Walker & Dunlop (WD) FY2024 results: revenue $1.1 billion, up 7.4% on the year
Walker & Dunlop, Inc. (WD) reported revenue of $1.1 billion for fiscal 2024, the year ended 31 December 2024, up 7.4% on the year before. Net income was $108 million, up 0.8%, and diluted earnings per share $3.19. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$1.1 billion
+7.4% on the year
FY2017FY2024
Operating margin
11.6%
13.1% a year earlier
FY2017FY2024
Net income
$108 million
+0.8% on the year
FY2017FY2024
Diluted EPS
$3.19
+0.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
129
-0.5
1,583
Capital expenditure
13.0
16.2
22.0
-20.0%
Free cash flow
116
-16.7
1,561
Free cash flow margin
10.3%
-1.6%
124.0%
Cash from investing
-38.1
127
-134
Cash from financing
-155
6.8
-1,584
Depreciation and amortisation
238
227
235
+4.8%
Share-based compensation
27.3
27.8
34.0
-1.9%
Buybacks
12.4
20.5
42.4
-39.6%
Dividends paid
88.6
84.8
80.1
+4.5%
Dividend per share
$2.60
$2.52
$2.40
+3.2%
Diluted shares, weighted
33m
33m
33m
+0.9%
Shares outstanding at period end
33m
33m
32m
+1.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,748
1,724
1,689
+1.4%
Non-controlling interest
12.0
22.4
27.4
-46.4%
Debt
768
773
704
-0.7%
Other liabilities
1,854
1,533
1,624
+21.0%
Total liabilities and equity
4,382
4,052
4,045
+8.1%
Fixed assets
48.5
42.7
33.9
+13.4%
Goodwill
869
902
960
-3.7%
Intangible assets
157
182
199
-13.8%
Loans
32.9
40.1
200
-17.9%
Cash and equivalents
279
329
226
-15.0%
Other assets
2,996
2,557
2,427
+17.2%
Total assets
4,382
4,052
4,045
+8.1%
10-K for the year ended 31 December 2024, filed 25 February 2025: the filing.