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Westwood Holdings Group (WHG) Financials

Westwood Holdings Group logo
$19.45 +0.14 (+0.70%)
Closing price 07/10/2026 03:59 PM Eastern
Extended Trading
$19.40 -0.05 (-0.24%)
As of 07/10/2026 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Westwood Holdings Group

Annual Income Statements for Westwood Holdings Group

This table shows Westwood Holdings Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 27 23 21 19 9.87 -10 8.14 -6.52 7.19 1.32 7.39
Consolidated Net Income / (Loss)		 27 23 20 27 12 -18 20 -9.26 11 2.21 7.08
Net Income / (Loss) Continuing Operations		 27 23 21 19 9.87 -10 8.14 -6.52 7.19 1.32 7.39
Total Pre-Tax Income 		42 34 34 36 9.40 -7.59 14 -5.20 13 4.02 9.68
Total Revenue		 131 0.36 1.60 119 90 63 9.50 -6.63 3.47 -1.70 2.77
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.60 0.87 0.27 0.00 2.18 1.66
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.60 0.87 0.27 0.00 2.18 1.66
Investment Securities Interest Income		 - - - - - 0.60 0.87 0.27 - 2.18 1.66
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 131 0.36 1.60 119 90 62 8.63 -6.89 3.47 -3.88 1.12
Other Service Charges		 2.70 - - 0.00 0.14 0.14 0.26 0.20 6.24 1.00 1.12
Net Realized & Unrealized Capital Gains on Investments		 0.17 0.36 1.60 -2.27 6.47 -2.61 8.37 0.00 -2.77 -4.88 0.00
Total Non-Interest Expense		 89 -34 -34 90 80 72 -4.67 -1.04 -6.58 -4.82 -5.29
Salaries and Employee Benefits		 64 62 65 60 50 42 43 40 53 56 57
Net Occupancy & Equipment Expense		 5.73 7.74 7.79 9.10 8.43 8.11 8.16 7.72 9.65 9.66 11
Marketing Expense		 1.84 1.92 2.04 1.94 2.07 1.19 1.28 2.00 2.99 2.67 2.74
Other Operating Expenses		 18 -105 -110 17 17 15 -58 -53 -72 -77 -80
Amortization Expense		 - - 1.87 1.67 1.73 1.72 1.62 1.89 - 4.15 3.95
Impairment Charge		 - - - 0.00 0.00 3.40 0.00 0.00 0.00 0.00 0.00
Nonoperating Income / (Expense), net		 - - - - 3.30 - -1.80 -1.50 0.01 0.00 1.93
Income Tax Expense		 15 11 14 9.71 3.49 1.36 4.24 -0.57 2.87 1.80 2.60
Basic Earnings per Share		 $3.49 $2.84 $2.45 $3.20 $0.70 ($1.12) $1.24 ($0.59) $1.20 $0.27 $0.84
Weighted Average Basic Shares Outstanding		 7.76M 7.96M 8.15M 8.37M 8.41M 7.99M 7.88M 7.84M 7.96M 8.16M 8.37M
Diluted Earnings per Share		 $3.33 $2.77 $2.38 $3.13 $0.70 ($1.12) $1.23 ($0.59) $1.17 $0.26 $0.79
Weighted Average Diluted Shares Outstanding		 8.15M 8.17M 8.40M 8.55M 8.46M 7.99M 7.93M 7.84M 8.11M 8.52M 8.89M
Weighted Average Basic & Diluted Shares Outstanding		 7.80M 8M 8.20M 16.86M 16.50M 18.49M 18.12M 9.38M 9.38M 9.38M 9.48M

Quarterly Income Statements for Westwood Holdings Group

This table shows Westwood Holdings Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q3 2024 Q1 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 6/30/2024 9/30/2024 3/31/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 4.13 -0.21 -2.76 -0.43 -0.29 3.27 0.20
Consolidated Net Income / (Loss)		 4.13 3.18 -2.76 -0.43 -0.29 3.27 0.20
Net Income / (Loss) Continuing Operations		 4.13 -0.21 -2.76 -0.43 -0.29 3.27 0.20
Total Pre-Tax Income 		4.06 3.75 -3.41 0.47 0.59 4.69 0.83
Total Revenue		 2.78 -5.06 -4.58 -1.45 0.28 0.29 2.05
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 2.78 -5.06 -4.58 -1.45 0.28 0.29 2.05
Other Service Charges		 5.27 0.37 0.22 0.37 0.28 0.29 0.00
Net Realized & Unrealized Capital Gains on Investments		 -2.48 -5.42 -4.81 -1.82 0.00 0.00 2.05
Total Non-Interest Expense		 -1.03 -6.04 -0.63 -1.33 0.45 -2.01 1.79
Salaries and Employee Benefits		 13 12 14 14 15 13 17
Net Occupancy & Equipment Expense		 2.33 2.37 2.35 2.57 2.67 2.89 2.64
Marketing Expense		 0.68 0.81 0.76 0.64 0.76 0.63 0.66
Other Operating Expenses		 -17 -22 -17 -18 -17 -19 -19
Impairment Charge		 0.00 - 0.00 0.00 0.00 0.00 0.00
Nonoperating Income / (Expense), net		 0.00 -0.02 0.00 0.00 0.00 1.93 -0.02
Income Tax Expense		 -0.32 1.17 -1.19 0.31 0.12 0.96 0.05
Basic Earnings per Share		 $0.42 $0.33 ($0.27) $0.01 $0.06 $0.44 $0.09
Weighted Average Basic Shares Outstanding		 8.00M 7.96M 8.22M 8.12M 8.25M 8.42M 8.50M
Diluted Earnings per Share		 $0.41 $0.31 ($0.27) $0.01 $0.05 $0.41 $0.09
Weighted Average Diluted Shares Outstanding		 8.12M 8.11M 8.22M 8.49M 8.78M 8.94M 9.04M
Weighted Average Basic & Diluted Shares Outstanding		 9.15M 9.38M 9.29M 9.27M - 9.41M 9.49M
Cash Dividends to Common per Share		 - - $0.15 $0.15 $0.15 $0.15 $0.15

Annual Cash Flow Statements for Westwood Holdings Group

This table details how cash moves in and out of Westwood Holdings Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 4.61 11 21 -1.80 -2.68 -37 2.19 43 3.18 1.25 14
Net Cash From Operating Activities		 55 47 48 63 32 -9.77 19 51 -1.19 21 19
Net Cash From Continuing Operating Activities		 55 47 48 0.00 0.00 0.00 0.00 51 4.40 11 23
Net Income / (Loss) Continuing Operations		 27 23 20 27 5.91 -8.95 9.76 -4.63 11 2.21 7.08
Consolidated Net Income / (Loss)		 27 23 20 27 5.91 -8.95 9.76 -4.63 11 2.21 7.08
Depreciation Expense		 1.05 0.97 1.04 0.87 0.90 0.92 0.75 0.69 0.67 0.60 0.50
Amortization Expense		 1.55 1.96 1.87 1.67 1.73 1.72 1.62 1.89 4.15 4.15 3.95
Non-Cash Adjustments to Reconcile Net Income		 17 16 17 -15 7.81 9.21 0.40 9.25 4.55 0.98 4.16
Changes in Operating Assets and Liabilities, net		 8.83 6.27 8.25 -14 16 -20 6.85 44 -16 3.42 7.68
Net Cash From Investing Activities		 -25 -1.81 -1.17 3.60 -4.85 -0.00 9.57 -34 4.11 -4.61 -3.67
Net Cash From Continuing Investing Activities		 -25 -1.81 -1.17 0.00 0.00 0.00 0.00 0.32 5.15 -2.39 -2.77
Purchase of Investment Securities		 -25 -1.82 -1.17 -0.99 -2.49 0.09 0.16 0.32 0.15 -2.39 -2.77
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.01 - 0.00 0.00 0.09 - 0.00 0.00 0.00 0.00
Divestitures		 - 0.00 0.00 10 0.00 0.00 0.00 - 0.00 0.00 0.00
Sale and/or Maturity of Investments		 - - - 5.43 - 0.00 9.26 0.00 5.00 0.00 0.00
Net Cash From Financing Activities		 -22 -35 -29 -68 -32 -26 -27 -9.10 -6.36 -18 -7.85
Net Cash From Continuing Financing Activities		 -22 -35 -29 0.00 0.00 0.00 0.00 -9.10 -6.36 -7.73 -6.70
Repurchase of Common Equity		 0.00 -5.63 0.00 -4.00 -2.41 -13 -2.99 -2.85 0.00 -1.35 0.00
Payment of Dividends		 -17 -19 -22 -25 -26 -11 -23 -5.63 -5.50 -5.44 -5.37
Other Financing Activities, Net		 -5.52 -9.87 -6.65 29 -3.37 -1.82 -0.88 -0.63 -0.86 -0.94 -1.34
Effect of Exchange Rate Changes		 -3.38 0.30 2.31 -2.77 1.86 -1.16 0.05 0.01 0.00 0.00 0.00
Cash Income Taxes Paid		 12 15 11 9.77 1.43 1.27 1.86 1.86 1.59 3.43 1.02

Quarterly Cash Flow Statements for Westwood Holdings Group

This table details how cash moves in and out of Westwood Holdings Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q4 2024 Q1 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 12/31/2024 3/31/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1.95 9.87 5.47 -1.34 -9.43 11 -2.84
Net Cash From Operating Activities		 -1.78 4.50 8.13 8.91 -4.90 7.98 -2.57
Net Cash From Continuing Operating Activities		 -1.78 10 8.13 2.78 -0.46 8.02 -2.57
Net Income / (Loss) Continuing Operations		 7.73 -4.36 4.46 2.05 0.48 1.88 0.78
Consolidated Net Income / (Loss)		 7.73 -4.36 4.46 2.05 0.48 1.88 0.78
Depreciation Expense		 0.17 0.16 0.17 0.14 0.13 0.13 0.10
Amortization Expense		 1.04 1.04 1.04 1.06 1.05 0.80 0.78
Non-Cash Adjustments to Reconcile Net Income		 -3.50 13 -4.94 -2.39 1.48 1.54 0.91
Changes in Operating Assets and Liabilities, net		 -7.23 0.15 7.39 1.92 -3.59 3.67 -5.14
Net Cash From Investing Activities		 4.98 -0.03 -0.00 -3.08 -1.42 -1.14 2.64
Net Cash From Continuing Investing Activities		 4.98 -0.48 -0.00 -1.07 -1.42 -0.24 2.64
Purchase of Property, Leasehold Improvements and Equipment		 -0.02 - -0.00 - -0.01 - -0.25
Purchase of Investment Securities		 - -0.59 0.00 -1.11 -1.41 -0.32 -0.20
Sale and/or Maturity of Investments		 5.00 - 0.00 - 0.00 - 0.30
Other Investing Activities, net		 - - - - 0.00 - 2.79
Net Cash From Financing Activities		 -1.25 -1.23 -2.66 -9.77 -3.11 -2.20 -2.91
Net Cash From Continuing Financing Activities		 -1.25 -1.23 -2.66 -3.05 -2.91 -1.25 -2.91
Repurchase of Common Equity		 - - 0.00 - 0.00 - 0.00
Payment of Dividends		 -1.22 -1.23 -1.72 -1.23 -1.58 -1.25 -1.63
Other Financing Activities, Net		 -0.03 0.00 -0.94 -1.81 -1.34 - -1.29
Effect of Exchange Rate Changes		 - - 0.00 - 0.00 - 0.00
Cash Income Taxes Paid		 0.72 0.57 0.01 1.61 0.23 0.41 0.08

Annual Balance Sheets for Westwood Holdings Group

This table presents Westwood Holdings Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 181 180 193 199 179 149 140 146 155 150 162
Cash and Due from Banks		 23 34 54 52 50 13 15 24 20 19 26
Trading Account Securities		 - - - 0.00 4.24 3.53 4.51 9.60 4.28 4.25 4.30
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 2.19 4.28 4.19 4.45 4.15 3.19 2.11 1.83 1.44 0.95 0.54
Goodwill		 27 27 27 20 20 16 16 36 40 40 40
Intangible Assets		 23 21 20 16 15 14 12 29 25 22 18
Other Assets		 106 93 87 107 85 99 89 46 65 65 74
Total Liabilities & Shareholders' Equity		 181 180 193 199 179 149 140 146 155 150 162
Total Liabilities		 47 34 36 38 30 18 22 36 33 28 36
Short-Term Debt		 5.75 6.68 7.36 7.71 7.36 0.81 1.80 1.75 2.37 2.47 13
Accrued Interest Payable		 6.27 3.15 1.60 0.37 0.29 0.19 0.47 0.00 0.00 0.00 1.49
Other Short-Term Payables		 33 20 23 19 14 11 14 16 16 21 21
Other Long-Term Liabilities		 2.52 3.94 4.73 11 9.07 6.65 5.86 18 15 4.66 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 134 146 156 161 148 131 118 111 122 122 127
Total Preferred & Common Equity		 134 146 156 161 148 131 118 111 120 120 126
Total Common Equity		 134 146 156 161 148 131 118 111 120 120 127
Common Stock		 144 163 179 194 204 210 195 200 202 202 206
Retained Earnings		 30 32 29 31 11 -1.70 4.36 -4.25 4.65 6.21 8.98
Treasury Stock		 -35 -44 -50 -59 -63 -78 -82 -85 -86 -88 -90
Accumulated Other Comprehensive Income / (Loss)		 -4.69 -4.29 -1.76 - -2.94 0.00 0.00 0.00 0.00 0.00 0.00
Other Equity Adjustments		 - - - -4.88 - - - - - - 1.11

Quarterly Balance Sheets for Westwood Holdings Group

This table presents Westwood Holdings Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q3 2024 Q3 2025 Q1 2026
Period end date 9/30/2023 6/30/2024 9/30/2024 9/30/2025 3/31/2026
Total Assets		 151 147 152 154 150
Cash and Due from Banks		 17 24 23 22 23
Trading Account Securities		 4.26 4.58 4.21 4.26 4.25
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1.58 1.14 1.01 0.66 0.68
Goodwill		 40 40 40 40 40
Intangible Assets		 26 23 22 19 17
Other Assets		 62 56 62 69 65
Total Liabilities & Shareholders' Equity		 151 147 152 154 150
Total Liabilities		 31 27 31 28 24
Short-Term Debt		 1.44 1.39 1.43 2.58 13
Accrued Interest Payable		 0.00 0.00 0.00 0.92 1.51
Other Short-Term Payables		 15 12 15 25 10
Other Long-Term Liabilities		 14 13 15 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 120 120 120 126 126
Total Preferred & Common Equity		 118 119 118 124 125
Total Common Equity		 118 119 118 124 126
Common Stock		 202 202 202 205 208
Retained Earnings		 2.21 4.34 4.29 8.49 8.35
Treasury Stock		 -86 -88 -88 -90 -91
Accumulated Other Comprehensive Income / (Loss)		 0.00 0.00 0.00 0.00 0.00
Other Equity Adjustments		 - - - - 1.11

Annual Metrics And Ratios for Westwood Holdings Group

This table displays calculated financial ratios and metrics derived from Westwood Holdings Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 8,613,907.00 8,799,797.00 8,884,421.00 9,018,436.00 8,863,674.00 8,373,143.00 8,305,035.00 8,413,223.00 9,145,663.00 - 9,408,130.00
DEI Adjusted Shares Outstanding		 8,613,907.00 8,799,797.00 8,884,421.00 9,018,436.00 8,863,674.00 8,373,143.00 8,305,035.00 8,413,223.00 9,145,663.00 - 9,408,130.00
DEI Earnings Per Adjusted Shares Outstanding		 3.15 2.57 2.25 2.97 1.33 -2.14 2.35 -1.10 1.16 - 0.75
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.63% -99.72% 340.61% 7,363.13% -24.48% -30.03% -84.89% -169.75% 152.40% -10.47% 263.44%
EBITDA Growth		 4.29% -17.58% 3.22% -16.73% -60.03% -148.71% 367.76% -118.21% 593.56% -40.49% 58.86%
EBIT Growth		 0.44% -19.45% 3.53% -17.05% -65.54% -187.65% 260.67% -139.43% 279.85% -55.61% 158.19%
NOPAT Growth		 -0.53% -16.45% -11.74% 33.83% -85.65% -238.37% 307.39% -123.51% 507.96% -79.07% 156.18%
Net Income Growth		 -0.53% -16.45% -11.74% 33.83% -55.81% -251.36% 209.12% -147.40% 214.21% -58.17% 220.08%
EPS Growth		 -3.48% -16.82% -14.08% 31.51% -77.64% -260.00% 209.82% -147.97% 298.31% -77.78% 203.85%
Operating Cash Flow Growth		 108.15% -14.16% 1.30% 31.16% -48.91% -130.37% 298.41% 165.62% -102.30% 1,882.45% -10.42%
Free Cash Flow Firm Growth		 -54.47% 324.69% -6.56% 140.93% -21.23% 10.37% 21.34% -79.31% -139.25% 220.08% -510.28%
Invested Capital Growth		 21.62% 9.33% 7.20% 3.12% -7.82% -15.50% -8.98% -6.11% 11.05% -0.01% 11.86%
Revenue Q/Q Growth		 2.59% -99.71% -80.79% 222.81% -34.79% -47.23% -77.35% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -0.18% 5.42% 0.86% -25.01% 43.52% -786.78% 174.15% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 -2.06% 6.95% 0.88% -26.39% 60.59% -398.19% 157.25% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 -4.55% 14.63% -18.97% 10.38% -56.29% 14.09% 12.81% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 -4.55% 14.63% -18.97% 10.38% 34.60% -440.60% 2,287.04% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 -4.86% 16.88% -19.87% 10.99% -32.69% 7.44% -3.15% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -3.58% 11.24% 0.35% 166.45% -60.53% -14.66% 5.51% 277.38% -103.89% 26.38% -4.68%
Free Cash Flow Firm Q/Q Growth		 -4.51% 20.85% -6.14% 50.70% -27.14% -20.94% 13.76% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 3.34% 3.91% 1.02% -1.81% -1.08% 3.26% 2.26% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 34.23% 10,204.14% 2,390.41% 26.67% 14.12% -9.83% 174.17% 0.00% 428.19% 127.44% 451.08%
EBIT Margin		 32.24% 9,395.03% 2,207.59% 24.54% 11.20% -14.03% 149.19% 0.00% 289.43% 68.55% 290.69%
Profit (Net Income) Margin		 20.70% 6,256.08% 1,253.23% 22.47% 13.15% -28.45% 205.49% 0.00% 304.38% 54.82% 255.30%
Tax Burden Percent		 64.20% 66.59% 58.98% 73.37% 125.74% 235.82% 139.44% 178.17% 78.64% 110.14% 73.13%
Interest Burden Percent		 100.00% 100.00% 96.26% 124.84% 93.40% 86.00% 98.78% 92.95% 133.73% 72.62% 120.09%
Effective Tax Rate		 35.80% 33.41% 41.02% 26.63% 37.13% 0.00% 30.28% 0.00% 21.36% 44.93% 26.87%
Return on Invested Capital (ROIC)		 21.29% 15.49% 12.63% 16.09% 2.37% -3.70% 8.77% 0.00% 8.91% 1.77% 4.28%
ROIC Less NNEP Spread (ROIC-NNEP)		 21.29% 15.49% 12.63% 16.09% 108.30% -311.64% 660.89% 0.00% 9.14% 93.27% 22.71%
Return on Net Nonoperating Assets (RNNOA)		 0.93% 0.69% 0.59% 0.76% 5.28% -9.13% 6.94% 0.00% 0.16% 1.84% 1.40%
Return on Equity (ROE)		 22.22% 16.17% 13.22% 16.85% 7.64% -12.83% 15.71% -8.10% 9.07% 3.61% 5.68%
Cash Return on Invested Capital (CROIC)		 1.78% 6.58% 5.68% 13.02% 10.51% 13.10% 18.18% 4.07% -1.56% 1.78% -6.91%
Operating Return on Assets (OROA)		 26.29% 18.84% 18.91% 14.91% 5.33% -5.38% 9.82% 0.00% 6.67% 3.62% 5.16%
Return on Assets (ROA)		 16.88% 12.55% 10.74% 13.65% 6.26% -10.92% 13.52% 0.00% 7.01% 2.90% 4.53%
Return on Common Equity (ROCE)		 22.22% 16.17% 13.22% 16.85% 7.64% -12.83% 15.71% -8.10% 8.99% 3.55% 5.64%
Return on Equity Simple (ROE_SIMPLE)		 20.23% 15.50% 12.78% 16.60% 7.97% -13.69% 16.56% -8.37% 8.78% 3.68% 5.63%
Net Operating Profit after Tax (NOPAT)		 27 23 20 27 3.84 -5.31 11 -2.59 11 2.21 5.66
NOPAT Margin		 20.70% 6,256.08% 1,253.23% 22.47% 4.27% -8.44% 115.93% 0.00% 304.24% 27.41% 204.33%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% -105.93% 307.94% -652.12% 376.08% -0.23% -91.50% -18.42%
SG&A Expenses to Revenue		 54.33% 19,658.29% 4,688.53% 59.64% 67.47% 81.79% 546.97% 0.00% 1,887.65% 847.27% 2,536.94%
Operating Expenses to Revenue		 67.76% -9,295.03% -2,107.59% 75.46% 88.80% 114.03% -49.19% 0.00% -189.43% 31.45% -190.69%
Earnings before Interest and Taxes (EBIT)		 42 34 35 29 10 -8.82 14 -5.59 10 5.53 8.06
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 45 37 38 32 13 -6.18 17 -3.01 15 10 13
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.05 2.30 2.50 1.34 1.36 0.73 1.06 0.76 0.87 1.11 1.27
Price to Tangible Book Value (P/TBV)		 3.28 3.45 3.58 1.72 1.79 0.95 1.39 1.83 1.87 2.25 2.33
Price to Revenue (P/Rev)		 2.09 929.03 245.33 1.81 2.25 1.52 13.13 0.00 30.20 16.52 57.90
Price to Earnings (P/E)		 10.12 14.85 18.36 11.05 20.50 0.00 15.33 0.00 14.59 35.77 21.72
Dividend Yield		 6.50% 6.10% 5.77% 11.55% 12.61% 22.75% 19.63% 6.00% 5.23% 4.17% 3.52%
Earnings Yield		 9.89% 6.73% 5.45% 9.05% 4.88% 0.00% 6.52% 0.00% 6.85% 2.80% 4.60%
Enterprise Value to Invested Capital (EV/IC)		 1.84 2.03 2.10 1.01 1.03 0.63 0.93 0.55 0.71 0.95 1.05
Enterprise Value to Revenue (EV/Rev)		 1.96 854.45 215.93 1.43 1.78 1.32 11.72 0.00 25.59 14.74 53.08
Enterprise Value to EBITDA (EV/EBITDA)		 5.74 8.37 9.03 5.38 12.61 0.00 6.73 0.00 5.98 11.57 11.77
Enterprise Value to EBIT (EV/EBIT)		 6.09 9.09 9.78 5.84 15.89 0.00 7.86 0.00 8.84 21.51 18.26
Enterprise Value to NOPAT (EV/NOPAT)		 9.49 13.66 17.23 6.38 41.68 0.00 10.11 0.00 8.41 53.78 25.98
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.66 6.53 7.17 2.71 4.97 0.00 5.75 1.20 0.00 5.63 7.78
Enterprise Value to Free Cash Flow (EV/FCFF)		 113.60 32.17 38.34 7.89 9.38 4.42 4.88 13.12 0.00 53.42 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.04 0.05 0.05 0.05 0.05 0.01 0.02 0.02 0.02 0.02 0.10
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.04 0.04 0.05 0.05 0.05 0.03 0.01 0.02 0.02 0.02 0.06
Leverage Ratio		 1.32 1.29 1.23 1.23 1.22 1.18 1.16 1.25 1.29 1.25 1.25
Compound Leverage Factor		 1.32 1.29 1.18 1.54 1.14 1.01 1.15 1.16 1.73 0.91 1.51
Debt to Total Capital		 4.11% 4.37% 4.49% 4.57% 4.73% 0.62% 1.50% 1.55% 1.90% 1.98% 9.22%
Short-Term Debt to Total Capital		 4.11% 4.37% 4.49% 4.57% 4.73% 0.62% 1.50% 1.55% 1.90% 1.98% 9.22%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.64% 1.64% 0.00%
Common Equity to Total Capital		 95.89% 95.63% 95.51% 95.43% 95.27% 99.38% 98.50% 98.45% 96.47% 96.39% 90.78%
Debt to EBITDA		 0.13 0.18 0.19 0.24 0.58 -0.13 0.11 -0.58 0.16 0.24 1.03
Net Debt to EBITDA		 -0.38 -0.73 -1.23 -1.41 -3.34 1.97 -0.81 7.34 -1.21 -1.59 -1.07
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.21 0.29 0.37 0.29 1.92 -0.15 0.16 -0.67 0.22 1.12 2.27
Net Debt to NOPAT		 -0.63 -1.19 -2.35 -1.67 -11.05 2.30 -1.22 8.54 -1.71 -7.41 -2.36
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.88% 1.67% 0.82%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2.26 9.62 8.98 22 17 19 23 4.72 -1.85 2.23 -9.13
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.82 0.00 0.01 0.61 0.48 0.38 0.07 0.00 0.02 0.05 0.02
Fixed Asset Turnover		 54.27 0.11 0.38 27.54 20.89 17.14 3.59 0.00 2.12 6.74 3.73
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 140 153 164 169 156 132 120 112 125 125 140
Invested Capital Turnover		 1.03 0.00 0.01 0.72 0.55 0.44 0.08 0.00 0.03 0.06 0.02
Increase / (Decrease) in Invested Capital		 25 13 11 5.11 -13 -24 -12 -7.31 12 -0.02 15
Enterprise Value (EV)		 257 309 344 171 160 83 111 62 89 119 147
Market Capitalization		 274 336 391 215 202 95 125 84 105 133 161
Book Value per Share		 $15.55 $16.60 $17.60 $17.87 $16.73 $15.61 $14.20 $13.15 $13.16 $12.97 $13.47
Tangible Book Value per Share		 $9.69 $11.08 $12.32 $13.90 $12.77 $12.04 $10.79 $5.46 $6.13 $6.38 $7.34
Total Capital		 140 153 164 169 156 132 120 112 125 125 140
Total Debt		 5.75 6.68 7.36 7.71 7.36 0.81 1.80 1.75 2.37 2.47 13
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -17 -27 -47 -45 -42 -12 -13 -22 -18 -16 -13
Capital Expenditures (CapEx)		 0.00 -0.01 0.00 0.00 0.00 -0.09 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 -7.98 13 -8.51 6.67 -0.00 -2.21 -1.41
Net Nonoperating Obligations (NNO)		 5.75 6.68 7.36 7.71 7.36 0.81 1.80 1.75 2.37 2.47 13
Total Depreciation and Amortization (D&A)		 2.60 2.93 2.92 2.54 2.62 2.64 2.37 2.58 4.82 4.75 4.45
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.49 $2.84 $2.45 $3.20 $0.70 ($1.12) $1.24 ($0.59) $1.20 $0.27 $0.84
Adjusted Weighted Average Basic Shares Outstanding		 7.76M 7.96M 8.15M 8.37M 8.41M 7.99M 7.88M 7.84M 7.96M 8.16M 8.37M
Adjusted Diluted Earnings per Share		 $3.33 $2.77 $2.38 $3.13 $0.70 ($1.12) $1.23 ($0.59) $1.17 $0.26 $0.79
Adjusted Weighted Average Diluted Shares Outstanding		 8.15M 8.17M 8.40M 8.55M 8.46M 7.99M 7.93M 7.84M 8.11M 8.52M 8.89M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.63M 8.80M 8.90M 8.90M 17.82M 16.86M 16.50M 18.49M 18.12M 9.38M 9.48M
Normalized Net Operating Profit after Tax (NOPAT)		 27 23 20 27 3.84 -2.93 11 -2.59 11 2.21 5.66
Normalized NOPAT Margin		 20.70% 6,256.08% 1,253.23% 22.47% 4.27% -4.66% 115.93% 0.00% 304.24% 27.41% 204.33%
Pre Tax Income Margin		 32.24% 9,395.03% 2,124.95% 30.63% 10.46% -12.06% 147.37% 0.00% 387.07% 49.78% 349.10%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 61.31% 85.85% 109.68% 92.04% 220.68% -61.71% 117.44% -60.77% 52.05% 123.02% 75.81%
Augmented Payout Ratio		 61.31% 110.73% 109.68% 106.99% 241.10% -134.10% 132.76% -91.57% 52.05% 153.51% 75.81%

Quarterly Metrics And Ratios for Westwood Holdings Group

This table displays calculated financial ratios and metrics derived from Westwood Holdings Group's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q3 2024 Q1 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 6/30/2024 9/30/2024 3/31/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 9,145,663.00 9,145,663.00 9,286,533.00 9,286,533.00 9,379,680.00 9,408,130.00 9,487,978.00
DEI Adjusted Shares Outstanding		 9,145,663.00 9,145,663.00 9,286,533.00 9,286,533.00 9,379,680.00 9,408,130.00 9,487,978.00
DEI Earnings Per Adjusted Shares Outstanding		 0.45 0.35 -0.30 -0.05 -0.03 0.35 0.02
Growth Metrics		 - - - - - - -
Revenue Growth		 -82.46% 0.00% -420.04% -152.12% 106.04% 120.14% 638.63%
EBITDA Growth		 1,607.51% 0.00% -207.29% -102.39% 136.63% 2,017.50% 13.66%
EBIT Growth		 535.16% 0.00% -391.81% -103.15% 95.60% 2,017.50% 247.70%
NOPAT Growth		 909.59% 0.00% -433.92% -96.37% 120.01% 1,279.58% 66.91%
Net Income Growth		 451.32% 0.00% -576.86% -110.37% 89.53% 864.02% 167.82%
EPS Growth		 373.33% 0.00% -400.00% -97.56% 118.52% 4,000.00% 80.00%
Operating Cash Flow Growth		 -156.07% -87.56% 355.84% 0.00% -160.25% 0.00% 47.61%
Free Cash Flow Firm Growth		 191.27% 0.00% 0.00% -111.62% 1,220.59% -991.00% -212.62%
Invested Capital Growth		 0.65% 0.00% 7.53% 0.48% 0.00% 5.54% 0.00%
Revenue Q/Q Growth		 -35.56% -281.81% 9.39% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 -1.95% -56.59% -187.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 -2.46% -74.37% -83.40% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 51.79% -40.68% -191.86% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 53.57% -23.06% -186.93% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 13.89% -24.39% -187.10% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -146.47% 352.47% 80.77% 0.00% -155.01% 0.00% -132.17%
Free Cash Flow Firm Q/Q Growth		 980.35% -100.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 2.93% 2.95% -1.84% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - -
EBITDA Margin		 180.45% 0.00% 0.00% 0.00% 362.09% 788.01% 55.72%
EBIT Margin		 137.02% 0.00% 0.00% 0.00% -62.82% 788.01% 12.56%
Profit (Net Income) Margin		 148.38% 0.00% 0.00% 0.00% -104.33% 1,119.86% 9.58%
Tax Burden Percent		 101.70% 84.67% 81.06% -91.65% -48.82% 69.69% 23.67%
Interest Burden Percent		 106.48% 383.93% 86.14% -389.17% -340.23% 203.91% 322.18%
Effective Tax Rate		 -7.79% 31.14% 0.00% 65.95% 19.43% 20.52% 5.56%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -7.05%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.70%
Return on Equity (ROE)		 0.00% 0.00% 6.22% 0.00% 0.00% 0.00% 1.85%
Cash Return on Invested Capital (CROIC)		 0.00% -1.49% 0.00% 0.00% 0.00% 0.00% -191.41%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.38%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.29%
Return on Common Equity (ROCE)		 0.00% 0.00% 6.15% 0.00% 0.00% 0.00% 1.85%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 6.10% 0.00% 0.00% 0.00% 6.05%
Net Operating Profit after Tax (NOPAT)		 4.38 2.60 -2.38 0.16 0.48 2.19 0.80
NOPAT Margin		 157.26% 0.00% 0.00% 0.00% 172.20% 751.21% 38.91%
Net Nonoperating Expense Percent (NNEP)		 10.67% -24.53% 26.43% 40.95% 0.00% -53.69% 9.60%
SG&A Expenses to Revenue		 563.30% 0.00% 0.00% 0.00% 6,472.20% 5,757.53% 1,000.29%
Operating Expenses to Revenue		 -37.02% 0.00% 0.00% 0.00% 162.82% -688.01% 87.44%
Earnings before Interest and Taxes (EBIT)		 3.81 0.98 -3.95 -0.12 -0.17 2.30 0.26
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.02 2.18 -2.74 -0.12 1.00 2.30 1.14
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.75 0.87 0.96 1.07 0.00 1.25 1.24
Price to Tangible Book Value (P/TBV)		 1.69 1.87 2.02 2.22 0.00 2.37 2.26
Price to Revenue (P/Rev)		 0.00 30.20 0.00 0.00 46.31 0.00 34.40
Price to Earnings (P/E)		 0.00 14.59 159.10 0.00 38.67 0.00 19.84
Dividend Yield		 6.22% 5.23% 4.93% 4.39% 3.84% 3.64% 3.64%
Earnings Yield		 0.00% 6.85% 0.63% 0.00% 2.59% 0.00% 5.04%
Enterprise Value to Invested Capital (EV/IC)		 0.62 0.71 0.76 0.88 0.00 1.08 1.05
Enterprise Value to Revenue (EV/Rev)		 0.00 25.59 0.00 0.00 0.00 0.00 32.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 5.98 14.42 0.00 0.00 0.00 11.49
Enterprise Value to EBIT (EV/EBIT)		 0.00 8.84 57.77 0.00 0.00 0.00 17.12
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 8.41 12.18 0.00 0.00 0.00 24.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.46 0.00 9.18 6.44 0.00 6.96 6.84
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.01 0.02 0.01 0.01 0.00 0.02 0.10
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.02 0.02 0.01 0.01 0.00 0.02 0.10
Leverage Ratio		 1.19 1.29 1.24 1.26 0.00 1.24 1.19
Compound Leverage Factor		 1.27 4.97 1.07 -4.90 0.00 2.53 3.84
Debt to Total Capital		 1.18% 1.90% 1.14% 1.17% 0.00% 2.01% 9.02%
Short-Term Debt to Total Capital		 1.18% 1.90% 1.14% 1.17% 0.00% 2.01% 9.02%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.68% 1.64% 1.60% 1.64% 0.00% 1.62% 0.00%
Common Equity to Total Capital		 97.13% 96.47% 97.26% 97.18% 0.00% 96.38% 90.98%
Debt to EBITDA		 0.00 0.16 0.22 0.00 0.00 0.00 0.99
Net Debt to EBITDA		 0.00 -1.21 -3.47 0.00 0.00 0.00 -0.86
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.22 0.18 0.00 0.00 0.00 2.10
Net Debt to NOPAT		 0.00 -1.71 -2.93 0.00 0.00 0.00 -1.83
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 1.27% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 3.59 0.00 -11 -0.42 122 -4.55 -138
Operating Cash Flow to CapEx		 -8,100.00% 0.00% 271,100.00% 0.00% -81,666.67% 0.00% -1,043.50%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.02 0.00 0.00 0.00 0.00 0.03
Fixed Asset Turnover		 0.00 2.12 0.00 0.00 0.00 0.00 6.67
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 121 125 122 122 0.00 129 139
Invested Capital Turnover		 0.00 0.03 0.00 0.00 0.00 0.00 0.07
Increase / (Decrease) in Invested Capital		 0.79 0.00 8.53 0.58 -122 6.74 139
Enterprise Value (EV)		 75 89 93 108 0.00 138 145
Market Capitalization		 89 105 113 127 147 155 156
Book Value per Share		 $12.82 $13.16 $12.73 $12.75 $0.00 $13.17 $13.29
Tangible Book Value per Share		 $5.71 $6.13 $6.04 $6.16 $0.00 $6.95 $7.29
Total Capital		 121 125 122 122 0.00 129 139
Total Debt		 1.44 2.37 1.39 1.43 0.00 2.58 13
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -16 -18 -22 -21 0.00 -19 -11
Capital Expenditures (CapEx)		 0.02 0.00 0.00 0.00 0.01 0.00 0.25
Net Nonoperating Expense (NNE)		 0.25 -0.58 0.38 0.59 0.77 -1.08 0.60
Net Nonoperating Obligations (NNO)		 1.44 2.37 1.39 1.43 0.00 2.58 13
Total Depreciation and Amortization (D&A)		 1.21 1.20 1.22 0.00 1.18 0.00 0.88
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.42 $0.33 ($0.27) $0.01 $0.00 $0.44 $0.09
Adjusted Weighted Average Basic Shares Outstanding		 8.00M 7.96M 8.22M 8.12M 0.00 8.42M 8.50M
Adjusted Diluted Earnings per Share		 $0.41 $0.31 ($0.27) $0.01 $0.00 $0.41 $0.09
Adjusted Weighted Average Diluted Shares Outstanding		 8.12M 8.11M 8.22M 8.49M 0.00 8.94M 9.04M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 9.15M 9.38M 9.29M 9.27M 0.00 9.41M 9.49M
Normalized Net Operating Profit after Tax (NOPAT)		 2.84 2.60 -2.38 0.33 0.48 2.19 0.80
Normalized NOPAT Margin		 102.13% 0.00% 0.00% 0.00% 172.20% 751.21% 38.91%
Pre Tax Income Margin		 145.90% 0.00% 0.00% 0.00% 213.72% 1,606.85% 40.47%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 52.05% 74.48% 0.00% 112.98% 0.00% 71.61%
Augmented Payout Ratio		 0.00% 52.05% 74.48% 0.00% 141.77% 0.00% 71.61%

Financials Breakdown Chart

Key Financial Trends

Westwood Holdings Group’s recent quarterly financials show a business that is still profitable at the bottom line, but with highly uneven operating performance and a clear dependence on investment-related gains to support results. The latest quarter, Q1 2026, was especially weak on a cash-flow basis, even though the company remained profitable in accounting terms.

  • Balance sheet remains well capitalized: As of Q1 2026, Westwood held $23.4 million in cash and equivalents against $24.3 million in total liabilities, while total equity stood at $126.1 million.
  • Book value is still substantial: Common equity was more than $126 million in Q1 2026, giving the company a relatively strong equity base versus its modest market-cap-style operating footprint.
  • Q1 2026 showed accounting profitability: Net income was $196,000 in Q1 2026, following $3.27 million in Q3 2025 and $1.88 million in Q4 2025.
  • Cash and equivalents increased sequentially: Cash rose to $23.4 million in Q1 2026 from $21.6 million in Q3 2025, helped by investing activity despite weak operations.
  • Revenue is concentrated in non-interest income: The company continues to generate revenue primarily from service fees and realized/unrealized investment gains, not recurring interest income.
  • Share count has drifted upward: Weighted average diluted shares increased to 9.04 million in Q1 2026 from 8.94 million in Q3 2025, which can dilute per-share earnings over time.
  • Dividend appears steady: Cash dividends to common shareholders remained at $0.15 per share in the periods shown.
  • Operating cash flow turned sharply negative in Q1 2026: Net cash from operating activities was -$2.6 million, a major deterioration from +$8.0 million in Q4 2025 and +$4.5 million in Q4 2024.
  • Working capital pressure was significant: Changes in operating assets and liabilities reduced cash by $5.1 million in Q1 2026, a major drag on operating performance.
  • Recent revenue and earnings are volatile: Q1 2026 revenue was $2.0 million, below Q3 2025 revenue of $292,000 only because of large investment gains, while earlier periods showed even bigger swings, including a Q1 2024 loss and a Q3 2024 loss.

Overall, Westwood appears to have a sturdy balance sheet but inconsistent operating momentum. The main risk for investors is that earnings and cash flow can swing sharply with market-driven investment gains and changes in working capital. The main positive is that the company still carries meaningful cash and equity, which provides some financial flexibility.

07/12/26 07:30 AM ETAI Generated. May Contain Errors.

Westwood Holdings Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Westwood Holdings Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Westwood Holdings Group's net income appears to be on a downward trend, with a most recent value of $7.08 million in 2025, falling from $27.11 million in 2015. The previous period was $2.21 million in 2024. Find out what analysts predict for Westwood Holdings Group in the coming months.

Over the last 10 years, Westwood Holdings Group's total revenue changed from $130.94 million in 2015 to $2.77 million in 2025, a change of -97.9%.

Westwood Holdings Group's total liabilities were at $35.58 million at the end of 2025, a 28.6% increase from 2024, and a 24.9% decrease since 2015.

In the past 10 years, Westwood Holdings Group's cash and equivalents has ranged from $13.02 million in 2020 to $54.25 million in 2017, and is currently $26.25 million as of their latest financial filing in 2025.

Over the last 10 years, Westwood Holdings Group's book value per share changed from 15.55 in 2015 to 13.47 in 2025, a change of -13.4%.


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Financial statements for NYSE:WHG last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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