Servicing program and Freddie Mac; and construction and permanent loans to developers and owners of multifamily housing, affordable housing, senior housing, and healthcare facilities. In addition, the company acts as a debt broker to work with life insurance companies, banks, and other institutional investors to find debt and/or equity solution for the borrowers' needs; and offers property sales brokerage services to owners and developers of multifamily properties, and commercial real estate and multifamily property appraisals for various investors. Further, it provides multifamily appraisal and valuation services; and real estate-related investment banking and advisory services, including housing market research. Additionally, the company offers servicing and asset-managing the portfolio of loans; originates loans through its principal lending and investing activities; and manages third-party capital invested in tax credit equity funds focused on the LIHTC sector and other commercial real estate sectors. Walker & Dunlop, Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.

Profile as reported by Yahoo Finance.

Who owns it

Insiders4.0%
Institutions85.1%
Public & other10.9%

348 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.14.95%
Vanguard Portfolio Management LLC5.94%
State Street Corporation4.51%
Vanguard Capital Management LLC4.30%
Dimensional Fund Advisors LP3.99%
Alliancebernstein L.P.3.95%
T. Rowe Price Investment Management, Inc.3.44%
Janus Henderson Group PLC3.30%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Over 3 years only -1.97× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion-1.97×

Net margin trend41.6% → 17.6%

Margin has compressed by about 24.0 points over the period — profitability is trending down.

Return on equity3.2%

Latest ROE of 3.2% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 11% · PAT -28%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $365.1M · EPS 1.40

Est. earnings growth +14.8%

Next fiscal year

Rev $1.6B · EPS 5.83

Est. earnings growth +26.6%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$42.1252-wk range$90.00

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$1.6B

Day change

-1.2%

P/E (TTM)

18.9

Fwd P/E

8.2

P/B

0.9

Div yield

5.66%

Beta

1.47

Revenue (FY2025)

$320.0M

Net margin

17.6%

ROE

3.2%

Revenue CAGR (2y)

+11.3%

Profit CAGR (2y)

-27.6%

EPS (FY2025)

1.64

Net profit (FY2025)

$56.2M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about WD

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$320.0M	$56.2M	1.64	17.6%	3.2%
FY2024	$265.4M	$108.2M	3.19	40.8%	6.2%
FY2023	$258.2M	$107.4M	3.18	41.6%	6.2%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$71.5M	$15.9M	0.46	22.2%
2025Q3	$76.5M	$33.5M	0.98	43.7%
2025Q2	$77.7M	$34.0M	0.99	43.7%
2025Q1	$58.0M	$2.8M	0.08	4.8%
2024Q3	$64.4M	$28.8M	0.85	44.7%
2024Q2	$68.4M	$22.7M	0.67	33.1%
2024Q1	$52.4M	$11.9M	0.35	22.6%
2023Q3	$61.6M	$21.5M	0.64	34.8%
2023Q2	$66.3M	$27.6M	0.82	41.7%
2023Q1	$63.4M	$26.7M	0.79	42.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Shareholder vote results
SEC5/21/2026material
8-K — Results of operations, Exhibits
SEC5/7/2026material
10-Q filing
SEC5/7/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.