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Side-by-side financial comparison of TIDEWATER INC (TDW) 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 $336.8M, roughly 1.0× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs -12.9%, a 78.2% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -2.4%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 2.4%).
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
TDW vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.8M | $340.0M |
| Net Profit | $219.9M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 19.0% | -17.2% |
| Net Margin | 65.3% | -12.9% |
| Revenue YoY | -2.4% | -0.4% |
| Net Profit YoY | 495.8% | -131.0% |
| EPS (diluted) | $4.37 | $-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 | $336.8M | $340.0M | ||
| Q3 25 | $341.1M | $337.7M | ||
| Q2 25 | $341.4M | $319.2M | ||
| Q1 25 | $333.4M | $237.4M | ||
| Q4 24 | $345.1M | $341.5M | ||
| Q3 24 | $340.4M | $292.3M | ||
| Q2 24 | $339.2M | $270.7M | ||
| Q1 24 | $321.2M | $228.1M |
| Q4 25 | $219.9M | $-13.9M | ||
| Q3 25 | $-806.0K | $33.5M | ||
| Q2 25 | $72.9M | $34.0M | ||
| Q1 25 | $42.7M | $2.8M | ||
| Q4 24 | $36.9M | $44.8M | ||
| Q3 24 | $46.4M | $28.8M | ||
| Q2 24 | $50.4M | $22.7M | ||
| Q1 24 | $47.0M | $11.9M |
| Q4 25 | 19.0% | -17.2% | ||
| Q3 25 | 18.4% | 13.6% | ||
| Q2 25 | 23.7% | 14.5% | ||
| Q1 25 | 22.5% | 2.2% | ||
| Q4 24 | 23.6% | 15.3% | ||
| Q3 24 | 20.6% | 12.8% | ||
| Q2 24 | 23.0% | 10.4% | ||
| Q1 24 | 25.5% | 6.0% |
| Q4 25 | 65.3% | -12.9% | ||
| Q3 25 | -0.2% | 9.9% | ||
| Q2 25 | 21.4% | 10.6% | ||
| Q1 25 | 12.8% | 1.2% | ||
| Q4 24 | 10.7% | 13.1% | ||
| Q3 24 | 13.6% | 9.9% | ||
| Q2 24 | 14.8% | 8.4% | ||
| Q1 24 | 14.6% | 5.2% |
| Q4 25 | $4.37 | $-0.41 | ||
| Q3 25 | $-0.02 | $0.98 | ||
| Q2 25 | $1.46 | $0.99 | ||
| Q1 25 | $0.83 | $0.08 | ||
| Q4 24 | $0.70 | $1.32 | ||
| Q3 24 | $0.87 | $0.85 | ||
| Q2 24 | $0.94 | $0.67 | ||
| Q1 24 | $0.89 | $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 | $578.8M | $299.3M |
| Total DebtLower is stronger | $670.1M | — |
| Stockholders' EquityBook value | $1.4B | $1.7B |
| Total Assets | $2.4B | $5.1B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $578.8M | $299.3M | ||
| Q3 25 | $428.2M | $274.8M | ||
| Q2 25 | $369.4M | $233.7M | ||
| Q1 25 | $341.8M | $181.0M | ||
| Q4 24 | $324.9M | $279.3M | ||
| Q3 24 | $280.8M | $179.8M | ||
| Q2 24 | $315.9M | $208.1M | ||
| Q1 24 | $280.9M | $216.5M |
| Q4 25 | $670.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $647.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $1.1B | $1.7B |
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.1B | $4.4B | ||
| Q3 24 | $2.0B | $4.6B | ||
| Q2 24 | $2.1B | $4.2B | ||
| Q1 24 | $2.1B | $3.8B |
| Q4 25 | 0.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — | ||
| 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 | $153.0M | $-664.3M |
| Free Cash FlowOCF − Capex | $147.8M | $-680.1M |
| FCF MarginFCF / Revenue | 43.9% | -200.0% |
| Capex IntensityCapex / Revenue | 1.5% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $353.3M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.0M | $-664.3M | ||
| Q3 25 | $54.7M | $-948.1M | ||
| Q2 25 | $85.4M | $-238.5M | ||
| Q1 25 | $86.0M | $-281.1M | ||
| Q4 24 | $100.0M | $129.4M | ||
| Q3 24 | $49.0M | $-202.0M | ||
| Q2 24 | $78.6M | $-237.8M | ||
| Q1 24 | $54.8M | $38.4M |
| Q4 25 | $147.8M | $-680.1M | ||
| Q3 25 | $49.6M | $-950.4M | ||
| Q2 25 | $80.2M | $-241.0M | ||
| Q1 25 | $75.7M | $-284.7M | ||
| Q4 24 | $95.5M | $116.4M | ||
| Q3 24 | $43.3M | $-204.0M | ||
| Q2 24 | $72.3M | $-241.7M | ||
| Q1 24 | $43.8M | $35.2M |
| Q4 25 | 43.9% | -200.0% | ||
| Q3 25 | 14.5% | -281.5% | ||
| Q2 25 | 23.5% | -75.5% | ||
| Q1 25 | 22.7% | -120.0% | ||
| Q4 24 | 27.7% | 34.1% | ||
| Q3 24 | 12.7% | -69.8% | ||
| Q2 24 | 21.3% | -89.3% | ||
| Q1 24 | 13.6% | 15.4% |
| Q4 25 | 1.5% | 4.6% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 1.5% | 0.8% | ||
| Q1 25 | 3.1% | 1.5% | ||
| Q4 24 | 1.3% | 3.8% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 1.9% | 1.4% | ||
| Q1 24 | 3.4% | 1.4% |
| Q4 25 | 0.70× | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | 1.17× | -7.02× | ||
| Q1 25 | 2.02× | -102.07× | ||
| Q4 24 | 2.71× | 2.89× | ||
| Q3 24 | 1.06× | -7.01× | ||
| Q2 24 | 1.56× | -10.49× | ||
| Q1 24 | 1.16× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
