WD
Walker & Dunlop, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Strong sell
-63/100
Last price
35.10
▲ 2.04 (6.17%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
33.10
Prev close
33.06
Day high
35.38
Day low
33.27
Volume
740.95K
Market cap
$1.20B
P/E (TTM)
29.50
52W range
32.77 – 90.00
Day trading desk
Gap from prior close
+0.12%
Prior close 33.06
VWAP
34.95
+0.42% from price
Relative volume
3.03×
Unusually busy
Session range
6.89%
33.10 – 35.38
Position in range
88%
Near session high
ATR (14D)
1.41
4.03% of price
Prior day high
34.02
PDH
Prior day low
32.77
PDL
Bid / ask spread
—
Quote not published
Session volume
1.30M
Avg 430.30K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-3.31%
-5.3%
1M
-17.62%
-18.8%
3M
-28.76%
-33.3%
6M
-21.76%
-39.9%
YTD
-41.65%
-55.9%
1Y
-58.20%
-74.6%
3Y
-52.72%
-135.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on WD open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.38M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 19, 26 | HAYWARD JEFFERY R Director |
STOCK | 3.10K | $0 | Direct |
| May 19, 26 | SCHMALTZ DANA L Director |
STOCK | 3.10K | $0 | Direct |
| May 19, 26 | FREEDMAN ERNEST MICHAEL Director |
STOCK | 3.10K | $0 | Direct |
| May 19, 26 | RICE E JOHN JR Director |
STOCK | 3.10K | $0 | Direct |
| Mar 18, 26 | SCHMALTZ DANA L Director |
BUY | 1.00K | $45.78K | Direct |
| Mar 13, 26 | WELLS DONNA C Director |
— | 1.38K | — | Direct |
| Mar 13, 26 | SCHMALTZ DANA L Director |
— | 1.10K | — | Direct |
| Mar 5, 26 | FREEDMAN ERNEST MICHAEL Director |
BUY | 5.00K | $246.04K | Direct |
| Mar 3, 26 | WELLS DONNA C Director |
BUY | 500 | $23.48K | Direct |
| Mar 2, 26 | WALKER WILLIAM M Chief Executive Officer |
BUY | 10.00K | $474.63K | Direct |
| Feb 13, 26 | PRYOR PAULA A. Officer |
STOCK | 8.08K | $0 | Direct |
| Feb 13, 26 | FLORKOWSKI GREGORY A, Chief Financial Officer |
STOCK | 12.12K | $0 | Direct |
| Feb 13, 26 | GROMAN DANIEL J J.D. General Counsel |
STOCK | 8.08K | $0 | Direct |
| Feb 13, 26 | THEOBALD STEPHEN PATRICK Chief Operating Officer |
STOCK | 16.97K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Fundamentals
Market cap$1.20B
Enterprise value$3.37B
Revenue (TTM)$1.20B
Gross profit$1.20B
EBITDA—
Net income$38.27M
EPS (TTM)$1.19
Free cash flow—
Total cash$193.56M
Total debt$2.35B
Book value / share$51.31
Shares outstanding34.33M
Float32.94M
Short % of float6.29%
Dividend yield7.75%
Beta (5Y)1.51
Valuation & profitability ratios
Trailing P/E29.50
Forward P/E6.19
PEG ratio1.09
Price / sales—
Price / book0.68
EV / revenue2.81
EV / EBITDA—
Gross margin100.00%
Operating margin0.77%
Profit margin3.28%
Return on equity2.36%
Return on assets0.86%
Debt / equity136.46
Current ratio1.57
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.23B | $1.13B | $1.05B | $1.26B | — | +9.0% |
| Operating revenue | $1.12B | $1.01B | $936.47M | $1.10B | — | +10.9% |
| Cost of revenue | $712.52M | $628.93M | $582.77M | $641.60M | — | +13.3% |
| Gross profit | $521.78M | $503.56M | $471.67M | $617.15M | — | +3.6% |
| Selling, general & admin | $107.17M | $106.97M | $97.25M | $108.99M | — | +0.2% |
| Total operating expense | $414.28M | $388.20M | $334.58M | $365.70M | — | +6.7% |
| Operating income | $107.50M | $115.36M | $137.09M | $251.45M | — | -6.8% |
| Net interest income | — | — | — | — | -$7.98M | — |
| Pre-tax income | $79.00M | $131.50M | $138.20M | $264.96M | — | -39.9% |
| Tax provision | $22.01M | $30.54M | $35.03M | $56.03M | — | -27.9% |
| Net income | $57.08M | $108.17M | $107.36M | $213.82M | — | -47.2% |
| Net income to common | $54.89M | $105.73M | $104.61M | $207.72M | — | -48.1% |
| Basic EPS | 1.65 | 3.19 | 3.20 | 6.43 | — | -48.3% |
| Diluted EPS | 1.64 | 3.19 | 3.18 | 6.36 | — | -48.6% |
| EBIT | $107.50M | $115.36M | $137.09M | $251.45M | — | -6.8% |
| EBITDA | $346.18M | $352.91M | $363.84M | $486.48M | — | -1.9% |
| Basic shares | 33.35M | 33.12M | 32.70M | 32.33M | — | +0.7% |
| Diluted shares | 33.37M | 33.16M | 32.88M | 32.69M | — | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $299.31M | $279.27M | $328.70M | $225.95M | +7.2% |
| Cash & short-term investments | $299.31M | $279.27M | $328.70M | $225.95M | +7.2% |
| Accounts receivable | $419.36M | $335.88M | $233.56M | $202.25M | +24.9% |
| Total current assets | $2.55B | $1.74B | $1.49B | $1.30B | +46.8% |
| Property, plant & equipment | $130.74M | $128.48M | $119.19M | $94.76M | +1.8% |
| Goodwill & intangibles | $1.82B | $1.88B | $1.99B | $2.13B | -3.2% |
| Total assets | $5.06B | $4.38B | $4.05B | $4.05B | +15.5% |
| Total current liabilities | $128.22M | $125.56M | $113.55M | $200.35M | +2.1% |
| Current debt | $118.56M | $95.02M | — | — | +24.8% |
| Long-term debt | $2.25B | $1.55B | $1.37B | $1.24B | +45.2% |
| Total debt | $2.47B | $1.75B | $1.47B | $1.32B | +41.1% |
| Total liabilities | $3.31B | $2.62B | $2.31B | $2.33B | +26.4% |
| Retained earnings | $1.28B | $1.32B | $1.30B | $1.28B | -2.8% |
| Shareholder equity | $1.73B | $1.75B | $1.72B | $1.69B | -0.8% |
| Working capital | $2.42B | $1.61B | $1.38B | $1.10B | +50.2% |
| Net tangible assets | -$84.73M | -$130.14M | -$267.35M | -$444.15M | +34.9% |
| Shares issued | 33.39M | 33.19M | 32.87M | 32.40M | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $56.98M | $100.96M | $103.17M | $208.93M | -43.6% |
| Depreciation & amortisation | $238.68M | $237.55M | $226.75M | $235.03M | +0.5% |
| Stock-based compensation | $26.75M | $27.33M | $27.84M | $33.99M | -2.1% |
| Change in working capital | -$17.10M | -$59.02M | -$28.27M | -$41.08M | +71.0% |
| Operating cash flow | -$664.31M | $129.36M | -$518.00K | $1.58B | -613.5% |
| Capital expenditure | -$15.77M | -$12.96M | -$16.20M | -$22.00M | -21.7% |
| Investing cash flow | -$77.34M | -$38.13M | $126.87M | -$133.78M | -102.8% |
| Share buybacks | -$10.45M | -$12.38M | -$20.51M | -$42.37M | +15.6% |
| Dividends paid | -$91.80M | -$88.63M | -$84.84M | -$80.14M | -3.6% |
| Financing cash flow | $758.13M | -$154.73M | $6.77M | -$1.58B | +590.0% |
| Free cash flow | -$680.08M | $116.40M | -$16.72M | $1.56B | -684.3% |
| End cash position | $344.38M | $327.90M | $391.40M | $258.28M | +5.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $306.69M | $301.33M | $340.02M | $337.68M | $319.24M | +1.8% |
| Operating revenue | $279.91M | $276.88M | $315.87M | $308.68M | $287.92M | +1.1% |
| Cost of revenue | $178.17M | $167.73M | $203.10M | $193.87M | $178.66M | +6.2% |
| Gross profit | $128.52M | $133.60M | $136.93M | $143.81M | $140.59M | -3.8% |
| Total operating expense | $126.45M | $107.65M | $126.98M | $97.87M | $94.21M | +17.5% |
| Operating income | $2.07M | $25.95M | $9.95M | $45.94M | $46.37M | -92.0% |
| Pre-tax income | $2.07M | $25.95M | -$18.56M | $45.94M | $46.37M | -92.0% |
| Tax provision | -$764.00K | $8.02M | -$5.45M | $12.52M | $12.43M | -109.5% |
| Net income | $2.83M | $16.95M | -$13.07M | $33.45M | $33.95M | -83.3% |
| Net income to common | $3.16M | $15.24M | -$13.58M | $32.62M | $33.16M | -79.3% |
| Basic EPS | 0.09 | 0.46 | -0.41 | 0.98 | 1.00 | -80.4% |
| Diluted EPS | 0.09 | 0.46 | -0.41 | 0.98 | 0.99 | -80.4% |
| EBIT | $2.07M | $25.95M | $9.95M | $45.94M | $46.37M | -92.0% |
| EBITDA | $62.77M | $88.91M | $72.03M | $105.98M | $105.31M | -29.4% |
| Basic shares | 33.26M | 33.39M | 33.39M | 33.38M | 33.36M | -0.4% |
| Diluted shares | 33.27M | 33.41M | 33.41M | 33.40M | 33.37M | -0.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $160.86M | $192.53M | $299.31M | $274.83M | $233.71M | -16.4% |
| Cash & short-term investments | $160.86M | $192.53M | $299.31M | $274.83M | $233.71M | -16.4% |
| Accounts receivable | $476.85M | $424.39M | $419.36M | $374.32M | $360.65M | +12.4% |
| Total current assets | $2.28B | $3.43B | $2.55B | $3.11B | $2.03B | -33.4% |
| Property, plant & equipment | — | — | $130.74M | — | — | — |
| Goodwill & intangibles | $1.80B | $1.80B | $1.82B | $1.82B | $1.84B | -0.3% |
| Total assets | $4.89B | $6.17B | $5.06B | $5.80B | $4.68B | -20.6% |
| Total current liabilities | — | — | $128.22M | — | — | — |
| Current debt | — | — | $118.56M | — | — | — |
| Long-term debt | $2.21B | $3.36B | $2.25B | $3.01B | $1.99B | -34.4% |
| Total debt | $2.21B | $3.36B | $2.47B | $3.01B | $1.99B | -34.4% |
| Total liabilities | $3.17B | $4.43B | $3.31B | $4.02B | $2.91B | -28.4% |
| Retained earnings | $1.24B | $1.27B | $1.28B | $1.32B | $1.31B | -1.6% |
| Shareholder equity | $1.71B | $1.72B | $1.73B | $1.77B | $1.75B | -0.8% |
| Working capital | — | — | $2.42B | — | — | — |
| Net tangible assets | -$88.48M | -$81.64M | -$84.73M | -$54.75M | -$85.89M | -8.4% |
| Shares issued | 33.27M | 33.25M | 33.39M | 33.38M | 33.37M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.84M | $17.93M | -$13.11M | $33.42M | $33.95M | -84.2% |
| Depreciation & amortisation | $60.70M | $62.96M | $62.08M | $60.04M | $58.94M | -3.6% |
| Operating cash flow | $1.17B | -$1.14B | $803.37M | -$948.12M | -$238.45M | +202.2% |
| Capital expenditure | -$600.00K | -$1.89M | -$7.26M | -$2.31M | -$2.57M | +68.2% |
| Investing cash flow | -$4.90M | -$40.08M | -$12.51M | -$2.91M | -$22.54M | +87.8% |
| Share buybacks | -$298.00K | -$19.10M | -$183.00K | -$1.04M | -$645.00K | +98.4% |
| Dividends paid | -$23.55M | -$23.61M | -$22.97M | -$22.97M | -$22.92M | +0.2% |
| Financing cash flow | -$1.20B | $1.07B | -$784.35M | $996.13M | $324.33M | -211.3% |
| Free cash flow | $1.17B | -$1.15B | $796.10M | -$950.43M | -$241.02M | +202.0% |
| End cash position | $203.91M | $234.43M | $344.38M | $337.87M | $292.77M | -13.0% |
Options analytics
Put / call volume
0.33
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
25.00
-28.8% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
15
Contracts, this expiry
Put volume
5
Contracts, this expiry
Heaviest call OI
25.00
0 contracts
Heaviest put OI
30.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.13 | 1.19 | +5.1% |
| Mar 2026 | 0.54 | 1.02 | +89.8% |
| Dec 2025 | 1.46 | 0.28 | -80.8% |
| Sep 2025 | 1.25 | 1.22 | -2.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.48 | 2 | $333.20M | -1.3% |
| Next quarter | 1.27 | 2 | $354.75M | +4.3% |
| Current year | 4.88 | 3 | $1.31B | +6.1% |
| Next year | 5.67 | 4 | $1.47B | +12.0% |
Analyst targets & ownership
Mean target$57.00
High target$59.00
Low target$55.00
Implied upside62.39%
Analyst count3
ConsensusNONE
Strong buy / Buy2 / 1
Hold1
Sell / Strong sell0 / 0
Held by insiders4.03%
Held by institutions87.99%
Institutions holding357
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
35.74
-1.78% from price
SMA 20
37.62
-6.70% from price
SMA 50
41.25
-14.90% from price
SMA 100
46.06
-23.79% from price
SMA 200
50.44
-30.41% from price
EMA 12
35.96
-2.39% from price
EMA 26
37.97
-7.57% from price
EMA 50
40.68
-13.71% from price
RSI (14)
36.3
Neutral
MACD (12,26,9)
-2.01
Hist -0.21
ATR (14)
1.41
4.03% of price
Realised vol 30D
35.7%
Annualised
Bollinger upper
42.27
20, 2σ
Bollinger lower
32.97
20, 2σ
50 / 200 cross
Death
41.25 vs 50.44
Trend bias
Below 200
-30.41%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.01
More volatile than market
Correlation to SPY
0.30
Loosely linked
Realised vol 30D
35.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-61.8%
Peak to trough
Max drawdown 5Y
-78.7%
Peak to trough
ATR 14
1.41
4.03% of price
Beta (reported)
1.51
5Y monthly, from filing
Short interest
Shares short
1.76M
Prior 1.49M
Change vs prior
+17.7%
Shorts adding
% of float
6.29%
Normal
% of shares out
5.12%
Against total outstanding
Days to cover
4.2
Liquid
Float
32.94M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 18, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Aug 7, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| May 8, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Apr 24, 26 | Stephens & Co. | INITIATED | — | Overweight |
| Feb 27, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Jan 8, 26 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Dec 19, 25 | Jefferies | INITIATED | — | Buy |
| Oct 10, 25 | JMP Securities | UPGRADE | Market Perform | Market Outperform |
| Oct 9, 25 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Apr 17, 25 | Keefe, Bruyette & Woods | MAINTAINED | Outperform | Outperform |
| Mar 6, 25 | Keefe, Bruyette & Woods | UPGRADE | Market Perform | Outperform |
| Feb 14, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$2.72 / yr
Forward yield7.75%
5-year avg yield2.72%
Payout ratio241.07%
Ex-dividend dateAug 20, 2026
Next pay dateSep 3, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-15
Periodic Financial Reports
10-Q · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-05-21
Offering Registrations
S-8 · 2026-05-12
Proxy Statements
DEFA14A · 2026-05-11
Periodic Financial Reports
10-Q · 2026-05-07
Annual Report to Shareholders
ARS · 2026-04-01
Corporate Changes & Voting Matters
8-K · 2026-03-10
Headlines
Freddie Mac Stock And Rate Sensitive Housing Plays Worth A Closer Look
Simply Wall St. · 1d ago
Walker & Dunlop Arranges $630.6 Million in Loans to Refinance Property Portfolio
MT Newswires · 2d ago
Walker & Dunlop Arranges $630 Million Refinance for IMT Portfolio
Business Wire · 2d ago
Multifamily Bid-Ask Gap Hinges on Rent Growth Outlook
CRE Daily · 6d ago
1 Russell 2000 Stock for Long-Term Investors and 2 We Question
StockStory · 6d ago
Walker & Dunlop Investment Partners Fully Invests $136 Million Fund VII
Business Wire · 6d ago
Unpacking Q2 Earnings: Walker & Dunlop (NYSE:WD) In The Context Of Other Thrifts & Mortgage Finance Stocks
StockStory · 6d ago
Walker & Dunlop, Rocket Companies, Coastal Financial, Franklin BSP Realty Trust, and PennyMac Financial Services Shares Plummet, What You Need To Know
StockStory · 8d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.