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Side-by-side financial comparison of Spectrum Brands Holdings, Inc. (SPB) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Spectrum Brands Holdings, Inc. is the larger business by last-quarter revenue ($677.0M vs $340.0M, roughly 2.0× Walker & Dunlop, Inc.). Spectrum Brands Holdings, Inc. runs the higher net margin — 4.2% vs -12.9%, a 17.1% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -3.3%). Spectrum Brands Holdings, Inc. produced more free cash flow last quarter ($59.3M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -2.9%).
Spectrum Brands Holdings, Inc. is an American multinational consumer products conglomerate headquartered in Middleton, Wisconsin. It was established in 2005 as the successor to Rayovac Corporation.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
SPB vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $677.0M | $340.0M |
| Net Profit | $28.4M | $-13.9M |
| Gross Margin | 35.7% | — |
| Operating Margin | 4.0% | -17.2% |
| Net Margin | 4.2% | -12.9% |
| Revenue YoY | -3.3% | -0.4% |
| Net Profit YoY | 20.9% | -131.0% |
| EPS (diluted) | $1.21 | $-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 | $677.0M | $340.0M | ||
| Q3 25 | $733.5M | $337.7M | ||
| Q2 25 | $699.6M | $319.2M | ||
| Q1 25 | $675.7M | $237.4M | ||
| Q4 24 | $700.2M | $341.5M | ||
| Q3 24 | $773.8M | $292.3M | ||
| Q2 24 | $779.4M | $270.7M | ||
| Q1 24 | $718.5M | $228.1M |
| Q4 25 | $28.4M | $-13.9M | ||
| Q3 25 | $55.6M | $33.5M | ||
| Q2 25 | $19.9M | $34.0M | ||
| Q1 25 | $900.0K | $2.8M | ||
| Q4 24 | $23.5M | $44.8M | ||
| Q3 24 | $28.5M | $28.8M | ||
| Q2 24 | $6.1M | $22.7M | ||
| Q1 24 | $61.1M | $11.9M |
| Q4 25 | 35.7% | — | ||
| Q3 25 | 35.0% | — | ||
| Q2 25 | 37.8% | — | ||
| Q1 25 | 37.5% | — | ||
| Q4 24 | 36.8% | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | 38.9% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | 4.0% | -17.2% | ||
| Q3 25 | 4.0% | 13.6% | ||
| Q2 25 | 4.5% | 14.5% | ||
| Q1 25 | 2.9% | 2.2% | ||
| Q4 24 | 6.4% | 15.3% | ||
| Q3 24 | 2.8% | 12.8% | ||
| Q2 24 | 6.1% | 10.4% | ||
| Q1 24 | 10.6% | 6.0% |
| Q4 25 | 4.2% | -12.9% | ||
| Q3 25 | 7.6% | 9.9% | ||
| Q2 25 | 2.8% | 10.6% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 3.4% | 13.1% | ||
| Q3 24 | 3.7% | 9.9% | ||
| Q2 24 | 0.8% | 8.4% | ||
| Q1 24 | 8.5% | 5.2% |
| Q4 25 | $1.21 | $-0.41 | ||
| Q3 25 | $2.19 | $0.98 | ||
| Q2 25 | $0.80 | $0.99 | ||
| Q1 25 | $0.03 | $0.08 | ||
| Q4 24 | $0.84 | $1.32 | ||
| Q3 24 | $1.03 | $0.85 | ||
| Q2 24 | $0.21 | $0.67 | ||
| Q1 24 | $2.01 | $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 | $126.6M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $1.7B |
| Total Assets | $3.4B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.6M | $299.3M | ||
| Q3 25 | $123.6M | $274.8M | ||
| Q2 25 | $122.0M | $233.7M | ||
| Q1 25 | $96.0M | $181.0M | ||
| Q4 24 | $179.9M | $279.3M | ||
| Q3 24 | $368.9M | $179.8M | ||
| Q2 24 | $306.8M | $208.1M | ||
| Q1 24 | $1.2B | $216.5M |
| Q4 25 | — | — | ||
| Q3 25 | $496.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $496.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B | ||
| Q1 24 | $2.3B | $1.7B |
| Q4 25 | $3.4B | $5.1B | ||
| Q3 25 | $3.4B | $5.8B | ||
| Q2 25 | $3.5B | $4.7B | ||
| Q1 25 | $3.5B | $4.5B | ||
| Q4 24 | $3.6B | $4.4B | ||
| Q3 24 | $3.8B | $4.6B | ||
| Q2 24 | $3.8B | $4.2B | ||
| Q1 24 | $4.8B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.26× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $67.4M | $-664.3M |
| Free Cash FlowOCF − Capex | $59.3M | $-680.1M |
| FCF MarginFCF / Revenue | 8.8% | -200.0% |
| Capex IntensityCapex / Revenue | 1.2% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $302.9M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.4M | $-664.3M | ||
| Q3 25 | $171.1M | $-948.1M | ||
| Q2 25 | $81.8M | $-238.5M | ||
| Q1 25 | $23.1M | $-281.1M | ||
| Q4 24 | $-72.4M | $129.4M | ||
| Q3 24 | $80.7M | $-202.0M | ||
| Q2 24 | $82.7M | $-237.8M | ||
| Q1 24 | $3.5M | $38.4M |
| Q4 25 | $59.3M | $-680.1M | ||
| Q3 25 | $157.9M | $-950.4M | ||
| Q2 25 | $71.8M | $-241.0M | ||
| Q1 25 | $13.9M | $-284.7M | ||
| Q4 24 | $-78.3M | $116.4M | ||
| Q3 24 | $67.7M | $-204.0M | ||
| Q2 24 | $72.6M | $-241.7M | ||
| Q1 24 | $-9.0M | $35.2M |
| Q4 25 | 8.8% | -200.0% | ||
| Q3 25 | 21.5% | -281.5% | ||
| Q2 25 | 10.3% | -75.5% | ||
| Q1 25 | 2.1% | -120.0% | ||
| Q4 24 | -11.2% | 34.1% | ||
| Q3 24 | 8.7% | -69.8% | ||
| Q2 24 | 9.3% | -89.3% | ||
| Q1 24 | -1.3% | 15.4% |
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 1.4% | 1.5% | ||
| Q4 24 | 0.8% | 3.8% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 1.7% | 1.4% |
| Q4 25 | 2.37× | — | ||
| Q3 25 | 3.08× | -28.34× | ||
| Q2 25 | 4.11× | -7.02× | ||
| Q1 25 | 25.67× | -102.07× | ||
| Q4 24 | -3.08× | 2.89× | ||
| Q3 24 | 2.83× | -7.01× | ||
| Q2 24 | 13.56× | -10.49× | ||
| Q1 24 | 0.06× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPB
| HPC Segment | $321.5M | 47% |
| Global Pet Supplies | $168.7M | 25% |
| Home And Personal Care | $109.8M | 16% |
| HG Segment | $73.9M | 11% |
WD
Segment breakdown not available.
