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Westwood Holdings Group, Inc., through its subsidiaries, manages investment assets and provides services for its clients. The company operates in two segments, Advisory and Trust. The Advisory segment provides investment advisory services to corporate retirement plans, public retirement plans, endowments, foundations, individuals, and the Westwood Funds; and investment sub-advisory services to mutual funds, pooled investment vehicles, and its Trust segment. The Trust segment offers trust and custodial services; and participates in common trust funds that it sponsors to institutions and high net worth individuals. Westwood Holdings Group, Inc. was founded in 1983 and is based in Dallas, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $98M | $9M | $7M | $18M | 5.6% | 3.2% | 218.6% |
| 2024 | $95M | $10M | $2M | $20M | 1.8% | 5.5% | -76.7% |
| 2023 | $90M | $8M | $10M | $-1M | 7.8% | 30.7% | - |
| 2022 | $69M | $5M | $-5M | $51M | -4.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 68.68 | 89.78 | 94.72 | 97.76 |
| Cost Of Revenue | 40.12 | 52.92 | 56.01 | 56.69 |
| Gross Profit | 28.56 | 36.86 | 38.71 | 41.08 |
| Operating Expense | 26.34 | 33.42 | 33 | 36.10 |
| Operating Income | 2.22 | 3.45 | 5.71 | 4.97 |
| EBITDA | 4.80 | 8.27 | 10.46 | 9.42 |
| EBIT | 2.22 | 3.45 | 5.71 | 4.97 |
| Pretax Income | -5.20 | 13.44 | 4.01 | 9.68 |
| Tax Provision | -0.57 | 2.87 | 1.80 | 2.60 |
| Net Income | -4.63 | 9.52 | 2.21 | 7.06 |
| Net Income Common Stockholders | -4.63 | 9.52 | 2.21 | 7.06 |
| Total Expenses | 66.46 | 86.33 | 89.01 | 92.79 |
| Selling General And Administration | 16.42 | 20.63 | 20.08 | 20.95 |
| Normalized EBITDA | 13.12 | 4.51 | 13.16 | 5.83 |
| Normalized Income | 2.79 | 6.63 | 4.35 | 4.44 |
| Basic EPS | -0.59 | 1.33 | 0.27 | 0 |
| Diluted EPS | -0.59 | 1.30 | 0.26 | 0 |
| Tax Effect Of Unusual Items | -0.91 | 0.87 | -0.57 | 0.96 |
| Tax Rate For Calcs | 0.11 | 0.23 | 0.21 | 0.27 |
| Total Unusual Items | -8.32 | 3.76 | -2.70 | 3.59 |
| Total Unusual Items Excluding Goodwill | -8.32 | 3.76 | -2.70 | 3.59 |
| Net Income From Continuing Operation Net Minority Interest | -4.63 | 9.52 | 2.21 | 7.06 |
| Reconciled Depreciation | 2.58 | 4.82 | 4.75 | 4.45 |
| Reconciled Cost Of Revenue | 40.12 | 52.92 | 56.01 | 56.69 |
| Net Income From Continuing And Discontinued Operation | -4.63 | 9.52 | 2.21 | 7.06 |
| Total Operating Income As Reported | -4.87 | 6 | 0.83 | 4.97 |
| Diluted Average Shares | 7.84 | 8.11 | 8.52 | 0 |
| Basic Average Shares | 7.84 | 7.96 | 8.16 | 0 |
| Diluted NI Availto Com Stockholders | -4.63 | 9.52 | 2.21 | 7.06 |
| Minority Interests | 0 | -1.05 | 0 | -0.02 |
| Net Income Including Noncontrolling Interests | -4.63 | 10.57 | 2.21 | 7.08 |
| Net Income Continuous Operations | -4.63 | 10.57 | 2.21 | 7.08 |
| Other Income Expense | -7.42 | 10 | -1.70 | 4.70 |
| Other Non Operating Income Expenses | 0.91 | 6.24 | 1 | 1.12 |
| Special Income Charges | -7.09 | 2.56 | -4.88 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 7.09 | -2.56 | 4.88 | 0 |
| Gain On Sale Of Security | -1.23 | 1.20 | 2.18 | 3.59 |
| Other Operating Expenses | 9.92 | 12.78 | 12.92 | 15.15 |
| Selling And Marketing Expense | 2 | 2.99 | 2.67 | 2.74 |
| General And Administrative Expense | 14.41 | 17.64 | 17.41 | 18.21 |
| Other Gand A | 14.41 | 17.64 | 17.41 | 18.21 |
| Operating Revenue | 69.39 | 89.25 | 93.05 | 97.42 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Westwood Holdings Group, Inc.this co. | WHG | $159M | 21.19↑ premium | 1.12 | 5.6% | 11.63 |
| BV Financial, Inc. | BVFL | $172M | 14.55 | 853.91 | 7.3% | - |
| Landmark Bancorp, Inc. | LARK | $167M | 8.93 | 1.04 | 11.7% | - |
| Finance of America Companies Inc. | FOA | $166M | 4.91 | 0.47 | 11.4% | - |
| SelectQuote, Inc. | SLQT |
| $163M |
| - |
| 0.45 |
| 8.3% |
| 14.41 |
| ECB Bancorp, Inc. | ECBK | $159M | 15.62 | 0.90 | 4.5% | - |
| Patriot National Bancorp, Inc. | PNBK | $153M | - | 1.49 | -13.4% | - |
| Richmond Mutual Bancorporation, Inc. | RMBI | $152M | 12.48 | 1.04 | 7.9% | - |
| SR Bancorp, Inc. | SRBK | $144M | 33.09 | 0.77 | 2.7% | - |
| Peer Median | - | 13.51 | 0.97 | 7.6% | 14.41 | |