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Side-by-side financial comparison of Credo Technology Group Holding Ltd (CRDO) 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 $268.0M, roughly 1.3× Credo Technology Group Holding Ltd). Credo Technology Group Holding Ltd runs the higher net margin — 30.8% vs -12.9%, a 43.7% gap on every dollar of revenue. On growth, Credo Technology Group Holding Ltd posted the faster year-over-year revenue change (272.1% vs -0.4%). Credo Technology Group Holding Ltd produced more free cash flow last quarter ($38.5M vs $-680.1M). Over the past eight quarters, Credo Technology Group Holding Ltd's revenue compounded faster (124.8% CAGR vs 22.1%).

Seiko Group is a corporate group composed of Seiko Group Corporation and its subsidiaries and affiliates. It used to be recognized as a corporate group consisting of three core companies Seiko Holdings Corp., Seiko Instruments Inc., and Seiko Epson Corp. The three companies were linked by a common thread of timepiece technology. Although Epson still develops and manufactures wristwatches for the Seiko Group, Epson and its subsidiaries are not considered part of the group.

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

CRDO vs WD — Head-to-Head

Bigger by revenue
WD
WD
1.3× larger
WD
$340.0M
$268.0M
CRDO
Growing faster (revenue YoY)
CRDO
CRDO
+272.5% gap
CRDO
272.1%
-0.4%
WD
Higher net margin
CRDO
CRDO
43.7% more per $
CRDO
30.8%
-12.9%
WD
More free cash flow
CRDO
CRDO
$718.6M more FCF
CRDO
$38.5M
$-680.1M
WD
Faster 2-yr revenue CAGR
CRDO
CRDO
Annualised
CRDO
124.8%
22.1%
WD

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
CRDO
CRDO
WD
WD
Revenue
$268.0M
$340.0M
Net Profit
$82.6M
$-13.9M
Gross Margin
67.5%
Operating Margin
29.4%
-17.2%
Net Margin
30.8%
-12.9%
Revenue YoY
272.1%
-0.4%
Net Profit YoY
2055.9%
-131.0%
EPS (diluted)
$0.44
$-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
CRDO
CRDO
WD
WD
Q4 25
$268.0M
$340.0M
Q3 25
$223.1M
$337.7M
Q2 25
$170.0M
$319.2M
Q1 25
$135.0M
$237.4M
Q4 24
$72.0M
$341.5M
Q3 24
$59.7M
$292.3M
Q2 24
$60.8M
$270.7M
Q1 24
$53.1M
$228.1M
Net Profit
CRDO
CRDO
WD
WD
Q4 25
$82.6M
$-13.9M
Q3 25
$63.4M
$33.5M
Q2 25
$36.6M
$34.0M
Q1 25
$29.4M
$2.8M
Q4 24
$-4.2M
$44.8M
Q3 24
$-9.5M
$28.8M
Q2 24
$-10.5M
$22.7M
Q1 24
$428.0K
$11.9M
Gross Margin
CRDO
CRDO
WD
WD
Q4 25
67.5%
Q3 25
67.4%
Q2 25
67.2%
Q1 25
63.6%
Q4 24
63.2%
Q3 24
62.4%
Q2 24
65.8%
Q1 24
61.4%
Operating Margin
CRDO
CRDO
WD
WD
Q4 25
29.4%
-17.2%
Q3 25
27.2%
13.6%
Q2 25
19.9%
14.5%
Q1 25
19.4%
2.2%
Q4 24
-11.7%
15.3%
Q3 24
-24.2%
12.8%
Q2 24
-13.0%
10.4%
Q1 24
-11.1%
6.0%
Net Margin
CRDO
CRDO
WD
WD
Q4 25
30.8%
-12.9%
Q3 25
28.4%
9.9%
Q2 25
21.5%
10.6%
Q1 25
21.7%
1.2%
Q4 24
-5.9%
13.1%
Q3 24
-16.0%
9.9%
Q2 24
-17.2%
8.4%
Q1 24
0.8%
5.2%
EPS (diluted)
CRDO
CRDO
WD
WD
Q4 25
$0.44
$-0.41
Q3 25
$0.34
$0.98
Q2 25
$0.22
$0.99
Q1 25
$0.16
$0.08
Q4 24
$-0.03
$1.32
Q3 24
$-0.06
$0.85
Q2 24
$-0.06
$0.67
Q1 24
$0.00
$0.35

Balance Sheet & Financial Strength

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

Metric
CRDO
CRDO
WD
WD
Cash + ST InvestmentsLiquidity on hand
$813.6M
$299.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$1.7B
Total Assets
$1.4B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRDO
CRDO
WD
WD
Q4 25
$813.6M
$299.3M
Q3 25
$479.6M
$274.8M
Q2 25
$431.3M
$233.7M
Q1 25
$379.2M
$181.0M
Q4 24
$383.0M
$279.3M
Q3 24
$398.6M
$179.8M
Q2 24
$410.0M
$208.1M
Q1 24
$409.1M
$216.5M
Stockholders' Equity
CRDO
CRDO
WD
WD
Q4 25
$1.3B
$1.7B
Q3 25
$781.4M
$1.8B
Q2 25
$681.6M
$1.8B
Q1 25
$618.2M
$1.7B
Q4 24
$567.9M
$1.7B
Q3 24
$553.1M
$1.7B
Q2 24
$540.2M
$1.7B
Q1 24
$534.0M
$1.7B
Total Assets
CRDO
CRDO
WD
WD
Q4 25
$1.4B
$5.1B
Q3 25
$905.2M
$5.8B
Q2 25
$809.3M
$4.7B
Q1 25
$719.9M
$4.5B
Q4 24
$638.6M
$4.4B
Q3 24
$644.9M
$4.6B
Q2 24
$601.9M
$4.2B
Q1 24
$592.5M
$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
CRDO
CRDO
WD
WD
Operating Cash FlowLast quarter
$61.7M
$-664.3M
Free Cash FlowOCF − Capex
$38.5M
$-680.1M
FCF MarginFCF / Revenue
14.4%
-200.0%
Capex IntensityCapex / Revenue
8.7%
4.6%
Cash ConversionOCF / Net Profit
0.75×
TTM Free Cash FlowTrailing 4 quarters
$143.6M
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRDO
CRDO
WD
WD
Q4 25
$61.7M
$-664.3M
Q3 25
$54.2M
$-948.1M
Q2 25
$57.8M
$-238.5M
Q1 25
$4.2M
$-281.1M
Q4 24
$10.3M
$129.4M
Q3 24
$-7.2M
$-202.0M
Q2 24
$4.2M
$-237.8M
Q1 24
$-1.0M
$38.4M
Free Cash Flow
CRDO
CRDO
WD
WD
Q4 25
$38.5M
$-680.1M
Q3 25
$51.3M
$-950.4M
Q2 25
$54.2M
$-241.0M
Q1 25
$-383.0K
$-284.7M
Q4 24
$-11.7M
$116.4M
Q3 24
$-13.1M
$-204.0M
Q2 24
$962.0K
$-241.7M
Q1 24
$-6.1M
$35.2M
FCF Margin
CRDO
CRDO
WD
WD
Q4 25
14.4%
-200.0%
Q3 25
23.0%
-281.5%
Q2 25
31.9%
-75.5%
Q1 25
-0.3%
-120.0%
Q4 24
-16.2%
34.1%
Q3 24
-21.9%
-69.8%
Q2 24
1.6%
-89.3%
Q1 24
-11.6%
15.4%
Capex Intensity
CRDO
CRDO
WD
WD
Q4 25
8.7%
4.6%
Q3 25
1.3%
0.7%
Q2 25
2.1%
0.8%
Q1 25
3.4%
1.5%
Q4 24
30.5%
3.8%
Q3 24
9.8%
0.7%
Q2 24
5.3%
1.4%
Q1 24
9.6%
1.4%
Cash Conversion
CRDO
CRDO
WD
WD
Q4 25
0.75×
Q3 25
0.85×
-28.34×
Q2 25
1.58×
-7.02×
Q1 25
0.14×
-102.07×
Q4 24
2.89×
Q3 24
-7.01×
Q2 24
-10.49×
Q1 24
-2.42×
3.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRDO
CRDO

Other$132.1M49%
HK$104.4M39%
RESTOFTHEWORLD$31.5M12%

WD
WD

Segment breakdown not available.

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