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Side-by-side financial comparison of Ingevity Corp (NGVT) 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 $185.4M, roughly 1.8× Ingevity Corp). Walker & Dunlop, Inc. runs the higher net margin — -12.9% vs -45.6%, a 32.7% gap on every dollar of revenue. On growth, Ingevity Corp posted the faster year-over-year revenue change (36.7% vs -0.4%). Ingevity Corp produced more free cash flow last quarter ($73.5M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -26.2%).
Ingevity Corp is a global specialty chemicals and advanced materials manufacturer. It produces high-performance carbon materials, pavement preservation solutions, and specialty chemicals, serving automotive emissions control, industrial purification, road infrastructure, and agricultural input markets across North America, Europe, and Asia Pacific.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
NGVT vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $185.4M | $340.0M |
| Net Profit | $-84.6M | $-13.9M |
| Gross Margin | 41.2% | — |
| Operating Margin | -47.7% | -17.2% |
| Net Margin | -45.6% | -12.9% |
| Revenue YoY | 36.7% | -0.4% |
| Net Profit YoY | -609.6% | -131.0% |
| EPS (diluted) | $-2.33 | $-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 | $185.4M | $340.0M | ||
| Q3 25 | $333.1M | $337.7M | ||
| Q2 25 | $365.1M | $319.2M | ||
| Q1 25 | $284.0M | $237.4M | ||
| Q4 24 | $135.6M | $341.5M | ||
| Q3 24 | $333.8M | $292.3M | ||
| Q2 24 | $390.6M | $270.7M | ||
| Q1 24 | $340.1M | $228.1M |
| Q4 25 | $-84.6M | $-13.9M | ||
| Q3 25 | $43.5M | $33.5M | ||
| Q2 25 | $-146.5M | $34.0M | ||
| Q1 25 | $20.5M | $2.8M | ||
| Q4 24 | $16.6M | $44.8M | ||
| Q3 24 | $-107.2M | $28.8M | ||
| Q2 24 | $-283.7M | $22.7M | ||
| Q1 24 | $-56.0M | $11.9M |
| Q4 25 | 41.2% | — | ||
| Q3 25 | 40.2% | — | ||
| Q2 25 | 37.8% | — | ||
| Q1 25 | 39.9% | — | ||
| Q4 24 | 81.3% | — | ||
| Q3 24 | 39.4% | — | ||
| Q2 24 | 31.5% | — | ||
| Q1 24 | 29.3% | — |
| Q4 25 | -47.7% | -17.2% | ||
| Q3 25 | 18.7% | 13.6% | ||
| Q2 25 | -39.1% | 14.5% | ||
| Q1 25 | 9.4% | 2.2% | ||
| Q4 24 | — | 15.3% | ||
| Q3 24 | 33.0% | 12.8% | ||
| Q2 24 | 25.9% | 10.4% | ||
| Q1 24 | 22.6% | 6.0% |
| Q4 25 | -45.6% | -12.9% | ||
| Q3 25 | 13.1% | 9.9% | ||
| Q2 25 | -40.1% | 10.6% | ||
| Q1 25 | 7.2% | 1.2% | ||
| Q4 24 | 12.2% | 13.1% | ||
| Q3 24 | -32.1% | 9.9% | ||
| Q2 24 | -72.6% | 8.4% | ||
| Q1 24 | -16.5% | 5.2% |
| Q4 25 | $-2.33 | $-0.41 | ||
| Q3 25 | $1.18 | $0.98 | ||
| Q2 25 | $-4.02 | $0.99 | ||
| Q1 25 | $0.56 | $0.08 | ||
| Q4 24 | $0.44 | $1.32 | ||
| Q3 24 | $-2.94 | $0.85 | ||
| Q2 24 | $-7.81 | $0.67 | ||
| Q1 24 | $-1.54 | $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 | $78.1M | $299.3M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $29.7M | $1.7B |
| Total Assets | $1.7B | $5.1B |
| Debt / EquityLower = less leverage | 39.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.1M | $299.3M | ||
| Q3 25 | $83.4M | $274.8M | ||
| Q2 25 | $76.9M | $233.7M | ||
| Q1 25 | $71.5M | $181.0M | ||
| Q4 24 | $68.0M | $279.3M | ||
| Q3 24 | $135.5M | $179.8M | ||
| Q2 24 | $107.4M | $208.1M | ||
| Q1 24 | $88.5M | $216.5M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $29.7M | $1.7B | ||
| Q3 25 | $138.1M | $1.8B | ||
| Q2 25 | $120.7M | $1.8B | ||
| Q1 25 | $234.6M | $1.7B | ||
| Q4 24 | $195.2M | $1.7B | ||
| Q3 24 | $214.5M | $1.7B | ||
| Q2 24 | $284.8M | $1.7B | ||
| Q1 24 | $568.2M | $1.7B |
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $1.9B | $4.7B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.0B | $4.4B | ||
| Q3 24 | $2.2B | $4.6B | ||
| Q2 24 | $2.3B | $4.2B | ||
| Q1 24 | $2.6B | $3.8B |
| Q4 25 | 39.10× | — | ||
| Q3 25 | 8.39× | — | ||
| Q2 25 | 10.24× | — | ||
| Q1 25 | 5.68× | — | ||
| Q4 24 | 6.86× | — | ||
| Q3 24 | 6.52× | — | ||
| Q2 24 | 4.92× | — | ||
| Q1 24 | 2.48× | — |
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 | $97.1M | $-664.3M |
| Free Cash FlowOCF − Capex | $73.5M | $-680.1M |
| FCF MarginFCF / Revenue | 39.6% | -200.0% |
| Capex IntensityCapex / Revenue | 12.7% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $273.5M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $97.1M | $-664.3M | ||
| Q3 25 | $129.7M | $-948.1M | ||
| Q2 25 | $79.0M | $-238.5M | ||
| Q1 25 | $25.4M | $-281.1M | ||
| Q4 24 | $64.5M | $129.4M | ||
| Q3 24 | $46.5M | $-202.0M | ||
| Q2 24 | $29.7M | $-237.8M | ||
| Q1 24 | $-12.1M | $38.4M |
| Q4 25 | $73.5M | $-680.1M | ||
| Q3 25 | $117.8M | $-950.4M | ||
| Q2 25 | $66.8M | $-241.0M | ||
| Q1 25 | $15.4M | $-284.7M | ||
| Q4 24 | $39.6M | $116.4M | ||
| Q3 24 | $28.5M | $-204.0M | ||
| Q2 24 | $11.6M | $-241.7M | ||
| Q1 24 | $-28.7M | $35.2M |
| Q4 25 | 39.6% | -200.0% | ||
| Q3 25 | 35.4% | -281.5% | ||
| Q2 25 | 18.3% | -75.5% | ||
| Q1 25 | 5.4% | -120.0% | ||
| Q4 24 | 29.2% | 34.1% | ||
| Q3 24 | 8.5% | -69.8% | ||
| Q2 24 | 3.0% | -89.3% | ||
| Q1 24 | -8.4% | 15.4% |
| Q4 25 | 12.7% | 4.6% | ||
| Q3 25 | 3.6% | 0.7% | ||
| Q2 25 | 3.3% | 0.8% | ||
| Q1 25 | 3.5% | 1.5% | ||
| Q4 24 | 18.4% | 3.8% | ||
| Q3 24 | 5.4% | 0.7% | ||
| Q2 24 | 4.6% | 1.4% | ||
| Q1 24 | 4.9% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 2.98× | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | 1.24× | -102.07× | ||
| Q4 24 | 3.89× | 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
NGVT
| Performance Materials | $151.2M | 82% |
| Advanced Polymer Technologies Segment | $36.5M | 20% |
WD
Segment breakdown not available.
