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Side-by-side financial comparison of Innovex International, Inc. (INVX) 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 $273.6M, roughly 1.2× Innovex International, Inc.). Innovex International, Inc. runs the higher net margin — 5.1% vs -12.9%, a 18.0% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs -0.4%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 22.1%).
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
INVX vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $340.0M |
| Net Profit | $14.0M | $-13.9M |
| Gross Margin | 28.9% | — |
| Operating Margin | 9.4% | -17.2% |
| Net Margin | 5.1% | -12.9% |
| Revenue YoY | 9.1% | -0.4% |
| Net Profit YoY | -56.1% | -131.0% |
| EPS (diluted) | $0.20 | $-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 | $273.6M | $340.0M | ||
| Q3 25 | $240.0M | $337.7M | ||
| Q2 25 | $224.2M | $319.2M | ||
| Q1 25 | $240.4M | $237.4M | ||
| Q4 24 | $250.7M | $341.5M | ||
| Q3 24 | $151.8M | $292.3M | ||
| Q2 24 | $130.3M | $270.7M | ||
| Q1 24 | $128.0M | $228.1M |
| Q4 25 | $14.0M | $-13.9M | ||
| Q3 25 | $39.2M | $33.5M | ||
| Q2 25 | $15.3M | $34.0M | ||
| Q1 25 | $14.8M | $2.8M | ||
| Q4 24 | $31.8M | $44.8M | ||
| Q3 24 | $82.6M | $28.8M | ||
| Q2 24 | $9.5M | $22.7M | ||
| Q1 24 | $16.4M | $11.9M |
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 32.0% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 38.4% | — |
| Q4 25 | 9.4% | -17.2% | ||
| Q3 25 | 26.0% | 13.6% | ||
| Q2 25 | 10.1% | 14.5% | ||
| Q1 25 | 9.1% | 2.2% | ||
| Q4 24 | 10.7% | 15.3% | ||
| Q3 24 | -8.7% | 12.8% | ||
| Q2 24 | 10.0% | 10.4% | ||
| Q1 24 | 17.4% | 6.0% |
| Q4 25 | 5.1% | -12.9% | ||
| Q3 25 | 16.3% | 9.9% | ||
| Q2 25 | 6.8% | 10.6% | ||
| Q1 25 | 6.1% | 1.2% | ||
| Q4 24 | 12.7% | 13.1% | ||
| Q3 24 | 54.4% | 9.9% | ||
| Q2 24 | 7.3% | 8.4% | ||
| Q1 24 | 12.8% | 5.2% |
| Q4 25 | $0.20 | $-0.41 | ||
| Q3 25 | $0.57 | $0.98 | ||
| Q2 25 | $0.22 | $0.99 | ||
| Q1 25 | $0.21 | $0.08 | ||
| Q4 24 | $-0.03 | $1.32 | ||
| Q3 24 | $1.99 | $0.85 | ||
| Q2 24 | $0.30 | $0.67 | ||
| Q1 24 | $0.51 | $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 | — | $299.3M |
| Total DebtLower is stronger | $18.9M | — |
| Stockholders' EquityBook value | $1.1B | $1.7B |
| Total Assets | $1.3B | $5.1B |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $299.3M | ||
| Q3 25 | — | $274.8M | ||
| Q2 25 | — | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | — | $279.3M | ||
| Q3 24 | — | $179.8M | ||
| Q2 24 | $185.6M | $208.1M | ||
| Q1 24 | $202.2M | $216.5M |
| Q4 25 | $18.9M | — | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $19.7M | — | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $12.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $995.6M | $1.8B | ||
| Q1 25 | $978.4M | $1.7B | ||
| Q4 24 | $958.2M | $1.7B | ||
| Q3 24 | $904.4M | $1.7B | ||
| Q2 24 | $352.5M | $1.7B | ||
| Q1 24 | $344.3M | $1.7B |
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.2B | $4.5B | ||
| Q4 24 | $1.2B | $4.4B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.0B | $4.2B | ||
| Q1 24 | $1.0B | $3.8B |
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $52.2M | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.2M | $-664.3M | ||
| Q3 25 | $48.4M | $-948.1M | ||
| Q2 25 | $59.2M | $-238.5M | ||
| Q1 25 | $31.1M | $-281.1M | ||
| Q4 24 | $36.3M | $129.4M | ||
| Q3 24 | $21.7M | $-202.0M | ||
| Q2 24 | $22.8M | $-237.8M | ||
| Q1 24 | $12.6M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | $16.6M | $-241.7M | ||
| Q1 24 | $7.8M | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | 12.7% | -89.3% | ||
| Q1 24 | 6.1% | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | 4.7% | 1.4% | ||
| Q1 24 | 3.7% | 1.4% |
| Q4 25 | 3.74× | — | ||
| Q3 25 | 1.23× | -28.34× | ||
| Q2 25 | 3.86× | -7.02× | ||
| Q1 25 | 2.11× | -102.07× | ||
| Q4 24 | 1.14× | 2.89× | ||
| Q3 24 | 0.26× | -7.01× | ||
| Q2 24 | 2.39× | -10.49× | ||
| Q1 24 | 0.77× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
WD
Segment breakdown not available.
