Walker & Dunlop, Inc.

WDNYSEFinancial Services● Active

$52.30

+$1.05(+2.05%)

Market Cap$1.8B

P/E Ratio—

52W High$90

52W Low$42.12

Avg Volume347K

Open$51.45

Beta1.49

Free Cash Flow Financials Revenue

Walker & Dunlop, Inc. (WD) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

WD · free cash flow · updated Jun 8, 2026

Core FCF metrics

WD · FCF · TTM · margin & CAGR

Free cash flow was −$680.1M for FY2025 (fiscal year ending 2025-12-31), down 684.3% year-over-year The FCF margin was -55.1%.

FY2025 Free Cash Flow−$680.1M▼ -684.3% YoY

Trailing 12M (TTM)−$1.54Btrailing 4 quarters sum

FCF Margin-55.1%−$680.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

WD · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$664.3M(16M)−$680.1M▼ 684.3%-55.1%

FY2024$129.4M(13M)$116.4M▲ +796.2%10.3%

FY2023−$518,000(16M)−$16.7M▼ 101.1%-1.6%

FY2022$1.58B(22M)$1.56B▲ +81.2%124.0%

FY2021$870.5M(9M)$861.2M▲ +160.9%68.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

WD · P/FCF · FCF yield · FCF per share

Walker & Dunlop, Inc. (WD) reported negative free cash flow of −$0.68B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

WD · cash flow statement · operating / investing / financing

For FY2025, Walker & Dunlop, Inc. generated −$664.3M in operating cash flow and spent 16M in capital expenditures, yielding −$680.1M in free cash flow.

Operating Activities

−$664.3M

Cash from core business operations

2025-12-31

Investing Activities

−$77.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$758.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$664.3M) − |CapEx| (16M) = FCF (−$680.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

WD vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Walker & Dunlop, Inc.YOU

−$680.1M-684.3%-55.1%

Loss

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Walker & Dunlop, Inc. (WD) reported free cash flow of −$680.1M for FY2025 (fiscal year ending 2025-12-31), down 684.3% year-over-year. The FCF margin was -55.1%.

Based on available data, Walker & Dunlop, Inc. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $1.56B in FY2022.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

WD free cash flow · 8 questions

Walker & Dunlop, Inc. free cash flow was −$680.1M for FY2025, down 684.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$1.54B.

WD free cash flowWD FCFWD FCF 2025WD free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Walker & Dunlop, Inc. · Walker & Dunlop, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026