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Side-by-side financial comparison of SEMTECH CORP (SMTC) 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 $267.0M, roughly 1.3× SEMTECH CORP). SEMTECH CORP runs the higher net margin — -1.1% vs -12.9%, a 11.8% gap on every dollar of revenue. On growth, SEMTECH CORP posted the faster year-over-year revenue change (12.7% vs -0.4%). SEMTECH CORP produced more free cash flow last quarter ($44.6M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 17.6%).
Semtech Corporation is an American supplier of analog and mixed-signal semiconductors and advanced algorithms for consumer, enterprise computing, communications and industrial end-markets. It is based in Camarillo, Ventura County, Southern California. It was founded in 1960 in Newbury Park, California. It has 32 locations in 15 countries in North America, Europe, and Asia.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
SMTC vs WD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.0M | $340.0M |
| Net Profit | $-2.9M | $-13.9M |
| Gross Margin | 51.9% | — |
| Operating Margin | 11.6% | -17.2% |
| Net Margin | -1.1% | -12.9% |
| Revenue YoY | 12.7% | -0.4% |
| Net Profit YoY | 62.3% | -131.0% |
| EPS (diluted) | $-0.03 | $-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 | $267.0M | $340.0M | ||
| Q3 25 | $257.6M | $337.7M | ||
| Q2 25 | $251.1M | $319.2M | ||
| Q1 25 | $251.0M | $237.4M | ||
| Q4 24 | $236.8M | $341.5M | ||
| Q3 24 | $215.4M | $292.3M | ||
| Q2 24 | $206.1M | $270.7M | ||
| Q1 24 | $192.9M | $228.1M |
| Q4 25 | $-2.9M | $-13.9M | ||
| Q3 25 | $-27.1M | $33.5M | ||
| Q2 25 | $19.3M | $34.0M | ||
| Q1 25 | $39.1M | $2.8M | ||
| Q4 24 | $-7.6M | $44.8M | ||
| Q3 24 | $-170.3M | $28.8M | ||
| Q2 24 | $-23.2M | $22.7M | ||
| Q1 24 | $-642.4M | $11.9M |
| Q4 25 | 51.9% | — | ||
| Q3 25 | 52.1% | — | ||
| Q2 25 | 52.3% | — | ||
| Q1 25 | 52.0% | — | ||
| Q4 24 | 51.1% | — | ||
| Q3 24 | 49.0% | — | ||
| Q2 24 | 48.3% | — | ||
| Q1 24 | -0.2% | — |
| Q4 25 | 11.6% | -17.2% | ||
| Q3 25 | -6.3% | 13.6% | ||
| Q2 25 | 14.3% | 14.5% | ||
| Q1 25 | 8.5% | 2.2% | ||
| Q4 24 | 7.5% | 15.3% | ||
| Q3 24 | 3.6% | 12.8% | ||
| Q2 24 | 1.5% | 10.4% | ||
| Q1 24 | -321.3% | 6.0% |
| Q4 25 | -1.1% | -12.9% | ||
| Q3 25 | -10.5% | 9.9% | ||
| Q2 25 | 7.7% | 10.6% | ||
| Q1 25 | 15.6% | 1.2% | ||
| Q4 24 | -3.2% | 13.1% | ||
| Q3 24 | -79.1% | 9.9% | ||
| Q2 24 | -11.2% | 8.4% | ||
| Q1 24 | -332.9% | 5.2% |
| Q4 25 | $-0.03 | $-0.41 | ||
| Q3 25 | $-0.31 | $0.98 | ||
| Q2 25 | $0.22 | $0.99 | ||
| Q1 25 | $0.81 | $0.08 | ||
| Q4 24 | $-0.10 | $1.32 | ||
| Q3 24 | $-2.61 | $0.85 | ||
| Q2 24 | $-0.36 | $0.67 | ||
| Q1 24 | $-10.00 | $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 | $164.7M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $565.7M | $1.7B |
| Total Assets | $1.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.7M | $299.3M | ||
| Q3 25 | $168.6M | $274.8M | ||
| Q2 25 | $156.5M | $233.7M | ||
| Q1 25 | $151.7M | $181.0M | ||
| Q4 24 | $136.5M | $279.3M | ||
| Q3 24 | $115.9M | $179.8M | ||
| Q2 24 | $126.8M | $208.1M | ||
| Q1 24 | $128.6M | $216.5M |
| Q4 25 | $565.7M | $1.7B | ||
| Q3 25 | $552.9M | $1.8B | ||
| Q2 25 | $568.8M | $1.8B | ||
| Q1 25 | $542.4M | $1.7B | ||
| Q4 24 | $-139.7M | $1.7B | ||
| Q3 24 | $-141.4M | $1.7B | ||
| Q2 24 | $-313.1M | $1.7B | ||
| Q1 24 | $-307.4M | $1.7B |
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.8B | ||
| Q2 25 | $1.4B | $4.7B | ||
| Q1 25 | $1.4B | $4.5B | ||
| Q4 24 | $1.4B | $4.4B | ||
| Q3 24 | $1.4B | $4.6B | ||
| Q2 24 | $1.4B | $4.2B | ||
| Q1 24 | $1.4B | $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 | $47.5M | $-664.3M |
| Free Cash FlowOCF − Capex | $44.6M | $-680.1M |
| FCF MarginFCF / Revenue | 16.7% | -200.0% |
| Capex IntensityCapex / Revenue | 1.1% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $143.2M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.5M | $-664.3M | ||
| Q3 25 | $44.4M | $-948.1M | ||
| Q2 25 | $27.8M | $-238.5M | ||
| Q1 25 | $33.5M | $-281.1M | ||
| Q4 24 | $29.6M | $129.4M | ||
| Q3 24 | $-5.0M | $-202.0M | ||
| Q2 24 | $-89.0K | $-237.8M | ||
| Q1 24 | $13.9M | $38.4M |
| Q4 25 | $44.6M | $-680.1M | ||
| Q3 25 | $41.5M | $-950.4M | ||
| Q2 25 | $26.2M | $-241.0M | ||
| Q1 25 | $30.9M | $-284.7M | ||
| Q4 24 | $29.1M | $116.4M | ||
| Q3 24 | $-8.4M | $-204.0M | ||
| Q2 24 | $-1.4M | $-241.7M | ||
| Q1 24 | $12.2M | $35.2M |
| Q4 25 | 16.7% | -200.0% | ||
| Q3 25 | 16.1% | -281.5% | ||
| Q2 25 | 10.4% | -75.5% | ||
| Q1 25 | 12.3% | -120.0% | ||
| Q4 24 | 12.3% | 34.1% | ||
| Q3 24 | -3.9% | -69.8% | ||
| Q2 24 | -0.7% | -89.3% | ||
| Q1 24 | 6.3% | 15.4% |
| Q4 25 | 1.1% | 4.6% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 0.7% | 0.8% | ||
| Q1 25 | 1.0% | 1.5% | ||
| Q4 24 | 0.2% | 3.8% | ||
| Q3 24 | 1.6% | 0.7% | ||
| Q2 24 | 0.6% | 1.4% | ||
| Q1 24 | 0.9% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | 1.44× | -7.02× | ||
| Q1 25 | 0.86× | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -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
SMTC
| Products | $239.5M | 90% |
| Services | $27.4M | 10% |
WD
Segment breakdown not available.
