vs
Side-by-side financial comparison of BENCHMARK ELECTRONICS INC (BHE) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
BENCHMARK ELECTRONICS INC is the larger business by last-quarter revenue ($677.3M vs $340.0M, roughly 2.0× Walker & Dunlop, Inc.). BENCHMARK ELECTRONICS INC runs the higher net margin — 1.9% vs -12.9%, a 14.8% gap on every dollar of revenue. On growth, BENCHMARK ELECTRONICS INC posted the faster year-over-year revenue change (11.4% vs -0.4%). BENCHMARK ELECTRONICS INC produced more free cash flow last quarter ($48.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -0.7%).
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
BHE vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $677.3M | $340.0M |
| Net Profit | $13.0M | $-13.9M |
| Gross Margin | 10.2% | — |
| Operating Margin | 3.2% | -17.2% |
| Net Margin | 1.9% | -12.9% |
| Revenue YoY | 11.4% | -0.4% |
| Net Profit YoY | 257.4% | -131.0% |
| EPS (diluted) | $0.17 | $-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.
| Q1 26 | $677.3M | — | ||
| Q4 25 | $725.8M | $340.0M | ||
| Q3 25 | $702.6M | $337.7M | ||
| Q2 25 | $665.7M | $319.2M | ||
| Q1 25 | $654.6M | $237.4M | ||
| Q4 24 | $683.6M | $341.5M | ||
| Q3 24 | $680.0M | $292.3M | ||
| Q2 24 | $686.7M | $270.7M |
| Q1 26 | $13.0M | — | ||
| Q4 25 | — | $-13.9M | ||
| Q3 25 | $14.3M | $33.5M | ||
| Q2 25 | $972.0K | $34.0M | ||
| Q1 25 | $3.6M | $2.8M | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | $15.4M | $28.8M | ||
| Q2 24 | $15.5M | $22.7M |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.2% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | 9.7% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 9.8% | — | ||
| Q2 24 | 9.9% | — |
| Q1 26 | 3.2% | — | ||
| Q4 25 | 2.8% | -17.2% | ||
| Q3 25 | 3.4% | 13.6% | ||
| Q2 25 | 3.1% | 14.5% | ||
| Q1 25 | 1.8% | 2.2% | ||
| Q4 24 | 4.2% | 15.3% | ||
| Q3 24 | 4.1% | 12.8% | ||
| Q2 24 | 4.0% | 10.4% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -12.9% | ||
| Q3 25 | 2.0% | 9.9% | ||
| Q2 25 | 0.1% | 10.6% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | 2.3% | 9.9% | ||
| Q2 24 | 2.3% | 8.4% |
| Q1 26 | $0.17 | — | ||
| Q4 25 | $0.16 | $-0.41 | ||
| Q3 25 | $0.39 | $0.98 | ||
| Q2 25 | $0.03 | $0.99 | ||
| Q1 25 | $0.10 | $0.08 | ||
| Q4 24 | $0.43 | $1.32 | ||
| Q3 24 | $0.42 | $0.85 | ||
| Q2 24 | $0.43 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $324.9M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.7B |
| Total Assets | $2.1B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $324.9M | — | ||
| Q4 25 | $322.1M | $299.3M | ||
| Q3 25 | $285.4M | $274.8M | ||
| Q2 25 | $264.6M | $233.7M | ||
| Q1 25 | $355.3M | $181.0M | ||
| Q4 24 | $315.2M | $279.3M | ||
| Q3 24 | $324.4M | $179.8M | ||
| Q2 24 | $309.3M | $208.1M |
| Q1 26 | — | — | ||
| Q4 25 | $206.8M | — | ||
| Q3 25 | $212.6M | — | ||
| Q2 25 | $203.4M | — | ||
| Q1 25 | $268.9M | — | ||
| Q4 24 | $250.5M | — | ||
| Q3 24 | $272.0M | — | ||
| Q2 24 | $283.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.0B | $4.7B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.1B | $4.4B | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.2B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.26× | — |
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 | $47.0M | $-664.3M |
| Free Cash FlowOCF − Capex | $48.1M | $-680.1M |
| FCF MarginFCF / Revenue | 7.1% | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 3.61× | — |
| TTM Free Cash FlowTrailing 4 quarters | $108.3M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.0M | — | ||
| Q4 25 | $58.7M | $-664.3M | ||
| Q3 25 | $36.6M | $-948.1M | ||
| Q2 25 | $-2.8M | $-238.5M | ||
| Q1 25 | $31.5M | $-281.1M | ||
| Q4 24 | $45.9M | $129.4M | ||
| Q3 24 | $39.0M | $-202.0M | ||
| Q2 24 | $55.8M | $-237.8M |
| Q1 26 | $48.1M | — | ||
| Q4 25 | $48.2M | $-680.1M | ||
| Q3 25 | $25.8M | $-950.4M | ||
| Q2 25 | $-13.8M | $-241.0M | ||
| Q1 25 | $28.1M | $-284.7M | ||
| Q4 24 | $37.2M | $116.4M | ||
| Q3 24 | $29.2M | $-204.0M | ||
| Q2 24 | $48.2M | $-241.7M |
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.6% | -200.0% | ||
| Q3 25 | 3.7% | -281.5% | ||
| Q2 25 | -2.1% | -75.5% | ||
| Q1 25 | 4.3% | -120.0% | ||
| Q4 24 | 5.4% | 34.1% | ||
| Q3 24 | 4.3% | -69.8% | ||
| Q2 24 | 7.0% | -89.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 4.6% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 1.7% | 0.8% | ||
| Q1 25 | 0.5% | 1.5% | ||
| Q4 24 | 1.3% | 3.8% | ||
| Q3 24 | 1.4% | 0.7% | ||
| Q2 24 | 1.1% | 1.4% |
| Q1 26 | 3.61× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.57× | -28.34× | ||
| Q2 25 | -2.90× | -7.02× | ||
| Q1 25 | 8.65× | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 2.54× | -7.01× | ||
| Q2 24 | 3.59× | -10.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
