Cash flow Westwood Holdings Group, Inc.

Stocks

WHG

US9617651040

Investment Management & Fund Operators

Market Closed - NYSE Other stock markets 01:30:02 17/07/2026 am IST			5-day change	1st Jan Change
20.00 ^USD	+0.35%		+3.04%	+16.21%

30/06	Westwood Holdings Group, Inc.(NYSE:WHG) dropped from Russell 2000 Dynamic Index	CI
01/05	Westwood Holdings Group, Inc., Q1 2026 Earnings Call, Apr 30, 2026

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Published financial data: WESTWOOD HOLDINGS GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	7.34Cr	6.94Cr	8.92Cr	9.31Cr	9.74Cr
Gain (Loss) on Sale of Investment, Total (Rev)	8L	-24.93L	13.08L	11.41L	6L
Interest And Invest. Income (Rev)	8L	5L	7L	9L	10.45L
Other Revenues, Total	-18.42L	12.81L	-14.75L	-4L	-13.35L
Total Revenues	7.31Cr	6.87Cr	8.98Cr	9.47Cr	9.78Cr
Cost of Goods Sold, Total	4.25Cr	4.01Cr	5.29Cr	5.6Cr	5.67Cr
Gross Profit	3.05Cr	2.86Cr	3.69Cr	3.87Cr	4.11Cr
Selling General & Admin Expenses, Total	2.46Cr	2.63Cr	3.34Cr	3.3Cr	3.61Cr
Other Operating Expenses, Total	2.46Cr	2.63Cr	3.34Cr	3.3Cr	3.61Cr
Operating Income	59.59L	22.2L	34.46L	57.11L	49.73L
Interest And Investment Income	9L	3L	11.91L	21.83L	16.55L
Net Interest Expenses	9L	3L	11.91L	21.83L	16.55L
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	6L	9L	62.41L	10.02L	11.17L
EBT, Excl. Unusual Items	74.29L	33.93L	1.09Cr	88.96L	77.45L
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-	-70.93L	-2L	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	65.74L	-14.95L	6T	-	19.32L
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	27.68L	-48.81L	-
EBT, Incl. Unusual Items	1.4Cr	-51.95L	1.34Cr	40.15L	96.77L
Income Tax Expense	42.4L	-6L	28.72L	18.04L	26L
Earnings From Continuing Operations	97.63L	-46.28L	1.06Cr	22.11L	70.77L
Net Income to Company	97.63L	-46.28L	1.06Cr	22.11L	70.77L
Minority Interest	-	-	-10.51L	4T	-19T
Net Income - (IS)	97.63L	-46.28L	95.2L	22.15L	70.58L
Net Income to Common Incl Extra Items	97.63L	-46.28L	95.2L	22.15L	70.58L
Net Income to Common Excl. Extra Items	97.63L	-46.28L	95.2L	22.15L	70.58L
Per Share Items
Net EPS - Basic	1.24	-0.59	1.2	0.27	0.84
Basic EPS - Continuing Operations	1.24	-0.59	1.2	0.27	0.84
Basic Weighted Average Shares Outstanding	78.75L	78.44L	79.64L	81.63L	83.74L
Net EPS - Diluted	1.23	-0.59	1.17	0.26	0.79
Diluted EPS - Continuing Operations	1.23	-0.59	1.17	0.26	0.79
Diluted Weighted Average Shares Outstanding	79.28L	78.44L	81.12L	85.16L	88.86L
Normalized Basic EPS	0.59	0.27	0.72	0.68	0.58
Normalized Diluted EPS	0.59	0.27	0.71	0.65	0.54
Dividend Per Share	0.45	0.6	0.6	0.6	0.6
Payout Ratio	234.89	-121.54	57.79	245.6	76.01
Supplemental Items
EBITDA	83.33L	47.96L	82.65L	1.05Cr	94.19L
EBITA	75.83L	41.09L	75.95L	98.59L	89.18L
EBIT	59.59L	22.2L	34.46L	57.11L	49.73L
EBITDAR	93.86L	57.07L	89.15L	1.11Cr	1.02Cr
Total Revenues (As Reported)	7.31Cr	6.87Cr	8.98Cr	9.47Cr	9.78Cr
Effective Tax Rate - (Ratio)	30.28	10.91	21.36	44.93	26.87
Current Domestic Taxes	38.38L	3L	18.36L	33.22L	28.08L
Current Foreign Taxes	-2L	98T	-	-	-
Total Current Taxes	36.2L	3L	18.36L	33.22L	28.08L
Deferred Domestic Taxes	5L	-9L	10.36L	-15.18L	-2L
Deferred Foreign Taxes	1L	16T	-	-	-
Total Deferred Taxes	6L	-9L	10.36L	-15.18L	-2L
Normalized Net Income	46.43L	21.21L	57.48L	55.64L	48.22L
Supplemental Operating Expense Items
Selling and Marketing Expenses	12.8L	20.03L	29.9L	26.68L	27.44L
General and Administrative Expenses	1.9Cr	2.05Cr	2.58Cr	2.56Cr	2.74Cr
Net Rental Expense, Total	10.53L	9L	6L	6L	8L
Stock-Based Comp., COGS (Total)	58.34L	60.01L	65.18L	55.37L	51.48L
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	58.34L	60.01L	65.18L	55.37L	51.48L

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.52Cr	2.39Cr	2.04Cr	1.88Cr	2.62Cr
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	6.5Cr	1.53Cr	3.27Cr	2.57Cr	1.79Cr
Total Cash And Short Term Investments	8.02Cr	3.92Cr	5.31Cr	4.46Cr	4.41Cr
Accounts Receivable, Total	1.13Cr	1.39Cr	1.44Cr	1.45Cr	1.68Cr
Other Receivables	2L	4L	2L	3L	-
Total Receivables	1.15Cr	1.43Cr	1.46Cr	1.47Cr	1.68Cr
Other Current Assets, Total	21.06L	46.45L	45.43L	-	-
Total Current Assets	9.39Cr	5.82Cr	7.22Cr	5.93Cr	6.09Cr
Gross Property Plant And Equipment	1.56Cr	1.6Cr	1.52Cr	1.19Cr	1.92Cr
Accumulated Depreciation	-86.37L	-91.96L	-1.01Cr	-84.24L	-89.52L
Net Property Plant And Equipment	69.82L	68.04L	51.17L	35.1L	1.02Cr
Long-term Investments	89.68L	1.41Cr	1.18Cr	1.69Cr	2.35Cr
Goodwill	1.64Cr	3.57Cr	3.95Cr	3.95Cr	3.95Cr
Other Intangibles, Total	1.19Cr	2.9Cr	2.48Cr	2.17Cr	1.82Cr
Deferred Tax Assets Long-Term	8L	17.62L	7L	22.44L	24.52L
Other Long-Term Assets, Total	6L	9L	10.1L	67.8L	75.01L
Total Assets	14Cr	15Cr	16Cr	15Cr	16Cr
Liabilities
Accounts Payable, Total	22.37L	52.78L	46.3L	64.13L	75.84L
Accrued Expenses, Total	99.3L	90.89L	1.1Cr	1.09Cr	1.36Cr
Current Portion of Leases	14.09L	15.02L	12.86L	31.97L	-
Current Income Taxes Payable	5L	-	-	-	14.93L
Other Current Liabilities	18L	17.45L	16.92L	24.66L	27.01L
Total Current Liabilities	1.58Cr	1.76Cr	1.86Cr	2.3Cr	2.54Cr
Long-Term Leases	47.24L	45.63L	32.66L	-	1.02Cr
Other Non Current Liabilities	11.33L	1.36Cr	1.08Cr	46.57L	-
Total Liabilities	2.17Cr	3.58Cr	3.27Cr	2.77Cr	3.56Cr
Common Stock, Total	1L	1L	1L	1L	1L
Additional Paid In Capital	20Cr	20Cr	20Cr	20Cr	21Cr
Retained Earnings	43.62L	-42.53L	46.5L	62.07L	89.83L
Treasury Stock	-8.18Cr	-8.51Cr	-8.6Cr	-8.83Cr	-8.96Cr
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	12Cr	11Cr	12Cr	12Cr	13Cr
Minority Interest	-	-	20.45L	20.41L	11.08L
Total Equity	12Cr	11Cr	12Cr	12Cr	13Cr
Total Liabilities And Equity	14Cr	15Cr	16Cr	15Cr	16Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	78.18L	81.42L	79.3L	83.08L	85.09L
ECS Total Common Shares Outstanding	78.21L	77.78L	80.08L	81.63L	84.18L
Book Value / Share	15.08	14.23	15.04	14.74	14.92
Tangible Book Value	8.96Cr	4.6Cr	5.61Cr	5.91Cr	6.79Cr
Tangible Book Value Per Share	11.46	5.91	7.01	7.24	8.07
Total Debt	61.33L	60.65L	45.52L	31.97L	1.02Cr
Net Debt	-7.41Cr	-3.31Cr	-4.85Cr	-4.14Cr	-3.4Cr
Debt Equivalent Oper. Leases	84.24L	72.88L	52L	47.68L	64.08L
Minority Interest, Total (Incl. Fin. Div)	-	-	20.45L	20.41L	11.08L
Equity Method Investments, Total	-	65.74L	42.84L	42.5L	43.03L
Account Code - Inventory Valuation	-	-	-	3	3
Machinery, Total	57.95L	61.03L	63.49L	42.39L	43.22L
Full Time Employees	130	152	145	151	148

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	97.63L	-46.28L	1.06Cr	22.15L	70.58L
Depreciation & Amortization - CF	8L	7L	7L	6L	5L
Amortization of Goodwill and Intangible Assets - (CF)	16.24L	18.89L	41.49L	41.48L	39.45L
Depreciation & Amortization, Total	23.74L	25.76L	48.19L	47.5L	44.46L
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-1L	-	69T	-	-
(Gain) Loss on Sale of Investments - (CF)	-65.26L	21.36L	-8L	-8L	43.91L
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	58.35L	60.01L	65.18L	55.37L	51.48L
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	18.55L	2L	-57.48L	44.74L	-36.16L
Change in Trading Asset Securities	45.13L	4.9Cr	-1.66Cr	60.46L	-
Change In Accounts Receivable	-17.02L	-3L	1L	-59T	-22.98L
Change In Accounts Payable	10.09L	12.51L	-4L	3L	11.71L
Change In Income Taxes	17.5L	-7L	2L	-90T	17.88L
Change in Other Net Operating Assets	7L	-40.17L	1L	-12.44L	8L
Cash from Operations	1.94Cr	5.15Cr	-11.85L	2.11Cr	1.89Cr
Capital Expenditure	-2L	-3L	-1L	-1L	-86T
Sale of Property, Plant, and Equipment	5L	-	-	-	-
Cash Acquisitions	-	-3.34Cr	-7L	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-10.04L	-4L
Investment in Marketable and Equity Securities, Total	92.43L	-	-	-35L	-31.31L
Other Investing Activities, Total	-	-	50L	-	-
Cash from Investing	95.66L	-3.37Cr	41.12L	-46.13L	-36.66L
Repurchase of Common Stock	-38.74L	-34.78L	-9L	-22.87L	-13.35L
Common Dividends Paid	-2.29Cr	-56.25L	-55.02L	-54.4L	-53.65L
Common & Preferred Stock Dividends Paid	-2.29Cr	-56.25L	-55.02L	-54.4L	-53.65L
Other Financing Activities, Total	-	-	-	-1.04Cr	-11.54L
Cash from Financing	-2.68Cr	-91.03L	-63.64L	-1.81Cr	-78.54L
Foreign Exchange Rate Adjustments	45T	5T	-	-	-
Net Change in Cash	21.9L	86.53L	-34.37L	-15.75L	74.02L
Supplemental Items
Cash Income Tax Paid (Refund)	18.58L	18.58L	15.94L	34.31L	10.19L
Levered Free Cash Flow	1.62Cr	59.64L	1.44Cr	1.44Cr	1.58Cr
Unlevered Free Cash Flow	1.62Cr	59.64L	1.44Cr	1.44Cr	1.58Cr
Change In Net Working Capital	-44.82L	36.81L	-10.98L	-16.18L	-35.98L

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.58	0.97	1.43	2.34	1.99
Return on Total Capital	2.84	1.15	1.77	2.83	2.37
Return On Equity %	7.85	-4.05	9.07	1.81	5.68
Return on Common Equity	7.85	-4.05	8.24	1.84	5.74
Margin Analysis
Gross Profit Margin %	41.78	41.58	41.06	40.87	42.02
SG&A Margin	33.62	38.35	37.22	34.84	36.93
EBITDA Margin %	11.41	6.98	9.21	11.04	9.63
EBITA Margin %	10.38	5.98	8.46	10.41	9.12
EBIT Margin %	8.16	3.23	3.84	6.03	5.09
Income From Continuing Operations Margin %	13.36	-6.74	11.77	2.33	7.24
Net Income Margin %	13.36	-6.74	10.6	2.34	7.22
Net Avail. For Common Margin %	13.36	-6.74	10.6	2.34	7.22
Normalized Net Income Margin	6.36	3.09	6.4	5.87	4.93
Levered Free Cash Flow Margin	22.23	8.68	16.09	15.16	16.13
Unlevered Free Cash Flow Margin	22.23	8.68	16.09	15.16	16.13
Asset Turnover
Asset Turnover	0.51	0.48	0.6	0.62	0.63
Fixed Assets Turnover	8.98	9.96	15.06	21.96	14.25
Receivables Turnover (Average Receivables)	6.93	5.54	6.31	6.45	6.24
Short Term Liquidity
Current Ratio	5.92	3.3	3.87	2.58	2.4
Quick Ratio	5.79	3.04	3.63	2.58	2.4
Operating Cash Flow to Current Liabilities	1.22	2.92	-0.06	0.92	0.74
Days Sales Outstanding (Average Receivables)	52.64	65.89	57.86	56.73	58.46
Average Days Payable Outstanding	16.58	36	32.1	40.98	45.06
Long Term Solvency
Total Debt/Equity	5.2	5.48	3.72	2.61	8.03
Total Debt / Total Capital	4.94	5.2	3.58	2.55	7.43
LT Debt/Equity	4.01	4.12	2.67	-	8.03
Long-Term Debt / Total Capital	3.81	3.91	2.57	-	7.43
Total Liabilities / Total Assets	15.54	24.43	21.09	18.44	21.92
Total Debt / EBITDA	0.65	1.06	0.51	0.29	1
Net Debt / EBITDA	-7.89	-5.81	-5.45	-3.74	-3.32
Total Debt / (EBITDA - Capex)	0.67	1.13	0.52	0.29	1
Net Debt / (EBITDA - Capex)	-8.05	-6.15	-5.54	-3.78	-3.35
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	12.2	-5.99	30.72	5.5	3.21
Gross Profit, 1 Yr. Growth %	32.88	-6.44	29.09	5.01	6.11
EBITDA, 1 Yr. Growth %	489.32	-42.45	72.33	26.57	-9.96
EBITA, 1 Yr. Growth %	1.44T	-45.81	84.84	29.81	-9.54
EBIT, 1 Yr. Growth %	-585.26	-62.75	55.23	65.73	-12.92
Earnings From Cont. Operations, 1 Yr. Growth %	-209.12	-147.4	-328.41	-79.08	220.08
Net Income, 1 Yr. Growth %	-209.12	-147.4	-305.7	-76.73	218.65
Normalized Net Income, 1 Yr. Growth %	-313.85	-54.33	171.04	112.14	-13.34
Diluted EPS Before Extra, 1 Yr. Growth %	-209.81	-147.97	-298.31	-77.78	203.85
Accounts Receivable, 1 Yr. Growth %	14.3	24.64	3.55	0.41	15.9
Net Property, Plant and Equip., 1 Yr. Growth %	-24.84	-2.55	-24.79	-31.41	190.94
Total Assets, 1 Yr. Growth %	-6.4	4.89	5.97	-3.34	8.21
Tangible Book Value, 1 Yr. Growth %	-11.1	-48.7	22.05	5.39	14.87
Common Equity, 1 Yr. Growth %	-9.8	-6.16	8.81	-0.09	4.43
Cash From Operations, 1 Yr. Growth %	-298.41	165.62	-102.3	-1.88T	-10.42
Capital Expenditures, 1 Yr. Growth %	91.4	79.78	-54.06	-25.85	-21.1
Levered Free Cash Flow, 1 Yr. Growth %	753.42	-63.27	142.17	-26.95	9.77
Unlevered Free Cash Flow, 1 Yr. Growth %	753.42	-63.27	142.17	-26.95	9.77
Dividend Per Share, 1 Yr. Growth %	4.65	33.33	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.79	2.7	10.86	17.44	4.35
Gross Profit, 2 Yr. CAGR %	-5.15	11.5	9.9	16.43	5.56
EBITDA, 2 Yr. CAGR %	-4.42	84.17	-0.41	47.69	6.75
EBITA, 2 Yr. CAGR %	-3.98	188.7	0.08	54.9	8.36
EBIT, 2 Yr. CAGR %	-4.24	34.46	-23.96	60.39	20.13
Earnings From Cont. Operations, 2 Yr. CAGR %	28.52	-28.08	4.06	-30.88	-18.18
Net Income, 2 Yr. CAGR %	28.52	-28.08	-1.25	-30.82	-13.9
Normalized Net Income, 2 Yr. CAGR %	10.3	-1.17	11.26	61.98	-8.41
Diluted EPS Before Extra, 2 Yr. CAGR %	32.56	-27.42	-2.47	-33.62	-17.83
Accounts Receivable, 2 Yr. CAGR %	-7.43	18.62	13.61	1.97	7.88
Net Property, Plant and Equip., 2 Yr. CAGR %	-22.8	-14.42	-14.39	-28.18	41.27
Total Assets, 2 Yr. CAGR %	-11.61	-0.92	5.43	1.21	2.27
Tangible Book Value, 2 Yr. CAGR %	-11.05	-32.46	-20.87	13.41	10.03
Common Equity, 2 Yr. CAGR %	-10.83	-7.99	1.05	4.27	2.14
Cash From Operations, 2 Yr. CAGR %	-22.38	129.57	-75.28	-35.95	299.6
Capital Expenditures, 2 Yr. CAGR %	-45.21	85.5	-9.12	-41.64	-23.51
Levered Free Cash Flow, 2 Yr. CAGR %	5.72	77.05	-5.69	55.18	-10.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.72	77.05	-5.69	55.18	-10.45
Dividend Per Share, 2 Yr. CAGR %	-60.47	18.12	15.47	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-15.78	-6.52	11.3	9.04	12.49
Gross Profit, 3 Yr. CAGR %	-21.18	-5.58	17.08	8.24	12.88
EBITDA, 3 Yr. CAGR %	-38.42	-19.29	80.13	7.88	25.23
EBITA, 3 Yr. CAGR %	-39.84	-20.65	148.82	9.14	29.47
EBIT, 3 Yr. CAGR %	-43.56	-30.09	41.05	-1.41	30.84
Earnings From Cont. Operations, 3 Yr. CAGR %	-28.54	-7.83	5.72	-39.05	15.21
Net Income, 3 Yr. CAGR %	-28.54	-7.83	2.09	-39.01	15.11
Normalized Net Income, 3 Yr. CAGR %	-40.87	-17.79	38.33	6.22	31.5
Diluted EPS Before Extra, 3 Yr. CAGR %	-26.75	-5.54	1.46	-40.43	10.22
Accounts Receivable, 3 Yr. CAGR %	-15.06	1.8	13.37	9.03	6.42
Net Property, Plant and Equip., 3 Yr. CAGR %	-19.03	-16.56	-18.02	-20.49	14.49
Total Assets, 3 Yr. CAGR %	-11.17	-6.42	1.33	2.42	3.49
Tangible Book Value, 3 Yr. CAGR %	-10.6	-25.96	-17.74	-12.94	13.9
Common Equity, 3 Yr. CAGR %	-9.89	-9.3	-2.7	0.67	4.32
Cash From Operations, 3 Yr. CAGR %	-14.93	16.97	-50.5	2.9	-28.37
Capital Expenditures, 3 Yr. CAGR %	-43.58	-18.59	16.49	-15.08	-35.47
Levered Free Cash Flow, 3 Yr. CAGR %	-27.58	-25.68	96.53	-4.01	38.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	-27.58	-25.68	96.53	-4.01	38.27
Dividend Per Share, 3 Yr. CAGR %	-45.37	-40.72	11.74	10.06	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-9.9	-12.48	-5.99	2.41	8.47
Gross Profit, 5 Yr. CAGR %	-13.08	-16.13	-9.98	2.67	12.33
EBITDA, 5 Yr. CAGR %	-25.61	-35.33	-25.36	2.78	46.12
EBITA, 5 Yr. CAGR %	-26.61	-36.99	-26.25	3.69	78.44
EBIT, 5 Yr. CAGR %	-29.26	-43.77	-36.41	-2.55	32.28
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.49	-25.37	-16.95	-17.85	-4.58
Net Income, 5 Yr. CAGR %	-15.49	-25.37	-18.67	-17.82	-4.63
Normalized Net Income, 5 Yr. CAGR %	-26.23	-38.29	-23.86	7.83	17.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.99	-24.34	-17.86	-17.97	-6.74
Accounts Receivable, 5 Yr. CAGR %	-13.58	-8.49	-4.82	1.87	11.14
Net Property, Plant and Equip., 5 Yr. CAGR %	10.28	10.18	-17.2	-21.42	1.91
Total Assets, 5 Yr. CAGR %	-4.92	-5.34	-4.87	-3.44	1.7
Tangible Book Value, 5 Yr. CAGR %	-1.68	-15.93	-14.86	-12.19	-7.59
Common Equity, 5 Yr. CAGR %	-4.19	-6.69	-5.66	-4.1	-0.79
Cash From Operations, 5 Yr. CAGR %	-16.37	1.41	-48.1	-8.07	14.13
Capital Expenditures, 5 Yr. CAGR %	-37.18	-22.8	-31.73	-28.74	-1.55
Levered Free Cash Flow, 5 Yr. CAGR %	-3.75	-30.95	-19.51	-0.23	52.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-3.75	-30.95	-19.51	-0.23	52.64
Dividend Per Share, 5 Yr. CAGR %	-28.03	-25.07	-26.3	-26.93	6.89