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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $329.5M, roughly 1.0× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs -12.9%, a 33.4% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -2.4%). Andersons, Inc. produced more free cash flow last quarter ($-77.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
ANDE vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $340.0M |
| Net Profit | $67.4M | $-13.9M |
| Gross Margin | 70.3% | — |
| Operating Margin | 26.6% | -17.2% |
| Net Margin | 20.5% | -12.9% |
| Revenue YoY | -2.4% | -0.4% |
| Net Profit YoY | 49.6% | -131.0% |
| EPS (diluted) | — | $-0.41 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $329.5M | $340.0M | ||
| Q3 25 | $295.8M | $337.7M | ||
| Q2 25 | $535.0M | $319.2M | ||
| Q1 25 | $370.8M | $237.4M | ||
| Q4 24 | $337.5M | $341.5M | ||
| Q3 24 | $231.9M | $292.3M | ||
| Q2 24 | $492.5M | $270.7M | ||
| Q1 24 | $341.4M | $228.1M |
| Q4 25 | $67.4M | $-13.9M | ||
| Q3 25 | $20.1M | $33.5M | ||
| Q2 25 | $7.9M | $34.0M | ||
| Q1 25 | $284.0K | $2.8M | ||
| Q4 24 | $45.1M | $44.8M | ||
| Q3 24 | $27.4M | $28.8M | ||
| Q2 24 | $36.0M | $22.7M | ||
| Q1 24 | $5.6M | $11.9M |
| Q4 25 | 70.3% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | 41.2% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 76.4% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | 26.6% | -17.2% | ||
| Q3 25 | 8.7% | 13.6% | ||
| Q2 25 | 4.6% | 14.5% | ||
| Q1 25 | 0.9% | 2.2% | ||
| Q4 24 | 19.9% | 15.3% | ||
| Q3 24 | 26.8% | 12.8% | ||
| Q2 24 | 11.6% | 10.4% | ||
| Q1 24 | 4.1% | 6.0% |
| Q4 25 | 20.5% | -12.9% | ||
| Q3 25 | 6.8% | 9.9% | ||
| Q2 25 | 1.5% | 10.6% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 13.4% | 13.1% | ||
| Q3 24 | 11.8% | 9.9% | ||
| Q2 24 | 7.3% | 8.4% | ||
| Q1 24 | 1.6% | 5.2% |
| Q4 25 | — | $-0.41 | ||
| Q3 25 | $0.59 | $0.98 | ||
| Q2 25 | $0.23 | $0.99 | ||
| Q1 25 | $0.01 | $0.08 | ||
| Q4 24 | $1.31 | $1.32 | ||
| Q3 24 | $0.80 | $0.85 | ||
| Q2 24 | $1.05 | $0.67 | ||
| Q1 24 | $0.16 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $299.3M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $1.7B |
| Total Assets | $3.7B | $5.1B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $299.3M | ||
| Q3 25 | — | $274.8M | ||
| Q2 25 | — | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | $561.8M | $279.3M | ||
| Q3 24 | — | $179.8M | ||
| Q2 24 | — | $208.1M | ||
| Q1 24 | — | $216.5M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.7B | ||
| Q1 24 | $1.3B | $1.7B |
| Q4 25 | $3.7B | $5.1B | ||
| Q3 25 | $3.3B | $5.8B | ||
| Q2 25 | $3.4B | $4.7B | ||
| Q1 25 | $3.8B | $4.5B | ||
| Q4 24 | $4.1B | $4.4B | ||
| Q3 24 | $3.4B | $4.6B | ||
| Q2 24 | $3.3B | $4.2B | ||
| Q1 24 | $3.3B | $3.8B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.2M | $-664.3M |
| Free Cash FlowOCF − Capex | $-77.1M | $-680.1M |
| FCF MarginFCF / Revenue | -23.4% | -200.0% |
| Capex IntensityCapex / Revenue | 21.5% | 4.6% |
| Cash ConversionOCF / Net Profit | -0.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $-664.3M | ||
| Q3 25 | $233.9M | $-948.1M | ||
| Q2 25 | $299.3M | $-238.5M | ||
| Q1 25 | $-350.0M | $-281.1M | ||
| Q4 24 | $268.8M | $129.4M | ||
| Q3 24 | $-2.1M | $-202.0M | ||
| Q2 24 | $304.4M | $-237.8M | ||
| Q1 24 | $-239.6M | $38.4M |
| Q4 25 | $-77.1M | $-680.1M | ||
| Q3 25 | $167.0M | $-950.4M | ||
| Q2 25 | $250.5M | $-241.0M | ||
| Q1 25 | $-396.6M | $-284.7M | ||
| Q4 24 | $212.9M | $116.4M | ||
| Q3 24 | $-40.0M | $-204.0M | ||
| Q2 24 | $275.8M | $-241.7M | ||
| Q1 24 | $-266.4M | $35.2M |
| Q4 25 | -23.4% | -200.0% | ||
| Q3 25 | 56.5% | -281.5% | ||
| Q2 25 | 46.8% | -75.5% | ||
| Q1 25 | -106.9% | -120.0% | ||
| Q4 24 | 63.1% | 34.1% | ||
| Q3 24 | -17.2% | -69.8% | ||
| Q2 24 | 56.0% | -89.3% | ||
| Q1 24 | -78.0% | 15.4% |
| Q4 25 | 21.5% | 4.6% | ||
| Q3 25 | 22.6% | 0.7% | ||
| Q2 25 | 9.1% | 0.8% | ||
| Q1 25 | 12.6% | 1.5% | ||
| Q4 24 | 16.6% | 3.8% | ||
| Q3 24 | 16.3% | 0.7% | ||
| Q2 24 | 5.8% | 1.4% | ||
| Q1 24 | 7.8% | 1.4% |
| Q4 25 | -0.09× | — | ||
| Q3 25 | 11.61× | -28.34× | ||
| Q2 25 | 38.10× | -7.02× | ||
| Q1 25 | -1232.46× | -102.07× | ||
| Q4 24 | 5.96× | 2.89× | ||
| Q3 24 | -0.08× | -7.01× | ||
| Q2 24 | 8.46× | -10.49× | ||
| Q1 24 | -42.94× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
WD
Segment breakdown not available.
