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Side-by-side financial comparison of Walker & Dunlop, Inc. (WD) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.

Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $334.0M, roughly 1.0× WYNDHAM HOTELS & RESORTS, INC.). Walker & Dunlop, Inc. runs the higher net margin — -12.9% vs -18.0%, a 5.1% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -0.6%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($136.0M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 4.6%).

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.

WD vs WH — Head-to-Head

Bigger by revenue
WD
WD
1.0× larger
WD
$340.0M
$334.0M
WH
Growing faster (revenue YoY)
WD
WD
+0.2% gap
WD
-0.4%
-0.6%
WH
Higher net margin
WD
WD
5.1% more per $
WD
-12.9%
-18.0%
WH
More free cash flow
WH
WH
$816.1M more FCF
WH
$136.0M
$-680.1M
WD
Faster 2-yr revenue CAGR
WD
WD
Annualised
WD
22.1%
4.6%
WH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
WD
WD
WH
WH
Revenue
$340.0M
$334.0M
Net Profit
$-13.9M
$-60.0M
Gross Margin
Operating Margin
-17.2%
-11.4%
Net Margin
-12.9%
-18.0%
Revenue YoY
-0.4%
-0.6%
Net Profit YoY
-131.0%
-170.6%
EPS (diluted)
$-0.41
$-0.77

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.

Revenue
WD
WD
WH
WH
Q4 25
$340.0M
$334.0M
Q3 25
$337.7M
$382.0M
Q2 25
$319.2M
$397.0M
Q1 25
$237.4M
$316.0M
Q4 24
$341.5M
$336.0M
Q3 24
$292.3M
$396.0M
Q2 24
$270.7M
$367.0M
Q1 24
$228.1M
$305.0M
Net Profit
WD
WD
WH
WH
Q4 25
$-13.9M
$-60.0M
Q3 25
$33.5M
$105.0M
Q2 25
$34.0M
$87.0M
Q1 25
$2.8M
$61.0M
Q4 24
$44.8M
$85.0M
Q3 24
$28.8M
$102.0M
Q2 24
$22.7M
$86.0M
Q1 24
$11.9M
$16.0M
Operating Margin
WD
WD
WH
WH
Q4 25
-17.2%
-11.4%
Q3 25
13.6%
46.6%
Q2 25
14.5%
37.8%
Q1 25
2.2%
35.4%
Q4 24
15.3%
38.4%
Q3 24
12.8%
43.2%
Q2 24
10.4%
39.5%
Q1 24
6.0%
16.4%
Net Margin
WD
WD
WH
WH
Q4 25
-12.9%
-18.0%
Q3 25
9.9%
27.5%
Q2 25
10.6%
21.9%
Q1 25
1.2%
19.3%
Q4 24
13.1%
25.3%
Q3 24
9.9%
25.8%
Q2 24
8.4%
23.4%
Q1 24
5.2%
5.2%
EPS (diluted)
WD
WD
WH
WH
Q4 25
$-0.41
$-0.77
Q3 25
$0.98
$1.36
Q2 25
$0.99
$1.13
Q1 25
$0.08
$0.78
Q4 24
$1.32
$1.06
Q3 24
$0.85
$1.29
Q2 24
$0.67
$1.07
Q1 24
$0.35
$0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
WD
WD
WH
WH
Cash + ST InvestmentsLiquidity on hand
$299.3M
$64.0M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$1.7B
$468.0M
Total Assets
$5.1B
$4.2B
Debt / EquityLower = less leverage
5.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WD
WD
WH
WH
Q4 25
$299.3M
$64.0M
Q3 25
$274.8M
$70.0M
Q2 25
$233.7M
$50.0M
Q1 25
$181.0M
$48.0M
Q4 24
$279.3M
$103.0M
Q3 24
$179.8M
$72.0M
Q2 24
$208.1M
$70.0M
Q1 24
$216.5M
$50.0M
Total Debt
WD
WD
WH
WH
Q4 25
$2.5B
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.2B
Stockholders' Equity
WD
WD
WH
WH
Q4 25
$1.7B
$468.0M
Q3 25
$1.8B
$583.0M
Q2 25
$1.8B
$570.0M
Q1 25
$1.7B
$579.0M
Q4 24
$1.7B
$650.0M
Q3 24
$1.7B
$583.0M
Q2 24
$1.7B
$623.0M
Q1 24
$1.7B
$674.0M
Total Assets
WD
WD
WH
WH
Q4 25
$5.1B
$4.2B
Q3 25
$5.8B
$4.3B
Q2 25
$4.7B
$4.3B
Q1 25
$4.5B
$4.2B
Q4 24
$4.4B
$4.2B
Q3 24
$4.6B
$4.2B
Q2 24
$4.2B
$4.2B
Q1 24
$3.8B
$4.1B
Debt / Equity
WD
WD
WH
WH
Q4 25
5.37×
Q3 25
4.43×
Q2 25
4.44×
Q1 25
4.29×
Q4 24
3.72×
Q3 24
4.19×
Q2 24
3.83×
Q1 24
3.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
WD
WD
WH
WH
Operating Cash FlowLast quarter
$-664.3M
$152.0M
Free Cash FlowOCF − Capex
$-680.1M
$136.0M
FCF MarginFCF / Revenue
-200.0%
40.7%
Capex IntensityCapex / Revenue
4.6%
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.2B
$321.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
WD
WD
WH
WH
Q4 25
$-664.3M
$152.0M
Q3 25
$-948.1M
$86.0M
Q2 25
$-238.5M
$70.0M
Q1 25
$-281.1M
$59.0M
Q4 24
$129.4M
$134.0M
Q3 24
$-202.0M
$79.0M
Q2 24
$-237.8M
$1.0M
Q1 24
$38.4M
$76.0M
Free Cash Flow
WD
WD
WH
WH
Q4 25
$-680.1M
$136.0M
Q3 25
$-950.4M
$75.0M
Q2 25
$-241.0M
$58.0M
Q1 25
$-284.7M
$52.0M
Q4 24
$116.4M
$109.0M
Q3 24
$-204.0M
$71.0M
Q2 24
$-241.7M
$-6.0M
Q1 24
$35.2M
$67.0M
FCF Margin
WD
WD
WH
WH
Q4 25
-200.0%
40.7%
Q3 25
-281.5%
19.6%
Q2 25
-75.5%
14.6%
Q1 25
-120.0%
16.5%
Q4 24
34.1%
32.4%
Q3 24
-69.8%
17.9%
Q2 24
-89.3%
-1.6%
Q1 24
15.4%
22.0%
Capex Intensity
WD
WD
WH
WH
Q4 25
4.6%
4.8%
Q3 25
0.7%
2.9%
Q2 25
0.8%
3.0%
Q1 25
1.5%
2.2%
Q4 24
3.8%
7.4%
Q3 24
0.7%
2.0%
Q2 24
1.4%
1.9%
Q1 24
1.4%
3.0%
Cash Conversion
WD
WD
WH
WH
Q4 25
Q3 25
-28.34×
0.82×
Q2 25
-7.02×
0.80×
Q1 25
-102.07×
0.97×
Q4 24
2.89×
1.58×
Q3 24
-7.01×
0.77×
Q2 24
-10.49×
0.01×
Q1 24
3.24×
4.75×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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