Loading…
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 | 7.9% | 30.7% | -305.7% |
| 2022 | $69M | $5M | $-5M | $51M | -4.2% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 68.68 | 89.78 | 94.72 | 97.76 |
| Operating Revenue | - | 69.39 | 89.25 | 93.05 | 97.42 |
| 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 |
| Selling General And Administration | - | 16.42 | 20.63 | 20.08 | 20.95 |
| Total Expenses | - | 66.46 | 86.34 | 89.01 | 92.79 |
| Operating Income | - | 2.22 | 3.45 | 5.71 | 4.97 |
| Total Operating Income As Reported | - | -4.87 | 6 | 0.83 | 4.97 |
| EBITDA | - | 4.80 | 8.26 | 10.46 | 9.42 |
| Normalized EBITDA | - | 13.12 | 4.51 | 13.16 | 5.83 |
| EBIT | - | 2.22 | 3.45 | 5.71 | 4.97 |
| Other Non Operating Income Expenses | - | 0.91 | 6.24 | 1 | 1.12 |
| Other Income Expense | - | -7.42 | 10 | -1.70 | 4.70 |
| Pretax Income | - | -5.20 | 13.44 | 4.01 | 9.68 |
| Tax Provision | - | -0.57 | 2.87 | 1.80 | 2.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.91 | 0.87 | -0.57 | 0.96 |
| Net Income Continuous Operations | - | -4.63 | 10.57 | 2.21 | 7.08 |
| Net Income From Continuing And Discontinued Operation | - | -4.63 | 9.52 | 2.22 | 7.06 |
| Net Income From Continuing Operation Net Minority Interest | - | -4.63 | 9.52 | 2.22 | 7.06 |
| Net Income | - | -4.63 | 9.52 | 2.22 | 7.06 |
| Net Income Common Stockholders | - | -4.63 | 9.52 | 2.22 | 7.06 |
| Net Income Including Noncontrolling Interests | - | -4.63 | 10.57 | 2.21 | 7.08 |
| Normalized Income | - | 2.79 | 6.63 | 4.35 | 4.44 |
| Diluted NI Availto Com Stockholders | - | -4.63 | 9.52 | 2.22 | 7.06 |
| Basic Average Shares | - | 7.84 | 7.96 | 8.16 | 8.37 |
| Diluted Average Shares | - | 7.84 | 8.11 | 8.52 | 8.89 |
| Reconciled Depreciation | - | 2.58 | 4.82 | 4.75 | 4.45 |
| Reconciled Cost Of Revenue | - | 40.12 | 52.92 | 56.01 | 56.69 |
| Total Unusual Items | - | -8.32 | 3.76 | -2.70 | 3.59 |
| Total Unusual Items Excluding Goodwill | - | -8.32 | 3.76 | -2.70 | 3.59 |
| Minority Interests | - | - | -1.05 | 0 | -0.02 |
| Special Income Charges | - | -7.09 | 2.56 | -4.88 | 0 |
| Impairment Of Capital Assets | 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 |
| General And Administrative Expense | - | 14.41 | 17.64 | 17.42 | 18.21 |
| Other Gand A | - | 14.41 | 17.64 | 17.42 | 18.21 |
| Other Operating Expenses | - | 9.92 | 12.78 | 12.92 | 15.15 |
| Selling And Marketing Expense | - | 2 | 2.99 | 2.67 | 2.74 |
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 | $161M | 22.75↑ premium | 1.28 | 5.6% | 15.34 |
| Finance of America Companies Inc. | FOA | $179M | 3.98 | 0.55 | 13.9% | - |
| SelectQuote, Inc. | SLQT | $176M | 3.69 | 0.50 | 13.5% | 3.77 |
| Landmark Bancorp, Inc. | LARK | $175M | 9.30 | 1.09 | 11.7% | - |
| BV Financial, Inc. | BVFL |
| - |
| - |
| - |
| - |
| - |
| - |
| $174M |
| 12.90 |
| 0.95 |
| 7.3% |
| - |
| CB Financial Services, Inc. | CBFV | $174M | 35.48 | 1.10 | 3.1% | - |
| MainStreet Bancshares, Inc. | MNSB | $166M | 12.33 | 0.76 | 6.2% | - |
| ECB Bancorp, Inc. | ECBK | $158M | 20.35 | 0.92 | 4.5% | - |
| Richmond Mutual Bancorporation, Inc. | RMBI | $142M | 12.27 | 0.97 | 7.9% | - |
| Peer Median | - | 12.30 | 0.93 | 7.6% | 3.77 | |