Westwood Hldgs Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Westwood Hldgs has an operating margin of 0.9%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 4/100, suggesting thin profitability after operating expenses. This is down from 6.7% the prior year.
Westwood Hldgs's revenue grew 5.5% year-over-year to $94.7M, a solid pace of expansion. This earns a growth score of 44/100.
Westwood Hldgs carries a low D/E ratio of 0.23, meaning only $0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Westwood Hldgs converts 22.2% of revenue into free cash flow ($21.0M). This strong cash generation earns a score of 100/100.
Westwood Hldgs generates a 1.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 7/100. This is down from 8.6% the prior year.
Westwood Hldgs passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Westwood Hldgs generates $9.55 in operating cash flow ($21.1M OCF vs $2.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Westwood Hldgs (WHG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Westwood Hldgs generated $94.7M in revenue in fiscal year 2024. This represents an increase of 5.5% from the prior year.
Westwood Hldgs's EBITDA was $5.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 48.4% from the prior year.
Westwood Hldgs generated $21.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 1677.6% from the prior year.
Westwood Hldgs reported $2.2M in net income in fiscal year 2024. This represents a decrease of 79.1% from the prior year.
Westwood Hldgs earned $0.26 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 77.8% from the prior year.
Westwood Hldgs held $18.8M in cash against $0 in long-term debt as of fiscal year 2024.
Westwood Hldgs had 9M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Westwood Hldgs's operating margin was 0.9% in fiscal year 2024, reflecting core business profitability. This is down 5.8 percentage points from the prior year.
Westwood Hldgs's net profit margin was 2.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 9.4 percentage points from the prior year.
Westwood Hldgs's ROE was 1.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.8 percentage points from the prior year.
Westwood Hldgs spent $1.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Westwood Hldgs invested $109K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 25.9% from the prior year.
WHG Income Statement
| Metric | Q3'25 | Q4'24 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M+18.7% | $20.5M-13.8% | $23.7M+22.3% | $19.4M+8.6% | $17.9M+2.2% | $17.5M-4.6% | $18.3M-5.5% | $19.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.8M-8.9% | $3.0M+1.8% | $3.0M+2.0% | $2.9M-11.1% | $3.3M+1.9% | $3.2M+6.2% | $3.0M+22.4% | $2.5M |
| Operating Income | $2.0M-21.6% | $2.6M+618.4% | -$494K-117.4% | $2.8M+295.7% | -$1.5M-139.6% | $3.7M+287.8% | $946K+124.8% | -$3.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $963K-24.4% | $1.3M+313.6% | $308K-73.6% | $1.2M+469.6% | -$316K-125.4% | $1.2M+60.3% | $776K+165.5% | -$1.2M |
| Net Income | $3.7M+219.3% | -$3.1M-2065.4% | $159K-94.3% | $2.8M+49.7% | $1.9M+93.7% | $970K-76.3% | $4.1M+45.8% | $2.8M |
| EPS (Diluted) | $0.41+202.5% | $-0.40-4100.0% | $0.01-97.2% | $0.36+50.0% | $0.24+100.0% | $0.12-76.9% | $0.52+44.4% | $0.36 |
WHG Balance Sheet
| Metric | Q3'25 | Q4'24 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $154.0M+2.7% | $150.0M-1.0% | $151.5M-2.4% | $155.2M+2.9% | $150.8M+6.1% | $142.1M+0.2% | $141.8M-3.2% | $146.4M |
| Current Assets | N/A | N/A | $68.6M-5.0% | $72.2M+9.1% | $66.2M+18.5% | $55.9M+5.8% | $52.8M-9.3% | $58.2M |
| Cash & Equivalents | $21.6M+14.6% | $18.8M-17.3% | $22.8M+11.6% | $20.4M+18.9% | $17.2M+12.8% | $15.2M-9.1% | $16.8M-29.8% | $23.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $14.6M+0.8% | $14.5M-1.0% | $14.6M+1.4% | $14.4M+9.3% | $13.2M-3.2% | $13.6M-10.4% | $15.2M+9.2% | $13.9M |
| Goodwill | $39.5M0.0% | $39.5M0.0% | $39.5M0.0% | $39.5M0.0% | $39.5M0.0% | $39.5M-1.1% | $39.9M+11.7% | $35.7M |
| Total Liabilities | $28.1M+1.5% | $27.7M-11.1% | $31.1M-4.9% | $32.7M+5.7% | $30.9M+14.6% | $27.0M-9.8% | $29.9M-16.4% | $35.8M |
| Current Liabilities | N/A | N/A | $16.2M-13.3% | $18.6M+13.0% | $16.5M+11.1% | $14.9M+12.5% | $13.2M-25.1% | $17.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $123.9M+3.0% | $120.3M-0.1% | $120.4M-1.7% | $122.4M+2.2% | $119.8M-0.6% | $120.5M-2.7% | $123.8M+1.1% | $122.4M |
| Retained Earnings | $8.5M+36.8% | $6.2M+44.6% | $4.3M-7.7% | $4.7M+110.2% | $2.2M+330.7% | -$959K+74.4% | -$3.8M+11.8% | -$4.3M |
WHG Cash Flow Statement
| Metric | Q3'25 | Q4'24 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $8.5M-4.1% | $8.9M+1583.9% | $529K-88.2% | $4.5M+352.5% | -$1.8M-146.5% | -$723K+77.3% | -$3.2M-108.8% | $36.2M |
| Capital Expenditures | $76K+1.3% | $75K+650.0% | $10K-64.3% | $28K+27.3% | $22K+69.2% | $13K-84.5% | $84K-57.4% | $197K |
| Free Cash Flow | $8.5M-4.2% | $8.8M+1601.9% | $519K-88.4% | $4.5M+347.8% | -$1.8M-145.1% | -$736K+77.4% | -$3.3M-109.1% | $36.0M |
| Investing Cash Flow | -$1.1M+65.1% | -$3.1M-30690.0% | -$10K+64.3% | -$28K-100.6% | $5.0M+1102.4% | $414K+133.1% | -$1.3M+96.3% | -$33.6M |
| Financing Cash Flow | -$1.3M+87.1% | -$9.8M-551.9% | -$1.5M-22.2% | -$1.2M+1.6% | -$1.2M-2.8% | -$1.2M+54.7% | -$2.7M-129.4% | -$1.2M |
| Dividends Paid | $1.3M+2.5% | $1.2M+0.4% | $1.2M-0.2% | $1.2M+0.6% | $1.2M+0.7% | $1.2M-34.1% | $1.8M+57.8% | $1.2M |
| Share Buybacks | $0 | $0-100.0% | $273K | $0 | $0 | $0 | $0 | $0 |
WHG Financial Ratios
| Metric | Q3'25 | Q4'24 | Q3'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 8.3%-4.3pp | 12.5%+14.6pp | -2.1%-16.7pp | 14.7%+22.8pp | -8.1%-29.1pp | 21.0%+15.8pp | 5.2%+24.8pp | -19.6% |
| Net Margin | 15.3%+30.6pp | -15.3%-16.0pp | 0.7%-13.8pp | 14.5%+4.0pp | 10.5%+5.0pp | 5.5%-16.8pp | 22.4%+7.9pp | 14.5% |
| Return on Equity | 3.0% | N/A | 0.1%-2.2pp | 2.3%+0.7pp | 1.6%+0.8pp | 0.8%-2.5pp | 3.3%+1.0pp | 2.3% |
| Return on Assets | 2.4%+4.5pp | -2.1%-2.2pp | 0.1%-1.7pp | 1.8%+0.6pp | 1.3%+0.6pp | 0.7%-2.2pp | 2.9%+1.0pp | 1.9% |
| Current Ratio | N/A | N/A | 4.24+0.4 | 3.87-0.1 | 4.01+0.2 | 3.76-0.2 | 4.00+0.7 | 3.30 |
| Debt-to-Equity | 0.230.0 | 0.23-0.0 | 0.260.0 | 0.270.0 | 0.26+0.0 | 0.22-0.0 | 0.24-0.1 | 0.29 |
| FCF Margin | 34.8%-8.3pp | 43.2%+41.0pp | 2.2%-20.9pp | 23.1%+33.2pp | -10.1%-5.9pp | -4.2%+13.6pp | -17.8%-203.3pp | 185.5% |
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Frequently Asked Questions
What is Westwood Hldgs's annual revenue?
Westwood Hldgs (WHG) reported $94.7M in total revenue for fiscal year 2024. This represents a 5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Westwood Hldgs's revenue growing?
Westwood Hldgs (WHG) revenue grew by 5.5% year-over-year, from $89.8M to $94.7M in fiscal year 2024.
Is Westwood Hldgs profitable?
Yes, Westwood Hldgs (WHG) reported a net income of $2.2M in fiscal year 2024, with a net profit margin of 2.3%.
What is Westwood Hldgs's earnings per share (EPS)?
Westwood Hldgs (WHG) reported diluted earnings per share of $0.26 for fiscal year 2024. This represents a -77.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Westwood Hldgs's EBITDA?
Westwood Hldgs (WHG) had EBITDA of $5.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Westwood Hldgs's operating margin?
Westwood Hldgs (WHG) had an operating margin of 0.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Westwood Hldgs's net profit margin?
Westwood Hldgs (WHG) had a net profit margin of 2.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Westwood Hldgs's return on equity (ROE)?
Westwood Hldgs (WHG) has a return on equity of 1.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Westwood Hldgs's free cash flow?
Westwood Hldgs (WHG) generated $21.0M in free cash flow during fiscal year 2024. This represents a 1677.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Westwood Hldgs's operating cash flow?
Westwood Hldgs (WHG) generated $21.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Westwood Hldgs's total assets?
Westwood Hldgs (WHG) had $150.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Westwood Hldgs's capital expenditures?
Westwood Hldgs (WHG) invested $109K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Westwood Hldgs buy back shares?
Yes, Westwood Hldgs (WHG) spent $1.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Westwood Hldgs have outstanding?
Westwood Hldgs (WHG) had 9M shares outstanding as of fiscal year 2024.
What is Westwood Hldgs's debt-to-equity ratio?
Westwood Hldgs (WHG) had a debt-to-equity ratio of 0.23 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Westwood Hldgs's return on assets (ROA)?
Westwood Hldgs (WHG) had a return on assets of 1.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Westwood Hldgs's Piotroski F-Score?
Westwood Hldgs (WHG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Westwood Hldgs's earnings high quality?
Westwood Hldgs (WHG) has an earnings quality ratio of 9.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Westwood Hldgs?
Westwood Hldgs (WHG) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.