WHG NYSE Investment Advice Financials FY2016βFY2025
Westwood Holdings Group Inc had $97.8M of revenue in fiscal 2025, up 3.2% on the year before. Over five years, revenue changed +8.5% a year on average.
Last close Β· Oct 23, 2026
$18.86
0.2%Hi! I read Westwood Holdings Group Incβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+3.2%
Only a little. Sales grew 3.2% last year.
Does it make a profit?
7.2%
A little. It keeps 7.2% of every sale as profit.
Does profit turn into cash?
19.3%
Yes. 19.3% of sales ends up as free cash.
How is the share priced?
21.4x
One share costs 21.4 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Westwood Holdings Group Inc had $97.8M of revenue in fiscal 2025, up 3.2% on the year before. Over five years, revenue changed +8.5% a year on average. Its operating margin was 5.1%, up 4.2Β pts: of every 100 in sales, about 5 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Westwood Holdings Group Inc made $7.1M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew β13.0% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $18.8M in fiscal 2025, 19.3% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Westwood Holdings Group Inc returned $5.4M to shareholders in fiscal 2025, 28% of free cash flow. The diluted share count rose 4.3%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $2.3M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$2.3M
7 insiders
Of sales under plans
49%
$1.1M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 2, 2026 | Susan M ByrneDirector Emerita | Sold plan | 4,481 | $19.88 | $0.1M | Form 4 |
| Jul 1, 2026 | Susan M ByrneDirector Emerita | Sold plan | 3,584 | $19.35 | $0.1M | Form 4 |
| Jun 30, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,091 | $19.17 | $0.0M | Form 4 |
| Jun 29, 2026 | Susan M ByrneDirector Emerita | Sold plan | 7,129 | $20.03 | $0.1M | Form 4 |
| Jun 26, 2026 | Susan M ByrneDirector Emerita | Sold plan | 4,274 | $19.39 | $0.1M | Form 4 |
| Jun 25, 2026 | Susan M ByrneDirector Emerita | Sold plan | 500 | $18.21 | $0.0M | Form 4 |
| Jun 24, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,300 | $18.32 | $0.0M | Form 4 |
| Jun 23, 2026 | Susan M ByrneDirector Emerita | Sold plan | 2,500 | $18.45 | $0.0M | Form 4 |
| Jun 22, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,000 | $18.31 | $0.0M | Form 4 |
| Jun 18, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,549 | $18.35 | $0.0M | Form 4 |
| Jun 17, 2026 | Susan M ByrneDirector Emerita | Sold plan | 350 | $18.10 | $0.0M | Form 4 |
| Jun 16, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,634 | $18.29 | $0.0M | Form 4 |
| Jun 15, 2026 | Susan M ByrneDirector Emerita | Sold plan | 2,910 | $17.96 | $0.1M | Form 4 |
| Jun 12, 2026 | Susan M ByrneDirector Emerita | Sold plan | 4,367 | $17.86 | $0.1M | Form 4 |
| Jun 11, 2026 | Susan M ByrneDirector Emerita | Sold plan | 3,300 | $17.43 | $0.1M | Form 4 |
| Jun 10, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,800 | $17.55 | $0.0M | Form 4 |
| Jun 9, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,900 | $17.46 | $0.0M | Form 4 |
| Jun 8, 2026 | Susan M ByrneDirector Emerita | Sold plan | 607 | $17.11 | $0.0M | Form 4 |
| Jun 5, 2026 | Susan M ByrneDirector Emerita | Sold plan | 616 | $17.34 | $0.0M | Form 4 |
| Jun 2, 2026 | Susan M ByrneDirector Emerita | Sold plan | 406 | $16.33 | $0.0M | Form 4 |
| Jun 1, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,300 | $16.02 | $0.0M | Form 4 |
| May 29, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,124 | $16.40 | $0.0M | Form 4 |
| May 28, 2026 | Susan M ByrneDirector Emerita | Sold plan | 2,028 | $16.37 | $0.0M | Form 4 |
| May 27, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,062 | $16.20 | $0.0M | Form 4 |
| May 26, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,666 | $16.21 | $0.0M | Form 4 |
| May 22, 2026 | Susan M ByrneDirector Emerita | Sold plan | 613 | $16.02 | $0.0M | Form 4 |
| May 21, 2026 | Susan M ByrneDirector Emerita | Sold plan | 300 | $16.01 | $0.0M | Form 4 |
| May 20, 2026 | Susan M ByrneDirector Emerita | Sold plan | 206 | $16.01 | $0.0M | Form 4 |
| May 18, 2026 | Susan M ByrneDirector Emerita | Sold plan | 651 | $16.08 | $0.0M | Form 4 |
| May 14, 2026 | Susan M ByrneDirector Emerita | Sold plan | 500 | $16.00 | $0.0M | Form 4 |
| May 13, 2026 | Susan M ByrneDirector Emerita | Sold plan | 300 | $16.01 | $0.0M | Form 4 |
| May 12, 2026 | Susan M ByrneDirector Emerita | Sold plan | 991 | $16.27 | $0.0M | Form 4 |
| May 11, 2026 | Susan M ByrneDirector Emerita | Sold plan | 876 | $16.46 | $0.0M | Form 4 |
| May 8, 2026 | Susan M ByrneDirector Emerita | Sold plan | 600 | $16.17 | $0.0M | Form 4 |
| May 7, 2026 | Susan M ByrneDirector Emerita | Sold plan | 1,000 | $16.06 | $0.0M | Form 4 |
| May 6, 2026 | Susan M ByrneDirector Emerita | Sold plan | 260 | $16.09 | $0.0M | Form 4 |
| May 5, 2026 | Susan M ByrneDirector Emerita | Sold plan | 678 | $16.01 | $0.0M | Form 4 |
| May 4, 2026 | Susan M ByrneDirector Emerita | Sold plan | 239 | $16.02 | $0.0M | Form 4 |
| May 1, 2026 | Susan M ByrneDirector Emerita | Sold plan | 478 | $16.22 | $0.0M | Form 4 |
| Apr 30, 2026 | Susan M ByrneDirector Emerita | Sold plan | 994 | $16.28 | $0.0M | Form 4 |
| Apr 29, 2026 | Susan M ByrneDirector Emerita | Sold plan | 500 | $16.56 | $0.0M | Form 4 |
| Apr 28, 2026 | Susan M ByrneDirector Emerita | Sold plan | 660 | $16.97 | $0.0M | Form 4 |
| Apr 27, 2026 | Susan M ByrneDirector Emerita | Sold plan | 733 | $16.66 | $0.0M | Form 4 |
| Apr 24, 2026 | Susan M ByrneDirector Emerita | Sold | 700 | $16.14 | $0.0M | Form 4 |
| Apr 23, 2026 | Susan M ByrneDirector Emerita | Sold | 9 | $17.27 | $0.0M | Form 4 |
| Apr 22, 2026 | Susan M ByrneDirector Emerita | Sold | 294 | $15.85 | $0.0M | Form 4 |
| Apr 21, 2026 | Susan M ByrneDirector Emerita | Sold | 532 | $16.17 | $0.0M | Form 4 |
| Apr 20, 2026 | Susan M ByrneDirector Emerita | Sold | 500 | $16.64 | $0.0M | Form 4 |
| Apr 17, 2026 | Susan M ByrneDirector Emerita | Sold | 700 | $16.36 | $0.0M | Form 4 |
| Apr 16, 2026 | Susan M ByrneDirector Emerita | Sold | 500 | $16.14 | $0.0M | Form 4 |
| Apr 15, 2026 | Susan M ByrneDirector Emerita | Sold | 1,500 | $16.45 | $0.0M | Form 4 |
| Apr 14, 2026 | Susan M ByrneDirector Emerita | Sold | 301 | $16.48 | $0.0M | Form 4 |
| Apr 13, 2026 | Susan M ByrneDirector Emerita | Sold | 1,600 | $16.32 | $0.0M | Form 4 |
| Apr 10, 2026 | Susan M ByrneDirector Emerita | Sold | 900 | $16.11 | $0.0M | Form 4 |
| Apr 9, 2026 | Susan M ByrneDirector Emerita | Sold | 401 | $16.31 | $0.0M | Form 4 |
| Apr 8, 2026 | Susan M ByrneDirector Emerita | Sold | 704 | $16.46 | $0.0M | Form 4 |
| Apr 7, 2026 | Susan M ByrneDirector Emerita | Sold plan | 400 | $16.13 | $0.0M | Form 4 |
| Apr 6, 2026 | Susan M ByrneDirector Emerita | Sold | 700 | $16.31 | $0.0M | Form 4 |
| Apr 2, 2026 | Susan M ByrneDirector Emerita | Sold | 600 | $16.21 | $0.0M | Form 4 |
| Apr 1, 2026 | Susan M ByrneDirector Emerita | Sold | 1,494 | $16.83 | $0.0M | Form 4 |
| Feb 23, 2026 | David O LintonHead of Distribution | Sold | 2,654 | $16.22 | $0.0M | Form 4 |
| Feb 23, 2026 | Brian O CaseyCEO, Director | Sold | 18,943 | $16.22 | $0.3M | Form 4 |
| Feb 23, 2026 | Adrian HelfertCIO, Multi-Asset Inv. | Sold | 10,772 | $16.22 | $0.2M | Form 4 |
| Feb 23, 2026 | Fabian GomezPresident | Sold | 6,223 | $16.22 | $0.1M | Form 4 |
| Feb 23, 2026 | Matthew LockridgeHead, U.S. Value Inv. | Sold | 5,379 | $16.22 | $0.1M | Form 4 |
| Feb 23, 2026 | Murray Forbes IIIChief Financial Officer | Sold | 2,859 | $16.22 | $0.0M | Form 4 |
| Dec 10, 2025 | Brian O CaseyCEO, Director | Sold | 8,341 | $16.55 | $0.1M | Form 4 |
| Dec 9, 2025 | Brian O CaseyCEO, Director | Sold | 1,764 | $16.41 | $0.0M | Form 4 |
| Dec 8, 2025 | Brian O CaseyCEO, Director | Sold | 1,602 | $16.45 | $0.0M | Form 4 |
| Dec 5, 2025 | Brian O CaseyCEO, Director | Sold | 1,351 | $16.44 | $0.0M | Form 4 |
| Nov 28, 2025 | Brian O CaseyCEO, Director | Sold | 99 | $17.00 | $0.0M | Form 4 |
| Nov 26, 2025 | Brian O CaseyCEO, Director | Sold | 40 | $17.00 | $0.0M | Form 4 |
| Nov 10, 2025 | Brian O CaseyCEO, Director | Sold | 370 | $17.00 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Westwood Holdings Group Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $80.2M | $39.2M | $53.3M | $46.5M | $47.7M |
| Current ratio | 5.9x | 3.3x | 3.9x | β | β |
| Quick ratio | 5.9x | 3.3x | 3.9x | β | β |
| Total assets | $140M | $146M | $155M | $150M | $162M |
| Total liabilities | $21.7M | $35.8M | $32.7M | $27.7M | $35.6M |
| Shareholders' equity | $118M | $111M | $122M | $122M | $126M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 7 | 5 / 7 | 5 / 7 | 2 / 7 | 6 / 7 | 3 / 7 | 4 / 7 | β / 6 | β / 6 |
| Accruals ratio | β13.8% | β15.1% | β2.4% | β13.9% | 0.5% | β6.7% | β39.2% | 7.8% | β12.4% | β7.6% |
| Altman Z'' | 9.56 | 9.82 | 9.87 | 9.00 | 10.97 | 9.76 | 4.75 | 6.55 | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $123M | $134M | $122M | $84.1M | $65.1M | $73.1M | $68.7M | $89.8M | $94.7M | $97.8M |
| Operating income | $34.0M | $33.9M | $35.9M | $4.6M | β$3.4M | $6.0M | β$4.9M | $6.0M | $0.8M | $5.0M |
| Pretax income | $34.0M | $33.9M | $36.5M | $9.4M | β$7.6M | $14.0M | β$5.2M | $13.4M | $4.0M | $9.7M |
| Income tax | $11.4M | $13.9M | $9.7M | $3.5M | $1.4M | $4.2M | β$0.6M | $2.9M | $1.8M | $2.6M |
| Net income | $22.6M | $20.0M | $26.8M | $5.9M | β$8.9M | $9.8M | β$4.6M | $10.6M | $2.2M | $7.1M |
| Diluted EPS | $2.77 | $2.38 | $3.13 | $0.70 | β$1.12 | $1.23 | β$0.59 | $1.17 | $0.26 | $0.79 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | $47.4M | $48.0M | $31.5M | $32.2M | β$9.8M | $19.4M | $51.5M | β$1.2M | $21.1M | $18.9M |
| Capital expenditure | $1.8M | $0.9M | $1.0M | $0.6M | $0.1M | $0.2M | $0.3M | $0.1M | $0.1M | $0.1M |
| Free cash flow | $45.6M | $47.1M | $30.5M | $31.6M | β$9.9M | $19.2M | $51.2M | β$1.3M | $21.0M | $18.8M |
| Depreciation and amortization | $2.9M | $2.9M | $2.5M | $2.6M | $2.6M | $2.4M | $2.6M | $0.7M | $0.6M | $0.5M |
| Stock-based compensation | $16.0M | $16.4M | $15.3M | $10.3M | $6.7M | $5.8M | $6.0M | $6.5M | $5.5M | $5.1M |
| Acquisitions | $0.0M | $0.0M | β | β | β | β | β$33.4M | β$0.7M | $0.0M | $0.0M |
| Share buybacks | $5.6M | $0.0M | $4.0M | $2.4M | $13.0M | $3.0M | $2.9M | $0.0M | $1.3M | $0.0M |
| Dividends paid | $19.4M | $21.9M | $24.6M | $26.1M | $11.0M | $22.9M | $5.6M | $5.5M | $5.4M | $5.4M |
| Dividends and buybacks | $25.1M | $21.9M | $28.6M | $28.5M | $24.0M | $25.9M | $8.5M | $5.5M | $6.8M | $5.4M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $90.2M | $106M | $118M | $100M | $82.6M | $80.2M | $39.2M | $53.3M | $46.5M | $47.7M |
| Current assets | $116M | $138M | $140M | $117M | $96.3M | $93.9M | $58.2M | $72.2M | β | β |
| Current liabilities | $29.7M | $31.5M | $27.1M | $21.4M | $11.8M | $15.8M | $17.6M | $18.6M | β | β |
| Property and equipment, net | $4.3M | $4.2M | $4.5M | $4.2M | $3.2M | $2.1M | $1.8M | $1.4M | $1.0M | $0.5M |
| Goodwill | $27.1M | $27.1M | $19.8M | $19.8M | $16.4M | $16.4M | $35.7M | $39.5M | $39.5M | $39.5M |
| Intangible assets | $21.4M | $19.8M | $16.0M | $15.3M | $13.5M | $11.9M | $29.0M | $24.8M | $21.7M | $18.2M |
| Total assets | $180M | $193M | $199M | $179M | $149M | $140M | $146M | $155M | $150M | $162M |
| Total liabilities | $33.6M | $36.3M | $38.0M | $30.4M | $18.4M | $21.7M | $35.8M | $32.7M | $27.7M | $35.6M |
| Shareholders' equity | $146M | $156M | $161M | $148M | $131M | $118M | $111M | $122M | $122M | $126M |
| Margins | ||||||||||
| Operating margin | 27.6% | 25.3% | 29.4% | 5.5% | β5.3% | 8.2% | β7.1% | 6.7% | 0.9% | 5.1% |
| EBITDA margin | 30.0% | 27.5% | 31.5% | 8.6% | β1.2% | 11.4% | β3.3% | 7.4% | 1.5% | 5.6% |
| Net margin | 18.4% | 14.9% | 21.9% | 7.0% | β13.7% | 13.4% | β6.7% | 11.8% | 2.3% | 7.2% |
| FCF margin | 37.0% | 35.2% | 24.9% | 37.6% | β15.1% | 26.3% | 74.5% | β1.5% | 22.2% | 19.3% |
| Returns | ||||||||||
| Return on capital employed | 22.7% | 21.0% | 20.9% | 3.0% | β2.5% | 4.8% | β3.8% | 4.4% | β | β |
| Return on equity | 15.5% | 13.2% | 16.8% | 3.8% | β6.4% | 7.9% | β4.0% | 9.1% | 1.8% | 5.7% |
| Return on assets | 12.6% | 10.7% | 13.7% | 3.1% | β5.5% | 6.8% | β3.2% | 7.0% | 1.4% | 4.5% |
| Return on tangible equity | 23.2% | 18.3% | 21.3% | 5.2% | β8.9% | 10.9% | β10.1% | 18.2% | 3.6% | 10.4% |
| Growth | ||||||||||
| Revenue growth | β | 8.7% | β8.6% | β31.3% | β22.6% | 12.2% | β6.0% | 30.7% | 5.5% | 3.2% |
| Net income growth | β | β11.7% | 33.8% | β77.9% | β251.4% | β | β147.4% | β | β79.1% | 220.1% |
| EPS growth | β | β14.1% | 31.5% | β77.6% | β260.0% | β | β148.0% | β | β77.8% | 203.8% |
| FCF growth | β | 3.4% | β35.3% | 3.6% | β131.2% | β | 166.4% | β102.6% | β | β10.4% |
| Share count change | β | 2.9% | 1.8% | β1.0% | β5.6% | β0.7% | β1.1% | 3.4% | 5.0% | 4.3% |
| Financial health | ||||||||||
| Current ratio | 3.9x | 4.4x | 5.2x | 5.5x | 8.2x | 5.9x | 3.3x | 3.9x | β | β |
| Quick ratio | 3.9x | 4.4x | 5.2x | 5.5x | 8.2x | 5.9x | 3.3x | 3.9x | β | β |
| Capital allocation | ||||||||||
| Capex / revenue | 1.5% | 0.7% | 0.8% | 0.7% | 0.1% | 0.2% | 0.5% | 0.2% | 0.1% | 0.1% |
| Stock comp / revenue | 13.0% | 12.3% | 12.5% | 12.3% | 10.3% | 8.0% | 8.7% | 7.3% | 5.8% | 5.3% |
| Payouts / FCF | 55.0% | 46.5% | 93.9% | 90.3% | β | 135.0% | 16.6% | β | 32.3% | 28.5% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 5.0 | 5.0 | 2.0 | 6.0 | 3.0 | 4.0 | β | β |
| Altman Z'' | 9.6 | 9.8 | 9.9 | 9.0 | 11.0 | 9.8 | 4.7 | 6.5 | β | β |
| Accruals ratio | β13.8% | β15.1% | β2.4% | β13.9% | 0.5% | β6.7% | β39.2% | 7.8% | β12.4% | β7.6% |
Source: SEC EDGAR XBRL filings (CIK 0001165002). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
