Walker & Dunlop, Inc. (WD) Financial Ratios
18 years of historical data (2008–2025) · Financial Services · Financial - Mortgages
EV/EBITDA
↓
8.36
↓-23% vs avg
5yr avg: 10.88
30Y Low6.0·High15.3
P/FCF
↑
N/A
—
5yr avg: 11.62
30Y Low0.7·High27.7
P/B Ratio
↓
1.02
↓-47% vs avg
5yr avg: 1.92
30Y Low1.1·High3.0
ROE
↓
3.3%
↑-66% vs avg
5yr avg: 9.6%
30Y Low3%·High94%
Debt/EBITDA
↑
4.98
+19% vs avg
5yr avg: 4.19
30Y Low2.6·High12.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Walker & Dunlop, Inc. trades at 32.4x earnings, 22% above its 5-year average of 26.6x, sitting at the 88th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 143%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.8B | $2.0B | $3.2B | $3.6B | $2.6B | $4.8B | $2.9B | $2.0B | $1.4B | $1.5B | $973M |
| Enterprise Value | $3.8B | $4.0B | $4.6B | $4.8B | $3.7B | $7.2B | $5.3B | $3.1B | $2.8B | $2.4B | $3.0B |
| P/E Ratio → | 32.42 | 36.68 | 30.47 | 34.91 | 12.34 | 18.51 | 11.97 | 11.87 | 8.58 | 7.24 | 8.55 |
| P/S Ratio | 1.48 | 1.63 | 2.85 | 3.46 | 2.04 | 3.78 | 2.64 | 2.44 | 1.91 | 2.15 | 1.69 |
| P/B Ratio | 1.02 | 1.15 | 1.83 | 2.09 | 1.49 | 3.01 | 2.39 | 1.91 | 1.53 | 1.88 | 1.58 |
| P/FCF | — | — | 27.69 | — | 1.64 | 5.52 | — | 4.71 | 23.35 | 1.44 | 1.28 |
| P/OCF | — | — | 24.92 | — | 1.62 | 5.47 | — | 4.66 | 21.63 | 1.43 | 1.28 |
P/E links to full P/E history page with 30-year chart
WD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Walker & Dunlop, Inc.'s enterprise value stands at 8.4x EBITDA, 23% below its 5-year average of 10.9x. The Financial Services sector median is 11.4x, placing the stock at a 27% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.21 | 4.06 | 4.54 | 2.91 | 5.69 | 4.93 | 3.76 | 3.80 | 3.43 | 5.23 |
| EV / EBITDA | 8.36 | 8.76 | 12.47 | 13.13 | 7.32 | 12.74 | 10.71 | 8.03 | 7.76 | 6.69 | 10.12 |
| EV / EBIT | 17.72 | 27.54 | 40.30 | 34.80 | 14.56 | 19.96 | 16.19 | 13.34 | 12.93 | 10.44 | 16.19 |
| EV / FCF | — | — | 39.53 | — | 2.35 | 8.32 | — | 7.27 | 46.39 | 2.30 | 3.97 |
WD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Walker & Dunlop, Inc. earns an operating margin of 17.3%, below the Financial Services sector average of 21.2%. Operating margins have expanded from 13.1% to 17.3% over the past 3 years, signaling improving operational efficiency. ROE of 3.3% is modest, trailing the sector median of 9.4%. ROIC of 4.3% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.3% | 61.3% | 44.5% | 44.7% | 49.0% | 51.4% | 56.0% | 55.9% | 57.6% | 58.0% | 58.7% |
| Operating Margin | 17.3% | 17.3% | 11.6% | 13.1% | 21.0% | 28.0% | 30.5% | 28.2% | 29.3% | 32.8% | 32.3% |
| Net Profit Margin | 4.6% | 4.6% | 9.6% | 10.2% | 17.0% | 21.1% | 22.7% | 21.2% | 22.3% | 29.7% | 19.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.3% | 3.3% | 6.2% | 6.2% | 13.0% | 19.2% | 22.0% | 17.8% | 18.7% | 29.5% | 20.6% |
| ROA | 1.2% | 1.2% | 2.6% | 2.7% | 4.6% | 5.4% | 6.7% | 6.4% | 6.5% | 8.0% | 3.5% |
| ROIC | 4.3% | 4.3% | 3.0% | 3.3% | 5.4% | 6.4% | 7.9% | 7.5% | 7.5% | 7.5% | 4.6% |
| ROCE | 6.0% | 6.0% | 3.2% | 3.6% | 5.9% | 7.2% | 9.0% | 9.0% | 9.6% | 9.5% | 5.8% |
WD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Walker & Dunlop, Inc. carries a Debt/EBITDA ratio of 5.0x, which is highly leveraged (21% above the sector average of 4.1x). Net debt stands at $2.0B ($2.2B total debt minus $299M cash). Interest coverage of 26.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.29 | 1.29 | 0.94 | 0.84 | 0.77 | 1.72 | 2.35 | 1.15 | 1.61 | 1.35 | 3.50 |
| Debt / EBITDA | 4.98 | 4.98 | 4.49 | 4.03 | 2.64 | 4.82 | 5.63 | 3.13 | 4.11 | 3.02 | 7.25 |
| Net Debt / Equity | — | 1.12 | 0.78 | 0.65 | 0.64 | 1.52 | 2.08 | 1.04 | 1.51 | 1.12 | 3.31 |
| Net Debt / EBITDA | 4.32 | 4.32 | 3.73 | 3.13 | 2.19 | 4.28 | 4.98 | 2.82 | 3.85 | 2.49 | 6.85 |
| Debt / FCF | — | — | 11.84 | — | 0.70 | 2.79 | — | 2.55 | 23.04 | 0.86 | 2.69 |
| Interest Coverage | 26.18 | 26.18 | — | — | — | 44.98 | 38.63 | 16.04 | 21.01 | 23.98 | 18.86 |
WD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.32x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 13.15x to 0.32x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.32 | 0.32 | 56.96 | 13.15 | 6.48 | 22.86 | 231.76 | 204.33 | 5.58 | 5.53 | 22.39 |
| Quick Ratio | 0.32 | 0.32 | 56.96 | 13.15 | 6.48 | 22.86 | 231.76 | 204.33 | 5.58 | 5.53 | 22.39 |
| Cash Ratio | 0.13 | 0.13 | 9.15 | 2.89 | 1.13 | 2.43 | 22.19 | 15.09 | 0.27 | 0.78 | 1.15 |
| Asset Turnover | — | 0.24 | 0.26 | 0.26 | 0.31 | 0.24 | 0.23 | 0.31 | 0.26 | 0.32 | 0.19 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Walker & Dunlop, Inc. returns 5.7% to shareholders annually — split between a 5.2% dividend yield and 0.6% buyback yield. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.2% | 4.6% | 2.7% | 2.3% | 3.1% | 1.4% | 1.6% | 1.9% | 2.3% | — | — |
| Payout Ratio | — | — | 81.9% | 79.0% | 37.5% | 24.3% | 18.4% | 21.5% | 19.5% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 2.7% | 3.3% | 2.9% | 8.1% | 5.4% | 8.4% | 8.4% | 11.7% | 13.8% | 11.7% |
| FCF Yield | — | — | 3.6% | — | 60.8% | 18.1% | — | 21.2% | 4.3% | 69.5% | 77.8% |
| Buyback Yield | 0.6% | 0.5% | 0.4% | 0.6% | 1.7% | 0.4% | 1.6% | 1.5% | 5.0% | 2.3% | 1.3% |
| Total Shareholder Yield | 5.7% | 5.1% | 3.1% | 2.9% | 4.8% | 1.8% | 3.2% | 3.4% | 7.2% | 2.3% | 1.3% |
| Shares Outstanding | — | $33M | $33M | $33M | $33M | $32M | $31M | $31M | $32M | $32M | $31M |
Peer Comparison
Compare WD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WDYou | $2B | 32.4 | 8.4 | — | 61.3% | 17.3% | 3.3% | 4.3% | 5.0 |
 NMRK | $3B | 24.4 | 11.4 | 21.5 | 94.6% | 7.0% | 7.7% | 5.2% | 4.8 |
 JLL | $15B | 19.8 | 12.5 | 15.4 | 99.0% | 4.5% | 10.9% | 8.9% | 2.4 |
 CBRE | $43B | 37.7 | 24.6 | 35.7 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
 MMI | $1B | -591.6 | — | 18.8 | 37.7% | -1.8% | -0.3% | -1.9% | — |
 RC | $330M | -0.8 | — | — | 100.0% | — | -19.0% | — | — |
 BXMT | $3B | 30.1 | 16.4 | 11.8 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 ACRE | $287M | -318.3 | 18.6 | 13.5 | 67.2% | 72.4% | -0.2% | 2.9% | 14.9 |
 TRTX | $664M | 15.1 | 15.1 | 7.3 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 ARI | $1B | 13.5 | 19.4 | 34.4 | 80.1% | 65.4% | 6.8% | 4.0% | 16.7 |
 KREF | $422M | -6.3 | 18.3 | 6.3 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 18 years · Updated daily
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Start ComparisonWD — Frequently Asked Questions
Quick answers to the most common questions about buying WD stock.
What is Walker & Dunlop, Inc.'s P/E ratio?
Walker & Dunlop, Inc.'s current P/E ratio is 32.4x. The historical average is 16.0x. This places it at the 88th percentile of its historical range.
What is Walker & Dunlop, Inc.'s EV/EBITDA?
Walker & Dunlop, Inc.'s current EV/EBITDA is 8.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
What is Walker & Dunlop, Inc.'s ROE?
Walker & Dunlop, Inc.'s return on equity (ROE) is 3.3%. The historical average is 22.2%.
Is WD stock overvalued?
Based on historical data, Walker & Dunlop, Inc. is trading at a P/E of 32.4x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Walker & Dunlop, Inc.'s dividend yield?
Walker & Dunlop, Inc.'s current dividend yield is 5.17%.
What are Walker & Dunlop, Inc.'s profit margins?
Walker & Dunlop, Inc. has 61.3% gross margin and 17.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Walker & Dunlop, Inc. have?
Walker & Dunlop, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.