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loanDepot vs Walker & Dunlop: LDI and WD compared
loanDepot is the larger company: $337M of revenue in its latest quarter (Q2 2026) against $298M for Walker & Dunlop (Q3 2026). loanDepot is growing faster (+19% against -12% a year earlier). loanDepot is more profitable, with an operating margin of -2.0% against -15.8%.
Where the money goes: LDI and WD
loanDepot (LDI) · Q2 2026
loanDepot, Q2 2026: revenue $337M (+19% year over year), operating margin -2.0%, net loss $6.6M, operating cash flow $520M. The chart follows the revenue to costs, profit and cash.
Walker & Dunlop (WD) · Q3 2026
Walker & Dunlop, Q3 2026: revenue $298M (-12% year over year), operating margin -15.8%, net loss $36.9M, operating cash flow $724M. The chart follows the revenue to costs, profit and cash.
| loanDepot (LDI) | Walker & Dunlop (WD) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $337M | $298M |
| Revenue growth, Y/Y | +19% | -12% |
| Operating margin | -2.0% | -15.8% |
| Net earnings | −$6.6M | −$36.9M |
| Net margin | -2.0% | -12.4% |
| Operating cash flow | $520M | $724M |
| Free cash flow | $510M | $719M |
| Market value | $134M | — |
| Analysts’ mean target | $1.12 | — |
Where the revenue comes from
Walker & Dunlop
- Servicing fees: $87.7M (29%)
- Loan origination and debt brokerage fees, net: $81.3M (27%)
- Placement fees and other interest income: $37.1M (12%)
- Other revenues: $33.9M (11%)
Questions
Which is bigger, loanDepot or Walker & Dunlop?
loanDepot is the larger company: $337M of revenue in its latest quarter (Q2 2026) against $298M for Walker & Dunlop (Q3 2026).
Is loanDepot or Walker & Dunlop growing faster?
loanDepot is growing faster (+19% against -12% a year earlier).
Which is more profitable, loanDepot or Walker & Dunlop?
loanDepot is more profitable, with an operating margin of -2.0% against -15.8%.
More: loanDepot earnings · how loanDepot makes money · Walker & Dunlop earnings · how Walker & Dunlop makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.