Reading the tape
NYSE: WD
Walker & Dunlop, Inc.
Financial Services · Financial - Mortgages
Market Cap
$1.75B
52w High
$90.00
52w Low
$42.12
P/E
29.76
Volume
223.14K
Outstanding Shares
34.31M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -29.92%Revenue (TTM): 8.99%FCF (TTM): -684.27%P/E: 85th pct
What changed
The stock fell 29.92% over the last year. Revenue grew 8.99% over the trailing twelve months. Operating margin moved from 11.61% to 11.13%. Free cash flow declined 684.27% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 11.13%. A decisive move in revenue — currently up 8.99% — would be the clearest signal to resolve the ambiguity.
Company profile
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.
CEOWilliam Mallory Walker
SectorFinancial Services
IndustryFinancial - Mortgages
Employees1,394
IPO dateDec 15, 2010
Valuation
Forward P/E—
EV/EBITDA10.35
Enterprise value$3.96B
Price / Book1.01
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth-0.42%
Gross margin58.5%▲37.92%vs FY2024
Operating margin11.13%▲48.66%vs FY2024
ROE3.29%▼46.84%vs FY2024
Analyst consensus
RatingBuy
Target price$72.00▲41.57%
9
Buy
6
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.06 · Revenue est $269.07M
View
Dividends
$2.69/shareQuarterly7yr growth streakAt RiskWD pays a dividend with a 5.29% dividend yield, 7 consecutive years of growth, growing at 11.23% annually, covered -7.4× by free cash flow.
Dividend Yield
5.29%
Annual Div / Share
$2.69
5yr CAGR
+11.23%
Doubles every ~6.5yr
Payout Ratio
161.1%
At Risk
Dividend Growth Rate
3yr CAGR
+3.45%
5yr CAGR
+11.23%
Dividend Safety
1/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.69+2.7%
2024$2.62+3.1%
2023$2.54+4.5%
2022$2.43+15.7%
2021$2.10+32.9%
2020$1.58+25.4%
2019$1.26+20.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$53/yr
$4/mo
In 5 yrs
$90/yr+70%
$8/mo
In 10 yrs
$153/yr+190%
$13/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$53/yr $4/mo | $90/yr+70% $8/mo | $153/yr+190% $13/mo |
Yield-on-cost grows from 5.29% → 15.33% over 10yr
Analysis
Dividend Strengths
Strong dividend growth rate
The 5-year CAGR of 11.23% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
High payout ratio
With 161.1% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only -7.41× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.