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Walker & Dunlop, Inc.（WD）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是Walker & Dunlop, Inc.的1.7倍（$566.0M vs $340.0M），Walker & Dunlop, Inc.净利率更高（-12.9% vs -33.1%，领先20.2%），Walker & Dunlop, Inc.同比增速更快（-0.4% vs -6.1%），WillScot Holdings Corp自由现金流更多（$149.7M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% vs -1.8%）
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
WD vs WSC — 直观对比
营收规模更大
WSC
是对方的1.7倍
$340.0M
营收增速更快
WD
高出5.6%
-6.1%
净利率更高
WD
高出20.2%
-33.1%
自由现金流更多
WSC
多$829.8M
$-680.1M
两年增速更快
WD
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $340.0M | $566.0M |
| 净利润 | $-13.9M | $-187.3M |
| 毛利率 | — | 50.4% |
| 营业利润率 | -17.2% | -32.5% |
| 净利率 | -12.9% | -33.1% |
| 营收同比 | -0.4% | -6.1% |
| 净利润同比 | -131.0% | -310.0% |
| 每股收益（稀释后） | $-0.41 | $-1.02 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收WDWSC
| Q4 25 | $340.0M | $566.0M | ||
| Q3 25 | $337.7M | $566.8M | ||
| Q2 25 | $319.2M | $589.1M | ||
| Q1 25 | $237.4M | $559.6M | ||
| Q4 24 | $341.5M | $602.5M | ||
| Q3 24 | $292.3M | $601.4M | ||
| Q2 24 | $270.7M | $604.6M | ||
| Q1 24 | $228.1M | $587.2M |
净利润WDWSC
| Q4 25 | $-13.9M | $-187.3M | ||
| Q3 25 | $33.5M | $43.3M | ||
| Q2 25 | $34.0M | $47.9M | ||
| Q1 25 | $2.8M | $43.1M | ||
| Q4 24 | $44.8M | $89.2M | ||
| Q3 24 | $28.8M | $-70.5M | ||
| Q2 24 | $22.7M | $-46.9M | ||
| Q1 24 | $11.9M | $56.2M |
毛利率WDWSC
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
营业利润率WDWSC
| Q4 25 | -17.2% | -32.5% | ||
| Q3 25 | 13.6% | 21.0% | ||
| Q2 25 | 14.5% | 21.5% | ||
| Q1 25 | 2.2% | 21.3% | ||
| Q4 24 | 15.3% | 28.9% | ||
| Q3 24 | 12.8% | -5.9% | ||
| Q2 24 | 10.4% | -0.9% | ||
| Q1 24 | 6.0% | 22.1% |
净利率WDWSC
| Q4 25 | -12.9% | -33.1% | ||
| Q3 25 | 9.9% | 7.6% | ||
| Q2 25 | 10.6% | 8.1% | ||
| Q1 25 | 1.2% | 7.7% | ||
| Q4 24 | 13.1% | 14.8% | ||
| Q3 24 | 9.9% | -11.7% | ||
| Q2 24 | 8.4% | -7.7% | ||
| Q1 24 | 5.2% | 9.6% |
每股收益（稀释后）WDWSC
| Q4 25 | $-0.41 | $-1.02 | ||
| Q3 25 | $0.98 | $0.24 | ||
| Q2 25 | $0.99 | $0.26 | ||
| Q1 25 | $0.08 | $0.23 | ||
| Q4 24 | $1.32 | $0.48 | ||
| Q3 24 | $0.85 | $-0.37 | ||
| Q2 24 | $0.67 | $-0.25 | ||
| Q1 24 | $0.35 | $0.29 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $299.3M | $14.6M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $1.7B | $856.3M |
| 总资产 | $5.1B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资WDWSC
| Q4 25 | $299.3M | $14.6M | ||
| Q3 25 | $274.8M | $14.8M | ||
| Q2 25 | $233.7M | $12.8M | ||
| Q1 25 | $181.0M | $10.7M | ||
| Q4 24 | $279.3M | $9.0M | ||
| Q3 24 | $179.8M | $11.0M | ||
| Q2 24 | $208.1M | $5.9M | ||
| Q1 24 | $216.5M | $13.1M |
总债务WDWSC
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
股东权益WDWSC
| Q4 25 | $1.7B | $856.3M | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.8B | $1.0B | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.7B | $1.3B |
总资产WDWSC
| Q4 25 | $5.1B | $5.8B | ||
| Q3 25 | $5.8B | $6.1B | ||
| Q2 25 | $4.7B | $6.1B | ||
| Q1 25 | $4.5B | $6.0B | ||
| Q4 24 | $4.4B | $6.0B | ||
| Q3 24 | $4.6B | $6.0B | ||
| Q2 24 | $4.2B | $6.0B | ||
| Q1 24 | $3.8B | $6.2B |
负债/权益比WDWSC
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-664.3M | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $-680.1M | $149.7M |
| 自由现金流率自由现金流/营收 | -200.0% | 26.5% |
| 资本支出强度资本支出/营收 | 4.6% | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-2.2B | $737.7M |
8季度趋势，按日历期对齐
经营现金流WDWSC
| Q4 25 | $-664.3M | $158.9M | ||
| Q3 25 | $-948.1M | $191.2M | ||
| Q2 25 | $-238.5M | $205.3M | ||
| Q1 25 | $-281.1M | $206.6M | ||
| Q4 24 | $129.4M | $178.9M | ||
| Q3 24 | $-202.0M | $-1.6M | ||
| Q2 24 | $-237.8M | $175.6M | ||
| Q1 24 | $38.4M | $208.7M |
自由现金流WDWSC
| Q4 25 | $-680.1M | $149.7M | ||
| Q3 25 | $-950.4M | $186.9M | ||
| Q2 25 | $-241.0M | $199.0M | ||
| Q1 25 | $-284.7M | $202.0M | ||
| Q4 24 | $116.4M | $176.6M | ||
| Q3 24 | $-204.0M | $-4.9M | ||
| Q2 24 | $-241.7M | $169.4M | ||
| Q1 24 | $35.2M | $202.1M |
自由现金流率WDWSC
| Q4 25 | -200.0% | 26.5% | ||
| Q3 25 | -281.5% | 33.0% | ||
| Q2 25 | -75.5% | 33.8% | ||
| Q1 25 | -120.0% | 36.1% | ||
| Q4 24 | 34.1% | 29.3% | ||
| Q3 24 | -69.8% | -0.8% | ||
| Q2 24 | -89.3% | 28.0% | ||
| Q1 24 | 15.4% | 34.4% |
资本支出强度WDWSC
| Q4 25 | 4.6% | 1.6% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 1.5% | 0.8% | ||
| Q4 24 | 3.8% | 0.4% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | 1.4% | 1.0% | ||
| Q1 24 | 1.4% | 1.1% |
现金转化率WDWSC
| Q4 25 | — | — | ||
| Q3 25 | -28.34× | 4.41× | ||
| Q2 25 | -7.02× | 4.28× | ||
| Q1 25 | -102.07× | 4.80× | ||
| Q4 24 | 2.89× | 2.01× | ||
| Q3 24 | -7.01× | — | ||
| Q2 24 | -10.49× | — | ||
| Q1 24 | 3.24× | 3.71× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
WD
暂无分部数据
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
