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Side-by-side financial comparison of Walker & Dunlop, Inc. (WD) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $340.0M, roughly 1.8× Walker & Dunlop, Inc.). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs -12.9%, a 26.3% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs -0.4%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M 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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
WD vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $340.0M | $625.1M |
| Net Profit | $-13.9M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | -17.2% | 18.2% |
| Net Margin | -12.9% | 13.4% |
| Revenue YoY | -0.4% | 15.7% |
| Net Profit YoY | -131.0% | 24.0% |
| EPS (diluted) | $-0.41 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $337.7M | $611.7M | ||
| Q2 25 | $319.2M | $643.7M | ||
| Q1 25 | $237.4M | $558.0M | ||
| Q4 24 | $341.5M | $540.4M | ||
| Q3 24 | $292.3M | $543.6M | ||
| Q2 24 | $270.7M | $597.3M | ||
| Q1 24 | $228.1M | $570.9M |
| Q4 25 | $-13.9M | $83.7M | ||
| Q3 25 | $33.5M | $82.2M | ||
| Q2 25 | $34.0M | $100.9M | ||
| Q1 25 | $2.8M | $74.0M | ||
| Q4 24 | $44.8M | $67.5M | ||
| Q3 24 | $28.8M | $69.1M | ||
| Q2 24 | $22.7M | $82.0M | ||
| Q1 24 | $11.9M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | -17.2% | 18.2% | ||
| Q3 25 | 13.6% | 18.2% | ||
| Q2 25 | 14.5% | 21.0% | ||
| Q1 25 | 2.2% | 15.7% | ||
| Q4 24 | 15.3% | 16.5% | ||
| Q3 24 | 12.8% | 17.1% | ||
| Q2 24 | 10.4% | 18.7% | ||
| Q1 24 | 6.0% | 16.9% |
| Q4 25 | -12.9% | 13.4% | ||
| Q3 25 | 9.9% | 13.4% | ||
| Q2 25 | 10.6% | 15.7% | ||
| Q1 25 | 1.2% | 13.3% | ||
| Q4 24 | 13.1% | 12.5% | ||
| Q3 24 | 9.9% | 12.7% | ||
| Q2 24 | 8.4% | 13.7% | ||
| Q1 24 | 5.2% | 12.7% |
| Q4 25 | $-0.41 | $2.50 | ||
| Q3 25 | $0.98 | $2.45 | ||
| Q2 25 | $0.99 | $3.01 | ||
| Q1 25 | $0.08 | $2.21 | ||
| Q4 24 | $1.32 | $2.02 | ||
| Q3 24 | $0.85 | $2.06 | ||
| Q2 24 | $0.67 | $2.44 | ||
| Q1 24 | $0.35 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $2.0B |
| Total Assets | $5.1B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $299.3M | $405.5M | ||
| Q3 25 | $274.8M | $457.7M | ||
| Q2 25 | $233.7M | $369.3M | ||
| Q1 25 | $181.0M | $336.8M | ||
| Q4 24 | $279.3M | $386.9M | ||
| Q3 24 | $179.8M | $303.9M | ||
| Q2 24 | $208.1M | $279.4M | ||
| Q1 24 | $216.5M | $237.1M |
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.7B | $1.8B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.7B | $1.6B | ||
| Q1 24 | $1.7B | $1.6B |
| Q4 25 | $5.1B | $2.9B | ||
| Q3 25 | $5.8B | $2.7B | ||
| Q2 25 | $4.7B | $2.6B | ||
| Q1 25 | $4.5B | $2.5B | ||
| Q4 24 | $4.4B | $2.4B | ||
| Q3 24 | $4.6B | $2.4B | ||
| Q2 24 | $4.2B | $2.4B | ||
| Q1 24 | $3.8B | $2.3B |
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 | $154.7M |
| Free Cash FlowOCF − Capex | $-680.1M | $140.3M |
| FCF MarginFCF / Revenue | -200.0% | 22.4% |
| Capex IntensityCapex / Revenue | 4.6% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.2B | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-664.3M | $154.7M | ||
| Q3 25 | $-948.1M | $122.4M | ||
| Q2 25 | $-238.5M | $69.7M | ||
| Q1 25 | $-281.1M | $55.2M | ||
| Q4 24 | $129.4M | $139.5M | ||
| Q3 24 | $-202.0M | $90.7M | ||
| Q2 24 | $-237.8M | $85.3M | ||
| Q1 24 | $38.4M | $45.6M |
| Q4 25 | $-680.1M | $140.3M | ||
| Q3 25 | $-950.4M | $110.9M | ||
| Q2 25 | $-241.0M | $59.5M | ||
| Q1 25 | $-284.7M | $45.6M | ||
| Q4 24 | $116.4M | $127.5M | ||
| Q3 24 | $-204.0M | $84.3M | ||
| Q2 24 | $-241.7M | $78.5M | ||
| Q1 24 | $35.2M | $35.5M |
| Q4 25 | -200.0% | 22.4% | ||
| Q3 25 | -281.5% | 18.1% | ||
| Q2 25 | -75.5% | 9.2% | ||
| Q1 25 | -120.0% | 8.2% | ||
| Q4 24 | 34.1% | 23.6% | ||
| Q3 24 | -69.8% | 15.5% | ||
| Q2 24 | -89.3% | 13.1% | ||
| Q1 24 | 15.4% | 6.2% |
| Q4 25 | 4.6% | 2.3% | ||
| Q3 25 | 0.7% | 1.9% | ||
| Q2 25 | 0.8% | 1.6% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 3.8% | 2.2% | ||
| Q3 24 | 0.7% | 1.2% | ||
| Q2 24 | 1.4% | 1.1% | ||
| Q1 24 | 1.4% | 1.8% |
| Q4 25 | — | 1.85× | ||
| Q3 25 | -28.34× | 1.49× | ||
| Q2 25 | -7.02× | 0.69× | ||
| Q1 25 | -102.07× | 0.75× | ||
| Q4 24 | 2.89× | 2.07× | ||
| Q3 24 | -7.01× | 1.31× | ||
| Q2 24 | -10.49× | 1.04× | ||
| Q1 24 | 3.24× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
