Walker & Dunlop, Inc. key statistics and ratios
In fiscal 2025, Walker & Dunlop, Inc. had return on equity of 3.2% and a net margin of 4.6%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 44.5% | 6.8% | 22.9% | 13.2% | 13.0% | 14.3% | 17.5% | 19.8% | 29.7% | 22.3% | 21.2% | 22.7% | 21.1% | 17.0% | 10.2% | 9.6% | 4.6% | 3.0% |
| Return on equity | 56.6% | 8.5% | 24.2% | 13.1% | 11.0% | 12.3% | 17.8% | 20.7% | 29.7% | 18.9% | 17.9% | 22.1% | 19.4% | 13.2% | 6.3% | 6.2% | 3.2% | 2.2% |
| Return on assets | — | 1.7% | 6.9% | 3.1% | 2.9% | 3.3% | 3.0% | 3.5% | 8.0% | 6.5% | 6.4% | 6.7% | 5.4% | 4.6% | 2.7% | 2.6% | 1.2% | 0.8% |
| Effective tax rate | — | 79.5% | 38.5% | 39.4% | 37.8% | 38.7% | 39.0% | 38.5% | 9.3% | 24.4% | 24.8% | 25.5% | 24.5% | 21.1% | 25.3% | 23.2% | 27.9% | 25.9% |
| Dividends ÷ net income | — | — | — | — | — | — | — | — | — | 19.5% | 21.5% | 18.4% | 24.3% | 37.5% | 79.0% | 81.9% | 163.2% | 242.3% |
Moat
Moderate moat
How hard Walker & Dunlop's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 20 / 20
Net income has been a median 5.2% of total assets over 10 years.
- Durability 8 / 20
Net margin has been a median 20.5%; its worst year was 3.0%.
- Discipline 13 / 20
The diluted share count rose 6.8% over five years; stock-based pay has been a median 2.9% of revenue.
AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (69 before it).
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