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Side-by-side financial comparison of Freshworks Inc. (FRSH) 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 $222.7M, roughly 1.5× Freshworks Inc.). Freshworks Inc. runs the higher net margin — 86.0% vs -12.9%, a 98.9% gap on every dollar of revenue. On growth, Freshworks Inc. posted the faster year-over-year revenue change (14.5% vs -0.4%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 16.1%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
FRSH vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $340.0M |
| Net Profit | $191.4M | $-13.9M |
| Gross Margin | 85.6% | — |
| Operating Margin | 17.8% | -17.2% |
| Net Margin | 86.0% | -12.9% |
| Revenue YoY | 14.5% | -0.4% |
| Net Profit YoY | 974.2% | -131.0% |
| EPS (diluted) | $0.66 | $-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 | $222.7M | $340.0M | ||
| Q3 25 | $215.1M | $337.7M | ||
| Q2 25 | $204.7M | $319.2M | ||
| Q1 25 | $196.3M | $237.4M | ||
| Q4 24 | $194.6M | $341.5M | ||
| Q3 24 | $186.6M | $292.3M | ||
| Q2 24 | $174.1M | $270.7M | ||
| Q1 24 | $165.1M | $228.1M |
| Q4 25 | $191.4M | $-13.9M | ||
| Q3 25 | $-4.7M | $33.5M | ||
| Q2 25 | $-1.7M | $34.0M | ||
| Q1 25 | $-1.3M | $2.8M | ||
| Q4 24 | $-21.9M | $44.8M | ||
| Q3 24 | $-30.0M | $28.8M | ||
| Q2 24 | $-20.2M | $22.7M | ||
| Q1 24 | $-23.3M | $11.9M |
| Q4 25 | 85.6% | — | ||
| Q3 25 | 84.7% | — | ||
| Q2 25 | 84.8% | — | ||
| Q1 25 | 84.8% | — | ||
| Q4 24 | 84.9% | — | ||
| Q3 24 | 84.0% | — | ||
| Q2 24 | 83.8% | — | ||
| Q1 24 | 84.3% | — |
| Q4 25 | 17.8% | -17.2% | ||
| Q3 25 | -3.5% | 13.6% | ||
| Q2 25 | -4.2% | 14.5% | ||
| Q1 25 | -5.3% | 2.2% | ||
| Q4 24 | -12.2% | 15.3% | ||
| Q3 24 | -20.8% | 12.8% | ||
| Q2 24 | -25.1% | 10.4% | ||
| Q1 24 | -19.5% | 6.0% |
| Q4 25 | 86.0% | -12.9% | ||
| Q3 25 | -2.2% | 9.9% | ||
| Q2 25 | -0.8% | 10.6% | ||
| Q1 25 | -0.7% | 1.2% | ||
| Q4 24 | -11.3% | 13.1% | ||
| Q3 24 | -16.1% | 9.9% | ||
| Q2 24 | -11.6% | 8.4% | ||
| Q1 24 | -14.1% | 5.2% |
| Q4 25 | $0.66 | $-0.41 | ||
| Q3 25 | $-0.02 | $0.98 | ||
| Q2 25 | $-0.01 | $0.99 | ||
| Q1 25 | $0.00 | $0.08 | ||
| Q4 24 | $-0.07 | $1.32 | ||
| Q3 24 | $-0.10 | $0.85 | ||
| Q2 24 | $-0.07 | $0.67 | ||
| Q1 24 | $-0.08 | $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 | $781.4M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.0B | $1.7B |
| Total Assets | $1.6B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $299.3M | ||
| Q3 25 | $813.2M | $274.8M | ||
| Q2 25 | $926.2M | $233.7M | ||
| Q1 25 | $995.3M | $181.0M | ||
| Q4 24 | $1.1B | $279.3M | ||
| Q3 24 | $1.1B | $179.8M | ||
| Q2 24 | $1.0B | $208.1M | ||
| Q1 24 | $1.2B | $216.5M |
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $851.5M | $1.8B | ||
| Q2 25 | $984.6M | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.1B | $1.7B |
| Q4 25 | $1.6B | $5.1B | ||
| Q3 25 | $1.4B | $5.8B | ||
| Q2 25 | $1.5B | $4.7B | ||
| Q1 25 | $1.5B | $4.5B | ||
| Q4 24 | $1.6B | $4.4B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.5B | $4.2B | ||
| Q1 24 | $1.5B | $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 | $62.3M | $-664.3M |
| Free Cash FlowOCF − Capex | $60.1M | $-680.1M |
| FCF MarginFCF / Revenue | 27.0% | -200.0% |
| Capex IntensityCapex / Revenue | 1.0% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $-664.3M | ||
| Q3 25 | $63.5M | $-948.1M | ||
| Q2 25 | $58.6M | $-238.5M | ||
| Q1 25 | $58.0M | $-281.1M | ||
| Q4 24 | $41.4M | $129.4M | ||
| Q3 24 | $42.3M | $-202.0M | ||
| Q2 24 | $36.3M | $-237.8M | ||
| Q1 24 | $40.6M | $38.4M |
| Q4 25 | $60.1M | $-680.1M | ||
| Q3 25 | $61.7M | $-950.4M | ||
| Q2 25 | $58.2M | $-241.0M | ||
| Q1 25 | $56.7M | $-284.7M | ||
| Q4 24 | $36.3M | $116.4M | ||
| Q3 24 | $41.3M | $-204.0M | ||
| Q2 24 | $34.0M | $-241.7M | ||
| Q1 24 | $39.9M | $35.2M |
| Q4 25 | 27.0% | -200.0% | ||
| Q3 25 | 28.7% | -281.5% | ||
| Q2 25 | 28.4% | -75.5% | ||
| Q1 25 | 28.9% | -120.0% | ||
| Q4 24 | 18.7% | 34.1% | ||
| Q3 24 | 22.1% | -69.8% | ||
| Q2 24 | 19.5% | -89.3% | ||
| Q1 24 | 24.1% | 15.4% |
| Q4 25 | 1.0% | 4.6% | ||
| Q3 25 | 0.8% | 0.7% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | 0.7% | 1.5% | ||
| Q4 24 | 2.6% | 3.8% | ||
| Q3 24 | 0.6% | 0.7% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 0.4% | 1.4% |
| Q4 25 | 0.33× | — | ||
| 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
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
WD
Segment breakdown not available.
