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Side-by-side financial comparison of loanDepot, Inc. (LDI) 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 $310.3M, roughly 1.1× loanDepot, Inc.). loanDepot, Inc. runs the higher net margin — -7.2% vs -12.9%, a 5.7% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs -0.4%). loanDepot, Inc. produced more free cash flow last quarter ($-648.0M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 18.0%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
LDI vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $340.0M |
| Net Profit | $-22.5M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | -10.3% | -17.2% |
| Net Margin | -7.2% | -12.9% |
| Revenue YoY | 20.5% | -0.4% |
| Net Profit YoY | 32.4% | -131.0% |
| EPS (diluted) | — | $-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 | $310.3M | $340.0M | ||
| Q3 25 | $323.3M | $337.7M | ||
| Q2 25 | $282.5M | $319.2M | ||
| Q1 25 | $273.6M | $237.4M | ||
| Q4 24 | $257.5M | $341.5M | ||
| Q3 24 | $314.6M | $292.3M | ||
| Q2 24 | $265.4M | $270.7M | ||
| Q1 24 | $222.8M | $228.1M |
| Q4 25 | $-22.5M | $-13.9M | ||
| Q3 25 | $-4.9M | $33.5M | ||
| Q2 25 | $-13.4M | $34.0M | ||
| Q1 25 | $-21.9M | $2.8M | ||
| Q4 24 | $-33.2M | $44.8M | ||
| Q3 24 | $1.4M | $28.8M | ||
| Q2 24 | $-32.2M | $22.7M | ||
| Q1 24 | $-34.3M | $11.9M |
| Q4 25 | -10.3% | -17.2% | ||
| Q3 25 | -3.2% | 13.6% | ||
| Q2 25 | -11.4% | 14.5% | ||
| Q1 25 | -16.8% | 2.2% | ||
| Q4 24 | -32.7% | 15.3% | ||
| Q3 24 | 1.1% | 12.8% | ||
| Q2 24 | -29.1% | 10.4% | ||
| Q1 24 | -38.2% | 6.0% |
| Q4 25 | -7.2% | -12.9% | ||
| Q3 25 | -1.5% | 9.9% | ||
| Q2 25 | -4.7% | 10.6% | ||
| Q1 25 | -8.0% | 1.2% | ||
| Q4 24 | -12.9% | 13.1% | ||
| Q3 24 | 0.4% | 9.9% | ||
| Q2 24 | -12.1% | 8.4% | ||
| Q1 24 | -15.4% | 5.2% |
| Q4 25 | — | $-0.41 | ||
| Q3 25 | — | $0.98 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $1.32 | ||
| Q3 24 | $0.01 | $0.85 | ||
| Q2 24 | $-0.18 | $0.67 | ||
| Q1 24 | $-0.19 | $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 | $337.2M | $299.3M |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | $1.7B |
| Total Assets | $6.9B | $5.1B |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $337.2M | $299.3M | ||
| Q3 25 | $459.2M | $274.8M | ||
| Q2 25 | $408.6M | $233.7M | ||
| Q1 25 | $371.5M | $181.0M | ||
| Q4 24 | $421.6M | $279.3M | ||
| Q3 24 | $483.0M | $179.8M | ||
| Q2 24 | $533.2M | $208.1M | ||
| Q1 24 | $603.7M | $216.5M |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.3B | — |
| Q4 25 | $386.0M | $1.7B | ||
| Q3 25 | $433.3M | $1.8B | ||
| Q2 25 | $439.1M | $1.8B | ||
| Q1 25 | $469.3M | $1.7B | ||
| Q4 24 | $506.6M | $1.7B | ||
| Q3 24 | $592.0M | $1.7B | ||
| Q2 24 | $578.9M | $1.7B | ||
| Q1 24 | $637.3M | $1.7B |
| Q4 25 | $6.9B | $5.1B | ||
| Q3 25 | $6.2B | $5.8B | ||
| Q2 25 | $6.2B | $4.7B | ||
| Q1 25 | $6.4B | $4.5B | ||
| Q4 24 | $6.3B | $4.4B | ||
| Q3 24 | $6.4B | $4.6B | ||
| Q2 24 | $5.9B | $4.2B | ||
| Q1 24 | $6.2B | $3.8B |
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — | ||
| Q1 24 | 3.63× | — |
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 | $-638.7M | $-664.3M |
| Free Cash FlowOCF − Capex | $-648.0M | $-680.1M |
| FCF MarginFCF / Revenue | -208.9% | -200.0% |
| Capex IntensityCapex / Revenue | 3.0% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-638.7M | $-664.3M | ||
| Q3 25 | $43.4M | $-948.1M | ||
| Q2 25 | $67.6M | $-238.5M | ||
| Q1 25 | $-179.9M | $-281.1M | ||
| Q4 24 | $47.7M | $129.4M | ||
| Q3 24 | $-349.2M | $-202.0M | ||
| Q2 24 | $-278.3M | $-237.8M | ||
| Q1 24 | $-278.5M | $38.4M |
| Q4 25 | $-648.0M | $-680.1M | ||
| Q3 25 | $38.7M | $-950.4M | ||
| Q2 25 | $61.4M | $-241.0M | ||
| Q1 25 | $-186.7M | $-284.7M | ||
| Q4 24 | $40.8M | $116.4M | ||
| Q3 24 | $-356.4M | $-204.0M | ||
| Q2 24 | $-285.7M | $-241.7M | ||
| Q1 24 | $-283.3M | $35.2M |
| Q4 25 | -208.9% | -200.0% | ||
| Q3 25 | 12.0% | -281.5% | ||
| Q2 25 | 21.7% | -75.5% | ||
| Q1 25 | -68.2% | -120.0% | ||
| Q4 24 | 15.8% | 34.1% | ||
| Q3 24 | -113.3% | -69.8% | ||
| Q2 24 | -107.7% | -89.3% | ||
| Q1 24 | -127.2% | 15.4% |
| Q4 25 | 3.0% | 4.6% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 2.2% | 0.8% | ||
| Q1 25 | 2.5% | 1.5% | ||
| Q4 24 | 2.7% | 3.8% | ||
| Q3 24 | 2.3% | 0.7% | ||
| Q2 24 | 2.8% | 1.4% | ||
| Q1 24 | 2.1% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | -255.05× | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
