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Side-by-side financial comparison of Soho House & Co Inc. (SHCO) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Soho House & Co Inc. is the larger business by last-quarter revenue ($370.8M vs $340.0M, roughly 1.1× Walker & Dunlop, Inc.). Soho House & Co Inc. runs the higher net margin — -5.0% vs -12.9%, a 7.9% gap on every dollar of revenue. On growth, Soho House & Co Inc. posted the faster year-over-year revenue change (11.2% vs -0.4%). Soho House & Co Inc. produced more free cash flow last quarter ($3.5M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 13.5%).
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
SHCO vs WD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $370.8M | $340.0M |
| Net Profit | $-18.7M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | -1.6% | -17.2% |
| Net Margin | -5.0% | -12.9% |
| Revenue YoY | 11.2% | -0.4% |
| Net Profit YoY | -10790.3% | -131.0% |
| EPS (diluted) | $-0.10 | $-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 | — | $340.0M | ||
| Q3 25 | $370.8M | $337.7M | ||
| Q2 25 | $329.8M | $319.2M | ||
| Q1 25 | $282.9M | $237.4M | ||
| Q4 24 | $305.6M | $341.5M | ||
| Q3 24 | $333.4M | $292.3M | ||
| Q2 24 | $302.9M | $270.7M | ||
| Q1 24 | $261.9M | $228.1M |
| Q4 25 | — | $-13.9M | ||
| Q3 25 | $-18.7M | $33.5M | ||
| Q2 25 | $24.9M | $34.0M | ||
| Q1 25 | $8.2M | $2.8M | ||
| Q4 24 | $-91.7M | $44.8M | ||
| Q3 24 | $175.0K | $28.8M | ||
| Q2 24 | $-29.9M | $22.7M | ||
| Q1 24 | $-41.6M | $11.9M |
| Q4 25 | — | -17.2% | ||
| Q3 25 | -1.6% | 13.6% | ||
| Q2 25 | 18.1% | 14.5% | ||
| Q1 25 | 12.3% | 2.2% | ||
| Q4 24 | -23.1% | 15.3% | ||
| Q3 24 | 11.4% | 12.8% | ||
| Q2 24 | -4.3% | 10.4% | ||
| Q1 24 | -9.3% | 6.0% |
| Q4 25 | — | -12.9% | ||
| Q3 25 | -5.0% | 9.9% | ||
| Q2 25 | 7.5% | 10.6% | ||
| Q1 25 | 2.9% | 1.2% | ||
| Q4 24 | -30.0% | 13.1% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | -9.9% | 8.4% | ||
| Q1 24 | -15.9% | 5.2% |
| Q4 25 | — | $-0.41 | ||
| Q3 25 | $-0.10 | $0.98 | ||
| Q2 25 | $0.13 | $0.99 | ||
| Q1 25 | $0.04 | $0.08 | ||
| Q4 24 | $-0.48 | $1.32 | ||
| Q3 24 | $0.00 | $0.85 | ||
| Q2 24 | $-0.15 | $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 | $142.5M | $299.3M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $-351.6M | $1.7B |
| Total Assets | $2.7B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $299.3M | ||
| Q3 25 | $142.5M | $274.8M | ||
| Q2 25 | $150.3M | $233.7M | ||
| Q1 25 | $150.1M | $181.0M | ||
| Q4 24 | $152.7M | $279.3M | ||
| Q3 24 | $142.8M | $179.8M | ||
| Q2 24 | $148.5M | $208.1M | ||
| Q1 24 | $139.8M | $216.5M |
| Q4 25 | — | — | ||
| Q3 25 | $735.8M | — | ||
| Q2 25 | $729.8M | — | ||
| Q1 25 | $705.1M | — | ||
| Q4 24 | $691.5M | — | ||
| Q3 24 | $694.8M | — | ||
| Q2 24 | $682.1M | — | ||
| Q1 24 | $671.7M | — |
| Q4 25 | — | $1.7B | ||
| Q3 25 | $-351.6M | $1.8B | ||
| Q2 25 | $-348.6M | $1.8B | ||
| Q1 25 | $-340.1M | $1.7B | ||
| Q4 24 | $-335.1M | $1.7B | ||
| Q3 24 | $-279.4M | $1.7B | ||
| Q2 24 | $-231.7M | $1.7B | ||
| Q1 24 | $-193.0M | $1.7B |
| Q4 25 | — | $5.1B | ||
| Q3 25 | $2.7B | $5.8B | ||
| Q2 25 | $2.6B | $4.7B | ||
| Q1 25 | $2.5B | $4.5B | ||
| Q4 24 | $2.4B | $4.4B | ||
| Q3 24 | $2.6B | $4.6B | ||
| Q2 24 | $2.6B | $4.2B | ||
| Q1 24 | $2.5B | $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 | $34.9M | $-664.3M |
| Free Cash FlowOCF − Capex | $3.5M | $-680.1M |
| FCF MarginFCF / Revenue | 0.9% | -200.0% |
| Capex IntensityCapex / Revenue | 8.5% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-664.3M | ||
| Q3 25 | $34.9M | $-948.1M | ||
| Q2 25 | $41.0M | $-238.5M | ||
| Q1 25 | $22.8M | $-281.1M | ||
| Q4 24 | $26.9M | $129.4M | ||
| Q3 24 | $20.6M | $-202.0M | ||
| Q2 24 | $36.0M | $-237.8M | ||
| Q1 24 | $6.2M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | $3.5M | $-950.4M | ||
| Q2 25 | $12.4M | $-241.0M | ||
| Q1 25 | $7.5M | $-284.7M | ||
| Q4 24 | $18.5M | $116.4M | ||
| Q3 24 | $10.3M | $-204.0M | ||
| Q2 24 | $10.2M | $-241.7M | ||
| Q1 24 | $-13.5M | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | 0.9% | -281.5% | ||
| Q2 25 | 3.8% | -75.5% | ||
| Q1 25 | 2.7% | -120.0% | ||
| Q4 24 | 6.1% | 34.1% | ||
| Q3 24 | 3.1% | -69.8% | ||
| Q2 24 | 3.4% | -89.3% | ||
| Q1 24 | -5.2% | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 8.5% | 0.7% | ||
| Q2 25 | 8.7% | 0.8% | ||
| Q1 25 | 5.4% | 1.5% | ||
| Q4 24 | 2.7% | 3.8% | ||
| Q3 24 | 3.1% | 0.7% | ||
| Q2 24 | 8.5% | 1.4% | ||
| Q1 24 | 7.5% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | 1.65× | -7.02× | ||
| Q1 25 | 2.79× | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 117.70× | -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
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
WD
Segment breakdown not available.
