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Side-by-side financial comparison of Park Hotels & Resorts Inc. (PK) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($629.0M vs $340.0M, roughly 1.8× Walker & Dunlop, Inc.). Walker & Dunlop, Inc. runs the higher net margin — -12.9% vs -32.6%, a 19.7% gap on every dollar of revenue. On growth, Park Hotels & Resorts Inc. posted the faster year-over-year revenue change (0.6% vs -0.4%). Park Hotels & Resorts Inc. produced more free cash flow last quarter ($-3.0M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -0.8%).
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
PK vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $629.0M | $340.0M |
| Net Profit | $-205.0M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | -26.1% | -17.2% |
| Net Margin | -32.6% | -12.9% |
| Revenue YoY | 0.6% | -0.4% |
| Net Profit YoY | -410.6% | -131.0% |
| EPS (diluted) | $-1.04 | $-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 | $629.0M | $340.0M | ||
| Q3 25 | $610.0M | $337.7M | ||
| Q2 25 | $672.0M | $319.2M | ||
| Q1 25 | $630.0M | $237.4M | ||
| Q4 24 | $625.0M | $341.5M | ||
| Q3 24 | $649.0M | $292.3M | ||
| Q2 24 | $686.0M | $270.7M | ||
| Q1 24 | $639.0M | $228.1M |
| Q4 25 | $-205.0M | $-13.9M | ||
| Q3 25 | $-16.0M | $33.5M | ||
| Q2 25 | $-5.0M | $34.0M | ||
| Q1 25 | $-57.0M | $2.8M | ||
| Q4 24 | $66.0M | $44.8M | ||
| Q3 24 | $54.0M | $28.8M | ||
| Q2 24 | $64.0M | $22.7M | ||
| Q1 24 | $28.0M | $11.9M |
| Q4 25 | -26.1% | -17.2% | ||
| Q3 25 | 9.7% | 13.6% | ||
| Q2 25 | 9.7% | 14.5% | ||
| Q1 25 | 1.1% | 2.2% | ||
| Q4 24 | 13.3% | 15.3% | ||
| Q3 24 | 14.6% | 12.8% | ||
| Q2 24 | 17.6% | 10.4% | ||
| Q1 24 | 14.4% | 6.0% |
| Q4 25 | -32.6% | -12.9% | ||
| Q3 25 | -2.6% | 9.9% | ||
| Q2 25 | -0.7% | 10.6% | ||
| Q1 25 | -9.0% | 1.2% | ||
| Q4 24 | 10.6% | 13.1% | ||
| Q3 24 | 8.3% | 9.9% | ||
| Q2 24 | 9.3% | 8.4% | ||
| Q1 24 | 4.4% | 5.2% |
| Q4 25 | $-1.04 | $-0.41 | ||
| Q3 25 | $-0.08 | $0.98 | ||
| Q2 25 | $-0.02 | $0.99 | ||
| Q1 25 | $-0.29 | $0.08 | ||
| Q4 24 | $0.32 | $1.32 | ||
| Q3 24 | $0.26 | $0.85 | ||
| Q2 24 | $0.30 | $0.67 | ||
| Q1 24 | $0.13 | $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 | $232.0M | $299.3M |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $3.1B | $1.7B |
| Total Assets | $7.7B | $5.1B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $232.0M | $299.3M | ||
| Q3 25 | $278.0M | $274.8M | ||
| Q2 25 | $319.0M | $233.7M | ||
| Q1 25 | $233.0M | $181.0M | ||
| Q4 24 | $402.0M | $279.3M | ||
| Q3 24 | $480.0M | $179.8M | ||
| Q2 24 | $449.0M | $208.1M | ||
| Q1 24 | $378.0M | $216.5M |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.8B | — |
| Q4 25 | $3.1B | $1.7B | ||
| Q3 25 | $3.4B | $1.8B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.5B | $1.7B | ||
| Q4 24 | $3.6B | $1.7B | ||
| Q3 24 | $3.8B | $1.7B | ||
| Q2 24 | $3.8B | $1.7B | ||
| Q1 24 | $3.8B | $1.7B |
| Q4 25 | $7.7B | $5.1B | ||
| Q3 25 | $8.8B | $5.8B | ||
| Q2 25 | $8.9B | $4.7B | ||
| Q1 25 | $8.9B | $4.5B | ||
| Q4 24 | $9.2B | $4.4B | ||
| Q3 24 | $9.2B | $4.6B | ||
| Q2 24 | $9.2B | $4.2B | ||
| Q1 24 | $9.1B | $3.8B |
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.00× | — |
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 | $105.0M | $-664.3M |
| Free Cash FlowOCF − Capex | $-3.0M | $-680.1M |
| FCF MarginFCF / Revenue | -0.5% | -200.0% |
| Capex IntensityCapex / Revenue | 17.2% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.0M | $-664.3M | ||
| Q3 25 | $99.0M | $-948.1M | ||
| Q2 25 | $108.0M | $-238.5M | ||
| Q1 25 | $86.0M | $-281.1M | ||
| Q4 24 | $80.0M | $129.4M | ||
| Q3 24 | $140.0M | $-202.0M | ||
| Q2 24 | $117.0M | $-237.8M | ||
| Q1 24 | $92.0M | $38.4M |
| Q4 25 | $-3.0M | $-680.1M | ||
| Q3 25 | $31.0M | $-950.4M | ||
| Q2 25 | $65.0M | $-241.0M | ||
| Q1 25 | $9.0M | $-284.7M | ||
| Q4 24 | $17.0M | $116.4M | ||
| Q3 24 | $97.0M | $-204.0M | ||
| Q2 24 | $66.0M | $-241.7M | ||
| Q1 24 | $22.0M | $35.2M |
| Q4 25 | -0.5% | -200.0% | ||
| Q3 25 | 5.1% | -281.5% | ||
| Q2 25 | 9.7% | -75.5% | ||
| Q1 25 | 1.4% | -120.0% | ||
| Q4 24 | 2.7% | 34.1% | ||
| Q3 24 | 14.9% | -69.8% | ||
| Q2 24 | 9.6% | -89.3% | ||
| Q1 24 | 3.4% | 15.4% |
| Q4 25 | 17.2% | 4.6% | ||
| Q3 25 | 11.1% | 0.7% | ||
| Q2 25 | 6.4% | 0.8% | ||
| Q1 25 | 12.2% | 1.5% | ||
| Q4 24 | 10.1% | 3.8% | ||
| Q3 24 | 6.6% | 0.7% | ||
| Q2 24 | 7.4% | 1.4% | ||
| Q1 24 | 11.0% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | 1.21× | 2.89× | ||
| Q3 24 | 2.59× | -7.01× | ||
| Q2 24 | 1.83× | -10.49× | ||
| Q1 24 | 3.29× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
WD
Segment breakdown not available.
