Walker & Dunlop, Inc.
Walker & Dunlop, Inc. (WD) is listed on NYSE and classified in Mortgage Finance, part of the Financial Services sector. It is headquartered in Bethesda, United States and has 1,466 employees. The company is worth $1.19B and trades at 31.0x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $1.23B in fiscal 2025, up 9.0% from the year before. Net income was $56.25M. The share price is 61.5% below its 52-week high of $90.00. It pays a dividend yielding 7.84%, and has raised its annual dividend for 6 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $36.72M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -76.8% over 5Y.
today you would have $295.94▼ -70.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $60.15 | $97.21 | $111.01 | $78.48 | $150.88 | $92.02 | $64.68 | $43.25 | $47.50 | $31.20 | $28.81 | $17.54 | $16.17 | $16.66 | $12.56 | $10.09 | |
| P/E | 12.2x | 36.7x | 30.5x | 34.9x | 12.3x | 18.5x | 12.0x | 11.9x | 8.7x | 7.3x | 8.7x | 10.9x | 11.1x | 13.4x | 12.7x | 7.9x | 18.3x |
| P/S | 2.0x | 1.7x | 2.9x | 3.5x | 2.1x | 3.9x | 2.7x | 2.4x | 1.8x | 2.1x | 1.7x | 1.9x | 1.6x | 1.8x | 2.2x | 1.8x | 1.8x |
| P/B | 1.7x | 1.2x | 1.9x | 2.2x | 1.5x | 3.2x | 2.4x | 1.9x | 1.5x | 1.8x | 1.6x | 1.8x | 1.3x | 1.4x | 1.6x | 1.7x | 1.7x |
| EPS | $1.64 | $3.19 | $3.18 | $6.36 | $8.15 | $7.69 | $5.45 | $4.96 | $6.47 | $3.57 | $2.65 | $1.58 | $1.21 | $1.31 | $1.60 | $0.55 | |
| Dividend yield | 2.29% | 4.46% | 2.67% | 2.27% | 3.06% | 1.33% | 1.56% | 1.86% | 2.31% | — | — | — | — | — | — | — | — |
| Payout | 31.14% | 163.41% | 81.50% | 79.25% | 37.74% | 24.54% | 18.73% | 22.02% | 20.16% | — | — | — | — | — | — | — | — |
| Profit margin | 17.26% | 4.56% | 9.55% | 10.18% | 16.99% | 21.11% | 22.72% | 21.21% | 22.26% | 29.66% | 19.80% | 17.54% | 14.25% | 13.02% | 13.15% | 22.88% | 6.75% |
| ROE | 14.70% | 3.24% | 6.19% | 6.23% | 12.66% | 17.14% | 20.58% | 16.74% | 17.90% | 26.08% | 18.67% | 16.83% | 11.86% | 10.31% | 9.56% | 21.30% | 6.60% |
Median of the years shown; P/E years above 200x are left out.
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 7.8% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 12.2 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 8.0% a year against a 11.6% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+43.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MCBMetropolitan Bank Holding Corp. | $95.90 | 9.5x | 1.2x | 1.67% | 13.12% | $1.19B |
| ASBHAmerican Savings Bank, N.A. Common Stock | $18.14 | — | — | 0.00% | — | $1.18B |
| JCAPJefferson Capital, Inc. | $20.53 | 22.6x | 2.5x | 4.68% | 34.95% | $1.18B |
| HFWAHeritage Financial Corp | $28.52 | 13.2x | 1.1x | 3.51% | 7.80% | $1.17B |
| UVSPUNIVEST FINANCIAL Corp | $42.28 | 12.2x | 1.2x | 2.18% | 10.52% | $1.17B |
| PWPPerella Weinberg Partners | $12.76 | 49.1x | — | 2.19% | 12.69% | $1.24B |