vs
Side-by-side financial comparison of Strategic Education, Inc. (STRA) 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 $305.9M, roughly 1.1× Strategic Education, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -12.9%, a 23.6% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -0.4%). Strategic Education, Inc. produced more free cash flow last quarter ($77.3M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -1.0%).
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
STRA vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $340.0M |
| Net Profit | $32.8M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 13.4% | -17.2% |
| Net Margin | 10.7% | -12.9% |
| Revenue YoY | 0.8% | -0.4% |
| Net Profit YoY | 10.3% | -131.0% |
| EPS (diluted) | $1.48 | $-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.
| Q1 26 | $305.9M | — | ||
| Q4 25 | $323.2M | $340.0M | ||
| Q3 25 | $319.9M | $337.7M | ||
| Q2 25 | $321.5M | $319.2M | ||
| Q1 25 | $303.6M | $237.4M | ||
| Q4 24 | $311.5M | $341.5M | ||
| Q3 24 | $306.0M | $292.3M | ||
| Q2 24 | $312.3M | $270.7M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $-13.9M | ||
| Q3 25 | $26.6M | $33.5M | ||
| Q2 25 | $32.3M | $34.0M | ||
| Q1 25 | $29.7M | $2.8M | ||
| Q4 24 | $25.3M | $44.8M | ||
| Q3 24 | $27.7M | $28.8M | ||
| Q2 24 | $29.9M | $22.7M |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 16.0% | -17.2% | ||
| Q3 25 | 11.6% | 13.6% | ||
| Q2 25 | 14.2% | 14.5% | ||
| Q1 25 | 13.1% | 2.2% | ||
| Q4 24 | 11.6% | 15.3% | ||
| Q3 24 | 11.9% | 12.8% | ||
| Q2 24 | 13.4% | 10.4% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | -12.9% | ||
| Q3 25 | 8.3% | 9.9% | ||
| Q2 25 | 10.1% | 10.6% | ||
| Q1 25 | 9.8% | 1.2% | ||
| Q4 24 | 8.1% | 13.1% | ||
| Q3 24 | 9.1% | 9.9% | ||
| Q2 24 | 9.6% | 8.4% |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | $-0.41 | ||
| Q3 25 | $1.15 | $0.98 | ||
| Q2 25 | $1.37 | $0.99 | ||
| Q1 25 | $1.24 | $0.08 | ||
| Q4 24 | $1.05 | $1.32 | ||
| Q3 24 | $1.15 | $0.85 | ||
| Q2 24 | $1.24 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $150.3M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.6B | $1.7B |
| Total Assets | $2.1B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | $299.3M | ||
| Q3 25 | $172.6M | $274.8M | ||
| Q2 25 | $164.9M | $233.7M | ||
| Q1 25 | $182.6M | $181.0M | ||
| Q4 24 | $184.0M | $279.3M | ||
| Q3 24 | $222.1M | $179.8M | ||
| Q2 24 | $256.2M | $208.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.7B | $1.7B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.0B | $4.4B | ||
| Q3 24 | $2.2B | $4.6B | ||
| Q2 24 | $2.2B | $4.2B |
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 | $87.4M | $-664.3M |
| Free Cash FlowOCF − Capex | $77.3M | $-680.1M |
| FCF MarginFCF / Revenue | 25.3% | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 2.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $-664.3M | ||
| Q3 25 | $60.1M | $-948.1M | ||
| Q2 25 | $31.2M | $-238.5M | ||
| Q1 25 | $67.7M | $-281.1M | ||
| Q4 24 | $15.9M | $129.4M | ||
| Q3 24 | $51.5M | $-202.0M | ||
| Q2 24 | $24.3M | $-237.8M |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $-680.1M | ||
| Q3 25 | $49.3M | $-950.4M | ||
| Q2 25 | $20.4M | $-241.0M | ||
| Q1 25 | $57.3M | $-284.7M | ||
| Q4 24 | $4.7M | $116.4M | ||
| Q3 24 | $42.1M | $-204.0M | ||
| Q2 24 | $13.6M | $-241.7M |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | -200.0% | ||
| Q3 25 | 15.4% | -281.5% | ||
| Q2 25 | 6.3% | -75.5% | ||
| Q1 25 | 18.9% | -120.0% | ||
| Q4 24 | 1.5% | 34.1% | ||
| Q3 24 | 13.8% | -69.8% | ||
| Q2 24 | 4.3% | -89.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 4.6% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 3.4% | 0.8% | ||
| Q1 25 | 3.4% | 1.5% | ||
| Q4 24 | 3.6% | 3.8% | ||
| Q3 24 | 3.1% | 0.7% | ||
| Q2 24 | 3.4% | 1.4% |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 2.26× | -28.34× | ||
| Q2 25 | 0.97× | -7.02× | ||
| Q1 25 | 2.27× | -102.07× | ||
| Q4 24 | 0.63× | 2.89× | ||
| Q3 24 | 1.86× | -7.01× | ||
| Q2 24 | 0.81× | -10.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
WD
Segment breakdown not available.
