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Walker & Dunlop vs Perella Weinberg Partners: WD and PWP compared
Walker & Dunlop is the larger company: $298M of revenue in its latest quarter (Q3 2026) against $251M for Perella Weinberg Partners (Q3 2026). Perella Weinberg Partners is growing faster (+53% against -12% a year earlier). Perella Weinberg Partners is more profitable, with an operating margin of 13.9% against -15.8%.
Where the money goes: WD and PWP
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.
Perella Weinberg Partners (PWP) · Q3 2026
Perella Weinberg Partners, Q3 2026: revenue $251M (+53% year over year), operating margin 13.9%, net earnings $17.6M, operating cash flow $73.1M. The chart follows the revenue to costs, profit and cash.
| Walker & Dunlop (WD) | Perella Weinberg Partners (PWP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $298M | $251M |
| Revenue growth, Y/Y | -12% | +53% |
| Operating margin | -15.8% | 13.9% |
| Net earnings | −$36.9M | $17.6M |
| Net margin | -12.4% | 7.0% |
| Operating cash flow | $724M | $73.1M |
| Free cash flow | $719M | $71.0M |
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, Walker & Dunlop or Perella Weinberg Partners?
Walker & Dunlop is the larger company: $298M of revenue in its latest quarter (Q3 2026) against $251M for Perella Weinberg Partners (Q3 2026).
Is Walker & Dunlop or Perella Weinberg Partners growing faster?
Perella Weinberg Partners is growing faster (+53% against -12% a year earlier).
Which is more profitable, Walker & Dunlop or Perella Weinberg Partners?
Perella Weinberg Partners is more profitable, with an operating margin of 13.9% against -15.8%.
More: Walker & Dunlop earnings · how Walker & Dunlop makes money · Perella Weinberg Partners earnings · how Perella Weinberg Partners makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.