WHGNYSEInvestment AdviceFiscal year ends December 31
WESTWOOD HOLDINGS GROUP INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$18.74+0.11 (+0.59%)
Close on Oct 19, 2026
- Market cap
- $170.16M
- P/E (TTM)
- 23.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
5.1%+10.4 pts over 5 years
Net margin
7.2%+21.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.2% | +12.5% | +8.5% | -2.9% | |
| Operating income | +499.2% | – | – | – | |
| Net income | +220.1% | – | – | -12.6% | |
| EPS, diluted | +203.8% | – | – | -13.4% | |
| Free cash flow | -10.4% | -28.3% | – | -10.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.2% | -6.4% | 5.7% | |
| Return on assets | 12.5% | -5.5% | 4.5% | |
| Current ratio | 3.91 | 8.17 | – | |
| Capex to revenue | 1.5% | 0.1% | 0.1% | |
| Diluted shares | 8M | 8M | 9M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Westwood Holdings generated $112.10M from operations and spent $52.89M on capital expenditure, dividends and share buybacks. 2% of that went back into the business.
Generated
$112.10M
Used
$52.89M
Capital expenditure$840.00K2%Dividends$44.86M85%Share buybacks$7.19M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.2%
×Asset turnover0.63×
×Equity multiplier1.26×
=Return on equity, FY20255.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.2% | 0.63× | 1.26× | 5.7% |
| FY2024 | 2.3% | 0.62× | 1.25× | 1.8% |
| FY2023 | 11.8% | 0.60× | 1.29× | 9.1% |
| FY2022 | -6.7% | 0.48× | 1.25× | -4.0% |
| FY2021 | 13.4% | 0.51× | 1.16× | 7.9% |
| FY2020 | -13.7% | 0.40× | 1.18× | -6.4% |
| FY2019 | 7.0% | 0.44× | 1.22× | 3.8% |
| FY2018 | 21.9% | 0.62× | 1.23× | 16.8% |
| FY2017 | 14.9% | 0.72× | 1.23× | 13.2% |
| FY2016 | 18.4% | 0.68× | 1.29× | 16.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$7.08M
- Cash generatingOperating cash flow above zero$18.92M
- Return on assets improvedROA up on the prior year1.4% → 4.7%
- Earnings backed by cashOperating cash flow above net income$18.92M vs $7.08M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise9M → 9M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.61 → 0.65