Saturday 17 October 2026 Export WHG’s income statement to Excel — free account

Westwood Holdings Group Inc

Westwood Holdings Group Inc’s revenue for fiscal 2025 (year ended December 2025) was $97.8 million, up 3.21% from fiscal 2024. In the quarter to June 2026, revenue grew 9.62%, EPS grew 50.0% and free cash flow fell 58.5%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for three.

18.63 0.50 −2.61%

Follow WHG

Alert me

Market cap: $181.4M
P/E: 20.0×
Fwd P/E: 0.0×
Dividend yield: 3.22%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 2.62

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	4	—	6	—	8	6	8	—	—	—	—

Insider Ownership 16.25%

Capital & Financial Ratios $m

Market Cap 181.44

Revenue 101.70

Net Income 7.88

Free Cash Flow 16.64

Net Debt (42.22)

Current Ratio 3.76

Debt/Equity 0.00

P/E ratio 20.02

Fwd P/E 0.00

P/S ratio 1.58

P/B ratio 1.26

Past 5Y EPS Growth —

This Y EPS Growth —

Next Y EPS Growth —

Next Y revenue growth (100.00%)

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 46.00%

10-year low 10-year high

P/S against its own 10 years 41.36%

10-year low 10-year high

P/B against its own 10 years 55.95%

10-year low 10-year high

Dividends

Payout Ratio 0.68

Annual Dividend Rate 0.60

Annual Dividend Yield 3.22%

	total	individual payouts
2026	0.45	0.15 0.15 0.15
2025	0.60	0.15 0.15 0.15 0.15
2024	0.60	0.15 0.15 0.15 0.15
2023	0.60	0.15 0.15 0.15 0.15
2022	0.60	0.15 0.15 0.15 0.15
2021	0.45	0.10 0.10 2.50 0.10 0.15
2020	0.43	0.43
2019	2.88	0.72 0.72 0.72 0.72
2018	2.76	0.68 0.68 0.68 0.72
2017	2.54	0.62 0.62 0.62 0.68
2016	2.33	0.57 0.57 0.57 0.62

special payouts not included in total or ratios

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	25	25	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.09	0.17	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	41.40	51.41	32.19	26.55	9.42	11.36	9.55	8.91	11.00	14.00	Analyst estimates 2026–2028 Powerpack
	High	63.99	71.00	70.71	39.84	30.04	27.01	20.00	14.20	18.03	18.99
People
People	Employees	174	181	182	165	136	130	152	145	151	148
	Revenue/emp, $m	0.71	0.74	0.67	0.51	0.48	0.56	0.45	0.62	0.63	0.66
Income, $m
Income, $m	Revenue	123	134	122	84	65	73	69	90	95	98
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	34	34	36	9	(8)	14	(5)	13	4	10
	EBT margin, %	27.65	25.33	29.81	11.18	(11.65)	19.17	(7.56)	14.97	4.24	9.90
	Net income	23	20	27	6	(9)	10	(5)	11	2	7
	Depreciation	3	3	3	3	3	2	3	5	5	4
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
	Earnings	2.84	2.45	3.20	0.70	(1.12)	1.24	(0.59)	1.20	0.27	0.84
	Cash flow	5.95	5.89	3.76	3.83	(1.22)	2.46	6.56	(0.15)	2.59	2.26
	Capex	(0.23)	(0.14)	(0.12)	(0.14)	0.00	0.04	(0.04)	(0.02)	(0.14)	(0.06)
	Free cash flow	5.72	5.75	3.65	3.69	(1.22)	2.50	6.52	(0.17)	2.45	2.20
	Book value	18.35	19.19	19.26	17.64	16.36	14.97	14.11	15.37	14.99	15.13
	Shares, m	8	8	8	8	8	8	8	8	8	8
Valuation, ×
Valuation, ×	P/E	21.40	26.79	10.63	42.31	0.00	13.66	0.00	10.68	53.74	20.49
	P/S	3.95	4.00	2.33	2.96	1.78	1.83	1.34	1.13	1.25	1.47
	P/B	3.33	3.42	1.76	1.68	0.89	1.13	0.83	0.83	0.97	1.14
	EV/Sales	3.22	3.21	1.36	1.77	0.51	0.73	0.77	0.53	0.76	0.99
	EV/FCF	8.68	9.16	5.45	4.72	(3.40)	2.70	1.03	(35.95)	3.42	5.25
Cash, $m
Cash, $m	Operating cash flow	47	48	31	32	(10)	19	51	(1)	21	19
	Capex	(2)	(1)	(1)	(1)	0	0	0	0	(1)	(1)
	Free cash flow	46	47	30	31	(10)	20	51	(1)	20	18
Balance, $m
Balance, $m	Working capital	86	107	113	96	85	78	41	36	38	29
	Total debt	—	—	11	9	8	6	6	—	—	—
	Net debt	(90)	(106)	(118)	(100)	(83)	(80)	(39)	(53)	(47)	(48)
	Shareholders’ equity	146	156	161	148	131	118	111	122	122	127
Returns, %
Returns, %	ROA	12.55	10.74	13.65	3.13	(5.46)	6.76	(3.24)	6.31	1.45	4.52
	ROIC	38.02	41.68	52.33	6.02	(4.47)	9.89	(4.26)	5.43	0.68	3.93
	ROE	16.17	13.22	16.85	3.82	(6.41)	7.85	(4.05)	8.17	1.81	5.67

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LIEN Chicago Atlantic BDC, Inc.	$208.8M	6.6×	6.2×	+6.81% (above 0%: growing)	−28.95% (below 0%: shrinking)	+1,591.22% (above 0%: growing)	100.00%	61.95%	Compare
PNNT PennantPark Investment Corporation	$206.3M	19.6×	10.4×	−16.21% (below 0%: shrinking)	−41.67% (below 0%: shrinking)	−2.70% (below 0%: shrinking)	78.27%	72.21%	Compare
SCM Stellus Capital Investment Corporation	$205.6M	6.9×	9.7×	−13.21% (below 0%: shrinking)	+55.56% (above 0%: growing)	+41.00% (above 0%: growing)	100.00%	72.26%	Compare
TPVG TriplePoint Venture Growth BDC Corp.	$183.2M	4.5×	6.2×	−4.86% (below 0%: shrinking)	−21.21% (below 0%: shrinking)	+232.34% (above 0%: growing)	100.00%	75.98%	Compare
WHG Westwood Holdings Group Inc	$181.4M	20.0×	— (loss-making)	+9.62% (above 0%: growing)	+50.00% (above 0%: growing)	−58.51% (below 0%: shrinking)	100.00%	8.14%
NSLR Neostellar Capital Corp.	$181.1M	1.3×	2.9×	+79.14% (above 0%: growing)	n/m	−171.41% (below 0%: shrinking)	100.00%	(7,413.51%)	Compare
WHF WhiteHorse Finance, Inc.	$164.5M	9.6×	8.9×	−23.72% (below 0%: shrinking)	+380.00% (above 0%: growing)	−159.82% (below 0%: shrinking)	100.00%	66.34%	Compare
SPMC Sound Point Meridian Capital, Inc.	$147.8M	— (loss-making)	—	—	+76.60% (above 0%: growing)	—	—	—	Compare
HSDT Solana Company	$142.7M	— (loss-making)	— (loss-making)	+5,774.42% (above 0%: growing)	n/m	−331.34% (below 0%: shrinking)	96.95%	(1,293.47%)	Compare
Median of peers	$182.1M	6.7×	7.6×	−4.86%	+17.17%	−2.70%	100.00%	66.34%

All 120 Asset Management stocks →

Westwood Holdings Group Inc (WHG) key facts

Strength: Westwood Holdings Group Inc’s revenue for fiscal 2025 (year ended December 2025) was $97.8 million, up 3.21% from fiscal 2024.
Westwood Holdings Group Inc (WHG) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, WHG traded at $18.63, a market capitalization of $181.4 million.
Westwood Holdings Group Inc pays an annual dividend of $0.60 per share, a yield of 3.22%, with a payout ratio of 68.2%.
Return on equity was 5.67% and debt-to-equity 0.00.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.