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Westwood Holdings Group Inc

WHG Financial Asset Management

Westwood Holdings Group Inc’s revenue for fiscal 2025 (year ended December 2025) was $97.8 million, up 3.21% from fiscal 2024.

Revenue
+9.40%
EPS
−18.2%
Free cash flow
−29.8%

Quarter to September 2026, against a year earlier

18.60 0.10 +0.54%
Market cap
$175.5M
P/E
22.0×
Fwd P/E
0.0×
Dividend yield
3.21%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.61
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 4 — 6 — 8 6 8 — — — — —
Insider Ownership 16.37%

Capital & Financial Ratios $m

Size
Market Cap 175.46
Revenue ttm 103.98
Net income ttm 7.27
Free cash flow ttm 16.94
Net debt Q (42.22)
Valuation
P/E 21.98
Forward P/E 0.00
Price / sales 1.56
Forward P/S Powerpack
Price / FCF 11.90
Price / book 1.24
Financial health
Current ratio Q 3.76
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +9.40% (above 0%: growing)
Operating income growth Q −31.16% (below 0%: shrinking)
EPS, this year —
EPS, next year A —
Revenue, next year A −100.00% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 63.64%
10-year low 10-year high
P/S against its own 10 years 39.53%
10-year low 10-year high
P/B against its own 10 years 54.53%
10-year low 10-year high

Dividends

Yield
3.21%
Annual rate
0.60
Payout ratio
74.1%
Growth, 2018–26
−20.3%/yr
  1. 2.76 ’18
  2. 2.88 ’19 +4
  3. 0.43 ’20 −85
  4. 0.45 ’21 +5
  5. 0.60 ’22 +33
  6. 0.60 ’23 +0
  7. 0.60 ’24 +0
  8. 0.60 ’25 +0
  9. 0.45 ’26 −25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 53 47 48 42
Receivables 15 15 17 16
Inventory — — — —
Other — — — —
69 61 64 58
2023 2024 2025 Q'26
Payables 12 13 16 11
ST’ Debt — — — —
Other 10 5 — —
33 23 36 16

Compound Annual Growth %

10y 5y 3y
Sales (2.88%) 8.47% 12.49%
Cash Flow (10.15%) 0.00% (28.37%)
Earnings (12.59%) 0.00% 0.00%
Book Value (0.55%) (0.62%) 4.63%

EPS $

Mar Jun Sep Dec Year
’26 0.09 0.17 0.34 — —
’25 0.05 0.12 0.41 0.21 0.79
’24 0.27 (0.27) 0.01 0.24 0.26
’23 0.09 0.36 0.41 0.32 1.17
’22 0.01 (0.05) (0.15) (0.40) (0.59)
’21 0.52 0.12 0.24 0.36 1.23
’20 0.13 (0.33) (1.31) 0.36 (1.12)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 25 25 27 — —
’25 23 23 24 27 98
’24 23 23 24 26 95
’23 23 22 22 23 90
’22 17 16 15 20 69
’21 18 17 18 19 73
’20 17 16 15 17 65
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 6 6 — —
’25 (5) 7 9 8 19
’24 8 4 1 9 21
’23 (3) (1) (2) 4 (1)
’22 9 3 3 36 51
’21 (7) 6 22 (2) 19
’20 12 10 (29) (3) (10)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 3 6 — —
’25 (5) 7 8 8 18
’24 8 4 1 8 20
’23 (3) (1) (2) 4 (1)
’22 9 3 3 36 51
’21 (7) 6 22 (2) 20
’20 12 10 (29) (3) (10)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 123 134 122 84 65 73 69 90 95 98 104 (2.5%) — — — —
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 34 34 36 9 (8) 14 (5) 13 4 10 11 (13.0%)
EBT margin, % 27.65 25.33 29.81 11.18 (11.65) 19.17 (7.56) 14.97 4.24 9.90 10.19 (17.8) pt
Net income 23 20 27 6 (9) 10 (5) 11 2 7 7 (12.1%)
Per share, $
Per share, $ Revenue 15.45 16.42 14.62 10.00 8.15 9.28 8.76 11.27 11.60 11.67 12.01 (3.1%)
Earnings 2.84 2.45 3.20 0.70 (1.12) 1.24 (0.59) 1.20 0.27 0.84 0.85 (12.7%)
Cash flow 5.95 5.89 3.76 3.83 (1.22) 2.46 6.56 (0.15) 2.59 2.26 1.96 (10.2%)
Capex (0.23) (0.14) (0.12) (0.14) 0.00 0.04 (0.04) (0.02) (0.14) (0.06) 0.00 (13.2%)
Free cash flow 5.72 5.75 3.65 3.69 (1.22) 2.50 6.52 (0.17) 2.45 2.20 1.96 (10.1%)
Book value 18.35 19.19 19.26 17.64 16.36 14.97 14.11 15.37 14.99 15.13 15.04 (2.1%)
Shares, m 8 8 8 8 8 8 8 8 8 8 9 +0.6%
Valuation, ×
Valuation, × P/E 21.40 26.79 10.63 42.31 0.00 13.66 0.00 10.68 53.74 20.49 21.98 20.0
P/S 3.95 4.00 2.33 2.96 1.78 1.83 1.34 1.13 1.25 1.47 1.56 2.2
P/B 3.33 3.42 1.76 1.68 0.89 1.13 0.83 0.83 0.97 1.14 1.24 1.6
EV/Sales 3.22 3.21 1.36 1.77 0.51 0.73 0.77 0.53 0.76 0.99 — 1.4
EV/FCF 8.68 9.16 5.45 4.72 (3.40) 2.70 1.03 (35.95) 3.42 5.25 — 0.1
Cash, $m
Cash, $m Operating cash flow 47 48 31 32 (10) 19 51 (1) 21 19 17 (9.7%)
Capex (2) (1) (1) (1) 0 0 0 0 (1) (1) (3) (12.7%)
Free cash flow 46 47 30 31 (10) 20 51 (1) 20 18 17 (9.6%)
Balance, $m
Balance, $m Working capital 86 107 113 96 85 78 41 36 38 29 43 (11.5%)
Net debt (90) (106) (118) (100) (83) (80) (39) (53) (47) (48) (42) (6.8%)
Shareholders’ equity 146 156 161 148 131 118 111 122 122 127 130 (1.6%)
Returns, %
Returns, % ROA 12.55 10.74 13.65 3.13 (5.46) 6.76 (3.24) 6.31 1.45 4.52 4.60 (8.0) pt
ROIC 38.02 41.68 52.33 6.02 (4.47) 9.89 (4.26) 5.43 0.68 3.93 1.98 (34.1) pt
ROE 16.17 13.22 16.85 3.82 (6.41) 7.85 (4.05) 8.17 1.81 5.67 5.68 (10.5) pt
People
People Employees 174 181 182 165 136 130 152 145 151 148 — (1.8%)
Revenue/emp, $m 0.71 0.74 0.67 0.51 0.48 0.56 0.45 0.62 0.63 0.66 — (0.8%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Westwood Holdings Group Inc vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PNNT PennantPark Investment Corporation $212.9M 20.9× 9.6× −16.21% (below 0%: shrinking) −41.67% (below 0%: shrinking) −2.70% (below 0%: shrinking) 78.27% 72.21% Compare
LIEN Chicago Atlantic BDC, Inc. $207.4M 6.5× 6.5× +6.81% (above 0%: growing) −28.95% (below 0%: shrinking) +1,591.22% (above 0%: growing) 100.00% 61.95% Compare
SCM Stellus Capital Investment Corporation $205.6M 7.1× 6.1× −13.21% (below 0%: shrinking) +55.56% (above 0%: growing) +41.00% (above 0%: growing) 100.00% 72.26% Compare
SAR Saratoga Investment Corp $200.7M — (loss-making) 108× +1.77% (above 0%: growing) n/m −43.85% (below 0%: shrinking) 100.00% 68.55% Compare
TPVG TriplePoint Venture Growth BDC Corp. $181.6M 4.7× 5.2× −10.96% (below 0%: shrinking) −25.00% (below 0%: shrinking) +184.88% (above 0%: growing) 100.00% 0.00% Compare
WHF WhiteHorse Finance, Inc. $177.0M 10.4× 8.3× −23.72% (below 0%: shrinking) +380.00% (above 0%: growing) −159.82% (below 0%: shrinking) 100.00% 66.34% Compare
WHG Westwood Holdings Group Inc $175.5M 22.0× — (loss-making) +9.40% (above 0%: growing) −18.18% (below 0%: shrinking) −29.81% (below 0%: shrinking) 100.00% 5.20%
NSLR Neostellar Capital Corp. $148.3M 1.5× 1.3× +79.14% (above 0%: growing) n/m +8,274.08% (above 0%: growing) 100.00% 0.00% Compare
AMBR Amber International Holding Limited - Sponsored ADR $143.5M 291× — (loss-making) −26.53% (below 0%: shrinking) +57.00% (above 0%: growing) +274.25% (above 0%: growing) 79.48% 7.43% Compare
Median of peers $191.1M 7.1× 6.5× −12.08% +15.28% +112.94% 100.00% 64.15%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 13 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.63m 2.93m 176.78
2024 2.10m 2.33m 143.55
2023 2.07m 2.14m 118.84

Ownership

Directors and executive officers, together 17.40%
J. Hale Hoak 8.70%
Hoak Public Equities, L.P.,, 7.90%
Allspring Global Investments Holdings LLC, 6.40%
Brian O. Casey 5.60%
BlackRock Fund Advisors, 5.40%
Settian Capital LP, 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Westwood Holdings Group Inc (WHG) Latest News

6 Nov

Impact 3 · · GuruFocus.com

5 Nov

Impact 3 · · GlobeNewswire

26 Oct

Impact 4 · · 24/7 Wall St.

22 Oct

Impact 3 · · GlobeNewswire

13 Oct

Impact 4 · · 24/7 Wall St.

12 Oct

Impact 3 · · GlobeNewswire

24 Sep

Impact 3 · · Bloomberg

17 Sep

Impact 4 ·

20 Aug

Impact 4 ·

13 Aug

Impact 3 ·

12 Aug

Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 4 · · Moby
Impact 3 ·

6 Aug

Impact 3 ·
Impact 3 · transcript

9 May

Impact 3 · · Simply Wall St.

2 May

Impact 3 · · MarketBeat

1 May

Impact 4 · · GuruFocus.com

30 Apr

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · GlobeNewswire

27 Apr

Impact 4 · · GlobeNewswire

1 Apr

Impact 4 · · wfaa.com

31 Mar

Impact 3 · · dallasnews.com

19 Feb

Impact 4 · · GlobeNewswire

14 Feb

Impact 4 · · GuruFocus.com transcript
Impact 3 · · Moby

13 Feb

Impact 3 · · MarketBeat transcript
Impact 3 · · Associated Press Finance
stockrow.com/WHG · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com