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WHG

Westwood Holdings Group, Inc.

WHG

Westwood Holdings Group, Inc. • NYSE
$16.94 ▲ 0.12% (+0.02)
Market Cap $159.37 M
52w High $18.97
52w Low $13.49
Dividend Yield 0.60%
P/E 20.41
Volume 4.49K
Outstanding Shares 9.41M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $24.289M ▲ $8.994M ▲ $3.699M ▲ 15.229% ▲ $0.44 ▲ $3.189M ▲
Q2-2025 $23.12M ▼ $8.78M ▼ $1.019M ▲ 4.407% ▲ $0.12 ▲ $2.03M ▲
Q1-2025 $23.252M ▼ $8.819M ▼ $477K ▼ 2.051% ▼ $0.058 ▼ $1.109M ▼
Q4-2024 $25.582M ▲ $8.931M ▼ $2.057M ▲ 8.041% ▲ $0.25 ▲ $5.18M ▲
Q3-2024 $23.719M $10.641M $159K 0.67% $0.013 $2.479M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $21.604M ▼ $154.046M ▲ $28.067M ▲ $123.898M ▲
Q2-2025 $33.225M ▲ $146.279M ▲ $23.921M ▲ $120.306M ▲
Q1-2025 $27.03M ▼ $134.988M ▼ $13.602M ▼ $119.346M ▼
Q4-2024 $46.541M ▼ $149.989M ▼ $27.657M ▼ $120.291M ▲
Q3-2024 $48.312M $151.501M $31.117M $118.385M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.729M ▲ $8.539M ▲ $-1.076M ▼ $-1.262M ▲ $6.201M ▲ $8.463M ▲
Q2-2025 $1.031M ▲ $7.303M ▲ $-37K ▲ $-1.281M ▲ $5.985M ▲ $7.266M ▲
Q1-2025 $477K ▼ $-4.9M ▼ $-1.418M ▲ $-3.111M ▲ $-9.429M ▼ $-4.906M ▼
Q4-2024 $2.099M ▲ $8.908M ▼ $-3.079M ▲ $-9.772M ▼ $-3.943M ▼ $7.829M ▼
Q3-2024 $159K $11.959M $-11.44M $-1.499M $-980K $13.449M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Investment Advisory Services
Investment Advisory Services
 $0 ▲$20.00M ▲$20.00M ▲$20.00M ▲
Trust Fee
Trust Fee
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Asset Management
Asset Management
 $20.00M ▲$0 ▼$0 ▲$0 ▲
Fiduciary and Trust
Fiduciary and Trust
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Westwood’s revenue has been fairly flat over the past several years, reflecting a steady but not fast‑growing asset base. Profitability has been thin and somewhat choppy, with years of modest profit mixed with small losses. This pattern suggests a business that is very sensitive to market conditions, fee levels, and operating efficiency. Recent years show a tilt back toward profitability, but earnings per share have swung around enough to highlight that results can vary meaningfully from year to year.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively simple. The company carries very little debt and maintains a solid equity cushion, which points to a cautious funding approach and low financial risk. Asset levels have been stable rather than rapidly expanding, indicating measured growth and an “asset‑light” model typical of investment managers. Overall, the balance sheet supports resilience but does not signal aggressive expansion.

Cash Flow

Cash Flow Cash generation is generally positive, though not consistently strong every year. Operating cash flow and free cash flow tend to move closely together because the business requires minimal capital spending, which is typical for a firm that relies more on people and systems than on physical assets. There have been occasional weak years, but the overall picture is of a business that can usually fund itself and its dividends or buybacks from internal cash, as long as markets and client assets cooperate.

Competitive Edge

Competitive Edge Westwood operates as a boutique asset and wealth manager, competing against much larger global firms and low‑cost index providers. Its edge appears to come from a client‑centric culture, meaningful employee ownership, and a risk‑aware investment philosophy that emphasizes downside protection. The acquisition of real assets and energy‑focused strategies, along with capabilities in alternatives, gives it more specialized offerings than a plain‑vanilla equity shop. The flip side is that its smaller scale and reliance on active management leave it exposed to fee pressure and the ongoing shift toward passive products, so maintaining performance and client relationships is critical.

Innovation and R&D

Innovation and R&D Instead of traditional R&D, Westwood is investing heavily in technology and product innovation. The moves to modern cloud‑based platforms with InvestCloud and Ridgeline are aimed at streamlining operations, improving data and reporting, and enabling scalable growth, including more sophisticated products like direct indexing. On the product side, the firm is pushing into actively managed ETFs, covered call energy strategies, customized ESG and tax‑managed portfolios, and broader solution‑based offerings. These initiatives position Westwood as more digitally enabled and flexible, but they also require strong execution and ongoing investment to fully pay off.

Summary

Westwood is a small, specialized asset manager with a conservative balance sheet, modest but uneven profitability, and generally adequate cash generation. Its main opportunities lie in leveraging new technology platforms, expanding its ETF and customized solutions lineup, and deepening its niche in real assets and energy‑related strategies. Key risks include earnings volatility tied to markets, competitive pressure from larger managers and passive funds, and the need to successfully execute its digital and product expansion. Overall, the company looks financially stable and strategically active, but its future path depends heavily on asset growth, investment performance, and how well it converts its technology and innovation efforts into durable client demand.

NEWS

October 30, 2025 · 4:10 PM UTC

Westwood Holdings Group, Inc. Reports Third Quarter 2025 Results

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October 29, 2025 · 3:00 PM UTC

Westwood One Names Armen Williams Executive Director of 24/7 Sports Programming

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October 27, 2025 · 8:00 AM UTC

WEBs Investments Announces Name Changes for Defined Volatility℠ ETFs

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October 17, 2025 · 8:00 AM UTC

Westwood Holdings Group, Inc. to Host Third Quarter 2025 Conference Call/Webcast

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October 2, 2025 · 8:00 AM UTC

Westwood Announces Monthly Income Distributions for Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI)

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