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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›WHG›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

WESTWOOD HOLDINGS GROUP INC (WHG) financials

Income statement

WESTWOOD HOLDINGS GROUP INC (WHG) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$123M$134M$122M$84.1M$65.1M$73.1M$68.7M$89.8M$94.7M$97.8M
Revenue growth—8.7%-8.6%-31.3%-22.6%12.2%-6.0%30.7%5.5%3.2%
Operating income$34.0M$33.9M$35.9M$4.64M-$3.45M$5.96M-$4.87M$6.00M$830K$4.97M
Operating margin27.6%25.3%29.4%5.5%-5.3%8.2%-7.1%6.7%0.9%5.1%
Net income$22.6M$20.0M$26.8M$5.91M-$8.95M$9.76M-$4.63M$10.6M$2.21M$7.08M
Net margin18.4%14.9%21.9%7.0%-13.7%13.4%-6.7%11.8%2.3%7.2%
EPS (diluted)$2.77$2.38$3.13$0.70-$1.12$1.23-$0.59$1.17$0.26$0.79

Cash flow

WESTWOOD HOLDINGS GROUP INC (WHG) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$47.4M$48.0M$31.5M$32.2M-$9.77M$19.4M$51.5M-$1.19M$21.1M$18.9M
Capital expenditures$1.82M$884K$991K$593K$93.0K$178K$320K$147K$109K$86.0K
Free cash flow$45.6M$47.1M$30.5M$31.6M-$9.86M$19.2M$51.2M-$1.33M$21.0M$18.8M
Share buybacks$5.63M$0.00$4.00M$2.41M$13.0M$2.99M$2.85M$0.00$1.35M$0.00
Dividends paid$19.4M$21.9M$24.6M$26.1M$11.0M$22.9M$5.63M$5.50M$5.44M$5.37M

Balance sheet

WESTWOOD HOLDINGS GROUP INC (WHG) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$33.7M$54.2M$52.4M$49.8M$13.0M$15.2M$23.9M$20.4M$18.8M$26.2M
Total assets$180M$193M$199M$179M$149M$140M$146M$155M$150M$162M
Total liabilities$33.6M$36.3M$38.0M$30.4M$18.4M$21.7M$35.8M$32.7M$27.7M$35.6M
Shareholders' equity$146M$156M$161M$148M$131M$118M$111M$120M$120M$126M
Retained earnings$31.9M$28.6M$30.5M$11.0M-$1.70M$4.36M-$4.25M$4.65M$6.21M$8.98M
Shares (wtd avg diluted)8.17M8.40M8.55M8.46M7.99M7.93M7.84M8.11M8.52M8.89M

Every figure is extracted from WESTWOOD HOLDINGS GROUP INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is WESTWOOD HOLDINGS GROUP INC's annual revenue?
WESTWOOD HOLDINGS GROUP INC (WHG) reported $97.8M of revenue for fiscal year 2025 — up 3.2% from $94.7M in FY2024, per its annual report filed with the SEC.
Is WESTWOOD HOLDINGS GROUP INC profitable?
Yes — WHG earned $7.08M of net income in FY2025, a 7.2% net margin, per SEC filings.
What is WESTWOOD HOLDINGS GROUP INC's free cash flow?
$18.8M in FY2025 (operating cash flow $18.9M minus $86.0K of capital expenditures), from the SEC cash-flow statement.
Does WHG pay a dividend?
Yes — WESTWOOD HOLDINGS GROUP INC paid $5.37M in cash dividends during FY2025, per its SEC cash-flow statement.
Full WHG analysis — verdict, score & filings →Is WHG a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.