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Side-by-side financial comparison of DELUXE CORP (DLX) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $340.0M, roughly 1.6× Walker & Dunlop, Inc.). DELUXE CORP runs the higher net margin — 2.2% vs -12.9%, a 15.1% gap on every dollar of revenue. On growth, DELUXE CORP posted the faster year-over-year revenue change (2.8% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
DLX vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $340.0M |
| Net Profit | $12.0M | $-13.9M |
| Gross Margin | 52.2% | — |
| Operating Margin | 8.9% | -17.2% |
| Net Margin | 2.2% | -12.9% |
| Revenue YoY | 2.8% | -0.4% |
| Net Profit YoY | -5.0% | -131.0% |
| EPS (diluted) | $0.25 | $-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 | $535.2M | $340.0M | ||
| Q3 25 | $540.2M | $337.7M | ||
| Q2 25 | $521.3M | $319.2M | ||
| Q1 25 | $536.5M | $237.4M | ||
| Q4 24 | $520.6M | $341.5M | ||
| Q3 24 | $528.4M | $292.3M | ||
| Q2 24 | $537.8M | $270.7M | ||
| Q1 24 | $535.0M | $228.1M |
| Q4 25 | $12.0M | $-13.9M | ||
| Q3 25 | $33.7M | $33.5M | ||
| Q2 25 | $22.4M | $34.0M | ||
| Q1 25 | $14.0M | $2.8M | ||
| Q4 24 | $12.6M | $44.8M | ||
| Q3 24 | $8.9M | $28.8M | ||
| Q2 24 | $20.5M | $22.7M | ||
| Q1 24 | $10.8M | $11.9M |
| Q4 25 | 52.2% | — | ||
| Q3 25 | 53.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 52.4% | — | ||
| Q4 24 | 52.3% | — | ||
| Q3 24 | 53.3% | — | ||
| Q2 24 | 53.7% | — | ||
| Q1 24 | 53.0% | — |
| Q4 25 | 8.9% | -17.2% | ||
| Q3 25 | 14.0% | 13.6% | ||
| Q2 25 | 11.7% | 14.5% | ||
| Q1 25 | 9.0% | 2.2% | ||
| Q4 24 | 9.0% | 15.3% | ||
| Q3 24 | 7.9% | 12.8% | ||
| Q2 24 | 11.0% | 10.4% | ||
| Q1 24 | 8.3% | 6.0% |
| Q4 25 | 2.2% | -12.9% | ||
| Q3 25 | 6.2% | 9.9% | ||
| Q2 25 | 4.3% | 10.6% | ||
| Q1 25 | 2.6% | 1.2% | ||
| Q4 24 | 2.4% | 13.1% | ||
| Q3 24 | 1.7% | 9.9% | ||
| Q2 24 | 3.8% | 8.4% | ||
| Q1 24 | 2.0% | 5.2% |
| Q4 25 | $0.25 | $-0.41 | ||
| Q3 25 | $0.74 | $0.98 | ||
| Q2 25 | $0.50 | $0.99 | ||
| Q1 25 | $0.31 | $0.08 | ||
| Q4 24 | $0.28 | $1.32 | ||
| Q3 24 | $0.20 | $0.85 | ||
| Q2 24 | $0.46 | $0.67 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $1.7B |
| Total Assets | $2.9B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $299.3M | ||
| Q3 25 | $25.8M | $274.8M | ||
| Q2 25 | $26.0M | $233.7M | ||
| Q1 25 | $30.3M | $181.0M | ||
| Q4 24 | $34.4M | $279.3M | ||
| Q3 24 | $41.3M | $179.8M | ||
| Q2 24 | $23.1M | $208.1M | ||
| Q1 24 | $23.5M | $216.5M |
| Q4 25 | $680.7M | $1.7B | ||
| Q3 25 | $664.1M | $1.8B | ||
| Q2 25 | $638.7M | $1.8B | ||
| Q1 25 | $622.5M | $1.7B | ||
| Q4 24 | $620.9M | $1.7B | ||
| Q3 24 | $612.7M | $1.7B | ||
| Q2 24 | $620.5M | $1.7B | ||
| Q1 24 | $608.4M | $1.7B |
| Q4 25 | $2.9B | $5.1B | ||
| Q3 25 | $2.6B | $5.8B | ||
| Q2 25 | $2.5B | $4.7B | ||
| Q1 25 | $2.6B | $4.5B | ||
| Q4 24 | $2.8B | $4.4B | ||
| Q3 24 | $2.6B | $4.6B | ||
| Q2 24 | $2.7B | $4.2B | ||
| Q1 24 | $2.7B | $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 | $102.1M | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 8.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $-664.3M | ||
| Q3 25 | $67.1M | $-948.1M | ||
| Q2 25 | $51.1M | $-238.5M | ||
| Q1 25 | $50.3M | $-281.1M | ||
| Q4 24 | $60.2M | $129.4M | ||
| Q3 24 | $67.9M | $-202.0M | ||
| Q2 24 | $39.6M | $-237.8M | ||
| Q1 24 | $26.6M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | $27.8M | $-241.0M | ||
| Q1 25 | $24.3M | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | $46.7M | $-204.0M | ||
| Q2 24 | $11.4M | $-241.7M | ||
| Q1 24 | $6.1M | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | 5.3% | -75.5% | ||
| Q1 25 | 4.5% | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | 8.8% | -69.8% | ||
| Q2 24 | 2.1% | -89.3% | ||
| Q1 24 | 1.1% | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 4.5% | 0.8% | ||
| Q1 25 | 4.8% | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | 4.0% | 0.7% | ||
| Q2 24 | 5.2% | 1.4% | ||
| Q1 24 | 3.8% | 1.4% |
| Q4 25 | 8.53× | — | ||
| Q3 25 | 1.99× | -28.34× | ||
| Q2 25 | 2.28× | -7.02× | ||
| Q1 25 | 3.59× | -102.07× | ||
| Q4 24 | 4.77× | 2.89× | ||
| Q3 24 | 7.60× | -7.01× | ||
| Q2 24 | 1.94× | -10.49× | ||
| Q1 24 | 2.46× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
WD
Segment breakdown not available.
