The Filing Desk

Rocket Companies vs Walker & Dunlop

Rocket Companies RKT · Walker & Dunlop WD · Commercial & Residential Mortgage Finance

Rocket Companies reported revenue of $6.7 billion in fiscal 2025, 5.4 times Walker & Dunlop's $1.2 billion in fiscal 2025. Rocket Companies' revenue grew 31.2% in its latest year, and Walker & Dunlop's grew 9.0%. Free cash flow was −$4.0 billion at Rocket Companies and −$680 million at Walker & Dunlop.

Side by side

Rocket CompaniesWalker & Dunlop
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$6.7B$1.2B
Revenue growth31.2%9.0%
Revenue growth a year, last 5 years−15.6%2.6%
Gross margin——
Operating margin——
Net margin−1.0%4.6%
Free cash flow−$4.0B−$680M
Free cash flow margin−60.0%−55.1%
Return on capital——
Net debt to EBITDA——
Dividends and buybacks$0M$102M
Change in diluted share count837.6%0.6%
Last close$15.06$39.05
P/E at the last close——
Insider trades, last 12 monthssold $8.1 millionbought $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
Rocket CompaniesWalker & Dunlop
Operating margin
Percent of revenue
Rocket CompaniesWalker & Dunlop
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Rocket CompaniesWalker & Dunlop

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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 Rocket Companies and Walker & Dunlop pages.