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Side-by-side financial comparison of Walker & Dunlop, Inc. (WD) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $192.4M, roughly 1.8× Xometry, Inc.). Xometry, Inc. runs the higher net margin — -4.5% vs -12.9%, a 8.4% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -0.4%). Xometry, Inc. produced more free cash flow last quarter ($-5.9M vs $-680.1M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% CAGR vs 22.1%).
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
WD vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $340.0M | $192.4M |
| Net Profit | $-13.9M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | -17.2% | -4.6% |
| Net Margin | -12.9% | -4.5% |
| Revenue YoY | -0.4% | 29.5% |
| Net Profit YoY | -131.0% | 12.7% |
| EPS (diluted) | $-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 | $340.0M | $192.4M | ||
| Q3 25 | $337.7M | $180.7M | ||
| Q2 25 | $319.2M | $162.5M | ||
| Q1 25 | $237.4M | $151.0M | ||
| Q4 24 | $341.5M | $148.5M | ||
| Q3 24 | $292.3M | $141.7M | ||
| Q2 24 | $270.7M | $132.6M | ||
| Q1 24 | $228.1M | $122.7M |
| Q4 25 | $-13.9M | $-8.6M | ||
| Q3 25 | $33.5M | $-11.6M | ||
| Q2 25 | $34.0M | $-26.4M | ||
| Q1 25 | $2.8M | $-15.1M | ||
| Q4 24 | $44.8M | $-9.9M | ||
| Q3 24 | $28.8M | $-10.2M | ||
| Q2 24 | $22.7M | $-13.7M | ||
| Q1 24 | $11.9M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | -17.2% | -4.6% | ||
| Q3 25 | 13.6% | -6.1% | ||
| Q2 25 | 14.5% | -6.3% | ||
| Q1 25 | 2.2% | -10.2% | ||
| Q4 24 | 15.3% | -7.8% | ||
| Q3 24 | 12.8% | -8.1% | ||
| Q2 24 | 10.4% | -11.5% | ||
| Q1 24 | 6.0% | -14.6% |
| Q4 25 | -12.9% | -4.5% | ||
| Q3 25 | 9.9% | -6.4% | ||
| Q2 25 | 10.6% | -16.3% | ||
| Q1 25 | 1.2% | -10.0% | ||
| Q4 24 | 13.1% | -6.7% | ||
| Q3 24 | 9.9% | -7.2% | ||
| Q2 24 | 8.4% | -10.3% | ||
| Q1 24 | 5.2% | -13.5% |
| Q4 25 | $-0.41 | — | ||
| Q3 25 | $0.98 | — | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $1.32 | — | ||
| Q3 24 | $0.85 | — | ||
| Q2 24 | $0.67 | — | ||
| Q1 24 | $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 | $299.3M | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $275.6M |
| Total Assets | $5.1B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $299.3M | $219.1M | ||
| Q3 25 | $274.8M | $224.5M | ||
| Q2 25 | $233.7M | $225.8M | ||
| Q1 25 | $181.0M | $231.4M | ||
| Q4 24 | $279.3M | $239.8M | ||
| Q3 24 | $179.8M | $234.0M | ||
| Q2 24 | $208.1M | $240.9M | ||
| Q1 24 | $216.5M | $253.8M |
| Q4 25 | $1.7B | $275.6M | ||
| Q3 25 | $1.8B | $272.0M | ||
| Q2 25 | $1.8B | $270.4M | ||
| Q1 25 | $1.7B | $309.9M | ||
| Q4 24 | $1.7B | $314.5M | ||
| Q3 24 | $1.7B | $315.2M | ||
| Q2 24 | $1.7B | $315.8M | ||
| Q1 24 | $1.7B | $320.4M |
| Q4 25 | $5.1B | $703.7M | ||
| Q3 25 | $5.8B | $698.9M | ||
| Q2 25 | $4.7B | $687.0M | ||
| Q1 25 | $4.5B | $690.1M | ||
| Q4 24 | $4.4B | $680.1M | ||
| Q3 24 | $4.6B | $678.2M | ||
| Q2 24 | $4.2B | $678.6M | ||
| Q1 24 | $3.8B | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $-680.1M | $-5.9M |
| FCF MarginFCF / Revenue | -200.0% | -3.0% |
| Capex IntensityCapex / Revenue | 4.6% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.2B | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-664.3M | $4.4M | ||
| Q3 25 | $-948.1M | $5.8M | ||
| Q2 25 | $-238.5M | $-427.0K | ||
| Q1 25 | $-281.1M | $-3.7M | ||
| Q4 24 | $129.4M | $9.1M | ||
| Q3 24 | $-202.0M | $-3.6M | ||
| Q2 24 | $-237.8M | $-9.1M | ||
| Q1 24 | $38.4M | $-11.7M |
| Q4 25 | $-680.1M | $-5.9M | ||
| Q3 25 | $-950.4M | $-1.7M | ||
| Q2 25 | $-241.0M | $-7.4M | ||
| Q1 25 | $-284.7M | $-9.2M | ||
| Q4 24 | $116.4M | $4.5M | ||
| Q3 24 | $-204.0M | $-8.4M | ||
| Q2 24 | $-241.7M | $-13.5M | ||
| Q1 24 | $35.2M | $-16.1M |
| Q4 25 | -200.0% | -3.0% | ||
| Q3 25 | -281.5% | -0.9% | ||
| Q2 25 | -75.5% | -4.5% | ||
| Q1 25 | -120.0% | -6.1% | ||
| Q4 24 | 34.1% | 3.1% | ||
| Q3 24 | -69.8% | -6.0% | ||
| Q2 24 | -89.3% | -10.2% | ||
| Q1 24 | 15.4% | -13.1% |
| Q4 25 | 4.6% | 5.3% | ||
| Q3 25 | 0.7% | 4.1% | ||
| Q2 25 | 0.8% | 4.3% | ||
| Q1 25 | 1.5% | 3.6% | ||
| Q4 24 | 3.8% | 3.1% | ||
| Q3 24 | 0.7% | 3.4% | ||
| Q2 24 | 1.4% | 3.3% | ||
| Q1 24 | 1.4% | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | -28.34× | — | ||
| 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.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
