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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.

BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $340.0M, roughly 1.0× Walker & Dunlop, Inc.). BJs RESTAURANTS INC runs the higher net margin — 3.6% vs -12.9%, a 16.5% gap on every dollar of revenue. On growth, BJs RESTAURANTS INC posted the faster year-over-year revenue change (3.2% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 2.6%).

BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

BJRI vs WD — Head-to-Head

Bigger by revenue
BJRI
BJRI
1.0× larger
BJRI
$355.4M
$340.0M
WD
Growing faster (revenue YoY)
BJRI
BJRI
+3.6% gap
BJRI
3.2%
-0.4%
WD
Higher net margin
BJRI
BJRI
16.5% more per $
BJRI
3.6%
-12.9%
WD
Faster 2-yr revenue CAGR
WD
WD
Annualised
WD
22.1%
2.6%
BJRI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BJRI
BJRI
WD
WD
Revenue
$355.4M
$340.0M
Net Profit
$12.6M
$-13.9M
Gross Margin
74.5%
Operating Margin
3.1%
-17.2%
Net Margin
3.6%
-12.9%
Revenue YoY
3.2%
-0.4%
Net Profit YoY
-24.2%
-131.0%
EPS (diluted)
$0.58
$-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.

Revenue
BJRI
BJRI
WD
WD
Q4 25
$355.4M
$340.0M
Q3 25
$365.6M
$337.7M
Q2 25
$348.0M
$319.2M
Q1 25
$237.4M
Q4 24
$325.7M
$341.5M
Q3 24
$349.9M
$292.3M
Q2 24
$337.3M
$270.7M
Q1 24
$228.1M
Net Profit
BJRI
BJRI
WD
WD
Q4 25
$12.6M
$-13.9M
Q3 25
$22.2M
$33.5M
Q2 25
$13.5M
$34.0M
Q1 25
$2.8M
Q4 24
$-2.9M
$44.8M
Q3 24
$17.2M
$28.8M
Q2 24
$7.7M
$22.7M
Q1 24
$11.9M
Gross Margin
BJRI
BJRI
WD
WD
Q4 25
74.5%
Q3 25
75.2%
Q2 25
75.0%
Q1 25
Q4 24
73.4%
Q3 24
74.3%
Q2 24
74.8%
Q1 24
Operating Margin
BJRI
BJRI
WD
WD
Q4 25
3.1%
-17.2%
Q3 25
5.8%
13.6%
Q2 25
4.3%
14.5%
Q1 25
2.2%
Q4 24
-0.8%
15.3%
Q3 24
3.8%
12.8%
Q2 24
2.4%
10.4%
Q1 24
6.0%
Net Margin
BJRI
BJRI
WD
WD
Q4 25
3.6%
-12.9%
Q3 25
6.1%
9.9%
Q2 25
3.9%
10.6%
Q1 25
1.2%
Q4 24
-0.9%
13.1%
Q3 24
4.9%
9.9%
Q2 24
2.3%
8.4%
Q1 24
5.2%
EPS (diluted)
BJRI
BJRI
WD
WD
Q4 25
$0.58
$-0.41
Q3 25
$0.97
$0.98
Q2 25
$0.58
$0.99
Q1 25
$0.08
Q4 24
$-0.13
$1.32
Q3 24
$0.72
$0.85
Q2 24
$0.32
$0.67
Q1 24
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BJRI
BJRI
WD
WD
Cash + ST InvestmentsLiquidity on hand
$23.8M
$299.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$366.2M
$1.7B
Total Assets
$1.0B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BJRI
BJRI
WD
WD
Q4 25
$23.8M
$299.3M
Q3 25
$26.0M
$274.8M
Q2 25
$19.0M
$233.7M
Q1 25
$181.0M
Q4 24
$18.4M
$279.3M
Q3 24
$16.2M
$179.8M
Q2 24
$18.8M
$208.1M
Q1 24
$216.5M
Total Debt
BJRI
BJRI
WD
WD
Q4 25
Q3 25
$60.5M
Q2 25
$85.5M
Q1 25
Q4 24
$66.5M
Q3 24
$63.5M
Q2 24
$58.0M
Q1 24
Stockholders' Equity
BJRI
BJRI
WD
WD
Q4 25
$366.2M
$1.7B
Q3 25
$386.6M
$1.8B
Q2 25
$371.5M
$1.8B
Q1 25
$1.7B
Q4 24
$376.2M
$1.7B
Q3 24
$386.5M
$1.7B
Q2 24
$375.4M
$1.7B
Q1 24
$1.7B
Total Assets
BJRI
BJRI
WD
WD
Q4 25
$1.0B
$5.1B
Q3 25
$1.0B
$5.8B
Q2 25
$1.0B
$4.7B
Q1 25
$4.5B
Q4 24
$1.0B
$4.4B
Q3 24
$1.0B
$4.6B
Q2 24
$1.0B
$4.2B
Q1 24
$3.8B
Debt / Equity
BJRI
BJRI
WD
WD
Q4 25
Q3 25
0.16×
Q2 25
0.23×
Q1 25
Q4 24
0.18×
Q3 24
0.16×
Q2 24
0.15×
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
BJRI
BJRI
WD
WD
Operating Cash FlowLast quarter
$-664.3M
Free Cash FlowOCF − Capex
$-680.1M
FCF MarginFCF / Revenue
-200.0%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BJRI
BJRI
WD
WD
Q4 25
$-664.3M
Q3 25
$62.3M
$-948.1M
Q2 25
$4.6M
$-238.5M
Q1 25
$-281.1M
Q4 24
$27.3M
$129.4M
Q3 24
$20.2M
$-202.0M
Q2 24
$22.3M
$-237.8M
Q1 24
$38.4M
Free Cash Flow
BJRI
BJRI
WD
WD
Q4 25
$-680.1M
Q3 25
$41.9M
$-950.4M
Q2 25
$-12.1M
$-241.0M
Q1 25
$-284.7M
Q4 24
$7.6M
$116.4M
Q3 24
$735.0K
$-204.0M
Q2 24
$448.0K
$-241.7M
Q1 24
$35.2M
FCF Margin
BJRI
BJRI
WD
WD
Q4 25
-200.0%
Q3 25
11.5%
-281.5%
Q2 25
-3.5%
-75.5%
Q1 25
-120.0%
Q4 24
2.3%
34.1%
Q3 24
0.2%
-69.8%
Q2 24
0.1%
-89.3%
Q1 24
15.4%
Capex Intensity
BJRI
BJRI
WD
WD
Q4 25
4.6%
Q3 25
5.6%
0.7%
Q2 25
4.8%
0.8%
Q1 25
1.5%
Q4 24
6.0%
3.8%
Q3 24
5.6%
0.7%
Q2 24
6.5%
1.4%
Q1 24
1.4%
Cash Conversion
BJRI
BJRI
WD
WD
Q4 25
Q3 25
2.80×
-28.34×
Q2 25
0.34×
-7.02×
Q1 25
-102.07×
Q4 24
2.89×
Q3 24
1.18×
-7.01×
Q2 24
2.89×
-10.49×
Q1 24
3.24×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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