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Side-by-side financial comparison of Adtalem Global Education Inc. (ATGE) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Adtalem Global Education Inc. is the larger business by last-quarter revenue ($503.4M vs $340.0M, roughly 1.5× Walker & Dunlop, Inc.). Adtalem Global Education Inc. runs the higher net margin — 15.2% vs -12.9%, a 28.1% gap on every dollar of revenue. On growth, Adtalem Global Education Inc. posted the faster year-over-year revenue change (12.4% vs -0.4%). Adtalem Global Education Inc. produced more free cash flow last quarter ($15.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 10.4%).
Adtalem Global Education Inc. is a US corporation based in Chicago, Illinois, that operates for-profit higher education institutions, including American University of the Caribbean School of Medicine, Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
ATGE vs WD — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $503.4M | $340.0M |
| Net Profit | $76.4M | $-13.9M |
| Gross Margin | 59.2% | — |
| Operating Margin | 22.1% | -17.2% |
| Net Margin | 15.2% | -12.9% |
| Revenue YoY | 12.4% | -0.4% |
| Net Profit YoY | 0.7% | -131.0% |
| EPS (diluted) | $2.11 | $-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 | $503.4M | $340.0M | ||
| Q3 25 | $462.3M | $337.7M | ||
| Q2 25 | $457.1M | $319.2M | ||
| Q1 25 | $466.1M | $237.4M | ||
| Q4 24 | $447.7M | $341.5M | ||
| Q3 24 | $417.4M | $292.3M | ||
| Q2 24 | $409.9M | $270.7M | ||
| Q1 24 | $412.7M | $228.1M |
| Q4 25 | $76.4M | $-13.9M | ||
| Q3 25 | $61.8M | $33.5M | ||
| Q2 25 | $54.2M | $34.0M | ||
| Q1 25 | $60.8M | $2.8M | ||
| Q4 24 | $75.9M | $44.8M | ||
| Q3 24 | $46.2M | $28.8M | ||
| Q2 24 | $49.4M | $22.7M | ||
| Q1 24 | $36.8M | $11.9M |
| Q4 25 | 59.2% | — | ||
| Q3 25 | 56.6% | — | ||
| Q2 25 | 56.5% | — | ||
| Q1 25 | 57.1% | — | ||
| Q4 24 | 58.3% | — | ||
| Q3 24 | 55.4% | — | ||
| Q2 24 | 55.5% | — | ||
| Q1 24 | 57.5% | — |
| Q4 25 | 22.1% | -17.2% | ||
| Q3 25 | 18.5% | 13.6% | ||
| Q2 25 | 16.8% | 14.5% | ||
| Q1 25 | 19.4% | 2.2% | ||
| Q4 24 | 23.2% | 15.3% | ||
| Q3 24 | 16.8% | 12.8% | ||
| Q2 24 | 16.7% | 10.4% | ||
| Q1 24 | 15.0% | 6.0% |
| Q4 25 | 15.2% | -12.9% | ||
| Q3 25 | 13.4% | 9.9% | ||
| Q2 25 | 11.9% | 10.6% | ||
| Q1 25 | 13.1% | 1.2% | ||
| Q4 24 | 16.9% | 13.1% | ||
| Q3 24 | 11.1% | 9.9% | ||
| Q2 24 | 12.1% | 8.4% | ||
| Q1 24 | 8.9% | 5.2% |
| Q4 25 | $2.11 | $-0.41 | ||
| Q3 25 | $1.67 | $0.98 | ||
| Q2 25 | $1.43 | $0.99 | ||
| Q1 25 | $1.59 | $0.08 | ||
| Q4 24 | $1.98 | $1.32 | ||
| Q3 24 | $1.18 | $0.85 | ||
| Q2 24 | $1.23 | $0.67 | ||
| Q1 24 | $0.93 | $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 | $56.3M | $299.3M |
| Total DebtLower is stronger | $504.3M | — |
| Stockholders' EquityBook value | $1.4B | $1.7B |
| Total Assets | $2.6B | $5.1B |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $56.3M | $299.3M | ||
| Q3 25 | $264.7M | $274.8M | ||
| Q2 25 | $199.6M | $233.7M | ||
| Q1 25 | $219.0M | $181.0M | ||
| Q4 24 | $194.0M | $279.3M | ||
| Q3 24 | $264.8M | $179.8M | ||
| Q2 24 | $219.3M | $208.1M | ||
| Q1 24 | $179.8M | $216.5M |
| Q4 25 | $504.3M | — | ||
| Q3 25 | $553.2M | — | ||
| Q2 25 | $552.7M | — | ||
| Q1 25 | $552.2M | — | ||
| Q4 24 | $649.9M | — | ||
| Q3 24 | $649.3M | — | ||
| Q2 24 | $648.7M | — | ||
| Q1 24 | $648.1M | — |
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.3B | $1.7B |
| Q4 25 | $2.6B | $5.1B | ||
| Q3 25 | $2.9B | $5.8B | ||
| Q2 25 | $2.8B | $4.7B | ||
| Q1 25 | $2.8B | $4.5B | ||
| Q4 24 | $2.7B | $4.4B | ||
| Q3 24 | $2.8B | $4.6B | ||
| Q2 24 | $2.7B | $4.2B | ||
| Q1 24 | $2.7B | $3.8B |
| Q4 25 | 0.37× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.49× | — |
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 | $29.7M | $-664.3M |
| Free Cash FlowOCF − Capex | $15.1M | $-680.1M |
| FCF MarginFCF / Revenue | 3.0% | -200.0% |
| Capex IntensityCapex / Revenue | 2.9% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | $368.0M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $-664.3M | ||
| Q3 25 | $130.5M | $-948.1M | ||
| Q2 25 | $59.7M | $-238.5M | ||
| Q1 25 | $207.9M | $-281.1M | ||
| Q4 24 | $-19.0M | $129.4M | ||
| Q3 24 | $89.3M | $-202.0M | ||
| Q2 24 | $40.6M | $-237.8M | ||
| Q1 24 | $162.6M | $38.4M |
| Q4 25 | $15.1M | $-680.1M | ||
| Q3 25 | $114.5M | $-950.4M | ||
| Q2 25 | $40.7M | $-241.0M | ||
| Q1 25 | $197.7M | $-284.7M | ||
| Q4 24 | $-29.7M | $116.4M | ||
| Q3 24 | $78.9M | $-204.0M | ||
| Q2 24 | $37.4M | $-241.7M | ||
| Q1 24 | $140.9M | $35.2M |
| Q4 25 | 3.0% | -200.0% | ||
| Q3 25 | 24.8% | -281.5% | ||
| Q2 25 | 8.9% | -75.5% | ||
| Q1 25 | 42.4% | -120.0% | ||
| Q4 24 | -6.6% | 34.1% | ||
| Q3 24 | 18.9% | -69.8% | ||
| Q2 24 | 9.1% | -89.3% | ||
| Q1 24 | 34.2% | 15.4% |
| Q4 25 | 2.9% | 4.6% | ||
| Q3 25 | 3.5% | 0.7% | ||
| Q2 25 | 4.2% | 0.8% | ||
| Q1 25 | 2.2% | 1.5% | ||
| Q4 24 | 2.4% | 3.8% | ||
| Q3 24 | 2.5% | 0.7% | ||
| Q2 24 | 0.8% | 1.4% | ||
| Q1 24 | 5.3% | 1.4% |
| Q4 25 | 0.39× | — | ||
| Q3 25 | 2.11× | -28.34× | ||
| Q2 25 | 1.10× | -7.02× | ||
| Q1 25 | 3.42× | -102.07× | ||
| Q4 24 | -0.25× | 2.89× | ||
| Q3 24 | 1.93× | -7.01× | ||
| Q2 24 | 0.82× | -10.49× | ||
| Q1 24 | 4.42× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATGE
| Walden University Segment | $217.6M | 43% |
| Chamberlain University Segment | $183.8M | 37% |
| Medical And Veterinary | $102.0M | 20% |
| Other Services | $1.6M | 0% |
WD
Segment breakdown not available.
