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Side-by-side financial comparison of CRA INTERNATIONAL, INC. (CRAI) 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 $197.0M, roughly 1.7× CRA INTERNATIONAL, INC.). CRA INTERNATIONAL, INC. runs the higher net margin — 6.7% vs -12.9%, a 19.6% gap on every dollar of revenue. On growth, CRA INTERNATIONAL, INC. posted the faster year-over-year revenue change (281.6% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 7.1%).
CRA INTERNATIONAL, INC.CRAIEarnings & Financial Report
CRA International, Inc. is a global consulting firm headquartered in Boston. The firm provides expert testimony and litigation support, strategic advice, and analysis to law firms, corporations, accounting firms, and governments.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
CRAI vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $197.0M | $340.0M |
| Net Profit | $13.2M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 10.5% | -17.2% |
| Net Margin | 6.7% | -12.9% |
| Revenue YoY | 281.6% | -0.4% |
| Net Profit YoY | -71.7% | -131.0% |
| EPS (diluted) | $1.99 | $-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 | $197.0M | $340.0M | ||
| Q3 25 | $185.9M | $337.7M | ||
| Q2 25 | $186.9M | $319.2M | ||
| Q1 25 | $181.9M | $237.4M | ||
| Q4 24 | $176.4M | $341.5M | ||
| Q3 24 | $167.7M | $292.3M | ||
| Q2 24 | $171.4M | $270.7M | ||
| Q1 24 | $171.8M | $228.1M |
| Q4 25 | $13.2M | $-13.9M | ||
| Q3 25 | $11.5M | $33.5M | ||
| Q2 25 | $12.1M | $34.0M | ||
| Q1 25 | $18.0M | $2.8M | ||
| Q4 24 | $15.0M | $44.8M | ||
| Q3 24 | $11.4M | $28.8M | ||
| Q2 24 | $6.5M | $22.7M | ||
| Q1 24 | $13.7M | $11.9M |
| Q4 25 | 10.5% | -17.2% | ||
| Q3 25 | 9.3% | 13.6% | ||
| Q2 25 | 10.6% | 14.5% | ||
| Q1 25 | 14.0% | 2.2% | ||
| Q4 24 | 12.2% | 15.3% | ||
| Q3 24 | 11.0% | 12.8% | ||
| Q2 24 | 6.6% | 10.4% | ||
| Q1 24 | 11.4% | 6.0% |
| Q4 25 | 6.7% | -12.9% | ||
| Q3 25 | 6.2% | 9.9% | ||
| Q2 25 | 6.5% | 10.6% | ||
| Q1 25 | 9.9% | 1.2% | ||
| Q4 24 | 8.5% | 13.1% | ||
| Q3 24 | 6.8% | 9.9% | ||
| Q2 24 | 3.8% | 8.4% | ||
| Q1 24 | 8.0% | 5.2% |
| Q4 25 | $1.99 | $-0.41 | ||
| Q3 25 | — | $0.98 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $1.32 | ||
| Q3 24 | — | $0.85 | ||
| Q2 24 | — | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.2M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $213.6M | $1.7B |
| Total Assets | $628.9M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $299.3M | ||
| Q3 25 | $22.5M | $274.8M | ||
| Q2 25 | $19.4M | $233.7M | ||
| Q1 25 | $25.6M | $181.0M | ||
| Q4 24 | $26.7M | $279.3M | ||
| Q3 24 | $24.5M | $179.8M | ||
| Q2 24 | $24.6M | $208.1M | ||
| Q1 24 | $37.1M | $216.5M |
| Q4 25 | $213.6M | $1.7B | ||
| Q3 25 | $201.7M | $1.8B | ||
| Q2 25 | $197.0M | $1.8B | ||
| Q1 25 | $227.3M | $1.7B | ||
| Q4 24 | $212.1M | $1.7B | ||
| Q3 24 | $204.5M | $1.7B | ||
| Q2 24 | $191.7M | $1.7B | ||
| Q1 24 | $211.8M | $1.7B |
| Q4 25 | $628.9M | $5.1B | ||
| Q3 25 | $629.0M | $5.8B | ||
| Q2 25 | $606.8M | $4.7B | ||
| Q1 25 | $590.4M | $4.5B | ||
| Q4 24 | $571.4M | $4.4B | ||
| Q3 24 | $582.3M | $4.6B | ||
| Q2 24 | $546.0M | $4.2B | ||
| Q1 24 | $552.5M | $3.8B |
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 | $22.4M | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 1.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-664.3M | ||
| Q3 25 | $36.5M | $-948.1M | ||
| Q2 25 | $5.9M | $-238.5M | ||
| Q1 25 | $-80.0M | $-281.1M | ||
| Q4 24 | $79.4M | $129.4M | ||
| Q3 24 | $31.6M | $-202.0M | ||
| Q2 24 | $1.8M | $-237.8M | ||
| Q1 24 | $-63.1M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | $35.9M | $-950.4M | ||
| Q2 25 | $4.7M | $-241.0M | ||
| Q1 25 | $-81.0M | $-284.7M | ||
| Q4 24 | $68.8M | $116.4M | ||
| Q3 24 | $28.6M | $-204.0M | ||
| Q2 24 | $-509.0K | $-241.7M | ||
| Q1 24 | $-63.8M | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | 19.3% | -281.5% | ||
| Q2 25 | 2.5% | -75.5% | ||
| Q1 25 | -44.5% | -120.0% | ||
| Q4 24 | 39.0% | 34.1% | ||
| Q3 24 | 17.0% | -69.8% | ||
| Q2 24 | -0.3% | -89.3% | ||
| Q1 24 | -37.1% | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 0.5% | 1.5% | ||
| Q4 24 | 6.0% | 3.8% | ||
| Q3 24 | 1.8% | 0.7% | ||
| Q2 24 | 1.4% | 1.4% | ||
| Q1 24 | 0.4% | 1.4% |
| Q4 25 | 1.70× | — | ||
| Q3 25 | 3.19× | -28.34× | ||
| Q2 25 | 0.48× | -7.02× | ||
| Q1 25 | -4.44× | -102.07× | ||
| Q4 24 | 5.30× | 2.89× | ||
| Q3 24 | 2.76× | -7.01× | ||
| Q2 24 | 0.28× | -10.49× | ||
| Q1 24 | -4.61× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
