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Side-by-side financial comparison of Hillman Solutions Corp. (HLMN) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Hillman Solutions Corp. is the larger business by last-quarter revenue ($370.1M vs $340.0M, roughly 1.1× Walker & Dunlop, Inc.). Hillman Solutions Corp. runs the higher net margin — -1.3% vs -12.9%, a 11.6% gap on every dollar of revenue. On growth, Hillman Solutions Corp. posted the faster year-over-year revenue change (3.0% vs -0.4%). Hillman Solutions Corp. produced more free cash flow last quarter ($-34.3M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -1.2%).
Hillman Solutions is an American hardware manufacturing, distribution and consumer fabrication services company.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
HLMN vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $370.1M | $340.0M |
| Net Profit | $-4.7M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 1.9% | -17.2% |
| Net Margin | -1.3% | -12.9% |
| Revenue YoY | 3.0% | -0.4% |
| Net Profit YoY | — | -131.0% |
| EPS (diluted) | $-0.02 | $-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.
| Q1 26 | $370.1M | — | ||
| Q4 25 | $365.1M | $340.0M | ||
| Q3 25 | $424.9M | $337.7M | ||
| Q2 25 | $402.8M | $319.2M | ||
| Q1 25 | $359.3M | $237.4M | ||
| Q4 24 | $349.6M | $341.5M | ||
| Q3 24 | $393.3M | $292.3M | ||
| Q2 24 | $379.4M | $270.7M |
| Q1 26 | $-4.7M | — | ||
| Q4 25 | $1.6M | $-13.9M | ||
| Q3 25 | $23.2M | $33.5M | ||
| Q2 25 | $15.8M | $34.0M | ||
| Q1 25 | $-317.0K | $2.8M | ||
| Q4 24 | $-1.2M | $44.8M | ||
| Q3 24 | $7.4M | $28.8M | ||
| Q2 24 | $12.5M | $22.7M |
| Q1 26 | 1.9% | — | ||
| Q4 25 | 4.6% | -17.2% | ||
| Q3 25 | 10.8% | 13.6% | ||
| Q2 25 | 9.0% | 14.5% | ||
| Q1 25 | 4.2% | 2.2% | ||
| Q4 24 | 4.0% | 15.3% | ||
| Q3 24 | 6.8% | 12.8% | ||
| Q2 24 | 8.3% | 10.4% |
| Q1 26 | -1.3% | — | ||
| Q4 25 | 0.4% | -12.9% | ||
| Q3 25 | 5.5% | 9.9% | ||
| Q2 25 | 3.9% | 10.6% | ||
| Q1 25 | -0.1% | 1.2% | ||
| Q4 24 | -0.3% | 13.1% | ||
| Q3 24 | 1.9% | 9.9% | ||
| Q2 24 | 3.3% | 8.4% |
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $0.00 | $-0.41 | ||
| Q3 25 | $0.12 | $0.98 | ||
| Q2 25 | $0.08 | $0.99 | ||
| Q1 25 | $0.00 | $0.08 | ||
| Q4 24 | $-0.00 | $1.32 | ||
| Q3 24 | $0.04 | $0.85 | ||
| Q2 24 | $0.06 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $27.7M | $299.3M |
| Total DebtLower is stronger | $714.1M | — |
| Stockholders' EquityBook value | $1.2B | $1.7B |
| Total Assets | $2.4B | $5.1B |
| Debt / EquityLower = less leverage | 0.59× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $27.7M | — | ||
| Q4 25 | $27.3M | $299.3M | ||
| Q3 25 | $37.7M | $274.8M | ||
| Q2 25 | $34.2M | $233.7M | ||
| Q1 25 | $36.3M | $181.0M | ||
| Q4 24 | $44.5M | $279.3M | ||
| Q3 24 | $59.8M | $179.8M | ||
| Q2 24 | $54.0M | $208.1M |
| Q1 26 | $714.1M | — | ||
| Q4 25 | $668.3M | — | ||
| Q3 25 | $683.2M | — | ||
| Q2 25 | $683.1M | — | ||
| Q1 25 | $713.5M | — | ||
| Q4 24 | $691.7M | — | ||
| Q3 24 | $730.7M | — | ||
| Q2 24 | $732.1M | — |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $2.4B | $5.8B | ||
| Q2 25 | $2.4B | $4.7B | ||
| Q1 25 | $2.3B | $4.5B | ||
| Q4 24 | $2.3B | $4.4B | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $2.4B | $4.2B |
| Q1 26 | 0.59× | — | ||
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — |
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 | — | $-664.3M |
| Free Cash FlowOCF − Capex | $-34.3M | $-680.1M |
| FCF MarginFCF / Revenue | -9.3% | -200.0% |
| Capex IntensityCapex / Revenue | 4.0% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $22.1M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $30.9M | $-664.3M | ||
| Q3 25 | $26.2M | $-948.1M | ||
| Q2 25 | $48.7M | $-238.5M | ||
| Q1 25 | $-655.0K | $-281.1M | ||
| Q4 24 | $43.1M | $129.4M | ||
| Q3 24 | $63.7M | $-202.0M | ||
| Q2 24 | $64.8M | $-237.8M |
| Q1 26 | $-34.3M | — | ||
| Q4 25 | $16.1M | $-680.1M | ||
| Q3 25 | $9.1M | $-950.4M | ||
| Q2 25 | $31.2M | $-241.0M | ||
| Q1 25 | $-21.3M | $-284.7M | ||
| Q4 24 | $22.1M | $116.4M | ||
| Q3 24 | $39.6M | $-204.0M | ||
| Q2 24 | $42.5M | $-241.7M |
| Q1 26 | -9.3% | — | ||
| Q4 25 | 4.4% | -200.0% | ||
| Q3 25 | 2.1% | -281.5% | ||
| Q2 25 | 7.7% | -75.5% | ||
| Q1 25 | -5.9% | -120.0% | ||
| Q4 24 | 6.3% | 34.1% | ||
| Q3 24 | 10.1% | -69.8% | ||
| Q2 24 | 11.2% | -89.3% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.0% | 4.6% | ||
| Q3 25 | 4.0% | 0.7% | ||
| Q2 25 | 4.3% | 0.8% | ||
| Q1 25 | 5.7% | 1.5% | ||
| Q4 24 | 6.0% | 3.8% | ||
| Q3 24 | 6.1% | 0.7% | ||
| Q2 24 | 5.9% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | 19.33× | — | ||
| Q3 25 | 1.13× | -28.34× | ||
| Q2 25 | 3.08× | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 8.57× | -7.01× | ||
| Q2 24 | 5.17× | -10.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
