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Side-by-side financial comparison of EZCORP INC (EZPW) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
EZCORP INC is the larger business by last-quarter revenue ($382.0M vs $340.0M, roughly 1.1× Walker & Dunlop, Inc.). EZCORP INC runs the higher net margin — 11.6% vs -12.9%, a 24.5% gap on every dollar of revenue. On growth, EZCORP INC posted the faster year-over-year revenue change (19.3% vs -0.4%). EZCORP INC produced more free cash flow last quarter ($31.7M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 15.6%).
EZCORP, Inc. is an American pawn shop operator based in Austin, Texas which provides services across the United States and Latin America. It is a publicly traded company listed on the NASDAQ stock exchange and is the second largest pawn shop operator in the U.S. after Cash America International.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
EZPW vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.0M | $340.0M |
| Net Profit | $44.3M | $-13.9M |
| Gross Margin | 58.4% | — |
| Operating Margin | 15.9% | -17.2% |
| Net Margin | 11.6% | -12.9% |
| Revenue YoY | 19.3% | -0.4% |
| Net Profit YoY | 42.8% | -131.0% |
| EPS (diluted) | $0.55 | $-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 | $382.0M | $340.0M | ||
| Q3 25 | $336.8M | $337.7M | ||
| Q2 25 | $311.0M | $319.2M | ||
| Q1 25 | $306.3M | $237.4M | ||
| Q4 24 | $320.2M | $341.5M | ||
| Q3 24 | $294.6M | $292.3M | ||
| Q2 24 | $281.4M | $270.7M | ||
| Q1 24 | $285.6M | $228.1M |
| Q4 25 | $44.3M | $-13.9M | ||
| Q3 25 | $26.7M | $33.5M | ||
| Q2 25 | $26.5M | $34.0M | ||
| Q1 25 | $25.4M | $2.8M | ||
| Q4 24 | $31.0M | $44.8M | ||
| Q3 24 | $15.2M | $28.8M | ||
| Q2 24 | $17.9M | $22.7M | ||
| Q1 24 | $21.5M | $11.9M |
| Q4 25 | 58.4% | — | ||
| Q3 25 | 59.0% | — | ||
| Q2 25 | 59.1% | — | ||
| Q1 25 | 58.3% | — | ||
| Q4 24 | 57.9% | — | ||
| Q3 24 | 59.5% | — | ||
| Q2 24 | 59.2% | — | ||
| Q1 24 | 58.7% | — |
| Q4 25 | 15.9% | -17.2% | ||
| Q3 25 | 11.0% | 13.6% | ||
| Q2 25 | 11.6% | 14.5% | ||
| Q1 25 | 11.2% | 2.2% | ||
| Q4 24 | 13.1% | 15.3% | ||
| Q3 24 | 8.8% | 12.8% | ||
| Q2 24 | 7.9% | 10.4% | ||
| Q1 24 | 9.6% | 6.0% |
| Q4 25 | 11.6% | -12.9% | ||
| Q3 25 | 7.9% | 9.9% | ||
| Q2 25 | 8.5% | 10.6% | ||
| Q1 25 | 8.3% | 1.2% | ||
| Q4 24 | 9.7% | 13.1% | ||
| Q3 24 | 5.2% | 9.9% | ||
| Q2 24 | 6.4% | 8.4% | ||
| Q1 24 | 7.5% | 5.2% |
| Q4 25 | $0.55 | $-0.41 | ||
| Q3 25 | $0.35 | $0.98 | ||
| Q2 25 | $0.34 | $0.99 | ||
| Q1 25 | $0.33 | $0.08 | ||
| Q4 24 | $0.40 | $1.32 | ||
| Q3 24 | $0.20 | $0.85 | ||
| Q2 24 | $0.25 | $0.67 | ||
| Q1 24 | $0.29 | $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 | $465.9M | $299.3M |
| Total DebtLower is stronger | $518.6M | — |
| Stockholders' EquityBook value | $1.1B | $1.7B |
| Total Assets | $2.0B | $5.1B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $465.9M | $299.3M | ||
| Q3 25 | $469.5M | $274.8M | ||
| Q2 25 | $472.1M | $233.7M | ||
| Q1 25 | $505.2M | $181.0M | ||
| Q4 24 | $174.5M | $279.3M | ||
| Q3 24 | $170.5M | $179.8M | ||
| Q2 24 | $218.0M | $208.1M | ||
| Q1 24 | $229.1M | $216.5M |
| Q4 25 | $518.6M | — | ||
| Q3 25 | $518.1M | — | ||
| Q2 25 | $517.6M | — | ||
| Q1 25 | $620.5M | — | ||
| Q4 24 | $327.7M | — | ||
| Q3 24 | $327.3M | — | ||
| Q2 24 | $361.3M | — | ||
| Q1 24 | $360.9M | — |
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $990.1M | $1.8B | ||
| Q1 25 | $851.6M | $1.7B | ||
| Q4 24 | $823.9M | $1.7B | ||
| Q3 24 | $804.6M | $1.7B | ||
| Q2 24 | $801.5M | $1.7B | ||
| Q1 24 | $800.4M | $1.7B |
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $2.0B | $5.8B | ||
| Q2 25 | $1.9B | $4.7B | ||
| Q1 25 | $1.8B | $4.5B | ||
| Q4 24 | $1.5B | $4.4B | ||
| Q3 24 | $1.5B | $4.6B | ||
| Q2 24 | $1.5B | $4.2B | ||
| Q1 24 | $1.5B | $3.8B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | — |
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 | $39.1M | $-664.3M |
| Free Cash FlowOCF − Capex | $31.7M | $-680.1M |
| FCF MarginFCF / Revenue | 8.3% | -200.0% |
| Capex IntensityCapex / Revenue | 2.0% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $121.7M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.1M | $-664.3M | ||
| Q3 25 | $51.3M | $-948.1M | ||
| Q2 25 | $34.8M | $-238.5M | ||
| Q1 25 | $36.9M | $-281.1M | ||
| Q4 24 | $26.0M | $129.4M | ||
| Q3 24 | $43.3M | $-202.0M | ||
| Q2 24 | $33.7M | $-237.8M | ||
| Q1 24 | $15.1M | $38.4M |
| Q4 25 | $31.7M | $-680.1M | ||
| Q3 25 | $35.7M | $-950.4M | ||
| Q2 25 | $25.7M | $-241.0M | ||
| Q1 25 | $28.6M | $-284.7M | ||
| Q4 24 | $20.4M | $116.4M | ||
| Q3 24 | $24.4M | $-204.0M | ||
| Q2 24 | $30.5M | $-241.7M | ||
| Q1 24 | $8.6M | $35.2M |
| Q4 25 | 8.3% | -200.0% | ||
| Q3 25 | 10.6% | -281.5% | ||
| Q2 25 | 8.3% | -75.5% | ||
| Q1 25 | 9.3% | -120.0% | ||
| Q4 24 | 6.4% | 34.1% | ||
| Q3 24 | 8.3% | -69.8% | ||
| Q2 24 | 10.8% | -89.3% | ||
| Q1 24 | 3.0% | 15.4% |
| Q4 25 | 2.0% | 4.6% | ||
| Q3 25 | 4.6% | 0.7% | ||
| Q2 25 | 2.9% | 0.8% | ||
| Q1 25 | 2.7% | 1.5% | ||
| Q4 24 | 1.8% | 3.8% | ||
| Q3 24 | 6.4% | 0.7% | ||
| Q2 24 | 1.1% | 1.4% | ||
| Q1 24 | 2.3% | 1.4% |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.92× | -28.34× | ||
| Q2 25 | 1.31× | -7.02× | ||
| Q1 25 | 1.45× | -102.07× | ||
| Q4 24 | 0.84× | 2.89× | ||
| Q3 24 | 2.85× | -7.01× | ||
| Q2 24 | 1.88× | -10.49× | ||
| Q1 24 | 0.70× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EZPW
| Merchandise | $210.1M | 55% |
| Pawn Service | $131.9M | 35% |
| Jewelry Scrap | $39.9M | 10% |
WD
Segment breakdown not available.
