| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 52 | 36.2x | 17.8x | Around median | |
Growth | 45 | 8.0% | 7.1% | Around median | |
Quality | 30 | — | — | Bottom tier | |
Safety | 44 | — | — | Around median | |
Capital Return | 62 | 6.65% | 2.12% | Around median | |
Momentum | 5 | -48.7% | 2.9% | Bottom tier | |
Sentiment | 68 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Walker & Dunlop operates in commercial real estate capital markets, generating revenue from arranging and financing real estate transactions, including lending through Fannie Mae, Freddie Mac, and HUD, debt brokerage, and investment sales. It also manages a loan servicing and asset management portfolio that generates recurring fees and cash flows; the servicing portfolio reached $146 billion in fiscal Q1 2026 and generated $85 million in servicing fees. Activity in that quarter was split between the Capital Markets segment, with revenue of $162 million, and the Servicing and Asset Management segment, with revenue of $138 million.
In fiscal Q1 2026, revenue reached $301.3 million, representing reported year-over-year growth of 27%, while net income was $15.9 million and diluted earnings per share were $0.46, equivalent to a net income margin of approximately 5.3%. Adjusted EBITDA rose 14% to $74 million, while total transaction volume jumped 94% to $13.7 billion. The Capital Markets segment was the primary performance driver, with revenue rising 58% and net income reaching $28 million, while revenue from the Servicing and Asset Management segment grew 5% to $138 million despite absorbing approximately $10 million in provisions and costs related to repurchased loans.
The broader-period figures reveal a recovery that has not yet been uniform: fiscal year 2025 recorded revenue of $1.2 billion, net income of $56.2 million, and earnings per share of $1.64, while the trailing-twelve-month data ending in 2026 includes revenue of $2.0 billion, net income of $69.4 million, and earnings per share of approximately $2.08. Fiscal Q4 2025 also recorded a net loss of $13.9 million before the company returned to net profitability in fiscal Q1 2026. This divergence indicates that the strength of financing volumes and servicing fees, together with loan repurchase costs, continues to have a clear effect on the trajectory of profitability.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is “Buy,” with an average price target of $69 and identical high and low targets of $69, meaning the available consensus data is based on a range with no dispersion. This target is approximately 23% below the 52-week high of $90 and approximately 77% above the low of $39.01, reflecting a wide historical range for the stock. No reported earnings multiple is available, so the risk assessment centers on the recovery in earnings and transaction volumes versus loan repurchase exposure and the business's sensitivity to interest rates and commercial real estate.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
The primary driver was a 94% jump in total transaction volume to $13.7 billion. Debt originations rose to $11.8 billion, while debt brokerage grew 155% to $6.5 billion and agency lending increased 109% to $5.2 billion. As a result, revenue increased 27% to $301.3 million, and diluted earnings per share reached $0.46.
Total exposure declined from $222 million to $192 million during fiscal Q1 2026. The company absorbed nearly $10 million in credit reserves and operating costs related to these assets after repurchasing an additional loan for approximately $5 million. On May 7, 2026, management said it was targeting a reduction in exposure to between $100 million and $125 million by the end of fiscal year 2026, with two assets expected to be under contract in fiscal Q2 2026.
GSE financing totaled approximately $4.7 billion in fiscal Q1 2026, and Walker & Dunlop's market share increased from 11.2% to 12.3%. Freddie Mac transactions alone accounted for $3.1 billion, including a $1.7 billion refinancing for Starwood Capital Group assets. In the $69 billion at-risk Fannie Mae portfolio, only 14 of more than 3,200 loans were in default at the end of that quarter.
The company has a strong presence in multifamily real estate, but it has expanded its activity into other property categories. In fiscal Q1 2026, approximately 45% of debt brokerage volume came from non-multifamily assets. During fiscal year 2025, it also worked with more than 250 capital providers on nearly $22 billion of non-agency debt financing.
The servicing portfolio reached $146 billion in fiscal Q1 2026 and generated $85 million in servicing fees, up 4% year over year. Revenue from the Servicing and Asset Management segment rose 5% to $138 million, while its net income increased 12% despite loan repurchase costs. Management expects Capital Markets originations to add new loans to the portfolio, expanding the recurring fee base.
Walker & Dunlop ended fiscal Q1 2026 with liquidity of $193 million. During the quarter, it spent $13 million to repurchase 283 thousand shares at a weighted average of $47.13 per share, with $62 million remaining under the fiscal year 2026 repurchase authorization. On May 6, 2026, the board also approved a quarterly dividend of $0.68 per share, payable to shareholders of record on May 21, 2026.
