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Side-by-side financial comparison of Fastly, Inc. (FSLY) 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 $172.6M, roughly 2.0× Fastly, Inc.). Fastly, Inc. runs the higher net margin — -9.0% vs -12.9%, a 3.9% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs -0.4%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 13.7%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
FSLY vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $340.0M |
| Net Profit | $-15.5M | $-13.9M |
| Gross Margin | 61.4% | — |
| Operating Margin | -8.7% | -17.2% |
| Net Margin | -9.0% | -12.9% |
| Revenue YoY | 22.8% | -0.4% |
| Net Profit YoY | 52.9% | -131.0% |
| EPS (diluted) | $-0.10 | $-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 | $172.6M | $340.0M | ||
| Q3 25 | $158.2M | $337.7M | ||
| Q2 25 | $148.7M | $319.2M | ||
| Q1 25 | $144.5M | $237.4M | ||
| Q4 24 | $140.6M | $341.5M | ||
| Q3 24 | $137.2M | $292.3M | ||
| Q2 24 | $132.4M | $270.7M | ||
| Q1 24 | $133.5M | $228.1M |
| Q4 25 | $-15.5M | $-13.9M | ||
| Q3 25 | $-29.5M | $33.5M | ||
| Q2 25 | $-37.5M | $34.0M | ||
| Q1 25 | $-39.1M | $2.8M | ||
| Q4 24 | $-32.9M | $44.8M | ||
| Q3 24 | $-38.0M | $28.8M | ||
| Q2 24 | $-43.7M | $22.7M | ||
| Q1 24 | $-43.4M | $11.9M |
| Q4 25 | 61.4% | — | ||
| Q3 25 | 58.4% | — | ||
| Q2 25 | 54.5% | — | ||
| Q1 25 | 53.2% | — | ||
| Q4 24 | 53.4% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 55.1% | — | ||
| Q1 24 | 54.8% | — |
| Q4 25 | -8.7% | -17.2% | ||
| Q3 25 | -18.2% | 13.6% | ||
| Q2 25 | -24.8% | 14.5% | ||
| Q1 25 | -26.4% | 2.2% | ||
| Q4 24 | -24.4% | 15.3% | ||
| Q3 24 | -29.6% | 12.8% | ||
| Q2 24 | -35.3% | 10.4% | ||
| Q1 24 | -34.6% | 6.0% |
| Q4 25 | -9.0% | -12.9% | ||
| Q3 25 | -18.6% | 9.9% | ||
| Q2 25 | -25.2% | 10.6% | ||
| Q1 25 | -27.1% | 1.2% | ||
| Q4 24 | -23.4% | 13.1% | ||
| Q3 24 | -27.7% | 9.9% | ||
| Q2 24 | -33.0% | 8.4% | ||
| Q1 24 | -32.5% | 5.2% |
| Q4 25 | $-0.10 | $-0.41 | ||
| Q3 25 | $-0.20 | $0.98 | ||
| Q2 25 | $-0.26 | $0.99 | ||
| Q1 25 | $-0.27 | $0.08 | ||
| Q4 24 | $-0.23 | $1.32 | ||
| Q3 24 | $-0.27 | $0.85 | ||
| Q2 24 | $-0.32 | $0.67 | ||
| Q1 24 | $-0.32 | $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 | $361.8M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $1.7B |
| Total Assets | $1.5B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $299.3M | ||
| Q3 25 | $342.9M | $274.8M | ||
| Q2 25 | $321.2M | $233.7M | ||
| Q1 25 | $307.3M | $181.0M | ||
| Q4 24 | $295.9M | $279.3M | ||
| Q3 24 | $308.2M | $179.8M | ||
| Q2 24 | $311.8M | $208.1M | ||
| Q1 24 | $329.5M | $216.5M |
| Q4 25 | $929.6M | $1.7B | ||
| Q3 25 | $937.0M | $1.8B | ||
| Q2 25 | $942.6M | $1.8B | ||
| Q1 25 | $957.0M | $1.7B | ||
| Q4 24 | $965.3M | $1.7B | ||
| Q3 24 | $969.5M | $1.7B | ||
| Q2 24 | $981.2M | $1.7B | ||
| Q1 24 | $991.8M | $1.7B |
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.5B | $4.7B | ||
| Q1 25 | $1.4B | $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 |
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 | $22.4M | $-664.3M |
| Free Cash FlowOCF − Capex | $12.2M | $-680.1M |
| FCF MarginFCF / Revenue | 7.1% | -200.0% |
| Capex IntensityCapex / Revenue | 5.9% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-664.3M | ||
| Q3 25 | $28.9M | $-948.1M | ||
| Q2 25 | $25.8M | $-238.5M | ||
| Q1 25 | $17.3M | $-281.1M | ||
| Q4 24 | $5.2M | $129.4M | ||
| Q3 24 | $5.0M | $-202.0M | ||
| Q2 24 | $-4.9M | $-237.8M | ||
| Q1 24 | $11.1M | $38.4M |
| Q4 25 | $12.2M | $-680.1M | ||
| Q3 25 | $22.9M | $-950.4M | ||
| Q2 25 | $15.9M | $-241.0M | ||
| Q1 25 | $14.7M | $-284.7M | ||
| Q4 24 | $251.0K | $116.4M | ||
| Q3 24 | $3.0M | $-204.0M | ||
| Q2 24 | $-6.7M | $-241.7M | ||
| Q1 24 | $9.5M | $35.2M |
| Q4 25 | 7.1% | -200.0% | ||
| Q3 25 | 14.5% | -281.5% | ||
| Q2 25 | 10.7% | -75.5% | ||
| Q1 25 | 10.2% | -120.0% | ||
| Q4 24 | 0.2% | 34.1% | ||
| Q3 24 | 2.2% | -69.8% | ||
| Q2 24 | -5.1% | -89.3% | ||
| Q1 24 | 7.1% | 15.4% |
| Q4 25 | 5.9% | 4.6% | ||
| Q3 25 | 3.8% | 0.7% | ||
| Q2 25 | 6.6% | 0.8% | ||
| Q1 25 | 1.8% | 1.5% | ||
| Q4 24 | 3.5% | 3.8% | ||
| Q3 24 | 1.5% | 0.7% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 1.2% | 1.4% |
| Q4 25 | — | — | ||
| 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
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
WD
Segment breakdown not available.
