Saturday 17 October 2026
Export WHLM’s income statement to Excel — free account
Wilhelmina International, Inc.
WHLM Industrials Specialty Business Services
Wilhelmina International, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $17.6 million, up 2.31% from fiscal 2023. In the quarter to June 2025, revenue was flat, EPS fell 60.0% and free cash flow fell 80.1%, each against the same quarter a year earlier.
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Trend | 2025e | 2026e | 2027e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | 6.00 | 5.67 | 4.90 | 3.00 | 2.32 | 4.25 | 3.16 | 3.28 | 2.74 |
Analyst estimates 2025–2027 Powerpack |
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| High | — | 14.12 | 8.87 | 7.54 | 6.84 | 12.92 | 14.21 | 5.83 | 4.97 | 7.62 | |||||
| People | |||||||||||||||
| People | Employees | — | 121 | 121 | 117 | 114 | 70 | 80 | 85 | 87 | 89 | ||||
| Revenue/emp, $m | — | 0.68 | 0.60 | 0.67 | 0.66 | 0.17 | 0.20 | 0.21 | 0.20 | 0.20 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | 82 | 73 | 78 | 76 | 12 | 16 | 18 | 17 | 18 | ||||
| Gross margin, % | — | 28.64 | 28.58 | 28.58 | 28.15 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | — | 1 | (1) | 1 | (4) | (4) | 5 | 3 | 1 | 1 | |||||
| EBT margin, % | — | 1.11 | (0.71) | 1.53 | (5.81) | (34.47) | 33.17 | 14.48 | 4.01 | 5.83 | |||||
| Net income | — | 0 | 0 | 1 | (5) | (5) | 5 | 4 | 0 | 1 | |||||
| Depreciation | — | 1 | 1 | 1 | 6 | 2 | 1 | 0 | 0 | 0 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 14.60 | 13.60 | 14.61 | 14.56 | 2.27 | 3.12 | 3.45 | 3.34 | 3.41 | ||||
| Earnings | — | 0.02 | 0.03 | 0.16 | (0.92) | (0.96) | 0.88 | 0.68 | 0.08 | 0.12 | |||||
| Cash flow | — | 0.51 | (0.06) | 0.71 | 0.30 | (0.38) | 1.07 | 0.49 | 0.14 | 0.50 | |||||
| Capex | — | (0.28) | (0.12) | (0.08) | (0.08) | (0.03) | 0.00 | (0.05) | (0.03) | 0.00 | |||||
| Free cash flow | — | 0.23 | (0.18) | 0.62 | 0.22 | (0.41) | 1.07 | 0.44 | 0.10 | 0.49 | |||||
| Book value | — | 4.51 | 4.86 | 4.90 | 4.12 | 3.20 | 4.07 | 4.69 | 4.83 | 4.94 | |||||
| Shares, m | — | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | 875.00 | 240.75 | 36.44 | 0.00 | 0.00 | 6.00 | 5.45 | 47.90 | 28.77 | ||||
| P/S | — | 0.60 | 0.47 | 0.40 | 0.28 | 2.02 | 0.77 | 1.08 | 1.20 | 1.04 | |||||
| P/B | — | 1.94 | 1.31 | 1.19 | 1.00 | 1.43 | 1.29 | 0.80 | 0.83 | 0.72 | |||||
| EV/Sales | — | 0.56 | 0.44 | 0.35 | 0.22 | 1.79 | 0.49 | 0.43 | 0.48 | 0.18 | |||||
| EV/FCF | — | 35.68 | (32.75) | 8.13 | 14.61 | (9.89) | 3.11 | 3.36 | 15.25 | 1.23 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | 3 | 0 | 4 | 2 | (2) | 6 | 3 | 1 | 3 | ||||
| Capex | — | (2) | (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free cash flow | — | 1 | (1) | 3 | 1 | (2) | 6 | 2 | 1 | 3 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 4 | 3 | 4 | 3 | 3 | 6 | 8 | 9 | 10 | ||||
| Total debt | — | 3 | 2 | 3 | 2 | 3 | 0 | 0 | 0 | 0 | |||||
| Net debt | — | (3) | (2) | (4) | (5) | (3) | (10) | (12) | (13) | (15) | |||||
| Shareholders’ equity | — | 25 | 26 | 26 | 21 | 17 | 21 | 24 | 25 | 25 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | 0.21 | 0.36 | 1.98 | (11.91) | (14.59) | 13.27 | 8.89 | 1.04 | 1.46 | ||||
| ROIC | — | 2.84 | (0.78) | 3.90 | (15.70) | (17.95) | 12.37 | 12.29 | 3.70 | 4.34 | |||||
| ROE | — | 0.36 | 0.63 | 3.27 | (20.16) | (26.09) | 24.08 | 15.61 | 1.76 | 2.44 | |||||
Negative figures in brackets.
Fiscal years to Dec 2024 · latest quarter Jun 2025
Charts ten years each
Wilhelmina International, Inc. vs peers in Specialty Business Services (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 |
|---|---|---|---|---|---|---|---|---|---|
| NTIP Network-1 Technologies, Inc. | $35.4M | — (loss-making) | — (loss-making) | −72.07% (below 0%: shrinking) | n/m | −22.09% (below 0%: shrinking) | 72.00% | 0.00% | Compare |
| ANPA Rich Sparkle Holdings Limited | $29.1M | — | — | — | — | — | — | — | Compare |
| SST System1, Inc. | $23.4M | — (loss-making) | 23.1× | −61.34% (below 0%: shrinking) | n/m | −127.61% (below 0%: shrinking) | 80.38% | (27.45%) | Compare |
| PMEC Primech Holdings Ltd. | $19.6M | — (loss-making) | — | +43.05% (above 0%: growing) | −200.00% (below 0%: shrinking) | +7.30% (above 0%: growing) | 5.80% | 0.00% | Compare |
| PC Premium Catering (Holdings) Limited | $19.5M | — | — | — | — | −1,294.44% (below 0%: shrinking) | — | — | Compare |
| WHLM Wilhelmina International, Inc. | $17.2M | 4.8× | 5.2× | −0.83% (below 0%: shrinking) | −60.00% (below 0%: shrinking) | −80.08% (below 0%: shrinking) | 100.00% | 2.22% | |
| LICN Lichen International Limited | $14.5M | — | — | — | — | −574.31% (below 0%: shrinking) | — | — | Compare |
| SFHG Samfine Creation Holdings Group Limited | $8.5M | — | — | — | — | — | — | — | Compare |
| SGRP SPAR Group, Inc. | $8.2M | — (loss-making) | 9.7× | −4.46% (below 0%: shrinking) | n/m | +35.87% (above 0%: growing) | 22.78% | 3.28% | Compare |
| Median of peers | $19.6M | — | — | −32.90% | — | −74.85% | 47.39% | 0.00% |
Wilhelmina International, Inc. (WHLM) key facts
- Strength: Wilhelmina International, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $17.6 million, up 2.31% from fiscal 2023.
- Wilhelmina International, Inc. (WHLM) is a Specialty Business Services company in the Industrials sector.
- As of October 12, 2026, WHLM traded at $0.50, a market capitalization of $17.2 million.
- Return on equity was 2.44% and debt-to-equity 0.00.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is −0.47 (distress zone) for fiscal 2024.