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Side-by-side financial comparison of Paymentus Holdings, Inc. (PAY) 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 $330.5M, roughly 1.0× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -12.9%, a 19.2% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -0.4%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $-680.1M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 22.1%).
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
PAY vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $330.5M | $340.0M |
| Net Profit | $20.7M | $-13.9M |
| Gross Margin | 25.4% | — |
| Operating Margin | 7.3% | -17.2% |
| Net Margin | 6.3% | -12.9% |
| Revenue YoY | 28.1% | -0.4% |
| Net Profit YoY | 57.2% | -131.0% |
| EPS (diluted) | $0.16 | $-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 | $330.5M | $340.0M | ||
| Q3 25 | $310.7M | $337.7M | ||
| Q2 25 | $280.1M | $319.2M | ||
| Q1 25 | $275.2M | $237.4M | ||
| Q4 24 | $257.9M | $341.5M | ||
| Q3 24 | $231.6M | $292.3M | ||
| Q2 24 | $197.4M | $270.7M | ||
| Q1 24 | $184.9M | $228.1M |
| Q4 25 | $20.7M | $-13.9M | ||
| Q3 25 | $17.7M | $33.5M | ||
| Q2 25 | $14.7M | $34.0M | ||
| Q1 25 | $13.8M | $2.8M | ||
| Q4 24 | $13.1M | $44.8M | ||
| Q3 24 | $14.4M | $28.8M | ||
| Q2 24 | $9.4M | $22.7M | ||
| Q1 24 | $7.2M | $11.9M |
| Q4 25 | 25.4% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.0% | — | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 29.8% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | 7.3% | -17.2% | ||
| Q3 25 | 6.4% | 13.6% | ||
| Q2 25 | 5.7% | 14.5% | ||
| Q1 25 | 5.7% | 2.2% | ||
| Q4 24 | 5.5% | 15.3% | ||
| Q3 24 | 5.2% | 12.8% | ||
| Q2 24 | 5.2% | 10.4% | ||
| Q1 24 | 4.5% | 6.0% |
| Q4 25 | 6.3% | -12.9% | ||
| Q3 25 | 5.7% | 9.9% | ||
| Q2 25 | 5.3% | 10.6% | ||
| Q1 25 | 5.0% | 1.2% | ||
| Q4 24 | 5.1% | 13.1% | ||
| Q3 24 | 6.2% | 9.9% | ||
| Q2 24 | 4.7% | 8.4% | ||
| Q1 24 | 3.9% | 5.2% |
| Q4 25 | $0.16 | $-0.41 | ||
| Q3 25 | $0.14 | $0.98 | ||
| Q2 25 | $0.11 | $0.99 | ||
| Q1 25 | $0.11 | $0.08 | ||
| Q4 24 | $0.11 | $1.32 | ||
| Q3 24 | $0.11 | $0.85 | ||
| Q2 24 | $0.07 | $0.67 | ||
| Q1 24 | $0.06 | $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 | $320.9M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $560.4M | $1.7B |
| Total Assets | $667.9M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $320.9M | $299.3M | ||
| Q3 25 | $287.9M | $274.8M | ||
| Q2 25 | $266.4M | $233.7M | ||
| Q1 25 | $245.8M | $181.0M | ||
| Q4 24 | $205.9M | $279.3M | ||
| Q3 24 | $187.5M | $179.8M | ||
| Q2 24 | $188.8M | $208.1M | ||
| Q1 24 | $180.1M | $216.5M |
| Q4 25 | $560.4M | $1.7B | ||
| Q3 25 | $537.4M | $1.8B | ||
| Q2 25 | $516.7M | $1.8B | ||
| Q1 25 | $500.4M | $1.7B | ||
| Q4 24 | $485.6M | $1.7B | ||
| Q3 24 | $468.8M | $1.7B | ||
| Q2 24 | $451.6M | $1.7B | ||
| Q1 24 | $439.4M | $1.7B |
| Q4 25 | $667.9M | $5.1B | ||
| Q3 25 | $644.4M | $5.8B | ||
| Q2 25 | $609.5M | $4.7B | ||
| Q1 25 | $590.9M | $4.5B | ||
| Q4 24 | $576.2M | $4.4B | ||
| Q3 24 | $552.9M | $4.6B | ||
| Q2 24 | $527.7M | $4.2B | ||
| Q1 24 | $514.0M | $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 | $45.1M | $-664.3M |
| Free Cash FlowOCF − Capex | $45.0M | $-680.1M |
| FCF MarginFCF / Revenue | 13.6% | -200.0% |
| Capex IntensityCapex / Revenue | 0.0% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.8M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $-664.3M | ||
| Q3 25 | $35.1M | $-948.1M | ||
| Q2 25 | $31.5M | $-238.5M | ||
| Q1 25 | $50.4M | $-281.1M | ||
| Q4 24 | $27.9M | $129.4M | ||
| Q3 24 | $6.7M | $-202.0M | ||
| Q2 24 | $18.0M | $-237.8M | ||
| Q1 24 | $11.0M | $38.4M |
| Q4 25 | $45.0M | $-680.1M | ||
| Q3 25 | $35.0M | $-950.4M | ||
| Q2 25 | $31.4M | $-241.0M | ||
| Q1 25 | $50.4M | $-284.7M | ||
| Q4 24 | $27.8M | $116.4M | ||
| Q3 24 | $6.7M | $-204.0M | ||
| Q2 24 | $17.8M | $-241.7M | ||
| Q1 24 | $10.8M | $35.2M |
| Q4 25 | 13.6% | -200.0% | ||
| Q3 25 | 11.3% | -281.5% | ||
| Q2 25 | 11.2% | -75.5% | ||
| Q1 25 | 18.3% | -120.0% | ||
| Q4 24 | 10.8% | 34.1% | ||
| Q3 24 | 2.9% | -69.8% | ||
| Q2 24 | 9.0% | -89.3% | ||
| Q1 24 | 5.9% | 15.4% |
| Q4 25 | 0.0% | 4.6% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.8% | ||
| Q1 25 | 0.0% | 1.5% | ||
| Q4 24 | 0.0% | 3.8% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 0.1% | 1.4% |
| Q4 25 | 2.18× | — | ||
| Q3 25 | 1.98× | -28.34× | ||
| Q2 25 | 2.14× | -7.02× | ||
| Q1 25 | 3.65× | -102.07× | ||
| Q4 24 | 2.12× | 2.89× | ||
| Q3 24 | 0.47× | -7.01× | ||
| Q2 24 | 1.93× | -10.49× | ||
| Q1 24 | 1.52× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
WD
Segment breakdown not available.
