Walker & Dunlop (LTS:0A8P) Gross Margin %: 44.34% (As of Mar. 2026) — 17% Below Median

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LTS:0A8P Walker & Dunlop Inc LTS:0A8P
61 GF Score
Price $48.74
GF Value $97.47
Valuation Possible Value Trap
! 10 Warning Signs
View Full Analysis

What is Walker & Dunlop Gross Margin %?

Walker & Dunlop LTS:0A8P -0.53% 61 Gross Margin % is 44.34% as of Mar. 2026, which is 17% below its 10-year median of 53.66. GuruFocus rates LTS:0A8P with a GF Score™ of 61/100 and a GF Value™ of $97.47 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 43 Banks companies, Walker & Dunlop ranks better than 55.81% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Walker & Dunlop's Gross Profit for the three months ended in Mar. 2026 was $134 Mil. Walker & Dunlop's Revenue for the three months ended in Mar. 2026 was $301 Mil. Therefore, Walker & Dunlop's Gross Margin % for the quarter that ended in Mar. 2026 was 44.34%.

Warning Sign:

Walker & Dunlop Inc gross margin has been in long-term decline. The average rate of decline per year is -5.4%.


The historical rank and industry rank for Walker & Dunlop's Gross Margin % or its related term are showing as below:

LTS:0A8P' s Gross Margin % Range Over the Past 10 Years
Min: 42.27   Med: 53.66   Max: 58.74
Current: 42.74


During the past 13 years, the highest Gross Margin % of Walker & Dunlop was 58.74%. The lowest was 42.27%. And the median was 53.66%.

LTS:0A8P's Gross Margin % is ranked better than
55.81% of 43 companies
in the Banks industry
Industry Median: 40.26 vs LTS:0A8P: 42.74

Walker & Dunlop had a gross margin of 44.34% for the quarter that ended in Mar. 2026 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Walker & Dunlop was -5.40% per year.


Walker & Dunlop  (LTS:0A8P) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Walker & Dunlop had a gross margin of 44.34% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Walker & Dunlop Gross Margin % Related Terms


Walker & Dunlop Gross Margin % Historical Data

* Premium members only.

The historical data trend for Walker & Dunlop's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Walker & Dunlop Gross Margin % Chart

Walker & Dunlop Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.44 49.03 44.73 44.46 42.27

Walker & Dunlop Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.32 44.04 42.59 40.27 44.34

LTS:0A8P vs UWMC, VEL, LDI: Gross Margin % Comparison

For the Mortgage Finance subindustry, Walker & Dunlop's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Walker & Dunlop Gross Margin % vs Banks Industry

For the Banks industry and Financial Services sector, Walker & Dunlop's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Walker & Dunlop's Gross Margin % falls into.


LTS:0A8P
61GF Score
Walker & Dunlop Inc LTS:0A8P
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Walker & Dunlop Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Walker & Dunlop's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=521.8 / 1234.306
=(Revenue - Cost of Goods Sold) / Revenue
=(1234.306 - 712.524) / 1234.306
=42.27 %

Walker & Dunlop's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=133.6 / 301.331
=(Revenue - Cost of Goods Sold) / Revenue
=(301.331 - 167.731) / 301.331
=44.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 44.34% mean?
Walker & Dunlop (LTS:0A8P) has a Gross Margin % of 44.34% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Walker & Dunlop and its competitors. This is 17% below median its historical median of 53.66. Over the past decade, Walker & Dunlop's Gross Margin % has ranged from 42.27 to 58.74. According to the industry distribution chart, Walker & Dunlop ranks #19 out of 43 companies in the Banks industry, placing it in the top 44.2%.
Is Walker & Dunlop's Gross Margin % too high?
Walker & Dunlop's current Gross Margin % of 44.34% is 17% below median its 10-year median of 53.66. Over the past 10 years, this metric has ranged from a low of 42.27 to a high of 58.74. The Banks industry median Gross Margin % is 40.26. Walker & Dunlop's value of 44.34% is 10.1% above this industry median. Based on the distribution chart, Walker & Dunlop ranks #19 out of 43 companies in the Banks industry, which is above the industry midpoint. Overall, Walker & Dunlop has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Walker & Dunlop's Gross Margin % compare to UWMC and VEL?
According to the Banks industry distribution chart, Walker & Dunlop ranks #19 out of 43 companies for Gross Margin %. This puts Walker & Dunlop in the upper half of its industry. The industry median Gross Margin % is 40.26. Walker & Dunlop's value of 44.34% is 10.1% above this benchmark. Historically, Walker & Dunlop's own Gross Margin % has ranged from 42.27 to 58.74 over the past decade. While the company's 10-year median is 53.66 vs. the industry median of 40.26, Walker & Dunlop has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Banks company?
The median Gross Margin % among Banks companies is 40.26, based on 43 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Walker & Dunlop's current Gross Margin % of 44.34% is 10.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Walker & Dunlop and its competitors. For the Banks industry, the median Gross Margin % is 40.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Walker & Dunlop's current Gross Margin % is 44.34%, which is 17% below median its own 10-year median of 53.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walker & Dunlop stock overvalued right now?
Based on GuruFocus' analysis, Walker & Dunlop (LTS:0A8P) is currently considered Possible Value Trap. The stock's GF Value™ is $97.47, compared to a current price of $48.74 — trading 50% below its estimated fair value. The current Gross Margin % is 44.34%, which is 17% below median its 10-year median of 53.66 and 10.1% above the Banks industry median of 40.26. Walker & Dunlop's overall GF Score™ is 61/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Walker & Dunlop (LTS:0A8P), the current Gross Margin % is 44.34% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Walker & Dunlop (LTS:0A8P) Overvalued in 2026?

Based on GuruFocus' analysis, Walker & Dunlop stock appears to be undervalued. The current stock price of $48.74 is trading 50% below its estimated GF Value™ of $97.47. GuruFocus considers Walker & Dunlop to be Possible Value Trap.

Key valuation signals for LTS:0A8P:

  • Gross Margin %: 44.34% (17% below median its 10-year median of 53.66)
  • GF Value™: $97.47 vs. price of $48.74 (50% below fair value)
  • GF Score™: 61/100 with 10 warning signs
  • Industry Position: 10.1% above the Banks median (#19 of 43)

No single metric tells the full story. See the LTS:0A8P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Walker & Dunlop Business Description

Other Exchanges WD:USA5WD:Germany
Address 7272 Wisconsin Avenue, Suite 1300, Bethesda, MD, USA, 20814
Walker & Dunlop Inc is a United States-based commercial real estate finance company. It is principally engaged in originating, selling, and servicing a number of multifamily and other commercial real estate financing products that are sold under the programs of Freddie Mac, Fannie Mae, Ginnie Mae, and the Federal Housing Administration. The company is managed based on three reportable segments: Capital Markets (CM), Servicing & Asset Management (SAM), and Corporate. The company generates a majority of its total revenue from gains from mortgage banking activities and servicing fees. It conducts business solely in the United States.
61GF Score

Get the complete analysis for LTS:0A8P

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$48.74
Price
$97.47
GF Value