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Side-by-side financial comparison of Walker & Dunlop, Inc. (WD) and WORKIVA INC (WK). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $238.9M, roughly 1.4× WORKIVA INC). WORKIVA INC runs the higher net margin — 4.9% vs -12.9%, a 17.9% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs -0.4%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 16.6%).
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
WD vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $340.0M | $238.9M |
| Net Profit | $-13.9M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | -17.2% | 3.3% |
| Net Margin | -12.9% | 4.9% |
| Revenue YoY | -0.4% | 19.5% |
| Net Profit YoY | -131.0% | 234.0% |
| EPS (diluted) | $-0.41 | $0.21 |
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 | $340.0M | $238.9M | ||
| Q3 25 | $337.7M | $224.2M | ||
| Q2 25 | $319.2M | $215.2M | ||
| Q1 25 | $237.4M | $206.3M | ||
| Q4 24 | $341.5M | $199.9M | ||
| Q3 24 | $292.3M | $185.6M | ||
| Q2 24 | $270.7M | $177.5M | ||
| Q1 24 | $228.1M | $175.7M |
| Q4 25 | $-13.9M | $11.8M | ||
| Q3 25 | $33.5M | $2.8M | ||
| Q2 25 | $34.0M | $-19.4M | ||
| Q1 25 | $2.8M | $-21.4M | ||
| Q4 24 | $44.8M | $-8.8M | ||
| Q3 24 | $28.8M | $-17.0M | ||
| Q2 24 | $22.7M | $-17.5M | ||
| Q1 24 | $11.9M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | -17.2% | 3.3% | ||
| Q3 25 | 13.6% | -1.5% | ||
| Q2 25 | 14.5% | -10.3% | ||
| Q1 25 | 2.2% | -12.0% | ||
| Q4 24 | 15.3% | -6.7% | ||
| Q3 24 | 12.8% | -11.7% | ||
| Q2 24 | 10.4% | -13.0% | ||
| Q1 24 | 6.0% | -10.4% |
| Q4 25 | -12.9% | 4.9% | ||
| Q3 25 | 9.9% | 1.2% | ||
| Q2 25 | 10.6% | -9.0% | ||
| Q1 25 | 1.2% | -10.4% | ||
| Q4 24 | 13.1% | -4.4% | ||
| Q3 24 | 9.9% | -9.2% | ||
| Q2 24 | 8.4% | -9.9% | ||
| Q1 24 | 5.2% | -6.7% |
| Q4 25 | $-0.41 | $0.21 | ||
| Q3 25 | $0.98 | $0.05 | ||
| Q2 25 | $0.99 | $-0.35 | ||
| Q1 25 | $0.08 | $-0.38 | ||
| Q4 24 | $1.32 | $-0.15 | ||
| Q3 24 | $0.85 | $-0.31 | ||
| Q2 24 | $0.67 | $-0.32 | ||
| Q1 24 | $0.35 | $-0.21 |
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 | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $-5.4M |
| Total Assets | $5.1B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $299.3M | $338.8M | ||
| Q3 25 | $274.8M | $315.9M | ||
| Q2 25 | $233.7M | $284.3M | ||
| Q1 25 | $181.0M | $242.0M | ||
| Q4 24 | $279.3M | $301.8M | ||
| Q3 24 | $179.8M | $248.2M | ||
| Q2 24 | $208.1M | $267.9M | ||
| Q1 24 | $216.5M | $296.1M |
| Q4 25 | $1.7B | $-5.4M | ||
| Q3 25 | $1.8B | $-36.9M | ||
| Q2 25 | $1.8B | $-66.5M | ||
| Q1 25 | $1.7B | $-75.7M | ||
| Q4 24 | $1.7B | $-41.7M | ||
| Q3 24 | $1.7B | $-50.8M | ||
| Q2 24 | $1.7B | $-77.7M | ||
| Q1 24 | $1.7B | $-83.2M |
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $5.8B | $1.4B | ||
| Q2 25 | $4.7B | $1.3B | ||
| Q1 25 | $4.5B | $1.3B | ||
| Q4 24 | $4.4B | $1.4B | ||
| Q3 24 | $4.6B | $1.3B | ||
| Q2 24 | $4.2B | $1.2B | ||
| Q1 24 | $3.8B | $1.2B |
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 | $51.0M |
| Free Cash FlowOCF − Capex | $-680.1M | $50.7M |
| FCF MarginFCF / Revenue | -200.0% | 21.2% |
| Capex IntensityCapex / Revenue | 4.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.2B | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-664.3M | $51.0M | ||
| Q3 25 | $-948.1M | $46.2M | ||
| Q2 25 | $-238.5M | $50.3M | ||
| Q1 25 | $-281.1M | $-7.4M | ||
| Q4 24 | $129.4M | $44.0M | ||
| Q3 24 | $-202.0M | $18.9M | ||
| Q2 24 | $-237.8M | $-14.0K | ||
| Q1 24 | $38.4M | $24.8M |
| Q4 25 | $-680.1M | $50.7M | ||
| Q3 25 | $-950.4M | $46.1M | ||
| Q2 25 | $-241.0M | $49.3M | ||
| Q1 25 | $-284.7M | $-8.1M | ||
| Q4 24 | $116.4M | $43.2M | ||
| Q3 24 | $-204.0M | $18.7M | ||
| Q2 24 | $-241.7M | $-122.0K | ||
| Q1 24 | $35.2M | $24.6M |
| Q4 25 | -200.0% | 21.2% | ||
| Q3 25 | -281.5% | 20.5% | ||
| Q2 25 | -75.5% | 22.9% | ||
| Q1 25 | -120.0% | -3.9% | ||
| Q4 24 | 34.1% | 21.6% | ||
| Q3 24 | -69.8% | 10.1% | ||
| Q2 24 | -89.3% | -0.1% | ||
| Q1 24 | 15.4% | 14.0% |
| Q4 25 | 4.6% | 0.1% | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.8% | 0.5% | ||
| Q1 25 | 1.5% | 0.4% | ||
| Q4 24 | 3.8% | 0.4% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 1.4% | 0.1% | ||
| Q1 24 | 1.4% | 0.1% |
| Q4 25 | — | 4.31× | ||
| Q3 25 | -28.34× | 16.57× | ||
| Q2 25 | -7.02× | — | ||
| Q1 25 | -102.07× | — | ||
| Q4 24 | 2.89× | — | ||
| Q3 24 | -7.01× | — | ||
| Q2 24 | -10.49× | — | ||
| Q1 24 | 3.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WD
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
