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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) 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 $245.4M, roughly 1.4× Douglas Elliman Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs -12.9%, a 40.8% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -0.4%). Douglas Elliman Inc. produced more free cash flow last quarter ($-14.7M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 10.7%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
DOUG vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $340.0M |
| Net Profit | $68.6M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | -17.2% |
| Net Margin | 27.9% | -12.9% |
| Revenue YoY | 0.9% | -0.4% |
| Net Profit YoY | 1243.4% | -131.0% |
| EPS (diluted) | $0.80 | $-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 | $245.4M | $340.0M | ||
| Q3 25 | $262.8M | $337.7M | ||
| Q2 25 | $271.4M | $319.2M | ||
| Q1 25 | $253.4M | $237.4M | ||
| Q4 24 | $243.3M | $341.5M | ||
| Q3 24 | $266.3M | $292.3M | ||
| Q2 24 | $285.8M | $270.7M | ||
| Q1 24 | $200.2M | $228.1M |
| Q4 25 | $68.6M | $-13.9M | ||
| Q3 25 | $-24.7M | $33.5M | ||
| Q2 25 | $-22.7M | $34.0M | ||
| Q1 25 | $-6.0M | $2.8M | ||
| Q4 24 | $-6.0M | $44.8M | ||
| Q3 24 | $-27.2M | $28.8M | ||
| Q2 24 | $-1.7M | $22.7M | ||
| Q1 24 | $-41.5M | $11.9M |
| Q4 25 | 27.3% | -17.2% | ||
| Q3 25 | -4.1% | 13.6% | ||
| Q2 25 | -2.0% | 14.5% | ||
| Q1 25 | -2.1% | 2.2% | ||
| Q4 24 | -6.7% | 15.3% | ||
| Q3 24 | -2.8% | 12.8% | ||
| Q2 24 | -1.3% | 10.4% | ||
| Q1 24 | -20.7% | 6.0% |
| Q4 25 | 27.9% | -12.9% | ||
| Q3 25 | -9.4% | 9.9% | ||
| Q2 25 | -8.4% | 10.6% | ||
| Q1 25 | -2.4% | 1.2% | ||
| Q4 24 | -2.5% | 13.1% | ||
| Q3 24 | -10.2% | 9.9% | ||
| Q2 24 | -0.6% | 8.4% | ||
| Q1 24 | -20.7% | 5.2% |
| Q4 25 | $0.80 | $-0.41 | ||
| Q3 25 | $-0.29 | $0.98 | ||
| Q2 25 | $-0.27 | $0.99 | ||
| Q1 25 | $-0.07 | $0.08 | ||
| Q4 24 | $-0.06 | $1.32 | ||
| Q3 24 | $-0.33 | $0.85 | ||
| Q2 24 | $-0.02 | $0.67 | ||
| Q1 24 | $-0.50 | $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 | $115.5M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $183.9M | $1.7B |
| Total Assets | $444.4M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $299.3M | ||
| Q3 25 | $143.0M | $274.8M | ||
| Q2 25 | $136.3M | $233.7M | ||
| Q1 25 | $136.8M | $181.0M | ||
| Q4 24 | $145.5M | $279.3M | ||
| Q3 24 | $151.4M | $179.8M | ||
| Q2 24 | $92.9M | $208.1M | ||
| Q1 24 | $91.5M | $216.5M |
| Q4 25 | $183.9M | $1.7B | ||
| Q3 25 | $115.1M | $1.8B | ||
| Q2 25 | $137.6M | $1.8B | ||
| Q1 25 | $158.2M | $1.7B | ||
| Q4 24 | $162.2M | $1.7B | ||
| Q3 24 | $173.6M | $1.7B | ||
| Q2 24 | $196.9M | $1.7B | ||
| Q1 24 | $195.1M | $1.7B |
| Q4 25 | $444.4M | $5.1B | ||
| Q3 25 | $480.6M | $5.8B | ||
| Q2 25 | $489.0M | $4.7B | ||
| Q1 25 | $493.9M | $4.5B | ||
| Q4 24 | $493.9M | $4.4B | ||
| Q3 24 | $502.7M | $4.6B | ||
| Q2 24 | $463.9M | $4.2B | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $-664.3M |
| Free Cash FlowOCF − Capex | $-14.7M | $-680.1M |
| FCF MarginFCF / Revenue | -6.0% | -200.0% |
| Capex IntensityCapex / Revenue | 0.1% | 4.6% |
| Cash ConversionOCF / Net Profit | -0.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $-664.3M | ||
| Q3 25 | $5.5M | $-948.1M | ||
| Q2 25 | $642.0K | $-238.5M | ||
| Q1 25 | $-5.6M | $-281.1M | ||
| Q4 24 | $-9.0M | $129.4M | ||
| Q3 24 | $9.0M | $-202.0M | ||
| Q2 24 | $1.3M | $-237.8M | ||
| Q1 24 | $-27.3M | $38.4M |
| Q4 25 | $-14.7M | $-680.1M | ||
| Q3 25 | $4.7M | $-950.4M | ||
| Q2 25 | $-575.0K | $-241.0M | ||
| Q1 25 | $-6.7M | $-284.7M | ||
| Q4 24 | $-10.2M | $116.4M | ||
| Q3 24 | $7.7M | $-204.0M | ||
| Q2 24 | $432.0K | $-241.7M | ||
| Q1 24 | $-29.4M | $35.2M |
| Q4 25 | -6.0% | -200.0% | ||
| Q3 25 | 1.8% | -281.5% | ||
| Q2 25 | -0.2% | -75.5% | ||
| Q1 25 | -2.6% | -120.0% | ||
| Q4 24 | -4.2% | 34.1% | ||
| Q3 24 | 2.9% | -69.8% | ||
| Q2 24 | 0.2% | -89.3% | ||
| Q1 24 | -14.7% | 15.4% |
| Q4 25 | 0.1% | 4.6% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.4% | 0.8% | ||
| Q1 25 | 0.4% | 1.5% | ||
| Q4 24 | 0.5% | 3.8% | ||
| Q3 24 | 0.5% | 0.7% | ||
| Q2 24 | 0.3% | 1.4% | ||
| Q1 24 | 1.0% | 1.4% |
| Q4 25 | -0.21× | — | ||
| 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
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
WD
Segment breakdown not available.
