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Side-by-side financial comparison of Vital Farms, Inc. (VITL) 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 $213.6M, roughly 1.6× Vital Farms, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs -12.9%, a 20.5% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -0.4%). Vital Farms, Inc. produced more free cash flow last quarter ($-32.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 20.2%).
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
VITL vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $213.6M | $340.0M |
| Net Profit | $16.3M | $-13.9M |
| Gross Margin | 35.8% | — |
| Operating Margin | 10.0% | -17.2% |
| Net Margin | 7.6% | -12.9% |
| Revenue YoY | 28.7% | -0.4% |
| Net Profit YoY | 54.3% | -131.0% |
| EPS (diluted) | $0.35 | $-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 | $213.6M | $340.0M | ||
| Q3 25 | $198.9M | $337.7M | ||
| Q2 25 | $184.8M | $319.2M | ||
| Q1 25 | $162.2M | $237.4M | ||
| Q4 24 | $166.0M | $341.5M | ||
| Q3 24 | $145.0M | $292.3M | ||
| Q2 24 | $147.4M | $270.7M | ||
| Q1 24 | $147.9M | $228.1M |
| Q4 25 | $16.3M | $-13.9M | ||
| Q3 25 | $16.4M | $33.5M | ||
| Q2 25 | $16.6M | $34.0M | ||
| Q1 25 | $16.9M | $2.8M | ||
| Q4 24 | $10.6M | $44.8M | ||
| Q3 24 | $7.4M | $28.8M | ||
| Q2 24 | $16.3M | $22.7M | ||
| Q1 24 | $19.0M | $11.9M |
| Q4 25 | 35.8% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 38.9% | — | ||
| Q1 25 | 38.5% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 36.9% | — | ||
| Q2 24 | 39.1% | — | ||
| Q1 24 | 39.8% | — |
| Q4 25 | 10.0% | -17.2% | ||
| Q3 25 | 10.8% | 13.6% | ||
| Q2 25 | 12.9% | 14.5% | ||
| Q1 25 | 13.4% | 2.2% | ||
| Q4 24 | 7.8% | 15.3% | ||
| Q3 24 | 6.4% | 12.8% | ||
| Q2 24 | 11.6% | 10.4% | ||
| Q1 24 | 16.3% | 6.0% |
| Q4 25 | 7.6% | -12.9% | ||
| Q3 25 | 8.3% | 9.9% | ||
| Q2 25 | 9.0% | 10.6% | ||
| Q1 25 | 10.4% | 1.2% | ||
| Q4 24 | 6.4% | 13.1% | ||
| Q3 24 | 5.1% | 9.9% | ||
| Q2 24 | 11.1% | 8.4% | ||
| Q1 24 | 12.9% | 5.2% |
| Q4 25 | $0.35 | $-0.41 | ||
| Q3 25 | $0.36 | $0.98 | ||
| Q2 25 | $0.36 | $0.99 | ||
| Q1 25 | $0.37 | $0.08 | ||
| Q4 24 | $0.23 | $1.32 | ||
| Q3 24 | $0.16 | $0.85 | ||
| Q2 24 | $0.36 | $0.67 | ||
| Q1 24 | $0.43 | $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 | $48.8M | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $351.3M | $1.7B |
| Total Assets | $518.7M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $48.8M | $299.3M | ||
| Q3 25 | $93.8M | $274.8M | ||
| Q2 25 | $108.2M | $233.7M | ||
| Q1 25 | $156.3M | $181.0M | ||
| Q4 24 | $150.6M | $279.3M | ||
| Q3 24 | $149.5M | $179.8M | ||
| Q2 24 | $133.2M | $208.1M | ||
| Q1 24 | $113.8M | $216.5M |
| Q4 25 | $351.3M | $1.7B | ||
| Q3 25 | $331.2M | $1.8B | ||
| Q2 25 | $309.8M | $1.8B | ||
| Q1 25 | $288.9M | $1.7B | ||
| Q4 24 | $269.3M | $1.7B | ||
| Q3 24 | $253.4M | $1.7B | ||
| Q2 24 | $238.4M | $1.7B | ||
| Q1 24 | $213.3M | $1.7B |
| Q4 25 | $518.7M | $5.1B | ||
| Q3 25 | $481.5M | $5.8B | ||
| Q2 25 | $430.8M | $4.7B | ||
| Q1 25 | $376.9M | $4.5B | ||
| Q4 24 | $359.3M | $4.4B | ||
| Q3 24 | $344.7M | $4.6B | ||
| Q2 24 | $320.5M | $4.2B | ||
| Q1 24 | $300.2M | $3.8B |
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 | $5.8M | $-664.3M |
| Free Cash FlowOCF − Capex | $-32.1M | $-680.1M |
| FCF MarginFCF / Revenue | -15.1% | -200.0% |
| Capex IntensityCapex / Revenue | 17.8% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-48.2M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $-664.3M | ||
| Q3 25 | $23.4M | $-948.1M | ||
| Q2 25 | $-761.0K | $-238.5M | ||
| Q1 25 | $5.3M | $-281.1M | ||
| Q4 24 | $14.8M | $129.4M | ||
| Q3 24 | $10.0M | $-202.0M | ||
| Q2 24 | $16.1M | $-237.8M | ||
| Q1 24 | $23.9M | $38.4M |
| Q4 25 | $-32.1M | $-680.1M | ||
| Q3 25 | $-10.6M | $-950.4M | ||
| Q2 25 | $-7.6M | $-241.0M | ||
| Q1 25 | $2.1M | $-284.7M | ||
| Q4 24 | $-3.4M | $116.4M | ||
| Q3 24 | $6.4M | $-204.0M | ||
| Q2 24 | $10.5M | $-241.7M | ||
| Q1 24 | $22.6M | $35.2M |
| Q4 25 | -15.1% | -200.0% | ||
| Q3 25 | -5.3% | -281.5% | ||
| Q2 25 | -4.1% | -75.5% | ||
| Q1 25 | 1.3% | -120.0% | ||
| Q4 24 | -2.0% | 34.1% | ||
| Q3 24 | 4.4% | -69.8% | ||
| Q2 24 | 7.2% | -89.3% | ||
| Q1 24 | 15.3% | 15.4% |
| Q4 25 | 17.8% | 4.6% | ||
| Q3 25 | 17.1% | 0.7% | ||
| Q2 25 | 3.7% | 0.8% | ||
| Q1 25 | 1.9% | 1.5% | ||
| Q4 24 | 10.9% | 3.8% | ||
| Q3 24 | 2.5% | 0.7% | ||
| Q2 24 | 3.8% | 1.4% | ||
| Q1 24 | 0.9% | 1.4% |
| Q4 25 | 0.35× | — | ||
| Q3 25 | 1.43× | -28.34× | ||
| Q2 25 | -0.05× | -7.02× | ||
| Q1 25 | 0.31× | -102.07× | ||
| Q4 24 | 1.40× | 2.89× | ||
| Q3 24 | 1.34× | -7.01× | ||
| Q2 24 | 0.99× | -10.49× | ||
| Q1 24 | 1.26× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
WD
Segment breakdown not available.
