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Side-by-side financial comparison of UNITED BANKSHARES INC (UBSI) 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 $318.4M, roughly 1.1× UNITED BANKSHARES INC). UNITED BANKSHARES INC runs the higher net margin — 40.5% vs -12.9%, a 53.4% gap on every dollar of revenue. On growth, UNITED BANKSHARES INC posted the faster year-over-year revenue change (21.6% vs -0.4%). UNITED BANKSHARES INC produced more free cash flow last quarter ($481.2M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 11.8%).
United Bankshares Inc. (WV) is a regional financial holding company operating mainly across the Mid-Atlantic and Southeastern United States. It provides full-spectrum banking solutions including consumer and commercial lending, deposit products, wealth management, and mortgage services for individual, small business and corporate clients.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
UBSI vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $318.4M | $340.0M |
| Net Profit | $128.8M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 50.2% | -17.2% |
| Net Margin | 40.5% | -12.9% |
| Revenue YoY | 21.6% | -0.4% |
| Net Profit YoY | 36.5% | -131.0% |
| EPS (diluted) | $0.91 | $-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 | $318.4M | $340.0M | ||
| Q3 25 | $323.3M | $337.7M | ||
| Q2 25 | $306.0M | $319.2M | ||
| Q1 25 | $289.6M | $237.4M | ||
| Q4 24 | $261.9M | $341.5M | ||
| Q3 24 | $262.2M | $292.3M | ||
| Q2 24 | $255.9M | $270.7M | ||
| Q1 24 | $254.7M | $228.1M |
| Q4 25 | $128.8M | $-13.9M | ||
| Q3 25 | $130.7M | $33.5M | ||
| Q2 25 | $120.7M | $34.0M | ||
| Q1 25 | $84.3M | $2.8M | ||
| Q4 24 | $94.4M | $44.8M | ||
| Q3 24 | $95.3M | $28.8M | ||
| Q2 24 | $96.5M | $22.7M | ||
| Q1 24 | $86.8M | $11.9M |
| Q4 25 | 50.2% | -17.2% | ||
| Q3 25 | 50.9% | 13.6% | ||
| Q2 25 | 49.7% | 14.5% | ||
| Q1 25 | 36.9% | 2.2% | ||
| Q4 24 | 46.2% | 15.3% | ||
| Q3 24 | 45.7% | 12.8% | ||
| Q2 24 | 45.1% | 10.4% | ||
| Q1 24 | 42.5% | 6.0% |
| Q4 25 | 40.5% | -12.9% | ||
| Q3 25 | 40.4% | 9.9% | ||
| Q2 25 | 39.5% | 10.6% | ||
| Q1 25 | 29.1% | 1.2% | ||
| Q4 24 | 36.0% | 13.1% | ||
| Q3 24 | 36.3% | 9.9% | ||
| Q2 24 | 37.7% | 8.4% | ||
| Q1 24 | 34.1% | 5.2% |
| Q4 25 | $0.91 | $-0.41 | ||
| Q3 25 | $0.92 | $0.98 | ||
| Q2 25 | $0.85 | $0.99 | ||
| Q1 25 | $0.59 | $0.08 | ||
| Q4 24 | $0.70 | $1.32 | ||
| Q3 24 | $0.70 | $0.85 | ||
| Q2 24 | $0.71 | $0.67 | ||
| Q1 24 | $0.64 | $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 | — | $299.3M |
| Total DebtLower is stronger | $531.8M | — |
| Stockholders' EquityBook value | $5.5B | $1.7B |
| Total Assets | $33.7B | $5.1B |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $299.3M | ||
| Q3 25 | — | $274.8M | ||
| Q2 25 | — | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | — | $279.3M | ||
| Q3 24 | — | $179.8M | ||
| Q2 24 | — | $208.1M | ||
| Q1 24 | — | $216.5M |
| Q4 25 | $531.8M | — | ||
| Q3 25 | $250.0M | — | ||
| Q2 25 | $250.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $540.4M | — | ||
| Q3 24 | $260.3M | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $5.5B | $1.7B | ||
| Q3 25 | $5.4B | $1.8B | ||
| Q2 25 | $5.4B | $1.8B | ||
| Q1 25 | $5.3B | $1.7B | ||
| Q4 24 | $5.0B | $1.7B | ||
| Q3 24 | $5.0B | $1.7B | ||
| Q2 24 | $4.9B | $1.7B | ||
| Q1 24 | $4.8B | $1.7B |
| Q4 25 | $33.7B | $5.1B | ||
| Q3 25 | $33.4B | $5.8B | ||
| Q2 25 | $32.8B | $4.7B | ||
| Q1 25 | $32.8B | $4.5B | ||
| Q4 24 | $30.0B | $4.4B | ||
| Q3 24 | $29.9B | $4.6B | ||
| Q2 24 | $30.0B | $4.2B | ||
| Q1 24 | $30.0B | $3.8B |
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.11× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.25× | — | ||
| Q1 24 | 0.30× | — |
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 | $498.9M | $-664.3M |
| Free Cash FlowOCF − Capex | $481.2M | $-680.1M |
| FCF MarginFCF / Revenue | 151.1% | -200.0% |
| Capex IntensityCapex / Revenue | 5.6% | 4.6% |
| Cash ConversionOCF / Net Profit | 3.87× | — |
| TTM Free Cash FlowTrailing 4 quarters | $828.9M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $498.9M | $-664.3M | ||
| Q3 25 | $150.6M | $-948.1M | ||
| Q2 25 | $89.4M | $-238.5M | ||
| Q1 25 | $120.0M | $-281.1M | ||
| Q4 24 | $445.5M | $129.4M | ||
| Q3 24 | $123.6M | $-202.0M | ||
| Q2 24 | $61.2M | $-237.8M | ||
| Q1 24 | $124.4M | $38.4M |
| Q4 25 | $481.2M | $-680.1M | ||
| Q3 25 | $146.4M | $-950.4M | ||
| Q2 25 | $85.2M | $-241.0M | ||
| Q1 25 | $116.1M | $-284.7M | ||
| Q4 24 | $433.3M | $116.4M | ||
| Q3 24 | $122.0M | $-204.0M | ||
| Q2 24 | $58.2M | $-241.7M | ||
| Q1 24 | $119.6M | $35.2M |
| Q4 25 | 151.1% | -200.0% | ||
| Q3 25 | 45.3% | -281.5% | ||
| Q2 25 | 27.8% | -75.5% | ||
| Q1 25 | 40.1% | -120.0% | ||
| Q4 24 | 165.4% | 34.1% | ||
| Q3 24 | 46.5% | -69.8% | ||
| Q2 24 | 22.7% | -89.3% | ||
| Q1 24 | 47.0% | 15.4% |
| Q4 25 | 5.6% | 4.6% | ||
| Q3 25 | 1.3% | 0.7% | ||
| Q2 25 | 1.4% | 0.8% | ||
| Q1 25 | 1.3% | 1.5% | ||
| Q4 24 | 4.6% | 3.8% | ||
| Q3 24 | 0.6% | 0.7% | ||
| Q2 24 | 1.2% | 1.4% | ||
| Q1 24 | 1.9% | 1.4% |
| Q4 25 | 3.87× | — | ||
| Q3 25 | 1.15× | -28.34× | ||
| Q2 25 | 0.74× | -7.02× | ||
| Q1 25 | 1.42× | -102.07× | ||
| Q4 24 | 4.72× | 2.89× | ||
| Q3 24 | 1.30× | -7.01× | ||
| Q2 24 | 0.63× | -10.49× | ||
| Q1 24 | 1.43× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
