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Side-by-side financial comparison of NERDWALLET, INC. (NRDS) 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 $225.4M, roughly 1.5× NERDWALLET, INC.). NERDWALLET, INC. runs the higher net margin — 6.2% vs -12.9%, a 19.1% gap on every dollar of revenue. On growth, NERDWALLET, INC. posted the faster year-over-year revenue change (22.6% vs -0.4%). NERDWALLET, INC. produced more free cash flow last quarter ($38.6M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 18.0%).
NerdWallet is an American personal finance company, founded in 2009 by Tim Chen and Jacob Gibson. It has a website and app that earns money by promoting financial products to its users.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
NRDS vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $225.4M | $340.0M |
| Net Profit | $14.0M | $-13.9M |
| Gross Margin | 94.0% | — |
| Operating Margin | 8.6% | -17.2% |
| Net Margin | 6.2% | -12.9% |
| Revenue YoY | 22.6% | -0.4% |
| Net Profit YoY | -63.7% | -131.0% |
| EPS (diluted) | $0.19 | $-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 | $225.4M | $340.0M | ||
| Q3 25 | $215.1M | $337.7M | ||
| Q2 25 | $186.9M | $319.2M | ||
| Q1 25 | $209.2M | $237.4M | ||
| Q4 24 | $183.8M | $341.5M | ||
| Q3 24 | $191.3M | $292.3M | ||
| Q2 24 | $150.6M | $270.7M | ||
| Q1 24 | $161.9M | $228.1M |
| Q4 25 | $14.0M | $-13.9M | ||
| Q3 25 | $26.3M | $33.5M | ||
| Q2 25 | $8.2M | $34.0M | ||
| Q1 25 | $200.0K | $2.8M | ||
| Q4 24 | $38.6M | $44.8M | ||
| Q3 24 | $100.0K | $28.8M | ||
| Q2 24 | $-9.4M | $22.7M | ||
| Q1 24 | $1.1M | $11.9M |
| Q4 25 | 94.0% | — | ||
| Q3 25 | 92.9% | — | ||
| Q2 25 | 91.1% | — | ||
| Q1 25 | 91.3% | — | ||
| Q4 24 | 90.9% | — | ||
| Q3 24 | 90.7% | — | ||
| Q2 24 | 90.1% | — | ||
| Q1 24 | 91.2% | — |
| Q4 25 | 8.6% | -17.2% | ||
| Q3 25 | 16.0% | 13.6% | ||
| Q2 25 | 5.7% | 14.5% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 4.7% | 15.3% | ||
| Q3 24 | 3.5% | 12.8% | ||
| Q2 24 | -6.4% | 10.4% | ||
| Q1 24 | 2.3% | 6.0% |
| Q4 25 | 6.2% | -12.9% | ||
| Q3 25 | 12.2% | 9.9% | ||
| Q2 25 | 4.4% | 10.6% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 21.0% | 13.1% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | -6.2% | 8.4% | ||
| Q1 24 | 0.7% | 5.2% |
| Q4 25 | $0.19 | $-0.41 | ||
| Q3 25 | $0.34 | $0.98 | ||
| Q2 25 | $0.11 | $0.99 | ||
| Q1 25 | $0.00 | $0.08 | ||
| Q4 24 | $0.49 | $1.32 | ||
| Q3 24 | $0.00 | $0.85 | ||
| Q2 24 | $-0.12 | $0.67 | ||
| Q1 24 | $0.01 | $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 | $98.3M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $374.5M | $1.7B |
| Total Assets | $461.1M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $299.3M | ||
| Q3 25 | $120.6M | $274.8M | ||
| Q2 25 | $105.3M | $233.7M | ||
| Q1 25 | $92.2M | $181.0M | ||
| Q4 24 | $66.3M | $279.3M | ||
| Q3 24 | $71.7M | $179.8M | ||
| Q2 24 | $113.8M | $208.1M | ||
| Q1 24 | $110.9M | $216.5M |
| Q4 25 | $374.5M | $1.7B | ||
| Q3 25 | $402.4M | $1.8B | ||
| Q2 25 | $390.0M | $1.8B | ||
| Q1 25 | $371.6M | $1.7B | ||
| Q4 24 | $364.2M | $1.7B | ||
| Q3 24 | $322.4M | $1.7B | ||
| Q2 24 | $379.4M | $1.7B | ||
| Q1 24 | $378.7M | $1.7B |
| Q4 25 | $461.1M | $5.1B | ||
| Q3 25 | $492.8M | $5.8B | ||
| Q2 25 | $476.0M | $4.7B | ||
| Q1 25 | $475.0M | $4.5B | ||
| Q4 24 | $437.6M | $4.4B | ||
| Q3 24 | $402.4M | $4.6B | ||
| Q2 24 | $446.2M | $4.2B | ||
| Q1 24 | $446.1M | $3.8B |
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 | $38.9M | $-664.3M |
| Free Cash FlowOCF − Capex | $38.6M | $-680.1M |
| FCF MarginFCF / Revenue | 17.1% | -200.0% |
| Capex IntensityCapex / Revenue | 0.1% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $130.3M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.9M | $-664.3M | ||
| Q3 25 | $48.5M | $-948.1M | ||
| Q2 25 | $17.5M | $-238.5M | ||
| Q1 25 | $26.7M | $-281.1M | ||
| Q4 24 | $9.9M | $129.4M | ||
| Q3 24 | $29.0M | $-202.0M | ||
| Q2 24 | $10.2M | $-237.8M | ||
| Q1 24 | $22.7M | $38.4M |
| Q4 25 | $38.6M | $-680.1M | ||
| Q3 25 | $48.4M | $-950.4M | ||
| Q2 25 | $16.8M | $-241.0M | ||
| Q1 25 | $26.5M | $-284.7M | ||
| Q4 24 | $9.7M | $116.4M | ||
| Q3 24 | $28.9M | $-204.0M | ||
| Q2 24 | $9.9M | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | 17.1% | -200.0% | ||
| Q3 25 | 22.5% | -281.5% | ||
| Q2 25 | 9.0% | -75.5% | ||
| Q1 25 | 12.7% | -120.0% | ||
| Q4 24 | 5.3% | 34.1% | ||
| Q3 24 | 15.1% | -69.8% | ||
| Q2 24 | 6.6% | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | 0.1% | 4.6% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.4% | 0.8% | ||
| Q1 25 | 0.1% | 1.5% | ||
| Q4 24 | 0.1% | 3.8% | ||
| Q3 24 | 0.1% | 0.7% | ||
| Q2 24 | 0.2% | 1.4% | ||
| Q1 24 | 0.0% | 1.4% |
| Q4 25 | 2.78× | — | ||
| Q3 25 | 1.84× | -28.34× | ||
| Q2 25 | 2.13× | -7.02× | ||
| Q1 25 | 133.50× | -102.07× | ||
| Q4 24 | 0.26× | 2.89× | ||
| Q3 24 | 290.00× | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | 20.64× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NRDS
| Insurance | $81.2M | 36% |
| Emerging Verticals | $52.9M | 23% |
| Loans | $42.3M | 19% |
| Credit Card | $26.5M | 12% |
| SMB Products | $22.5M | 10% |
WD
Segment breakdown not available.
