vs
Side-by-side financial comparison of Confluent, Inc. (CFLT) 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 $314.8M, roughly 1.1× Confluent, Inc.). Walker & Dunlop, Inc. runs the higher net margin — -12.9% vs -25.2%, a 12.3% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs -0.4%). Confluent, Inc. produced more free cash flow last quarter ($41.7M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 20.4%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
CFLT vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $340.0M |
| Net Profit | $-79.2M | $-13.9M |
| Gross Margin | 74.7% | — |
| Operating Margin | -31.5% | -17.2% |
| Net Margin | -25.2% | -12.9% |
| Revenue YoY | 20.5% | -0.4% |
| Net Profit YoY | 10.0% | -131.0% |
| EPS (diluted) | $-0.23 | $-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 | $314.8M | $340.0M | ||
| Q3 25 | $298.5M | $337.7M | ||
| Q2 25 | $282.3M | $319.2M | ||
| Q1 25 | $271.1M | $237.4M | ||
| Q4 24 | $261.2M | $341.5M | ||
| Q3 24 | $250.2M | $292.3M | ||
| Q2 24 | $235.0M | $270.7M | ||
| Q1 24 | $217.2M | $228.1M |
| Q4 25 | $-79.2M | $-13.9M | ||
| Q3 25 | $-66.5M | $33.5M | ||
| Q2 25 | $-82.0M | $34.0M | ||
| Q1 25 | $-67.6M | $2.8M | ||
| Q4 24 | $-88.1M | $44.8M | ||
| Q3 24 | $-74.1M | $28.8M | ||
| Q2 24 | $-89.9M | $22.7M | ||
| Q1 24 | $-93.0M | $11.9M |
| Q4 25 | 74.7% | — | ||
| Q3 25 | 74.2% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 74.5% | — | ||
| Q4 24 | 74.1% | — | ||
| Q3 24 | 74.5% | — | ||
| Q2 24 | 72.3% | — | ||
| Q1 24 | 71.8% | — |
| Q4 25 | -31.5% | -17.2% | ||
| Q3 25 | -27.9% | 13.6% | ||
| Q2 25 | -34.2% | 14.5% | ||
| Q1 25 | -37.3% | 2.2% | ||
| Q4 24 | -40.5% | 15.3% | ||
| Q3 24 | -37.4% | 12.8% | ||
| Q2 24 | -46.1% | 10.4% | ||
| Q1 24 | -51.3% | 6.0% |
| Q4 25 | -25.2% | -12.9% | ||
| Q3 25 | -22.3% | 9.9% | ||
| Q2 25 | -29.0% | 10.6% | ||
| Q1 25 | -24.9% | 1.2% | ||
| Q4 24 | -33.7% | 13.1% | ||
| Q3 24 | -29.6% | 9.9% | ||
| Q2 24 | -38.3% | 8.4% | ||
| Q1 24 | -42.8% | 5.2% |
| Q4 25 | $-0.23 | $-0.41 | ||
| Q3 25 | $-0.19 | $0.98 | ||
| Q2 25 | $-0.24 | $0.99 | ||
| Q1 25 | $-0.20 | $0.08 | ||
| Q4 24 | $-0.26 | $1.32 | ||
| Q3 24 | $-0.23 | $0.85 | ||
| Q2 24 | $-0.28 | $0.67 | ||
| Q1 24 | $-0.30 | $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 | $347.2M | $299.3M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.2B | $1.7B |
| Total Assets | $3.0B | $5.1B |
| Debt / EquityLower = less leverage | 0.94× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $299.3M | ||
| Q3 25 | $298.5M | $274.8M | ||
| Q2 25 | $295.6M | $233.7M | ||
| Q1 25 | $278.6M | $181.0M | ||
| Q4 24 | $386.0M | $279.3M | ||
| Q3 24 | $322.6M | $179.8M | ||
| Q2 24 | $311.3M | $208.1M | ||
| Q1 24 | $336.4M | $216.5M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.0B | $1.7B | ||
| Q4 24 | $961.2M | $1.7B | ||
| Q3 24 | $934.3M | $1.7B | ||
| Q2 24 | $873.9M | $1.7B | ||
| Q1 24 | $845.2M | $1.7B |
| Q4 25 | $3.0B | $5.1B | ||
| Q3 25 | $2.9B | $5.8B | ||
| Q2 25 | $2.8B | $4.7B | ||
| Q1 25 | $2.7B | $4.5B | ||
| Q4 24 | $2.7B | $4.4B | ||
| Q3 24 | $2.6B | $4.6B | ||
| Q2 24 | $2.5B | $4.2B | ||
| Q1 24 | $2.4B | $3.8B |
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $42.1M | $-664.3M |
| Free Cash FlowOCF − Capex | $41.7M | $-680.1M |
| FCF MarginFCF / Revenue | 13.2% | -200.0% |
| Capex IntensityCapex / Revenue | 0.1% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $-664.3M | ||
| Q3 25 | $30.8M | $-948.1M | ||
| Q2 25 | $18.1M | $-238.5M | ||
| Q1 25 | $-26.8M | $-281.1M | ||
| Q4 24 | $35.2M | $129.4M | ||
| Q3 24 | $15.6M | $-202.0M | ||
| Q2 24 | $8.6M | $-237.8M | ||
| Q1 24 | $-26.0M | $38.4M |
| Q4 25 | $41.7M | $-680.1M | ||
| Q3 25 | $30.0M | $-950.4M | ||
| Q2 25 | $17.2M | $-241.0M | ||
| Q1 25 | $-28.2M | $-284.7M | ||
| Q4 24 | $34.5M | $116.4M | ||
| Q3 24 | $15.0M | $-204.0M | ||
| Q2 24 | $7.5M | $-241.7M | ||
| Q1 24 | $-26.1M | $35.2M |
| Q4 25 | 13.2% | -200.0% | ||
| Q3 25 | 10.0% | -281.5% | ||
| Q2 25 | 6.1% | -75.5% | ||
| Q1 25 | -10.4% | -120.0% | ||
| Q4 24 | 13.2% | 34.1% | ||
| Q3 24 | 6.0% | -69.8% | ||
| Q2 24 | 3.2% | -89.3% | ||
| Q1 24 | -12.0% | 15.4% |
| Q4 25 | 0.1% | 4.6% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.3% | 0.8% | ||
| Q1 25 | 0.5% | 1.5% | ||
| Q4 24 | 0.3% | 3.8% | ||
| Q3 24 | 0.2% | 0.7% | ||
| Q2 24 | 0.5% | 1.4% | ||
| Q1 24 | 0.1% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
WD
Segment breakdown not available.
