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Side-by-side financial comparison of UDR, Inc. (UDR) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $340.0M, roughly 1.3× Walker & Dunlop, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -12.9%, a 57.5% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 1.3%).
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
UDR vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $425.8M | $340.0M |
| Net Profit | $189.8M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 54.0% | -17.2% |
| Net Margin | 44.6% | -12.9% |
| Revenue YoY | 0.9% | -0.4% |
| Net Profit YoY | 147.2% | -131.0% |
| EPS (diluted) | $0.63 | $-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 | $425.8M | — | ||
| Q4 25 | $433.1M | $340.0M | ||
| Q3 25 | $431.9M | $337.7M | ||
| Q2 25 | $425.4M | $319.2M | ||
| Q1 25 | $421.9M | $237.4M | ||
| Q4 24 | $422.7M | $341.5M | ||
| Q3 24 | $420.2M | $292.3M | ||
| Q2 24 | $415.3M | $270.7M |
| Q1 26 | $189.8M | — | ||
| Q4 25 | $222.9M | $-13.9M | ||
| Q3 25 | $40.4M | $33.5M | ||
| Q2 25 | $37.7M | $34.0M | ||
| Q1 25 | $76.7M | $2.8M | ||
| Q4 24 | $-5.0M | $44.8M | ||
| Q3 24 | $22.6M | $28.8M | ||
| Q2 24 | $28.9M | $22.7M |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 64.1% | -17.2% | ||
| Q3 25 | 17.7% | 13.6% | ||
| Q2 25 | 18.2% | 14.5% | ||
| Q1 25 | 29.0% | 2.2% | ||
| Q4 24 | 15.7% | 15.3% | ||
| Q3 24 | 16.6% | 12.8% | ||
| Q2 24 | 16.5% | 10.4% |
| Q1 26 | 44.6% | — | ||
| Q4 25 | 51.5% | -12.9% | ||
| Q3 25 | 9.4% | 9.9% | ||
| Q2 25 | 8.9% | 10.6% | ||
| Q1 25 | 18.2% | 1.2% | ||
| Q4 24 | -220.5% | 13.1% | ||
| Q3 24 | 5.4% | 9.9% | ||
| Q2 24 | 7.0% | 8.4% |
| Q1 26 | $0.63 | — | ||
| Q4 25 | $0.67 | $-0.41 | ||
| Q3 25 | $0.12 | $0.98 | ||
| Q2 25 | $0.11 | $0.99 | ||
| Q1 25 | $0.23 | $0.08 | ||
| Q4 24 | $-0.01 | $1.32 | ||
| Q3 24 | $0.06 | $0.85 | ||
| Q2 24 | $0.08 | $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 | $1.3M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | $1.7B |
| Total Assets | $10.3B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3M | — | ||
| Q4 25 | $1.2M | $299.3M | ||
| Q3 25 | $1.2M | $274.8M | ||
| Q2 25 | $1.5M | $233.7M | ||
| Q1 25 | $1.3M | $181.0M | ||
| Q4 24 | $1.3M | $279.3M | ||
| Q3 24 | $2.3M | $179.8M | ||
| Q2 24 | $2.8M | $208.1M |
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | — | ||
| Q3 25 | $5.8B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.8B | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $5.8B | — |
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $1.7B | ||
| Q3 25 | $3.3B | $1.8B | ||
| Q2 25 | $3.3B | $1.8B | ||
| Q1 25 | $3.3B | $1.7B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $3.5B | $1.7B | ||
| Q2 24 | $3.7B | $1.7B |
| Q1 26 | $10.3B | — | ||
| Q4 25 | $10.6B | $5.1B | ||
| Q3 25 | $10.6B | $5.8B | ||
| Q2 25 | $10.6B | $4.7B | ||
| Q1 25 | $10.7B | $4.5B | ||
| Q4 24 | $10.9B | $4.4B | ||
| Q3 24 | $11.1B | $4.6B | ||
| Q2 24 | $11.1B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 1.74× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.69× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 1.55× | — |
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 | — | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | 4.9% | 4.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $902.9M | $-664.3M | ||
| Q3 25 | $234.9M | $-948.1M | ||
| Q2 25 | $250.3M | $-238.5M | ||
| Q1 25 | $156.2M | $-281.1M | ||
| Q4 24 | $876.8M | $129.4M | ||
| Q3 24 | $230.3M | $-202.0M | ||
| Q2 24 | $238.5M | $-237.8M |
| Q1 26 | — | — | ||
| Q4 25 | $650.0M | $-680.1M | ||
| Q3 25 | $164.6M | $-950.4M | ||
| Q2 25 | $190.1M | $-241.0M | ||
| Q1 25 | $103.2M | $-284.7M | ||
| Q4 24 | $627.0M | $116.4M | ||
| Q3 24 | $161.3M | $-204.0M | ||
| Q2 24 | $171.1M | $-241.7M |
| Q1 26 | — | — | ||
| Q4 25 | 150.1% | -200.0% | ||
| Q3 25 | 38.1% | -281.5% | ||
| Q2 25 | 44.7% | -75.5% | ||
| Q1 25 | 24.5% | -120.0% | ||
| Q4 24 | 148.3% | 34.1% | ||
| Q3 24 | 38.4% | -69.8% | ||
| Q2 24 | 41.2% | -89.3% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 58.4% | 4.6% | ||
| Q3 25 | 16.3% | 0.7% | ||
| Q2 25 | 14.2% | 0.8% | ||
| Q1 25 | 12.6% | 1.5% | ||
| Q4 24 | 59.1% | 3.8% | ||
| Q3 24 | 16.4% | 0.7% | ||
| Q2 24 | 16.2% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.05× | — | ||
| Q3 25 | 5.81× | -28.34× | ||
| Q2 25 | 6.64× | -7.02× | ||
| Q1 25 | 2.04× | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | 10.19× | -7.01× | ||
| Q2 24 | 8.26× | -10.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
WD
Segment breakdown not available.
