NMI vs Walker & Dunlop
Walker & Dunlop reported revenue of $1.2 billion in fiscal 2025, 1.7 times NMI's $706 million in fiscal 2025. NMI's revenue grew 8.5% in its latest year, and Walker & Dunlop's grew 9.0%. Free cash flow was $413 million at NMI and −$680 million at Walker & Dunlop.
Side by side
| NMI | Walker & Dunlop | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $706M | $1.2B |
| Revenue growth | 8.5% | 9.0% |
| Revenue growth a year, last 5 years | 10.3% | 2.6% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 55.0% | 4.6% |
| Free cash flow | $413M | −$680M |
| Free cash flow margin | 58.4% | −55.1% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $105M | $102M |
| Change in diluted share count | −2.8% | 0.6% |
| Last close | $39.03 | $39.05 |
| P/E at the last close | 7.7× | — |
| Insider trades, last 12 months | sold $17.0 million | bought $789,910, sold $0 |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
NMIWalker & Dunlop
Operating margin
Percent of revenue
NMIWalker & Dunlop
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
NMIWalker & Dunlop
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the NMI and Walker & Dunlop pages.