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Side-by-side financial comparison of Diversified Energy Co (DEC) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $340.0M, roughly 2.0× Walker & Dunlop, Inc.). Diversified Energy Co runs the higher net margin — 29.3% vs -12.9%, a 42.2% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $-680.1M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
DEC vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $340.0M |
| Net Profit | $195.5M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 37.6% | -17.2% |
| Net Margin | 29.3% | -12.9% |
| Revenue YoY | — | -0.4% |
| Net Profit YoY | — | -131.0% |
| EPS (diluted) | — | $-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 | $666.5M | $340.0M | ||
| Q3 25 | $499.8M | $337.7M | ||
| Q2 25 | $600.3M | $319.2M | ||
| Q1 25 | — | $237.4M | ||
| Q4 24 | — | $341.5M | ||
| Q3 24 | — | $292.3M | ||
| Q2 24 | — | $270.7M | ||
| Q1 24 | — | $228.1M |
| Q4 25 | $195.5M | $-13.9M | ||
| Q3 25 | $171.1M | $33.5M | ||
| Q2 25 | $297.7M | $34.0M | ||
| Q1 25 | — | $2.8M | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $28.8M | ||
| Q2 24 | — | $22.7M | ||
| Q1 24 | — | $11.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 37.6% | -17.2% | ||
| Q3 25 | 36.2% | 13.6% | ||
| Q2 25 | 48.5% | 14.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | — | 12.8% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | 29.3% | -12.9% | ||
| Q3 25 | 34.2% | 9.9% | ||
| Q2 25 | 49.6% | 10.6% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | — | $-0.41 | ||
| Q3 25 | $2.14 | $0.98 | ||
| Q2 25 | $3.67 | $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 | $29.7M | $299.3M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $1.7B |
| Total Assets | $6.2B | $5.1B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $299.3M | ||
| Q3 25 | — | $274.8M | ||
| Q2 25 | $23.7M | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | — | $279.3M | ||
| Q3 24 | — | $179.8M | ||
| Q2 24 | — | $208.1M | ||
| Q1 24 | — | $216.5M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $984.1M | $1.7B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $727.7M | $1.8B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $6.2B | $5.1B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | $5.7B | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | $-664.3M |
| Free Cash FlowOCF − Capex | $280.0M | $-680.1M |
| FCF MarginFCF / Revenue | 42.0% | -200.0% |
| Capex IntensityCapex / Revenue | 27.7% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $-664.3M | ||
| Q3 25 | — | $-948.1M | ||
| Q2 25 | $264.1M | $-238.5M | ||
| Q1 25 | — | $-281.1M | ||
| Q4 24 | — | $129.4M | ||
| Q3 24 | — | $-202.0M | ||
| Q2 24 | — | $-237.8M | ||
| Q1 24 | — | $38.4M |
| Q4 25 | $280.0M | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | 42.0% | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | 27.7% | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 2.38× | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | 0.89× | -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.
