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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) 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 $178.5M, roughly 1.9× OIL STATES INTERNATIONAL, INC). Walker & Dunlop, Inc. runs the higher net margin — -12.9% vs -65.7%, a 52.8% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -0.4%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 3.3%).
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
OIS vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $178.5M | $340.0M |
| Net Profit | $-117.2M | $-13.9M |
| Gross Margin | 10.9% | — |
| Operating Margin | -63.7% | -17.2% |
| Net Margin | -65.7% | -12.9% |
| Revenue YoY | 8.4% | -0.4% |
| Net Profit YoY | -873.2% | -131.0% |
| EPS (diluted) | $-1.99 | $-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 | $178.5M | $340.0M | ||
| Q3 25 | $165.2M | $337.7M | ||
| Q2 25 | $165.4M | $319.2M | ||
| Q1 25 | $159.9M | $237.4M | ||
| Q4 24 | $164.6M | $341.5M | ||
| Q3 24 | $174.3M | $292.3M | ||
| Q2 24 | $186.4M | $270.7M | ||
| Q1 24 | $167.3M | $228.1M |
| Q4 25 | $-117.2M | $-13.9M | ||
| Q3 25 | $1.9M | $33.5M | ||
| Q2 25 | $2.8M | $34.0M | ||
| Q1 25 | $3.2M | $2.8M | ||
| Q4 24 | $15.2M | $44.8M | ||
| Q3 24 | $-14.3M | $28.8M | ||
| Q2 24 | $1.3M | $22.7M | ||
| Q1 24 | $-13.4M | $11.9M |
| Q4 25 | 10.9% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 23.3% | — | ||
| Q4 24 | 23.7% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 23.8% | — | ||
| Q1 24 | 21.1% | — |
| Q4 25 | -63.7% | -17.2% | ||
| Q3 25 | 2.9% | 13.6% | ||
| Q2 25 | 3.2% | 14.5% | ||
| Q1 25 | 3.5% | 2.2% | ||
| Q4 24 | 11.2% | 15.3% | ||
| Q3 24 | -6.3% | 12.8% | ||
| Q2 24 | 1.1% | 10.4% | ||
| Q1 24 | -6.7% | 6.0% |
| Q4 25 | -65.7% | -12.9% | ||
| Q3 25 | 1.2% | 9.9% | ||
| Q2 25 | 1.7% | 10.6% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 9.2% | 13.1% | ||
| Q3 24 | -8.2% | 9.9% | ||
| Q2 24 | 0.7% | 8.4% | ||
| Q1 24 | -8.0% | 5.2% |
| Q4 25 | $-1.99 | $-0.41 | ||
| Q3 25 | $0.03 | $0.98 | ||
| Q2 25 | $0.05 | $0.99 | ||
| Q1 25 | $0.05 | $0.08 | ||
| Q4 24 | $0.24 | $1.32 | ||
| Q3 24 | $-0.23 | $0.85 | ||
| Q2 24 | $0.02 | $0.67 | ||
| Q1 24 | $-0.21 | $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 | $69.9M | $299.3M |
| Total DebtLower is stronger | $1.7M | — |
| Stockholders' EquityBook value | $573.2M | $1.7B |
| Total Assets | $883.4M | $5.1B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $69.9M | $299.3M | ||
| Q3 25 | $67.1M | $274.8M | ||
| Q2 25 | $53.9M | $233.7M | ||
| Q1 25 | $66.8M | $181.0M | ||
| Q4 24 | $65.4M | $279.3M | ||
| Q3 24 | $46.0M | $179.8M | ||
| Q2 24 | $25.2M | $208.1M | ||
| Q1 24 | $24.1M | $216.5M |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $124.7M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | $124.6M | — | ||
| Q2 24 | $124.3M | — | ||
| Q1 24 | $135.6M | — |
| Q4 25 | $573.2M | $1.7B | ||
| Q3 25 | $689.0M | $1.8B | ||
| Q2 25 | $690.6M | $1.8B | ||
| Q1 25 | $683.4M | $1.7B | ||
| Q4 24 | $680.7M | $1.7B | ||
| Q3 24 | $684.8M | $1.7B | ||
| Q2 24 | $690.4M | $1.7B | ||
| Q1 24 | $692.3M | $1.7B |
| Q4 25 | $883.4M | $5.1B | ||
| Q3 25 | $1.0B | $5.8B | ||
| Q2 25 | $993.7M | $4.7B | ||
| Q1 25 | $990.7M | $4.5B | ||
| Q4 24 | $1.0B | $4.4B | ||
| Q3 24 | $994.1M | $4.6B | ||
| Q2 24 | $1.0B | $4.2B | ||
| Q1 24 | $1.0B | $3.8B |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.18× | — | ||
| 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 | $50.1M | $-664.3M |
| Free Cash FlowOCF − Capex | $47.1M | $-680.1M |
| FCF MarginFCF / Revenue | 26.4% | -200.0% |
| Capex IntensityCapex / Revenue | 1.7% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $73.9M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.1M | $-664.3M | ||
| Q3 25 | $30.7M | $-948.1M | ||
| Q2 25 | $15.0M | $-238.5M | ||
| Q1 25 | $9.3M | $-281.1M | ||
| Q4 24 | $18.2M | $129.4M | ||
| Q3 24 | $28.8M | $-202.0M | ||
| Q2 24 | $10.2M | $-237.8M | ||
| Q1 24 | $-11.4M | $38.4M |
| Q4 25 | $47.1M | $-680.1M | ||
| Q3 25 | $22.0M | $-950.4M | ||
| Q2 25 | $4.7M | $-241.0M | ||
| Q1 25 | $137.0K | $-284.7M | ||
| Q4 24 | $4.0M | $116.4M | ||
| Q3 24 | $21.4M | $-204.0M | ||
| Q2 24 | $4.5M | $-241.7M | ||
| Q1 24 | $-21.5M | $35.2M |
| Q4 25 | 26.4% | -200.0% | ||
| Q3 25 | 13.3% | -281.5% | ||
| Q2 25 | 2.8% | -75.5% | ||
| Q1 25 | 0.1% | -120.0% | ||
| Q4 24 | 2.4% | 34.1% | ||
| Q3 24 | 12.3% | -69.8% | ||
| Q2 24 | 2.4% | -89.3% | ||
| Q1 24 | -12.8% | 15.4% |
| Q4 25 | 1.7% | 4.6% | ||
| Q3 25 | 5.3% | 0.7% | ||
| Q2 25 | 6.2% | 0.8% | ||
| Q1 25 | 5.7% | 1.5% | ||
| Q4 24 | 8.6% | 3.8% | ||
| Q3 24 | 4.3% | 0.7% | ||
| Q2 24 | 3.1% | 1.4% | ||
| Q1 24 | 6.0% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 16.15× | -28.34× | ||
| Q2 25 | 5.33× | -7.02× | ||
| Q1 25 | 2.94× | -102.07× | ||
| Q4 24 | 1.20× | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | 7.87× | -10.49× | ||
| Q1 24 | — | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
WD
Segment breakdown not available.
