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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $340.0M, roughly 1.1× Walker & Dunlop, Inc.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -12.9%, a 16.0% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs -0.4%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 12.8%).
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
LFST vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $340.0M |
| Net Profit | $11.7M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 4.7% | -17.2% |
| Net Margin | 3.1% | -12.9% |
| Revenue YoY | 17.4% | -0.4% |
| Net Profit YoY | 264.1% | -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 | $382.2M | $340.0M | ||
| Q3 25 | $363.8M | $337.7M | ||
| Q2 25 | $345.3M | $319.2M | ||
| Q1 25 | $333.0M | $237.4M | ||
| Q4 24 | $325.5M | $341.5M | ||
| Q3 24 | $312.7M | $292.3M | ||
| Q2 24 | $312.3M | $270.7M | ||
| Q1 24 | $300.4M | $228.1M |
| Q4 25 | $11.7M | $-13.9M | ||
| Q3 25 | $1.1M | $33.5M | ||
| Q2 25 | $-3.8M | $34.0M | ||
| Q1 25 | $709.0K | $2.8M | ||
| Q4 24 | $-7.1M | $44.8M | ||
| Q3 24 | $-6.0M | $28.8M | ||
| Q2 24 | $-23.3M | $22.7M | ||
| Q1 24 | $-21.1M | $11.9M |
| Q4 25 | 4.7% | -17.2% | ||
| Q3 25 | 2.0% | 13.6% | ||
| Q2 25 | -0.9% | 14.5% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | 0.3% | 15.3% | ||
| Q3 24 | 0.0% | 12.8% | ||
| Q2 24 | -5.1% | 10.4% | ||
| Q1 24 | -5.6% | 6.0% |
| Q4 25 | 3.1% | -12.9% | ||
| Q3 25 | 0.3% | 9.9% | ||
| Q2 25 | -1.1% | 10.6% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | -2.2% | 13.1% | ||
| Q3 24 | -1.9% | 9.9% | ||
| Q2 24 | -7.5% | 8.4% | ||
| Q1 24 | -7.0% | 5.2% |
| Q4 25 | — | $-0.41 | ||
| Q3 25 | — | $0.98 | ||
| Q2 25 | — | $0.99 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $1.32 | ||
| Q3 24 | — | $0.85 | ||
| Q2 24 | — | $0.67 | ||
| Q1 24 | — | $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 | $248.6M | $299.3M |
| Total DebtLower is stronger | $282.8M | — |
| Stockholders' EquityBook value | $1.5B | $1.7B |
| Total Assets | $2.2B | $5.1B |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $248.6M | $299.3M | ||
| Q3 25 | $203.9M | $274.8M | ||
| Q2 25 | $188.9M | $233.7M | ||
| Q1 25 | $134.3M | $181.0M | ||
| Q4 24 | $154.6M | $279.3M | ||
| Q3 24 | $102.6M | $179.8M | ||
| Q2 24 | $87.0M | $208.1M | ||
| Q1 24 | $49.5M | $216.5M |
| Q4 25 | $282.8M | — | ||
| Q3 25 | $284.6M | — | ||
| Q2 25 | $286.4M | — | ||
| Q1 25 | $288.2M | — | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $287.3M | — | ||
| Q2 24 | $288.0M | — | ||
| Q1 24 | $288.8M | — |
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.5B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.4B | $1.7B |
| Q4 25 | $2.2B | $5.1B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.1B | $4.4B | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.1B | $4.2B | ||
| Q1 24 | $2.1B | $3.8B |
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 0.20× | — | ||
| Q1 24 | 0.20× | — |
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 | $57.6M | $-664.3M |
| Free Cash FlowOCF − Capex | $46.6M | $-680.1M |
| FCF MarginFCF / Revenue | 12.2% | -200.0% |
| Capex IntensityCapex / Revenue | 2.9% | 4.6% |
| Cash ConversionOCF / Net Profit | 4.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.6M | $-664.3M | ||
| Q3 25 | $27.3M | $-948.1M | ||
| Q2 25 | $64.4M | $-238.5M | ||
| Q1 25 | $-3.1M | $-281.1M | ||
| Q4 24 | $62.3M | $129.4M | ||
| Q3 24 | $22.7M | $-202.0M | ||
| Q2 24 | $44.1M | $-237.8M | ||
| Q1 24 | $-21.8M | $38.4M |
| Q4 25 | $46.6M | $-680.1M | ||
| Q3 25 | $17.0M | $-950.4M | ||
| Q2 25 | $56.6M | $-241.0M | ||
| Q1 25 | $-10.3M | $-284.7M | ||
| Q4 24 | $56.0M | $116.4M | ||
| Q3 24 | $17.7M | $-204.0M | ||
| Q2 24 | $39.0M | $-241.7M | ||
| Q1 24 | $-26.9M | $35.2M |
| Q4 25 | 12.2% | -200.0% | ||
| Q3 25 | 4.7% | -281.5% | ||
| Q2 25 | 16.4% | -75.5% | ||
| Q1 25 | -3.1% | -120.0% | ||
| Q4 24 | 17.2% | 34.1% | ||
| Q3 24 | 5.7% | -69.8% | ||
| Q2 24 | 12.5% | -89.3% | ||
| Q1 24 | -9.0% | 15.4% |
| Q4 25 | 2.9% | 4.6% | ||
| Q3 25 | 2.8% | 0.7% | ||
| Q2 25 | 2.2% | 0.8% | ||
| Q1 25 | 2.2% | 1.5% | ||
| Q4 24 | 1.9% | 3.8% | ||
| Q3 24 | 1.6% | 0.7% | ||
| Q2 24 | 1.6% | 1.4% | ||
| Q1 24 | 1.7% | 1.4% |
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | -4.36× | -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.
